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lrv-u-color-grey-dark:hover lrv-a-hover-effect lrv-u-font-weight-bold u-font-weight-normal@mobile-max lrv-u-whitespace-nowrap" > Market </a> </span> </li> </ul> </nav> </div> <h1 class="article-title // lrv-u-font-family-primary u-font-size-54@desktop-xl lrv-u-font-size-46@tablet lrv-u-font-size-24 u-padding-tb-075@tablet u-line-height-1@tablet">Led by a $23 M. Basquiat, Christie’s Notches a Solid $106.5 M. 21st-Century Art Sale</h1> </header> <div class="a-article-grid__author "> <div class="author // lrv-u-font-size-12"> <div class="lrv-u-align-items-center lrv-u-flex lrv-u-font-family-primary "> <div class="u-flex@tablet"> <div class="lrv-u-flex lrv-u-align-items-center lrv-a-glue-parent "> <button class="a-show-on-hover-parent lrv-a-unstyle-button lrv-u-display-contents lrv-u-flex lrv-u-align-items-center"> <p class="lrv-u-margin-tb-00 lrv-u-text-transform-uppercase lrv-u-font-weight-bold"> By <a class="c-link " href="https://www.artnews.com/author/brian-boucher/"> Brian Boucher</a> </p> <span class="lrv-a-screen-reader-only" data-label="c_icon_screen_reader_text">Plus Icon</span> <svg class="c-icon lrv-u-margin-l-025 u-width-16 u-height-16 a-hidden@desktop-max lrv-u-color-brand-primary" aria-hidden="true" > <use xlink:href="#byline-plus" /> </svg> <div class="a-show-on-hover a-hidden@desktop-max lrv-a-glue lrv-a-glue--l-0 a-glue--t-100p"> <section class="author-details // lrv-u-padding-a-1 u-width-380 lrv-u-background-color-white u-box-shadow-light"> <h3 id="title-of-a-story" class="c-title lrv-u-font-size-28 lrv-u-font-family-primary"> <a href="https://www.artnews.com/author/brian-boucher/" class="c-title__link " > Brian Boucher </a> </h3> <nav class="o-nav " data-dropdown=""> <h4 class="o-nav__title lrv-u-padding-t-050 lrv-u-padding-b-025 lrv-u-font-family-primary lrv-u-font-size-20" data-dropdown-list-item=""> More Stories by Brian Boucher</h4> <ul class="o-nav__list lrv-u-color-brand-primary lrv-u-padding-l-1 u-list-style-type-square lrv-u-font-family-basic lrv-u-font-size-16" data-dropdown-list=""> <li class="o-nav__list-item lrv-u-padding-b-1" data-dropdown-list-item=""> <span class="c-span "> <a href="https://www.artnews.com/art-news/market/christies-fall-21st-century-art-sale-2024-1234724647/" class="c-span__link lrv-u-color-black" > Led by a $23 M. Basquiat, Christie’s Notches a Solid $106.5 M. 21st-Century Art Sale </a> </span> </li> <li class="o-nav__list-item lrv-u-padding-b-1" data-dropdown-list-item=""> <span class="c-span "> <a href="https://www.artnews.com/art-news/market/christies-may-2024-contemporary-art-new-york-auctions-de-la-cruz-collection-hack-1234706858/" class="c-span__link lrv-u-color-black" > After $50 M. Marden Is Withdrawn, Christie’s 21st-Century and de la Cruz Sales Tally $114.7 M. With a Basquiat Selling for $32 M. </a> </span> </li> <li class="o-nav__list-item lrv-u-padding-b-1" data-dropdown-list-item=""> <span class="c-span "> <a href="https://www.artnews.com/art-news/news/christies-20th-century-sale-nets-640-8-million-auction-records-1234686356/" class="c-span__link lrv-u-color-black" > Christie’s Robust 20th Century Sale Nets $640.8 M., with Six Auction Records </a> </span> </li> </ul> </nav> <div class="lrv-u-flex lrv-u-margin-r-1"> <a class="c-link lrv-a-unstyle-link lrv-u-margin-l-auto lrv-u-text-transform-uppercase lrv-u-font-weight-bold lrv-u-font-size-14 lrv-u-color-brand-primary lrv-u-font-family-basic" href="https://www.artnews.com/author/brian-boucher/"> View All</a> </div> </section> </div> </button> </div> <div class="u-margin-l-1@tablet"> <time