Led by $10.6 M. Basquiat, Christie’s Contemporary Sale in London Brings in $80.4 M.
Art Business

Led by $10.6 M. Basquiat, Christie’s Contemporary Sale in London Brings in $80.4 M.

Sigmar Polke’s 1967 dispersion-on-canvas Alpenveilchen/Flowers sold for $6.97 million at Christie’s London. CHRISTIE’S IMAGES LTD. 2019 After a long Frieze Week of auctions and fairs in London, Christie’s staged its postwar and contemporary art evening sale on Friday night, bringing in £65.2 million ($80.4 million) over the course of 41 sold lots. That was a bit of a drop from the same sale last year, which netted the house £84.6 million ($109.5 million at the time) over the course of 45 lots. But if the total haul was off, and if there were none of the fireworks that accompanied the $12.2 million Banksy spectacle last night at the otherwise sleepy Sotheby’s auction (which netted $67.3 million), Christie’s performance on the works that hit the block was at least solid. Only 6 pieces went unsold, for a solid sell-through rate of 87 percent by lot. Jean-Michel Basquiat’s 1982 collage-on-canvas Four Big sold $10.61 million at Christie’s London. CHRISTIE’S IMAGES LTD. 2019 The star of the night was Jean-Michel Basquiat—as he so often is these days. His 1982 painting Four Big , realized across three joined canvases, was estimated at £7.5 million to £9.5 million, and sold for £8.6 million ($10.6 […]

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