LONDON.- The three Frieze Week evening auctions at
Christies in London achieved £112,090,375, drawing bidders from more than 45 countries across six continents. Six new world artist auction records were set, along with two artist records by medium.
The Post-War and Contemporary Art Evening Auction was led by Jean-Michel Basquiats Four Big, executed in 1982, a pivotal year in the artists career. The painting realised £8,605,250 (including buyers premium) in a sale that totalled £64,507,125.
The year 1982 was particularly significant for Basquiat. Aged 21, he had successfully transitioned from street artist to king of the New York art scene, enjoying solo shows in Los Angeles, Zürich, Rome and Rotterdam, and being invited to exhibit at Documenta VII in Kassel. Basquiat would later say that 1982 was when he made the best paintings ever.
The second and third highest prices of the sale came for works by Gerhard Richter and Sigmar Polke respectively.
At three metres wide and two metres high, Abstraktes Bild, was one of the largest canvases Richter produced for his landmark 1984 exhibition in Dusseldorf, Von hier aus Zwei Monate neue deutsche Kunst, curated by German museum director and curator Kasper König. This monumental composition, a highlight among selected artworks from the UniCredit Group, sold for £7,016,250.
Held in the same private collection for the past five decades and unseen in public since 1983, Sigmar Polkes Alpenveilchen/Flowers from 1967 sold for £5,654,250.
The auction, which was sold 95 per cent by value and 87 per cent by lot, set several new artist records. Bob Laws Watercolour V (1979) achieved £81,250, while Tassenfrau (Milchkaffee) (Cup Woman (Milk Coffee)) by Thomas Bayrle soared above its high estimate before realising £237,500. Loie Hollowells Lady in Green achieved £359,250 more than five times its high estimate, and Tschabalala Selfs Sapphire sold for £395,250, surpassing the artists previous world auction record.
Other notable results in the Post-War and Contemporary Art Evening Sale included Pierre Soulages Peinture 222 x 222cm, 15 may 1987, which sold for £2,771,250; and Copper-Steel Aloy Square by Carl Andre, which realised £2,411,250, a record price for the artist at auction. The latter was offered from the Matthys-Colle Collection, one of Europes most influential private collections of contemporary art.
Later that evening, the Thinking Italian sale achieved £24,570,000, and was led by Alberto Burris 1953 Sacco, a rare, early example of the artists iconic Sacchi series, which sold for £4,576,000.
Another standout work from the sale was [Concetto Spaziale] (1954) by Lucio Fontana, which sold for £3,724,750. Among the earliest metal buchi of this kind, its luminous steel surface is punctured with rows of the artists signature holes.
There were strong results for other works by Fontana, as well for works by Salvatore Scarpitta and Enrico Castellani, whose Superficie bianca from 1989 achieved £851,250 more than double its high estimate. Other highlights from the sale, which was 94 per cent sold by lot and 98 per cent by value, included Giorgio Morandis Natura morta, which realised £935,250; and Alighiero Boettis Aerei from 1984, which achieved £803,250 more than double its low estimate.
Frieze Week at Christies opened on 1 October with a dedicated evening auction of the private collection of Jeremy Lancaster, which realised £23,013,250, selling 95 per cent by value and 91 per cent by lot. Philip Gustons Language I produced the highest price of the night at £3,838,250.