Warhol, Koons Lead Sotheby's $364.3 million Contemporary Art Sale

  • May 14, 2014 23:35

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A 7-ft. tall Popeye by Jeff Koons headlines this month at Sotheby's. The estimate is $25 million.

A giant 'Popeye' by Jeff Koons and contemporary works from the collection of Adam Sender were the top performers in a $364.3 million Sotheby's sale (including premium) on Wednesday night. The sale fell squarely within its pre-sale estimate of $339 million to $478 million.

Following Christie's historic $745 million sale on Tuesday night, the highest single auction total ever, the Sotheby's sale had some lackluster moments. Twelve lots failed to sell, including a Joan Mitchell painting at $5.75 million. At Christie’s the night before Mitchell became the world’s most expensive female artist with a $11.9 million record price.

New records were set for eight artists, including Julian Schnabel, Wade Guyton, Rosemarie Trockel, Dan Flavin, Adam McEwen, Matthew Barney, Sarah Lucas and Keith Haring.

Andy Warhol’s Six Self Portraits, which hammered near the low estimate for $26.75 million, was the sale's top lot. Koons's 'Popeye' went for $25 million hammer, selling to casino mogul Steve Wynn.

Read more at Gallerist

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