CHRISTIE S NEW YORK SETS RECORD FOR ANY EVENING SALE OF POST-WAR AND CONTEMPORARY ART MAY 11TH 2005 AT $133,707,200 THIS LARGE OVERSIZED CATALOG CONTAINS 274 PAGES AND 76 LOTS Sixteen World Auction Records Achieved New York, NY Christie s evening sale of Post-War and Contemporary Art at Rockefeller Center totaled $133,707,200 tonight, a record for any sale of Post-War and Contemporary Art worldwide, ever. The sale saw sixteen new world auction records and was 91% sold by value and 86% sold by lot. The top lot of the evening was Edward Hopper s Chair Car, a haunting yet mesmerizing work that sold for $14,016,000 and set a new world auction record for the artist. Thirty-five works sold for over $1 million, and 96% of the lots fetched prices within or above pre-sale estimates. Buyers were 79% American, 20% European and 1% other.Tonight s sale was an amazing and stellar event, said Christopher Burge, Honorary Chairman of Christie s Americas and the evening s auctioneer. The sale was beautiful to look at and beautiful to sell. With great works from the 1940s and 50s all the way through to the present, it had everything an auctioneer and collectors could possibly want. Bidders fought fiercely and persistently over almost every lot, attracted by accurate and enticing estimates. Chapeau to my colleagues for putting such a sale together. The top lot of the sale was Chair Car, 1965, a quintessential Hopper painting and one of the last works by the artist in private hands. The painting rapidly surpassed the previous world auction record for Hopper, which stood at $2.5 million, when it sold for $14,016,000. A virtual snapshot of a moment in a rail car, Chair Car depicts a simple yet forceful composition of four solitary figures, three women and one man, seated far apart from one another and who are seemingly engrossed in thought. The painting came from the collection of David and Helen Pall. An unprecedented act of philanthropy came to fruition tonight with the sale of 13 masterworks of abstract expressionist art, donated by a New York couple to the Jewish Communal Fund. A fabulous highlight of the collection was Willem de Kooning s Sail Cloth, executed in 1949, before de Kooning embarked upon his famous Woman series. Against a pre-sale estimate of $8 12 million, the painting achieved $13,120,000. Mark Rothko s Untitled, 1964, a deeply resonant canvas from his later years, marked by a shimmering cranberry border and balance of contrasting tones, realized $10,096,000. A masterful black and white composition by Franz Kline, Crow Dancer flew to $6,400,000. The total result for the collection, which further included works by Rauschenberg, Cornell, Newman, Noguchi and Smith was $44,268,800 and saw 5 world auction records including one for Arshile Gorsky s Composition II (a new world auction record for a work on paper at $2,760,000) and Joseph Cornell s Untitled (Medici Princess) (a world auction record for Cornell at $2,592,000). The proceeds will be contributed to the couple's philanthropic fund at the Jewish Communal Fund to support issues of health, education, medical research and other needs in the global community. From the Collection of Ruth and Harvey Kaplan came Philip Guston s The Street, painted in 1956, the last great year of sensual abstraction for the artist. One of the last Guston abstract paintings from this period that is not in a museum or private collection, the work s importance and rare availability was instantly acknowledged by several collectors and the resulting bidding was fierce. The Street realized $7,296,000 against a pre-sale estimate of $3 - 4 million, a new world auction record for the artist. Sculpture fared well throughout the sale. Jasper John s The Critic Sees, 1961, was one of the much coveted works. Against an estimate of $3,500,000-5,000,000, the sculpture sold for $3,936,000, a world auction record for a sculpture by Johns. Other pieces of sculpture that fetched solid prices include David Smith s Voltri ($912,000); Femme couchée by Alexander Calder ($1,920,000), a sensual and elegant wire sculpture of Josephine Baker; and Tripod ($2,144,000), a magnificent outdoor sculpture by