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Artcurial: Post-War and Contemporary Art Auction Analysis

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  • Artcurial
June 4, 2015

Post-War and Contemporary Art auction at Artcurial Paris on June 1 was mighty successful – not so much in terms of sold vs. total lots ratio, but regarding something much more interesting: money. Almost half of sold lots exceeded their high estimates, including four of top five hammer prices. The highest priced lot was Chu Teh-Chun’s Sans Titre, executed in 1971-72, which sold for almost half a million dollars ($456,059, without buyer’s premium, and using 1.00 EUR = 1.11279 USD exchange rate).

The Story About the Artist: Chu Teh-Chun

Chu Teh-Chun was a very important Chinese contemporary artist, as he molded his abstract painting on two pillars: one was traditional Chinese painting technique, and the other one was Western abstract art. Chu Teh-Chun integrated these two into one unique style, using strong strokes of color while painting abstract motifs, and those brush strokes resembled Chinese calligraphy. He and Wu Guanzhong and Zao Wou-Ki went to school together, and they got the nickname Three Musketeers, as everyone of them was trained both in China and in France. Chu Teh-Chun was the first Chinese that became member of the Académie des Beaux-Arts of France. He died in 2014, at the age of 93.

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The Overview of Artcurial: Post-War and Contemporary Art Auction

Almost 80 percent of 114 auctioned lots sold at Post-War and Contemporary Art auction at Artcurial, and those 91 lots changed hands for a total of $5.64 million. The reason we said that this was a mighty good auction lays in the fact that the estimate for sold lots was $3.77 – $5.42 million, so the eventual sum of hammer prices had +4 percent on the sum of high estimates. Also, 44 of 91 lots sold over high estimate, which was 48.4 percent, and another 41 lots (45 percent) sold in range of estimated values. This means that only 6 lots (6.6 percent) sold under low estimate, and that’s rare, in a good way. The mentioned Chu Teh-Chun’s painting had the highest hammer price of the auction at $456,059. Average hammer price was $61,935, and median hammer price was at $32,391.

Speaking of the most successful lots, we have to mention Raymond Hains’ L’Affiche En Yiddish, Tadeusz Kantor’s Multipart and Anish Kapoor’s Sans Titre, which had top 3 differences between their respective hammer prices and high estimates: Hains’ work had +175 percent, Kantor’s had +170.3 and Kapoor’s had +136.9 percent difference. On the bottom side, Félix Del Marle’s Sans Titre from 1950 sold with -33.3 percent difference between hammer price and low estimate, while Alecos Fassianos’ L’Homme A La Bicyclette had -20 percent difference.

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Jean Fautrier – Sans Titre, 1956 (Lot 19). Estimated at $329,766 – $549,611, sold for $378,196. This was the third highest hammer price of the auction, but this lot was sold with -32 percent difference between hammer price and high estimate.
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Manolo Millares – Cuadro 169, 1961 (Lot 40). Estimated at $164,883 – $274,805, sold for $414,069. This lot was excellent both in terms of hammer price and difference between hammer price and high estimate – this was the second highest hammer price of the auction, and Millares’ painting sold with +48.9 percent difference.
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Left: Anish Kapoor – Sans Titre, circa 1985 (Lot 53). Estimated at $27,809 – $38,932, sold for $92,232, or with +136.9 percent difference between hammer price and high estimate. / Right: Wifredo Lam – Femme-oiseau Sur Fond Jaune, 1972 (Lot 72). Estimated at $27,809 – $38,932, sold for $83,426, or with +114.3 percent difference – one of the top five results of the auction.
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Raymond Hains – Sans Titre, 1965 (Lot 30). Estimated at $16,685 – $22,247, sold for $61,179
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Chu Teh-Chun – Sans Titre, 1971-72 (Lot 20). Estimated at $274,805 – $384,727, sold for $456,059. This lot had the highest hammer price of the auction.
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Tadeusz Kantor – Multipart, 1970 (Lot 54). Estimated at $13,348 – $16,685, sold for $45,105, or with +170.3 percent difference – second best of the sale.
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Artcurial: Post-War and Contemporary Art Auction in Details

Please, scroll down to find the summary of Post-War and Contemporary Art auction that was held at Artcurial Paris, as well as detailed info on every lot that was auctioned.

