The 20th-century sale led to record prices for works by Richard Diebenkorn, Joan Mitchell, Arshile Gorky, and Barbara Hepworth
Christie’s auction of 20th-century art on Thursday evening pulled in nearly US$641 million and set artist records for Richard Diebenkorn , Joan Mitchell , and Arshile Gorky .
Diebenkorn’s Recollections of a Visit to Leningrad, 1965, a painting said to mark the beginning of the artist’s well-known Ocean Park series, broke a record for the artist, selling far above a US$25 million estimate to fetch US$40 million, or US$46.4 million with fees. Diebenkorn’s previous auction record was US$27.3 million, achieved in 2021 at Sotheby’s for Ocean Park #40, 1971.
In all, the hammer price for the auction—which does not account for the buyer’s premium and other fees—was US$542.6 million, solidly within expectations. The presale estimate range for the auction was between US$515.24 million and US$660.4 million after two lots were withdrawn. Of the 63 lots offered, about 40% were partially or fully financed by a third party, guaranteeing they would sell.
Francis Bacon’s Figure in Movement, 1976, with an estimate in the region of US$50 million, sold for US$45 million, nearly US$52.2 million with fees, and Mark Rothko’s Untitled , with an estimate in the region of US$45 million, sold for US$40 million, US$46.4 million with fees. The sale was a day after Sotheby’s brought in US$139.4 million, with fees, for a Marie-Thérèse painting from 1932 that had been in Landau’s collection.
Frida Kahlo’s Portrait of Cristina, My Sister, 1928—also from the collection—sold for US$6.8 million, or US$8.2 million, with fees, at the low end of expectations.
Christie's Auction 20Th-Century Art Richard Diebenkorn Joan Mitchell Arshile Gorky Claude Monet Le Bassin Aux Nympheas Masterpiece Rediscovered
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