News-Antique.com - Nov 30,-0001 - results of today's highly successful sale of Contemporary Art which totaled $56,348,201, topping the $23.8 million pre-sale high estimate, with 94.4% sold by amount and 87.9% by lot. This brings the two-day total for Contemporary Art at Sotheby's to $185,100,200, the highest total for Contemporary Art in Sotheby's history.
Sale N08202 Contemporary Part II 11 MAY 06
Grand Total
(Including
Buyer's
Premium):
$56,348,200 (30,351,845) Exch Rate: 0.54
Sold by Lot: 87.9% Lots Offered: 437
Sold by Value: 94.4% Lots Sold/Unsold: 384 / 53
Lot Price (USD) Estimate (USD) Buyer
426 $1,136,000 (£611,904) $300,000 - 500,000 European Trade
Takashi Murakami, Nirvana
276 $1,136,000 (£611,904) $180,000 - 250,000 American Trade
Ed Ruscha, Metro Petro Neuro Psycho
* RECORD FOR A WORK ON PAPER BY RUSCHA *
201 $828,000 (£446,001) $400,000 - 600,000 European Private
Tom Wesselmann, SEASCAPE # 5
547 $800,000 (£430,918) $350,000 - 450,000 American Private
Gerhard Richter, Abstraktes Bild (450-2)
222 $800,000 (£430,918) $600,000 - 800,000 Asian Trade
Wayne Thiebaud, Hamburger Counter
228 $772,000 (£415,836) $250,000 - 350,000 American Trade
Andy Warhol, Mao (1973)
543 $744,000 (£400,754) $70,000 - 90,000 American Private
Raymond Pettibon, Self Portrait as Goofy-Foot
* RECORD FOR THE ARTIST AT AUCTION *
121 $744,000 (£400,754) $200,000 - 300,000 American Trade
Willem de Kooning, Reclining Woman
112 $688,000 (£370,590) $350,000 - 450,000 Asian Trade
Alexander Calder, Yellow and Blue Flower
214 $660,000 (£355,508) $200,000 - 300,000 American Private
Kenneth Noland, Highlight
Robert Looker, Vice President of Sotheby’s Contemporary Department, commented, “We are thrilled with today’s
hugely successful sale of Contemporary Art which totaled $56,348,200, topping the pre-sale high estimate of $23.8
million. This brings the two-day total for Contemporary Art at Sotheby’s to $185,100,200, the highest total for
Contemporary Art in Sotheby’s history. As we saw last night, there was great depth of bidding across the board, and
collectors bought what they liked. In many cases, quality works drove the competition to multiples of the estimates as
evidenced by Takashi Murkami’s Nirvana which sold for $1,136,000 (est. $300/500,000), Ed Ruscha’s Metro Petro
Neuro Psycho which also sold for $1,136,000 (est. $180/250,000), and Richard Pettibon’s Self Portrait as Goofy-
Foot which soared past the $70/90,000 pre-sale estimate to bring $744,000, setting a new world record for the artist at
auction.”
Specialist in Charge: Robert Looker and Gabriela
Palmieri
Press Office Contact: Patty Madara 212.606.7176
**ESTIMATES DO NOT INCLUDE BUYER’S PREMIUM**
Please note all prices include buyer's premium. Sale session totals are net aggregate figures plus premiums. Sotheby’s buyer's premium is 20% of the
hammer price on the first $200,000, and 12% thereafter.
