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Mark T Donnelly

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  • 05-12-2011
    Christie's Art Sale Sets 7 World Auction Records

    Last night's Post-War and Contemporary Art Evening Sale at Christie's New York realized US$301,683,630, exhibiting a thriving and healthy market for art, in which buyers fiercely competed for works of utmost quality, provenance and beauty. The auction's sell through rates 95% sold by lot and 99% sold by value reaffirms Christie's position as market leader for the category.

     

    Astounding prices were achieved for works by Andy Warhol, as all eight works of the artist's works offered were sold for a combined total of US$90,988,000. Most notably Christie's established a new world auction record for a portrait by Warhol with the evening's top lot, Self-Portrait 1963-1964, pictured right, which realized US$38,442,500. The work was finally sold after a riveting 16-minute competition between bidders in the room and on the phone. 

      

    Larry Finn, Coach Realtors' CEO, comments: "Seven new world auction records reflects Christie's mission to distinguish itself as the world's finest auction house.  We are proud to be associated with such a wonderful organization and an affiliate of Christie's International Real Estate."


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