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Sotheby's Hits the Mark with Contemporary Art Sale

By ARTINFO

Published: September 11, 2008
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Courtesy Sotheby's
The top lot was Roy Lichtenstein's "Interior with Three Hanging Lamps" (1991), which sold for $482,500 (est. $500–700,000).


Courtesy Sotheby's
Robert Indiana's "Nine" realized $338,500 (est. $200–300,000).

NEW YORK—Sotheby's daytime sale of contemporary art brought in $10.5 million yesterday, falling safely within its $9.8–14 million pre-sale estimate.

The top lots were two Lichtensteins — Interior with Three Hanging Lamps (1991), which went for $482,500 (est. $500–700,000), and Pistol (1964), which exceeded its $150–200,000 pre-sale estimate, bringing in $254,500 — and a Robert Indiana work, Nine (1965), which sold for $338,500 (est. $200–300,000). Other top-ten sellers included Adolph Gottlieb's Asterisk on Brown (1967); Isamu Noguchi's Little She (1966); and James Rosenquist's Small Doorstop (1963–67).

Jennifer Roth, senior vice president at Sotheby's and the specialist in charge of the sale, said: "We are happy with the strong results seen in this varied sale, which covered the spectrum of the contemporary art field. Particularly strong prices were seen for fresh property from estates and private collections... California artists such as Frank Lobdell and Elmer Nelson Bischoff performed very well. Works of Op art and geometric abstraction garnered strong bidding, and we saw great interest in younger contemporary artists such as Ouattara Watts and Chantal Joffe.”
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