The spring art auctions: money amok

It’s the time of the season when we turn our beer-soaked attentions towards the modern art world and gaze, in dumbfounded disbelief, at what hedge fund princes, Russian oligarchs and Sheiks of Araby spend on what they are assured by gallery owners and auction houses to be Beautiful and Important objects d’art.

This spring’s Impressionist and Modern Art auctions at Christie’s and Sotheby’s were fairly staid affairs. There were no earth-quaking pieces that set me all aquiver. That’s happened, you know! I’ve turned corners and have been confronted with canvases that looked alive to me. That didn’t happen this time.

I’m going to start with the piece that’s likely to insult the most number of people. There was a WARNING posted outside the small gallery where this was displayed that some people might find the content upsetting.

A dark room with a spotlight trained on a small sculpture of a kneeling man/boy. What could possibly be so offensive about that, you might wonder?

him1

A visitor knelled beside him for perspective.

him2

Walk around to the front of the sculpture and all is revealed.

Maurizio Cattelan
Him
wax, human hair, suit, polyester resin and pigment
Estimate: $10,000,000 – $15,000,000
Sold for $17,189,000

him3

Oh. That guy. You can see how this might meet with some disfavor. There was a guard posted and only a few people were allowed in at a time. Part of the reason it sold for above the high estimate is that Maurizio Cattelan is The Hot Shit right now. He’s about to install a working 18-karat, solid-gold toilet in the bathroom of the Guggenheim. I’m going to poop in it. I am!

This following piece is more playful and easier to digest. I’ve seen these before and actually think I could put one in the corner of my living room and enjoy it. It’s suspended in sodium chloride reagent and distilled water.

Jeff Koons
One Ball Total Equilibrium Tank (Spalding Dr. J Silver Series)
Estimate on Request
Sold for $15,285,000

koons ball1

I didn’t like Jeff Koons for a long while but I became so exhausted with hating stuff that I decided to give in and enjoy it. Plus, it does this cool refraction trick when you look at it from an angle.

koons ball2

Look at this lovely Monet. If you’re familiar with his work, you might be wondering about its unusual dimensions. You’re not going to believe what I’m about to tell you.

Claude Monet
Le bassin aux nymphéas
Estimate: $25,000,000 – $35,000,000
Sold for $27,045,000

monet

This is only half the painting. An unscrupulous dealer divided the canvas sometime before 1944 because, you know, two painting sell for more than one. This is the right half. The left half is in the Tel Aviv Museum of Art. I think they should’ve bought it and hung it next to its missing half.

If the Tel Aviv Museum of art couldn’t come up with $27M for the other half of their Monet, perhaps they could’ve coughed-up $2M for this gigantic stick of butter:

Robert Gober
Untitled
Estimate: $1,500,000 – $2,500,000
Sold for $2,285,000

butter

I can’t stand Robert Gober. What a fake What a charlatan. It’s crap like this that turns contemporary art into a punchline.

This might prove to be divisive but I like Francis Bacon. Art is so subjective (although not subjective enough to qualify a giant stick of butter legitimate art). These are self-portrait studies. Wouldn’t it be awesome if you met him and his face was all smeared like that?

Francis Bacon
Two Studies for a Self-Portrait
Estimate: $22,000,000 – $30,000,000
Sold for: $34,970,000

bacon

I usually save my harshest barbs for Jean-Michel Basquiat. He passed his scribbles and half-baked canvases off as finished work. They’re lazy affairs. And aside from that, his dreams came true and he threw it away on drugs. What a stupid ass. But I finally, after all these years, found a piece of his to admire in this gigantic canvas. He rarely worked this big. You’ve got to grudgingly hand it to him on this one. I intentionally waited until that lady walked in the frame for perspective.

Jean-Michel Basquiat
Untitled
Estimate on Request
Sold for $57,285,000

basquiat

There was a shocking dearth of Rothkos offered for sale. These auctions typically feature a few juicy pieces. This season, we only had this one and another smaller piece to choose from. This is another painting I think I could live with, although I’d have to buy a much bigger house to accommodate it.

Mark Rothko
No. 17
Estimate: $30,000,000 – $40,000,000
Sold for $32,645,000

rothko

I took this group shot and realized that, individually, they’re interesting enough but if you bought ALL THREE and displayed them just as you see here, you’d really have something to drive the neighbors insane with envy.

