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A Record-Breaking $107.9 Million Contemporary Art Day Auction at Sotheby's

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    A Record-Breaking $107.9 Million Contemporary Art Day Auction at Sotheby's
    20.05.2018

HIGHEST TOTAL FOR A DAY AUCTION OF CONTEMPORARY ART AT SOTHEBY’S – Total $107.9 Million – – 87.4% Sold – 30 WORLD AUCTION RECORDS, INCLUDING: Helen Frankenthaler | Alex Katz | Kehinde Wiley | Gabriel Orozco Wolfgang Tillmans Work on Paper | Kerry James Marshall Work on Paper 23 LOTS OVER $1 MILLION Led by Mark Tansey’s $3.1 Million Study for Push/Pull

NEW YORK, 17 May 2018 – Records fell across Sotheby’s $107.9 million Day Auction of Contemporary Art in New York – the highest total for this sale in Sotheby’s history, which set 30 benchmark prices for artists including Helen Frankenthaler, Alex Katz, Kehinde Wiley and Gabriel Orozco. A staggering 23 lots exceeded $1 million throughout the 10-hour sale.

Courtney Kremers, Head of Sotheby’s Contemporary Art Day Auction, New York, commented: “Following the tremendous results of yesterday’s Evening Auction, we are elated to have reached new heights for Sotheby’s Contemporary Art Day Auctions. In addition to surpassing a decades-long record for a Day Auction, today’s sale attracted a flurry of activity across the board – from the wonderful works donated by artists to benefit the Studio Museum in Harlem to the significant prices for artists like Mark Tansey, Alex Katz, Fernando Botero and Julie Mehretu.”

Mark Tansey, who established a new auction record last night for Source of the Loue, led today’s offerings with Study for Push/Pull. Carrying a pre-sale estimate of $1.5/2 million, the highly-detailed work of art achieved an outstanding price of $3.1 million.

Helen Frankenthaler led today’s record-breaking artists with Blue Reach, an awe-inspiring panoramic work that stretches nearly 15 feet in length. Flying past its pre-sale estimate of $1/1.5 million, this rare large-format monochromatic work set a new auction record for the artist with its final price of $3,015,000. Alex Katz’s The Light I, a large-scale work by the artist, also surpassed the artist’s record at auction, set at Sotheby’s New York over a decade ago; estimated at $300/500,000, the painting fetched $951,000.

Kerry James Marshall continued to realize exceptional results, with all five works by the artist in today’s Day Auction sold. The group was led by Lost Boys: AKA Black Al from a private West Coast collection. Carrying a pre-sale estimate of $500/700,000, the painting sold to a bidder in the room for $2.7 million. Moments later, Study for ‘Slow Dance’ – a rare glimpse into Marshall’s creative process – attained a new auction record for a work on paper by the artist when the ink, gouache and graphite on paper achieved $362,500; two hours later, two bidders again bested Kerry James Marshall’s record for a work on paper when Untitled (Stono Drawing) soared past its pre-sale estimate and realized $435,000.

Throughout the spring, an intergenerational group of 42 prominent artists with close ties to the mission and history of The Studio Museum in Harlem have donated important works for auction at Sotheby's. Full proceeds from the sales of their works will support the campaign to construct the museum’s new home on 125th Street. Further background available at sothebys.com/studiomuseum.

Following the selection of five works that electrified yesterday’s Evening Auction, an additional 37 donated works were sold today, raising the group’s overall auction total to $20.2 million – double the overall high estimate, with 100% of the lots sold and a staggering 24 new auction records established in the process. In addition to the record for Njideka Akunyili Crosby set last night, the Day Auction added new benchmarks for Kehinde Wiley, Rashid Johnson, Theaster Gates, Lorna Simpson and more. Today’s offering was led by Gates’s Stars Over Harlem, a work created from fire hose and wood in 2015 that achieved $459,000 (estimate $250/350,000).






