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Jasper Johns' Flag fetches $36 million at Sotheby's and sets new auction record
Jasper Johns, Flag, est. $15/20 million, encaustic on silk flag on canvas, 11 5/8 x 17 1/2 in. 29.5 x 44.4 cm. Photo: Sotheby's.


NEW YORK, NY.- Alexander Rotter, Co-Head of Sotheby’s Global Contemporary Art Department, commented: “It has been a wonderful start to our week of Contemporary Art sales, with the running total now above $460 million, and a very strong day sale yet to come. Having known and admired Jasper Johns’ final encaustic Flag for decades, we were thrilled to see it establish a new record for the artist at auction. Tonight’s sale was anchored by The Schlumberger Collection and the outstanding prices achieved for works that had been tucked away in that legendary collection for a generation, including Mark Rothko’s sublime No. 21 (Red, Brown, Black and Orange) and Jean Dubuffet’s masterful Cité Fantoche, which also set a new record. Sotheby’s had the unprecedented privilege of offering three major canvases by Rothko from key moments in his career this week and the results were spectacular.”

CONTEMPORARY ART EVENING SALE TOTAL: $343,677,000
85.9% Sold by lot
Artist records: Jasper Johns, Glenn Ligon, Robert Ryman, Jean Dubuffet
Medium records: Glenn Ligon neon, Alexander Calder painting

Contemporary Art has achieved $460,268,000 at Sotheby’s so far this week, including works by Rothko, Diebenkorn and Lucio Fontana from

The Collection of Mrs. Paul Mellon sold last evening for a total of $116.6 million

Tonight’s auction saw a sell through rate of 85.9%, marking the 13th consecutive Evening Sale of Contemporary Art at Sotheby’s New York with a sell-through rate of over 80%

Global participation evident throughout the sale process:

· Works consigned from 12 countries on five continents sought after by participants from 38 countries including nearly 40% from outside the US, and with participation from Latin America and Asia.

The sale was led by Mark Rothko’s No. 21 (Red, Brown, Black and Orange) from The Schlumberger Collection which was sought by five bidders before selling for $44,965,000 to applause:

· The pivotal canvas from 1951 has been in The Schlumberger Collection – the magnificent compendium of Modern and Contemporary masterworks acquired by distinguished collectors and benefactors Pierre and São Schlumberger, for over 40 years and was last seen in public in 1970.

· Other Schlumberger Collection works that performed well included Jean Dubuffet’s Cité Fantoche which set a record for the artist when it sold for $7,445,000 (est. $4/6 million).

Jasper Johns’ 1983 Flag is among the most recognizable works of American Art and sold tonight for $36,005,000 to set a new record for the artist at auction after an extended contest between six bidders (est. $15/20 million):

· Acquired from the artist in 1983, the year it was made, and has remained in the same private collection since.

Top prices for Andy Warhol portraits included:

· Liz #3 (Early Colored Liz) the portrait of Elizabeth Taylor on a distinctive mint background achieved $31,525,000, Brigitte Bardot from the Gunter Sachs Collection sold for $11,645,000, and Self-Portrait (Fright Wig) fetched $11,365,000.

Strong Prices For Abstraction:

· The 1961 Untitled Robert Ryman fetched $15,005,000, doubling the previous record for the artist which has stood since 2006 and several times the $500,000 the work brought when it last appeared at auction in 1988.

· Gerhard Richter’s Abstraktes Bild from 1991 drew multiple bidders to fetch $21,445,000 (est. $15/20 million).

· Christopher Wool’s Halloween Fell on a Weekend from 2004 sells for $8,005,000, to exceed the high estimate.

· An Untitled Cy Twombly work on paper is sought by six bidders before exceeding the high estimate to sell for $5,205,000 to a bidder in the room.






Today's News

November 12, 2014

artnet Auctions offers a selection of Robert Longo prints from his 'Men in the Cities' series

Jasper Johns' Flag fetches $36 million at Sotheby's and sets new auction record

Researchers say baby skeletons hint at death rituals of early people in North America

Patek Philippe gold watch fetches record $21.3 million at Sotheby's auction in Geneva

Christie's second auction in India features one of V.S. Gaitonde's last works

New Arts of the Pacific Gallery brings art and traditions of island cultures to Boston

Cranach portraits of Holy Roman Empire prince and his wife for sale at Bonhams

Guggenheim creates new curatorial position for architecture and digital initiatives

Exhibition of new works by Joseph Montgomery on view at Peter Blum Gallery

Bonhams to offer one of the most significant works of modern Greek art ever to appear at auction

Christie's Hong Kong announces Chinese Paintings Autumn Auctions on 24th and 25th November

European Central Bank picks Italian, Bulgarian, British artists for new headquarters

Warhol image of Ingrid Bergman heads 'Scandinavian Eye Exhibition' in London

'The Voorhees Legacy, in Art: A Place in America' at Zimmerli Art Museum at Rutgers

Morton & Eden to sell only 'Double' distinguished flying cross ever awarded to Indian airman

The Pakistani village that gave its sons to fight for Britain

Art Stage Singapore announces 2015 fair line-up and programme

Garment District Space for Public Art presents exhibition showcasing nine emerging dye artists

Dallas Museum of Art names Cynthia Calabrese Director of Development

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Western artist C.M. Russell's 'Spirited Chase' heads Bonhams' California Paintings auction

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