The First Art Newspaper on the Net Established in 1996 United States Friday, December 26, 2014


$35 Million Andy Warhol Coke Bottle Lifts Sotheby's Contemporary Art Auction
Security guards stand near "Coca-Cola [4] Large Coca-Cola" by Andy Warhol during a preview of Sotheby's Impressionist & Modern Art auction in New York October 29, 2010. REUTERS/Lucas Jackson.

By: Christopher Michaud

NEW YORK (REUTERS).- A black-and-white Coke bottle on canvas by Andy Warhol sold for $35.36 million on Tuesday at Sotheby's robust contemporary and post-war art auction.

The sale of 54 works, an impressive 91 percent of which found buyers, totaled $222.4 million including commissions, beating the high pre-sale estimate of $214 million.

Five artists set auction records as collectors continued vying for works in the post-war art sector, an increasingly sought after sector of the art world.

"In this new market, it was a huge success," said Tobias Meyer, Sotheby's worldwide head of contemporary art, who also served as auctioneer.

It was the fourth successful sale in two weeks for Sotheby's, Christie's and Phillips de Pury & Co.

After a precipitous decline following the 2008 financial crisis, the art market has made a solid recovery in 2010, driven in part by a huge infusion of new collectors abroad with fortunes newly forged in oil, gas and gold.

Led by Warhol's "Coca-Cola (4) (Large Coca-Cola)," which far surpassed the high estimate of $25 million, the sale was more evidence of the growing appetite for post-war works.

The market for such works, along with contemporary art, has in recent years challenged and sometimes eclipsed the demand for earlier Impressionist and "modern" auction categories.

"What's happening is that people have been moving into this market from the Impressionist market. ... It's become one market," said Meyer.

Prices commanded by top Warhols had put the pop artist in the same league as Matisse and Picasso, he added.

On Monday, Warhol's "Men in Her Life," a multi-image depiction of favored subject Elizabeth Taylor, soared to $63.4 million at Phillips.

"It's a global, 20th-century iconic market," Meyer said.

Other highlights included a pair of works by Gerhard Richter that fetched $13.23 million and $11.3 million, and Francis Bacon's "Figure in Movement," which sold for $14 million. Each more than doubled the low estimate.

In all, six works sold for more than $10 million, including an untitled Rothko which went for $22.5 million.

The auctions conclude on Wednesday with Christie's contemporary and post-war sale, which is expected to be the season's biggest.

(Editing by Todd Eastham)

Sotheby's | Contemporary Art Auction | Andy Warhol |




Today's News

November 11, 2010

Pop! Christie's Sets New World Auction Record for Lichtenstein Achieving $42.6 Million

Exhibition Places New Acquisitions in the Context of MoMA's History of Collecting

$35 Million Andy Warhol Coke Bottle Lifts Sotheby's Contemporary Art Auction

Metropolitan and Egypt Announce Initiative to Recognize Egypt's Title to Objects from Tut's Tomb

Alexander McQueen's Iconic Designs to be Celebrated in Spring 2011 at the Metropolitan

Legendary Souvenir Chess Piece from 1897 to be Offered at Christie's South Kensington

Winner of the Taylor Wessing Photographic Prize Announced at the National Portrait Gallery

Exceptional Group of Modern and Contemporary Artworks on Offer at artnet Auctions

One of Only 19 Fabergé Snuff-Boxes with Portrait of Emperor Nicholas II Offered by Christie's

Amon Carter Museum of American Art Announces Andrew J. Walker as Director Designate

Sotheby's Auction of Fine Chinese Ceramics and Works of Art Brings £14 Million

Japanese Medicine Container Makes World Record in an International Sale at Bonhams

Sale of Modern and Contemporary Turkish Art at Antik A.S. in Istanbul Totals $ 10.2 Million

Two Artists Explore the Ruins of the 20th Century at the Hirshhorn

Ancient Temples Highlight Egyptian Lake Cruise

Curtain Closes on a Successful Abu Dhabi Art 2010

Disabled Veterans Memorial has DC Groundbreaking

Mark Polizzotti Named Publisher & Editor in Chief at Met Museum

National Gallery of Canada and the Museum of Contemporary Canadian Art Forge a New Partnership

Most Popular Last Seven Days



1.- Colossal statue of Amenhotep III unveiled on the west bank of the Nile in Egypt

2.- British royals crown New York visit with gala dinner

3.- Missing artwork rediscovered in "Stuart Little" sells for over 200,000 euros at auction

4.- Rossetti's Venus Verticordia soars at Sotheby's in London to sell for £2.88 million

5.- Russian magnate buys, then returns Nobel prize to American geneticist James Watson

6.- Egyptian Museum unveils four newly renovated halls of the famed Tutankhamun gallery

7.- 'The Secret of Dresden: From Rembrandt to Canaletto' on view at the Groninger Museum

8.- Cooper Hewitt Smithsonian Design Museum reopens after three-year renovation

9.- More than 200 queries about works by possible heirs received on Nazi-era art hoard

10.- Attorney, artist and filmmaker reflects on the seven lessons learned at 2014 Art Basel Miami Beach

Related Stories



Important Judaica and Israeli & international art bring a combined $7.9 million at Sotheby's New York

Sotheby's New York to offer The Andy Williams Collection of Navajo blankets in May 2012

Buhl Collection brings $12.3M - Highest ever total for a private collection of photos sold at auction

'Casablanca' piano sells in NY for more than $600K

No bidder found for letters by 'Peanuts' creator

Sotheby's names President and CEO William F. Ruprecht as Chairman of the Board of Directors

Sotheby's announces first ever selling exhibition of contemporary art from central Asia and the Caucasus

Mick Jagger love letters written to American singer Marsha Hunt sold at London auction

House of Illustration raises 68,750 in "What are they like?" Celebrity Auction at Sotheby's London

Swiss contemporary art generates enthusiasm among collectors at Sotheby's



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 Ramírez - 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