Wednesday, June 30, 2010

Christie’s Contemporary Sale Totals $68.6M. Warhol’s Mottled ‘Silver Liz’ Top Lot

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Christie’s contemporary sale in London totaled $68.6 million, with 84 percent of the 62 lots finding buyers. The top lot was Warhol’s 1963 Silver Liz, selling for $10.1 million to an anonymous buyer who got a famous image for a relatively low price due to the painting’s oddly mottled silk-screening.

The second priciest lot was  Jeff Koons’ 1999 painting Loopy which made $5.1 million, a record auction price for a Koons’ painting.  The buyer was Koons’ dealer, Gagosian Gallery.

Europeans dominated the buying, sweeping up 58 percent of lots, while Americans took home 30 percent. Asia didn’t seem to be a big factor, accounting for just 4 percent of lots.

Chris Ofili set a world auction record for the 1998 dung-inflected Orgena which sold for $2.8 million to an unnamed U.S. private collection. Alighiero Boetti also achieved a record for the 1989 tapestry Mappa, selling for $2.75 million.

Among younger names Jules de Balincourt kick started the sale with his own map, US World Studies II, which fetched $416,984, topping a $90,000 high estimate. A painting by Glenn Brown, a super-sized Dali, also made it onto the top ten and achieved an auction record selling for $2.2 million.

Top Ten Priciest Lots

1. Andy Warhol (1928-1987), Silver Liz, 1963
Sold for $10,168,920 to Anonymous

2. Jeff Koons (b. 1955), Loopy, 1999
WORLD RECORD PRICE FOR A PAINTING BY THE ARTIST AT AUCTION
Sold for $5,115,480 to Gagosian

3. Roy Lichtenstein (1923-1997), Collage for Nude with Red Shirt, 1995
Sold for $4,104,792 to European Private

4. Cy Twombly (b. 1928), Untitled (Gaeta), 2004
Sold for $3,767,896 to European Trade
5. Gerhard Richter (b. 1932), Abstraktes Bild, 1986
Sold for $3,599,44 to US Private

6. Chris Ofili (b. 1968), Orgena, 1998
WORLD RECORD PRICE FOR THE ARTIST AT AUCTION
Sold for $2,841,432 to US Private

7. Alighiero Boetti (1940-1994), Mappa, 1989
WORLD RECORD PRICE FOR THE ARTIST AT AUCTION
Sold for $2,757,208 to US Trade

8. Alexander Calder (1898-1976), Two Fish Tails, 1975
Sold for  $2,167,640 to European Private

9. Glenn Brown (b. 1966),  Dalí-Christ (after Soft Construction with Boiled Beans: Premonition of Civil War 1936 by Salvador Dalí), 1992

World Auction record sold for $2,167,640 to US Private

10. Alexander Calder (1898-1976), Black and Yellow Dots in the Air, 1960
Sold for $2,083,416 to European Private

Andy Warhol's 1963 "Silver Liz" sold for $10.2 million at Christie's in London. Photo: Christie's

Glenn Brown painting sold for $2.2 million at Christie's in London. Photo: Christie's

Jeff Koons' "Loopy" sold for $5.1 million at Christie's in London. Photo: Christie's



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Posted by Lindsay Pollock
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