10 October 2016

Christie’s Releases Frieze Week Post War And Contemporary Art Auction Results

Christie’s Auctioneers have Released their Frieze Week Post War And Contemporary Art Auction Results. The total reaching £91,092,925 / $115,611,199 / € 103,296,512  The Leslie Waddington Collection lead Frieze Week’s Selling 100% By Lot And 100% By Value 19 Artist Auction Records Set including Adrian Ghenie’s Contemporary Masterpiece Nickelodeon London. Christie’s auctions held during London’s Frieze […]

9 October 2016

Sotheby’s Frieze Week Auction Proves London Remains Centre Of Art Market

Sotheby’s Frieze Week auction peaked with two lots selling for over £10m, a record result for an October contemporary auction in London. Alex Branczik, European Head of Contemporary Art said, “It’s clear that London remains at the heart of the global art market.”  Jean-Michel Basquiat’s “Hannibal” became the most valuable work sold at auction in the capital this week, […]

9 October 2016

TEFAF Announces NY Fall Line-Up and 20th Century 2017 Spring Edition

The world’s most prestigious international art fair TEFAF pops up in New York this autumn as a joint venture between TEFAF and Artvest Partners.  Here is a “first look” at the line-up for the inaugural fair taking place at the historic Park Avenue Armory in New York City from October 22-26, 2016, with the Opening Night to be held on […]

9 October 2016

American Painter Wayne Thiebaud Studio Sale To Take Place At Christies NY

A dedicated auction of work by the American painter Wayne Thiebaud, from Prints to Works on Paper, all coming from his Private Studio will take place on September 29 in New York at Christies. The sale will include 97 lots that were chosen by Christie’s in partnership with the artist. Each work was selected for its ability […]

5 October 2016

Leslie Waddington Collection Achieves 100% Sell-Through Rate At Christie’s

The Collection of London art dealer Leslie Waddington which went under the hammer at Christie’s yesterday saw an electric start to the much-anticipated Frieze Week auctions.

4 October 2016

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Arshile Gorky Estate To Be Represented By International Gallery Hauser & Wirth

The highly regarded international art gallery Hauser & Wirth has announced it is to take on exclusive worldwide representation of the Arshile Gorky Estate.

7 September 2016

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American Painter Wayne Thiebaud Studio Sale To Take Place At Christies NY

A dedicated auction of work by the American painter Wayne Thiebaud, from Prints to Works on Paper, all coming from his Private Studio will take place on September 29 in New York at Christies. The sale will include 97 lots that were chosen by Christie’s in partnership with the artist. Each work was selected for its ability […]

3 September 2016

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TEFAF Announces NY Fall Line-Up and 20th Century 2017 Spring Edition

The world’s most prestigious international art fair TEFAF pops up in New York this autumn as a joint venture between TEFAF and Artvest Partners.  Here is a “first look” at the line-up for the inaugural fair taking place at the historic Park Avenue Armory in New York City from October 22-26, 2016, with the Opening Night to be held on […]

31 August 2016

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Modern and Contemporary Irish Art Takes Centre Stage at Sotheby’s London and Dublin

Sotheby’s launches their first Modern and contemporary Irish art sale of the season. The annual sale in London on 13 September 2016 and at the Royal Hibernian Academy in Dublin from 1-4 September, contains over 70-lots  which will be on public exhibition, prior to viewing in London.  This year’s artists include: Sir John Lavery, Jack B. Yeats, Roderic O’Conor, Sir […]

31 August 2016

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Denmark’s Chart Art Fair Reports Successful Fourth Edition

Denmark’s leading Contemporary Art fair finished on Sunday reporting the most successful edition yet. The fourth CHART ART FAIR with its ambitious presentations across the event generated strong sales and encouraged meaningful dialogue between collectors, curators, and art enthusiasts. This year more galleries participated in the fair than ever before, with 30 leading galleries in total; 28 from the […]

9 August 2016

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Sotheby’s Reports Strong Second-quarter Despite Market Turmoil

Sotheby’s has made it out of the second quarter with a profit! It reported second-quarter net income, which amounted to $88.6 million. This is up compared to the $73.1 million recorded in the same quarter last year. It is a 21 percent increase. The art market remains in turmoil with Brexit fluctuations not yet accounted for in the year-end […]

1 August 2016

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China Returns As Global Art Market Leader For Second Time

According to thierry Ehrmann, Artprice’s CEO, China has returned as the global art market leader. The comprehensive report released on Friday shows China had been expected to lose their ‘soft power’ dominance with the United States this year, but have returned to the global stage as leader, with a turnover up by more than $570 million. Another surprise […]

