Christie's contemporary art sale last night achieved the highest total in auction history at $495 million. Records were set for Pollock, Lichtenstein, Basquiat, Manzoni, Tuymans, Cornell, Hofmann, Guston, Noland, Mehretu, Serra and Ruth Asawa in a two-hour sale in a buzzing, packed room in which 94 percent of artworks offered found buyers among an exceptionally active field of telephone and in-room bidders. Read More
Works by Barnett Newman, Gerhard Richter and Yves Klein led a $294-million contemporary art sale at Sotheby's New York last night, each setting an auction record. At $37.1 million, the Richter set an auction record for any living artist. After fevered bidding on some early lots, including works by Cy Twombly, John Currin and George Condo that benefited the Whitney Museum, however, the room cooled off. Read More
Leonardo DiCaprio and Christie's New York raised $38.8 million at an auction last night to benefit the Leonardo DiCaprio Foundation, which intends to raise ecological awareness and preserve the environment. The sale had been estimated to net upwards of $15 million. Every work on offer found a buyer among bidders from 32 countries.
Nearly $700 million worth of postwar and contemporary art may change hands at evening auctions this week.
Multimillion-dollar works by artists such as Barnett Newman, Jean-Michel Basquiat, Jackson Pollock and Gerhard Richter go to the block during Sotheby's, Christie's and Phillips spring sales. The auctions follow last week's Impressionist and modern art sales at Sotheby's and Christie's, which surprised many observers by bringing in a tidy $388 million on middling-quality offerings, and the second Frieze New York art fair, which ends today. Read More
Collage and acrylic on paper, thread, string, plastic lid
48 x 30 ¼ in.