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World|business|November 11, 2015 / 11:44 AM
Andy Warhol's quadruple portrait of Marilyn Monroe sold for $36 million

AKIPRESS.COM - BN-LE821_CHRIST_M_20151110193143 One night after Christie’s International sold an Amedeo Modigliani portrait for $170.4 million, the auction house doubled down by selling an additional group of contemporary artworks for $331.8 million combined.

The sale was led by an Andy Warhol quadruple portrait of Hollywood star Marilyn Monroe that an Asian telephone bidder won for $32 million, or $36 million with Christie’s added commission, Th Wall Street Journal said.

The house can now seek private buyers for these works, but such losses marred what was otherwise a solid result, with 80% of the total lots finding buyers. Highlights included Lucian Freud’s 2003-2004 “The Brigadier,” which sold to a phone bidder for $31 million, or $34.9 million with Christie’s fees. Freud’s portrait of Camilla Parker Bowles’s ex-husband, Parker Bowles, dressed in his military uniform was estimated to sell for $30 million.

A Chinese telephone bidder took home Lucio Fontana’s yellow, egg-shape “Spatial Concept, The End of God” painting from 1964 for $25.9 million, or $29.2 million with fees. The work was estimated to sell for $25 million.

Another Chinese bidder paid Christie’s $9.5 million for Alexander Calder’s hanging mobile, “Vertical out of Horizontal,” one of a group of Calders being sold by the estate of Arthur and Anita Kahn that proved a hit with bidders. Overall, the Kahn estate sold $47 million combined, tripling its presale estimate.

The record for French-American sculptor Louise Bourgeois was also reset when her camper-size bronze “Spider” from 1997 sold for $28.2 million with fees, establishing a new auction high for the artist. Elsewhere in the sale, six other record prices were smashed for artists like conceptual artist Felix Gonzalez-Torres, whose row of refillable green candy, “Untitled (L.A.),” sold to a phone bidder for $7.7 million with fees.

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