|
"Contemporary Art Market"
As recent as May 2008 three
auction houses have posted $973 million combined in sales of Contemporary Art. The highest total posted in Sotheby's history
at $362 million. Francis Bacon's "Triptych", auctioned at Sotheby's on May 14th for $86 million, became the most valuable
work of Contemporary art ever sold. Lucian Freud's "Benefits Supervisor Sleeping" became the most valuable work by a living
artist, sold for $33 million at Christie's. There have been record prices for Contemporary art establishing the damand for
this market. Sotheby's Evening Sale $362,037,000, Christie's Evening Sale $348,263,600 and Phillips de Pury Evening Sale $59,001,000.
Top Ten Contemporary Works: Francis Bacon, "Triptych", Sotheby's $86.30M, Mark Rothko, "No 15", Christie's $50.40M,
Lucian Freud, "Benefits Supervisor Sleeping", Christie's $33.60M, Andy Warhol, "Double Marlon", Christie's $32.50M, Francis
Bacon, "Three Studies for Self Portrait", Christie's $28.04M, Yves Klein, "MG 9", Sotheby's $23.56M, Yves Klein, IKB 1, Sotheby's
$17.40M, Gerhard Richter, "Abstraktes Bild", Sotheby's $15.16M, Takashi Murakami, "My Lonesome Cowboy", Sotheby's $15.16M,
Robert Rauschenberg, "Overdrive", Sotheby's $14.60M and Gerhard Richter, "Abstraktes Bild", Christie's 14.60M.
|