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  • Cy Twombly's Untitled (New York City) sells for $29.9m
  • Post author
    Paul Fraser
  • (NewCyTwombly'sUntitled

Cy Twombly's Untitled (New York City) sells for $29.9m

Cy Twombly's Untitled (New York City) led an evening sale of contemporary art at Christie's London on February 11, achieving £19.6m ($29.9m).

The sale represents the second highest figure paid for a work by Twombly. It comes soon after the $69.6m record for his work, set at Sotheby's New York last year.

Twombly New York
The piece is the second most valuable Cy Twombly painting ever sold

Gerhard Richter's Vierwaldstatter See (Lake Lucerne) also sold well, with a final bid of £15.7m ($24m).

Francis Outred, international director and head of post-war & contemporary art for Christie's Europe, commented: "London has seen stellar evening sales for Post-War and Contemporary Art in the last few years - the Christie's June 2012 record of £132million in a single night has never been beaten.

"In that spectrum, our sale stands out as a great result, a huge success. The interest in contemporary art has grown enormously, but at a rate that is sustainable.

"No bubble produces bidders from 40 countries and six continents for such a diverse range of works. I am particularly proud that in the week of Richter's 83rd birthday, one of his greatest paintings - of Lake Lucerne - a place so close to his heart, was so sought after."

On February 10 a new record for Richter's work was set at £30.3m ($46.3m) at Sotheby's London.

In total Christie's realised sales of £117.1m ($178.6m), slightly below the £123.5m ($188.2m) total achieved at Sotheby's on February 10.

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  • Post author
    Paul Fraser
  • (NewCyTwombly'sUntitled