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Trophy Hunting III: Post-War & Contemporary Art at Phillips

April 19, 2012

UPDATED WITH SALE RESULTS

How much EXPENSIVE post-War & contemporary art can the market absorb? Remember, we’re going to go through this all again in November. The auction trifecta concludes with Phillips and the usual line up of Warhol, Richter and Basquiat … and there’s a very aggressively priced Christopher Wool.  Here are the top five lots (by estimate) and an additional five lots of interest.

Lot 19 WILLEM DE KOONING 1904-1997
Untitled VI, 1975
oil on canvas
80 x 70 in. (203.2 x 177.8 cm)
Signed “de Kooning” on the reverse.
Estimate $10,000,000-15,000,000. THIS LOT SOLD FOR $12,402,500 (HAMMER PRICE + BUYER’S PREMIUM)

Lot 8 ANDY WARHOL 1928-1987
Mao, 1973
acrylic and silkscreen ink on linen
50 x 42 in. (127 x 106.7 cm)
Initialed and dated “A.W. 73” along the overlap.
Estimate $9,000,000-12,000,000  THIS LOT SOLD FOR $10,386,500 (HAMMER PRICE + BUYER’S PREMIUM)

PROPERTY FROM THE COLLECTION OF ROBERT LEHRMAN
Lot 6 JEAN-MICHEL BASQUIAT 1960-1988
Untitled, 1981
acrylic, oilstick, and spray paint on wood
73 1/4 x 49 1/4 in. (186.1 x 125.1 cm)
Signed, inscribed, and dated “Jean-Michel Basquiat, NYC, 81” on the reverse.
Estimate $8,000,000-12,000,000  THIS LOT SOLD FOR $16,322,500 (HAMMER PRICE + BUYER’S PREMIUM)

Lot  25 CY TWOMBLY 1928-2011
Untitled (Bolsena), 1969
oil based house paint, wax crayon, and lead pencil on canvas
79 x 94 3/4 in. (200.7 x 240.5 cm)
Signed, titled, inscribed, and dated “Cy Twombly, Untitled, Grey Painting,
(Bolsena, May 1969)” on a label affixed to the reverse.
Estimate $6,000,000-8,000,000  THIS LOT SOLD FOR $6,242,500 (HAMMER PRICE + BUYER’S PREMIUM)

Lot 4 ANDY WARHOL 1928-1987
Gun, 1981-1982
acrylic and silkscreen ink on canvas
70 1/8 x 90 1/8 in. (178.1 x 228.9 cm)
Stamped by the Estate of Andy Warhol and the Andy Warhol Foundation for the
Visual Arts, Inc. on the overlap and numbered PA15.058.
Estimate $5,000,000-7,000,000  THIS LOT SOLD FOR $7,026,500 (HAMMER PRICE + BUYER’S PREMIUM)

Lot 17 ROY LICHTENSTEIN 1923-1997
Brushstroke Nude, 1993
painted cast aluminum
144 1/2 x 42 x 30 in. (367 x 106.7 x 76.2 cm)
Signed, inscribed, numbered, and dated “TALLIX, 1/3, rf Lichtenstein ‘93” along
the lower edge of the sculpture. This work is number one from an edition of three
plus one artist’s proof.
Estimate $5,000,000-7,000,000  THIS LOT SOLD FOR $5,458,500 (HAMMER PRICE + BUYER’S PREMIUM)

Additional Lots of Interest:

Lot 3 CHRISTOPHER WOOL b. 1955
Untitled (S 69), 1992
alkyd on aluminum
43 x 30 in. (109.2 x 76.2 cm)
Signed, inscribed, and dated “WOOL, 1992, S69” on the reverse.
Estimate $2,500,000-3,500,000  THIS LOT SOLD FOR $4,002,500 (HAMMER PRICE + BUYER’S PREMIUM)

Lot 5 MAURIZIO CATTELAN b. 1960
Daddy Daddy, 2008
polyurethane resin, steel, and industrial epoxy car paint with UV protection
43 x 38 x 15 in. (109.2 x 96.5 x 38.1 cm)
This work is artist proof one from an edition of three plus two artist’s proofs, and is
accompanied by a certificate of authenticity.
Estimate $2,500,000-3,500,000  THIS LOT SOLD FOR $2,546,500 (HAMMER PRICE + BUYER’S PREMIUM)

Lot 18 GERHARD RICHTER b. 1932
Abstraktes Bild 638-4, 1987
oil on canvas
48 x 34 1/4 in. (121.9 x 87 cm)
Signed, titled, and dated “638-4, Richter, 1987” on the reverse.
Estimate $3,000,000-5,000,000 THIS LOT FAILED TO SELL.

Lot 32 RICHARD PRINCE b. 1949
Emergency Nurse, 2004
acrylic and inkjet on canvas
60 x 46 in. (152.4 x 116.8 cm)
Signed, titled, and dated “Richard Prince, Emergency Nurse, 2004” on the reverse.
Estimate $3,000,000-5,000,000 THIS LOT FAILED TO SELL.

Lot 38 ROBERT GOBER b. 1954
Untitled, 1992
wax and human hair
3 x 7 1/2 x 2 5/8 in. (7.6 x 19.1 x 6.7 cm)
Signed, numbered, and dated “R. Gober, ’92, 6/15” on the underside.
This work is number six from an edition of 15 plus three artist’s proofs.
Estimate $250,000-350,000 THIS LOT FAILED TO SELL.

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