Contemporary Art Auctions: New York Fall 2006

FOR IMMEDIATE RELEASE

Chelseaartgalleries.com Launches Auction Coverage

This page is available online here.

New York, NY - November 21, 2006 Chelseaartgalleries.com announced today that they are launching coverage of contemporary art auctions starting with the auctions in New York, November 14th - 17th, 2006. The coverage includes a complete list of all lots (with artists, estimates and results), a performance overview following the auction week each spring and fall, as well as full integration of the auction results into the chelseaartgalleries.com website.

"Our goal is to put information at the fingertips of our users, and no where else, online or offline, can you find auction results, together with other artist information, conveniently summarized in one easy-to-view page", says Alessandra Almgren, editor at chelseaartgalleries.com. "For example, the artist page for Jean-Michel Basquiat now includes not only galleries, shows, sample works, and books, but also all the six auction results from the recent contemporary art auctions in New York."

New York, November 14th - 17th, 2006

Tuesday November 14Sotheby's Contemporary Art Evening83 lots
Wednesday November 15Sotheby's Contemporary Art482 lots
Wednesday November 15Christie's Post War and Contemporary Art Evening Sa...81 lots
Thursday November 16Christie's Post War and Contemporary Art Morning 182 lots
Thursday November 16Christie's Post War and Contemporary Art Afternoon 236 lots
Thursday November 16Phillips De Pury Contemporary Art Part I68 lots
Friday November 17Phillips De Pury Contemporary Art Part II377 lots
Performance
Sales total was $470,051,650 ($536,541,180 including premium), a result within the estimated range.


Of the 1,509 lots, 611 lots (40.5%) were sold above high estimate, 440 lots (29.2%) were sold within the estimated range, 215 lots (14.2%) were sold below low estimate. The sell-through rate was 83.9%, as 243 lots (16.1%) remained unsold (or were withdrawn before the auction).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 42 lots (3.3% of all sold lots), at a value of $236,350,000. The average price for those 42 lots was $5,627,381. The average price for the remaining 1,224 lots was $159,306.

