Christie's: Prints And Multiples Auction Analysis

April 27, 2015

A very - VERY - successful Prints and Multiples auction has been held at Christie's New York, in Rockefeller Plaza, on April 23 and 24. Out of 150 contemporary lots (there have been some modern art lots, as well), even 127 were sold or fantastic 84.7 percent. Thirty-three lots were sold over high estimate (22 percent of total and 26 percent of sold lots). The total of 64 lots were sold in range of estimated value (just over half of sold lots, 50.4 percent) and 30 lots were sold under low estimate (23.6 percent of sold lots). These 127 lots that were sold went for $4.61 million, about $700,000 bellow the sum of high estimates of sold lots(-13 percent), and over a million dollars above the sum of low estimates (+28.6 percent difference between the sum of hammer prices and low estimates). Ten artworks by Andy Warhol were amongst 14 priciest lots at Christie's, but the highest hammer price had Keith Haring's Andy Mouse, a lot that contained four Haring's screenprints.

The Best Individual Results At Christie's: Prints And Multiples

As we said, Keith Haring's Andy Mouse has achieved the highest hammer price at Christie's Print and Multiples auction - it went for over half a million dollars, $520,000, or with +30 percent between hammer price and high estimate ($300,000 - $400,000). Then come five works by Andy Warhol: Endangered Species (10 works for $460,000), Ads (10 works for $370,000), Cowboys and Indians (10 works for $230,000) and Superman, from Myths ($160,000). Roy Lichtenstein's Reflections on Crash, from Reflections went for $125,000, or with +25 percent difference, Bruce Nauman's Pay Attention was sold for $95,000 (+18.8 percent difference), and Warhol's Moonwalk: one plate for $85,000 (+21.4 percent difference). Another Lichtenstein's work, Ten Landscapes, changed hands for low estimate ($80,000), and then come another five Warhol's works: Gems, for $70,000 (low estimate), three lots with the same name, Marylin (lots 266, 264 and 265, each was sold for around $60,000), and Liz ($60,000). Roy Lichtenstein's La Nouvelle Chute de l'Amérique was sold for $55,000, Warhol's San Francisco Silverspot, from Endangered Species for $50,000, and other lots were sold for under $50,000.

Highs and Lows of Christie's: Prints And Multiples

Andy Warhol had, by far, the most artworks at Christie's Prints and Multiples, and his San Francisco Silverspot, from Endangered Species was sold for $50,000, or with +100 percent difference between hammer price and high estimate - it doubled its high estimate. Marcel Duchamp's Bouche-Evier also doubled its high estimate and was sold for $12,000, while Roy Lichtenstein's Mao and Jeff Koons' Balloon Dog (Red) were both sold for $13,000, and with +62.5 percent difference. Richard Serra's Muddy Waters was sold for $28,000, or with +55.6 percent difference between hammer price and high estimate, and Edward Ruscha's Cold Beer Beautiful Girls was sold for $45,000 and with +50 percent difference. On the other end, David Hockney's Celia in a Wicker Chair was estimated at $8,000 - $12,000, and was sold for $6,000, or with -25 percent differnce between hammer price and its low estimate. Kiki Smith's Fortune changed hands for $7,000, or with -30 percent difference, and Friedensreich Hundertwasser's Song of the Whales went for $4,500, which was -35.7 percent difference between hammer price and low estimate. At the end, four lots that weren't and had a relatively high estimated value, were: Damien Hirst's The Last Supper and Jasper Johns' Voice 2 (both were estimated at $40,000 - $60,000), David Hockney's Illustrations for Six Fairy Tales from the Brothers Grimm (estimated at $50,000 - $70,000), and Richard Diebenkorn's Indigo Horizontal was estimated at $70,000 - $100,000, and also wasn't sold.

Please, scroll down to see detailed info on each lot that was auctioned at Christie's Prints and Multiples.

Christie's: Prints And Multiples in Details

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Christie's
Andy Warhol - Sunset - One Plate, 1972 (Lot 284)

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Damien Hirst - The Last Supper (13 works), 1999 (Lot 224)

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Andy Warhol - Marilyn, 1967 (Lot 266)

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Chuck Close - Georgia, 1984 (Lot 218)

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Andy Warhol - $(1) One Plate, 1982 (Lot 269)

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Andy Warhol - General Custer, From Cowboys And Indians, 1986 (Lot 278)

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Roy Lichtenstein - La Nouvelle Chute De L'Amérique (Lot 207)

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Frank Stella - Pergusa Three, State I, From Circuits, 1983 (Lot 196)

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Bruce Nauman - Pay Attention, 1973 (Lot 216)

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Andy Warhol - Cowboys And Indians (10 works), 1986 (Lot 279)

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Andy Warhol - Gems (4 works), 1978 (Lot 270)

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Andy Warhol - Life Savers, From Ads, 1985 (Lot 274)

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Andy Warhol - Superman, From Myths, 1981 (Lot 227)

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Andy Warhol - Endangered Species (10 works), 1983 (Lot 276)

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Andy Warhol - Apple, From Ads, 1985 (Lot 273)

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Andy Warhol - Moonwalk - One Plate, 1987 (Lot 283)

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Andy Warhol - Van Heusen (Ronald Reagan), From Ads, 1985 (Lot 272)

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Georg Baselitz - Sitzender Mann, 1977-1979 (Lot 221) (detail)

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Keith Haring - Andy Mouse (4 works), 1986 (Lot 250)

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Roy Lichtenstein - Peace Through Chemistry I, From Peace Through Chemistry, 1970 (Lot 204)

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Helen Frankenthaler - Gateway, 1988 (Lot 148)

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David Hockney - Lithograph Of Water Made Of Thick And Thin Lines, A Green Wash, A Light Blue Wash, And A Dark Blue Wash, 1978-80 (Lot 159)

Christie's
David Hockney - Pembroke Studio Interior, From Moving Focus, 1984 (Lot 170)

Christie's
Roy Lichtenstein - Ten Landscapes (10 works), 1967 (Lot 199) (detail)

Featured images:
- Tom Wesselmann - Monica Sitting With Mondrian, 1989 (Lot 243) (detail)
- Roy Lichtenstein - Road Before The Forest, From Landscapes, 1988 (Lot 210)
- Jasper Johns - Voice 2, 1982-83 (Lot 137)
- KAWS - Ups And Downs, 2013 (Lot 234)

Also in slider:
- Roy Lichtenstein - Reflections On Crash, From Reflections, 1990 (Lot 212) (detail)
- Andy Warhol - Ads (10 works), 1985 (Lot 271)

All images courtesy of Christie's.

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