Roy Lichtenstein
Sunrise
Estimate: $300,000 – $400,000
Sold for $418,000

Andy Warhol
Campbell’s Tomato Juice Box
Estimate: $300,000 – $400,000
Did Not Sell

Keith Harring
Untitled
Estimate: $450,000 – $650,000
Sold for $745,000

roth_andy_keith

When I walked into the gallery I was instantly drawn to the pile of white objects on the floor. From a distance, you really couldn’t tell what they were.

Christian Marclay
Boneyard
Estimate: $600,000 – $800,000
Sold for $550,000

boneyard1

In memoriam:

[Brrring] the phone rang and she said
“Whoever’s calling can’t be as cute as you”
Right then and there I knew I was through

“The Ballad of Dorothy Parker”
Prince

boneyard2

Damien Hirst is another guy who raises a lot of rankles but I find some of it clever enough. People seem particularly bothered by the raw cruelty of raising butterflies in order to use their wings for paintings, but they’re quite beautiful. If you saw this in person you might have a change of heart.

Damien Hirst
Psalm 46: Deus noster refugium
Butterflies and household gloss on canvas
Estimate: $80,000 – $120,000
Sold for $161,000

hurst

I’ve got more that’ll make you grind your molars to dust and question the direction contemporary art, not to mention all of humanity, is taking but I’m pushing 1,000 words and I don’t want to break my own Cardinal Rule of Blogging so I’ll leave you with these; one I like and one that deserves scorn heaped upon it. I leave it to you to decide which is which.

Jeff Koons
Smooth Egg with Bow (Magenta/Violet)
Estimate: $7,000,000 – $10,000,000
Sold for $7,445,000

koons

Cady Noland
Chicken in a Basket
Twenty-seven elements, wire basket, rubber chicken, boxes, bottle, flags, baster, bungee and beer cans
Estimate: $350,000 – $450,000
Sold for $305,000

chicken

ART is MONEY. MONEY is ART. The spring auction report.

“There’s something slightly boastful wanting to own these things. And there’s a prevalent sense that this is also about asset gathering, not just collecting.”

Abigail Asher
Art Consultant

Well, that’s the understatement of the year. I don’t imagine this post will get a lot of play, but I find this stuff endlessly fascinating. It was a record week at the spring Contemporary and Impressionist art auctions. Christie’s alone sold over $1 billion worth of art. As always, a splendid time was had by the 1%.


Alas, poor Vincent. Only sold one lousy painting his whole life. And that was to his brother. He’s doing okay now. This was a great piece. The blue was more vibrant than what you see here.

Vincent Van Gogh
L’Alle des Alyscamps

Estimate on Request, but believed to be +/- $40,000,000.
Sold for $66,300,000

van goghIt’s hard to look at this and feel indifferent. People either love Pollock or hate him. I understand why folks might have a problem with this, but I liked it.

Jackson Pollock
Number 12, 1950
Estimate: $15,000,000-20,000,000
Sold for $18,282,000

pollockI’ve just recently developed an appreciation for sculpture. Late to the game. If I could have this piece on this pedestal with this lighting, I’d take it.

Alberto Giacometti
Buste de Diego (Amenophis)
Estimate: $6,000,000-8,000,000
Sold for $12,794,000

giacomettiContemporary art snobs disparage the Impressionists as being about as challenging as a Hallmark greeting card. Well, screw them. I like it. Art snobs should remember: Impressionism is a gateway drug. A few years of these guys and the next thing you know you’re curious about the Pre-Raphaelites. In the comic strip Doonsbury, prototype slacker Zonker Harris won $23 million in the lottery and spent $1 million on a Monet. He hung it above his refrigerator but subsequently sold it to purchase a royal title in the British aristocracy.

Claude Monet
Nympheas
Estimate: $30,000,000-45,000,000
Sold for $54,010,000

monet_waterliliesA smattering of contemporary pieces.

Keith Harring
Dog (Three Works)
Estimate: $500,000-700,000
Sold for $1,690,000 

Robert Indiana
Love
Estimate: $400,000-600,000
Sold for $538,000 

Barbara Kruger
Untitled (Provenance)
Estimate: $120,000-180,000
Sold for $394,000

harringYou’ve got to hand it to Jeff Koons. He has a talent for making wealthy people look foolish. Three Hoovers in Plexiglas with fluorescent lights. The lot description said this was executed in 1980-1986. This took six years?!

Jeff Koons
New Hoover Deluxe Shampoo Polishers
Estimate: $5,000,000-7,000,000
Sold for $5,765,000

koons2This Rothko was described as being unusually bright. That’s putting it mildly! Rothko’s color palate trends towards deathly earth tones. This was owned by Bunny Melon. Pronounce her name with a clenched jaw. You can’t get Waspier than that.