class="c-timestamp lrv-u-color-black" datetime="2019-09-03" > November 21, 2024 11:14pm </time> </div> </div> </div> </div> </div> <div class="a-article-grid__social lrv-u-flex 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src="https://www.artnews.com/wp-content/uploads/2024/11/LOT-8B_JEAN-MICHEL-BASQUIAT-Untitled-1.jpg?w=2000" alt="A half-length image of a distressed-looking figure seemingly wearing a laurel wreath." srcset="https://www.artnews.com/wp-content/uploads/2024/11/LOT-8B_JEAN-MICHEL-BASQUIAT-Untitled-1.jpg 2000w, https://www.artnews.com/wp-content/uploads/2024/11/LOT-8B_JEAN-MICHEL-BASQUIAT-Untitled-1.jpg?resize=400,324 400w" sizes="(min-width: 87.5rem) 1000px, (min-width: 78.75rem) 681px, (min-width: 48rem) 450px, (max-width: 48rem) 250px" height="" width="" decoding="async"> </div> </div> <figcaption class="c-figcaption lrv-u-font-size-12 lrv-u-flex lrv-u-flex-direction-column lrv-u-padding-tb-025"> <span class=" lrv-u-font-size-14@desktop">Jean-Michel Basquiat, Untitled, 1982.</span> <cite class="lrv-u-text-transform-uppercase lrv-u-color-grey">Christie's Images LTD 2024</cite> </figcaption> </figure> </div> <div class="a-content a-content--offset lrv-a-floated-parent lrv-u-font-family-body lrv-u-line-height-normal lrv-u-font-size-18"> <p class="paragraph larva // a-font-body-m "> The marquee New York evening auctions came to a close on Thursday with a strong $106.5 million sale of 21st century art at Christie’s, led by a $23 million drawing by auction stalwart Jean-Michel Basquiat, setting a record for a work on paper by the artist. The atmosphere in the packed auction house was lively, and bidding was deep as buyers fought for their treasures in person, via phone, and online; after two withdrawals, every one of the 42 lots on offer sold. </p> <p class="paragraph larva // a-font-body-m "> The presale estimate was $74 million to $108 million; the $87 million hammer total, which does not include the house’s fees, came in solidly within estimate. Six lots were guaranteed by the house; some 17 lots bore third-party guarantees, meaning more than half the sale was pre-sold. <div class="admz " id="adm-inline-article-ad-1"> <div class="adma boomerang " data-device="Desktop" data-width="1"> <div style="min-width:50px;min-height:75px;" class="pmc-adm-boomerang-pub-div ad-text" data-priority="10" > <div id="gpt-dsk-tab-mid-article1-uid0" class=" adw-1 adh-1" data-is-adhesion-ad=""> <script type="application/javascript"> blogherads.adq.push(function () { blogherads .defineSlot( 'medrec', 'gpt-dsk-tab-mid-article1-uid0' ) .setTargeting( 'pos', ["mid-article1","mid","mid-article","mid-articleX"] ) .setTargeting( 'viewable', 'yes' ) .setSubAdUnitPath("ros\/mid-article") .addSize([[2,2],[300,250],[300,251]]) ; }); </script> </div> </div> </div> </div> <section class="article-related-links // a-pull-3@tablet lrv-u-text-align-center@tablet u-width-250@tablet lrv-u-padding-lr-050 lrv-a-floated-left@tablet lrv-u-margin-r-1 lrv-u-margin-b-1"> <h2 id="section-heading" class="c-heading larva lrv-u-font-family-secondary lrv-u-font-weight-bold lrv-u-font-size-26@tablet a-pull-up-above-item"> Related Articles </h2> <div class="u-border-color-brand-primary u-border-a-10@tablet u-padding-lr-1@tablet u-padding-b-1@tablet"> <div class="c-lazy-image a-pull-up-item a-hidden@mobile-max u-box-shadow-medium lrv-u-margin-b-050"> <div class="lrv-a-crop-2x3" style=""> <img decoding="async" class="c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto" src="https://www.artnews.com/wp-content/uploads/2024/11/Bidding-at-Sothebys-.jpg?w=150&h=150&crop=1" data-lazy-src="https://www.artnews.com/wp-content/uploads/2024/11/Bidding-at-Sothebys-.jpg?w=150&h=150&crop=1" alt="An