Chinati Auction Raises Approximately $1.5M

The benefit auction, Artists For Chinati, which was held on March 13, 2006 raised over $1,500,000.00 for the non-profit art organization founded by the late Donald Judd. The Chinati Foundation must be pleased with the results since over 70% of the lots (including all the big ticket items) sold for more than the pre-auction estimate. The auction was held in New York at Philips de Pury and Company. The house earned over $300,000.00 or just under 20% which was garnered from the buyer's premiums.

The top seller was John Chamberlain's Wanda Wedgie which was bid to $374,400 (sale figures include the buyer's premium.) All of the Judds did well, especially a Library Desk from 1988 which sold for $216,000. Other notable results include Ken Price's Big Boss Jackson, estimated from $30k - $40k which brought a hefty $126,000, and Jack Pierson's The Sky at $120,000.

This auction is one component in an effort by Chinati to match a $5 million challenge grant issued by Lannan Foundation and the Leonard Riggio family for the museum’s Endowment Fund.

See the lots here, and full results here.
See my previous posts about the auction here and here.
note: images are from another Philips de Pury event.