Christie's Post War and Contemporary Art Morning Session

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Sale: NYC1726

New York

Thursday November 16, 2006, 10:00 am

Auction Summary

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Performance
Sales total was $43,955,000 ($51,221,200 including premium) a result 18.1% ($6,738,000) above high end estimate.


Of the 182 lots, 104 lots (57.1%) were sold above high estimate, 49 lots (26.9%) were sold within the estimated range, 15 lots (8.2%) were sold below low estimate. The sell-through rate was 92.3%, as 14 lots (7.7%) remained unsold (or were withdrawn before the auction).
Profile

Results from high to low estimates

Only the 100 highest estimated lots included.
No Estimate
Above
Within
Below
High/Low Estimate
More than 50% of the sales total was concentrated to 36 lots (21.4% of all sold lots), at a value of $22,040,000. The average price for those 36 lots was $612,222. The average price for the remaining 132 lots was $150,103.

Premium
For this auction, buyer's premium (auction house commission paid by the buyer) was calculated from the winning bid as follows: For any amount below $200,000, a fee of 20% is added. For any amount above $200,000, a fee of 12% is added. For this auction, the average buyer's premium was 16.5%.

Performance by Artist

To allow a comparison between winning bid and auction house estimates, the amounts below do not include buyer's premium, unless explicitly stated.
HIGHEST GROSSING ARTISTS
1Andy Warhol $7,432,00018 lots
2Josef Albers $3,085,0009 lots
3Roy Lichtenstein $3,000,0007 lots
4Alexander Calder $1,980,0005 lots
5Willem De Kooning $1,670,0004 lots
6Frank Stella $1,610,0005 lots
7Ed Ruscha $1,345,0005 lots
8Tom Wesselmann $1,320,0003 lots
9Robert Rauschenberg $1,170,0005 lots
10Morris Louis $1,150,0002 lots
HIGHEST GROSSING LOTS
1Andy WarholLot: 132 $2,000,000
2Andy WarholLot: 161 $1,300,000
3Alexander CalderLot: 126 $1,100,000
4Tom WesselmannLot: 162 $1,100,000
5Roy LichtensteinLot: 237 $900,000
6Morris LouisLot: 138 $850,000
7David SmithLot: 181 $820,000
8Roy LichtensteinLot: 163 $800,000
9Lee KrasnerLot: 122 $750,000
10Josef AlbersLot: 106 $720,000
HIGHEST ESTIMATED LOTS
1Morris LouisLot: 138$600,000 - $900,000$850,000$250,000 above low estimate
2David SmithLot: 181$600,000 - $800,000$820,000$20,000 above high estimate
3Richard DiebenkornLot: 151$600,000 - $800,000---unsold/withdrawn
4Tom WesselmannLot: 162$600,000 - $800,000$1,100,000$300,000 above high estimate
5Andy WarholLot: 132$600,000 - $800,000$2,000,000$1,200,000 above high estimate
6Willem De KooningLot: 121$500,000 - $700,000$600,000$100,000 above low estimate
7Roy LichtensteinLot: 237$500,000 - $700,000$900,000$200,000 above high estimate
8Lee KrasnerLot: 122$400,000 - $600,000$750,000$150,000 above high estimate
9Roy LichtensteinLot: 191$400,000 - $600,000$320,000$80,000 below low estimate
10Andy WarholLot: 161$400,000 - $600,000$1,300,000$700,000 above high estimate
11Alexander CalderLot: 213$400,000 - $600,000$450,000$50,000 above low estimate
12Alexander CalderLot: 126$400,000 - $600,000$1,100,000$500,000 above high estimate
13Richard DiebenkornLot: 204$400,000 - $600,000$380,000$20,000 below low estimate
14Roy LichtensteinLot: 163$400,000 - $600,000$800,000$200,000 above high estimate
15Hans HofmannLot: 125$400,000 - $600,000$600,000$200,000 above low estimate
BIGGEST SURPRISE LOTS
1Claes OldenburgLot: 206$40,000 - $60,000$320,0005.33 times high estimate
2Anthony CaroLot: 222$60,000 - $80,000$340,0004.25 times high estimate
3Andy WarholLot: 133$100,000 - $150,000$620,0004.13 times high estimate
4Andy WarholLot: 266$40,000 - $60,000$220,0003.67 times high estimate
5Arshile GorkyLot: 210$80,000 - $120,000$420,0003.50 times high estimate
6Ad ReinhardtLot: 129$80,000 - $120,000$420,0003.50 times high estimate
7Jackson PollockLot: 198$60,000 - $80,000$270,0003.38 times high estimate
8Josef AlbersLot: 101$80,000 - $120,000$360,0003.00 times high estimate


