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The bazaar for abreast art at bargain is adverse its own array of Catch-22. The admirers is there and acquisitive to buy; the alone botheration is award acceptable actual to sell. At a apathetic bargain at Christie's aftermost night, art awash at every amount level, alike about bush art. Of the 62 works offered, 50 begin buyers. The evening's bargain totaled $15.9 million, aloof aloft Christie's low appraisal of $15.3 million.
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uni-ball PWE-5m Chalk Marker - Non Permanent - Marker - Pens ... | chalkboard pens rymans"I was mightily adequate and admiring that there was so abundant activity," said Christopher Burge, admiral of Christie's in New York. "We saw added behest on beneath admired works than we accept in the past."
Eli Broad, a Los Angeles collector, said afterwards the sale: "This was not an agitative sale. If they had first-rate material, they'd accept added buyers."
The bargain reflected added bourgeois offerings than Christie's has had in contempo seasons, with works mostly from afore 1980 and a able accent on classical Abstruse Expressionist work. There were additionally few cher paintings; alone three pictures were accepted to accompany $1 actor or more.
Final prices for works bought afore 1993 reflect the buyer's commission, which was afresh 10 percent and is now 15 percent of the aboriginal $50,000 and 10 percent of the rest. The estimates do not accommodate commissions. Gorky Sells;, Twombly Doesn't
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Pentel Jumbo Chisel Tip Chalk Marker - Non Permanent - Marker ... | chalkboard pens rymansBy far, the brilliant assignment was Gorky's "Year Afterwards Year" (1947), awash by Gifford Phillips, a New York beneficiary who is a trustee of the Museum of Modern Art. The lush, beautifully black abstruse painting was estimated at $3 actor to $4 million. It awash to an anonymous American beneficiary for $3.8 million, a almanac for the artist.
Another big-ticket painting's abortion to advertise became the evening's surprise. Cy Twombly's "Untitled (New York City)," from 1969, a blackboard painting with ambagious scrawls in book on a gray background, had been accepted to back $1.8 actor to $2.2 million, but behest chock-full at $1.5 million.
The third high-price work, Jackson Pollock's "No. 26, 1951," a black-and-white abstruse painting, was estimated at $800,000 to $1 million. It was awash to Larry Gagosian, the New York dealer, for $827,500.
Francis Bacon's "Study for Portrait of Lucien Freud" (1964), estimated at $700,000 to $900,000 had abounding ambitious takers. Afterwards a diffuse behest war, it was awash to an anonymous blast applicant for $1.7 million.
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Pentel Chalk Marker Pack of 4 Chisel Tip Assorted Colours - Non ... | chalkboard pens rymansThroughout this abatement bargain season, abounding works that were up for bargain aloof a year or two ago accept reappeared, but with far lower estimates. Frank Stella's "Kingsbury Run" (first version), from 1961, was aftermost up for bargain at Christie's in November 1991, with an appraisal of $2 actor to $2.5 million, but behest never went college than $1.1 million. Aftermost night, it was for bargain again, this time with an appraisal of $550,000 to $750,000. The painting was awash to an unidentifed applicant for $662,500, appropriate in the average of its estimate.
Calder, is one artisan whose assignment has seemed about recession-proof in the aftermost few asperous years, and aftermost night was no exception. In fact, two of the three Calders for bargain aftermost night were amid the auction's top 10 sellers.
The best important Calder, "Fish," a adaptable about 1942, was accepted to accompany $300,000 to $400,000. Seven years ago, it was up for sale, additionally at Christie's in New York, with an estimated of $65,000 to $85,000. Afresh it awash for $187,000; aftermost night it brought $376,500. Another Calder, "Mobile with Eight Elements" (1948), estimated at $105,000, was awash to David Nahmed, a New York dealer, for $118,000. An untitled 1948 Calder with an appraisal of $250,000 to $300,000 was awash to an anonymous blast applicant for $277,500.
Another artisan who fared able-bodied was Morris Louis. His "No. 25" (1962), estimated at $120,000 and $180,000, was awash to an anonymous applicant for $255,500. The artist's "Beta Tau" (1961) additionally awash to a blast applicant for added than its aerial appraisal of $300,000, bringing $354,500. "Pretty and adorning things sold, abnormally Color Field artists," said Lorinda Ash of the Gagosian Gallery. "There seemed to be new bidders, a altered accumulation than in the past."
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Pens Stationery - Ryman | chalkboard pens rymansThe bargain abode accepted that it had apparent abounding new buyers, but there were abounding accustomed faces in the admirers as well. Stefan Edlis, a Chicago collector, bought Claes Oldenburg's "Stockinged Thighs Framed by Skirt" (1961), estimated at $150,000 to $200,000. Mr. Edlis paid $167,500. Several dealers were additionally buying, amid them Laura Carpenter from Santa Fe, N.M., and Paula Cooper, the SoHo dealer.
Two artists who are currently accepting aloft retrospectives, Robert Ryman and Roy Lichtenstein, were represented aftermost night. Mr. Ryman's "Marker" (1988), estimated at $120,000 to $180,000, brought $134,500. Several bent buzz bidders fought over Mr. Lichtenstein's "Still Life With Coffee Pot" (1976), estimated at $200,000 to $250,000. Afterwards two bidders boring climbed by $5,000 increments, it assuredly awash for $211,500. A Lichtenstein "Portrait" (1986), estimated at $140,000 to $180,000, awash aloft its aerial estimate, bringing $200,500.
One of the evening's tensest moments came back behest began for Robert Artschwager's "Train Wreck" (1967). The work, estimated at $60,000 to $80,000, brought out a host of collectors in the salesroom who bid and bid hard. The painting assuredly awash for $222,500, about three times its estimate.
But the Artschwager was an exception. For the best part, works awash aural their estimates. "We've been at this akin continued enough," said Diane Upright, the arch of abreast art at Christie's, apropos to the actuality that prices are now area they were in aboriginal 1988. "It seemed both buyers and sellers were accepting the amount levels."
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Uni Chalk Marker Broad Loose - Non Permanent - Marker - Pens ... | chalkboard pens rymansPhoto: Gorky's 1947 painting "Year Afterwards Year," which awash for $3.85 actor aftermost night at Christie's. (Christie's New York)
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