Auction records set for 10 new artists in May 2024

Another May auction season in New York has come to an end. Nearly $1.4 billion worth of art was sold in a week after two weeks of blockbuster art fairs in New York, with major sales held by Christie’s, Sotheby’s and Phillips.

Despite concerns about a tepid art market and cyberattacks on Christie’s website, the auction’s results were mixed, but not entirely negative. While the total was down from the $1.8 billion reached in May 2023, sales were broadly within their expectations, with Andy Warhol, Georgia O’Keeffe and Claude Works by several blue-chip masters, such as Claude Monet, showed solidity at auction. Still, some notable lots sold for less than expected or were withdrawn entirely.Bryce Madden’s event For example, “(2004-07)” was expected to break the artist’s auction record, but was removed from Christie’s 20th and 21st Century Art Evening Sale at the last minute.

As usual, the May auction season saw a number of major auction records set. Here, we select 10 noteworthy new auction benchmarks set this week. All prices include fees.

Priced at $28.5 million (estimate: $12 million to $18 million)

Sotheby’s

The standout lot of this auction season is Leonora Carrington’s Dagobert’s interference (1945) sold for $28.5 million at Sotheby’s Modern Art Evening Sale, becoming the most expensive work ever sold by a British-born female artist. The transaction price including commissions was $10 million higher than the work’s high estimate of $18 million, and far exceeded the artist’s previous auction record of $3.26 million set at Sotheby’s in 2022. Gardens of Paracelsus (1957).

Hailed by Sotheby’s as the “definitive masterpiece” of Carrington’s career, the work depicts a scene inspired by the seventh-century Merovingian king Dragobert and was painted in Mexico, where Carrington spent his Most of adult life. The buyer was Argentinian collector Eduardo F. Costantini, founder of the Marba Museum of Latin American Art in Buenos Aires, who told the auction house that the painting ” It is one of the most admired works in the history of Surrealism and an unparalleled masterpiece of Latin American art. “

In recent years, Carrington’s work has received continued commercial and critical acclaim, along with that of contemporaries such as Leonor Fini and Frida Kahlo, both of whom were featured in 2021 sets new benchmarks.

Transaction price: US$13.64 million (estimate: US$8 million to US$12 million)

Christie’s

Felix Gonzalez Torres Untitled (US #3) Rosa de la Cruz (1992) is the most expensive lot from the Rosa de la Cruz collection at Christie’s. It sold for $13.64 million, exceeding its high estimate of $12 million.

Consisting of 42 light bulbs and wires composed of porcelain light sockets, the work is an iconic example of the late American artist’s minimalist installations and innovative use of everyday materials.

The transaction price far exceeds the auction record of $7.67 million set by Gonzalez-Torres at Christie’s in 2015. Untitled (Los Angeles) (1991).

Priced at $5.1 million (estimate: $1.5 million to $2 million)

Christie’s

Alexander Archipenko’s bronze casts exemplify the artist’s unique approach to Cubist sculpture woman combing her hair (1915) sold for $5.1 million at Christie’s 20th Century Art sale.

The late Ukrainian avant-garde artist moved to Paris in 1908 and was a contemporary of Kasimir Malevich, Georges Braque and Pablo Picasso, among others.He was one of the first to apply the influence of Cubism to architecture and sculpture, as well as bronze casting woman combing her hair It is an example of the artist’s geometric and concave forms.

The work’s sale price was nearly double the artist’s previous auction record of £1.46 million ($2.67 million), set in 2005 Miss (1918) Christie’s, London.

Transaction price: US$1.81 million (estimate: US$500,000 to US$700,000)

Sotheby’s

Lucy Bull’s 16:10 (2020) was sold at Sotheby’s “The Now” evening auction last week for US$1.81 million, becoming the highest auction record for a hyper-contemporary artist. The massive eight-foot-tall work, which embodies the American artist’s surreal, psychedelic abstract style, was the subject of a three-and-a-half-minute bidding war.

Its high valuation doubled, 16:10 It just surpassed Bull’s auction record of HK$13.76 million (US$1.76 million) set at Sotheby’s Hong Kong last October. The artist, represented by David Kordansky Gallery, is one of the most popular ultra-contemporary artists working today, with auction prices having exceeded the seven-figure mark seven times since 2022.

Martin Wong, Mikey Piñero portrait at Ridge Street and Stanton1985

Priced at $1.6 million (estimate: $1 million to $2 million)

Christie’s

Created at the peak of the late Chinese-American artist Martin Wong’s artistic career, Mikey Piñero portrait at Ridge Street and Stanton (1985) sold for $1.6 million at Christie’s 21st Century Evening Sale.

