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Thursday, 10 May 2012 - New record for Lichtenstein at Sotheby's postwar auction |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. 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See the best of Reuters photography.  See more | Photo caption  Photo focus: Illumination Exposing for the light often creates a dramatic focal point in the image.  Slideshow  Syrian uprising A look inside Syria as mass protests against President Bashar al-Assad give way to armed rebellion.  Slideshow  New record for Lichtenstein at Sotheby's postwar auction Tweet Share this Email Print Roy Lichtenstein's Sleeping Girl from 1964 is shown in this image released to Reuters on May 9, 2012. Sleeping Girl sold for $44,882,500 setting a new record for the artist at auction (est. $30/40 million). Sleeping Girl is one of the high-points of the Lichtenstein's comic book inspired paintings and an icon of Post-War American art that has not appeared on the market since it was purchased by noted West Coast collectors and philanthropists Beatrice and Phillip Gersh, from the Ferus Gallery in 1964. Credit: Reuters/Sotheby's/Handout Related News Prices soar, records tumble at Christie's post-war auction Wed, May 9 2012 REFILE-Prices soar, records tumble at Christie's post-war auction Wed, May 9 2012 Munch's "The Scream" sells for record $120 million Thu, May 3 2012 Sale of "The Scream" could top auction record: experts Tue, May 1 2012 Smart dragon tops list of fiction's richest characters Mon, Apr 23 2012 Analysis & Opinion What price beauty? The business of art fairs Related Topics Entertainment » Fashion » Arts » By Chris Michaud NEW YORK | Wed May 9, 2012 11:47pm EDT NEW YORK (Reuters) - Roy Lichtenstein's "Sleeping Girl" sold for nearly $45 million on Wednesday, setting a record for the pop artist at Sotheby's $267 million auction of postwar and contemporary art. The 1964 canvas, executed in the artist's signature, commercially influenced comic-book style, made its high estimate with a hammer price of $40 million. Along with Francis Bacon's "Figure Writing Reflected in Mirror," it achieved the night's top price of $40 million, or $44,882,500 including commission. The sale, which capped two weeks of sales at Sotheby's and rival Christie's that were marked by numerous records including the most expensive work ever sold at auction, took in $266,591,000, against a pre-sale estimate of $215 million to $304 million. Estimates do not include commission. Forty-six of the 57 lots on offer found buyers, while three works each sold for more than $35 million, including Andy Warhol's "Double Elvis," which fetched $37 million. Sotheby's had estimated the work to sell for as much as $50 million. The annual spring sales bore out auction officials' confidence that the art market would maintain its upward climb, defying an unsettled economy as seasoned bidders competed with new collectors for a limited offering of top-quality works. Bidding at the auction was steady, if selective, and the top-priced works managed to achieve their pre-sale estimates, even if the mood was far from the free-wheeling, record-smashing affair that took hold on Tuesday at Christie's. Christie's held the most successful postwar art auction in history, setting a record for any postwar work at auction with a $87 million Mark Rothko, and sold 95 percent of its offerings. Records were set for such blue-chip artists as Jackson Pollock, Yves Klein, Gerhard Richter and Alexander Calder. Sotheby's had its own moment last week, achieving the highest price ever for any art at auction, when Edvard Munch's "The Scream" soared to nearly $120 million. 'GLOBAL DEMAND FOR MASTERPIECES' Sotheby's officials, noting that its sale a year ago brought in $120 million, said they were more than satisfied with the sale. "We are thrilled with tonight's result," said Tobias Meyer, worldwide head of contemporary art who served as auctioneer. "The top end of the market performed beautifully ... due to a global demand for masterpieces that is almost unparalleled," he said. "We had global bidding on all the (top) lots," Meyer added. Those included a new record for Cy Twombly, who died last year. "Untitled (New York City)" sold for $17.44 million, after an estimate of $15 million to $20 million, and was the sale's fourth most expensive work. Other highlights included Richter's "Abstraktes Bild," which soared to $16.9 million, far more than the $9 million estimate, and another Lichtenstein, "Sailboats III," which fetched $11.8 million and also easily beat its estimate. A new record was also set for dissident Chinese artist Ai Weiwei, whose "Kui Hua Zi (Sunflower Seeds)" installation sold for $782,500. Other artists' records included Glenn Ligon, Mark Bradford and Isa Genzken. (Editing by Peter Cooney) Entertainment Fashion Arts Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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