Christie’s mid-season Post-War to Present auction in New York brought in $21.3 million, led by strong results for Helen Frankenthaler, Ed Ruscha, Richard Estes, and Diane Arbus. The large live sale in New York on February 27 had 224 lots with 67 unsold and 12 withdrawals for a sell-through rate of 64.7 percent. The top lot was Frankenthaler’s Concerto (1982), which sold for $2.1 million with fees, blasting past its estimate of $500,000 to $700,000; followed by Ed Ruscha’s Pressures (1967), which sold for just under $2 million with fees on an estimate of $1 million to $1.5 million. Art advisor Dane Jensen was one of the underbidders for the Frankenthaler painting on behalf of a client but called the final result “a bit of a mystery” due to its small size and time period. “To me that’s a lot of money to pay for that artwork,” he told ARTnews . “The other ones that sold really high were huge paintings. It’s definitely a new benchmark.” By comparison, last year’s spring mid-season a...
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