Highlights from May’s Contemporary Art Auctions
Contemporary art reaches full flower in the second week of May at the New York branches of Sotheby’s and Christie’s during their marquee spring evening sales.
The cover lot for the catalog of Sotheby’s May 10 Contemporary Art Evening Auction is Pink Panther, a 41-inch-tall porcelain sculpture from Jeff Koons’ Banality series, which also included Michael Jackson and Bubbles. Created in 1988, it depicts a topless blonde cuddling a Pink Panther doll. This artist’s proof from an edition of three (plus the artist’s proof), is estimated at $20 million to $30 million. (www.sothebys.com)
Not Your Average Bear
Exhibiting lots from an upcoming sale is standard procedure, but Christie’s is taking things a step further with Urs Fischer’s Untitled (Lamp/Bear), which will headline its Postwar and Contemporary Art Evening Sale on May 11. Christie’s arranged to install the 23-foot-tall bronze, produced in 2005–2006, in front of the Seagram Building in New York, where it will remain until September. The first of a limited edition of two plus an artist’s proof, Untitled (Lamp/Bear) should fetch a sum in the region of $10 million. (www.christies.com)