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Christie's Post-War & Contemporary Wrap-Up

May 13, 2009 by Marion Maneker

Strong night at Christie’s again showing strength with many lots selling. $93 million with 91% of the lots sold! Thirty lots over $1 million.

Geography: 69% American, 26% European, 2% Asian and 2% other.

Freeman collection opens strong but the rest of the sale follows through. More works selling within or above estimate range. The market is subdued but active and orderly.

Gorvy: There was definitely magic in the air. Extraordinary viewing over the weekend. Had great anticipation. Working the consignors; getting estimates correct and adjusting to the new market. Deep bidding.

Paulson: Freeman collection became an attraction to other consignors. Keep the momentum going. Sale well textured. Shows the diversity of the market. Ability of bidders to compete but still a level of moderation.

Cappellazzo: Team effort by the whole group. We read it right. Sometimes felt like a year ago.

Did you make calls today to ask consignors to lower their reserves?

Cappellazzo: All day; All the Time!

Gorvy: Pleased with Hockney world record price. Gratifying to see this painting make a record price at this moment.

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Filed Under: Auction Results

About Marion Maneker

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