22 April 2015

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Picasso Sculptures From The Lola Sarnoff Collection To Be Auctioned

The collection of the highly regarded sculptor and philanthropist Lolo Sarnoff will be presented over several several sales in New York and London throughout the spring. The selection of work on offer  spans important Impressionist & Modern Art, follows Sotheby’s legendary six-day, 700 lot auction in 1978 of the collection of Lolo Sarnoff’s step-father, Robert von Hirsch. Works by […]

21 April 2015

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Frida Kahlo: Secret Love Letters To Jose Bartoli Sell For £248,000

A collection of love letters belonging to Frida Kahlo, written for Spanish artist Jose Bartoli, sold at Doyle New York on April 15 for $370,000 or £248,823. A sale price that broke their already high estimate of $120,000, or £80,687. The intimate letters were kept in secret by Bartoli until his death in 1995. There […]

20 April 2015

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Stellar Pre-Raphaelite Collection Goes Under The Hammer At Christie’s

A stellar collection of Pre-Raphaelite and Victorian drawings and paintings will be presented for auction at Christie’s, this summer. One of the very best collections in private hands with museum-quality works, some of which have not been seen for decades will be offered as part of the Victorian, Pre-Raphaelite & British Impressionist Art sale on 16 June 2015. This beautiful collection features 45 […]

16 April 2015

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Ileana Sonnabend And Nina Castelli Sundell Collection Hits The Auction Block

Works from two pioneering art world figures: Ileana Sonnabend, one of the most innovative, daring, and stimulating gallerists of 20th-Century art, and her daughter Nina Castelli Sundell, the visionary curator and scholar who worked to introduce contemporary art to audiences throughout the United States are to go under the hammer at Christie’s. Ileana Sonnabend devoted her life to the discovery, appreciation, […]

15 April 2015

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Alberto Giacometti Pointing Man Expected To Achieve £87m At Christie’s

Alberto Giacometti’s iconic and evocative sculpture, L’homme au doigt (Pointing Man) is to be offered at Christie’s upcoming spring auction in New York. Cast in bronze and one of an edition of six, standing whippet-thin at five feet ten inches, this dynamic and powerful figure is widely recognized as one of the most important sculptural achievements of the Modern era, created by the […]

12 April 2015

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Monet Water Lilies Painting Expected To Achieve £20m At Sotheby’s

Six Impressionist masterpieces by Claude Monet have gone on view in London ahead of Sotheby’s latest Impressionist and Modern auction in New York.  Nympheas (Water Lilies) which has not been seen in public since 1945, is expected to sell for an estimated $30-45m (£20.5m-£13m), when it goes under the hammer on 5 May. The Nymphéas paintings are among the most celebrated series […]

11 April 2015

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Second Lucian Freud Benefits Supervisor Resting Painting For Sale At Christie’s

Lucian Freud’s most famous and iconic subject will be offered as the highlight of Christie’s Post-War and Contemporary sale on May 13. Benefits Supervisor Resting is regarded as Freud’s ultimate tour de force, a life-size masterwork in the grand historical tradition of the female nude, painted obsessively with intense scrutiny and abiding truth. This bold and extraordinary example of […]

2 April 2015

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Lauren Bacall Collection Including 34 Works By Henry Moore Achieves £2.45m

Bonhams New York has reported the sale of all 740 lots of the Lauren Bacall Collection, totaling £2.45m ($3.64m). Lauren Bacall was 19 when she made her screen debut in To Have and Have Not (1944) opposite Humphrey Bogart. They married soon after in 1945 and had a son and a daughter, Stephen and Leslie. Although Bogart passed away in […]

27 March 2015

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Made in Britain Auction At Sotheby’s Creates Ten New World Records

Sotheby’s Made in Britain sale, a dedicated auction celebrating the diversity of British art from 1900 to today has created ten new records for British Artists. . Over 30,000 people attended the viewing with strong prices achieved in both the day and evening sale sessions for works by some of the leading names of post-war British Art. The sale […]

26 March 2015

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Pablo Picasso’s 1950s Homage To Delacroix Goes Under The Hammer

Christie’s will be offering Pablo Picasso’s Les femmes d’Alger (Version “O”) as the star lot in their New York Impressionist and Modern sale this Spring. The painting is the culmination of a herculean project which Picasso started after Matisse’s death, in homage to his lost friend and competitor, and which over a period of 2 months and after […]

22 March 2015

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TEFAF 2015 Shows Growth And Strong Sales In Many Areas

