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Wednesday, 07 November 2012 19:59

Christie’s Predicts a Blockbuster Contemporary Sale

Jean-Michel Basquiat, Untitled, 1981. Jean-Michel Basquiat, Untitled, 1981. Christie's

After a monumental postwar and contemporary auction that totaled $386 million this past spring, Christie’s expects an even bigger sale this November. Taking place November 14–15 in New York, the auction house estimates that the Post-War and Contemporary Art Sale could garner more than $441 million.

The 74-lot evening auction includes Andy Warhol’s Statue of Liberty canvas expected to bring in around $35 million and one of his silkscreens of Marlon Brando estimated at $15-$20 million. Other major draws include Jeff Koons’ balloon tulips for $25 million, a Rothko painting for $15-$20 million, and works by market darlings Alexander Calder, Gerhard Richter, Franz Kline, Ellsworth Kelly, and Jasper Johns. Jean-Michel Basquiat’s Untitled (1981) is expected to set records for the artist with an estimate of $20 million.

Christie’s has already brought in $928 million in contemporary art sales this year.

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