Table of Lots

Page 1 of 4
Christie's, Post War and Contemporary Art Morning Session, New York, November 16, 2006
Lot: 101Josef Albers
Homage To The Square: R-j3
Estimate: $80,000 - $120,000
Premium:    16.4%$59,200
Result with premium:   $419,200
$360,000
Lot: 102Josef Albers
Homage To The Square: Speech
Estimate: $80,000 - $120,000
Premium:    20.0%$38,000
Result with premium:   $228,000
$190,000
Lot: 103Josef Albers
Homage To The Square: Dark Core
Estimate: $200,000 - $300,000
Premium:    16.2%$61,600
Result with premium:   $441,600
$380,000
Lot: 104Josef Albers
Study For Variant (untitled)
Estimate: $25,000 - $35,000
Premium:    20.0%$9,000
Result with premium:   $54,000
$45,000
Lot: 105Josef Albers
Homage To The Square: Pompeian
Estimate: $100,000 - $150,000
Premium:    16.6%$58,000
Result with premium:   $408,000
$350,000
Lot: 106Josef Albers
Homage To The Square: R-iii A-3
Estimate: $200,000 - $300,000
Premium:    14.2%$102,400
Result with premium:   $822,400
$720,000
Lot: 107Josef Albers
Variant: Chalk Green Façade
Estimate: $180,000 - $220,000
Premium:    15.8%$66,400
Result with premium:   $486,400
$420,000
Lot: 108John Chamberlain
Untitled
Estimate: $100,000 - $150,000
Premium:    16.4%$59,200
Result with premium:   $419,200
$360,000
Lot: 109David Smith
Untitled
Estimate: $40,000 - $60,000
Premium:    20.0%$11,000
Result with premium:   $66,000
$55,000
Lot: 110Joan Mitchell
Untitled
Estimate: $50,000 - $70,000
Premium:    20.0%$24,000
Result with premium:   $144,000
$120,000
Lot: 111Robert Rauschenberg
Untitled
Estimate: $150,000 - $200,000
Premium:    19.0%$43,600
Result with premium:   $273,600
$230,000
Lot: 112Willem De Kooning
Untitled
Estimate: $200,000 - $300,000
Premium:    14.9%$82,000
Result with premium:   $632,000
$550,000
Lot: 113Franz Kline
Untitled (study For Black Sienna)
Estimate: $150,000 - $200,000
Premium:    20.0%$36,000
Result with premium:   $216,000
$180,000
Lot: 114Arshile Gorky
Composition
Estimate: $100,000 - $150,000
Premium:    20.0%$18,000
Result with premium:   $108,000
$90,000
Lot: 115Joseph Cornell
Sand Fountain
Estimate: $150,000 - $200,000
Premium:    17.7%$49,600
Result with premium:   $329,600
$280,000
Lot: 116Jean Dubuffet
Portrait De Jeune Femme
Estimate: $200,000 - $300,000
Premium:    19.3%$42,400
Result with premium:   $262,400
$220,000
Lot: 117Mark Tobey
Intervals
Estimate: $50,000 - $70,000
Premium:    20.0%$20,000
Result with premium:   $120,000
$100,000
Lot: 118Joseph Cornell
Untitled (blue Sand Box With Spiral)
Estimate: $30,000 - $50,000
Premium:    20.0%$19,000
Result with premium:   $114,000
$95,000
Lot: 119Willem De Kooning
Black And White Rome Q
Estimate: $350,000 - $450,000
Premium:    17.0%$54,400
Result with premium:   $374,400
$320,000
Lot: 120Conrad Marca-Relli
The Passage
Estimate: $150,000 - $200,000
Premium:    20.0%$24,000
Result with premium:   $144,000
$120,000
Lot: 121Willem De Kooning
Untitled #1
Estimate: $500,000 - $700,000
Premium:    14.7%$88,000
Result with premium:   $688,000
$600,000
Lot: 122Lee Krasner
Forest
Estimate: $400,000 - $600,000
Premium:    14.1%$106,000
Result with premium:   $856,000
$750,000
Lot: 123Frank Stella
Untitled
Estimate: $100,000 - $150,000
Premium:    20.0%$26,000
Result with premium:   $156,000
$130,000
Lot: 124Pierre Soulages
Peinture 81 X 60 Cm, 3 Mai 1956
Estimate: $250,000 - $350,000
Premium:    17.0%$54,400
Result with premium:   $374,400
$320,000