Mark Rothko
Untitled (Yellow and Blue)
Estimate: $40,000,000-60,000,000
Sold for $46,450,000

rothkoI’m posting this Mondrian right after a Rothko intentionally. Rothko famously fumed that, “I am not a formalist. I have no interest in Mondrian. My paintings do not deal in space. Mondrian divides a canvas; I put thing on it.”

Piet Mondrian
Composition No. III with Red, Blue, Yellow and Black
Estimate: $15,000,000-25,000,000
Sold for: $50,565,000—a world record for a Mondrian

I love both the Rothko and the Mondrian. If I could, I’d buy both and hang them next to one anotheer. Heh.

Spooky and rich. This feeds both my desire to own an Impressionist masterpiece and my bottomless pit of Anglophilia.

Claude Monet
The Houses of Parliament at Sunset
Estimate: $35,000,000-45,000,000
Sold for $40,485,000

monet_westminsterThis Lichtenstein is thought to have missed the estimate because, believe it or not, it doesn’t contain one of his trademark comic book speech bubbles, which can add millions to a piece. WTF, art world?

Roy Lichtenstein
The Ring (Engagement)
Estimate on Request, but thought to be around $50,000,000
Sold for $41,690,000

lichtensteinAll of Gerhard Richter’s works are an insult to the brushes he loaded with paint and the canvases he dragged them across. A giant mess.

Gerhard Richter
Abstraktes Bild
Estimate on Request
Sold for $28,250,000

richterHere’s another in a series of nothings from Jean-Michael Basquiat. He threw his life away on heroin addiction. Stupid ass. A door painted on two sides.

Jean-Michael Basquiat
Untitled
Estimate: $3,000,000-6,000,000
Sold for $3,610,000

basquiat-door1This O’Keeffe is being offered in the May 20th American Art auction but included it here because I think it’s magnificent. O’Keeffe was angry that people interpreted her flower paintings as female genitalia. That was never her intent.

Georgia O’Keeffe
White Calla Lily
Estimate: $8,000,000-12,000,000

I hadn’t intended to include this Rothko. I was afraid of Rothko-overkill and the photo doesn’t do it justice. This was hung in a side gallery. The lights were dim and there was a bench set in front of it. I sat down and realized there was also relaxing spa music playing at a barely-audible level. I got kind of lost in the canvas. I had an out-of-body experience, which is what I believed Rothko intended. It sold for an extraordinary amount of cash.

Mark Rothko
No. 10
Estimate on request
Sold for $81,925,000

rothko n0 10I showed this to a friend who’s an artist. He’s a master at watercolor. His comment was, “Nice flesh tones.” Well, that might be true but I couldn’t look at this hanging on my wall every day. Fun fact: Lucian Freud was the grandson of Sigmund Freud.

Lucian Freud
Benefits Supervisor Resting
Estimate: $30,000,000-50,000,000
Sold for $56,165,000

freudI like Anish Kapoor’s work. This concave disk is made of stainless steel and gold. It was mounted in a small room and smacked you as soon as you turned the corner. It’s all in the lighting, folks.

Anish Kapoor
Untitled
Estimate: $750,000-1,000,000
Sold for $905,000

kapoorHere’s what happens when you stand too close to it.

FullSizeRender(5)I wasn’t going include this Damian Hirst butterfly-wing piece because I’ve done a few of them in the past and I hate being redundant, but this is a particularly striking example so I couldn’t resist.

Damian Hirst
Freedom
Estimate: $500,000-700,000
Sold for $629,000

hirst1 hirst2Here’s a funny one. Oh, golly, you’re going to laugh and laugh! These are words painted on a wall. How big it is depends on you. The lot description reads:

“Any size as suits the needs and desires of the receiver.”

Which, I guess, means Weiner comes to your house and paints this on a wall. Now, THERE’S a piece that can be easily forged.

Lawrence Weiner
Balls of Wood Balls of Iron
Estimate: $80,000-120,000
Sold for $185,000

weiner2

This means when the auction is over and Christie’s paints that wall, they’re painting over a $185,000 “masterpiece.”

You are looking at $181,770,000 worth of art. I walked through this gallery with my backpack on. One false turn and you’d have read about me in the paper.

Mark Rothko
No. 36 (Black Stripe)
Estimate: $30,000,000-50,000,000
Sold for $40,485,000

Alberto Giacometti
L’homme au Doigt
Estimate on Request
Sold for $141,285,000

rothko_giacometti


corridor