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May 12, 2006

May Art Quiz Winner!!

So yesterday was the Sothebys Contemporary   feeding frenzy  sale.  And as expected, irrational exuberance was rampant in these auction rooms this week. This has resulted in the Highest Contemporary Art Sale In Sothebys History!!

New Sky High record prices were set for Robert Ryman, Andreas Gursky, Damien Hirst, Lisa Yuskavage, David Hockney, Neo Rauch, Brice Marden, and Cecily Brown just to name a few. 10 artist records alone were set at Sothebys Wednesday night.  It must have been a full moon.  But, all in all, as of this morning, 141 different works sold for over a million dollars each !!

Warhol_mao_sothebysmay11_1 Our beloved little MAO painting by

Andy Warhol (1928-1987) MAO

Estimated Sales Price : $250,000 - 350,000

Size : 12 by 10 inches.

Description : Acrylic and Silkscreen ink on canvas

Executed in 1973.

Sold for a total whopping $772,000.

But sad to say.. very few of our bright MAO readers thought it was worth anywhere near the three quarters of a Million dollars hammer price.

We had one cracked out optimistic reader who suggested a million dollars.. but the winning guess came from Cesar L of New York City, who guessed $550,000. Cesar has selected a great NYC art charity. Creative Time for a donation to be made in his honor. Great choice, and nice guess! Congratulations Cesar!!

Shirinneshat FYI... On June 1st, Creative Time is going to have a great fund raising event. It's their annual Benefit and this time it's honoring artist Shirin Neshat! So, Well worth checking out!

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Who wudda thunk that little Mao to come in 6th highest out of 443 lots.

Quote from Andy "You could make art out of that"

Howdy!

I think you got a small typo there, "Neo Ranch" sounds like something Kraft would want me to pour on my salad, I think you mean "Neo Rauch," right?

Hey Zeke,
Thanks.. for the correction.. I was rushing, and I have an over zealous spell checker!

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