A good fair with strong sales is the word for TEFAF 2015 as it proves to show growth in many different areas. Contemporary and Modern art has positively taken hold at the fair this year, with a growing emphasis on this sector of the market. Many London art dealers were prominent at the fair displaying well presented stands.  Buyers who have […]

21 March 2015

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Picasso’s Dream That Anyone Could Own His Work Undermined

A sale of Important Ceramics by Pablo Picasso (Sotheby’s 18 March) has scuppered the master’s original intentions behind creating multiples. Picasso’s original dream that anyone could own one of his works, was further undermined, at Sotheby’s London, this week, as the results almost tripled their pre-sale low estimates to bring £1,726,625 ($2,548,153), with a 95% […]

19 March 2015

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Cui Ruzhuo Is The Most Expensive Living Chinese Artist At Auction

Cui Ruzhuo, the Beijing-born ink painter has toppled last year’s most expensive artist, oil painter Fan Zeng, from the top of the Hurun Art List 2015. His sales at auction reached $77 million, or £51 million in 2014, with ‘Landscape in Snow’ (2006) fetching $23.7 million, or £15.8 million at a Poly Auction sale in […]

19 March 2015

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Samuel Goldwyn Art Collection Goes Under The Hammer At Sotheby’s

Modern art masterpieces from The Samuel Goldwyn family Collection will go under the hammer at Sotheby’s, in a series of auctions beginning in May 2015. The Goldwyn’s is legendary within the film industry, many will discover in these sales that their creative vision also extended to collecting fine art. Samuel Goldwyn Sr. assembled a core […]

16 March 2015

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Sotheby’s Appoints Tad Smith as President And CEO Ending Speculation

After a rocky year with investors, a near coup d’état, and lower than expected profits Sotheby’s has announced Tad Smith as the new President and Chief Executive Officer, effective March 31, 2015. He succeeds William F. Ruprecht who has served as CEO since 2000. Smith will also join the Sotheby’s Board of Directors Smith, 49, […]

16 March 2015

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Sotheby’s Rembrandt To Warhol, London Print & Multiples Sale For 17 March

From Rembrandt to Warhol, is a veritable roll call of leading artists taking the stage at Sotheby’s London sale of Prints & Multiples on 17 March 2015, with estimates ranging from £3,000 upwards to £200,000. The auction opens with a particularly strong selection of Old Master prints, led by Rembrandt’s The Three Crosses, considered one […]

14 March 2015

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TEFAF Art Market Report Reveals Contemporary Art Domination In 2015

The 2015 TEFAF art market report has been released reporting a staggering €51 Billion £36b world wide market. Growth especially in the online art market added €3.3 billion (£2.3b) 6% to the total. The middle market (priced between £1000-£30,000) accounted for much of online selling. Post-War and Contemporary art accounted for almost half of total […]

9 March 2015

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Mark Rothko Masterpiece No. 36 To Be Auctioned At Christie’s

Christie’s is auctioning Mark Rothko’s masterpiece No. 36 (Black Stripe), 1958, from the collection of the Museum Frieder Burda in Baden-Baden – one of Europe’s most important and prestigious private museums for Classical Modernism and Contemporary art based in Germany. With Rothko’s signature concordance of three shimmering rectangles of directly contrasting color asserting themselves against […]

9 March 2015

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NY Armory Week Closes With Buoyant Sales Across The Board

New York’s oldest established art fair for modern and contemporary works returned to Piers 92 & 94 from March 5-8 in what has been hailed as buoyant sales across the board. Artworks by over 1,500 artists from 199 galleries across the United States, Europe, the Middle East, and Asia. Further to record exhibitor applications, a […]

3 March 2015

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Art Basel Switzerland Announce Their 2015 Gallery Lineup

Art Basel has announced details of its 46th edition in Basel, Switzerland, taking place June 18 to June 21, 2015. This year, 283 leading international galleries will present works ranging from the Modern period of the early 20th century to the most contemporary artists of today. The Basel show, whose Lead Partner is UBS, will […]

3 March 2015

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Art Fair Fatigue Causes 7 Percent Drop in Attendance At Big Fairs

The best known art fairs such as Art Basel and FIAC are slipping in popularity. Skate’s Art Market Research have published statistics for 2014 which showed art fair attendance was down 7.2% compared to 2013. They reported a total of 1,032,729 people attended the world’s top 20 art fairs in 2014. The top fair was […]

2 March 2015

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Sotheby’s Release 2014 Figures Showing A 19 Percent Increase To $6.1 Billion

