The past week has been an historic one for the art market, many times over. From Picasso's sale of over 179 million US Dollars - the most expensive single work at auction - to Giacometti's record of the most expensive sculpture ever sold at a little over 141 million US Dollars, and everything in between. Phillip's spring auction had to be interrupted when someone fainted in the room as Fracis Bacon's bid passed the 25 million mark and even living artists saw their markets breaking personal records. Such was the case for Christopher Wool who's work sold for nearly 30 million US Dollars and Peter Doig's for just a little over 25 million. 50 Million dollars has just become the new normal for auction masterpieces, all while high volumes of work are also being shown and traded at Frieze in New York and Venice's Biennale. Aujourd'hui has made a selection of the most significant sales and some of our favourite works.
Pablo Picasso, Les Femmes d'Alger - Estimate on request Sold for: 179,365,000$USD
Alberto Giacometti, L'homme au doigt - Estimate on request Sold for: 141,285,000$USD
Peter Doig, Swamped - Estimate on request Sold for: 25,925,000$USD
Mark Rothko, Untitled (Yellow and Blue) - Estimate (40-60,000,000$USD) Sold for: 46,450,000$USD
Roy Lichtenstein, The Ring (Engagement) - Estimate on request Sold for: 41,690,000$USD
Christopher Wool, Untitled (Riot) - Estimate (12-18,000,000$USD) Sold for: 29,930,000$USD.
Sigmar Polke, Jungle - Estimate on request Sold for: 27,130,000$USD
Keith Haring, Dog - Estimate (500-700,000$USD) Sold for: 1,690,000$USD
Jonas Wood, Black still life with flower pattern - Estimate (80-120,000$USD) Sold for: 610,000$USD
Rudolf Stingel, Untitled - Estimate (2,500,000-3,500,000$USD) Sold for: 4,757,000$USD
Lucien Freud, Benefits Supervisor Resting - Estimate (30-50,000,000$USD) Sold for: 56,165,000$USD
Sterling Ruby, SP196 - Estimate (500-700,000$USD) Sold for: 665,000$USD
Jason Martin, Untitled - Estimate (40-60,000$USD) Sold for: 56,250$USD