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The Art Market Update - Andy Warhol & Michael Parekowhai

12/8/2019

 
Andy Warhol / Marilyn / screenprint in colour on wove paper, 1967, 238/250 / 910 x 910 mm / est $130,000-180,000
Andy Warhol / Green Pea Soup / screenprint on paper, edition 138/250 / 890 x 580 mm / est $25,000 - 35,000
Even though Andy Warhol is one of the most famous artists in the world, his works pop up surprisingly frequently at auction in New Zealand. Both Art + Object and Webb's had a Warhol in their art sales last week, each selling within a few days of each other. At A+O the top price of the night went to Andy Warhol's Marilyn which sold for $141 000 (incl. BP & gst).  Webb's had a Soup Can screenprint that sold for $41,125 (incl. BP) the very next evening.  Two iconic pieces by the artist.
Parekowhai / The Bosom of Abraham / screenprint / est $10,000-15,000
Parekowhai / Passchendaele / c-type print / est $16,000 - 20,000
Parekowhai / The Moment of Cubism / bronze / est $25,000 - 35,000
Michael Parekowhai is always a favourite at auction.  Three works of differing media, were up for sale last week; a kowhaiwhai printed lightbox (at Art + Object), a large scale photograph and an unique hand finished bronze 'sapling' (at Webb's).  The Moment of Cubism (the lemon tree sapling) sold for $64,625 (incl. BP) against an estimate of $25,000 - $35,000.  The three editions that had sold previously at auction were all sold for around the $30,000 mark, so this was a great price.  The Bosom of Abraham light box sold for $14,415 (incl. BP & gst)  and Passchendaele a large scale c-type photograph sold for $20,562.50 (incl BP). These were both marginally lighter than the highest prices of previous versions at auction. Winter can keep some buyers away from the sale room, so I look forward to the effect of the coming warmer and lighter months on the art market.

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