video Finance Videos
Bids fly high at Christie's art auction
Wednesday, May 09, 2012 - 01:52
May 9 - Sales of paintings like a 1961 Mark Rothko, which went for $87 million helped drive Christie's blockbuster contemporary art sale to the highest ever total for post-war art. Bobbi Rebell reports.
▲ Hide Transcript
▶ View Transcript
The bidding was intense at Christie's as prices soared into the stratosphere. Total take for the evening- including commission- $388 million dollars- well above forecasts and the highest ever total for post-war art. Koji Inoue is the head of evening sales at Christie's: SOUNDBITE : KOJI INOUE, SPECIALIST, HEAD OF EVENING SALES AT CHRISTIE'S NEW YORK, (ENGLISH) SAYING: "That was phenomenal. Something unprecedented. The highest contemporary (art) sale ever. The bidding was broad as we had predicted with objects of such rarity, such quality in abstract expression -- with the Rothko and the Pollock and the Newman, the opportunity was unstoppable." Determined bidders drove prices for many top priced works well beyond their high estimates. This 1961 Mark Rothko "Orange, Red, Yellow" - which had once been in the Philadelphia Museum, brought in $87 million. And Jackson Pollack's "Number 28, 1951" fetched $23 million with the commission- more than double the artist's record. SOUNDBITE : KOJI INOUE, SPECIALIST, HEAD OF EVENING SALES AT CHRISTIE'S NEW YORK, (ENGLISH) SAYING: "It's something that is unprecedented as well. In 1951 proper dripped canvas. Something like this has not come to market in over 20 years. When truly rare quality works come into market collectors respond. And it got it to do as a new world record at auction, I am very proud." The appetite for contemporary art remains healthy- and those still hungry for more will get their chance again when Sotheby's holds its auction later in the week. Bobbi Rebell, Reuters.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Bids fly high at Christie's art auction
Wednesday, May 09, 2012 - 01:52
Top News »
12:35am BST - (1:58)
Wed, 25 Apr, 2018 - (1:26)
Wed, 25 Apr, 2018 - (2:16)
Wed, 25 Apr, 2018 - (1:40)
Wed, 25 Apr, 2018 - (1:27)
Tue, 24 Apr, 2018 - (1:07)
Tue, 24 Apr, 2018 - (0:37)
Tue, 24 Apr, 2018 - (1:43)
Tue, 24 Apr, 2018 - (1:54)
Tue, 24 Apr, 2018 - (1:24)
Tue, 24 Apr, 2018 - (1:51)
Tue, 24 Apr, 2018 - (1:29)
Editors' Picks »
Wed, 25 Apr, 2018 - (1:59)
Tue, 24 Apr, 2018 - (2:00)
Tue, 24 Apr, 2018 - (1:36)
Mon, 23 Apr, 2018 - (1:56)
Fri, 20 Apr, 2018 - (1:24)
Fri, 20 Apr, 2018 - (2:04)
Thu, 19 Apr, 2018 - (1:45)
Tue, 17 Apr, 2018 - (2:44)
Tue, 17 Apr, 2018 - (2:15)
Most Popular »
Mon, 31 Jul, 2017 - (1:26)
Fri, 16 Jun, 2017 - (1:46)
Business »
Wed, 25 Apr, 2018 - (1:51)
Wed, 25 Apr, 2018 - (1:32)
Wed, 25 Apr, 2018 - (1:28)
Wed, 25 Apr, 2018 - (1:17)
Wed, 25 Apr, 2018 - (1:23)
Wed, 25 Apr, 2018 - (5:20)
Wed, 25 Apr, 2018 - (1:00)
Wed, 25 Apr, 2018 - (1:56)
Wed, 25 Apr, 2018 - (3:22)
Wed, 25 Apr, 2018 - (1:18)
Wed, 25 Apr, 2018 - (0:51)
Wed, 25 Apr, 2018 - (1:20)
Featured Videos
Driverless car fleet plans London to Oxford run
A fleet of autonomous cars could take to Britain's roads later this year with advanced trials of a £13 million project well under way
UK royals Kate and William have baby boy
It's a boy. Britain's Duchess of Cambridge has given birth to her third child, and second son, with husband Prince William
Aussie pilot Hall soars to victory in Cannes
Australian pilot Matt Hall claims victory in the second leg of the Red Bull Air Race world championship in Cannes, France
Luxury liner Queen Elizabeth II reopens as floating hotel
One of the world's most famous ships is now a floating hotel permanently moored at Dubai's Mina Rashid port
World Toad in the Hole Championships
The aim of the traditional pub game originating from France is to land as many large brass coins or 'toads' in a table's small hole
Technology »
Wed, 25 Apr, 2018 - (2:04)
Wed, 25 Apr, 2018 - (1:49)
Tue, 24 Apr, 2018 - (2:13)
Tue, 24 Apr, 2018 - (1:48)
Mon, 23 Apr, 2018 - (1:55)
Sun, 22 Apr, 2018 - (1:30)
Fri, 20 Apr, 2018 - (1:50)
Entertainment »
Wed, 25 Apr, 2018 - (1:17)
Tue, 24 Apr, 2018 - (1:38)
Tue, 24 Apr, 2018 - (1:51)
Tue, 24 Apr, 2018 - (1:18)
Tue, 24 Apr, 2018 - (1:25)
Tue, 24 Apr, 2018 - (2:02)
Mon, 23 Apr, 2018 - (1:28)
Mon, 23 Apr, 2018 - (1:39)
Mon, 23 Apr, 2018 - (2:11)
Mon, 23 Apr, 2018 - (1:50)
Mon, 23 Apr, 2018 - (0:39)
Sports And Leisure »
Wed, 25 Apr, 2018 - (0:55)
Tue, 24 Apr, 2018 - (0:47)
Mon, 23 Apr, 2018 - (1:17)
Mon, 23 Apr, 2018 - (2:38)
Mon, 23 Apr, 2018 - (1:27)
Mon, 23 Apr, 2018 - (1:17)
Mon, 23 Apr, 2018 - (1:30)
Mon, 23 Apr, 2018 - (1:40)
Mon, 23 Apr, 2018 - (1:07)
Fri, 20 Apr, 2018 - (1:08)
Oddly Enough »
Wed, 25 Apr, 2018 - (1:10)
Mon, 23 Apr, 2018 - (0:45)
Fri, 20 Apr, 2018 - (1:00)
Fri, 20 Apr, 2018 - (1:27)
Thu, 19 Apr, 2018 - (0:53)
Thu, 19 Apr, 2018 - (0:53)
Thu, 19 Apr, 2018 - (2:22)
Tue, 17 Apr, 2018 - (1:33)
Tue, 17 Apr, 2018 - (1:27)
Dateline Asia »
Tue, 05 Dec, 2017 - (2:06)
Tue, 05 Dec, 2017 - (2:11)
Fri, 01 Dec, 2017 - (2:04)
Thu, 30 Nov, 2017 - (2:10)
Thu, 30 Nov, 2017 - (2:14)
Wed, 29 Nov, 2017 - (2:11)
Tue, 28 Nov, 2017 - (1:55)
Tue, 28 Nov, 2017 - (2:21)
Mon, 27 Nov, 2017 - (2:25)
Fri, 24 Nov, 2017 - (2:16)
Fri, 24 Nov, 2017 - (2:14)
Thu, 23 Nov, 2017 - (2:18)