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Rare Never Exhibited Bacon on Offer at Christie's


A rare Francis Bacon triptych that has never before been seen in public and has never been offered at auction is expected to fetch over $20 million during Christie's Contemporary Art Sales in London at the end of the month. Painted in Paris in 1975, Three Studies for a Self Portrait (above) is similar in character to the Bacon triptych that sold for $28 million at Christie's last month. Also starring in the sales on June 30 through July 1: Lucian Freud's Naked Potrait with Reflection, one of the most important works by the artist ever to be offered at auction, est. $20 million - $30 million; Jeff Koons' Balloon Flower (Magenta), 1995-2000, the most important Koons work ever offered at auction in Europe, est. about $25 million; Andy Warhol's Nine Multicolored Marilyns, est. $5 million - $7 million; and Jean-Michel Basquiat's Trunk, painted in 1982, est. $2 - $3 million.

Gallery: Christie's Summer Sale

Basquiat's TrunkKoons' BalloonFreud's NakedWarhol's MarilynsWarhol's Skull

Rothko and Neutra Sell Big at Christie's


The economy may be slumping but you wouldn't know that from the numbers being racked up at Christie's. The auction house rang in strong numbers on Tuesday night for their spring Contemporary Art Auction which my colleague, Jared Paul Stern mentioned earlier this month. The NY Times reports that there were often only a couple of bidders on each piece but the total haul of $348.2 million falls neatly between the low estimate of $282 million and the high of $398.6 million. The majority of the buyers were American but the Russians were also out in force. The top lot was Rothko's No. 15 which sold for $50.4 million. A similar Rothko is set to be auctioned off tonight at Sotheby's. Lucian Freud's painting Benefits Supervisor Sleeping brought in $33.6 million setting a new record for a Freud sold at auction and giving him back the record of being the living artist with the most expensive work sold at auction (Jeff Koons claimed the title last November).

Perhaps the most interesting lot was the one you can live in. The Kaufmann House, in Palm Springs, Calif., a classic Richard Neutra home sold for $16.8 million including commission. The mystery buyer also purchased a plot of land adjacent to the property for $2.1 million.

[Thanks, Rob]

Gallery: Christie's Contemporary Art Auction

Clyfford StillGerhard RichterFrancis BaconAndy WarholLucian Freud

Christie's $400 Million Contemporary Art Auction


On May 13, Christie's New York will stage an incredible Post-War and Contemporary Art sale that could realize close to $400 million. Several museum-quality works are on offer among the 57 lots, and Christie's expects several records to be set. Highlights include Francis Bacon's 1976 Three Studies for Self -Portrait, estimated at $25 - $35 million; a morbidly obese Lucian Freud nude, billed as the most important Freud painting ever offered at auction, also est. $25 - $35 million; Willem De Kooning's 1975 Untitled IV, est. $10 - $15 million; several major works by Andy Warhol including his 1962 Campbell's Soup Can (Pepper Pot), est. $6 - $8 million, and his 1986 Self-Portrait, pictured here, est. $2.5 - $3.5 million; Jean-Michel Basquiat's 1987 Victor 25448, est. $4.5 million - $6.5 million; and many more. Some story-hungry members of the press may be rooting for an art market crash, but we're not buying it.

Gallery: Christie's Contemporary Art Auction

Francis Bacon self portrait.Jean-Michel Basquiat.Willem De Kooning.Damian Hirst.Jackie by Andy Warhol.

Damien Hirst Is Most Expensive Living Artist

Damien Hirst is now the world's most expensive living artist, which is quite a title considering the price many pieces are going for at auction these days. America's Jasper Johns held the honor previously, on and off since the 1980s, along with Willem de Kooning from 1989-1997. Damien Hirst officially took the title when his Lullaby Spring pill cabinet sold for $19.1 million at Sotheby's, but he didn't take it directly from Jasper Johns. Just 24 hours earlier artist Lucian Frued had the title (yep, for just one day) after his "Bruce Bernard" portrait sold for $16.5 million in London.

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