Robert Motherwell leads Heritage’s first contemporary art sale in New York

by Robert Motherwell Untitled (Ocher with black line) sold for $965,000 on October 28, leading New York’s first modern and contemporary art sale at Heritage Auctions, which fetched a total of $3.85 million overnight and saw 87% of lots find buyers.

The sale, which jumped ahead of the fall auction season, which begins in earnest next week, is the Dallas-based collectibles auctioneer’s first foray into the art market. contemporary New York.

Threatened species (1983). Photo: Heritage Auctions.” width=”500″ height=”500″ srcset=” 500w ,×150.jpg 150w, 10/warhol-endangered-species-300×300.jpg 300w,×32.jpg 32w, https://news.×64.jpg 64w, -96×96.jpg 96w,×128.jpg 128w, -upload/2015/10/warhol-endangered-species-256×256.jpg 256w” sizes=”(max-width: 500px) 100vw, 500px”/>

Andy Warhol, The threatened species (1983).
Photo: Heritage Auctions.

The Motherwell was within his estimate ($800,000-$1.2 million). A complete set of 10 by Andy Warhol The threatened species the serigraphs brought in $725,000.

Other highlights include Ai Weiwei Surveillance camera, which topped its low pre-sale estimate of just $1,000 when it sold for $401,000, and a Batman painting by Mel Ramos, which fetched $173,000, even though the artist originally had it. traded for a stack of comics. The canvas, titled A sinister figure lurks in the shadowswas not to sell for more than $120,000.

The first ten lots also included works by Roy Lichtenstein, Arshile Gorky and Sam Francis, as well as a serigraph and serigraph by Warhol.

Mel Ramos, A Sinister Figure Lies in the Shadows (1962).  Photo: Heritage Auctions.

Mel Ramos, A sinister figure lurks in the shadows (1962).
Photo: Heritage Auctions.

Among the unsold lots was that of Robert Rauschenberg Van Vleck Series VIwhich Heritage estimated would be hammered between $120,000 and $180,000.

Overall, the numbers aren’t nearly in the same stratosphere as the expected catches at other major auction houses in the coming weeks. Nonetheless, Heritage offers collectors the opportunity to sell less valuable works by equally sought-after artists, who may not be of interest to its competitors.

As Leon Benrimon, director of modern and contemporary art at Heritage in New York, told artnet News before the sale: “We’re not trying to compete with Sotheby’s, Christie’s or Phillips.

Follow Artnet News on Facebook:

Want to stay one step ahead of the art world? Subscribe to our newsletter to receive breaking news, revealing interviews and incisive reviews that move the conversation forward.

Laura J. Boyer