Wednesday, May 12, 2010

Hunger Reality

The Cavaliers got off to a good start, running out to a 29-21 lead early in the second quarter. But that would be as good as it would get for the Wine and Gold. Boston’s Big Three got warmed up and ran off 16 straight points, neutralizing a raucous Quicken Loans Arena. A three-point play by Zydrunas Ilgauskas before intermission got Cleveland to within six at half.

Fueled by 31 choice works from the estate of literary giant Michael Crichton, which earned $93.2 million, Christie’s post-war and contemporary art evening sale last night posted a whopping $231,907,000 total, easily surpassing the high-end of its $207.4 million pre-sale estimate.

Everything was happening too quickly. Kevin Garnett was abusing Antawn Jamison in the paint. Ray Allen was running the baseline like a medal was at stake. Paul Pierce was trying his best to get himself involved offensively. And this was all in the first quarter.

Bidding on Flag opened at seven million dollars and quickly escalated at $500,000 increments, with three competitors eventually competing for the prize. Making sure that the three competitors knew where they stood as the bidding climbed, auctioneer Christopher Burge boomed from the podium, “Not yours, not yours, his,” before hammering down the record sale, the highest price ever paid for a work by Johns at auction.

But Ray Allen started the second half with two straight three-pointers to extend Boston’s lead to a dozen, 56-44. The Cavaliers would get no closer the rest of the evening – getting to within 20 points of the Celtics just once in the final period.

Of the 79 works up for sale, only 5 failed to sell.

“There was little that we did right throughout the course of the game,” said Coach Brown. “We can’t dismiss this game, we’ve got to look at it and see what we can do better in the next game. But, we have to get ready for Game 6.

After the sale, Brett Gorvy, a co-head of Christie’s postwar and contemporary art department, summed up the evening: “There were not simply the old guard but a lot of new bidders, too.”

“People are feeling good,” billionaire collector Eli Broad said, pointing out that gold reached a record $1,234.50 an ounce in New York yesterday. “People don’t want to hold currencies.”

“One of the things I told our guys,’’ [Boston coach Doc] Rivers said, “is we’ve done nothing. We’ve won three games and you have to win four. We have a home game and that’s it for us in this series. It’s a very important home game.’

Gabriele, Joe : "Final Dime: Celtics 120, Cavaliers 88"
Tully, Judd : "Johns' Flag and Warhol's Liz Taylor Lead a Night of Records at Christie's"
Vogel, Carol : At Christie’s, a $28.6 Million Bid Sets a Record for Johns,
Benbow, Julian : "Ohio players: Celtics do number on Cavaliers in Game 5 blowout",

Labels: art auctions


Blogger Mark said...

Ha! Great multitasking coverage.

5/12/2010 08:49:00 AM  
Anonymous Gam said...

meatloaf in the morning! Great!

5/12/2010 10:16:00 AM  
Blogger Iris said...

A second HA!


long live Art!

5/12/2010 10:27:00 AM  
Blogger HMNA said...

you don't have to post this, but your a closet Clevelander aren't you Ed : )

I saw your comment they other day about the Indians too....nobody likes those teams without some sort of proximity, its just plan masochistic otherwise. haha

5/12/2010 10:33:00 AM  
Blogger Joanne Mattera said...

Excellent report, Edward.

And of course it drives home the fact that the average community-lot hoopster (or even college star athlete) is to an NBA career as the average studio artist is to seeing their work at auction.

But as artists and dealers, let's hope for a dribble down, er, trickle down, now that the Dow has righted itself from that event last week and continues up past 11,000. (Talk about points in a game.)

5/12/2010 10:38:00 AM  
Blogger Edward_ said...

all I'm saying is Go Tribe and see you in the Dawg Pound :-)

its just plan masochistic otherwise

never known much else in my sports support...until the Cavs came on so strong, but... :-(

5/12/2010 10:43:00 AM  
Blogger joy said...

Ha! Ed, I just bought Reality Hunger but haven't cracked it open yet - this is hysterical.

5/12/2010 10:43:00 AM  
Blogger HMNA said...

oofa, typos galore "you're", "the". It was early.

Ed, I think I have self esteem issues because of liking Cleveland teams.

5/12/2010 12:01:00 PM  
Blogger Edward_ said...

Ed, I think I have self esteem issues because of liking Cleveland teams.

:-) Indeed!!!! But imagine our joy the day one of our teams FINALLY wins a championship....

5/12/2010 12:07:00 PM  
Blogger Stefano Pasquini said...

I think any gallerist must have quite a strong masochistic side, don't you?

5/12/2010 05:00:00 PM  

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