Christie's Fall Auction in New York: Disappointing Results for Blue-Chip Artists
Christie's first evening sale of the fall season in New York fell short of expectations, with the auction dedicated to 21st-century art hammering at $88.4 million, below its $96 million estimate. While there were four new records set, including works by Jadé Fadojutimi and Jenna Gribbon, many valuable lots failed to reach their low estimates. Established artists like Cy Twombly and Jean-Michel Basquiat also struggled to generate momentum. However, artists with less established markets, particularly female figurative painters, performed well, with works by Stefanie Heinze, Jenny Saville, and others exceeding expectations.