Sotheby’s have officially released their 2014 figures which show a (20%) adjusted Operating Income profit over the prior year, reflecting the continued strength of the global art market along with the benefit of management’s cost reduction initiatives. With a turnover of $6.1b/£3.9 billion and after-tax basis, adjusted Net Income* is $142.4 million, an $11.6 million […]

16 February 2015

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Ai Weiwei Zodiac Heads Sculptures Set New Auction Record For The Artist

The newly relaunched Phillips Auctioneers have sold Ai Weiwei’s Circle of Animals / Zodiac Heads, 2010 for  £2.8m ($4.3m) at the Contemporary Art Evening Sale which took place on Thursday, 12 February. The twelve gold-plated sculptures portraying the signs of the ancient Chinese zodiac had a pre-sale estimate of £2,000,000 – £3,000,000. “The Zodiac Heads […]

15 February 2015

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Christie’s Post-War And Contemporary Art Evening Auction Realises £117,142,500

The Post-War & Contemporary Art evening sale at Christie’s London realised a total of £117,142,500 / $178,408,028 / €157,556,663 selling 95% by value with outstanding sell-through rates. The top price of the evening was paid for Cy Twombly’s Untitled (New York City), which sold for £19,682,500 / $29,976,448/ €26,472,96 (estimate in the region of £16million). […]

12 February 2015

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Gerhard Richter Record Price For Europe’s Top Living Artist At Sotheby’s

Last evening’s Sotheby’s sale of Contemporary Art in Europe was led by Gerhard Richter’s Abstraktes Bild which established a new record for the artist, selling for £30.4 million / $46.3 million / €41 million (with an estimate of £14 to 20 million), a new benchmark for any European living artist. The painting was created in […]

5 February 2015

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Christie’s Surrealism Sale Breaks The £100m Mark

Christie’s has held the first ever Surrealism sale to break the $100 million mark. Registered bidders came from 34 countries across 5 continents for the ‘Evening Sales of Impressionist and Modern Art and The Art of the Surreal’ that took place at Christie’s London on 4 February. It realised a combined total of £147,031,000/$222,751,965/€194,080,920, selling […]

4 February 2015

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Iconic Warhol Portraits Of Basquiat, Mapplethorpe, Copley For Bonhams Auction

Three works which are probably Andy Warhol’s most iconic portraits from the 1980s will go to auction at Bonhams in London on February 12 at the Post-War & Contemporary Art sale. Each work by the Factory artist depicts a person that was a close friend of Warhol, as well as an important figure of the […]

3 February 2015

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Sotheby’s Sets New Record For Highest Total At A London Auction

Sotheby’s Auctioneers has set a new record for the highest total for a London auction. Helena Newman, Sotheby’s Co-Head, Impressionist & Modern Art Worldwide, said: “Building on the momentum of Sotheby’s record Impressionist & Modern art sales last year, we’re delighted to launch the first sale season of 2015 with a new high for art […]

3 February 2015

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Culture Minister Ed Vaizey bans export Of Claude Lorrain Painting

UK Culture Minister, Ed Vaizey, has placed a temporary export ban on a 17th century painting by Claude Lorrain, which will provide a last chance to keep the work of art in the UK. The painting is considered to be one of the finest examples of the artist’s seaport and harbour scenes, the work is […]

1 February 2015

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UK’s Creative Industries Worth £76.9b To Economy 2014 DCMS Figures Reveal

Brand new figures published by the Department for Culture, Media & Sport have revealed that the UK’s Creative Industries are now worth £76.9 billlion per year to the UK economy. This is a growth of almost ten per cent on 2013 and three times that of wider UK economy. The figures accounted for 1.7 million […]

30 January 2015

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Misattributed John Constable Purchased for £3,500 At Christie’s Sells At Sotheby’s For £3.4m

We reported on the 9 January that a painting by John Constable misattributed and sold for a fraction of its actual value at Christie’s was up for sale again at Sotheby’s New York. Now it has been confirmed that the picture, bought for £3,500 just 18 months ago has sold at auction in New York […]

30 January 2015

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Banksy Collection Achieves Higher Than Estimate With £459,074 At Bonhams

Steve Lazarides, the former agent of the notorious Bristol street artist Banksy has auctioned off a collection his private collection of 30 Banksy prints and two sculptures. The auction was held as part of Founded 1793, the contemporary art auction at Bonhams New Bond Street which took place on 28 January 2015. Bonhams London auctioned […]