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Sotheby's: Contemporary Art (New York)

posted on May. 13, 2009
Makoto Saito
Makoto Saito "Portrait of Laurence (Recognition) sold for 280,000 US$

Here is the auction reasult of Japanese artists in Sotheby's "Contemporary Art." Beside the major artists such as Kusama and Murakami, Makoto Saito's painting was sold 40% higher than the estimate.

Auction: Sotheby's "Contemporary Art"
Place: New York
Date: May 12th - 13th, 2009
 SalesSold Lots
Total75,524,975 US$*316 out of 378 (83.6%)
Japanese artist2,119,750 US$*8 out of 8 (100%)
*Prices include the Buyer's Premium.
Referance: Sotheby's sales N08550, Sotheby's sales N08551

Listed below are the auction reasults of Japanese Artists only.

Yayoi Kusama lot.12
Yayoi Kusama "Stamens sorrow (in 120 parts)"
fabric covered wood box constructions with filled cotton, wire stamens and spray paint
Estimate:700,000 - 1,000,000 US$
Sold: 630,000 US$ (w/Premium 758,500 US$)
Yayoi Kusama lot.144
Yayoi Kusama "Infinity nets-Rrrtow"
Infinity nets-Rrrtow
Estimate: 200,000 - 300,000 US$
Sold: 150,000 US$ (w/Premium 182,500 US$)
On Kawara lot.150
On Kawara "Sept. 10, 1967"
liquitex on canvas
Estimate: 120,000 - 180,000 US$
Sold: 160,000 US$ (w/Premium 194,500 US$)
On Kawara lot.151
Yayoi Kusama "Infinity nets (in 4 parts)"
acrylic on canvas
Estimate: 350,000 - 450,000 US$
Sold: 280,000 US$ (w/Premium 338,500 US$)
Katsura Funakoshi lot.227
Katsura Funakoshi "For boys of wisdom"
painted camphor wood and marble
Estimate: 250,000 - 350,000 US$
Sold: 120,000 US$ (w/Premium $146,500)
Takashi Murakami lot.341
Takashi Murakami "Rainbow flower - 11 o'clock"
acrylic and platinum leaf on canvas mounted on board
Estimate: 70,000 - 90,000 US$
Sold: 110,000 US$ (w/Premium $134,500)
Makoto Saito lot.364
Makoto Saito "Portrait of Laurence-Recognition"
acrylic and oil ink on canvas mounted on wood
Estimate: 150,000 - 200,000 US$
Sold: 280,000 US$ (w/Premium 338,500 US$)
Hiroshi Sugimoto lot.459
Hiroshi Sugimoto "Garterbrau, Vienna"
gelatin silver print, mntd
Estimate: 15,000 - 20,000 US$
Sold: 21,000 US$ (w/Premium 26,250 US$)
Related articles from other press
--Art Market Watch on artnet magazine
--In 'a Recalibrated Market,' Auction Buyers Take Over on new york times.com
--Sotheby's Contemporary Art Sale Slumps 87% From Year-Ago Record on Bloomberg.com
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