Led by Basquiat and Modigliani, Christie’s Contemporary Art Sales Rake in $422 Million

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Not bad for a chilly weeknight in November.

The sale did have its moments. Works by Eva Gonzalès, Paul Sérusier, and Émile Bernard set artists’ records during the first sale as did five artists in the 21st century sale, including Noah Davis, Rashid Johnson, and Njideka Akunyili Crosby. Eight works sold for $10 million. With three sales left to go at Christie’s, these last two weeks have already sold an eyebrow-raising $2 billion worth of art.

The Modigliani was followed by an equally sophisticated image of a woman’s face, a print of Man Ray’s 1926 photograph of Kiki de Montparnasse, her head laying prone on a table, eyes closed, and holding an African mask in her hand. The picture hammered for $3.3 million, just over $4 million with fees, which makes it the third-most expensive photograph to sell at auction. The other two—another Man Ray and an Edward Steichen—were also sold by Christie’s this year.

“I would give it an A-minus,” Maclean said, “but the difference between an A-plus and an A-minus can be $20 million… sometimes a great deal more.”Arguably the most exciting point of the first sale came when two floor bidders, the ASOM Collection director Ekareeina Klim and art advisor Gabi Palmieri, outbid each other multiple times for Morris Louis’s . The bidding started at $2.

 

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