auctioneer at a podium gestures toward an artwork of a banana taped to the wall with duct tape. In front is a crowded salesroom with many people recording the action on their phones." data-lazy-srcset="https://www.artnews.com/wp-content/uploads/2024/11/Bidding-at-Sothebys-.jpg 1200w, https://www.artnews.com/wp-content/uploads/2024/11/Bidding-at-Sothebys-.jpg?resize=400,286 400w" data-lazy-sizes="(min-width: 87.5rem) 1000px, (min-width: 78.75rem) 681px, (min-width: 48rem) 450px, (max-width: 48rem) 250px" height="" width="" decoding=""> </div> </div> <div class="a-children-border--grey-light a-children-border-vertical lrv-u-font-family-primary"> <article class="o-card "> <div class="o-card__content "> <h3 id="title-of-a-story" class="c-title lrv-u-font-size-16 lrv-u-line-height-small lrv-u-font-size-18@tablet lrv-u-font-weight-normal lrv-u-padding-tb-050"> <a href="https://www.artnews.com/art-news/market/sothebys-contemporary-evening-sale-report-maurizio-cattelan-justin-sun-1234724492/" class="c-title__link lrv-a-unstyle-link" > Cattelan's $6.24 M. Banana and Buyer Justin Sun Steal the Show at Sotheby's $112.3 M. Contemporary Evening Sale </a> </h3> </div> </article> <article class="o-card "> <div class="o-card__content "> <h3 id="title-of-a-story" class="c-title lrv-u-font-size-16 lrv-u-line-height-small lrv-u-font-size-18@tablet lrv-u-font-weight-normal lrv-u-padding-tb-050"> <a href="https://www.artnews.com/art-news/market/maurizio-cattelan-duct-taped-banana-sells-6-million-1234724458/" class="c-title__link lrv-a-unstyle-link" > Maurizio Cattelan's Duct-Taped Banana Sells for $6.24 M. at Sotheby's </a> </h3> </div> </article> </div> </div> </section> </p> <p class="paragraph larva // a-font-body-m "> The <a href="https://www.artnews.com/art-news/news/christies-november-2023-auctions-21st-century-art-robert-colescott-1234686121/" >equivalent sale last year</a> hammered at $88.4 million, which was seen as disappointing because that amount fell about $8 million short of its $96 million presale estimate. With premium, last year’s sale netted $107.5 million across an identical 42 lots. Tonight’s outing, coming within estimate, suggested that at the end of two weeks of auctions, the auction market is bouncing back from <a href="https://www.artnews.com/art-news/news/2024-spring-auction-season-worst-financial-performance-century-report-1234718824/" >a historic slump</a>. </p> <p class="paragraph larva // a-font-body-m "> The night saw eight auction records set, for Firelei Báez, William Eggleston, Denzil Forrester, Sasha Gordon, Roni Horn, Ana Mendieta, Hilary Pecis, and Sarah Sze. Additionally, besides the Basquiat, medium-specific records were set for a Louise Bourgeois work on paper and for a Keith Haring sculpture.</p> <p class="paragraph larva // a-font-body-m "> Basquiat’s <em>Untitled </em>(1982) was estimated at $20 million to $30 million, making it far and away the night’s priciest lot. After two and a half minutes, it nearly met its low estimate to hammer for $19.5 million. The price with fees of $23 million set a new record for a work on paper; the previous high for such a work was $15.2 million, achieved by the 1982 <em>Untitled (Head) </em>at Sotheby’s New York in 2020.