Auction  September 27, 2018

New Record for Kerry James Marshall’s “Study” at Sotheby’s Contemporary Curated

Courtesy Sotheby's

Kerry James Marshall, Study for Past Times, 1997, acrylic, felt-tip pen and graphite on paper mounted on board. Estimate: $900,000/1.2 million. Sold for $1,815,000.

NEW YORK, 26 September 2018 – Sotheby’s Contemporary Curated auction concluded last night in New York with a total of $31 million – the highest-ever total for the auction series since it was introduced at Sotheby’s in 2013.

Charlotte Van Dercook, Head of Sotheby’s Contemporary Curated auctions in New York, remarked: “We are thrilled with the results from today’s auction, which saw our highest total since we began the Contemporary Curated auction series in September 2013. The sale brought outstanding prices for both established and emerging artists alike, and with particular strength in the market for works by African American artists including Kehinde Wiley, Faith Ringgold, Sam Gilliam and many others. We also established several auction records, including a record for a work on paper by Kerry James Marshall; a record for a Scramble by Frank Stella and a record for a work by Anne Truitt. We look forward to continuing this success as our Contemporary Curated sales expand, and are excited to use this momentum as we look to Hong Kong and London for our Contemporary auctions in the coming weeks.”

Courtesy Sotheby's

Property from a Recognized American Collection. Frank Stella, Scramble: Descending Green Values/Descending Spectrum, 1977, acrylic on canvas. Estimate: $2/3 million. Sold for $2,655,000.

Courtesy Sotheby's

George Condo, Girl with Ponytail, 2009, acrylic on canvas. Estimate: $1/1.5 million. Sold for $1,695,000.

The auction was led by Frank Stella’s Scramble: Descending Green Values/Descending Spectrum, a remarkable embodiment of the exhilarating visual energy that characterizes the very finest of his oeuvre, which brought $2.7 million – an auction record for any Scramble painting by the artist. Enveloping the viewer in a dazzling surge of painterly force, the canvas from 1977 captures Stella’s incisive intellectual rigor as applied to the very tenets of painting.

Following the record-breaking $21.1 million sale of Kerry James Marshall’s pivotal Past Times in May 2018, the artist’s Study for Past Times bested its high estimate to achieve $1.8 million, establishing a new auction record for a work on paper by Marshall (estimate $900,000/1.2 million). Study for Past Times combines the most thought provoking and aesthetically engaging features of Marshall’s most celebrated larger scale paintings, with a level of insight into his compositional and conceptual developments that are seldom afforded by his grander examples.

In addition to pieces by these two artists, five works achieved prices in excess of $1 million, including George Condo’s Girl with Ponytail from 2009, a quintessential example of the artist’s distorted portraits that achieved $1.7 million (estimate $1/1.5 million); Robert Motherwell’s Elegy to the Spanish Republic #169, a classic example of the artist’s most acclaimed body of works, which also sold for $1.7 million; and Jonas Wood’s Hunting with Mochi that realized $1,035,000 (estimate $400/600,000).