Christie’s Rakes in $489 Million From 2 Evening Sales in New York

On Monday night, Christie kicked her spring auction with a back -to -back auction, which brought 9 489 million jointly with fees.

Leonard & Louis Rigjev: The collected works cell, the founder of the late Barns and Nobles and his wife, is heavily bent over realism, modernity and influence. Almost all this collection was sold in the midst of uncertainty, but not without confidence – the entire board is part of home guarantee. 35 many sales of the 20th century, followed by a handful of advanced tasks that anchor anchor in the evening after the museum grade, including the large canvas of Monet, Rotho and Warhol.

Although the total buyer was more than $ 446 million in accordance with a total sales estimate with a total of 9489 million premiums, the hammer was below $ 409 million total, which shows that auction does not meet home expectations. –

Overall, the night provided a snapshot about where the advanced market is parked today: Stable, still tilt tightly and stressful names.

Art Advisor Dan Jensen said, “It was a brave attempt to get a few numbers that looks good. I think the team worked hard.” Art news. “It was a tough effort. There is no catastrophe, but you can tell the market hard.”

Art adviser Hugo Nathan said, “The estimates were not the same as the fireworks, but the sale was solid.” Art News. “There is nothing surprising to say, but the sale was solid. We are in uncertainty. I think people made decisions too late in the day.”

Below, a look at it, what was not sold, what, which lots proved to be the most magnetic, and which should have been in storage until next year.

Leonard and Louis Raggio: Collective work

Total: 2 272 million

The inauguration of Syria was also the most prepared. The Rigjev collection, which has long been known among the interior but rarely seen in the public, was noteworthy for its permanent quality and limit – from geometric health to realistic mood. The sale doubled to one of the great collecting couple from New York as a public farewell. Louis Riggio, who is declining with his floor apartment.

The sales hammer reaches $ 828 million for a total of 38 lots, or $ 272 million, including buyer’s premium, with a low estimate of $ 252 million. Of the 39 lots, the third party was 23 with guarantees and all had a minimum price guarantee.

Of Pet Monderan Blended with large red aircraft, blue -brown, yellow, black and blue – It was below the artist’s 2022 million record of 51 million, but it was undoubtedly the sales headline act.

Of renew Migrat L Empire Des Lumires The second largest place was, with Christie’s world president Alex Rotor quickly a buyer with $ 30 million, or with fees .934.9 million hammer.

Especially, L Empire Des Lumires Earlier in the auction in November 2017, and then in November 2023, both times in Christie’s New York. At the latter auction, realism paintings were also sold Exactly the same amount With buyer’s premium.

Art Advisor Megan Fox Kelly said, “It didn’t go down, but do we expect it to go up? Not really,” Art adviser Megan Fox Kelly said Art news Of the migrants

Migrat of Les Drews D Lommes (1947-48) and Alberto Giakometti FEMME de Venise i Both millions came with expectations of $ 15 million- $ 20 million and spoke of Raggio’s realistic inclination. Les Drews D Lommes With fees .5 13.5 million or .9 15.94 million hammer FEMME de Venise i Million with fees was slightly improved in 15 million or .6 17.66 million.

Picasso, Richter, Hepworth, and Again Martin have confident for modernist muscles – if cautious, felt as confident.

A notable job that sold poorly was the print of Stan Douglas A loot cantona, 1974. Despite the minimum price guarantee, the work attacked 12,600, with a low estimate of $ 60,000, with 10,000 or fees.

Of Julio Gonzalez Forme sévère He was also withdrawn. It was estimated at $ 8 million to $ 12 million.

Sales of the 20th century evening

Total: 7 217 million

If the riggio sale was about beautiful patience, then the 20th -century sales were about to color the names of heavyweight. In comparison, sales produce a hammer that includes a total of $ 181.1 million or $ 217 million, including fees, compared to a lesser estimation of $ 194 million, two remarkable withdrawn by the same artist. There were 15 tasks along with the third party’s guarantee.