27 July 2016

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Christie’s Suffers A 38% Mid-Year Sales Slump Signalling Art Market Contraction

The mid-year reports from Christie’s has shown a 38% drop in sales illustrating a contraction in the buoyant art market. The Wall Street Journal released figures which pointed to an increase in sales of artworks in the $5 million-or-below range, but a slowdown in the $20 million and up categories resulting in a drop in overall sales figures, compared to […]

22 July 2016

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Strict New German Art Market Controls Ratified By Bundesrat

The German Bundesrat has brought in a new law to control the country’s growing art market. Culture minister Monika Grütters has been busy working on new policies since she took office in 2013. Last month the German parliament was pleased to announce that it has been ratified. The law requires government approval for artworks valued at more than €150,000 and more than 50 […]

13 July 2016

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London Art Week 2016 Reports A Successful Week Of Events

London Art Week wrapped up on Friday 8 July, reporting a successful close to the event. The fourth edition participants reported a significant number of visitors, including a notable number of international curators, with strong sales and reserves across a variety of collecting disciplines at price levels from around £1,000 to over £1 million.  London Art Week is one of the world’s […]

2 July 2016

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Henry Moore: £24.7m Auction Record For Important Festival Of Britain Masterpiece

Henry Moore’s ground-breaking 1951 modernist sculpture Reclining Figure: Festival (£24.7m) led Christie’s 250th anniversary auction Defining British Art on 30 June, the sale achieved  £99,479,500/$133,203,051 — which included the highest price ever achieved for a work by Moore. Described as ‘one of the great masterpieces of Moore’s œuvre’ by Cyanna Chutkow, Christie’s Deputy Chairman of Impressionist & Modern Art, the work was one […]

1 July 2016

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Banksy SWAT Van And Warhol Mao Lead Bonham’s Contemporary Sale

Bonhams as part of the Post-War and Contemporary Art season in London has achieved strong results with its sale at New Bond Street on 29 June. A spectacular Andy Warhol painting of Chairman Mao, said to be the finest version of the subject he ever executed, estimated at £580,000-780,000, sold for £1,070,500. The sale as a whole made £3,877,175. […]

30 June 2016

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London Art Market Strength At Auction Now Christie’s Defies Brexit

Christie’s Post-War and Contemporary Art Evening Auction received strong bidding in the room and on phones to achieve high sell through rates of 92% by lot and 98% by value with 50% of works selling over estimate and 30% within estimate. The top three works of the night were by American artists that sold globally with buyers […]

29 June 2016

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Sotheby’s London Contemporary Evening Sale Achieves £52,194,000 Despite Brexit Decision

Sotheby’s London evening sale has achieved £52,194,000 / $69,350,168 / €62,580,802 this was above the high estimate despite the Brexit decision which is engulfing British politics.   “It’s clear that the passion for collecting continues to override any broader concerns about the economy. The geographical spread of the artists in tonight’s sale was matched by the global mix of bidders […]

28 June 2016

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Phillips First Post-Brexit Sale of Contemporary Art in London Scrapes By

Phillips first Post-Brexit sale of Contemporary art in London was topped by Anselm Kiefer’s late painting For Velimir Khlebnikov; The doctrine of War; Battles, (2004-2010), which sold for £2.4 million ($3.28 million) to a phone bidder. Most other lots realised their lower estimate and 10 lots remained unsold. Including buyers’s premium, the sale realised £10.2 million ($13.93 million),11 sold below […]

22 June 2016

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David LaChapelle Auctions Keith Haring’s Last Great Canvas At Sotheby’s London

One of Keith Haring’s final great works is being offered by Sotheby’s, from the collection of photographer David LaChapelle, in its Contemporary Art Evening Auction, on June 28th. It’s estimated to sell for £2,000,000–3,000,000 ($2,900,000–4,340,000).  Entitled, The Last Rainforest, it  is more detailed, more complete, more studied, and more virtuosic than any other work by this artist. It is a […]

22 June 2016

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Sotheby’s Achieves New Record Price For Picasso Cubist Work Of Art

Sotheby’s evening sale of Impressionist & Modern Art in London has totalled £103,280,000 (est. £81.8 – 98.95m). Almost two thirds of the works offered in the sale had been off the market for over 30 years. Participation from 29 countries (slightly higher than June 2015 sale) Sell-through rate: 88.9%  Pablo Picasso’s Cubist masterpiece Femme Assise achieved the highest bids eventually […]

