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Tuesday, November 12, 2013

Christies Results New York - Shatters All Records - $52 mil for Jeff Koons and $127 mil Francis Bacon $41 mil for Rothko

Jeff Koons at Christies sells for 52 million dollars making Koons the worlds reigning king for most expensive living artist. 127 million was paid for Francis Bacon Lucien Freud Tryptich.

On November 12th, Christie’s Post-War and Contemporary Art Evening Sale promises to be a landmark occasion for the art market when Christie’s will offer Jeff Koons’s Balloon Dog (Orange), one of the most recognizable images in today’s canon of art history. This monumental work, with its flawless reflective surface and glorious color, is the most beloved of all contemporary sculptures. Its spectacular form has been celebrated around the world, having graced the rooftop of New York’s Metropolitan Museum of Art, Venice’s Grand Canal, and Versailles Palace outside Paris. It has become an icon of Popular vernacular, adored by the public and collectors for its unabashed celebration of childhood, hope and innocence.
Creating the illusion of weightlessness with reflective stainless steel of gigantic proportions, the work is considered the supreme example from Koon’s highly desired and acclaimed Celebration Series, begun in the early 1990s. The series evolved from Koons's desire to recreate the ecstatic experiences of a child's enjoyment of the world with universal signifiers.
Balloon Dog (Orange) was one of the first of the Balloon Dogs to be fabricated, and was acquired by Greenwich collector Peter Brant in the late 1990s. As well as owning the foremost collection of works by Andy Warhol and Jean-Michel Basquiat in private hands, Brant’s focus as a pioneering collector and passion for artists such as Jeff Koons, Christopher Wool, Richard Prince, Cindy Sherman, Julian Schnabel, John Currin and Elizabeth Peyton has had a major impact on their markets and amongst collectors inspired by his vision. Balloon Dog (Orange) is part of the Brant Collection and proceeds from the sale will be used to help fund future activities of The Brant Foundation Art Study Center in Greenwich, CT.

 A 1969 triptych by Francis Bacon of his friend and artist Lucian Freud is poised to topple the $86 million auction record for the British artist.
"Three Studies of Lucian Freud" was to be offered Tuesday evening at a Christie's postwar and contemporary sale. Bacon's 1976 "Triptych" holds the record for his works, set in 2008.
It remains to be seen whether the paintings of Freud will top the nearly $120 million paid for Edvard Munch's "The Scream." At a Sotheby's sale in 2012, that became the most expensive artwork ever sold at auction.
Among other highlights at Christie's is a bright orange-yellow and white oil painting by Mark Rothko. Reminiscent of a radiating sunset, the 1957 large-scale "Untitled (No. 11)" could fetch up to $35 million. In May 2012, Christie's sold Rothko's "Orange, Red, Yellow" for $86.8 million, a record for any contemporary artwork at auction.
Christie's also has an iconic Andy Warhol, "Coca-Cola (3)," estimated to sell for $40 million to $60 million. The Warhol auction record is $71.7 million for "Green Car Crash (Green Burning Car I)," sold in 2007.
On Wednesday evening, Sotheby's is offering Warhol's "Silver Car Crash (Double Disaster)," a provocative double-panel painting that could bring as much as $80 million.