Sotheby's $101 Million Contemporary Art Day Auction Topped by Thiebaud l 11 New Artist Auction Records
SOTHEBY’S CONTEMPORARY ART DAY AUCTION
TOTALS $101 MILLION IN NEW YORK
Fifth Consecutive Contemporary Day Sale to Achieve More Than $100 Million
87.5% OF LOTS SOLD
20 LOTS EXCEED $1 MILLION
Wayne Thiebaud’s Ripley Street Ridge
Achieves $3.1 Million
On the Artist’s 99th Birthday
Michael Armitage’s The Conservationists
Soars to $1.5 Million,
Over 20x Its $70,000 High Estimate
*Auction Debut and World Auction Record for the Artist*
Joan Mitchell’s Saint Martin la Garenne No. IX
Named for the Picturesque Village in France
Reaches $2.9 Million
Ai Weiwei’s Iconic Sculpture
Circle of Animals/Zodiac Heads
Fetches $2.8 Million
11 WORLD AUCTION RECORDS INCLUDING:
Pedro de Oraa | Alejandro Puente | Michael Armitage | Roy Newell | Maria Luisa Pacheco | Michael Kagan | Lucas Arruda | Invader | Abu Bakaar Mansaray | Elizabeth Murray | Jakub Julian Ziolkowski
Works from the William Louis-Dreyfus Foundation & Family Collections are 100% Sold
Led by Helen Frankenthaler’s Lighthouse Series II
SOTHEBY’S FALL SALES OF THE MARC JACOBS COLLECTION REACH $18.5 MILLION
Today’s Selection Was Led by Urs Fischer’s Monumental Etruscan Paella
* Sale Series Continues in December with Two Dedicated Auctions of Important Design *
NEW YORK, 15 November 2019 – Nicole Schloss, Co-Head of Sotheby’s Day Auctions of Contemporary Art in New York, commented: “Continuing the strong results of this week’s sales, we are so pleased to have once again exceeded the $100 million benchmark for the fifth consecutive Day Sale. Impassioned bidding set the tone of the sale from the first lot by Ruth Asawa, which far surpassed its low estimate by more than eight times. That spirit carried over throughout the sale, as a number of significant new artist auction records were also achieved, and we are especially proud that bidders responded enthusiastically to works by female artists with fantastic results for Joan Mitchell, Elizabeth Murray, Elizabeth Peyton, and many more.”
Max Moore, Co-Head of Sotheby’s Day Auctions of Contemporary Art in New York, said: “Today’s results were a major sign that demand from collectors remains strong at every level of the market. And that was perhaps most evident in the phenomenal bidding for Michael Armitage, who made his auction debut today and achieved an unprecedented result that was beyond our expectations. We are also very pleased to have had the privilege to achieve results on behalf of the Art Gallery of Ontario and the Andy Warhol Museum for works by Helen Frankenthaler and Daniel Arsham, respectively. The proceeds from the sales will support these wonderful institutions continue their vital missions.”
NEW BENCHMARKS FOR CONTEMPORARY ART
A number of works achieved prices that were multiples above their high estimates, including Michael Armitage’s The Conservationists from 2015, which sold to a private Asian collector for $1.5 million following a very competitive bidding battle – more than 20x its $70,000 high estimate and setting the world auction record for the artist. The sale marked the auction debut for Kenyan-born Armitage, who also established a new record for any Kenyan artist at auction. Ruth Asawa’s Untitled (S.422, Hanging Single-Lobed, Three Layers of Spheres) also soared beyond expectations, achieving $1.2 million, more than 6x its high estimate, and works by Charles Gaines, Claes Oldenberg, Joan Mitchell, Eddie Martinez and Elizabeth Peyton, among others, all achieved significant prices more than 5x their low estimates.
Ripley Street Ridge
Estimate $1.5/2 million
Sold for $3.3 million
Following last night’s record-breaking sale of Wayne Thiebaud’s Encased Cakes in our Contemporary Art Evening Auction, today’s offering was led by the artist’s Ripley Street Ridge, achieving $3.3 million this morning on the artist’s 99th birthday. Recognized as one of America’s most celebrated artists for his paintings of sweets, delicatessen counters and cityscapes, Thiebaud’s Ripley Street Ridge from 1976 was executed four years after the artist’s move to San Francisco. The work captures the post-war landscape of the city, marking a significant shift from the still-life and figurative subjects he primarily painted in the 1960s and early 1970s.
Saint Martin la Garenne No. IX
Estimate $1/1.5 million
Sold for $2.9 million
Named for the picturesque village of Saint Martin la Garenne, just minutes from Joan Mitchell’s Vétheuil home, Saint Martin la Garenne No. IX is a celebration of the rich sensory engagement with nature and memory which forms Mitchell’s highly regarded oeuvre. After leaving Paris to settle in the idyllic French countryside, Mitchell revisited the quaint town of Saint Martin la Garenne as the inspiration for multiple paintings, including the present example. Rather than paint exactly what she saw, Mitchell relied on emotions evoked by her lush gardens, the everchanging beauty of the Seine, the changing seasons, and the unique feel of villages surrounding her home atop the hill.
Circle of Animals/Zodiac Heads
Estimate $2.5/3.5 million
Sold for $2.8 million
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