{"id":53992,"date":"2024-05-14T17:46:21","date_gmt":"2024-05-14T21:46:21","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=53992"},"modified":"2024-05-14T17:46:21","modified_gmt":"2024-05-14T21:46:21","slug":"sothebys-new-york-contemporary-evening-sale","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2024\/05\/sothebys-new-york-contemporary-evening-sale\/","title":{"rendered":"Sotheby’s New York Contemporary Evening Sale"},"content":{"rendered":"
\"An<\/a>

Portrait of George Dyer Crouching<\/em> by Francis Bacon<\/p><\/div>\n

This month\u2019s sales at New York\u2019s auction houses had a decent start last night at Sotheby\u2019s with back-to-back contemporary sales. Things started at 6:30 pm with a short sale called The Now, featuring established giants and the best new artists today, or what Sotheby\u2019s called \u201cthe masters of today and tomorrow.\u201d It was a rather successful prelude to the larger Contemporary Evening sale, mostly featuring works by the greats of twentieth-century art like Warhol, Basquiat, and Thiebaud. The expected star of the evening was Francis Bacon\u2019s <\/span>Portrait of George Dyer Crouching<\/span><\/em>. Last November,\u00a0<\/span>Christie\u2019s hosted a 20th Century sale<\/span><\/a>\u00a0that featured another Bacon titled\u00a0<\/span>Figure in Movement<\/span><\/a><\/em>. It\u00a0<\/span>is meant<\/span>\u00a0to be another portrait of George Dyer, Bacon\u2019s friend and lover, who committed suicide in 1971. While Bacon created\u00a0<\/span>Figure in Movement<\/span><\/em>\u00a0after Dyer\u2019s death, the portrait offered at Sotheby\u2019s on Monday night was made at the peak of their relationship in 1966, three years after the two met in London. Though expected to be the sale\u2019s biggest star, the Bacon also turned out to be the sale\u2019s biggest disappointment. With an estimate range of $30 million to $50 million,\u00a0<\/span>Portrait of George Dyer Crouching<\/span><\/em>\u00a0hammered at $24.5 million (or $27.74 million w\/p).<\/span><\/p>\n

Next up was one of the four paintings by the American abstract expressionist giant Joan Mitchell. The four Mitchell works available at Sotheby\u2019s were created at various points in her career, ranging from 1955 to 1989. One of them, entitled\u00a0<\/span>Noon (<\/span><\/em>created in 1969)\u00a0 measures nearly six-and-a-half by eight-and-a-half feet. Sotheby\u2019s specialists noted that Mitchell created <\/span>Noon<\/span><\/em>\u00a0around the same time she moved to V\u00e9theuil, a small town on the River Seine just west of Paris. Claude Monet once lived there\u00a0<\/span>as well<\/span>, featuring the town and the surrounding countryside in many of his works. However, that is not where the connections to Monet end. Art historians have previously investigated the influence that earlier artists like Monet and Matisse had on Mitchell\u2019s work. Her move to V\u00e9theuil seemed to have greatly impacted her use of color and form, with some calling works like\u00a0<\/span>Noon<\/span><\/em>\u00a0\u201ca grand botanical abstraction.\u201d\u00a0<\/span>Noon<\/span><\/em>\u00a0ended up selling for $20.5 million (or $22.6 million w\/p), just slightly above its $20 million high estimate and far above its last selling price of $9.8 million w\/p at Christie\u2019s New York in 2016.<\/span><\/p>\n

\"An<\/a>

Noon<\/em> by Joan Mitchell<\/p><\/div>\n

Finally,\u00a0<\/span>there was<\/span>\u00a0one of the two works by Lucio Fontana featured at the sale.<\/span>\u00a0<\/span>Concetto spaziale, La fine di Dio<\/span><\/em>\u00a0consists of an oval-shaped canvas pierced many times and painted bright yellow. These holes in the canvas and the ragged shapes they sometimes made were Fontana\u2019s attempts to push the boundaries of abstraction at a time when American abstract expressionists like Pollock, Mitchell, Rothko, and Frankenthaler dominated the art world.\u00a0<\/span>Fontana punctured and slashed the canvas\u00a0<\/span>itself<\/span>, creating shapes and textures that were\u00a0<\/span>not possible<\/span>\u00a0with just paint.<\/span>\u00a0The painting is part of his\u00a0<\/span>La fine di Dio<\/span><\/em>\u00a0series, consisting of thirty-eight works made between 1963 and 1964, all with the same egg-like shape. It last sold at Sotheby\u2019s London in 2003 for \u00a31.37 million w\/p (or \u00a32.4 million now). On Monday night, it sold for $19.7 million (or $22.9 million w\/p), becoming the third most valuable Fontana work ever sold at auction.<\/span><\/p>\n

With sales mostly consisting of high-value lots, there are often few surprises. However, Monday night ended with a bang for the final lot, an oil painting by Yayoi Kusama called <\/span>The Pacific Ocean<\/span><\/a><\/em>. Sotheby’s specialists gave it a presale estimate range of $1 million to $1.5 million. Within thirteen seconds of bidding, the Kusama exceeded its high estimate when someone in the telephone bank bid $1.7 million. After one minute and 10 seconds,\u00a0<\/span>the $2.5 million bid was placed<\/span>. The $3 million bid came after two minutes. The bidding\u2019s frequency slowed down after that, but with multiple interested parties, it dragged on. Finally, after\u00a0<\/span>just<\/span>\u00a0under seven minutes of bidding, the hammer came down at $3.8 million (or $4.66 million w\/p), over two-and-a-half times the initial high estimate.<\/span><\/p>\n

\"An<\/a>

Concetto spaziale, La fine di Dio<\/em> by Lucio Fontana<\/p><\/div>\n

In the end, the contemporary evening sale didn\u2019t do too badly. Out of 35 available lots, 17 sold within their estimates, giving Sotheby\u2019s a 49% accuracy rate. Additionally, nine lots (26%) sold below estimate, while six (17%) sold above. A total of three lots (9%) went unsold. The entire sale brought in $201 million (or $234.58 million w\/p), just slightly under the total presale low estimate of $217.6 million the sale might have made within its estimate had the Bacon not sold below estimate. Additionally, one of the three unsold lots was <\/span>a 1984 Richard Diebenkorn painting<\/span><\/a>\u00a0expected to sell for at least $18 million.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

This month\u2019s sales at New York\u2019s auction houses had a decent start last night at Sotheby\u2019s with back-to-back contemporary sales. Things started at 6:30 pm with a short sale called The Now, featuring established giants and the best new artists … More…<\/a><\/p>\n","protected":false},"author":6,"featured_media":53993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[224,189,634,944,197,709,192,751,207,20,15,429,120,11,9,606],"class_list":["post-53992","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-british-art","tag-20th-century-european-art","tag-20th-century-irish-art","tag-20th-century-italian-art","tag-abstract","tag-abstract-art","tag-abstract-expressionism","tag-auction-news","tag-auction-results","tag-comments-on-the-art-market","tag-contemporary-art","tag-modern-art","tag-rehs-contemporary-news","tag-rehs-galleries-news","tag-sothebys"],"yoast_head":"\nSotheby's New York Contemporary Evening Sale - 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