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Bacon, Basquiat, Doig, Hockney and Richter lead Christie’s Feb 2013 Contemporary Sale – UPDATE WITH SALE RESULTS

February 12, 2013
Lot 28. Lot DescriptionGerhard Richter (b. 1932)  Abstraktes Bild  signed, numbered and dated '889-14 Richter 2004' (on the reverse)  oil on canvas: 88 5/8 x 78¾in. (225 x 200cm.)  Painted in 2004 Estimate on Request

Lot 28. Lot Description
Gerhard Richter (b. 1932)
Abstraktes Bild
signed, numbered and dated ‘889-14 Richter 2004′ (on the reverse)
oil on canvas: 88 5/8 x 78¾in. (225 x 200cm.)
Painted in 2004
Estimate on Request This lot sold for a hammer price of £7.5 million (£8,441,250 with buyer’s premium) or $13,202,115.

UPDATE: The sale began inauspiciously when the first lot, an untitled work by Toba Khedoori, estimated at £40,000-60,000, bombed at £32,000. But that misstep proved an anomaly – Lot 4, Mad Cow, by Christopher Wool, estimated at £700,000-900,000, soared to a hammer price of £2 million, powered in part by interest from 10 people on the sale telephones, and Lot 6, Pumpkin, by Yayoi Kusama, estimated at £150,000-250,000, blew through to a hammer price of £420,000, with 16 phones. Peter Doig’s The Architect’s Home in the Ravine set a new auction record for the artist selling for £7,657,25 (£6.8 million hammer price plus buyer’s premium) or $11,975,939. Complete results.

ORIGINAL POST:It’s not exactly déjà vu, but several of Christie’s top five lots in their evening sale in London, Feb 13, look a lot like the bunch at Sotheby’s – Bacon, Basquiat and Richter. The top five round out with an entangled 1991 tableaux by Peter Doig and an early and theatrical Egytpian-themed David Hockney painting (cue those elephants, Aida).   Damien Hirst, whose market has apparently hit the skids, is represented by a couple of works, including a variant of Away From the Flock, featuring a white sheep divided laterally with each half suspended in a formaldehyde filled vitrine (I’ve always enjoyed the cheekiness of this work).  According to Bloomberg, the Hirst last appeared at auction in May 2006 when it sold for $3.6 million.

Lot 30. Jean-Michel Basquiat (1960-1988) Museum Security (Broadway Meltdown)  acrylic, oilstick and paper collage on canvas: 84 x 84 in. (213.4 x 213.4 cm.)  Painted in 1983 Estimate: £7,000,000 - £9,000,000 ($10,955,000 - $14,085,000)

Lot 30. Jean-Michel Basquiat (1960-1988)
Museum Security (Broadway Meltdown)
acrylic, oilstick and paper collage on canvas: 84 x 84 in. (213.4 x 213.4 cm.)
Painted in 1983
Estimate: £7,000,000 – £9,000,000 ($10,955,000 – $14,085,000). This lot sold for a hammer price of £8.3 million (£9,337,250 with buyer’s premium) or $14,603,459.

Lot 15. Lot DescriptionFrancis Bacon (1909-1992)  Man in Blue VI  oil on canvas: 60 1/8 x 46in. (152.7 x 116.8cm.)  Painted in 1954 Estimate: £4,000,000 - £6,000,000 ($6,260,000 - $9,390,000)

Lot 15. Lot Description
Francis Bacon (1909-1992)
Man in Blue VI
oil on canvas: 60 1/8 x 46in. (152.7 x 116.8cm.)
Painted in 1954
Estimate: £4,000,000 – £6,000,000 ($6,260,000 – $9,390,000). This lot sold for a hammer price of £4.4 million (£4,969,250 with buyer’s premium) or $7,771,907.

Lot 9. Peter Doig (b. 1959) The Architect's Home in the Ravine  signed, titled and dated '"THE ARCHITECTS HOME IN THE RAVINE" PETER DOIG 1991' (on the reverse) oil on canvas: 78 7/8 x 98¾in. (200 x 250cm.)  Painted in 1991  Estimate: £4,000,000 - £6,000,000 ($6,260,000 - $9,390,000)

Lot 9. Peter Doig (b. 1959)
The Architect’s Home in the Ravine
signed, titled and dated ‘”THE ARCHITECTS HOME IN THE RAVINE” PETER DOIG 1991′ (on the reverse)
oil on canvas: 78 7/8 x 98¾in. (200 x 250cm.)
Painted in 1991
Estimate: £4,000,000 – £6,000,000 ($6,260,000 – $9,390,000). This lot sold for a hammer price of £6.8 million (£7,657,250 with buyer’s premium) or $11,975,939.

Lot 12. David Hockney (b. 1937) Great Pyramid at Giza with Broken Head from Thebes  oil on canvas: 72 x 72in. (183 x 183cm.)  Painted in 1963 Estimate: £2,500,000 - £3,500,000 ($3,912,500 - $5,477,500)

Lot 12. David Hockney (b. 1937)
Great Pyramid at Giza with Broken Head from Thebes
oil on canvas: 72 x 72in. (183 x 183cm.)
Painted in 1963
Estimate: £2,500,000 – £3,500,000 ($3,912,500 – $5,477,500). This lot sold for a hammer price of £3.1 million (£3,513,250 with buyer’s premium) or $5,494,723.

Lot 17. Damien Hirst (b. 1965) Away From the Flock (Divided)  glass, painted steel, silicone, acrylic, plastic cable ties, stainless steel, sheep and formaldehyde solution Two parts each: 46½ x 73 1/8 x 20in. (118 x 186 x 51.3cm.)  Executed in 1995  Estimate: £1,800,000 - £2,500,000 ($2,817,000 - $3,912,500)

Lot 17. Damien Hirst (b. 1965)
Away From the Flock (Divided)
glass, painted steel, silicone, acrylic, plastic cable ties, stainless steel, sheep and formaldehyde solution
Two parts each: 46½ x 73 1/8 x 20in. (118 x 186 x 51.3cm.)
Executed in 1995
Estimate: £1,800,000 – £2,500,000 ($2,817,000 – $3,912,500). This lot sold for a hammer price of £1.7 million (£1,945,250 with buyer’s premium) or $3,042,371.

Lot 17. Damien Hirst (b. 1965)Away From the Flock (Divided) glass, painted steel, silicone, acrylic, plastic cable ties, stainless steel, sheep and formaldehyde solution Two parts each: 46½ x 73 1/8 x 20in. (118 x 186 x 51.3cm.) Executed in 1995 Estimate: £1,800,000 - £2,500,000 ($2,817,000 - $3,912,500)

Lot 17. Damien Hirst (b. 1965)
Away From the Flock (Divided)
glass, painted steel, silicone, acrylic, plastic cable ties, stainless steel, sheep and formaldehyde solution
Two parts each: 46½ x 73 1/8 x 20in. (118 x 186 x 51.3cm.)
Executed in 1995
Estimate: £1,800,000 – £2,500,000 ($2,817,000 – $3,912,500). This lot sold for a hammer price of £1.7 million (£1,945,250 with buyer’s premium) or $3,042,371.

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