{"id":26589,"date":"2017-05-18T09:27:46","date_gmt":"2017-05-18T13:27:46","guid":{"rendered":"https:\/\/rehs.com\/blog\/?p=26589"},"modified":"2019-02-28T21:54:11","modified_gmt":"2019-03-01T02:54:11","slug":"post-war-and-contemporary-nice-job","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2017\/05\/post-war-and-contemporary-nice-job\/","title":{"rendered":"Post-War and Contemporary &#8212; Nice Job!"},"content":{"rendered":"<div style=\"width: 237px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.artnews.com\/2017\/05\/17\/christies-soars-with-airtight-high-grossing-448-1-m-post-war-and-contemporary-sale-selling-52-9-m-twombly-51-8-m-bacon\/\"><img decoding=\"async\" alt=\"05-17_NYAuc_C-PWC_2-1024x914\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2017\/05\/05-17_NYAuc_C-PWC_2-1024x914.jpg\" width=\"227\" height=\"203\" \/><\/a><p class=\"wp-caption-text\">Twombly &#8220;Leda and the Swan&#8221;<\/p><\/div>\n<p>Many may have thought that yesterday&#8217;s\u00a0stock market&#8217;s drop of over 370 points would have a chilling effect on the art market; however, last night&#8217;s sale of Postwar and Contemporary art at Christie&#8217;s proved that those with money still believe in this market. The first 41 lots offered all found buyers and it wasn&#8217;t until\u00a0a Steven Parrino\u00a0appeared that they had their first of just 3 failures (the other 2 were by Ruby and Picasso &#8212; still not sure why you would offer a Picasso in this sale) &#8230; and those 3 lots turned out to be\u00a0just tiny\u00a0blips on the evening&#8217;s BIG screen.<\/p>\n<p>&nbsp;<\/p>\n<p>By the end of the night we saw\u00a071 lots offered, of which 68 found buyers (96%), and\u00a0a total take of $448.1M &#8230; pretty impressive given what is going on in the world today. \u00a0The top sellers were Twombly&#8217;s <em>Leda and the Swan<\/em> at $47M ($52.9M with commissions, est. $35-55M) and Francis Bacon&#8217;s\u00a0<em>Three Studies for a Portrait of George Dyer<\/em> which hammered down at $46M ($51.8M &#8230; they were expecting about $50M).<\/p>\n<p>Tonight we may have another action packed sale with a Basquiat that is expected to sell for $60M! \u00a0Below are links to a couple of news reports about\u00a0last night&#8217;s\u00a0auction action.<\/p>\n<p>Source: <em><a href=\"http:\/\/www.artnews.com\/2017\/05\/17\/christies-soars-with-airtight-high-grossing-448-1-m-post-war-and-contemporary-sale-selling-52-9-m-twombly-51-8-m-bacon\/\" target=\"_blank\">Christie\u2019s Soars With Airtight, High-Grossing $448.1 M. Postwar and Contemporary Sale, Selling $52.9 M. Twombly, $51.8 M. Bacon | ARTnews<\/a><\/em><\/p>\n<p>Source:\u00a0<em><a href=\"https:\/\/www.wsj.com\/articles\/christies-sale-soars-as-collectors-sink-fortunes-into-art-1495076391\" target=\"_blank\">Christie\u2019s Sale Soars as Collectors Sink Fortunes Into Art<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many may have thought that yesterday&#8217;s\u00a0stock market&#8217;s drop of over 370 points would have a chilling effect on the art market; however, last night&#8217;s sale of Postwar and Contemporary art at Christie&#8217;s proved that those with money still believe in &hellip; <a href=\"https:\/\/rehs.com\/eng\/2017\/05\/post-war-and-contemporary-nice-job\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":21,"featured_media":26590,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[207,20,11,9],"class_list":["post-26589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","category-rehs-contemporary","tag-auction-news","tag-auction-results","tag-rehs-contemporary-news","tag-rehs-galleries-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Post-War and Contemporary - Nice Job! - Rehs Galleries<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2017\/05\/post-war-and-contemporary-nice-job\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Post-War and Contemporary -- Nice Job!\" \/>\n<meta property=\"og:description\" content=\"Many may have thought that yesterday&#8217;s\u00a0stock market&#8217;s drop of over 370 points would have a chilling effect on the art market; however, last night&#8217;s sale of Postwar and Contemporary art at Christie&#8217;s proved that those with money still believe in &hellip; More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2017\/05\/post-war-and-contemporary-nice-job\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/howard.rehs\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-18T13:27:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-01T02:54:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2017\/05\/05-17_NYAuc_C-PWC_2-1024x914.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"914\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Howard L. 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