The Latest: De Kooning painting fetches record $66.3M in NYC

NEW YORK (AP) " The Latest on Christie's sale of contemporary (all times local):

7:45 p.m.

A large painting from one of Willem de Kooning's most productive periods sold for $66.3 million at Christie's auction of contemporary art in New York City.

Tuesday evening's sale of "Untitled XXV" set a new auction record for a work by the abstract expressionist artist.

When the painting was auctioned in 2006, it sold for $27.1 million, setting a record for any work of post-war and contemporary art at the time.

Another major work at the auction was a painting by the German artist Gerhard Richter now owned by British singer-songwriter Eric Clapton. Christie's says "Abstract Painting" fetched just over $20 million.

___

2 p.m.

A large painting from one of Willem de Kooning's most productive periods could be sold for as much as $40 million at Christie's auction of contemporary art.

Christie's predicts that "Untitled XXV" will set a new auction record for a work by the abstract expressionist artist at its sale Tuesday evening in New York.

When the painting was auctioned in 2006, it sold for $27.1 million, setting a record for any work of post-war and contemporary art at the time.

Another major work at Tuesday's auction is a painting by the German artist Gerhard Richter now owned by rock star Eric Clapton.

Christie's thinks "Abstract Painting" will sell for around $20 million.

This story has been automatically published from the Associated Press wire which uses US spellings

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production apcf04 at 12 Dec 2016 02:28:15 Processing Time: 444ms