20 June 2016

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Art Basel 2016 Reports Buoyant Sales To International Private Collections And Institutions

Outstanding art from some of the world’s best art galleries leads to buoyant sales to private collections and institutions worldwide. The 47th edition of Art Basel in Basel closed on Sunday, June 19, 2016 amid reports of significant sales across all levels of the market, including many major sales by galleries exhibiting within the Unlimited sector. Attendance from international collectors and […]

15 June 2016

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Sotheby’s Modern & Post-War British Art Evening Achieves £10.6m

Sotheby’s Modern & Post-War British Art Evening and Day Sales on 13 – 14 June 2016 achieved a combined total of £10,659,875 (est. £7,268,500-10,885,500), with a sell-through rate of 75.9% and half of the lots selling for above their high estimates. Showcasing a host of fresh-to-market and exciting works by some of Britain’s most sought-after artists, the […]

8 June 2016

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Henry Moore 1951 Festival of Britain Bronze Hits Auction Block

A rare Henry Moore 1951 modernist bronze sculpture ‘Reclining Figure’ created for the Festival of Britain, will lead the sculpture section of Christie’s 250th anniversary auction, Defining British Art, in London on 30 June (estimate: £15-20 million). It will be offered alongside further large-scale major British sculptures by Dame Barbara Hepworth, Sea Form (Atlantic), 1964 (estimate: £3-5 million) and Lynn Chadwick, Back to Venice, 1988, which […]

3 June 2016

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Brian Sewell’s Art Collection To Go Under The Hammer At Christie’s

Christie’s London has announced a sale devoted to Brian Sewell: Critic & Collector. The auction will take place at Christie’s on 27 September 2016. Brian Sewell (1931-2015), the renowned and controversial art critic, award-winning journalist and author, worked at Christie’s as an auction house picture expert for almost nine years, between 1958 and 1967, having graduated in Art History […]

31 May 2016

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MacDougall’s Offers Rare Glimpse Of Palmyra In 1930s Russian Painting

The great Syrian ruins of Palmyra, recently damaged by ISIS, is depicted in its former glory, as viewed in the early 1930s by the Russian artist, Alexander Yakovlev (1887–1938), in his masterpiece, Palmyra, on sale at MacDougall’s Russian Art Auction 8 June 2016. Yakovlev shows Arab women carrying loads through the ruins of ancient Palmyra, once the most beautiful town in the […]

23 May 2016

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Elton John’s Basquiat Warhol Painting To Be Auctioned In Paris

A monumental painting by Jean-Michel Basquiat and Andy Warhol, two enfants terribles of the art world, will be offered at auction from the collection of Elton John and David Furnish in Sotheby’s Paris Evening Sale of Contemporary Art. The two artists first met in a café in 1980, when Basquiat boldly approached Warhol – his idol who was then at the peak of his glory. […]

15 May 2016

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Contemporary East: Soviet and Satellite Art Hits The Auction Block

“There are signs that the contemporary art market is so cluttered with supposedly avant-gard rubbish that the pendulum is beginning to swing back to long despised Soviet and Satellite art”. Edward Lucie- Smith Sotheby’s London has announced a sale, “Contemporary East”, on 7th June. It will include works by many post-war artists from across Central and Eastern Europe, Russia and […]

13 May 2016

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Auctionata And Paddle8 Announce Global Merger Despite Shill Bidding Accusations

Auctionata the German based online auctioneers and Paddle8 have announced that they are merging to create the largest online art, collectibles and luxury goods company in the world. This has come about despite reports of illegal shill bidding at Auctionata. See article April 6 2016. The joint company will immediately become one of the top […]

12 May 2016

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A-list Artists Prove Value At Sotheby’s £167,689,576 Contemporary Art Sale

Sotheby’s evening sale of Contemporary Art in New York has achieved a staggering $242,194,000 £167,689,576.22 The result included several record prices for artists. “Tonight we achieved exactly what we set out to do: tailor a sale to the market’s current taste. You only had to count the number of hands in the air for works as diverse […]

11 May 2016

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Jean-Michel Basquiat Sets £40m World Auction Record At Christie’s

Christies Post-War and Contemporary Art evening sale in New York has realised a total US $318,388,000 / £220,796,117 /€279,086,291. The sell-through rates of 87% by lot and 91% by value is considered a staggering result. The sale established six new world auction records for artists including Jean-Michel Basquiat, Agnes Martin, Mike Kelley, Richard Prince, Kerry James Marshall and […]