"On Monday night, Christie's kicked off its fall marquee auctions with back-to-back auctions in a packed house full of collectors and advisers ready to bid. The sale, which saw at least a dozen lots spark bidding wars, brought in a combined $690 million with fees. That total was well above the pre-sale low estimate of $534.7 million, though it did come in just over 5 percent below the pre-sale high of $731.5 million."
"The Robert and Patricia Ross Weiss sale, composed of 18 lots from the collection of the late former chairman of the supermarket chain Weis Markets, started the night with works spanning some of the 20th century's most important movements, from Cubism to Abstract Expressionism, including pieces by Pablo Picasso, Henri Matisse, Piet Mondrian, and Mark Rothko."
"The night's combined total of $690 million on 79 lots was a 41 percent increase over the equivalent sale in May, which brought in $489 million with fees from the 20th century sale and a separate auction for works from the collection of Len and Louise Riggio.The equivalent double-header sale in November 2024 generated $486 million on 72 lots, 19 of which came from a single-owner sale of works from the collection of designer and philanthropist Mica Ertegun."
Christie's conducted back-to-back fall marquee auctions in a packed room, generating a combined $690 million with fees across 79 lots. The total exceeded the pre-sale low estimate of $534.7 million and fell just over 5 percent short of the pre-sale high of $731.5 million. The evening opened with an 18-lot Robert and Patricia Ross Weiss single-owner sale featuring works by Picasso, Matisse, Mondrian, and Rothko, with more than 60 additional Weiss lots pending in later sales. A 62-lot 20th-century sale followed, offering works by Calder, Hockney, Chagall, and Giacometti among others. Sell-through rates reached 97 percent by value and 96 percent by lot; one lot was withdrawn and three failed to sell.
Read at ARTnews.com
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