NEW YORK, NY.- Christies fall Marquee Week concluded Friday, November 22, with a final total of $689 Million across eight 20th and 21st Century Art sales. In total, sales were 87% sold by lot, 92% sold by value, and 123% sold hammer and premium against low estimate. All sales were characterized by lively and spirited bidding and buying from across the globe (regional breakdown of 57% Americas / 29% EMEA / 14% APAC for the three evening sales of the week). Eighteen records were established for a range of established and emerging artists, including the leading highlight, Rene Magritte masterpiece Lempire des lumieres from the collection of Mica Ertegun, which sold for a record-breaking $121.2 Million and established a new benchmark for the Surrealist movement. Enthusiasm and excitement was palpable around the world, with more than two million viewers tuning in to stream the sales on Christies global platforms throughout the week.
Bonnie Brennan, President, Christies Americas, remarked, This season we are so proud to have achieved exceptional results throughout our New York Marquee Week of sales with two extraordinary nights of evening sales, and very strong day sales, demonstrating the appetite for objects of high quality across price bands. We were delighted by the amount of participation coming from collectors in the room, on the phones and online. The weeks success sends a clear signal that the market for artworks of great caliber and provenance is strong across mediums and eras.
Sales commenced Tuesday, November 19 with MICA: THE COLLECTION OF MICA ERTEGUN Part I and the 20th Century Evening Sale realizing a combined $486 Million, selling 83% by lot, 92% by value, and 120% hammer and premium against low estimate. The Collection of Mica Ertegun achieved $184 Million, selling 100% by lot, 100% by value, 132% hammer and premium against low estimate and the 20th Century Evening Sale totaled $302 Million, selling 77% by lot, 88% by value, 114% hammer and premium against low estimate. Christie's set seven records, including the Magritte masterpiece from the collection of Mica Ertegun, as well as Standard Station, Ten-Cent Western Being Torn in Half by Ed Ruscha, top lot of the 20th Century Evening Sale.
Wednesday, November 20, sales continued with MICA: THE COLLECTION OF MICA ERTEGUN Part II, the Impressionist and Modern Works on Paper, and the Impressionist and Modern Art Day Sale. In total, the three sales realized $31 Million. Part II of The Collection of Mica Ertegun achieved $5 Million, selling 100% by lot, 100% by value; the top lot of the sale was Trois personnages debout an exceptional work on paper by Pablo Picasso that sold for $567,000. Impressionist and Modern Works on Paper followed, with a total of $7.4 Million, 90% sold by lot, 89% sold by value, led by Marc Chagalls Ecuyère au bouquet sur un cheval which surpassed its high estimate to achieve $1 million. The final sale of the day, the Impressionist and Modern Art Day Sale totaled $18.4 Million, selling 76% by lot and 79% by value. The top lot of the sale was Baiser, grand modèle, a phenomenal sculpture by Auguste Rodin from an Important Private Collection, which realized $3,438,000.
November 21, the 21st Century Evening Sale took place live in Rockefeller Center. The 42-lot sale saw exceptional results, totaling $106.5 Million. The sale was 100% sold by lot, 100% sold by value, and 142% sold hammer and premium against low estimate. The top lot of the night was an untitled portrait by Jean-Michel Basquiat, which realized $23 Million, setting a record for a work on paper for the artist. Eleven artists in total achieved new artist records during the sale, including six female artists.
Friday, November 22, Marquee Week sales came to a conclusion with Post-War and Contemporary Art Day Sale and Picasso Ceramics online. The Post-War and Contemporary Art Day Sale realized $64.2 Million and was 86% sold by value, 83% sold by lot, and 120% sold hammer and premium against low estimate. The top lot was Flowers by Andy Warhol, which made $2.5 Million.
Picasso Ceramics totaled $1.7 Million, selling 100% by lot, 100% by value, and 254% sold hammer and premium against low estimate. The top lot of the sale was Pablo Picasso's Profil de Jacqueline which nearly doubled its low estimate to achieve a price of $277,200.