Giacometti Leading The Evening Auction With $25.916 Million, Generating $307 Million In New York On October 28
Follow by the London auctions in last week, on October 28, New York had 4 auctions including Impressionist and Modern Art Evening Sale of Sotheby’s New York, The Legend of the West: Iconic Works from the T. Boone Pickens Collection of Christie’s New York and other two auctions have successfully ended. A total 175 lots were sold for USD $307 million. Impressionist and Modern Art Evening Sale also received "White Glove Sales". Artists like Alberto Giacometti and Vincent Van Gogh had great performance. Now, let's review the shining achievements of the day.
Impressionist & Modern Art Evening Sale of Sotheby's New York
A total 36 lots were presented in this auction, with USD $141 million turnover. Led by Alberto Giacometti. Four pieces sold over 10 million dollar, achieving a white glove sale with 100% sold-by-lot rate.
Top1: Femme Leoni of Alberto Giacometti
Alberto Giacometti is recognized as the most important sculptor of the twentieth century. Femme Leoni, of 1947 is a masterpiece of Giacometti’s post-war artistic production and one of the first tall, static female sculptures. In this evening, collectors from New York, London, and Hong Kong competed to bid, and finally the phone client represented by Yuki Terase, the Head of Contemporary Art in Hong Kong has won the bidding. The work was finally sold for USD $22.60 million with commission fee of USD $25.916 million, making it the most expensive lot in this auction.
Top2: Fleurs Dans Un Verre of Vincent Van Gogh
Fleurs dans un verre belongs to a group of 70 paintings that Vincent Van Gogh completed in his residency in Auvers. The present canvas is now agreed to have been part of the artist's final, dramatic artistic production in this hamlet north of Paris. It was sold for 16 million dollar.
Top3: Il Pomeriggio di Arianna of Giorgio de Chirico
Dating from the pivotal year of 1913, Il Pomeriggio di Arianna is one of only eight canvases that make up Giorgio de Chirico's earliest painted series as well as the genesis of his metaphysical style, a revolution in the history of art which would fundamentally change the modernist identity.
Top4: L'Ovation of Rene Magritte
Conceived on a large scale, L'Ovation is immediately compelling. The wide horizon of the empty seascapes provides a stage-like setting. By confronting these contrasted elements, the artist evokes the essential Surrealist paradigm of questioning the significance and purpose we attribute to various objects and creating new meanings by placing these objects in new and unexpected contexts.
Contemporary Art Evening Auction of Sotheby's New York
Contemporary Art Evening Auction of Sotheby's New York is led by the automotive triptych and a series of works by internationally renowned artists. A total of 39 lots were sold, with sold-by-lot rate of 95.1%. The total turnover reached 142 million dollar, and 36.6% of the works were sold above the estimated price.
Top1: The only true automotive triptych ever produced
The only true automotive triptych ever produced. These masterworks, penned by Franco Scaglione and executed by Turin that pioneered automotive aerodynamics while reasserting the primacy of Italian industrial design. Uniquely in the automotive world, the B.A.T.s are best understood as variations on a singular theme, a complete work in three parts.
Top2: Sumac 17 of Alexander Calder
Dazzling in its brilliant red hue and the refined delicacy of its sculptural composition, Alexander Calder’s Sumac 17 from 1955 comprises the absolute essentials of Calder’s inimitable groundbreaking aesthetic. It was sold with USD $8.30 million.
Top3 &Top5 lots all from Basquiat
These two works created in 1986 are a seminal pair of paintings that, lie at the heart of Basquiat’s artistic practice. From the familiar three-pointed crown, to the iconic copyright symbol, to the searing, skeletal visage, the presenting works showed fascinating dialogue between images and emotions.
Matthew Wong's work became the dark horse with 585% over-low-estimate rate
This Chinese-Canadian artist (1984-2019) had strong performance after his death in last year and attracted much attention from the market. The presented work is considered a new Nabi style (post-impressionism). Like his forebears, he synthesizes stylized representations, bright colors, and mystical themes to create rich, evocative scenes. With only USD $20,000-30,000 estimate price, and was finally sold for USD $1.677 million.
The Legend of the West: Iconic Works from the T. Boone Pickens Collection of Christie’s New York
The Legend of the West: Iconic Works from the T. Boone Pickens Collection of Christie’s New York presented a total of 67 lots and achieved a white glove sale with 100% sold-by-lot rate, and generated a total of 20.285 million dollar. Artists like Frederic Remington, N. C. Wyeth had great performance.
American Art of Christie's New York
The auction include highlights across the genres of the category, from Modernist works by Milton Avery and Charles Demuth to nineteenth-century paintings by Albert Bierstadt and James Buttersworth. A total 33 lots were sold and received 3.7 million dollar with 100% sold-by-lot rate and led by Andrew Wyeth’s work.
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