INDEXRESULT
Total number of lots:114
Number of sold lots:91
Sold lots [%]:79.8
Total [$]:5,636,130
Number of sold lots over high estimate:44
Over high estimate (Total) [%]:38.6
Over high estimate (Sold) [%]:48.4
Number of sold lots in range of estimated values:41
In range of estimated values (Sold) [%]:45
Number of sold lots under low estimate:6
Under low estimate (Sold) [%]:6.6
Results were under estimate spread of [%]:29.7
Max Hammer [$]:456,059
Average Hammer [$]:61,935
Median Hammer [$]:32,391
Median Hammer Average Hammer Difference [%]:-47.7
Lot No.Artist NameArtwork NameLow Estimate $High Estimate $Hammer Price $Hammer High Estimate Difference [%]Hammer Low Estimate Difference [%]
1Serge PoliakoffProjet Pour Tissu, 194616,68522,24722,247033.3
2Serge PoliakoffProjet Pour Tissu, 194616,68522,24720,022-1020
3Serge PoliakoffProjet Pour Tissu, 194613,34816,68514,460-13.38.3
4Serge PoliakoffComposition, 1953111,234166,851300,33280170
5Gérard SchneiderOpus 12B, 195213,34816,68525,58453.391.7
6Jean-Michel AtlanSans Titre, 195533,37055,61738,209-31.314.5
7Jean MiotteSans Titre, Circa 1956-578,89913,34811,680-12.531.3
8Jean MiotteSans Titre, Circa 199016,68522,24723,137438.7
9André LanskoySans Titre, 19583,3374,4495,00612.550
10André LanskoySans Titre5,5627,7867,786040
11André LanskoyComposition16,68522,24724,4711046.7
12André LanskoySans Titre5,5627,7868,3437.250
13André LanskoySans Titre5,5627,7869,25518.966.4
14Olivier DebreSigne, Musicien, 194816,68522,24723,9157.543.3
15Georges MathieuSans Titre, 19587,78610,0117,786-22.20
16Maria Elena Vieira Da SilvaSans Titre, 198216,68522,24724,4711046.7
17Martin BarreSans Titre, 195655,61777,86480,0882.944
18Pierre SoulagesTapisserie D'Apres Peinture, Circa 197066,74088,98775,083-15.612.5
19Jean FautrierSans Titre, 1956333,702556,170378,196-3213.3
20Chu Teh-ChunSans Titre, 1971-72278,085389,319456,05917.164
21Chu Teh-ChunSans Titre, 1975144,604200,221189,098-5.630.8
22Chu Teh-ChunSans Titre44,49466,74072,3028.362.5
23Zao Wou- KiSans Titre, 198622,24733,37041,15723.385
24Mubin OrhonSans Titre, 195933,37044,49433,370-250
25Larry PoonsCurtain Of Love, 197522,24733,37042,91828.692.9
26Joan MitchellComposition, 1978-7933,37044,49476,75172.5130
27Pierre AlechinskyForet Originelle, 198766,74088,98797,97910.146.8
28Jacques DoucetSans Titre (Tableau-Collage), 1967-684,4496,67413,348100200
29Raymond HainsL'Affiche En Yiddish, 195016,68522,24761,179175266.7
30Raymond HainsSans Titre, 196516,68522,24742,26990153.3
31ArmanColere De Violon, 197522,24733,37022,247-33.30
32Raymond HainsSans Titre, 1955-605,5627,786Not SoldNot SoldNot Sold
33Jacques VillegleAvenue Genghis Khan, 196520,02227,809Not SoldNot SoldNot Sold
34Martial RaysseMourir Et N'En Dire Rien, 19608,89913,34810,567-20.818.7
