ArtListings > News > Archive > Roy Lichtenstein Peephole Sets $43 Million Record at Christie’s

Roy Lichtenstein Peephole Sets $43 Million Record at Christie’s

09 November '11 by the editors | Source: www.bloomberg.com

Roy Lichtenstein’s 1961 painting of a man looking through a peephole sold for $43.2 million last night in New York, one of 13 records set at an auction of contemporary art by Christie’s International.

As actor Leonardo DiCaprio looked on in blue jeans and blue baseball cap, the pop artist’s “I Can See the Whole Room!… And There’s Nobody in It!” helped London-based Christie’s reach a total of $247.6 million. Records were set for Louise Bourgeois, Charles Ray, Paul McCarthy and Barbara Kruger. Andreas Gursky’s $4.3 million landscape, “Rhein II,” was the most expensive photograph sold at auction.

“People would rather have art or gold instead of paper money,” collector Eli Broad said as he left the midtown salesroom after the auction.

While the sale failed to reach Christie’s low estimate of $226.5 million before commissions, a rising number of guarantees helped the auction house sell 90 percent of the 91 lots offered, beating the 62 percent rate at its Impressionist and modern art sale last week.

Paris dealer Pierre Loudmer blamed “greedy sellers with optimistic estimates” for that flop. He said it was as if last night’s sale was insulated from economic turmoil in Europe.

“We’re just in a cloud here,” he said.

The Lichtenstein, the top lot, was one of 16 guaranteed artworks, 10 of which were backed by third parties, the auction house said. At the equivalent sale in 2010, only seven lots were guaranteed.

The sale began with 26 works from the collection of software pioneer Peter Norton, all of which sold. The group was led by McCarthy’s humorous sculpture “Tomato Head (Green)” which fetched $4.6 million, four times its low estimate. Murakami’s Mushrooms

Kara Walker’s sprawling 1996 frieze “African’t,” made with 25 cut-paper silhouettes, went for $386,500. Takashi Murakami looked on as his cheerful sculptural mushroom ensemble, “DOB in the Strange Forest,” went for $2.8 million.

Art dealer Robert Mnuchin of L & M Arts won Glenn Ligon’s 2000 black text canvas, “Untitled (Stranger in the Village #17)” for $1.2 million, quadrupling the low estimate and establishing another artist record.

The sale is part of the two-week autumn art series in New York by Christie’s, Sotheby’s and other auction houses that are estimated to raise more than $1.1 billion. Collectors are bidding after six months of volatility in global financial markets as European governments struggle to avert default on debts.

“People no longer care for financial products,” said Mark Vanmoerkerke, a Belgian collector. “There’s a lot of doubt. This, you take it home with you.”


Read entire article...


More news

German artist Andreas Gursky's three metre wide photograph of the Rhine river sold for $4.3m (£2.7m) at Christie's in New York.
11 November '11
www.telegraph.co.uk


France has laid claim to a 17th Century painting currently being displayed by a London gallery at an art fair in Paris.
08 November '11
www.bbc.co.uk


While some fear the negative effects of the closure of the vetting board, others say its role was not essential.
08 November '11
www.theartnewspaper.com


Taxpayer could pay £1.5 billion if Leonardo da Vinci paintings are harmed during ground-breaking National Gallery exhibition.
08 November '11
www.artlyst.com


Chinese state newspaper has raised the spectre of further action against the artist and activist Ai Weiwei, alleging he could be carrying out "illegal fundraising" after thousands of supporters sent him money to pay a £1.5m tax bill.
07 November '11
www.guardian.co.uk


Dissident Chinese artist Ai Weiwei vowed Wednesday to fight tax evasion charges "to the death," a day after the government ordered a company linked to him to pay 15 million yuan ($2.4 million) in back taxes and fines.
06 November '11
www.reuters.com


Sotheby's London announced the sale of Gustav Klimt’s recently rediscovered masterpiece of 1901 Seeufer mit Birken (Lakeshore with Birches), which is estimated to fetch £6-8 million/ $10-13 million and will be offered as part of the Impressionist & Modern Art Evening Sale, 8th February, 2012, in London.
06 November '11
www.artdaily.org


Art restorers have discovered the figure of a devil hidden in the clouds of one of the most famous frescos by Giotto in the Basilica of St Francis in Assisi, church officials said on Saturday.
07 November '11
www.artdaily.org


Police recovered two stolen paintings by Dutch masters and handed them back Thursday to the provincial museum they were stolen from five months ago. Three suspects are in custody, police said.
05 November '11
www.artdaily.org


A $40.4 million Gustav Klimt painting underpinned a rebound in art auctions last night as Sotheby’s (BID) sold $200 million of Impressionist and modern works in New York, beating a sale the previous day by Christie’s International.
03 November '11
www.bloomberg.com


The International Fine Print Dealers Association presents its twenty-first annual Print Fair from November 3rd to November 6th 2011 at the Park Avenue Armory.
02 November '11
www.artdaily.org


Christie’s International posted its lowest sales total in two years for Impressionist and modern art in New York as buyers shunned works by Degas and Picasso amid tumbling financial markets.
02 November '11
www.bloomberg.com


The Museo del Prado took the decision to increase its opening hours to every day of the week in order to improve and expand its cultural activities and thus guarantee its commitment to covering 60% of its budget through self-financing.
01 November '11
www.artdaily.org


Noah Horowitz, formerly director of the online-only VIP Art Fair, has left the virtual world after less than two years to direct a fair in real life. The Armory Show has announced that Horowitz will become the marquee New York art fair's new managing director, starting today.
31 October '11
www.artinfo.com


Ai Weiwei, the internationally renowned Chinese artist detained by authorities for almost three months this spring, has said officials have ordered him to pay £1.5m in tax.
01 November '11
www.guardian.co.uk


An art forger and his three accomplices, who made at least 10 million euros ($14 million) by selling oil paintings they falsely attributed to famous artists, were today sentenced to a total of 15 years in prison by a court in Cologne.
27 October '11
www.bloomberg.com


Branches of the Louvre and Guggenheim art museums being built as part of an ambitious cultural district in Abu Dhabi could now open at least a year later than planned, the developer and an official with knowledge of the projects said Saturday.
30 October '11
www.artdaily.org


The VIP Art Fair, an online-only art fair launched last year, has hired Internet retail specialist Lisa Kennedy as its first chief executive officer.
29 October '11
www.artinfo.com


Follow ArtListings
New on ArtListings
Latest art news
Art & Antiques Fairs