17 May 2013

$US495m realised at art auction

5:58 am on 17 May 2013

A sale of contemporary art at Christie's in New York on Thursday made $US495 million, the highest total in auction history. Only four of the 70 lots on offer went unsold.

The sale included works by Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat.

The BBC reports the sale established 16 new world auction records, with nine works selling for more than $US10 million.

The sale featured works from institutions and private collections, including that of the late singer Andy Williams.

Paintings from his estate included Edward Ruscha's Mint, Willem de Kooning's Untitled XVII and Basquiat's Furious man.

The top lot of Wednesday's sale was Pollock's drip painting Number 19, 1948, which fetched $US58.4 million.

Lichtenstein's Woman with Flowered Hat sold for $US56.1 million, while another Basquiat work, Dustheads, went for $US48.8 million.