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 […]

10 May 2016

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Auguste Rodin Marble Sells For £14m In Otherwise Disappointing Sotheby’s Sale

A marble statue by the French sculptor Auguste Rodin has sold at Sotheby’s, New York for a record $20.4m (£14m). The Impressionist and Modern art sale had mixed results with only a 60% sell through rate, seeing winners like Claude Monet’s wife ‘Camille’ sold for $49.4m (£34m) and dismal results for Picasso where out of eight lots on […]

9 May 2016

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Maurizio Cattelan Kneeling Hitler Sculpture Breaks Auction Record At Christie’s

Maurizio Cattelan’s statue of Hitler on his knees has broken auction records for a work by the artist. It was auctioned at Christie’s New York on Sunday for $17.2 million. The wax and resin statue entitled simply “Him” had been estimated to realise between $10 million and $15 million at the auction. The previous record for […]

8 May 2016

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Car Boot Sale Painting Sells For £92k At Rosebery’s London

London Auctioneers, Rosebery’s enjoyed a classic rags to riches story during their specialist Islamic & Indian Arts auction on Friday 15 April when a large Indian miniature painting original bought at a car boot sale for £40 exceeded all expectations to sell for a final price of £92,250 ($133,500)  “It wasn’t signed, but we believe it’s by Baba […]

7 May 2016

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Frieze Week NY: Eleven Satellite Fairs To Get Excited About This Weekend

1) NADA: Its fifth Edition welcomes 105 exhibitors from 44 cities in 18 countries. Organized the New Art Dealers Alliance nonprofit, the fair also features pop-up cafes from Mile End, Tacombi, and Doughnut Plant. May 5–8, 2016 Thursday, 12:00 p.m.–4:00 p.m. private preview and 4:00 p.m.–8:00 p.m.; Friday and Saturday, 11:00 a.m.–7:00 p.m.; Sunday, 12:00 p.m.–5:00 p.m. $20 general admission, […]

7 May 2016

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Marcel Duchamp National Treasure Goes Under The Hammer In Paris

The Impressionist and Modern art sale at Artcurial in Paris is offering the seminal oil painting on panel, Nu sur nu by Marcel Duchamp. The painting carries an estimate of £400,000-£550,000 (500 000 – 700 000 € / $555 000 – 775 000 ). The work, offered by N.G.O. Médecins sans frontières in order to finance humanitarian aid, was previously […]

6 May 2016

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L.S. Lowry Paintings Owned By Cilla Black To Be Auctioned At Sotheby’s

Sotheby’s will present at auction three outstanding works by L.S. Lowry,this June. One of Britain’s best-loved artists, from the collection of another national treasure, the late Cilla Black. The three paintings, which have a total estimate of £520,000-830,000, will be offered in Sotheby’s evening sale of Modern & Post-War British Art on 13 June 2016. One […]

3 May 2016

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Seminal Barbara Hepworth Sculptures To Be Offered At Sotheby’s

Two seminal Barbara Hepworth sculptures are to be offered in Sotheby’s forthcoming Modern & Post-War British Art Evening Auction on 13 June in London. The works have never been previously been offered at auction and rarely exhibited. Quiet Form and Forms in Movement (Galliard) are being sold on behalf of Wakefield Girls’ High School, where Hepworth was educated, in order […]

15 April 2016

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Peter Blake’s Pop Art Bentley Goes Under The Hammer At Goodwood Festival

Sir Peter Blake, the godfather of British ‘Pop Art’, has created a one-of-a-kind Bentley Continental GT V8 S Convertible. This unique car will be auctioned for charity by Bonhams at the Goodwood Festival of Speed this year, on 24 June.  Bentley commissioned Sir Peter to deliver the world’s first pop art Bentley, drawing on inspiration from the acclaimed artist’s celebrated […]

2 April 2016

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Pivotal Rothko Painting Goes Under The Hammer At Christie’s

Christie’s Evening Sale of Post-War & Contemporary Art on May 10, is lead by Mark Rothko’s important 1957 canvas, No. 17. It carries an estimate: $30-40million. With its vibrant, verdant hues, No. 17 is emblematic of the experiential nature of Rothko’s art—a manifestation of what one critic called the “immediate radiance” of the paintings from this period of the artist’s career. One of the […]

26 March 2016

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Art Basel Hong Kong 2016 Fourth Edition Round-Up

Art Basel show Hong Kong attracted over 70,000 visitors, among them directors, curators, trustees and patrons from over 100 leading international museums and institutions. The show, which closed today, Saturday, March 26, 2016, featured a new floorplan, spotlighting strong performances by galleries from Asia and the West. Confirming Art Basel’s standing as the leading international art […]

21 March 2016

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TEFAF Maastricht The Worlds Most Exclusive Art Fair 2016 – Roundup

TEFAF Maastricht, once again welcomed around 75,000 visitors, illustrating the consistent annual pull of the 270 international dealers to public institutions, private collectors, art lovers and connoisseurs. Overall, sales happened throughout the duration of the fair, with dealers in all sections reporting sales to private and public buyers across price points. Of note again was […]

18 March 2016

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Andy Warhol Complete Hand Coloured Lithographic Shoe Portfolio To Be Auctioned

Sotheby’s London is to auction a complete portfolio consisting of 18 hand coloured lithographs of shoe designs by Andy Warhol – À la recherche du shoe perdu – together with Shoe and Leg, produced circa 1955. During a seven-year period, from 1953 to 1959, Warhol self-published a series of portfolios, books and individual prints. These were all offset lithographs, some […]

10 March 2016

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UK Art Market Shrinks By 9% In Annual TEFAF Report

The release of the TEFAF Art Market Report 2016, is always an important event in the art calendar. The document which is compiled each year by Dublin-based research company Arts Economics, founded by cultural economist Clare McAndrew, is regarded as the most reliable source by the industry. The report is released simultaneously with the opening of the TEFAF Maastricht art […]

9 March 2016

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Artists’ Estates Preservation And Development Supported By New London Based Organisation

A brand new organisation has been formed in London which is committed to enabling and supporting best practice in the posthumous preservation and development of artists’ estates, founded by Dr Loretta Würtenberger and Daniel Tümpel. The Institute, which is the first of its kind in Europe, has been established in response to a need for a centralised […]

8 March 2016

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Armory Week Round-Up By Artlyst New York Contributor Ilka Scobie

Exhilarating, eclectic and exhausting, New York hosted seven art fairs from March 3-6. Ranging from blue chip venues like AADA to intimate bohemian spaces like the tiny and international Salon Zurcher fair, it’s a time when art lovers, collectors and the curious flock to a diverse artistic panorama. The lynchpin is the two cavernous spaces […]

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 […]