warhol selfportrait nets record 384 million
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Warhol self-portrait nets record $38.4 million

Arab Today, arab today

Arab Today, arab today Warhol self-portrait nets record $38.4 million

NEW YORK - AFP

A blue canvas self-portrait by Pop Art king Andy Warhol fetched a record $38.4 million in a tense two-way bidding war at Christie's in New York Wednesday. The 1963-1964 work, which shows Warhol wearing sunglasses in four panels, was the star of a brisk contemporary art sale that saw the auction power house leave arch-rival Sotheby's in its tracks. Total sales hit $301.7 million, just over the high pre-sale total estimate of $299 million, and far above the $128 million netted at Sotheby's in its own contemporary art sale on Tuesday. Christie's said the Warhol set a record for a self-portrait by the still hugely lucrative artist, who died in 1987. Pre-sale estimates for the work ranged between $20-30 million, but bidding burst those barriers in a dramatic contest between a phone bidder and a bidder present in the Manhattan auction room. Bids shot up in increments of half a million dollars, then a quarter of a million and then, as the competitors dug in, by just $100,000 a time, drawing laughter from the well-heeled crowd. As the struggle limped on, passing the $30 million mark, Christie's auctioneer quipped: "Longest lot in history." When the phone bidder finally prevailed, applause erupted. Another Warhol self-portrait, this time showing the wild-haired artist in diabolical red against a dark background, sold for $27.5 million, a hefty but relatively disappointing performance that fell below the $30 million low pre-sale estimate. Other big sellers included an untitled oil by Mark Rothko, selling for $33.7 million, well above the $22 million high pre-sale estimate. "Three Studies for Self-Portrait" by Francis Bacon sold for $25.3 million. The evening sale had a buzz distinctly lacking on Tuesday at rival Sotheby's contemporary art auction. There, Andy Warhol canvas "Sixteen Jackies" sold for $20.4 million, at the low end of the pre-sale estimate. Jeff Koons' "Pink Panther," a porcelain sculpture of a topless blonde hugging the famous cartoon character, sold for $16.8 million. That was far below the estimate of $20-30 million. Warhols also dominated the Sotheby's top sellers, with "Shadow - Red" selling for 4.8 million, far above the estimate of $700-900,000 and "Round Jackie" fetching $3.7 million, compared to the pre-sale estimate of $3-4 million. Christie's had a much smoother ride, hitting the biggest haul for an evening sale since May 2008. Of 65 lots offered, 95 percent sold, with 38 lots selling for more than $1 million, five for more than $10 million and four for over $20 million. The previous record for a self-portrait by Warhol, $32.6 million, dated to May 2010. Brett Gorvy, international co-head of post-war and contemporary art at Christie's, said it was "one of the best sales we've ever had." "After last night there was a certain degree of caution," he said. "Ultimately to see a sale so successful... is just indicative of a market that is really pursuing quality."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

warhol selfportrait nets record 384 million warhol selfportrait nets record 384 million

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

warhol selfportrait nets record 384 million warhol selfportrait nets record 384 million

 



GMT 23:45 2017 Tuesday ,17 October

Kerry calls for Syrian, Arab ground troops against IS

GMT 03:38 2017 Wednesday ,22 March

Somalia's new president names 26-minister cabinet

GMT 19:39 2017 Wednesday ,18 October

Gatland eyes New Zealand rugby jobs after Wales

GMT 12:08 2017 Saturday ,16 September

Dutch 360-degree beachfront painting gets public facelift

GMT 05:16 2016 Wednesday ,15 June

Scientists use underwater robots

GMT 02:41 2017 Sunday ,16 April

Pentagon confirms DPRK missile launch fails

GMT 18:00 2011 Thursday ,12 May

Attack on Celtic manager sparks inquiry

GMT 10:40 2017 Saturday ,30 September

Trump says to decide Fed chair in 2, 3 weeks

GMT 01:10 2017 Monday ,10 July

Islamic social media to be launched by year end

GMT 13:17 2016 Monday ,08 February

Russia shuts down 2 more banks

GMT 07:19 2017 Sunday ,31 December

Nepal bans solo climbers from Everest

GMT 10:48 2014 Saturday ,22 March

Parata launches new digital education portal

GMT 17:47 2017 Tuesday ,18 April

Saudi Shoura member in favor of women driving

GMT 19:07 2011 Tuesday ,19 April

Electric cars: night-time charging better
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday