christies edlis neeson sale 124 million 2716072

Christie's 21st-century evening sale in New York on Wednesday night achieved $123.6 million, just below its $126 million high estimate and 16% above last year's sale. The sale featured 19 lots from the collection of the late Stefan Edlis and his widow Gael Neeson, which brought in $49.2 million against a $30 million estimate. The top lot was Christopher Wool's "Untitled (RIOT)" (1990), selling for $19.8 million. New auction records were set for Firelei Báez ($1.1 million) and Olga de Amaral ($3.1 million). Only one of 45 lots failed to sell—a Cecily Brown painting estimated at $4–6 million. The sale was characterized by careful use of third-party guarantees and lowered reserves, with art advisor Aileen Agopian noting bidding was "deep and robust" despite a flat atmosphere.