{"id":47530,"date":"2023-05-15T15:26:40","date_gmt":"2023-05-15T19:26:40","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=47530"},"modified":"2023-05-15T15:26:40","modified_gmt":"2023-05-15T19:26:40","slug":"christies-newhouse-collection","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2023\/05\/christies-newhouse-collection\/","title":{"rendered":"Christie&#8217;s Newhouse Collection"},"content":{"rendered":"<div id=\"attachment_47532\" style=\"width: 265px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.51-AM.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-47532\" class=\"wp-image-47532 size-medium\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.51-AM-255x300.png\" alt=\"An abstract, bust-length self-portrait of the artist Francis Bacon, showing him in a beige coat against a blue background. His face is contorted and colored with shades of red and purple.\" width=\"255\" height=\"300\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.51-AM-255x300.png 255w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.51-AM-870x1024.png 870w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.51-AM-768x904.png 768w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.51-AM.png 992w\" sizes=\"(max-width: 255px) 100vw, 255px\" \/><\/a><p id=\"caption-attachment-47532\" class=\"wp-caption-text\"><em>Self-Portrait<\/em> by Francis Bacon<\/p><\/div>\n<p><span data-preserver-spaces=\"true\">On Thursday, May 11th, Christie\u2019s New York held some of the biggest sales so far this year. Before they could start their 20th Century evening sale, they first offered the works from the S.I. Newhouse collection. Samuel Irving Newhouse, Jr. was a media magnate who co-owned Advance Publications, the parent company of magazines such as\u00a0<\/span><em><span data-preserver-spaces=\"true\">Bon App\u00e9tit<\/span><\/em><span data-preserver-spaces=\"true\">,\u00a0<\/span><em><span data-preserver-spaces=\"true\">GQ<\/span><\/em><span data-preserver-spaces=\"true\">,\u00a0<\/span><em><span data-preserver-spaces=\"true\">The New Yorker<\/span><\/em><span data-preserver-spaces=\"true\">,\u00a0<\/span><em><span data-preserver-spaces=\"true\">Vanity Fair<\/span><\/em><span data-preserver-spaces=\"true\">, and\u00a0<\/span><em><span data-preserver-spaces=\"true\">Vogue<\/span><\/em><span data-preserver-spaces=\"true\">. This sale consisted of sixteen paintings by many of the great masters of the twentieth century. Though not expected to be the top lot, a self-portrait by Francis Bacon became the sale&#8217;s star. Created around 1969, it\u2019s a small work, only 14 by 12 inches, but it is incredibly striking and typical of Bacon\u2019s beautifully grotesque style. It was previously in the collection of Bacon\u2019s friend and dealer Valerie Beston, and it last sold at Christie\u2019s London for a hammer of \u00a34.6M. Bacon\u2019s self-portrait surpassed its $28M high estimate, with the hammer coming down at $29.75M (or $34.6M w\/p).<\/span><\/p>\n<div id=\"attachment_47531\" style=\"width: 337px\" class=\"wp-caption alignright\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.37-AM.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-47531\" class=\"wp-image-47531 \" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.37-AM-300x201.png\" alt=\"A black-and-white abstract painting with large, swirling black figures, with some that look like letters.\" width=\"327\" height=\"219\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.37-AM-300x201.png 300w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.37-AM-1024x684.png 1024w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.37-AM-768x513.png 768w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.37-AM-1536x1027.png 1536w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-6.24.37-AM.png 1592w\" sizes=\"(max-width: 327px) 100vw, 327px\" \/><\/a><p id=\"caption-attachment-47531\" class=\"wp-caption-text\"><em>Orestes<\/em> by Willem de Kooning<\/p><\/div>\n<p><span data-preserver-spaces=\"true\">Behind the Bacon portrait was the sale\u2019s final lot, Willem de Kooning\u2019s\u00a0<\/span><em><span data-preserver-spaces=\"true\">Orestes<\/span><\/em><span data-preserver-spaces=\"true\">. This is a work from early in De Kooning\u2019s career as a purely abstract painter, experimenting with a series of black-and-white works throughout the late 1940s. It was part of De Kooning\u2019s first-ever solo show at the Egan Gallery in New York in 1948. <\/span><em><span data-preserver-spaces=\"true\">Orestes<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0was last sold at auction at Sotheby\u2019s New York in 2002 for $12M hammer, and was included in the popular 2011-12 retrospective at New York\u2019s Museum of Modern Art. Sotheby\u2019s specialists estimated it would sell in excess of $25M, and it ended up selling for $26.5M (or $30.89M w\/p). Finally, Sotheby\u2019s experts originally predicted that Picasso\u2019s abstract portrait\u00a0<\/span><em><span data-preserver-spaces=\"true\">L\u2019Arl\u00e9sienne<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0would be the sale\u2019s top lot, assigning it a $20M to $30M estimate range. The subject is Lee Miller, a photojournalist who, only a few years after Picasso created this portrait, served as a\u00a0<\/span><em><span data-preserver-spaces=\"true\">Vogue<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0correspondent in Europe for much of the Second World War. The title, referring to a woman from Arles, refers to Miller\u2019s first encounter with Picasso, since they first met while both on vacation on the French Riviera. Picasso would create six other portraits of Miller in 1937, but the one offered at Christie\u2019s on Thursday is one of the only ones the artist kept for himself. L\u2019Arl\u00e9sienne eventually sold for $21M (or $24.56M w\/p) against an estimate range of $20M to $30M.<\/span><\/p>\n<div id=\"attachment_47533\" style=\"width: 244px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-7.18.16-AM.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-47533\" class=\"wp-image-47533\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-7.18.16-AM-245x300.png\" alt=\"A colorful, abstract portrait of a woman against a yellow and brown background.