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 $83,456,00065 lots
2Willem De Kooning $64,500,00014 lots
3Roy Lichtenstein $29,140,00018 lots
4Clyfford Still $19,000,0001 lots
5Francis Bacon $13,400,0001 lots
6Gerhard Richter $12,672,00013 lots
7David Smith $7,762,5008 lots
8Alexander Calder $7,532,50027 lots
9Frank Stella $6,585,00012 lots
10Richard Diebenkorn $6,435,0005 lots
11Josef Albers $6,165,00017 lots
12Richard Prince $6,023,00016 lots
13Agnes Martin $6,010,0005 lots
14Sam Francis $5,717,50019 lots
15Jean Dubuffet $5,295,00010 lots
16Jeff Koons $5,070,0004 lots
17Mark Rothko $4,600,0003 lots
18Jean-Michel Basquiat $4,388,0005 lots
19Cy Twombly $4,260,0002 lots
20Damien Hirst $4,157,5009 lots
HIGHEST GROSSING LOTS
1Christie's Post War and Contemporary Art Evening Sa...
Willem De KooningLot: 29 $24,200,000
2Christie's Post War and Contemporary Art Evening Sa...
Clyfford StillLot: 44 $19,000,000
3Christie's Post War and Contemporary Art Evening Sa...
Andy WarholLot: 16 $15,500,000
4Christie's Post War and Contemporary Art Evening Sa...
Andy WarholLot: 32 $14,500,000
5Christie's Post War and Contemporary Art Evening Sa...
Andy WarholLot: 37 $14,000,000
6Sotheby's Contemporary Art Evening
Francis BaconLot: 5 $13,400,000
7Sotheby's Contemporary Art Evening
Willem De KooningLot: 37 $9,500,000
8Christie's Post War and Contemporary Art Evening Sa...
Willem De KooningLot: 31 $8,600,000
9Christie's Post War and Contemporary Art Evening Sa...
Roy LichtensteinLot: 25 $8,500,000
10Christie's Post War and Contemporary Art Evening Sa...
Willem De KooningLot: 24 $7,200,000
HIGHEST ESTIMATED LOTS
1Christie's Post War and Contemporary Art Evening Sale
Andy WarholLot: 37No Estimate Published$14,000,000sold (unknown estimate)
2Christie's Post War and Contemporary Art Afternoon Session
Zhang XiaogangLot: 344No Estimate Published$720,000sold (unknown estimate)
3Christie's Post War and Contemporary Art Afternoon Session
Raymond PettibonLot: 321No Estimate Published---unsold/withdrawn
4Christie's Post War and Contemporary Art Evening Sale
Willem De KooningLot: 29No Estimate Published$24,200,000sold (unknown estimate)
5Christie's Post War and Contemporary Art Evening Sale
Andy WarholLot: 32$10,000,000 - $15,000,000$14,500,000$4,500,000 above low estimate
6Christie's Post War and Contemporary Art Evening Sale
Andy WarholLot: 16$8,000,000 - $12,000,000$15,500,000$3,500,000 above high estimate
7Sotheby's Contemporary Art Evening
Francis BaconLot: 5$9,000,000 - $12,000,000$13,400,000$1,400,000 above high estimate
8Sotheby's Contemporary Art Evening
Roy LichtensteinLot: 56$8,000,000 - $10,000,000---unsold/withdrawn
9Sotheby's Contemporary Art Evening
Willem De KooningLot: 37$7,500,000 - $9,500,000$9,500,000$2,000,000 above low estimate
10Christie's Post War and Contemporary Art Evening Sale
Roy LichtensteinLot: 25$7,000,000 - $9,000,000$8,500,000$1,500,000 above low estimate
11Christie's Post War and Contemporary Art Evening Sale
Jackson PollockLot: 40$7,000,000 - $9,000,000---unsold/withdrawn
12Sotheby's Contemporary Art Evening
Roy LichtensteinLot: 49$6,000,000 - $8,000,000$5,900,000$100,000 below low estimate
13Christie's Post War and Contemporary Art Evening Sale
Clyfford StillLot: 44$5,000,000 - $7,000,000$19,000,000$12,000,000 above high estimate
14Sotheby's Contemporary Art Evening
David SmithLot: 33$5,000,000 - $7,000,000---unsold/withdrawn
15Christie's Post War and Contemporary Art Evening Sale
Willem De KooningLot: 24$5,000,000 - $7,000,000$7,200,000$200,000 above high estimate
BIGGEST SURPRISE LOTS
1Sotheby's Contemporary Art
Andy WarholLot: 259$30,000 - $35,000$300,0008.57 times high estimate
2Christie's Post War and Contemporary Art Afternoon Session
Chris BurdenLot: 492$8,000 - $12,000$70,0005.83 times high estimate
3Sotheby's Contemporary Art
Pat SteirLot: 416$8,000 - $12,000$70,0005.83 times high estimate
4Christie's Post War and Contemporary Art Morning Session
Claes OldenburgLot: 206$40,000 - $60,000$320,0005.33 times high estimate
5Christie's Post War and Contemporary Art Afternoon Session
Robert ColescottLot: 470$10,000 - $15,000$78,0005.20 times high estimate
6Sotheby's Contemporary Art
Josef AlbersLot: 179$30,000 - $40,000$190,0004.75 times high estimate
7Christie's Post War and Contemporary Art Afternoon Session
Li SongsongLot: 503$30,000 - $50,000$230,0004.60 times high estimate
8Sotheby's Contemporary Art Evening
Anish KapoorLot: 27$350,000 - $450,000$2,000,0004.44 times high estimate
BIGGEST SURPRISE ARTISTS
1Robert Colescott2 lots$20,000 - $30,000$136,0004.5 times high estimate
2Wangechi Mutu2 lots$35,000 - $50,000$143,0002.9 times high estimate
3Anish Kapoor2 lots$850,000 - $1,150,000$2,680,0002.3 times high estimate
4Malcolm Morley2 lots$107,000 - $159,000$350,0002.2 times high estimate
5Li Shan2 lots$32,000 - $48,000$104,0002.2 times high estimate
6Anthony Caro2 lots$120,000 - $160,000$340,0002.1 times high estimate
7Jonathan Meese2 lots$80,000 - $105,000$219,0002.1 times high estimate
8Tal R2 lots$90,000 - $130,000$270,0002.1 times high estimate
Based on total sales for artist of more than $100,000 and more than 50% above high end estimate.

