This week, Christie’s, Sotheby’s and Phillips de Pury will take turns selling blue chip Contemporary Art at their respective May sales. After Sotheby’s success at its Impressionist and Modern sale last week, what should we expect from these auctions?
According to ArtInfo, a Rothko titled “Orange, Red, Yellow” (1961) at an estimate of $35-45 million and an Yves Klein work, “FC1 (Fire Color 1) (1962) at an estimated $30-40 million are among the works for sale at Christie’s on May 8.
Sotheby’s will be offering each of three works for over $30 million – a Lichtenstein, a Warhol, and a Bacon on May 9.
Phillips follows May 10 with its sale, with headliners closer to $10 million – such as a Basquiat painting and a Warhol “Mao” (1973).
Each evening sale will be followed by a corresponding day sale on the following day.
[This entry was drafted with the assistance of Nicole Dornbusch].