- 8 auction records set, 4 auction debuts
- 106% Sell-Through Rate by value
- $425k for Roy Lichtenstein's Nude with Yellow Pillow sets a new auction record
- Strongest Prints Sale in Artnet Auctions history
NEW YORK, NY and BERLIN, GERMANY / ACCESSWIRE / April 14, 2022 / Artnet Auctions' spring Premier Prints & Multiples sale set a new record for the highest revenue generating sale in the category's history. The sale achieved a sell-through by value of 106% and set eight auction records.
The sale saw worldwide bidding across three continents. All of the artworks sold in the auction exceeded their low-estimate by an average of 65%, while over half of the artworks sold also exceeded their high-estimate.
The top lot of the auction was Roy Lichtenstein's 1994 Nude with Yellow Pillow (from the Nude series), which sold for $425,000 - over twice its low estimate - and was the highest value work sold on the Artnet Auctions platform so far this year. Five bidders competed for this work, setting a new auction record for the print and surpassing the mark set just last year at Sotheby's by $47,000.
"With the trust of our clients and hard work of our Prints team, our Prints sales have continued to achieve strong results for some really wonderful and rare-to-market editions", said Conner Williams, Artnet Auctions' Head of Prints and Multiples. "I think this was no more apparent than in the outburst of competitive bidding on the final day, especially for Lichtenstein's Nude with Yellow Pillow."
Roy Lichtenstein Nude with Yellow Pillow
Other notable records set in the sale include Helen Frankenthaler's 1987 work Mary, Mary, which also realized more than double its low estimate at $16,250, and Keith Haring's 1988 work Art Attack on AIDS, a rare and small-edition screenprint on wood, which realized $93,750. Additionally, Three Clippings, a complete set of 3 works, by Jonas Wood was offered and sold in the sale - this was only the second time the trio of prints had come to auction, and after several rounds of competitive bidding, the set achieved $100,000, making it one of the highest auction results for a set of prints by the artist.
Colleen Cash, Artnet's Vice President, Auctions, noted that "Prints has long been a top category for us at Artnet Auctions, and this latest sale confirms the strength of our market positioning, especially where top-tier modern and contemporary artwork is concerned. With competitive bidding seen from clients across the globe, there's no question of the category's strength at Artnet, or the appetite the market has for great work accessed digitally."
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http://www.artnet.com/investor-relations/
About Artnet
Artnet has an unparalleled 55 million users annually, making it the largest global platform for fine art. Founded in 1989, Artnet has revolutionized the way people discover, research, and collect art today. Artnet's Data provides mission-critical resources for the art industry, encompassing more than 15 million auction results and AI- and ML-driven analytics, further driving transparency and insight into the art market. Artnet's marketplace connects leading galleries and auction houses with its global audience, offering a curated selection of over 250,000 artworks for sale worldwide. Artnet Auctions, the pioneering online-only auction platform, offers unprecedented reach, liquidity, and efficiency for buyers and sellers. Artnet News covers the events, trends, and people shaping the global art market with up-to-the-minute analysis and expert commentary. It is the single most-read news publication in the fine art industry, with a rapidly growing, dedicated audience. Together, Artnet's broad synergistic product offering provides a comprehensive ecosystem that drives and informs the modern art market.
Artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the segment with the highest transparency standards. The majority of operations are headquartered in New York at its wholly-owned subsidiary, Artnet Worldwide Corporation, a New York based entity founded in 1989. Artnet Worldwide Corp. owns a London based subsidiary, Artnet UK Ltd.
ISIN: DE000A1K0375
LEI: 391200SHGPEDTRIC0X31
Contact:
Sophie Neuendorf
sneuendorf@artnet.com
SOURCE: artnet AG
View source version on accesswire.com:
https://www.accesswire.com/697557/Record-Breaking-Premier-Prints-Sale-Soars-on-Artnet-Auctions
