Record Christie’s Auction

alexander calder sculpture

The auction lots may not have been surreal but the prices most certainly were. The Christie’s post war and contemporary art evening sale on Tuesday made a record $744.9 million. That’s close to a billion dollars worth of art sold in one night! If you combine the Monday and Tuesday sales there was $879,574,000 worth of art sold. An $80+ million Francis Bacon and an $84+ million Barnett Newman were the two most expensive lots to sell. How does one start a hedge fund? I think I’m in the wrong game ;-)

Here’s a few notable sales from the Christie’s auction..

francis bacon paintingFrancis Bacon – Three Studies for a Portrait of John Edwards – Each panel: 78 1/8 x 58¼ in. (198.3 x 148 cm.)
$80,805,000

joan mitchell paintingJoan Mitchel – Untitled – 98 x 80¼ in. (248.9 x 203.8 cm.)
$11,925,000

christopher wool text paintingChristopher Wool – If You – 108 x 72 in. (274.3 x 182.8 cm.)
$23,685,000

jeff koons train sculptureJeff Koons – Jim Beam – J.B. Turner Train – stainless steel and bourbon – 11 x 114 x 6½ in. (27.9 x 289.6 x 16.5 cm.)
$33,765,000

I wonder if billionaire art collectors ever suffer from buyer’s remorse the day after spending $80 million on a painting? How do you explain to your wife that you just bought a $33 million dollar stainless steel train that can also hold a bottle of bourbon? You would think Jeff could have at least made it out of solid gold.

About Dion

Australian artist and observer of things.. all kinds of things. I like a wide variety of art, from the weird and wonderful to the bold and beautiful.. and everything in between.

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