For Immediate Release

June 28, 2012 Contact:

Rebecca Riegelhaupt

rriegelhaupt@christies.com

tel +1 212 636 2680

CHRISTIES TO OFFER CONTEMPORARY ART AT ATTRACTIVE PRICE POINTS IN NEWLY RE-LAUNCHED OPEN HOUSE SALE

Jules Olitski, Javan ou Yavan-2, acrylic on canvas, 1980. Estimate: $20,000 - 30,000

New York Christies Interiors Department is delighted to present the newly re-launched Open House Sale, which will take place on July 16. The sale encompasses 173 lots from world renowned artists including Ruth Asawa, Sol LeWitt, Louise Lawler, Victor Vasarely, Andy Warhol, Gerhard Richter, John Baldessari, Jules Olitski and Cindy Sherman. Estimates start at $1,000, and with many of the works coming from distinguished institutions including the Museum of Modern Art in New York and the Museum of Contemporary Art in Chicago, this sale presents a rare opportunity for collectors to obtain well-priced works of distinguished provenance. The Open House Sale is expected to realize in excess of $1.5 million, and will complement the July 17 Interiors sale, which incorporates an additional selection of over 200 works of contemporary works of art. Leading the sale, is Ruth Asawas Untitled, (S.073 Hanging Single Sphere, Five Layer Continuous Form within a Form), 1962 (estimate: $100,000-150,000) pictured right, which was Ruth Asawa, Untitled, (S.073 Hanging Single Sphere, Five Layer Continuous included in the artists 1973 traveling retrospective that was Form within a Form), hanging sculpture-oxidized copper wire, 1962 exhibited at institutions including the San Francisco Estimate: $100,000-150,000 Museum of Modern Art. Methodically woven by hand, Untitled exists essentially as a drawing in space, an intertwining network of copper wire producing an enigmatic form that is equally surprising and awe inspiring. The sale will also represent select works from the Estate of David Pincus, including Jonathan Borofskys widely exhibited I Dreamed that a Man in a Tower was being Shot at (2,307,327) (estimate $8,000-12,000) and a selection of works by Andreas Serrano. The Pincus Collection was introduced to the auction market at Christies New York this past May, when a portion of its works realized a total of $180 million, setting the world auction record for the most valuable collection of PostWar & Contemporary Art ever sold.

Louise Lawler, Auction II, Cibachrome print, Executed in 1990 Estimate: $20,000-30,000

Additional Highlights Include:

Sol LeWitt, Squiggly Brush Strokes, gouache on paper, 1996 Estimate: $8,000-12,000

Donald Sultan, Anemones in a Black Vase, May 19, 1988, tar, chalk, spackle, and oil on tile mounted on Masonite, 1988 $30,000-40,000

Robert Longo, White Cross with Black Edges, oil on printed newspaper $10,000-15,000

Cindy Sherman, Untitled, gelatin silver print, 1975-1997 $3,000 - 5,000

Victor Vasarely, TA-MA, acrylic on canvas, 1977 $30,000 - 50,000

Louise Nevelson, Expanding Reflections V painted wood collage in silkscreened Plexiglas in Plexiglas box, Executed in 1966. Estimate: $10,000 - 15,000

Andy Warhol, Jacqueline Kennedy I, silkscreen ink on paper, 1966 $6,000 - 8,000

Julian Opie, Lonely, painted steel, 1984 $10,000 - 15,000

Gregory Crewdson, Untitled, concentric circles, from Hover, gelatin silver print, 1997 $2,000 - 3,000

Auction: July 17, 2012 Viewing: July 13-16

About Christies Christies, the world's leading art business, had global auction and private sales in 2011 that totaled 3.6 billion/$5.7 billion. Christies is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's has since conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. Christies offers over 450 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War and Contemporary, Impressionist and Modern, Old Masters and Jewellery. Private sales totaled 502 million / $808.6m in 2011, an increase of 44% on the previous year. Christies has a global presence with 53 offices in 32 countries and 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zrich, and Hong Kong. More recently, Christies has led the market with expanded initiatives in growth markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai. *Estimates do not include buyers premium. Sales totals are hammer price plus buyers premium and do not reflect costs, financing fees or application of buyers or sellers credits.

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