Christie’s 21st Contemporary Art Evening Sale Reaches $103 Million with Strong Asian Presence | Auctions News | THE VALUE

On Tuesday night, Christie’s New York held a 21st Century White Glove Evening Sale, 100% sold. With the emergence of rising stars of art and top-notch artwork by Gerhard Richter, the sale brought in a total of US$103 million.

Before the sale began, two lots by Basquiat, including his 1982 Portrait of the Artist as a Young Derelict triptych that was expected to fetch $30 million and a small wooden artwork, were withdrawn at the last minute.

Apart from that, what has probably caught the eye in the sale is the strong presence of Asia. The two-hour sale saw fierce bidding from Asia on many lots, leading a number of emerging artists to set new auction records as their works beat estimate to sell for more than one million US dollars. And the auctioneer, Georgina Hilton, even traveled all the way from Hong Kong to New York to conduct the sale.

Among the 31 lots that fetched the highest price was, unsurprisingly, Richter’s Abstraktes Bild, which fetched around $38.2 million.

Georgina Hilton of Christie’s Hong Kong tops the evening sale

Lot 13B | Jean-Michel Basquiat | Portrait of the artist as a young abandoned, Triptych, Acrylic, oil, grease pencil and hardware on hinged wooden construction
Created in 1982
207.3 x 209.2 x 9.2cm
Origin:

  • FUN Gallery, New York
  • Mostini Gallery, Paris
  • Acquired from above by current owner, 1995

Estimate on request (expected to bring in US$30 million)
Took of

Basquiat has been featured and publicized at auctions in recent years, with his works selling for record prices almost every season.

However, his highly anticipated wood panel painting, Water-Worshipper, which was marked as a high-end lot with a low estimate of HK$62 million (approx. recently concluded Sotheby’s Hong Kong auction failed to find a buyer. Yet another painting executed on wood panel, the Portrait of the Artist as a Young Wreck is this time removed.

With the Water-Worshipper unsold and this triptych removed, people are starting to wonder: Has Basquiat lost its appeal at auction? Or are his paintings on wood panels simply less popular?

The answer could perhaps be revealed next week, when another work by Basquiat, Untitled, acrylic and grease pencil on canvas, from the collection of Japanese tycoon Yusaku Maezawa, goes under the hammer with an estimate of $70 million. at Philips in the 20th century and contemporary. Art evening sale.

Untitled, on sale at Philips next week


Batch 8B | Gerhard Richter | Abstraktes Bild, Oil on canvas
Created in 1994
225x200cm
Provenance (modified by value):

  • Anthony d’Offay Gallery, London
  • Ulla and Heiner Pietzsch Collection, Berlin
  • Sotheby’s, New York, November 14, 2001, lot 31 (acquired at the sale above)
  • Eric Clapton, UK
  • Sotheby’s, London, 12 October 2012, lot 15 (acquired at the above sale and sold: £21,321,250)
  • Acquired at the above sale by the current owner

Estimate on request (expected to bring in US$35 million)
Hammer price: 33,000,000 USD
Sold: $38,175,000

The tender for Abstraktes Bild opened at $26 million. After less than two minutes, the hammer fell to $33 million. It was sold through Joanna Szymkowiak, Private Sales Manager at Post-War & Contemporary Art, Americas to a customer on the phone with palette number 1573 for approximately US$38.2 million with a fee – slightly higher than the price expected by the auction house.

Joana wins auction for customer with paddle number 1573

Painted by the German abstract master in 1994, Abstraktes Bild was last offered for sale in 2012, when legendary guitarist Eric Clapton sold it for £21.32 million at Sotheby’s in London, or around £34 million. US dollars at the time. A decade later, the painting is up for auction again.

Abstraktes Bild was previously owned by Eric Clapton

Eric Clapton is not only a world famous rockstar but also a famous art collector. This painting is one of three 7-foot-tall 1994 Richter works that Clapton purchased in 2001 for $3.4 million at Sotheby’s. The other two, including Abstraktes Bild (809-1) and Abstraktes Bild (809-2), were both auctioned at Christie’s in New York and sold for US$21 million in 2013 and US$22.1 million, respectively. US dollars in 2016.

Abstraktes Bild (809-2), sold for US$22.1 million in 2016

Among the greatest contemporary artists in the world, Richter tops the list in terms of status, fame and net worth. Known for his abstract and photorealistic paintings, the artist set world auction records in 2015 and 2013 at Sotheby’s. The records are:

  • Abstract painting|Abstraktes Bild, 300.5 x 250.5 cm, Sotheby’s London, sold for £30,389,000 (about US$39 million)
  • Photo-painting|Domplatz, Mailand, 275 x 290 cm, Sotheby’s New York, sold for US$37,125,000

Richter’s innovative raclette technique

Richter entered the world of abstract art around the 1960s and his techniques matured in the 1980s, developing a distinctive style. With a hard-edged plastic squeegee, he embarks on an arduous process of applying, then scraping, and creating an intricate surface of immense detail with consecutive coats of paint. Thick impasto sits alongside thin veneers of paint, revealing the texture of the warp and weft of the underlying canvas. Such an innovative technique broke away from the shackles of brushwork and opened a new chapter in abstract art.

