This market is a duel between two expensive paintings listed for sale at Christie's "20th Century Evening Sale" live auction.
Both were given the same initial estimates by Christie's: USD 20,000,000 – USD 30,000,000.
This market resolves to the painting which sells for a higher value at auction.
Resolution details:
Example from a past auction: this painting by Gentilesch has a "price realised" of USD 982,800. This is the equivalent number I will use—whatever is displayed by the auction page.
Edge cases:
If one fails to sell for any reason, it resolves to the other.
If there's a tie (or they both fail to sell), both resolve at 50%.
If any scenarios for resolution are unclear, please ask.
Pablo Picasso - Femme au chapeau assise
Large-scale canvases as exemplified by Femme au chapeau assise are filled with vitality and life, as the artist applied gestural strokes of boldly colored oil paint, and in the present work, Ripolin, an industrial type of enamel paint favored by Picasso at this time. As a result, he created a style of painting which, against a backdrop of Minimalism and Conceptualism, defied convention once more, allowing him to remain at the forefront of contemporary art.
Andy Warhol - Flowers
A towering achievement of Pop Art, Andy Warhol’s Flowers epitomizes the seismic effects of the twentieth-century’s most significant art movement. Bringing together the essential elements of Warhol’s oeuvre, this monumental painting displays the artist’s bold aesthetic vision alongside his deeply considered conceptual rigor. ... “[The Flowers] are so goddamn beautiful,” wrote the critic Peter Schjeldahl. “And so simple. And their glamour was so intense … That’s why we reach for the word ‘genius’”.
For more art auctions, check out the dashboard.
/Ziddletwix/van-gogh-vs-hockney-which-30-millio
1,000
3.00@traders Here are the results, and some coverage:
And deals there were on Thursday. Picasso’s 1971 Femme au chapeau assise by Pablo Picasso was scooped up for a hammer price of $17 million ($19.9 million with fees) against an estimate of $20 million to $30 million. The picture is not one of his greatest portraits, but it’s dynamic and punchy, especially considering Picasso was 90 years old when he painted it.
Andy Warhol’s massive Flowers (1964), a 208cm by 208cm fluorescent silkscreen, bloomed on the block, and made the evening’s top price of $30.5m ($35.4 with fees), well in excess of its $30m high estimate. It first sold from Leo Castelli Gallery in New York to the major Los Angeles collector Frederick R. Weisman. This was its auction debut.