The increase in price has led to a significant increase in the artist’s profile, and his estate is represented by PPOW. .

Mikey Piñero portrait at Ridge Street and Stanton The work incorporates several of Wong’s recurring themes, such as brickwork and beer cans, and also features the artist’s lover, playwright and actor Mickey Piñero, whose poetry complements the work .The artist’s previous auction record was set in 2022 Guangyuan Sheng Company (1992), sold at Bonhams for $1.26 million.

Faith Ringgold, Dinner at Gertrude Stein’s Restaurant: French Collection Part Two, #101991

Transaction price: $1.57 million (estimate: $700,000 to $1 million)

Sotheby’s

Faith Ringgold, one of the most influential artists of her generation, died last month at the age of 93, leaving behind a legendary legacy of activism and advocacy.quilted piece spans nearly seven feet in two directions Dinner at Gertrude Stein’s Restaurant: French Collection Part Two, #10 (1991) sold for $1.57 million (including commission) at Sotheby’s Contemporary Evening Sale, easily exceeding its high estimate of $1 million.

Hailed by the auction house as one of Ringgold’s “most important works” Dinner at Gertrude Stein’s Restaurant: French Collection Part Two, #10 It is one of 12 quilts in the artist’s “French Collection” series. The work depicts Stein at a dinner party, seated beneath Picasso’s iconic portrait and surrounded by the likes of James Baldwin and Ernest Hemingway.The work fetched more than four times the artist’s previous auction record of $375,000 listen to the trees (1997) 2018 at Sotheby’s.

Justin Cajiat, Saints are never busy2019

Priced at $1.1 million (estimate: $200,000 to $300,000)

Sotheby’s

This is the third work by Justin Caguiat to be auctioned at a major auction house. Saints are never busy (2019) was sold at Sotheby’s “The Now” evening auction for US$1.1 million (including commission), becoming the first seven-figure auction lot for this Japanese ultra-contemporary artist.

The work is part of Cajiat’s 2020 solo exhibition “Permutation City 1999” at the London Modern Art Exhibition and showcases the artist’s ingenious exploration of tone, texture and abstraction. It also touches on themes of imagination, memory and dreams that have become an important part of the fast-rising artist’s oeuvre.

The price reached is Saints are never busy Far surpassing the artist’s previous auction record of $787,400 To get closer to beauty, its body is fungible (2020), sold at Sotheby’s New York last May.

Priced at $882,000 (estimate: $600,000–$800,000)

Christie’s

Reggie Burrows Hodges serve others (2019) sold for $882,000 at Christie’s 21st Century Evening Sale, surpassing its high estimate of $800,000, marking the American artist’s fourth six-figure sale at auction in the past 12 months. Price deal.

The work contains several of the artist’s hallmarks, including two faceless black subjects – one holding an umbrella for the other – and the use of dense, expressive brushstrokes and ambiguous narratives. Burrows Hodges, represented by Karma, is currently the subject of a solo exhibition titled “Incline” at the San Francisco Museum of Modern Art.

$882,000 received serve others A significant improvement over the artist’s previous auction record (set last November) The intersection of colors: Loge (2019), sold for $730,800 at Christie’s.

Anna Mendieta, Untitled (Sand Girl Series)1983–84

Priced at $567,025 (estimate: $300,000–$500,000)

Christie’s

The late American artist Ana Mendieta set two new auction records at Christie’s Rosa de la Cruz Collection Evening Sale. First is the opening lot, Silueta Mexico Factory (1973-77), sold for $277,200, well above its estimate of $50,000-70,000. Then, after four batches, Untitled (Sand Girl Series) The sale price was $567,025, exceeding its high estimate of $500,000.

The latter works, made from sand and adhesive on plastic foam, are typical of Mendieta’s engagement with the body and the natural world. The work is part of the “Sand Women” series created while the artist was living in Rome. Known for her feminist approach to land art and earthworks in the 1970s and 1980s, Medita’s multifaceted work spans the mediums of performance, photography, film and sculpture.this Barbie Actor America Ferrara will play Mendieta in a new TV series, Naked by the windowlater this year.

In addition to the two records set last week, the artist’s previous auction benchmark was set in 2008 Untitled (from the Fetish Series) (1977), sold for £102,500 ($203,510) at Phillips de Pury & Company.

Priced at $381,000 (estimate: $300,000–$500,000)

phillips