|Andy Warhol with one of his series of screenprinted paintings of American singer Elvis Presley|
The auction house had assembled 80 works total, 22 of them expected to sell for more than $10 million and nine poised to bring more than $20 million each. "It's our highest total ever," worldwide chairman of postwar and contemporary art Brett Gorvy told the New York Times. "We saw a lot of new bidders tonight from the Middle East and Asia, but the biggest and most powerful buyers were still from America."
In addition to Michael Ovitz, other art aficionados included J. Tomilson Hill, Stefan Edlis and Andrew Saul.
Both "Triple Elvis (Ferus Type)" and "Four Marlons" were put up for action by German casino company WestSpiel. The works had been displayed in Casino Aachen since the late 1970s, and were purchased by unidentified telephone bidders.
An avid art collector, Michael Ovitz commissioned Michael Maltzan Architecture in 2000 to build a new residence for his family and to be able to display his art collection. The house was completed in 2010 and now acts at a permanent home for works from modern and contemporary painting and sculpture, to Ming Dynasty furniture and African antiquities. The house features three dedicated galleries, one of which is a rotating project space where commissioned artists create site-specific installations on an annual basis, thereby allowing the collection to expand while also establishing new and lasting relationships with contemporary artists.
Read the entire New York Times article, A Warhol Leads a Night of Soaring Prices at Christie’s