Thursday, February 17, 2011

Gagosian Bags $17.4M Warhol at Christie’s

Self-Portrait

By Mackie Healy, Art Market Views, Contributor

Warhol propelled yet another contemporary auction last night in London. His 1967 tomato-hued Self-Portrait fetched $17.4 million (£10.8 million) at Christie’s. The buyer was dealer Larry Gagosian, according to salesroom reports.

The painting, depicting the artist with his fingers splayed over his mouth and gazing directly at the viewer, is from a series of ten 1960s self-portraits. This particular example had been in a private collection since 1974.

The evening’s sale totaled $99.2 million (£61.4 million), with a strong 92 percent of 64 lots finding buyers. Twenty-eight works sold for over $1 million (16 lots were over £1 million). Six auction records were set for Jenny Saville, Martial Raysse, Miquel Barcelo, Wade Guyton, Ged Quinn and Adriana Varejao.

Self taught artist Martial Raysse’s 1962 pop inspired portrait, L’année dernière à Capri (titre exotique) -  sold for $6.6 million (£4.1 million), more than quadruple the high estimate and a auction  record for a work by a living French artist.

Brazilian artist Adriana Varejao’s fleshy-tiled and Lucio Fontana-inspired Wall with Incisions a la Fontana II (2001) fetched $1.8 million (£1.1 million), achieving a new record for the artist at auction.

The Top Ten:

Title / Artist / Year / Price / Estimate / Buyer (according to auction house)

1. Self-Portrait by Andy Warhol, 1967 $17.4 million (est. £3 – 5 million) Anonymous
2. L’année dernière à Capri (titre exotique) by Martial Raysse, 1962 $6.5 million (est.  £1 – 1.5 million) Anonymous
3. Abstraktes Bild by Gerhard Richter, 1990 $5.1 million (est. £1 – 1.5 million) Anonymous
4. Winter Bears by Jeff Koons, 1988 $4.8 million (est. £2.5 – 3 million) Anonymous
5. Concetto spaziale by Lucio Fontana, 1961 $4.4 million  (est. £2 – 3 million) Anonymous
6. Untitled XXVIII by Willem de Kooning, 1983 $4 million (est. £2.4 – 2.8 million) Anonymous
7. Concetto spaziale, Attesa by Lucio Fontana, 1964 $3.7 million (est. £1 – 1.5 million) Anonymous
8. Achrome by Piero Manzoni, 1958-59 $3.5 million (est. £1.8 – 2.5 million) Anonymous
9. Lead Plate with Hole by Jean-Michel Basquiat $3.3 million (est. £2 – 3 million) Anonymous
10. Untitled by Jean-Michel Basquiat $2.96 million (est. £1 – 1.5 million) Anonymous

Martial Raysse 1962 "L'année dernière à Capri (titre exotique)" oil, paper collage, glycerospray and painted wooden frame on board, sold for record $6.5M at Christie's



Tagged: ,
Posted by Lindsay Pollock
No Comments »

Leave a comment