Christie's Reels in a Staggering $495 Million for Contemporary Art

  • May 15, 2013 22:51

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Jackson Pollock’s drip painting “No. 19, 1948” sold to an anonymous bidder for a record price of $58.3 million with fee at Christie’s.
2013 Pollock-Krasner Foundation/Artists Rights ...

Records price were smashed for 12 contemporary artists at Christie's on Wednesday night. Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat were among the record-setters in a postwar and contemporary art sale in New York that totaled $495 million, the highest sales figure at any art auction.

Pollock's drip-painting “No. 19, 1948” fetched the top price of the sale, a record $58.3 million with fees.

“Woman With Flowered Hat,” a 1963 painting by Pop artist Lichtenstein brought $56.1 million with fees, well above its $32 million high estimate. It reportedly went to jeweler Laurence Graff.

Basquiat’s seven-foot-tall canvas from 1982, "Dustheads," fell to a telephone bidder for $48.8 million with fees.

The salesroom was filled with a who's who of top collectors, from Los Angeles financier Eli Broad to J. Crew chairman Millard Drexler, many dropping more than $20 million on a single artwork. 


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