the same artist. Two paintings by Britain s most iconic modernist painters, Bacon and Freud, both realized excellent results. Bacon s Seated Figure, 1979, a searing representation of the human condition fetched $3,936,000 while Lucian Freud s Naked Woman on a Sofa, 1984-85 realized $5,616,000. Other highlights of the evening s sale included Andy Warhol s Flowers, 1965 (7,856,000); Jeff Koons Small Vase of Flowers, 1991 ($2,256,000); Luc Tuymans Sculpture, 2000 ($1,472,000); Peter Doig s Briey (Concrete Cabin), 1994-1996 ($632,000) and Elizabeth Peyton s John Lennon 1964 ($800,000). Post-War Art & Contemporary Art May 11, 2005 17 Records Established Hopper, Edward, Chair Car, 1965, lot 34 Sold for $14,016,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $2,420,000 South Truro Church, 1930, Sotheby's New York, November 29, 1990, Lot 104) Guston, Philip, The Street, lot 31 Sold for $7,296,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $1,879,500 Painter in bed, 1973, Sotheby's New York, November 12, 2002, Lot 29) Kline, Franz, Crow Dancer, 1958, lot 16 Sold for $6,400,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $4,519,500 Ninth Street, 1951, Sotheby's New York, November 12, 2002, Lot 13) *Note: World auction record for a work on paper by the artist was established Red Field (Formerly Black over Reds), 1955 Sold for: $576,000 (Previous Record, $310,500 Abstraction No. 1, 1951, Sotheby s New York, November 17, 1999, Lot 27) Johns, Jasper, The Critic Sees, 1961, lot 40 Sold for $3,936,000 WORLD AUCTION RECORD FOR THE ARTIST FOR A SCULPTURE (Previous Record, $385,000 Flag, 1960, Christie s New York, November 8, 1989, Lot 333) Gorky, Arshile, Composition II, 1943, lot 13 Sold for $2,760,000 AUCTION RECORD FOR THE ARTIST FOR A WORK ON PAPER (Previous Record, $697,000 Untitled, 1943, Sotheby's New York, November 12, 2002, Lot 2) Cornell, Joseph Untitled (Medici Princess), circa 1952, lot 17 Sold for $2,592,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous record, $495,000, Untitled (Grand Hotel Pharmacy), 1942 1948, Christie's New York, November 13, 1989, Lot 56) Polke, Sigmar, Bavarian, 1965, lot 53 Sold for $1,696,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $1,690,253 Untitled (Doppelporträt), 1963 1964, Sotheby s London, February 7, 2001, Lot 2) Tuymans, Luc, Sculpture, 2000, lot 5 Sold for $1,472,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $427,500 Within, 2001, Phillips, de Pury & Luxembourg New York, November 13, 2003, Lot 5) Rosenquist, James, Be Beautiful, 1964, lot 54 Sold for $1,248,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $512,000 Air hammer, 1962, Sotheby s New York, May 12, 2004, Lot 41) Kusama, Yayoi, No. B, 3, 1962, lot 71 Sold for $1,192,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $276,300 Infinity nets, 1962, Christie s new York, November 11, 2004, Lot 121) Noguchi, Isamu, The Cry, 1959-1963, lot 15 Sold for $1,024,000 WORLD AUCTION RECORD FOR THE ARTIST BROKEN TWICE TONIGHT (Previous Record, $732,800 Bindu, circa 1966-1967, Christie s New York, May 11, 2005, Lot 12) Lichtenstein, Roy, Diana, 1965, lot 36 Sold for $800,000 WORLD AUCTION RECORD FOR THE ARTIST FOR A WORK ON PAPER (Previous Record, $589,000 Two paintings: Sleeping muse, 1983, Christie's New York, November 16, 2000, Lot 155) Peyton, Elizabeth, John Lennon, 1964, lot 62 Sold for $800,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $135,899 Matthew, 1997, Christie s London, June 27, 2002, Lot 2) Prince, Richard, The Wrong Joke, 1994, lot 2 Sold for $800,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $747,200 My name (diptych), 1987, Phillips, de Pury & Company New York, May 13, 2004, Lot 12) Doig, Peter, Briey (Concrete Cabin), 1994-1996, lot 6 Sold for $632,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $479,649 The architect's home in the ravine, 1991, Sotheby's London, June 26, 2002, Lot 4) Demand, Thomas, Calculator (Rechner), 2001, lot 49 Sold for $180,000 WORLD AUCTION RECORD FOR THE ARTIST (Previous Record, $176,000, Room, 1995, Sotheby's New York, November 9, 2004, Lot 1) SALE 1516 B-2 S-5

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