Christie's New York Sale Nets $277 Million, Sets Records for de Kooning and Others
On Tuesday, November 18, 2016, a Christie's auction in New York garnered a remarkable $277 million, reflecting a stable market. The highlight of the event was Willem de Kooning's 'Untitled XXV' from 1977, which fetched $66.3 million, exceeding its $40 million estimate and marking the highest price ever for the artist. Additionally, new records were set for artists John Currin, Jean Dubuffet, Giuseppe Gallo, and Jonathan Horowitz during the contemporary and postwar sale. According to artnet news, the auction's robust results showcased ongoing confidence among collectors in the art market.
Key facts
- Christie's held a postwar and contemporary art sale in New York on Tuesday, November 18, 2016
- The sale totaled $277 million (approximately £225 million)
- Willem de Kooning's painting 'Untitled XXV' (1977) sold for $66.3 million (approximately £53.7 million)
- The de Kooning sale set a record as the highest price ever paid for the artist
- The painting exceeded its $40 million estimate
- Records were broken for artists John Currin, Jean Dubuffet, Giuseppe Gallo, and Jonathan Horowitz
- artnet news reported on the sale
- The results indicated confidence in the art market
Entities
Artists
- Willem de Kooning
- John Currin
- Jean Dubuffet
- Giuseppe Gallo
- Jonathan Horowitz
Institutions
- Christie's
- artnet news
Locations
- New York
- United States