Evening Sales

If looking at the evening sales only, the values are as follows:
Performance
Sales total was $349,431,000 ($394,529,200 including premium), a result within the estimated range.


Of the 232 lots, 89 lots (38.4%) were sold above high estimate, 72 lots (31.0%) were sold within the estimated range, 47 lots (20.3%) were sold below low estimate. The sell-through rate was 89.7%, as 24 lots (10.3%) 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 19 lots (9.1% of all sold lots), at a value of $176,100,000. The average price for those 19 lots was $9,268,421. The average price for the remaining 189 lots was $813,761.

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 $71,650,00015 lots
2Willem De Kooning $62,750,0008 lots
3Roy Lichtenstein $24,490,0008 lots
4Clyfford Still $19,000,0001 lots
5Francis Bacon $13,400,0001 lots
6Gerhard Richter $11,620,0005 lots
7Agnes Martin $5,700,0004 lots
8Richard Diebenkorn $5,500,0001 lots
9David Smith $5,500,0002 lots
10Frank Stella $4,720,0004 lots
11Jeff Koons $4,650,0003 lots
12Mark Rothko $4,600,0003 lots
13Richard Prince $4,580,0006 lots
14Cy Twombly $4,100,0001 lots
15Louise Bourgeois $3,980,0002 lots
16Jean-Michel Basquiat $3,800,0002 lots
17Carl Andre $3,700,0004 lots
18Sam Francis $3,600,0001 lots
19Mark Tansey $3,600,0002 lots
20Damien Hirst $3,600,0004 lots
HIGHEST GROSSING LOTS
1Christie's Post War and Contemporary Art Evening Sa...
Willem De KooningLot: 29 $24,200,000
2Christie's Post War and Contemporary Art Evening Sa...
Clyfford StillLot: 44 $19,000,000
3Christie's Post War and Contemporary Art Evening Sa...
Andy WarholLot: 16 $15,500,000
4Christie's Post War and Contemporary Art Evening Sa...
Andy WarholLot: 32 $14,500,000
5Christie's Post War and Contemporary Art Evening Sa...
Andy WarholLot: 37 $14,000,000
6Sotheby's Contemporary Art Evening
Francis BaconLot: 5 $13,400,000
7Sotheby's Contemporary Art Evening
Willem De KooningLot: 37 $9,500,000
8Christie's Post War and Contemporary Art Evening Sa...
Willem De KooningLot: 31 $8,600,000
9Christie's Post War and Contemporary Art Evening Sa...
Roy LichtensteinLot: 25 $8,500,000
10Christie's Post War and Contemporary Art Evening Sa...
Willem De KooningLot: 24 $7,200,000
HIGHEST ESTIMATED LOTS
1Christie's Post War and Contemporary Art Evening Sale
Willem De KooningLot: 29No Estimate Published$24,200,000sold (unknown estimate)
2Christie's Post War and Contemporary Art Evening Sale
Andy WarholLot: 37No Estimate Published$14,000,000sold (unknown estimate)
3Christie's Post War and Contemporary Art Evening Sale
Andy WarholLot: 32$10,000,000 - $15,000,000$14,500,000$4,500,000 above low estimate
4Christie's Post War and Contemporary Art Evening Sale
Andy WarholLot: 16$8,000,000 - $12,000,000$15,500,000$3,500,000 above high estimate
5Sotheby's Contemporary Art Evening
Francis BaconLot: 5$9,000,000 - $12,000,000$13,400,000$1,400,000 above high estimate
6Sotheby's Contemporary Art Evening
Roy LichtensteinLot: 56$8,000,000 - $10,000,000---unsold/withdrawn
7Sotheby's Contemporary Art Evening
Willem De KooningLot: 37$7,500,000 - $9,500,000$9,500,000$2,000,000 above low estimate
8Christie's Post War and Contemporary Art Evening Sale
Jackson PollockLot: 40$7,000,000 - $9,000,000---unsold/withdrawn
9Christie's Post War and Contemporary Art Evening Sale
Roy LichtensteinLot: 25$7,000,000 - $9,000,000$8,500,000$1,500,000 above low estimate
10Sotheby's Contemporary Art Evening
Roy LichtensteinLot: 49$6,000,000 - $8,000,000$5,900,000$100,000 below low estimate
11Christie's Post War and Contemporary Art Evening Sale
Willem De KooningLot: 24$5,000,000 - $7,000,000$7,200,000$200,000 above high estimate
12Sotheby's Contemporary Art Evening
David SmithLot: 33$5,000,000 - $7,000,000---unsold/withdrawn
13Christie's Post War and Contemporary Art Evening Sale
Clyfford StillLot: 44$5,000,000 - $7,000,000$19,000,000$12,000,000 above high estimate
14Christie's Post War and Contemporary Art Evening Sale
Willem De KooningLot: 45$4,000,000 - $6,000,000$4,800,000$800,000 above low estimate
15Sotheby's Contemporary Art Evening
Andy WarholLot: 59$4,000,000 - $6,000,000$6,100,000$100,000 above high estimate
BIGGEST SURPRISE LOTS
1Sotheby's Contemporary Art Evening
Anish KapoorLot: 27$350,000 - $450,000$2,000,0004.44 times high estimate
2Phillips De Pury Contemporary Art Part I
George CondoLot: 54$40,000 - $60,000$190,0003.17 times high estimate
3Phillips De Pury Contemporary Art Part I
Mark HandforthLot: 1$20,000 - $30,000$95,0003.17 times high estimate
4Sotheby's Contemporary Art Evening
Martin EderLot: 80$100,000 - $150,000$450,0003.00 times high estimate
5Christie's Post War and Contemporary Art Evening Sale
Andy WarholLot: 36$500,000 - $700,000$2,000,0002.86 times high estimate
6Phillips De Pury Contemporary Art Part I
Cecily BrownLot: 10$80,000 - $120,000$340,0002.83 times high estimate
7Christie's Post War and Contemporary Art Evening Sale
Clyfford StillLot: 44$5,000,000 - $7,000,000$19,000,0002.71 times high estimate
8Christie's Post War and Contemporary Art Evening Sale
Andy WarholLot: 62$900,000 - $1,200,000$3,000,0002.50 times high estimate

