New York auction of post-war and contemporary art gives Sotheby’s its biggest take yet
Art collectors dug deep into their pockets on Wednesday and smashed records for a second straight night as Sotheby’s held the biggest auction in its history, led by a record-setting $105 million (€78 million) work by Andy Warhol.
The auction of postwar and contemporary art totalled $380.6 million (€283 million) and set new auction records for major artists Cy Twombly and Brice Marden.
Of the 61 lots on offer only seven failed to sell. The total was just shy of the $394 million high pre-sale estimate and marked the auction house’s second solid success in a row after it scored with a $290 million sale of Impressionist and modern art a week ago.
The sale’s expected highlight far exceeded expectations. Warhol’s Silver Car Crash (Doubled Disaster), from his seminal death and disaster series, soared to $105,445,000 including commission, 50 per cent higher than the late pop artist’s previous auction record of $71.7 million.
Sotheby’s did not disclose the buyer, who was bidding by telephone. It had estimated the nearly 2.7m by 4.2m work from 1963 to sell for “in excess of $60 million” but that figure turned out to be the opening bid.
Read more at The Irish Times