</p> <p class="paragraph larva // a-font-body-m "> <em>Untitled</em> shows a half-length image of a distressed-looking figure seemingly wearing a laurel wreath, a symbol of triumph in classical iconography. The drawing was off the market since 1996, when the unnamed seller purchased it from dealers Enrico Navarro and Tony Shafrazi. The work notably did not carry a guarantee despite the high price. </p> <p class="paragraph larva // a-font-body-m "> Experts assessed the sale in positive terms. </p> <p class="paragraph larva // a-font-body-m "> “A strong sale, well curated,” New York dealer Dominique Lévy told <em>ARTnews </em>after the 80-minute auction. “Strong prices for young artists, great results for artists normally quiet at auction like Roni Horn, and an appetite for quality. However the mood remains selective and knowledgeable.” To her point about young artists: that record-setting work by Firelei Báez, her auction debut, tripled its high estimate to fetch $567,000. The Horn, estimated at up to $1.2 million, hammered at $1.5 million ($1.8 million with fees).</p> <p class="paragraph larva // a-font-body-m "> Investor Max Dolgicer was also upbeat.</p> <p class="paragraph larva // a-font-body-m "> “It was a very strong sale with no surprises,” he said. “It wasn’t as glamorous as Tuesday, but those sales don’t come around all the time.” The same house had a <a href="https://www.artnews.com/art-news/market/christies-mica-ertegun-double-header-magritte-ed-ruscha-records-1234724353/" >rousing $486 million sale</a> on Tuesday night, including lots from designer and philanthropist Mica Ertegun and led by a record-smashing $121 million René Magritte.</p> <p class="paragraph larva // a-font-body-m "> Two works, a Diane Arbus photo and an Eric Fischl painting, were withdrawn, presumably for lack of interest. All the remaining works sold; 15 went for prices at or above their high estimate, while 12 sold within estimate and 15 failed to meet their low estimates. </p> <p class="paragraph larva // a-font-body-m "> Three works came from <em>ARTnews</em> Top 200 collectors, according to <a href="https://news.artnet.com/market/consignors-revealed-new-york-auctions-2569866" rel="nofollow" target="_blank" ><em>Artnet News</em></a>: newsprint magnate <a href="https://www.artnews.com/art-collectors/top-200-profiles/peter-m-brant/" >Peter Brant</a> consigned the Basquiat and a Koons vacuum cleaner sculpture (as well as the withdrawn Fischl), while Greek Cypriot industrialist and Top 200 collector <a href="https://www.artnews.com/art-collectors/top-200-profiles/dakis-joannou/#" >Dakis Joannou</a> consigned a Koons <em>Large Vase of Flowers</em>.</p> <p class="paragraph larva // a-font-body-m "> The night’s second-priciest lot was David Hockney’s <em>Four Empty Vases </em>(1996), which had been off the record since 1997. Estimated at $3.5 million to $5.5 million, bidding topped out at $7.1 million to a bidder in the room—or $8.6 million with fees—after a three-minute contest.</p> <div class="post-content-image // "> <figure class="o-figure size-full alignnone lrv-u-max-width-100p" style="width:100%; max-width:1024px;"> <div class="c-lazy-image "> <div class="lrv-a-crop-16x9" style="padding-bottom:calc((1309/1024)*100%);"> <img decoding="async" class="c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto" src="https://www.artnews.com/wp-content/uploads/2024/11/LOT-11B_JEFF-KOONS-Large-Vase-of-Flowers.jpg?w=400" data-lazy-src="https://www.artnews.com/wp-content/uploads/2024/11/LOT-11B_JEFF-KOONS-Large-Vase-of-Flowers.jpg?w=400" alt="koons_010-018_Large V#10F28.tif" data-lazy-srcset="https://www.artnews.com/wp-content/uploads/2024/11/LOT-11B_JEFF-KOONS-Large-Vase-of-Flowers.jpg 1200w, https://www.artnews.com/wp-content/uploads/2024/11/LOT-11B_JEFF-KOONS-Large-Vase-of-Flowers.jpg?resize=400,511 400w" data-lazy-sizes="(min-width: 87.5rem) 1000px, (min-width: 78.75rem) 681px, (min-width: 48rem) 450px, (max-width: 48rem) 250px" height="1309" width="1024" decoding=""> </div> </div> <figcaption class="c-figcaption lrv-u-font-size-12 lrv-u-flex lrv-u-flex-direction-column lrv-u-padding-tb-025"> <span class="lrv-u-font-size-14@desktop">Jeff Koons, <em>Large Vase of Flowers</em>, 1991.