Battle until last shots for May auctions. Sotheby’s just unveil a thrilling latest addition to its Contemporary Art Evening Auction, the wonderful David Hockney’s Pacific Coast Highway and Santa Monica. The work have been exhibited in all major institution all around the world over last years, featured in critically-acclaimed retrospectives at the Tate Britain, London, the Centre Pompidou, Paris and The Metropolitan Museum of Art, New York, this large-scale oil painting is a landmark of Hockey’s career. Carrying a pre-sale estimate of $20/30 million, Pacific Coast Highway and Santa Monica It is expected to nearly double the artist’s previous auction record of $11.7 million with fees, set for a 2006 painting of a wooded landscape by Sotheby’s itself in New York in November 2016 for Woldgate Woods
David Galperin, Head of Sotheby’s Contemporary Art Evening Auction in New York, commented on it: “Following its tour in the sensational museum retrospective last year, we are honored to bring this exuberant monumental landscape to market for the first time publicly this May. David Hockney’s ‘Pacific Coast Highway and Santa Monica’ is a true triumph of his singular vision: a panoramic and kaleidoscopic paean to his adopted hometown. We eagerly anticipate setting a new bar for the artist at auction on the 16th with one of the most well-known paintings of his beloved California.”
Part of the limited group of monumental California landscape paintings, Pacific Coast Highway and Santa Monica is a significant marker of David Hockney’s sixty-year career. The ambitious painting, dazzling with hues of chartreuse, tangerine, rose, lavender and cerulean across its 10-foot wide canvas, epitomizes the artist’s bold use of color – a characteristic that has come to define his oeuvre. Comparable works hold court in renowned institutions such as the Los Angeles Museum of Contemporary Art, Museum Ludwig, Cologne, and the Walker Art Center, Minneapolis. However, this 1990 oil on canvas is also an acknowledgement of the importance and significance of traditional painting: At a time when artists across the board were turning away from painting and towards photography and conceptual art, Pacific Coast Highway and Santa Monica addresses the history and impact of artistic styles such as Post-Impressionism and Fauvism, all executed in Hockney’s signature vernacular.
Major works by Hockney from his most desirable bodies of work, such as the double portraits or pool pictures, rarely come up for auction, though there has been a modest uptick in supply for other series in recent years. Hockney’s total auction sales hit $43.3 million last year, up from $35 million in 2016, according to the artnet Price Database. (As of March 31, his work has fetched $9.1 million so far this year.)
Source: Art Market Monitor