Sotheby's presents $1 billion of Modern and Contemporary art for New York sales this May

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Sotheby's presents $1 billion of Modern and Contemporary art for New York sales this May
Claude Monet's Le Grand Canal et Santa Maria della Salute. Estimate on request. Courtesy Sotheby's.

NEW YORK, NY.- As the market readies itself for the biggest season it has ever seen, Sotheby’s now unveils the full contents of its major New York auction series. Carrying a combined high estimate in excess of $1 billion—on a par with last November’s record-breaking season – the sale series will present nearly 800 lots across six sales.

The historic May sale of works from The Macklowe Collection will feature 30 artworks by Gerhard Richter, Mark Rothko, Andy Warhol, Sigmar Polke, Willem de Kooning, and many others, which together are estimated to sell in the region of $200 million. Highlights include:

• A monumental Self-Portrait by Andy Warhol, one of his final works (estimate $15/20 million)

• An important & previously unseen Mark Rothko from 1960 (estimate $35/50 Million)

• Gerhard Richter’s spectacular large-scale Seestück (Seascape) (estimate $25/35 Million)

Featuring masterworks by the most renowned and celebrated artists of 19th and 20th centuries, the Modern Evening Auction is the most valuable for the category at Sotheby’s in 15 years. Highlights include:

• One of Claude Monet’s finest works depicting Venice (estimated in the region of $50 million)

• A ground-breaking 1932 Portrait of Marie-Thérèse Walter by Pablo Picasso (estimated in excess of $60 Million, making auction debut)

• Philip Guston's Abstract Expressionist masterpiece Nile (estimate $20/30 million – the highest ever for the artist)

• Clairière (The Glade), a defining masterwork by Paul Cézanne (estimate $30/40 million)

Marking Sotheby’s highest value Contemporary Evening auctions since May 2019 with a combined estimate of more than $200 million, The Now Evening Auction and the Contemporary Evening Auction will cap off the week of marquee evening auctions this month. The Now sale will open the evening with a string of ten consecutive lots by women artists, who – along with their counterparts later in the sale – represent an unprecedented 60% of the offering. Highlights from across the two sales include:

• A Pope by Francis Bacon, first unveiled at the artist’s landmark 1971 retrospective (estimate $40/60 million)

• Ed Ruscha's Cold Beer Beautiful Girls, one of the artist's quintessential text paintings (estimate $15/20 million)

• Cy Twombly’s Large-Scale Untitled from 1969 (estimate $40/60 million)

• A silkscreen of Elvis by Andy Warhol from 1963, (estimate $15/25 million)

• A quarter of the Contemporary sale is made up by German Artists, including four rare works by Georg Baselitz from the Collection of Hardie Beloff

• Beauty Examined by Kerry James Marshall, Sold to Benefit Loma Linda University (estimate $8/12 million)

• Birmingham by Simone Leigh, Golden Lion winner at this year’s Venice Biennale (estimate $150-200,000)

The works will be on public view in Sotheby’s New York galleries beginning this Friday, 6 May. Please see press releases attached.

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