NEW YORK, NY.- Seven artists achieved new sales benchmarks at Christies Contemporary Art sale in New York on Monday night, including Simone Leigh, a star of the 2022 Venice Biennale, and Robin F. Williams, a figurative painter still in her 30s.
Lively bidding from inside the sale room at Christies helped the auction house sell nearly $99 million worth of paintings and sculptures, with buyers fees. Experts said the gains were evidence of a growing preference among collectors for younger and more diverse artists than the market typically shows during one of its biggest sales weeks of the year.
Interest in female figurative painters who are not necessarily household names is rising for artists like Danielle McKinney, Rebecca Ackroyd and Williams. Reviewing Williams show of paintings at P.P.O.W. in 2017, Roberta Smith wrote in The New York Times that she was extravagantly in-your-face regarding execution, style, image and social thrust. They take aim at the impossible idealizations of women in both art and advertising, with what she called a new kind of cool yet visceral bravura.
For artists like Ackroyd, it was also an auction debut one that saw the painters Garden Tender painting of studded leather belts strapped around a womans chest sell for more than double its estimate at $56,700, with buyers fees. Lower estimates helped propel prices.
More established artists like sculptor Simone Leigh also made their mark. Leighs 2019 bronze work, called Stick, sold for $2.7 million with fees. It was a benchmark for the artist, who represented the United States in the 2022 Venice Biennale. Diane Arbus, one of the most original American photographers, who died in 1971, reached a high of $1 million for a box of 10 photographs.
Ghanaian sculptor El Anatsui also achieved a sales high with an installation called Prophet made from bottle caps that were interwoven with copper wire. The assemblage fetched nearly $2.2 million with fees, more than double its high estimate.
Christies is thrilled to have achieved a fantastic result in the first-ever evening sale that was majority female, said Isabella Lauria, who led the 21st Century evening sale at Christies. The company sold nearly all of its 26 lots, although one was withdrawn before the sale. (A similar sale in November of 35 lots brought in $114 million.)
Auction houses used to shy away from untested art, especially in evening sales, said Natasha Degen, chair of art market studies at the Fashion Institute of Technology, who said she thinks that tastes are changing. Of the 26 lots, eight almost a third were by artists born in either the 80s or 90s. Seven over a quarter were made in 2019 or after.
The engaged bidding was a change of pace after the companys lackluster opening to the spring sales season last week. Solid sales but few fireworks for 16 paintings from the collection of Condé Nasts former chair, S.I. Newhouse, had left the industry wondering if the market was cooling after the speculative fever of the past couple of years that reached its height during the $1.5 billion sale for art owned by Microsoft co-founder Paul Allen in November.
The most glaring thing to me is that several of the artists who were at the center of the most heated bidding wars in these same auctions five years ago have now become kind of solidly, boringly blue-chip to bidders, said Tim Schneider, an art business editor at Artnet News who followed the sale. A Mark Bradford hammering $400,000 below its low estimate? A Rashid Johnson hammering right at its low estimate? Millionaires were practically punching each other in the mouth to pay above the high estimate for these artists in May 2018.
But some blue-chip artists, like Jean-Michel Basquiat, still found an audience. Experts said Basquiats 1983 painting El Gran Espectaculo (The Nile) known as History of the Black People exemplified his penchant for history paintings. It sold for more than $67.1 million after buyers fees, making it the fourth most expensive work by the artist that has been sold at auction. (The top work, an untitled 1982 painting, sold for $110.5 million at Sothebys in 2017.)
But an interest for younger and more diverse artists was obvious.
Historically even the women who do the best in the market tended to be super consolidated around a couple of popular names, Degen pointed out. But its no longer just Georgia OKeeffe and Louise Bourgeois.
This article originally appeared in
The New York Times.