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artnet AG: Artnet’s Premierprints auction with record results

04/14/2022 / 18:42
The issuer/publisher is responsible for the content of the notification.

Artnets Excellent Publications Auction with record results

– Achieved 8 auction records, 4 first-time sales

– By value: 106% selling price

$425,000 Roy Lichtenstein Naked with yellow pillow

Artnet’s most successful print auction to date

New York/Berlin, April 14, 2022: Artnet’s Spring Auction Excellent prints and complications It sets a new record as the most profitable auction in the history of this category. This auction had a turnover of 106% and eight auction records.
The auction attracted worldwide interest with bidders from three continents. More than half of the artworks sold exceeded their maximum ratings. All artwork sold at auction exceeded its low ratings by an average of 65%.
Roy Lichtenstein was the bulk of the auction Naked with yellow pillow from 1994. It sold for $425,000, more than double its low estimate, becoming the most expensive print sold through the Artnet Auctions platform that year. Five bidders competed for this work, pushing the price to a new auction record for the drawing. At $47,000, that price exceeded the record price set by Sotheby’s only last year.
“Thanks to the trust of our customers and the exemplary performance of the Artnet Auctions team, our print auctions have achieved impressive results for some fantastic and rare editions,” said Conner Williams, director of prints and multiples at Artnet Auctions. “This was demonstrated by the active bidding war on a naked Liechtenstein with a yellow pillow on the last day of the auction.”

Roy Lichtenstein nude with yellow pillow

Other notable prizes in the auction include Helen Frankenthaler’s 1987 work Mary Mary which also fetched more than double its bottom estimate of $16,250, Keith Haring’s 1988 work Art’s attack on AIDS, a limited edition rare screen print on wood that fetched $93,750. In addition, it was Three clips, a complete set of three Jonas Wood works exhibited and sold. This was only the second time that the three prints had been offered at auction. After a fierce bidding war, the collection made $100,000, making it one of the highest auction results for a collection of prints by the artist.
Colin Cash, Vice President of Artnet Auctions stated: “Prints have always been one of the most important categories at Artnet auctions. This latest auction underscores the strength of our position in the market, particularly in relation to modern and contemporary art. With many international bids, our strategy and online ordering have evolved into expensive and well-known artworks” .

More news and publications on the topic of investor relations can be found here:
http://www.artnet.com/investor-relations/

About Artnet
With over 55 million users annually, Artnet is the world’s largest art platform. Founded in 1989, Artnet has revolutionized the way people discover, search, and collect art today. Artnet market data is an important resource for the art industry. It includes more than 15 million auction results and analytics based on artificial intelligence and machine learning that provide an unprecedented level of transparency and insight into the art market. The Artnet Marketplace connects leading galleries and auction houses with our global users and customers, offering a curated selection of over 250,000 artworks for sale. Artnet Auctions’ online art auction platform provides buyers and sellers unparalleled access, liquidity, and efficiency. Artnet News reports on the events, trends, and people shaping the global art market with up-to-date analysis and expert commentary. Artnet News is the art industry’s most-read news publication. The synergies of Artnet AG’s products form a comprehensive ecosystem that drives and informs the modern art market.

Artnet AG is listed on the main benchmark of the Frankfurt Stock Exchange, the part with the highest transparency regulations. The majority of business is done through Artnet Worldwide, a wholly owned subsidiary founded in 1989 and headquartered in New York. Artnet Worldwide Corp. A London-based company, Artnet UK Ltd.

ISIN Number: DE000A1K0375
LEI: 391200SHGPEDTRIC0X31
Contact:
Sophie Neuendorf
sneuendorf@artnet.com

04/14/2022 Release of company news / financial news, transmitted by DGAP – a service of EQS Group AG.
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