NEW YORK.- Christies
first open Post-War and Contemporary Art sale achieves positive results. Alexandre Carel, Head of First Open said, The positive results achieved for the first mid-season sale of the season are a reflection of the right amount of lots offered and correct estimates. The 149 lots presented achieved over $3 million and a healthy sold rate of 86%, with many works selling well above their pre-sale estimates. In addition to the top three lots, works on paper by Alexander Calder performed extremely well and surpassed their high estimates, a Self Portrait drawing by Louise Bourgeois sold for $52,500 (est.$15,000-20,000), and an exquisite rendering of Meyer Shapiro by Alice Neel fetched $92,500 (est. $80,000-120,000). Maurizio Cattelans photograph Not Afraid of Love and a box by Joseph Cornell, Hotel du Nord (Grand Hotel de lUnivers, Hotel de la Poste), sold within their estimates at $47,500 and 86,500 respectively.