1951 Abstract by Chinese Artist Zao Wou-Ki Achieves $386,500
Sale Total Tops $2 Million
We Invite You to Contact Us for a Complimentary Auction Evaluation of Your Modern and Contemporary Art
Doyle New York's May 9, 2012 auction of Modern and Contemporary Art saw strong international bidding for 20th and 21st century works by prominent American, European, Latin American and Asian artists.
With competitive international bidding from buyers in the salesroom, on the telephones and via the Internet, the sale totaled $2,085,438 against a pre-sale estimate of $1,676,100-2,540,900 with 70% sold by lot and 85% by value.
Carnival of Autumn Leaves by Washington Color School artist Alma Thomas (American, 1891-1978) fetched $254,500, far surpassing its estimate of $100,000-150,000 and setting a new world auction record for the artist.
Also noteworthy was an untitled 1951 abstract by Chinese artist Zao Wou-Ki (b. 1920) that achieved $386,500 against an estimate of $250,000-450,000. Table-Berceau premiere version, a bronze coffee table by Diego Giacometti (Swiss, 1902-1985) from the colllection of longtime MoMA board member Joanne Melniker Stern sold for $170,500, exceeding its estimate of $80,000-120,000. From the same collection was a pencil drawing of an interior by Alberto Giacometti (Swiss, 1901-1966) estimated at $25,000-35,000 that sold for a stunning $110,500.
All prices include the Buyer's Premium.
Next Modern & Contemporary Art Auction: Fall 2012
Doyle New York's next auction of Modern & Contemporary Art is scheduled for Fall 2012. Consignments are currently being accepted. 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 Harold Porcher at 212-427-4141, ext. 249, or email [email protected]