Lot: 125Hans Hofmann
The Phantom
Estimate: $400,000 - $600,000
Premium:    14.7%$88,000
Result with premium:   $688,000
$600,000
Lot: 126Alexander Calder
Four And Seven And Four
Estimate: $400,000 - $600,000
Premium:    13.5%$148,000
Result with premium:   $1,248,000
$1,100,000
Lot: 127Jim Dine
Orange Tie
Estimate: $60,000 - $80,000
Premium:    20.0%$20,000
Result with premium:   $120,000
$100,000
Lot: 128Ad Reinhardt
Abstract Painting
Estimate: $100,000 - $150,000
Premium:    17.0%$54,400
Result with premium:   $374,400
$320,000
Lot: 129Ad Reinhardt
Yellow Painting
Estimate: $80,000 - $120,000
Premium:    15.8%$66,400
Result with premium:   $486,400
$420,000
Lot: 130Jean Dubuffet
Tête En Tache De Moisissure
Estimate: $200,000 - $300,000
Premium:    15.6%$70,000
Result with premium:   $520,000
$450,000
Lot: 131Franz Kline
Hampton Ii
Estimate: $150,000 - $200,000
Premium:    17.3%$52,000
Result with premium:   $352,000
$300,000
Lot: 132Andy Warhol
Jackie
Estimate: $600,000 - $800,000
Premium:    12.8%$256,000
Result with premium:   $2,256,000
$2,000,000
Lot: 133Andy Warhol
Brillo Soap Pads Box
Estimate: $100,000 - $150,000
Premium:    14.6%$90,400
Result with premium:   $710,400
$620,000
Lot: 134Ellsworth Kelly
Coral Leaf 6
Estimate: $40,000 - $60,000
Premium:    20.0%$18,000
Result with premium:   $108,000
$90,000
Lot: 135Jim Dine
Milk
Estimate: $20,000 - $30,000
Premium:    20.0%$4,800
Result with premium:   $28,800
$24,000
Lot: 136Frank Stella
Untitled
Estimate: $120,000 - $180,000
Premium:    15.6%$70,000
Result with premium:   $520,000
$450,000
Lot: 137Helen Frankenthaler
Blue Atmosphere Iii
Estimate: $120,000 - $180,000
Premium:    20.0%$30,000
Result with premium:   $180,000
$150,000
Lot: 138Morris Louis
Saf Aleph
Estimate: $600,000 - $900,000
Premium:    13.9%$118,000
Result with premium:   $968,000
$850,000
Lot: 139Jules Olitski
Wet Heat Company
Estimate: $80,000 - $120,000
Premium:    20.0%$38,000
Result with premium:   $228,000
$190,000
Lot: 140David Smith
Untitled
Estimate: $60,000 - $80,000
Premium:    20.0%$17,000
Result with premium:   $102,000
$85,000
Lot: 141Josef Albers
Homage To The Square: Desert Blooming
Estimate: $100,000 - $150,000
Premium:    17.3%$52,000
Result with premium:   $352,000
$300,000
Lot: 142Morris Louis
Number 1-58
Estimate: $100,000 - $150,000
Premium:    17.3%$52,000
Result with premium:   $352,000
$300,000
Lot: 143Frank Stella
Conway Ii
Estimate: $250,000 - $350,000
Premium:    16.2%$61,600
Result with premium:   $441,600
$380,000
Lot: 144Lucio Fontana
Concetto Spaziale, Teatrino
Estimate: $250,000 - $350,000
Premium:    17.2%$53,200
Result with premium:   $363,200
$310,000
Lot: 145Victor Vasarely
Procion 1/1
Estimate: $200,000 - $300,000unsold/withdrawn
Lot: 146Karel Appel
Tête Volante
Estimate: $100,000 - $150,000
Premium:    17.7%$49,600
Result with premium:   $329,600
$280,000
Lot: 147Zao Wou-Ki
Untitled
Estimate: $200,000 - $300,000
Premium:    17.7%$49,600
Result with premium:   $329,600
$280,000
Lot: 148Franz Kline
Study For Siegfried
Estimate: $200,000 - $300,000
Premium:    20.0%$38,000
Result with premium:   $228,000
$190,000
Lot: 149Cy Twombly
Untitled (off Africa)
Estimate: $90,000 - $120,000
Premium:    20.0%$32,000
Result with premium:   $192,000
$160,000
Lot: 150Joseph Cornell
Untitled (girl And Two Columns)
Estimate: $150,000 - $200,000unsold/withdrawn

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