In his abstract works, Richter continues to allude to the theme of landscape, a subject often seen in his photorealistic paintings before. His abstract paintings capture an atmosphere akin to a post-Impressionist translation of landscape scenery into the Western art world.


Below are the young artists whose works have surpassed US$1 million and set their auction records:

Batch 5B | Matthew Wang | Green Room, Oil on canvas (Artist’s Auction Record)
Created in 2017
243.8 × 182.9cm
Origin:

  • Karma, New York
  • Private collection, Paris
  • Acquired from the above by the current owner

Estimate: $1,500,000 – $2,000,000
Hammer price: $4,400,000
Sold: $5,340,000

Born in Toronto in 1984, Matthew Wong has lived alternately in Canada, Hong Kong and the United States. After completing an MFA in photography at the City University of Hong Kong in 2013, he began to learn drawing and painting, immersing himself in the styles of the masters Van Gogh, Matisse, Vuillard, Klimt and Bonnard, as well as the Chinese landscape painting and forms. in the natural world.

After a lifelong battle with autism, Wong tragically committed suicide at the age of 35. In 2020, his River at Dusk, 203.2 x 178 cm, painted in 2018, sold for HK$37,760,000 (approx. US$4.8 million) at the Philips x Poly 20th Century & Contemporary Art Evening Sale in Hong Kong, setting its auction record. And now the record is broken by this Green Room, which brought in $5.3 million.

Batch 4B | Shara Hughes | Spin from Swiss, Oil and Dye on Canvas (Artist’s Auction Record)
Created in 2017
198.1 × 177.8cm
Origin:

  • Rachel Uffner Gallery, New York
  • Acquired from the above by the current owner

Estimate: $500,000 – $700,000
Hammer price: $2,400,000
Sold: $2,940,000

Born in 1981 in Atlanta, Georgia, Hughes earned her BFA at the Rhode Island School of Design and later attended the Skowhegan School of Painting and Sculpture. Moving from interiors to landscapes circa 2015, his works often recall the vivid Fauvism of Henri Matisse and the rich saturation of David Hockney.

Young and talented, Hughes has already made her mark in the art world. Some of his works are in prominent collections, including the Metropolitan Museum of Art in New York; the Rachofsky Collection, Dallas; the Smithsonian American Art Museum, Washington; and the Whitney Museum of Art, New York.

Batch 9B | Ewa Juszkiewicz | Portrait of a woman (after Louis Leopold Boilly), Oil on canvas (Artist’s auction record)
Created in 2019
200 x 160cm
Origin:

  • Gagosian Gallery, New York
  • Private collection, New York
  • Offered by the above to the current owner

Estimate: $200,000 – $300,000

Hammer price: $1,250,000

Sold: $1,560,000

Ewa Juszkiewicz was born in Poland in 1984. The artist obtained her master’s degree and doctorate in painting there and is now an artist at the famous Gagosian gallery.

Through her paintings, the artist challenges and confronts conventional Western perceptions of female beauty. His portraits of women are usually executed with a traditional approach to oil painting, sometimes with a baroque or rococo style. But what stands out the most is his treatment of women’s faces. The faces, which must be delicately made up, are either wrapped in fabric or covered with long hair, or even replaced by insects or flowers, giving them a creepy impression.

Batch 1B | Anna Weyant | Summertime, Oil on canvas (Artist’s Auction Record)
Created in 2020
76.2×101.6cm
Origin:

  • 56 Henry, New York
  • Private collection, New York
  • Acquired from the above by the current owner

Estimate: $200,000 – $300,000

Hammer price: $1,200,000

Sold: $1,500,000

Born in 1995, Anna Weyant was previously represented by Blum & Poe and 56 Henr, and now she is the youngest artist under Gagosian. Media reported last year that she was dating Gagosian founder Larry Gagosian, although the gallery declined to respond at the time.

The Canadian artist, whose work is inspired by the Dutch Golden Age, has a preference for portraits of women and floral still lifes. His works are often in muted tones, tinged with a sort of obscure blackness.


Auction details:

Auction house: Christie’s New York
Sale: 21st Century Evening Sale
Date: May 10, 2022
Number of batches: 31
Sell ​​rate: 100%
Total sale: $103,064,200

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