Arab Today, arab today still\s painting fetches 617 million
Last Updated : GMT 02:36:33
Arab Today, arab today
Arab Today, arab today

Still\'s painting fetches $61.7 million

Arab Today, arab today

Arab Today, arab today Still\'s painting fetches $61.7 million

New York - Arabstoday

An abstract painting by Clyfford Still sold for a record $61.7 million last night, headlining Sotheby’s biggest New York contemporary art sale in three years, while protesters outside chanted “Shame on you!”The $315.8 million auction at Sotheby’s York Avenue headquarters also broke artist records for Gerhard Richter and Joan Mitchell. Six floors below in the street, picketing art handlers were joined by Occupy Wall Street protesters and unionized musicians playing high-decibel Latin rhythms. Since July 29, 42 handlers have been locked out by the publicly traded auction company over a contract dispute.“It demonstrates the growing gap between the haves and the have-nots,” said New York art dealer Richard Feigen. “You see people demonstrating out there, people are out of jobs and their houses. And people in here are dumping millions into art.”The sale, the biggest for Sotheby’s (BID) since May 2008, beat the presale high estimate of $270 million, which excludes commissions. Earlier in the day, the Standard & Poor’s 500 Index dropped 3.7 percent.“Blue-chip global artists are properly recognized as part of the diversification strategy,” said New York-based art collector Larry Warsh. “Because of the supply and demand issues, we see this tremendous pressure on pricing.’The Still painting, “1949-A-No. 1,” shattered the artist’s previous record of $21.3 million, achieved at a Christie’s International sale in 2006. It sold to a telephone bidder, represented by Lisa Dennison, Sotheby’s chairman of North and South America. She won a bidding war against Christopher Eykyn, a New York dealer who had a mobile phone to his ear and his hand covering his mouth.The work was one of four Stills consigned by the City of Denver that raised a total of $114.1 million for the endowment of the Clyfford Still Museum, which opens in Denver next week. The reclusive artist died in 1980.Three of the works were completed in the 1940s and one in 1976. The top lot, in deep reds and velvety blacks, more than doubled its presale low estimate of $25 million.During his life, Still sold very little and frequently rejected exhibition opportunities. His will stipulated that the estate be given in its entirety to a U.S. city willing to establish a permanent museum housing his work alone.Richter’s “Abstraktes Bild” (1997) sold for $20.8 million, beating his $16.5 million auction record set last month at Christie’s in London. The 8.5-by-11-foot oil canvas, rich in purple, red and blue, was one of eight abstract paintings by the German artist from a private collection. Every painting exceeded its high estimate.“I wish I had some Richters,” said Miami-based contemporary art collector Mera Rubell.Francis Bacon’s 1967 “Three Studies for a Self Portrait” on a deep-green background fetched $19.7 million. Mitchell’s vibrant 1960 abstract canvas went for $9.3 million.John Elderfield, chief curator emeritus of painting and sculpture at the Museum of Modern Art, placed the winning bid for Donald Judd’s fluorescent red Plexiglas and stainless steel sculpture, which fetched $4.7 million.Sotheby’s charges buyers 25 percent of the hammer price up to $50,000, plus 20 percent from $50,000 to $1 million, and 12 percent above $1 million. Pre-sale estimates don’t include the buyer’s premium.One of the evening’s high-profile casualties was Mark Rothko’s “Untitled (Plum and Dark Brown)” painting from 1964. Estimated between $8 million and $12 million, it found no takers.Only in the rear of the salesroom last night, where bottled water, brownies and cookies were dispensed to clients, could the protesters’ drumming, whistling and chanting be heard.Michael Sovern, Sotheby’s Chairman and a former president of Columbia University, called the gap between the U.S. rich and poor “outrageous,” but disagreed that the sale and protest were a reflection of the divide.“It’s a conventional labor dispute,” he said in an interview at the sale. “It isn’t affected by the gap between the rich and poor.”Dealers and collectors were confronted by several dozen protesters, who screamed “shame on you” at those who entered the building.“Nothing can a stop a collector,” said Barbara Annis, a New York private dealer. “People believe in art and it goes up and up and up.”

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today still\s painting fetches 617 million Arab Today, arab today still\s painting fetches 617 million

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today still\s painting fetches 617 million Arab Today, arab today still\s painting fetches 617 million

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday