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Shapazian, Palevsky and Hopper estates pay off at Christie's, and Calder sets record

November 11, 2010 | 10:32 am

Calder In its big postwar/contemporary sale Wednesday night, Christie's sold $273 million worth of art, thanks in part to three Los Angeles estates.

All 11 lots from the late gallery director Robert Shapazian were sold, bringing roughly $34 million. The top price of the Shapazian group was $9,042,000 for an Andy Warhol "Campbell's Soup Can (Tomato)" from 1962. Christie's reports that it went to "a European private buyer," confirming concerns in Los Angeles that such material might leave the city for good.

The material from Max Palevsky in Wednesday's sale brought $24.2 million. One of his works, a "stabile," or standing mobile, by Alexander Calder, set an auction record for the artist at $6,354,000. (Private Calder sales have been higher.) The buyer was not identified.

Two works from Dennis Hopper's estate were also sold last night: a Warhol silkscreen and a Jean-Michel Basquiat painting, for a total of $6,757,000. 

Less expensive material from the Shapazian, Palevsky and Hopper estate is being sold Thursday.

— Jori Finkel


Photo: Calder's "Red Curlicue," painted sheet metal, 1973, from the Max Palevsky Collection. Photo credit: Christie's.


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