  • 20.05.2018
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    Sotheby’s Auktionshaus »

    PUBLIC EXHIBITION OPENS THIS SATURDAY IN NEW YORK * Auction 23 May *



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  • Lot 433 Mark Tansey Study For Push/Pull signed and dated 03; signed, titled and dated 2003 on the reverse oil on canvas 48 by 56 in. 121.9 by 142.2 cm. Estimate $1.5/2 million Sold for $3,135,000
    Lot 433 Mark Tansey Study For Push/Pull signed and dated 03; signed, titled and dated 2003 on the reverse oil on canvas 48 by 56 in. 121.9 by 142.2 cm. Estimate $1.5/2 million Sold for $3,135,000
    Sotheby’s Auktionshaus
  • Lot 113 Helen Frankenthaler Blue Reach  signed; signed and dated 1978 on the reverse acrylic on canvas  71 by 177 1/2 in. 180.3 by 450.9 cm. Estimate $1/1.5 million Sold for $3,015,000 RECORD FOR THE ARTIST AT AUCTION
    Lot 113 Helen Frankenthaler Blue Reach signed; signed and dated 1978 on the reverse acrylic on canvas 71 by 177 1/2 in. 180.3 by 450.9 cm. Estimate $1/1.5 million Sold for $3,015,000 RECORD FOR THE ARTIST AT AUCTION
    Sotheby’s Auktionshaus
  • Lot 401 Three Important Works By Kerry James Marshall From A Private West Coast Collection Kerry James Marshall Lost Boys: Aka Black AL titled incorrectly on the reverse acrylic on canvas and canvas collage mounted to board 29 by 29 in. 73.7 by 73.7 cm. Executed in 1993.  Estimate $500/700,000 Sold for $2,655,000
    Lot 401 Three Important Works By Kerry James Marshall From A Private West Coast Collection Kerry James Marshall Lost Boys: Aka Black AL titled incorrectly on the reverse acrylic on canvas and canvas collage mounted to board 29 by 29 in. 73.7 by 73.7 cm. Executed in 1993. Estimate $500/700,000 Sold for $2,655,000
    Sotheby’s Auktionshaus
  • Lot 120 Joan Mitchell Untitled oil on canvas 63 3/4 by 44 3/4 in. 169.5 by 113.7 cm. Executed circa 1964 Estimate $1.8/2.5 million Sold for $2,535,000
    Lot 120 Joan Mitchell Untitled oil on canvas 63 3/4 by 44 3/4 in. 169.5 by 113.7 cm. Executed circa 1964 Estimate $1.8/2.5 million Sold for $2,535,000
    Sotheby’s Auktionshaus
  • Lot 421 Yayoi Kusama Nets - Obsession [Opr] signed, titled and dated 2003 on the reverse acrylic on canvas 76 3/8 by 102 in. 194 by 259 cm. Estimate $1.2/1.8 million Sold for $2,535,000
    Lot 421 Yayoi Kusama Nets - Obsession [Opr] signed, titled and dated 2003 on the reverse acrylic on canvas 76 3/8 by 102 in. 194 by 259 cm. Estimate $1.2/1.8 million Sold for $2,535,000
    Sotheby’s Auktionshaus
  • Lot 424 A Diversity Of Voices: Property From A Prominent Midwest Collection Julie Mehretu UNTITLED 2 signed and dated 1999 on the reverse ink and polymer on canvas mounted to board  59 3/4 by 71 3/4 in. 151.8 by 182.2 cm. Estimate $1/1.5 million Sold for $2,535,000
    Lot 424 A Diversity Of Voices: Property From A Prominent Midwest Collection Julie Mehretu UNTITLED 2 signed and dated 1999 on the reverse ink and polymer on canvas mounted to board 59 3/4 by 71 3/4 in. 151.8 by 182.2 cm. Estimate $1/1.5 million Sold for $2,535,000
    Sotheby’s Auktionshaus
  • Lot 446 Fernando Botero Dancers stamped with the artist's signature and number E.A. 1/2 on the base bronze 117 3/8 by 74 3/4 by 48 in. 298 by 190 by 122 cm. Executed in 2012, this work is artist's proof number 1 from an edition of 3, plus 2 artist's proofs. Estimate $1.5/2 million Sold for $2,475,000
    Lot 446 Fernando Botero Dancers stamped with the artist's signature and number E.A. 1/2 on the base bronze 117 3/8 by 74 3/4 by 48 in. 298 by 190 by 122 cm. Executed in 2012, this work is artist's proof number 1 from an edition of 3, plus 2 artist's proofs. Estimate $1.5/2 million Sold for $2,475,000
    Sotheby’s Auktionshaus
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