2 March 2016

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Innovative Art Investment Through Crowdfunding: Shares.com Launches In London

As TEFAF Maastricht reported in 2015, the global art market generated a staggering annual sales of €51 Billion (£36b). Now Shares.com has launched an innovative platform to present a fresh way to invest in Fine Art, Antiques and Collectables, through crowdfunding. It is the latest brainchild of Business Development Director, Ibrahim Sal who co-founded the platform as an alternative to auction […]

11 February 2016

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Lucian Freud Leads Sotheby’s London Contemporary Art Evening Auction February 2016

Sotheby’s has reported buoyant sales at their latest Contemporary Art Evening Auction in London. Highlights included, Lucian Freud’s Pregnant Girl sold for £16,053,000 / $23,214,243, far exceeding the pre-sale estimate of £7-10m. Pursued by no fewer than six bidders, the starkly intimate depicts the artist’s 17-year-old lover, Bernadine Coverley, asleep and pregnant with their child Bella.  Coverley was just sixteen when she […]

6 February 2016

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Singapore Art week: Beyond The Art Fair Lies An International Contender

I left Singapore after a busy art week feeling optimistic in the development of the city-state as the Art hub for South East Asia. Undoubtedly, it is not the new Art Eldorado that some expected a few years ago: collectors remain sparse and Western artists, except for the well-known “blue chip” ones, still have a long […]

4 February 2016

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Sotheby’s And Christie’s Impressionist And Modern Results Winter 2016 Sustains Growth

Sotheby’s and Christie’s have both held their winter Impressionist and Modern sales this week reaffirming that the art market is still buoyant. Yesterday’s sale at Sotheby’s was topped by Pablo Picasso’s Tête de femme, a 1935 portrait of his greatest muse Marie-Thérèse Walter that sold for £18.9 million / $27.1 million.  Helena Newman, Global Co-Head of Sotheby’s Impressionist […]

4 February 2016

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TEFAF Maastricht Moves In On The New York Art Market

TEFAF fairs, considered to be the leading art and antiques fairs in the world, will launch an unprecedented showcase in New York for high end art dealers from around the world. New York is already a saturated market with the tried and tested Armory Week along with newcomers the Frieze Art Fair.  Presented annually in […]

2 February 2016

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Art Basel’s 47th Edition Announces Gallery And Events Line Up

Art Basel has announced its gallery list for the 47th edition of the show in Basel, Switzerland, taking place from June 16 to June 19, 2016. This year, 287 leading international galleries will present works ranging from the early 20th century to the most contemporary artists of today. The Basel show, whose Lead Partner is […]

27 January 2016

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Christie’s Auction House Reports 5% Fall In Annual Sales

Christie’s International has reported a five percent fall in their annual sales with prospects of economic uncertainty slowing down demand in the emerging markets such as China and India. After five years of sustained growth, the worlds leading auction house has recorded sales of £4.8 billion ($7.4 billion, 6.8 billion euros) in 2015, down from £5.1 billion in […]

22 January 2016

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Sotheby’s February 2016 Impressionist, Modern & Surrealist Art Evening Sale Unveiled

Sotheby’s London has announced their latest Impressionist, Modern & Surrealist Art Evening Sales to be held on 3rd February. Works by the most commercially sought-after artists including Claude Monet, Henri Matisse, Edgar Degas, Pablo Picasso, Auguste Rodin, Paul Delvaux and René Magritte, to name but a few, the 54 lots in the evening sales are estimated to fetch a combined […]

19 January 2016

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Lucian Freud’s Defining Portrait Of A Pregnant Girl Auctioned

Sotheby’s London will be offering a painting that not only marks a pivotal moment in the career of Lucian Freud, but that also shines a spotlight on a fascinating but little-known moment in the artist’s life. While much has been written about many of Freud’s amorous liaisons, barely anything is known about his intense, and ultimately transformative, relationship with Bernadine Coverley. The […]

17 January 2016

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Gerhard Richter’s Monumental Abstraktes Bild 725-4 Goes Under The Hammer

Gerhard Richter’s Abstrakte Bild a painting remaining in private hands from 1990 and previously held in the private collection of the artist, will lead Sotheby’s London Contemporary Art Evening auction on 10 February. Painted in 1990, Abstraktes Bild (725-4) was hidden away from the public eye, until 1996 when it was unveiled at an exhibition of his personal paintings at the Carre d’Art in […]

16 January 2016

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Lucian Freud Daughter Portraits Reunited In Christie’s Contemporary Sale

