Art Basel in Hong Kong is kicking off a season of seventies de Koonings as several works come to market in the wake of the record price set two years ago when a much-traded work from 1977, Untitled XXV sold for $66.3m.
Lévy Gorvy announced today that it would be offering Paul Allen’s six-and-a-half-foot tall Untitled XII from 1975 with an asking price of $35m. Previously, Sotheby’s announced that it would be holding a private sales exhibition in Hong Kong that same week with a smaller (four-and-a-half-foot by five-foot) untitled work from 1977.
Bloomberg’s Katya Kazakina also toted up the de Koonings that will follow on during the New York sales in May:
Some lower-priced de Kooning paintings will be offered during the May auctions in New York: a 1976 “Untitled XVIII” from the estate of billionaire couple Joan and Preston Robert Tisch […] at Christie’s; and a 1978 “Untitled VI” sold by the Mandel Foundation at Sotheby’s.
Billionaire Plans to Part With $35 Million Painting at Hong Kong’s Art Basel (Bloomberg)
