Christie's Navigates the Art Market with Confidence in 21st Century Evening Sale
The art world witnessed a stellar performance from Christie's at their 21st Century Evening Sale, where the auction house secured a total of $123.6 million across 45 lots. The sale, which took place on November 20, showcased a curated selection of post-war and contemporary works from esteemed collectors, including Stefan Edlis and Gael Neeson.
While the evening may not have delivered record-breaking results like Sotheby's Evening Sale earlier in the week, it was still marked by sustained bidding activity, with competition unfolding across multiple geography and platforms. The success can be attributed to a well-calibrated mix of irrevocable bids and third-party guarantees that fostered a sense of excitement and participation among bidders.
The Edlis-Neeson collection kicked off the sale, featuring post-war icons tracing the evolution of modern art. Works by Andy Warhol, Cindy Sherman, and Diego Giacometti were particularly notable, with Warhol's "Untitled (RIOT)" selling for $8.1 million after an intense bidding match against Alex Rotter on the phone.
Giacometti's low table, which surged to $3.65 million hammer from a modest estimate of $1.5-2.5 million, was another standout lot, showcasing the artist's enduring popularity in the market. The sale also saw notable results for artists with solid institutional profiles and exhibition histories, such as John Currin and Jeff Koons.
In addition to these established names, emerging and established women artists like Firelei Báez and Amy Sherald secured impressive prices. Báez's "Untitled (Colonization in America, Visual History Wall Map)" set a new record price for the artist, eclipsing the previous benchmark at Phillips by more than five times.
The success of this sale reinforces Christie's position as a leading player in the art market, with Fall Marquee Week currently standing at $870 million. As bidders continue to demonstrate strong enthusiasm for quality works from post-war and contemporary eras, it remains to be seen how the market will evolve in the coming months. For now, however, Christie's has certainly established itself as a force to be reckoned with in the world of art sales.
The art world witnessed a stellar performance from Christie's at their 21st Century Evening Sale, where the auction house secured a total of $123.6 million across 45 lots. The sale, which took place on November 20, showcased a curated selection of post-war and contemporary works from esteemed collectors, including Stefan Edlis and Gael Neeson.
While the evening may not have delivered record-breaking results like Sotheby's Evening Sale earlier in the week, it was still marked by sustained bidding activity, with competition unfolding across multiple geography and platforms. The success can be attributed to a well-calibrated mix of irrevocable bids and third-party guarantees that fostered a sense of excitement and participation among bidders.
The Edlis-Neeson collection kicked off the sale, featuring post-war icons tracing the evolution of modern art. Works by Andy Warhol, Cindy Sherman, and Diego Giacometti were particularly notable, with Warhol's "Untitled (RIOT)" selling for $8.1 million after an intense bidding match against Alex Rotter on the phone.
Giacometti's low table, which surged to $3.65 million hammer from a modest estimate of $1.5-2.5 million, was another standout lot, showcasing the artist's enduring popularity in the market. The sale also saw notable results for artists with solid institutional profiles and exhibition histories, such as John Currin and Jeff Koons.
In addition to these established names, emerging and established women artists like Firelei Báez and Amy Sherald secured impressive prices. Báez's "Untitled (Colonization in America, Visual History Wall Map)" set a new record price for the artist, eclipsing the previous benchmark at Phillips by more than five times.
The success of this sale reinforces Christie's position as a leading player in the art market, with Fall Marquee Week currently standing at $870 million. As bidders continue to demonstrate strong enthusiasm for quality works from post-war and contemporary eras, it remains to be seen how the market will evolve in the coming months. For now, however, Christie's has certainly established itself as a force to be reckoned with in the world of art sales.