Two Portraits by the English artist Lucian Freud’s depicting his daughters will be united in Christie’s Post-War and Contemporary Art Evening Auction on Thursday 11 February in London, King Street. Head of Esther (1982-83, estimate: £2,500,000 – 3,500,000) and Head of Ib (1983-84, estimate: £2,500,000 – 3,500,000) contribute to the strong core of British artists offered at auction this February, alongside […]

12 January 2016

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Pablo Picasso’s Granddaughter Marina Sells Off The Family Jewels

An extraordinary group of Pablo Picasso’s multi-faceted œuvre from the collection of the artist’s Granddaughter, Marina Picasso will go under the hammer in early February. It will offer an intimate glimpse into Picasso’s private world. The scope of the selection presented  is truly remarkable, spanning every decade of the artist’s career and covering an eclectic variety of subjects and media. Picasso’s command over […]

12 January 2016

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Sotheby’s Acquires Art Advisory Company Managed By Amy Cappellazzo

After only a matter of months, Sotheby’s has announced that it has acquired, for around £50m dollars, the art advisory firm Art Agency, Partners (AAP), managed by former head of Contemporary Art at Christies, Amy Cappellazzo and Allan Schwartzman, and Adam Chinn. With this acquisition, Sotheby’s, takes a decisive step toward implementing the strategy outlined by President and Chief […]

26 December 2015

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Basquiat Masterpiece Sold At Christie’s For £25m Remains Uncollected By Buyer

The sale of a £25m/$37.1 m painting by Jean-Michel Basquiat at Christie’s, New York, on 13 May this year has led to a commercial statement to be filed in New York. The Field Next to the Other Road created in (1981), was consigned by the dealer Tony Shafrazi to Christie’s auctioneers for their Post-War and Contemporary evening sale The winning bidder […]

16 December 2015

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Vasudeo S Gaitonde Shatters Contemporary Indian Art Auction Record

Christie’s has recorded the highest total sales figures for an auction in India. Their third sale totalled INR 97,69,90,000 / $14.7million,  well above the pre-sale high estimate of INR 75,06,30,000 becoming the highest total for any auction held in India. 95% of the lots sold, in line with the results of the previous annual auctions. Strong bidding […]

9 December 2015

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Pulse Cements Position As A Leading Art Basel Miami Satellite Fair

Pulse one of the leading satellite fairs which takes place each year during Art Basel Miami Beach week closed its eleventh edition with a marathon of sales, consistent crowds and engaging programming. This has been an exciting Miami Art Week and the PULSE Contemporary Art Fair cemented its position as a “must-see” event on the jam-packed art calendar. Closing […]

7 December 2015

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Art Basel Miami Sales Report 2015 The Winners And The Losers

It has been another fabulous year for Art Basel Miami Beach with strong sales and a record number of visitors to the Miami Convention Centre event, as well as Untitled, Art Miami, NADA and Pulse.  The fairs which opened early in the week saw the opening party held outside the Bass Museum despite some rather unusual turns of […]

18 November 2015

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Christie’s Reports $1 Billion Week With 14 World Auction Records Achieved

Christieʼs last week achieved over a billion dollars in sales from a single week of auctions. This followed the success of  their May sale season. Major records were set as collectors from nearly 50 countries bid for rare works by Amedeo Modigliani, Roy Lichtenstein and Lucio Fontana, setting new auction record prices for these 20th century masters. Distinguished provenances continue […]

14 November 2015

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Henry Moore: Unknown Drawing Offered At Bonhams Modern British Art Sale

In 1952, the world famous artist Henry Moore was invited to provide a design as part of a Christmas fundraising project for a new charity. The artist’s contribution, Madonna and Child, was used on mail labels during the festive period to raise awareness for the National Fund for Research into Poliomyelitis & Other Crippling Diseases […]

12 November 2015

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Cy Twombly Blackboard Canvas Achieves Record Breaking Price At Sotheby’s

A canvas by the American Abstractionist Cy Twombly has set a $70.5 million auction record for the artist. The “blackboard” painting, Untitled (New York City), 1968, was the highpoint of the Contemporary evening sale at Sotheby’s, which also saw records smashed for artists such as Mike Kelley. The sale total totalled  $254–$313.7 million with 44 of 54 works, 82%, finding buyers.  The sales […]

10 November 2015

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Amedeo Modigliani Becomes The Second Most Expensive Artist At Auction

Christie’s has achieved several record prices for artists at their auction in New York last night. The highest prices were for  Amedeo Modigliani and Roy Lichtenstein, with the hammer falling at $170.4 million and $95.37 million. Modigliani’s “Nu Couche” created in 1917-18 was the star lot on the evening. It was the first time the painting has ever been […]