\" width=\"234\" height=\"287\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-7.18.16-AM-245x300.png 245w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-7.18.16-AM-838x1024.png 838w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-7.18.16-AM-768x939.png 768w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-12-at-7.18.16-AM.png 1062w\" sizes=\"(max-width: 234px) 100vw, 234px\" \/><\/a><p id=\"caption-attachment-47533\" class=\"wp-caption-text\"><em>L&#8217;Arl\u00e9sienne<\/em> by Pablo Picasso<\/p><\/div>\n<p><span data-preserver-spaces=\"true\">There are often not many surprises in a sale with so few lots, and with those lots having very high estimates. However, one work sold for exactly double its $1.5M high estimate.\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.christies.com\/media-library\/images\/features\/articles\/2023\/05\/newhouse-announcement\/lucian-freud-newhouse-announcement-2400.jpg?w=780\" target=\"_blank\" rel=\"noopener\"><em><span data-preserver-spaces=\"true\">After Chardin<\/span><\/em><\/a><span data-preserver-spaces=\"true\">\u00a0by Lucian Freud was created in 1999, and serves as a sort of homage to one of Western painting\u2019s great masters. The work is Freud\u2019s version of\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/a\/a7\/Jean_Sim%C3%A9on_Chardin_-_The_Young_Schoolmistress_-_WGA04750.jpg\/1200px-Jean_Sim%C3%A9on_Chardin_-_The_Young_Schoolmistress_-_WGA04750.jpg\" target=\"_blank\" rel=\"noopener\"><em><span data-preserver-spaces=\"true\">The Young Schoolmistress<\/span><\/em><\/a><span data-preserver-spaces=\"true\">\u00a0by the eighteenth-century French still-life master Jean Sim\u00e9on Chardin. This is not unusual for Freud, recreating older works while adding a few of his own personal stylistic touches. Throughout his career, Freud created his own versions of\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.christies.com\/img\/LotImages\/2022\/NYR\/2022_NYR_22010_0034_000(lucian_freud_large_interior_w11100236).jpg?mode=max\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Jean-Antoine Watteau<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0and\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/framemark.vam.ac.uk\/collections\/2006BH4750\/full\/735,\/0\/default.jpg\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">John Constable&#8217;s<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0works.\u00a0<\/span><em><span data-preserver-spaces=\"true\">After Chardin<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0eventually sold for $3M (or $3.8M w\/p). But while I normally write about surprises in terms of pieces that sold for much higher amounts than expected, there was a surprise of the opposite kind. Roy Lichtenstein is best known for\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/rehs.com\/eng\/2023\/04\/roy-lichtenstein-pioneer-or-plagiarist\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">\u201cappropriating\u201d<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0the works of twentieth-century comic and commercial artists. However, some of his works also reach as far back as the impressionists. I didn&#8217;t think much of it when I saw\u00a0<\/span><em><span data-preserver-spaces=\"true\">Rouen Cathedral<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0through my laptop\u2019s screen. But it grew on me when I visited Christie\u2019s and viewed the work in person. It\u2019s a triptych made with oil paint and acrylic resin on canvas, each segment measuring 63 by 42 inches. The images can only be seen from a distance, with the individual dots of paint creating a clear image of the front door of Rouen Cathedral. I recognized the image almost instantly because it is based on the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/fahrenheitmagazine.b-cdn.net\/sites\/default\/files\/styles\/xl\/public\/field\/image\/serie_catedral_de_rouen.jpg\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">over thirty paintings<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0Claude Monet created of the cathedral in 1892 and 1893. The Lichtenstein version became one of my favorite lots in the sale, but unfortunately sold far under its estimate. Christie\u2019s specialists assigned a $18M to $22M range, but there was insufficient interest on Thursday evening. The hammer came down only at $13M (or $15.36M w\/p), about 28% below what was expected.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Newhouse Collection sale was an incredible prelude to the equally incredible 20th Century sale. Four of the sixteen lots sold within their estimates, giving Christie\u2019s specialists a 25% accuracy rate. Another six lots (38%) sold below estimate, while six sold above. No lots went unsold. Estimated to bring in no less than $140.6M, the sixteen lots offered brought in a total of $150.4M.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, May 11th, Christie\u2019s New York held some of the biggest sales so far this year. Before they could start their 20th Century evening sale, they first offered the works from the S.I. Newhouse collection. Samuel Irving Newhouse, Jr. &hellip; <a href=\"https:\/\/rehs.com\/eng\/2023\/05\/christies-newhouse-collection\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":6,"featured_media":47532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[224,634,709,192,751,207,20,416,15,724,120,11,9],"class_list":["post-47530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","category-rehs-contemporary","tag-20th-century-american-art","tag-20th-century-european-art","tag-abstract","tag-abstract-art","tag-abstract-expressionism","tag-auction-news","tag-auction-results","tag-christies","tag-comments-on-the-art-market","tag-jeff-koons","tag-modern-art","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>Christie&#039;s Newhouse Collection - Rehs Galleries<\/title>\n<meta name=\"description\" content=\"On May 11th, Christie&#039;s New York hosted the sale of the S.I. 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