NEW YORK, NY.- Christies
continued its Spring 2022 Marquee Week with the Post-War and Contemporary Art Day Sale featuring The Collection of Thomas and Doris Ammann on Friday, May 13 at Rockefeller Plaza in New York. The sale totaled $97 million, bringing the weeks running total to $1.36 billion. The sale consisted of an incredible selection of works spanning the 20th and 21st centuries, and raised a total of $11.3 million for philanthropic initiatives, including an additional $7.3 million for The Thomas and Doris Ammann Foundation, bringing the weeks cumulative total raised for the Foundation to $325.1 million.
The sale was 96% sold by value and 93% sold by lot, selling 151% hammer above low estimate with 17 works selling above $1 million. Bidders and buyers were drawn globally, coming from 41 different countries. The sale was led by two outstanding works by icons painted in the 1960sAndy Warhols Marilyn Monroe (Marilyn) (estimate: $1,500,000-2,500,000), and Wayne Thiebauds Three Ice Cream Cones (estimate: $2,500,000-3,500,000), from the Family of Nina Van Rensselaer. Both works achieved $4,980,000.
Strong performances came from a range of diverse artists, from established icons of the post-war era to contemporary market stars. Highlights included Helen Frankenthalers Crete which sold for $1,620,000 and Frank Stellas Hagmatana I from the Estate of Sondra Gilman which achieved $2,220,000, over triple its low estimate. Weeping Blur by Shara Hughes doubled its high estimate of $600,000 to sell for $1,134,000 and Ernie Barnes Storm Dance sold for $2,340,000, 15 times its high estimate of $150,000.
Christies was pleased to partner with a number of charitable organizations to benefit from this sale:
Artists for Ukraine: Property to Benefit Doctors Without Borders
Art for Vaccines: Property Sold to Benefit CAREs Global COVID-19 Response
From the Studio to Benefit amfAR, The Foundation for AIDS Research
Helping Children Heal: Artwork Donated To Benefit Rxart
Property to Benefit CORE: Community Organized Relief Effort
Property to Benefit the Bronx Museum of the Arts, on the occasion of its 50th Anniversary
Farnsworth Art Museum with Proceeds Dedicated to the Acquisitions Fund
Tim Rollins & K.O.S.
Tom of Finland
Godwin Champs Namuyimba
Andy Warhol Marilyn print set