Even though it was a sunny day in New York on Wednesday, Taubman’s Masterworks sale did not seem to share the same golden rays as promised.
The big winners of the night were lead by Georgia O’Keefe (hallelujah! a woman leading the usually testosterone driven auctions).
Pink and Green (Pink Pastelle),
Estimated Price USD 1,200,000 — 1,800,000
Sold for USD 2,530,000
Many works were Bought In, even the most instagramed #TaubmanAtSothebys piece; the Femme Assise sur use chaise (Dora)– or simply the elegant lady in the green dress.
The elegant lady did not manage to exceed the lower estimated price ( USD 25,000,000) and it was sold for “only” USD 20,074,000.
Klimt was very well represented, as he was from the very few that managed to exceed the high estimated prices. The same could not be said for Klimt’s student, Schiele whose prices were yo-yoing, sometimes up and others down.
In total the Masterworks managed to raise USD 377,034,000, that’s about 120 million less than expected…Lets see if the Modern & Contemporary Sale will help a little bit…
The Modern & Contemporary Sale was jollier (probably the champagne did some wonders). Yesterday they managed to surprise and surpass the prognostics.
On that note, the Contemporary managed to reach USD 42,715,500
In total Taubman at Sotheby’s collected USD 419,749,500.- instead of the highly anticipated 500,000,00 but I guess that’s life!
Illustration and Text by Dimitria Markou