35Martial RaysseShaker Aux Linges Gris, 19605,5627,7866,674-14.320
36Willem De KooningSans Titre, Circa 1960-698,89913,348Not SoldNot SoldNot Sold
37Franz KlineSans Titre27,80938,932Not SoldNot SoldNot Sold
38Sam FrancisSans Titre (Sf.73.063), 197355,61777,86451,168-34.3-8
39Sam FrancisSans Titre (Sff.1195 ) (Sfp85-21), 1985100,111111,234Not SoldNot SoldNot Sold
40Manolo MillaresCuadro 169, 1961166,851278,085414,06948.9148.2
41DadamainoVolume, 196055,61777,864Not SoldNot SoldNot Sold
42Sol LewittIncomplete Open Cube 4/4, 1974111,234166,851149,702-10.334.6
43Donald JuddSans Titre, 196911,12316,68511,568-30.74
44Joseph KosuthTitled (Art As Idea As Idea), 196727,80938,93231,235-19.812.3
45Donald JuddSans Titre, 196911,12316,68512,725-23.714.4
46Sol LewittComplex Form, 198838,93250,055Not SoldNot SoldNot Sold
47Lawrence WeinerMaquette Stones + Stones, 19875,5627,786Not SoldNot SoldNot Sold
48Bernard AubertinDessin De Feu Circulaire, 19744,4496,6746,118-8.337.5
49Bernar Venet238.5° Arc X 2133,481166,851161,197-3.420.8
50Pablo PalazueloCircino Xxxii, 2002-0455,61777,86453,151-31.7-4.4
51Bernar VenetDeux Lignes Indeterminees, 200111,12316,68523,35940110
52Bernar VenetLigne Indeterminee, 198927,80938,93243,95612.958.1
53Anish KapoorSans Titre, Circa 198527,80938,93292,232136.9231.7
54Tadeusz KantorMultipart, 197013,34816,68545,105170.3237.9
55Frans KrajcbergSans Titre, 196788,987133,481172,69129.494.1
56Andre CadereSans Titre, 196816,68522,24734,76156.3108.3
57Félix Del MarleSans Titre, 19503,3374,4492,225-50-33.3
58Tadashi KawamataTree Hut (Study 6) At Public Building, 20085,5627,7866,118-21.410
59Pol Bury41 Boules Blanches Sur Un Fond Noir, 200316,68520,02232,39161.894.1
60Pol Bury10 Cubes En Perspective, 198820,02227,80937,05933.385.1
61Jean DegottexPli-Color, 19832,2253,3372,892-13.330
62Lucia Di LucianoStruttura Operativa N°12, 19635,5627,7869,45521.470
63Jean-Pierre YvaralSans Titre, Circa 196522,24733,37043,95631.797.6
64Jean-Michel FolonLes Pensees, 200211,12316,68512,236-26.710
65Jean-Michel FolonModern Times, 2001-0211,12316,685Not SoldNot SoldNot Sold
66Hans HartungT1989-K24, 198966,74088,98766,944-24.80.3
67Miquel BarceloIzquierdazo, 2004278,085389,319287,633-26.13.4
68Anselm KieferFür Paul Celan133,481200,221Not SoldNot SoldNot Sold
69Bernar Venet226.5° Arc X 2, 198844,49466,74046,255-30.74
70François-Xavier LalanneMouton De Laine, 1965200,221244,715316,36829.358
71Jean-Michel FolonLe Voyageur, 2002111,234166,851161,197-3.444.9
72Wifredo LamFemme-Oiseau Sur Fond Jaune, 197227,80938,93283,426114.3200
73Roberto MattaSans Titre, Circa 1965-66166,851222,468Not SoldNot SoldNot Sold
74Wifredo LamSans Titre, 197333,37055,61738,932-3016.7
75Roberto MattaLe Travail De L'Ivoire, 196222,24733,37031,146-6.740