Of the remaining 35 offerings, the top was Claud Monet Peupliers au Bord de l’e epte, crepuscule Million, with a fee of $ 30 million to $ 50 million, controlled Million 37 million or .9 $ 42.9 million. The winning bid was placed on the phone with a buyer, Christie’s London Head of Impressionist and Modern Art. He also had a third party guarantee.

After that Mark was after Rothco Number 4 (two dominates) (orange, beer, black) From his home in Fort Worth, Texas, a collection of nine works belonging to Sid and Ann Bass, which was designed by the well -known architect Paul Rudolph. The work came into the market with an estimated 35 million region and came out as one of the most important tasks after sales. It with fees. Sold at 37.785 million.

In the 20th century, the third Lot Guardard Rector was to break eight personalities Corsica (Shiva), Which attacked the fees .9 12.9 million or .2 15.2 million (estimated $ 9-12 million). The painting was also guaranteed by the third party. The bidding was developed for seven and a half minutes, often in a small environment, auctioning (and the global head of Christie’s private sales) to the Adrian mayor, “Have we planned dinner for our guests?”

The results of these three tasks are in accordance with the recent Art Basel UBS report, which shows that the upper end of the market for ultra -high priced tasks in 2024 is more than 39 %, which has decreased by 27 % last year after 39 %. These highly advanced works now represent only 18 % of the market price, which is less than 33 % in 2022.

Art adviser Megan Fox Kelly noted, “It’s not like you have found dozens and dozens of people who are competing for this content.” Art News.

Frank Stella’s Ferozabad III There was an exception, bringing amazing energy to the room. A 15 -foot painting on the size canvas sold at 7 2.7 million on the hammer, which is $ 3.17 million with fees, which is one of the few works at night, exceeding its $ 2 million estimate. It also came from the Boss House.

Gerard Rectors Corsica (schiu)Frank Stella’s ITataAnd Ramidos Vero Revelacian All participated in one night, which paid more attention to the limit. Dorotia tanning Endgam Million also sold at 3 2.349 million at high estimates of 1.5 million, which set a new auction record for the artist and highlighted the ongoing interest in realism.

Specifically, Andy Warhol’s Large lightning chair (1967-68), which is estimated at about $ 30 million, this season is presented a rare high profile for the artist. The painting, which is part of his “death and destruction” series, was last sold for $ 19 million in 2019. With the most degree of long -term holdings, this work offered a rare opportunity to test the collector’s appetite in a majority moment. It was made from a collection of Belgian patrons Roger Mathews and Hilda Koli.

But six feet wide painting failed to eliminate any spark. The reason for this is that it was one of the two Wahrols who were sold to the middle.

Jensen attributed the evacuation to the artist’s struggle market and reduced the demand for “destruction images”.

He said, “I think in such a political climate, people may not want such a view.” Large lightning chair. “It doesn’t feel like you want to spend your money.”

Christie’s width-and larger guarantees were paid with a solid exhibition, if not, the prices of nine data for the fireworks and the previous season. Nevertheless, it was a reminder that even in the cold market, the right name (and the right shade of red in the case of Monday) can still be pulled heat, while these days, like Warhol, the giants of a time are not standing so long.

The results also continue to explain the rapidly scattered art market: things that were extraordinary and pulls the hearts of interesting buyers.

Nathan said, “Richter is an excellent example. It was an emotional picture: boat, calm sea, sunset. An image of peace in the time of chaos.” The two withdrawn were the opposite side of the aesthetic spectrum. This is not just time and, according to the router, the consumers of every Warhul (these were two different people, he said) he decided that keeping them in sale was not risky.

Nevertheless, some people in the room were more than art in the minds. In the second row, an unknown, but well, the gentleman held his phone to the people around him. He was watching the Nix game directly. At that time, (it was still the first quarter) was more than 24-23 against the Boston Selts. At the end of this quarter, while Vincent Van Go In de Dowanne (in tills) Ready for grip, Seltics took a 39-28 lead.

For those of you, Nixes won the game 121-113, which led the semi-final series against Selts 3-1. The team’s next game is 7pm on Wednesday, the time in which Christie’s 21st century sales.