Auction of Post-War & Contemporary Art on May 9, 2018
1964 Abstract by Zao Wou-Ki Achieves $939,000 Amid International Competitive Bidding
Consignments Are Currently Being Accepted for Future Auctions
NEW YORK, NY -- On Wednesday, May 9, 2018 at 2pm, Doyle held an auction of Post-War & Contemporary Art. The sale encompassed works by American, European, Latin American and Asian artists and spanned artistic movements from Abstract Expressionism, Pop Art and Minimalism to Street Art.
With competitive international bidding in the salesroom, on the telephones and on the Internet, the sale totaled $2,019,625, surpassing its estimate of $1,092,000-1,714,000, with 79% sold by lot and 92% sold by value.
Highlighting the sale was a 1964 abstract by Zao Wou-Ki (1920-2013) that achieved an exceptional $939,000 amid strong international bidding that sent the work soaring past its estimate of $200,000-400,000. Zao began his art training in China and immigrated to France at the age of twenty-seven. His formal Chinese painting techniques lent themselves well to the abstract styles popularized by the New York-based Abstract Expressionists. In France, artists such as Joan Mitchell, Jean-Paul Riopelle, Pierre Soulages and Henri Michaux seized on this expressive style and took it to new heights. Zao was part of this energetic time in the Paris art scene. Consigned by the Estate of Hilda Johnson, the work's original owner, 02.01.64 was created during a productive time in the artist’s life and the same year in which he was granted French citizenship.
Strong prices were also achieved for works by Norman Bluhm, Os Gemeos, Richard Hambleton, Ibrahim Hussein, Jacob Lawrence, Roberto Matta, Gerard Sekoto, Toko Shinoda, Theodoros Stamos, James Suzuki and Victor Vasarely.
We Invite You to Auction!
Consignments are currently being accepted for the Fall 2018 auction of Post-War & Contemporary Art. We invite you to contact us for a complimentary auction evaluation. Our specialists are always available to discuss the sale of a single item or an entire collection. For information, please call 212-427-4141, ext 249, or email paintings@Doyle.com