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On the evening of February 12, Christie's post-war and Contemporary Art Evening auction held a hammer. Only one of the 56 auction pieces failed to be sold, with a turnover rate of 98.2%. However, due to the lack of star auction, the turnover of the fair was nearly a quarter less than that of the same period last year, to 56.2 million pounds (equivalent to 511 million yuan). Overall, the auction continues to reinforce the impression that the contemporary art market has shrunk towards the so-called mid market price range (below $5 million).
Mission Rohrfrei (down periscope), created by Albert oehlen in 1996, continued the artist's strong market operation, and finally ranked among the top ten prices of the artist with an over estimated transaction price of 3.19 million pounds.
Of course, high price is the key indicator to measure the success or failure of an auction. However, the climax of the real fierce competition of this auction is still gathered in a group of young artists who are rising, many of whom have set new records.
"Mom" by Jordan Casteel, a female artist born in the United States in 1989, sold for 515200 pounds, which not only far exceeded the valuation, but also set a record for the artist. Casteel has been trying to expand our understanding of black men through a series of paintings that depict various states - playing at home, barber shops, playing in the streets, or in a trance, chatting with women, selling homemade oil and cream, focusing on daily details.
Another young American artist, tschabalala self, who was born in 1990, made her debut in "free time", which attracted great interest from potential buyers. Six telephone bidders took part in the auction, and they were sold at a price of 170000 and a commission of 212500, which was more than twice the valuation. In October 2019, she just set a new record in New York with $486400, and the market is still very keen on her.
Dana Schutz Kissing in the Garbage
Kissing in the Garbage by American female artist b.1976 Dana Schutz, which caused great controversy at the 2017 Whitney bienna, broke through the highest estimate and sold for 695000 pounds. Cecily Brown's "girl trouble" earned 1.482 million pounds.
German artist g ü nther f ü RG's "Untitled" wood painting sold for 1.33 million pounds, adding hundreds of thousands of pounds to the auction record. Another 13 foot wide piece, Untitled, was sold for 731200 pounds. Antonio t à pies, the famous Spanish avant-garde painter and sculptor, created a new record for the artist in the mid-1970s, selling for 851200 pounds.
Artists who were popular in Asia also performed well, with calls from the region bidding for the night. Eddie Martinez's cannibal eyes sold for 34725, more than twice the highest estimate. Sean Scully's wall of light red bar (2013) sparked a bidding war and was later sold for 1.031 million pounds. Large paintings like this originated from Scully's watercolor paintings after a trip to Mexico in 1983. Nara Meizhi's disc painting "Late at Night" sold for 2.291 million pounds.
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