60 Lots; 212-pages; Index. Collectors knew exactly what they wanted, and over 50% of Sotheby's evening offerings sold above estimates, for a total $42,527,725.
The house was full. The action was swift. By 8:20 p.m., the happy crowd was on its way to dinner. In a brief hour and 20 minutes specialist Tobias Meyer, the evening's auctioneer, sold 51 of the catalog's 61 lots. "It was a fast, orderly sale. No drama. All business," he said afterward, indicating that private collectors, especially Americans, did most of the buying.
Half of the top ten lots were Warhol. From his "Death and Disaster" series, the orange and black car crash, Five Deaths, 1963, sold for $3,749,500 (includes buyer's premium), his highest price at Sotheby's. Featured as the catalog cover, Self-Portrait, 1986, in hot yellow and black, brought $3,089,500 from an Asian collector. Three phones lost Superman, 1981, to a private American collector in the room who won with $1,769,500. A private European buyer spent $1,879,500 for a black-and-white Four Jackies, 1964, of Mrs. Kennedy at the President's funeral. The recent Warhol catalogue raisonné has apparently reminded buyers that there's less available out there than they thought.
"Warhol is crossing generations, and younger buyers are joining their elders now," Meyer said. "The same with de Kooning. Younger people are coming in, and it's a two-level market."
Two vastly different Gerhard Richter (b. 1932) works were Sotheby's two top lots. Each sold for $3,969,500, surpassing the $2.5/3.5 million estimates. The earlier work, 180 Colors (1971), is from Richter's color chart period. The later one, Candle (1982), is painted in soft focus from a photograph, a style the German artist calls his "photopaintings," which are currently very popular with collectors.
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