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Christie’s First Open Post-War & Contemporary Art Sale Had Positive Results

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Written by rubin   
Saturday, 14 March 2009 06:14

Yaacov Agam - New Landscape,1976 - Relief, acrylic on aluminum - Est. $50,000-70,000 / Sold $122,500. © Christie’s Images Ltd.

NEW YORK CITY - Christie’s first open Post-War and Contemporary Art sale achieves positive results. Alexandre Carel, Head of First Open said, “The positive results achieved for the first mid-season sale of the season are a reflection of the right amount of lots offered and correct estimates. The 149 lots presented achieved over $3 million and a healthy sold rate of 86%, with many works selling well above their pre-sale estimates.

In addition to the top three lots, works on paper by Alexander Calder performed extremely well and surpassed their high estimates, a Self Portrait drawing by Louise Bourgeois sold for $52,500 (est.$15,000-20,000), and an exquisite rendering of Meyer Shapiro by Alice Neel fetched $92,500 (est. $80,000-120,000). Maurizio Cattelan’s photograph Not Afraid of Love and a box by Joseph Cornell, Hotel du Nord (Grand Hotel de l’Univers, Hotel de la Poste), sold within their estimates at $47,500 and 86,500 respectively.

Visit Christie's at : http://www.christies.com/

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