Morning and Afternoon Sales

If looking at the morning and afternoon sales only, the values are as follows:
Performance
Sales total was $120,620,650 ($142,011,980 including premium), a result within the estimated range.


Of the 1,277 lots, 522 lots (40.9%) were sold above high estimate, 368 lots (28.8%) were sold within the estimated range, 168 lots (13.2%) were sold below low estimate. The sell-through rate was 82.9%, as 219 lots (17.1%) 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 137 lots (12.9% of all sold lots), at a value of $60,340,000. The average price for those 137 lots was $440,438. The average price for the remaining 921 lots was $52,878.

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 $11,806,00050 lots
2Roy Lichtenstein $4,650,00010 lots
3Josef Albers $4,365,00015 lots
4Alexander Calder $4,232,50024 lots
5Keith Haring $2,478,50012 lots
6Ed Ruscha $2,400,00013 lots
7Zhang Xiaogang $2,370,0006 lots
8David Smith $2,262,5006 lots
9Robert Rauschenberg $2,240,00010 lots
10Lee Krasner $2,230,0004 lots
11Sam Francis $2,117,50018 lots
12Robert Indiana $1,945,0006 lots
13Frank Stella $1,865,0008 lots
14Jean Dubuffet $1,845,0008 lots
15Franz Kline $1,840,0006 lots
16Willem De Kooning $1,750,0006 lots
17Morris Louis $1,680,0003 lots
18Helen Frankenthaler $1,550,0005 lots
19Cindy Sherman $1,513,00011 lots
20Tom Wesselmann $1,502,0006 lots
HIGHEST GROSSING LOTS
1Christie's Post War and Contemporary Art Morning Se...
Andy WarholLot: 132 $2,000,000
2Christie's Post War and Contemporary Art Morning Se...
Andy WarholLot: 161 $1,300,000
3Christie's Post War and Contemporary Art Morning Se...
Alexander CalderLot: 126 $1,100,000
4Christie's Post War and Contemporary Art Morning Se...
Tom WesselmannLot: 162 $1,100,000
5Sotheby's Contemporary Art
Roy LichtensteinLot: 271 $1,000,000
6Christie's Post War and Contemporary Art Morning Se...
Roy LichtensteinLot: 237 $900,000
7Sotheby's Contemporary Art
Robert Rauschenb...Lot: 277 $875,000
8Christie's Post War and Contemporary Art Morning Se...
Morris LouisLot: 138 $850,000
9Christie's Post War and Contemporary Art Morning Se...
David SmithLot: 181 $820,000
10Sotheby's Contemporary Art
David SmithLot: 122 $810,000
HIGHEST ESTIMATED LOTS
1Christie's Post War and Contemporary Art Afternoon Session
Zhang XiaogangLot: 344No Estimate Published$720,000sold (unknown estimate)
2Christie's Post War and Contemporary Art Afternoon Session
Raymond PettibonLot: 321No Estimate Published---unsold/withdrawn
3Christie's Post War and Contemporary Art Morning Session
Morris LouisLot: 138$600,000 - $900,000$850,000$250,000 above low estimate
4Sotheby's Contemporary Art
Willem De KooningLot: 125$650,000 - $850,000---unsold/withdrawn
5Christie's Post War and Contemporary Art Morning Session
Richard DiebenkornLot: 151$600,000 - $800,000---unsold/withdrawn
6Christie's Post War and Contemporary Art Morning Session