8 November 2015

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Picasso Blue Period Painting Achieves Record Price At Sotheby’s

A record price has been achieved for a blue period Picasso at Sotheby’s in New York. La Gommeuse, painted in Paris in 1901, sold for $67.5m (£45m) at Sotheby’s, as the highlight of their Impressionist & Modern  sale. The painting which depicts a cabaret artist, had a second painting on the reverse of the canvas showing an erotic image […]

5 November 2015

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Alfred Taubman Collection Scrapes Over The Low Estimate At Sotheby’s

Sotheby’s New York started off the Autumn auction season yesterday in style by selling $377 of art once owned by billionaire and former Sotheby’s owner Alfred Taubman  There were eye watering bids from the usual suspects in America, Asia and Europe. The 77 lots included bluechip works by Picasso, Degas, Monet and Modigliani. The Taubman collection was […]

18 October 2015

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The New Raj: The Rise Of Indian Artists And Their Collectors

As an art adviser and avid collector, I keep my ears perked for rumblings of what’s trending and ‘what’s new’ in the market. With that in mind, I attended a panel discussion last week in NY at Christies on the subject of Contemporary Indian Art. The event was co sponsored by Barron’s Penta magazine editor Richard […]

16 October 2015

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Phillips Frieze London 2015 Auctions Total £37.9 million

The ‘Frieze Week’ auctions at Phillips totalled £38,522,675 / $58,694,880 / €51,305,365 selling 99% by value and 86% by lot. “We are very pleased with tonight’s results,” said Peter Sumner, Head of the Contemporary Art, London of the Contemporary Art Evening Sale. “We sold 100% of our lots to a broad array of buyers. The […]

12 October 2015

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Sigmar Polke Estate To Be Represented By New York Gallerist David Zwirner

David Zwirner has announced the gallery’s exclusive worldwide representation of The Estate of Sigmar Polke. Sigmar Polke (German, 1941-2010) is considered to be one of the most significant and influential artists of the postwar era. His work was recently the subject of a critically acclaimed traveling retrospective that was held in 2014-2015 at The Museum of Modern […]

12 October 2015

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Picasso’s Blue Period Angel Backed With Erotica Goes Under The Hammer

An excellent example of Picasso’s Blue Period work will be offered in Sotheby’s New York Impressionist and Modern Evening Sale on 5th November. La Gommeuse, painted in 1901 is thought to carry an estimate of around £60m. The work comes from the exceptional collection of William I. Koch, an American entrepreneur, collector and America’s Cup winner.  Picasso […]

8 October 2015

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Christie’s Post War And Contemporary Evening Auction Includes Frieze Week Favourites

This October 2015, Christie’s will bring together an international selection of over 300 artists to headline the Frieze Week auctions of Post-War and Contemporary Art. A strong line up of some of the most exciting painters working today will form a core of the Post War and Contemporary Art Evening Auction. Led by Peter Doig’s […]

27 September 2015

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Constable’s Masterpiece The Lock To Be Offered At Sotheby’s

On 9th December this year, Sotheby’s London will offer for sale John Constable’s The Lock – one of the small group of monumental landscapes, known as the ‘Six Footers’, which for many define the pinnacle of the artist’s career. Depicting a bucolic scene on the River Stour in the artist’s native Suffolk, and painted in […]

25 September 2015

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Edvard Munch To lead Sotheby’s Prints & Multiples Auction In London

The motif of Edvard Munch’s The Girls on the Bridge has been widely recognised as one of the artist’s most celebrated, from its first unveiling in 1901. As was often the case with his successful works that he did not like to part from, Munch went on to produce several versions of The Girls on […]

25 September 2015

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Fontana Masterpiece To lead London’s Frieze Week Sales

Sotheby’s Frieze week sales in London will be led by one of the greatest works of post-war Italian art ever to appear at auction: Lucio Fontana’s Concetto Spaziale, La Fine di Dio (The End of God), 1963. Never previously offered at auction and last exhibited over 30 years ago, Fontana’s masterpiece is estimated at a […]

20 September 2015

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Banksy’s ‘Donkey Documents’ Has First Public UK Display

The owner of the original building was bemused when people crowded round his wall. But art aficionados had spotted Banksy’s signature alert on his website of his latest work, ’Donkey Documents’. Banksy created it in 2007 with an aerosol can, as part of a series of works of art along the concrete barrier separating the […]