The First Art Newspaper on the Net Established in 1996 United States Friday, August 22, 2014


Yves Klein's "Relief éponge" Sells for $9,149,790 at Christie's Contemporary Art Sale
The top price was paid for "Relief éponge" or (RE47II) by Yves Klein (1928-1962) which sold for $9,149,790 (estimate: £5 million to £7 million). REUTERS/Stefan Wermuth.
LONDON.- The Post-War and Contemporary Art Evening Sale took place this evening at Christie’s and realized £39,149,500 / $61,073,220 / €44,278,085 selling 90% by lot and 96% by value. The sale had a pre-sale estimate of £26,290,000 to £38,260,000.

Francis Outred, Head of Post-War and Contemporary Art, Christie’s Europe: “This evening’s auction not only showed that confidence has returned to the art market but also that there is a real hunger from international collectors for Post-War and Contemporary art. The strong results at our international auctions during the second half of last year encouraged vendors who were previously resistant to consign works of art, and the increased supply of quality works fed a strong demand and led to competitive bidding this evening. We sold more than half the lots above estimate, including 7 of the top works, and in selling 9 works over £1 million, we have already surpassed the equivalent figure for all three of our auctions of Post-War and Contemporary art in London last year. We saw particularly strong prices for classic European artists including Yves Klein as well as Tapies and Boetti, both of whose work established world record prices. These results should give consignors great encouragement as we look forward to the next major auctions of Post-War and Contemporary art in New York and London in May and June respectively.”

The top price was paid for "Relief éponge" or (RE47II) by Yves Klein (1928-1962) which sold for £5,865,250 / $9,149,790 / €6,633,598 (estimate: £5 million to £7 million). The longer of only two gold sponge reliefs ever created by the artist, it encapsulates the essence of Klein’s art with the marriage of two of his greatest series; the Relief Eponges (Sponge reliefs) and Monogolds. It was offered at auction this evening for the first time having been in the collection of the vendor since circa 1980.

At this evening’s auction, 9 works of art sold for £1 million (16 over $1 million). Buyers (by lot / by origin) were 33% UK, 41% Europe, 22% Americas and 4% Asia.

Further leading highlights of the sale:

· "Anthropométrie" (ANT 5) by Yves Klein (1928-1962) doubled pre-sale expectations realizing £4,129,250 / $6,441,630 / €4,670,182. The largest of only six works from this celebrated series to incorporate a mixture of fire and blue pigment, it was estimated to realize £1.5 million to £2 million. It last sold at auction in London in 2001 when it had realized £388,500.

· Fliegender Tanga (Flying Tanga) by Martin Kippenberger (1953-1997) realized £2,561,250 / $2,995,550 / €2,896,774, the second highest price for the artist at auction. An important early work in 5 parts which was acquired directly from the artist by the present owner in 1984, it was expected to realize £800,000 to £1,200,000.

· Dollar Sign by Andy Warhol (1928-1987) sold for £2,281,250 / $3,558,750 / €2,580,094. It last sold at auction in New York in November 2005 for $1.6 million.

· Concrete Cabin West Side, 1993, by Peter Doig (b.1959) realized £2,057,250 / $3,209,310 / €2,326,750 (estimate: £2 million to £3 million). This large scale canvas was offered at auction for the first time having been in the same collection since it was selected by the vendor from the artist’s studio in advance of its first exhibition at a gallery in London.

· Head of J.Y.M., 1973, by Frank Auerbach (b.1931) sold for £1,441,250 / $2,248,350 / €1,630,054. One of the artist’s most important portraits of his most famous muse, Juliet Yardley Mills, it was expected to realize £900,000 to £1,200,000.

· Elsewhere in the sale, 4 record prices at auction were established for: Matthew Day Jackson (b.1974) (Bucky realized £601,250 against an estimate £30,000-£40,000); Joana Vasconcelos (b.1971) (Marilyn sold for £505,250 against an estimate of £100,000 to £150,000); Antoni Tàpies (b.1923) (Blanc amb signe vermellós (White with Reddish Sign) sold for £993,250 against an estimate of £300,000 to £400,000); and Alighiero Boetti (1940-1994) (Ononimo sold for £1,049,250 against an estimate of £250,000 to £350,000).

Christie's | Post-War and Contemporary Art Evening Sale | Francis Outred | Yves Klein |


Today's News

February 12, 2010

Yves Klein's "Relief éponge" Sells for $9,149,790 at Christie's Contemporary Art Sale

Italian Judge Wants Ancient Statue Seized from Getty Museum

Sotheby's to Sell over 1,200 Works from the Polaroid Collection

Fashion World's Provocateur Alexander McQueen Dead at 40

Timothy Taylor Gallery Presents a New Work by Ron Arad

Tibor de Nagy Gallery Shows New Paintings by Richard Baker

Maurizio Cattelan's First Solo Show in the U.S. Since 2003 Opens at the Menil Collection

Swiss Art Collection on Show at Kunsthaus Two Years after Heist

Photographs of Gravity-Defying Movements at Laurence Miller Gallery

Museum Presents Masterpieces from the Collection of Prince Hans-Adam II

Baldwin Gallery Opens Exhibition by Doug and Mike Starn and Delia Brown

Rediscovered Gerhard Richter Video on Show at the CCCS

Site-Specific Installation by Artist Kiki Smith at the Brooklyn Museum

'Shrew'd' Survey of American Women Artists Opens at Sheldon

Whistler: Influences, Friends and the Not-So-Friendly at the Toledo Museum of Art

Christie's to Sell the Charming and Eclectic Hanham Court Collection

New Book Gives Unprecedented Insight into Rubens's Virtuoso Painting Technique

National Gallery Visitors will be Able to Flip through Fragile Art Books

Glasgow International Festival Of Visual Art Returns in April

Most Popular Last Seven Days



1.- Mystery over massive Alexander the Great-era tomb unearthed in northern Greece

2.- An ancient money box containing a large rare hoard of coins found in Israel

3.- Robin Williams' portrait installed today at the National Portrait Gallery in Washington

4.- The Baltimore Museum of Art announces three new contemporary exhibitions in fall

5.- New Aspen Art Museum designed by architect Shigeru Ban opens to the public

6.- New York's Metropolitan Museum of Art launches 82nd & Fifth app in 12 languages

7.- MoMA online-only publication features new research on Pablo Picasso and Cubism

8.- Volunteers needed for massive Smithsonian digitization project

9.- Tate Britain welcomes home John Everett Millais's Ophelia and Rossetti’s The Beloved

10.- Bogart estate: Hollywood golden age icon Lauren Bacall dead at 89 in New York

Related Stories



Christie's announces auction marking the first half century of the popular and luxurious interiors shop Guinevere

Christie's New York wraps 2012 with over $163 million in jewelry auction sales

Christie's sale of masterpieces formerly in the Collection of Monsieur and Madame Riahi realises $31.9 M

Christie's presents a week-long series of auctions devoted to magnificent jewels, watches, wine and design

Christie's Launches Spring 2011 Season of Post-War and Contemporary Art with First Open

Most Important Peploe Ever to Come to Auction Leads Scottish Colourist Paintings at Christie's

Extravagant Official Publishing Entreprise Leads Christie's Auction of Books and Manuscripts

Christie's Celebrates American Artistry and Craftsmanship with Exceptional Offerings

Christie's International Leads the Market for Watches in Europe, Asia, and the America's

Important 20th Century Decorative Art and Design Works Shine at Christie's New York



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site