</span> <cite class="lrv-u-text-transform-uppercase lrv-u-color-grey">Christie’s Images LTD 2024</cite> </figcaption> </figure> </div> <p class="paragraph larva // a-font-body-m "> Jeff Koons had a good night, with his works accounting for two of the top 10. </p> <p class="paragraph larva // a-font-body-m "> The artist’s <em>Large Vase of Flowers </em>(1991), which came in at number three for the night, is a polychromed wood sculpture standing just over four feet. It was estimated at $6 million to $8 million and bore a third-party guarantee. After two and a half minutes, it hammered at $6.8 million, or $8.2 million with fees. Joannou acquired the piece, the artist’s proof from an edition of three, from the artist in 1993. It has appeared in some 19 museum exhibitions, including his 2014-15 retrospective.  Another edition went for $5.7 million on a $6 million high estimate at Christie’s New York in 2009.</p> <p class="paragraph larva // a-font-body-m "> “Since taking art lessons as a child, I have had flowers in my work,” the artist has said. “I always like the sense that a flower just displays itself. The viewer always finds grace in a flower. Flowers are a symbol that life goes forward.”</p> <p class="paragraph larva // a-font-body-m "> Number six on the night was Koons’s sculpture <em>New Hoover Celebrity IV, New Hoover Convertible, New Shelton 5 Gallon Wet/Dry, New Shelton 10 Gallon Wet/Dry Doubledecker </em>(1981-1986), in which the various vacuum cleaners are displayed in a case. Estimated at $3.5 million to $5.5 million, it hammered within estimate at $4.2 million, or $5.1 with fees, after a 90-second contest.</p> <p class="paragraph larva // a-font-body-m "> Brant got it at Sotheby’s New York in 1991 for $137,500; English advertising magnate Charles Saatchi was the seller that time around. It came to auction in 2013, tagged at up to $15 million, and failed to sell; in 2017, the seller went with a more conservative estimate of up to $10 million. It sold for just $6.4 million after fees this time around. </p> <div class="post-content-image // "> <figure class="o-figure size-large alignnone lrv-u-max-width-100p" style="width:100%; max-width:2000px;"> <div class="c-lazy-image "> <div class="lrv-a-crop-16x9" style="padding-bottom:calc((1572/2000)*100%);"> <img decoding="async" class="c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto" src="https://www.artnews.com/wp-content/uploads/2024/11/LOT-16B_YAYOI-KUSAMA-Pumpkin.jpg?w=400" data-lazy-src="https://www.artnews.com/wp-content/uploads/2024/11/LOT-16B_YAYOI-KUSAMA-Pumpkin.jpg?w=400" alt="" data-lazy-srcset="https://www.artnews.com/wp-content/uploads/2024/11/LOT-16B_YAYOI-KUSAMA-Pumpkin.jpg 4000w, https://www.artnews.com/wp-content/uploads/2024/11/LOT-16B_YAYOI-KUSAMA-Pumpkin.jpg?resize=400,314 400w" data-lazy-sizes="(min-width: 87.5rem) 1000px, (min-width: 78.75rem) 681px, (min-width: 48rem) 450px, (max-width: 48rem) 250px" height="1572" width="2000" decoding=""> </div> </div> <figcaption class="c-figcaption lrv-u-font-size-12 lrv-u-flex lrv-u-flex-direction-column lrv-u-padding-tb-025"> <span class="lrv-u-font-size-14@desktop">Yayoi Kusama, <em>Pumpki</em>n, 2022.