Christie’s has revealed a number of high-profile lots for its upcoming postwar and contemporary art evening sale in London next month.
Leading the charge is a series of six late self-portraits by Andy Warhol, created in 1986, just months before his unexpected death. (The suite is priced at £16–22 million, $22–30 million).
Also coming to the block: an early Jean-Michel Basquiat featuring exposed stretcher bars (£10–15 million or $13.8–20.7 million); a Lucio Fontanafeaturing 24 vertical slashes, the greatest number of cuts he ever committed to a canvas (£8–12 million or $11–$16.6 million); and a Francis Baconportrait that was included in his major Grand Palais retrospective (£10–15 million).
Additionally, works by Jackson Pollock, Alberto Burri, Gerhard Richter, and others are also going under the hammer.
With a pre-sale low estimate of £111 million ($153 million), the house expects to gross at least 60 percent more than it did in the same sale last year, which carried a low estimate of £67 million ($92 million).
At the same time, Outred noted that a recent correction in the global equities market could also boost bidding activity. “Historically, whenever we’ve seen this kind of situation in the [equities] markets, it has brought positivity to the art market because people are withdrawing their stocks, and they tend to have more money to spend on art,” he said.