SOTHEBY S MAY CONTEMPORARY ART EVENING SALE TOTALS $364 MILLION AND IS 85% SOLD

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Press Release New York For Immediate Release New York +1 212 606 7176 Lauren Gioia Lauren.Gioia@Sothebys.

com SOTHEBY S MAY CONTEMPORARY ART EVENING SALE TOTALS $364 MILLION AND IS 85% SOLD Nine Artist Records

1 Press Release New York For Immediate Release New York Lauren Gioia Dan Abernethy SOTHEBY S MAY CONTEMPORARY ART EVENING SALE TOTALS $364 MILLION AND IS 85% SOLD Nine Artist Records Set Initial Offering From The Sender Collection 100% Sold, Exceeding High Estimate Jeff Koons Popeye Purchased by Steve Wynn for $28.2 million, Will Go On View At Wynn Las Vegas

2 Alexander Rotter, Co-Head of Sotheby s Worldwide Contemporary Art Department, commented: Tonight, the Contemporary market continued its solid ascent with one of Sotheby s biggest ever sales. Global participation was evident throughout the process and helped to drive our sell-through rate of 85%. We began tonight with 19 lots from The Sender Collection, which brought a fantastic total well above the high estimate and with every lot finding a buyer. These are the artists of our generation and it was thrilling to see new benchmarks set time and again. I was also delighted that Steve Wynn was the successful purchaser of Koons Popeye and that the work will be going on view at his casino in Las Vegas. CONTEMPORARY ART EVENING SALE SALE TOTAL: $364,379,000 85% Sold by lot Sale Estimate $336,650, ,000,000 Tonight s auction saw a sell through rate of 85%, marking the 12th consecutive Evening Sale of Contemporary Art at Sotheby s New York with a sell-through rate of over 80%. o 51% of sold works brought above their high estimates. Global participation evident throughout the sale process: o Works consigned from 13 countries on five continents sought after by participants from 37 countries including 33% from outside the US, and with significant participation from Latin America and Asia. Tonight s offering of 19 works from The Sender Collection was 100% sold, totaling $44,591,000 (est. $21.2/30 million): o Six artist records were set with 84% of the lots bringing prices above the high estimate o Led by the Untitled Martin Kippenberger which sold for $5,541,000 (est. $3/4 million). o Other highlights include Rosemarie Trockel s Untitled textile which sold for $4,981,000 to set a new record for the artist (est. $1.5/2m); Untitled (September 14, 19) by Keith Haring which fetched $4,869,000, also an artist record; and Urs Fischer s What if the Phone Rings that brought 3,525,000 ($1.2/1.8 million). o The Sender Collection is a pioneering assemblage of Contemporary Art which will be sold over the next 18 months with 83 lots offered tomorrow in the Day Sale. Artist Records: o Overall nine artist records set for Rosemarie Trockel, Dan Flavin, Adam McEwen, Matthew Barney, Sarah Lucas, Keith Haring (two prices above previous record), James Rosenquist, Wade Guyton, and Julian Schnabel. o Five medium records for Glenn Ligon, Mark Grotjahn, Richard Serra, Dan Colen and Mike Kelley, please see below for full details. The sale was led by Andy Warhol s Six Self-Portraits which sold for $30,125,000 (est. $25/35m) o The group of self-portraits had been in the same private collection since they were acquired from the landmark show at the Anthony d'offay gallery in July

3 o Other Warhol highlights include Big Electric Chair which sold for $20,437,000 and 12 Mona Lisas (Reversal Series) which fetched $11,365,000. The cover lot, Popeye by Jeff Koons sold for $28,165,000 (est. in excess of $25 million) o The first sculpture of Popeye by the artist to appear at auction. o A new benchmark for late sculpture by the artist. o Purchased by Steve Wynn was and will be going on view at his casino in Las Vegas. # # # Sotheby s New York Contemporary Art Evening Auction 14 May 2014 Lot 2 Glenn Ligon The Period neon Est. $300/400,000 Sold for $629,000 **RECORD FOR A NEON BY THE ARTIST AT AUCTION** Lot 4 ROSEMARIE TROCKEL UNTITLED Est. $1.5/2 million Sold for $4,981,000 Lot 11 DAN FLAVIN ALTERNATE DIAGONALS OF MARCH 2, 1964 (TO DON JUDD) Est. $1.5/2 million Sold for $3,077,000 Lot 13 Mike Kelley AH...YOUTH Est. $700/900,000 Sold for $1,925,000 **RECORD FOR A PHOTO INSTALLATION BY THE ARTIST AT AUCTION** Lot 14 3

4 Adam McEwen Oasis Water Fountain Est. $150/200,000 Sold for $437,000 Lot 16 Matthew Barney Drawing Restraint 8: Condition 2003 Est. $300/400,000 Sold for $1,205,000 Lot 17 Sarah Lucas Ace in the Hole Est. $600/800,000 Sold for $905,000 Lot 19 KEITH HARING UNTITLED (SEPTEMBER 14, 1986) Est. $2/3 million Sold for $4,869,000 Lot 51 JAMES ROSENQUIST BE BEAUTIFUL Est. $3/4 million Sold for $3,301,000 Lot 58 Richard Serra Alameda Street Est. $400/600,000 Sold for $701,000 **RECORD FOR A WORK ON PAPER BY THE ARTIST AT AUCTION** Lot 63 Dan Colen UNTITLED (VETE AL DIABLO) Est. $600/800,000 Sold for $965,000 **RECORD FOR A SCULPTURE BY THE ARTIST AT AUCTION** Lot 64 WADE GUYTON UNTITLED Est. $3.5/4.5 Sold for $5,989,000 4

5 Lot 67 Property from a Distinguished Private Collection, Europe Mark Grotjahn Untitled (Red Orange Brown Black Butterfly 560) Est. $800,000/1.2 million Sold for $1,325,000 **RECORD FOR A WORK ON PAPER BY THE ARTIST AT AUCTION** Lot 72 Julian Schnabel 800 Blows Est. $1/1.5 million Sold for $1,205,000 FOR MORE NEWS FROM SOTHEBY S Visit: Follow: Join: & Watch: Sotheby s has been uniting collectors with world-class works of art since Sotheby s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby s presents auctions in nine different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby s BidNow program allows visitors to view all auctions live online and place bids in real-time from anywhere in the world. Sotheby s offers collectors the resources of Sotheby s Financial Services, the world s only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S 2, the gallery arm of Sotheby s Contemporary Art department, as well as Sotheby s Diamonds and Sotheby s Wine. Sotheby s has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID). ***Estimates do not include buyer s premium and prices achieved include the hammer price plus buyer s premium. Images are available upon request All catalogues are available online at or through Sotheby s Catalogue ipad App. 5

Landmark Offering of Harry Bertoia Works Opens at Sotheby s New York

Landmark Offering of Harry Bertoia Works Opens at Sotheby s New York New York +1 212 606 7176 Lauren Gioia Lauren.Gioia@Sothebys.com Darrell Rocha Darrell.Rocha@Sothebys.com Landmark Offering of Works Opens at Sotheby s New York FEATURING MASTERWORKS FROM THE COLLECTION