Modern & Contemporary Sales Achieve High Results
May 13 2021
Posted by Adam Busiakiewicz:
Both Christie's and Sotheby's have managed to achieve some rather enormous prices for their recent Modern & Contemporary sales in New York.
Last night's three sales at Sotheby's managed to achieve $596.8m over their $436.8m high pre-sale estimate. Substantial prices were realised for pictures by Monet, Andy Warhol, Basquiat and Robert Colescott.
Christie's 21st Century Evening sale eventually realised a total of $210,471,500 and saw records set for 11 artists. Their top lot was a $93,105,000 Basquiat, however, it seems to have been the high prices achieved for NFTs that has captured most of the popular attention. The auction house will be continuing their inaugural 20th and 21st Century week today and tomorrow with top ticketed lots by the likes of Georges Seurat, Van Gogh, Monet and Mondrian expected to achieve impressive results.
