Name: Inside the Underground Art Vault at Christie's
Uploaded: 2020-03-26T00:11:46.000Z
Duration: 3 min 53 s
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So we're currently outside of the Christie's Headquarters

The superlative

in New York before the biggest evening sale of the year.

Where literally hundred of millions of dollars

worth of art is going to be sold within a matter of hours.

So Alex, we are underneath Christie's in a secure room

where some of the most valuable lots of the upcoming

post-war and contemporary art sales are being housed.

The vault of paintings gets stacked up and ready

This is a painting by one of the most well-known

artists in our field, Jean-Michel Basquiat.

His paintings are about the feeling of a black man

living in the United States in the 1980's.

and the pricing is based on what we feel of the quality

of the painting, but it's also based on what we know about

the private market for Jean-Michel Basquiat.

who is very hot right now, it falls in line with what

we've seen in the last three or four years really.

It's a hard shift from Basquiat to Rothko,

Rothko is one of the father's of the purely

abstract painting, the gestural abstraction.

Rothko, Pollock, are the ones that really opened

Interestingly enough, it's also 25 to 35 million dollars,

so it's in the same price bracket, very different feeling.

so the same year, Cy Twombly Sunset painting.

the same year as Rothko, so it's interesting

to see them actually in a sequence because it's two great

So, we looked at two 35 million dollar paintings,

These are like the greatest hits of the art market today.

Do you have anything coming up in the sales for the mere

Absolutely, we have something for everyone.

and see a wonderful Kerry James Marshall,

priced at one to one and a half million dollars.

Beautiful canvas, rare to come to the auction market.

Just coming off some wonderful museum shows in America,

in New York, in LA, we have very high expectations.

This is a perfect storm of very high-profile and

high-priced artworks coming together at a specific point.

from how these paintings do, to get a better sense

of how the art market is or where the art market is going,

or do you think that we should really, kind of

I think you can definitely get a general read

off the art market after the sale, once the results are in.

... and many more, are gonna go up on the auction block,

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Inside the Underground Art Vault at Christie's

literally

specific

absolutely

period