Christie’s had organized a Post-War and Contemporary Art Evening Sale recently that made total returns of £39,149,500 / $61,073,220, selling 90% by lot and 96% by value. The sale realized a value that exceeded the higher tab of the presale estimate target, which indicates that the sale was a success. Out of all the works of art, the top price was paid for “Relief éponge” or (RE47II) by Yves Klein (1928-1962), which sold for £5,865,250 ($9,149,790). The piece sold was the length of only two gold sponge reliefs ever created by Yves Klein. The “Relief éponge” captures Klein’s art’s essence with the marriage of two of his greatest series, Monogolds and Relief Eponges.
The piece has been in the vendor’s collection since Circa 1980 but offered at the auction for the first time. A total of 9 works of art were sold at the auction for about £1 million ($1.16 million), and the buyers were from the UK, Europe, America, and Asia.