76Roberto MattaArreter La Pluie, 198627,80938,932Not SoldNot SoldNot Sold
77Antonio SeguiSosa Hns, Constructores, 198327,80938,932Not SoldNot SoldNot Sold
78Alecos FassianosLe Fumeur11,12316,685Not SoldNot SoldNot Sold
79Alecos FassianosL'Homme A La Bicyclette11,12316,6858,899-46.7-20
80Gaston ChaissacPersonnage, 195944,49466,74047,404-296.5
81Gaston ChaissacComposition, 196144,49466,74044,494-33.30
82Jean DubuffetPersonnage Dans Un Paysage (Dg 120), 26 Mars 196238,93250,055Not SoldNot SoldNot Sold
83Karel AppelMonsieur Et Madame Rouge, 197344,49466,74066,740050
84Paul RebeyrolleLe Couple, 196122,24733,370Not SoldNot SoldNot Sold
85Paul RebeyrollePaysage Et Paysagiste, 196533,37044,494Not SoldNot SoldNot Sold
86Paul RebeyrolleSans Titre2,7813,893Not SoldNot SoldNot Sold
87Paul RebeyrolleLa Truite8,89913,34810,011-2512.5
88Alain JacquetCamouflage Au Zebre, 196311,12316,68527,80966.7150
89Gilles AillaudCoatis, 198227,80938,93243,95612.958.1
90Jacques MonoryBrighton N°329, 196827,80938,93226,696-31.4-4
91Valerio AdamiAutomat, 197450,05572,30293,38129.286.6
92Alina SzapocznikowBracelet Visage Bouche, 196813,34816,68530,03380125
93Igor MitorajTorso Italico33,37044,49452,00216.955.8
94Gudmundur ErroMiss Air, 19681,6692,2253,89375133.3
95Gudmundur ErroLe Train De Bombay, 197811,12316,68510,011-40-10
96Gudmundur ErroViet-Cong, 19738,89913,3488,899-33.30
97Gérard SchlosserTous Les Trois, 200420,02227,809Not SoldNot SoldNot Sold
98Eduardo ArroyoMarcel Duchamp, 20033,3374,449Not SoldNot SoldNot Sold
99PavlosBar, 19953,8935,0066,45228.965.7
100Eduardo ArroyoMadrid-Paris-Madrid, 19853,8935,006Not SoldNot SoldNot Sold
101Eduardo ArroyoCarmen Amaya, 19886,6748,899Not SoldNot SoldNot Sold
102Gérard FromangerRue De La Foret, 197411,12316,685Not SoldNot SoldNot Sold
103Robert RauschenbergSans Titre, 196220,02227,80926,696-433.3
104Hervé TelemaqueA L'Etouffee, 197866,74088,98766,944-24.80.3
105Jean-Charles BlaisSans Titre4,4496,6747,51912.769
106Claude ViallatSans Titre N°242, 20104,4496,6744,627-30.74
107Christian JaccardCouple Toiles / Entrelacs / Empreinte, 19744,4495,5627,7864075
108Claude ViallatSans Titre, 2.7.196716,68522,24744,494100166.7
109Claude ViallatSans Titre N°110, 197213,34816,68520,0222050
110Jean-Pierre PinceminSans Titre, 198438,93250,05548,554-324.7
111Jean-Pierre PinceminSans Titre, 1981-8216,68522,24748,554118.2191
112Yan Pei MingInvisible Man, 1997111,234166,851115,220-30.93.6
113Marlène MocquetLa Peinture Entre Deux Murs, 20083,3374,4493,893-12.516.7
114CesarCocotte, 1957-9011,12316,68513,882-16.824.8
TOTAL:4,555,0336,483,2715,636,130-13.123.7
TOTAL (Sold lots):3,771,9445,419,8745,636,130449.4

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All images courtesy of Artcurial.