The most recent Christie’s Post War and Contemporary Art Sale in London two days ago realized a total of £79.2 million, a drop of 43% over the same auction one year ago. However, Christie’s notes that this year they are having three “more equally sized” auctions rather than two. The firmness of the market was perhaps better reflected by the sale of all but three lots.
Almost half the evening’s total was contributed by David Hockney’s double portrait of Henry Geldzahler and Christopher Scott (1969).
The painting sold to an unknown buyer for £37.7 million, a European record for any living artist.