Warhol’s ‘Queen Elizabeth II’ reigns over Christie’s $4.4M prints sale

Andy Warhol, ‘Queen Elizabeth II’ from his 1985 series ‘Reigning Queens (Royal Edition)’, which sold for £275,000

Andy Warhol, ‘Queen Elizabeth II’ from his 1985 series ‘Reigning Queens (Royal Edition)’, which sold for £275,000. Courtesy Christie’s Images Ltd. 2021

LONDON – The Christie’s Prints & Multiples Online Sale realized a total of £3,170,000/ $4,403,130 /€3,693,050, selling 94.22% by lot and was led by Andy Warhol, Queen Elizabeth II, from his 1985 series Reigning Queens (Royal Edition). It sold for a £275,000, a record for a screen print with this subject matter by the artist at auction.

An auction record was also achieved for Contrejour in the French Style, a record price for an etching of this subject matter by David Hockney, selling for £93,750, more than double its high estimate of £26,000-£35,000.

David Hockney’s ‘Contrejour in the French Style’ sold for £93,750, more than double its high estimate of £26,000-£35,000

David Hockney’s ‘Contrejour in the French Style’ sold for £93,750, more than double its high estimate of £26,000-£35,000. Courtesy Christie’s Images Ltd. 2021

The online auction saw strong prices that exceeded pre-sale expectations for a number of artists. STIK’s Plaque (Red), Plaque (Orange), Plaque (Yellow) sold for £68,750 against an estimate of £15,000-£25,000, and Andy Warhol’s Queen Elizabeth II from Reigning Queens sold for £162,500 against an estimate of £70,000-£100,000. Another Warhol work, Sunset, sold for £118,750 against an estimate of £50,000-£70,000. Roy Lichtenstein’s Red Lamp sold for £47,500 against an estimate of £8,000-£12,000, and William Kentridge’s Sleeper Red, from his Sleeper Series, sold for £52,500 against an estimate of £25,000-£35,000.

Andy Warhol’s ‘Sunset’ sold for £118,750 against an estimate of £50,000-£70,000

Andy Warhol’s ‘Sunset’ sold for £118,750 against an estimate of £50,000-£70,000. Courtesy Christie’s Images Ltd. 2021

Additional highlights include prints by Henri Matisse from the Estate of Jacquelyn Miller Matisse, among them La Pompadour, which sold for £15,000 against an estimate of £3,500-£4,500, and Primavera, which realized £13,750 against an estimate of £4,500-£5,500). Works from the collection of Michael Abrams, son of the New York art book publisher and collector, also sold well, led by James Rosenquist’s Marilyn, which realized £6,875. The fourth edition of the ‘Banksy: I can’t believe you morons actually buy this sh*t’ online sale realized a total of £4,461,250/$5,509,644 /€5,094,748, selling 93.62 % by lot.

April 5, 2021 rate of exchange: £1 = US$1.39

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