</span> <cite class="lrv-u-text-transform-uppercase lrv-u-color-grey">Christie’s Images LTD 2024</cite> </figcaption> </figure> </div> <p class="paragraph larva // a-font-body-m "> Women accounted for two of the artists in the top 10. </p> <p class="paragraph larva // a-font-body-m "> Yayoi Kusama’s mammoth sculpture <em>Pumpkin </em>(2022), one of the largest examples of her trademark subject at eight feet wide, was tagged at $6 million to $8 million; after just a minute, it hammered at a below-estimate $5.6 million, or $6.8 million with fees, to become the night’s number four prize. Her auction record for a pumpkin sculpture is $8 million, achieved by a similarly sized 2014 <em>Pumpkin (L) </em>at Sotheby’s Hong Kong in 2023. “Pumpkins talk to me,” the artist has said. </p> <p class="paragraph larva // a-font-body-m "> Fifth-priciest on the night was British-American painter Cecily Brown’s <em>The Butcher and the Policeman </em>(2013), which the seller bought in 2014. Titled for a passage in Joseph Conrad’s novel <em>Heart of Darkness </em>and standing 5 and half feet high, it bore an estimate of $4 million to $6 million, and hammered after a lengthy three and a half minutes at $4.9 million, to total $6 million with fees, not dramatically short of her record. That remains $6.8 million, paid for the 9-foot-wide <em>Suddenly Last Summer </em>(1999) at Sotheby’s New York in 2018. Brown was the subject of a recent retrospective at New York’s Metropolitan Museum of Art; another show is currently at the Dallas Museum of Art and soon to come to Philadelphia’s Barnes Collection.</p> <p class="paragraph larva // a-font-body-m "> Rounding out the top 10 were a sculpture by David Hammons, ca. 1978 sculpture <em>Untitled (Flight Fantasy)</em>, which went for $3.9 million; a George Condo painting, <em>The Executives and Their Wives </em>(2011), which earned $3.9 million; the 1987 Keith Haring sculpture, <em>Untitled (Hollywood African Mask)</em>, which fetched $3.2 million; and a Rashid Johnson painting, <em>Triptych “Box of Rain” </em>(2020-2022), for $2.7 million.  (All prices with buyer’s premium unless otherwise noted.)</p> </div> <div class="article-tags // a-children-icon-bullet lrv-u-font-family-primary u-letter-spacing-012 lrv-u-line-height-large lrv-u-color-brand-primary"> <nav class="o-nav lrv-u-flex lrv-u-flex-direction-column lrv-u-align-items-center u-text-transform-lowercase lrv-u-font-weight-bold" data-dropdown=""> <h4 class="o-nav__title lrv-u-padding-r-1 lrv-u-text-transform-uppercase lrv-u-font-weight-bold lrv-u-color-black" data-dropdown-list-item=""> Read More About:</h4> <ul class="o-nav__list lrv-a-unstyle-list a-children-icon lrv-u-flex lrv-a-space-children-horizontal lrv-a-space-children--1 lrv-u-align-items-center u-flex-wrap-wrap lrv-u-justify-content-center" data-dropdown-list=""> <li class="o-nav__list-item " data-dropdown-list-item=""> <span class="c-span undefined lrv-u-color-grey-dark:hover lrv-a-hover-effect lrv-u-font-weight-bold lrv-u-whitespace-nowrap"> <a href="https://www.artnews.com/t/2024-fall-auction-sales/" class="c-span__link " > 2024 Fall Auction Sales </a> </span> </li> </ul> </nav> </div> <div class="admz " id="adm-an-native-article-bottom"> <div class="adma boomerang " data-device="Desktop" data-width="1"> <div style="" class="pmc-adm-boomerang-pub-div " data-priority="10" > <div id="AN-NATIVE-ARTICLE-BOTTOM-uid3" class="" data-is-adhesion-ad=""> <script type="application/javascript"> blogherads.adq.push(function () { blogherads .defineSlot( 'nativecontent', 'AN-NATIVE-ARTICLE-BOTTOM-uid3' ) .setSubAdUnitPath("native\/article") .addSize([[1,1],[3,3],[6,6]]) ; 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