A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?
ARTnews previews major May auction sales amid a market that returned to 4 percent growth last year, reaching $59.6 billion, according to the Art Basel & UBS Art Market Report. Christie’s will offer 16 lots from the estate of S. I. Newhouse, including Constantin Brâncuși’s Danaïde (ca. 1913) and Jackson Pollock’s Number 7A, 1948, each estimated at $100 million, plus works from Agnes Gund led by Mark Rothko’s No. 15 (Two Greens and Red Stripe) (1964) estimated at $80 million and a group of Gerhard Richter paintings from Marian Goodman’s collection topped by a $50 million estimate. Sotheby’s will sell Rothko’s Brown and Blacks in Reds (1957) estimated at $100 million from the Robert Mnuchin collection, along with Rothko’s No. 1 (1949) estimated at $15 million to $20 million and about 50 works from David and Shoshanna Wingate including Alberto Giacometti’s La Clairière (Composition avec neuf figures) estimated at $18 million to $25 million. The article also reports that Jean-Michel Basquiat’s 1983 painting Museum Security (Broadway Meltdown), estimated at $45 million for Sotheby’s contemporary evening sale on May 14, is said by sources to be consigned by John Sayegh-Belchatowski.
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This story was covered in Market Experiments, Mega-Prices, and Color Alchemy