Andy WarholLot: 132$600,000 - $800,000$2,000,000$1,200,000 above high estimate
7Christie's Post War and Contemporary Art Morning Session
Tom WesselmannLot: 162$600,000 - $800,000$1,100,000$300,000 above high estimate
8Christie's Post War and Contemporary Art Morning Session
David SmithLot: 181$600,000 - $800,000$820,000$20,000 above high estimate
9Sotheby's Contemporary Art
Roy LichtensteinLot: 271$500,000 - $700,000$1,000,000$300,000 above high estimate
10Sotheby's Contemporary Art
Robert Rauschenb...Lot: 277$500,000 - $700,000$875,000$175,000 above high estimate
11Christie's Post War and Contemporary Art Morning Session
Roy LichtensteinLot: 237$500,000 - $700,000$900,000$200,000 above high estimate
12Christie's Post War and Contemporary Art Morning Session
Willem De KooningLot: 121$500,000 - $700,000$600,000$100,000 above low estimate
13Sotheby's Contemporary Art
Morris LouisLot: 194$400,000 - $600,000---unsold/withdrawn
14Christie's Post War and Contemporary Art Afternoon Session
Franz AckermannLot: 377$400,000 - $600,000$350,000$50,000 below low estimate
15Christie's Post War and Contemporary Art Morning Session
Hans HofmannLot: 125$400,000 - $600,000$600,000$200,000 above low estimate
BIGGEST SURPRISE LOTS
1Sotheby's Contemporary Art
Andy WarholLot: 259$30,000 - $35,000$300,0008.57 times high estimate
2Christie's Post War and Contemporary Art Afternoon Session
Chris BurdenLot: 492$8,000 - $12,000$70,0005.83 times high estimate
3Sotheby's Contemporary Art
Pat SteirLot: 416$8,000 - $12,000$70,0005.83 times high estimate
4Christie's Post War and Contemporary Art Morning Session
Claes OldenburgLot: 206$40,000 - $60,000$320,0005.33 times high estimate
5Christie's Post War and Contemporary Art Afternoon Session
Robert ColescottLot: 470$10,000 - $15,000$78,0005.20 times high estimate
6Sotheby's Contemporary Art
Josef AlbersLot: 179$30,000 - $40,000$190,0004.75 times high estimate
7Christie's Post War and Contemporary Art Afternoon Session
Li SongsongLot: 503$30,000 - $50,000$230,0004.60 times high estimate
8Phillips De Pury Contemporary Art Part II
Wangechi MutuLot: 101$15,000 - $20,000$88,0004.40 times high estimate

About chelseaartgalleries.com

Chelseaartgalleries.com (CAG) is a comprehensive and up-to-date guide to galleries and art in Chelsea (Manhattan). The information is updated daily, and currently covers 319 galleries, 2,152 shows, and 8,329 artists. The website was launched in January 2006.

CAG's mission is to be the site of record for the Chelsea art world. The information we provide has been referenced in newspapers, art magazines and on art sites around the globe, including The New York Times, USA Today, Le Monde, The Shin Bijutsu Shinbun (formerly The Japan Art News), Artnet.com, artsjournal.com, and in art blogs too numerous to mention.

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