Christie’s Sets New Record in Auction That Includes Works by Jean-Michel Basquiat, Warhol, Others

Basquiat

Christie’s, the worldwide leading auctioneer of high-end merchandise and sales, set another record at its recent Post-War and Contemporary Art event. The total sales of $412,253,100 establish a new high for Post-War and Contemporary Art. Eight new records in auction history stemmed from the sale as well.

Andy Warhol, Franz Kline, Jean-Michel Basquiat, Mark Rothko, Jeff Koons, and Roy Lichtenstein are some of the artists that make up the 92 percent sell-through level achieved. Eleven lots sold for more than $10 million; 16 lots at more than $5 million; and 56 went for more than $1 million. The sale-to-value ratio of the auction was 93 percent.

“This evening’s sale set a new record total for any Post-War and Contemporary Art sale. Over the past six years, Christie’s has led this market first over the $200 million, then over the $300 million, and now over the $400 million barrier,” said Brett Gorvy, deputy chairman and international head of Post-War and Contemporary Art. “We curated the sale around a rich variety of the highest quality…

Read more: Just Luxe

Independent journalism still matters.

We hope this story was worth your time. For over 14 years, Atlanta Black Star has stayed Black-owned and independently run. We didn't get here by waiting on ad budgets that were never built to prioritize us. Our readers did that.

Corporate support for Black media has always been thin. Outlets like ours get roughly 1% of the $170 billion spent on U.S. advertising each year, and that margin is shrinking further as advertisers walk back the DEI-linked commitments they made in 2020. That's the backdrop. It's not why we're asking.

The wider picture isn't any steadier. Newspaper ad revenue has fallen more than 80% since 2005, and local newsrooms are closing at a rate of roughly two a week nationwide. When outlets go under, it's rarely the ones built to center a Black perspective from the ground up that get to stick around.

We know a request for support isn't why you came here. But without readers choosing to fund this work directly, the depth of reporting we can do at home and abroad shrinks along with everyone else's. If you're not in a position to give, that doesn't change how much we value you as a reader.

If you are able to, a recurring contribution does more for us than a single one-time gift, because it lets us plan the next investigation instead of just the next invoice. It takes about 30 seconds, no long form, no account. Thank you for continuing to support independent journalism and freedom of the press.

Back to top