24 September 2014

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Contemporary Art Smashes $2 Billion Mark Creating New World Auction Record

Jeff Koons’s monumental sculpture Balloon Dog (Orange) has set a new world auction record for a living artist. The iconic work by the controversial American artist achieved the sum of $58,405,000 – that being £36,795,150, or €43,219,700, at Christie’s Post-War & Contemporary Evening Sale in New York on November 12, 2013. According to new figures […]

10 September 2014

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Christie’s Announce Giants Of German Post-War Art Sale

Christie’s has announced the sale of 44 major Post-War works from The Essl Collection which will be sold in a landmark, stand-alone evening auction in London on Monday, 13 October 2014. The sale will be comprised of master works by many giants of German Post-War and Contemporary Art including Gerhard Richter, Georg Baselitz, Martin Kippenberger, […]

6 September 2014

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Warhol Elvis and Brando Masterpieces Star In Christie’s Autumn Line-Up

Two iconic portraits by Andy Warhol featuring Elvis Presley and Marlon Brando, two of the most important male celebrities in Warhol’s pantheon of stars will go under the hammer at Christie’s New York ,this autumn, on November 12th. Triple Elvis and Four Marlons are expected to realize in the region of $130 million. “As such […]

30 August 2014

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Essl Collection To Be Sold In London Contemporary Art Auction

The Essl Collection which is one of Europe’s finest collections of contemporary art is to be liquidated. The 7,000 works will be sold off in London, this October after Karlheinz Essl the owner of the BauMax hardware store chain suffered near-insolvency. The collection was organised as a non-profit private foundation and is an important part […]

30 August 2014

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Joan Miro Works Get Green Light To Be Sold In London

The sale of a Portuguese collection of 85 works by the spanish Surrealist artist Joan Miró will go ahead now that a judge has overturned a ruling banning the export of the art. The judge stated yesterday that the works are not of ‘cultural heritage’ and therefore could leave the country for an auction at […]

21 August 2014

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Christie’s Auctioneers Unveil New Shanghai HQ In Historical Landmark Building

Christie‟s Auctioneers has announced the opening of a new home and a multi-purpose art space at Shanghai‟s historical Bund, one year after their inaugural sale in mainland China. To mark the occasion, Christie‟s will present its Shanghai autumn auctions on 24 October featuring an evening sale of Asian and Western 20th Century and Contemporary Art, […]

8 August 2014

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Sotheby’s Releases Their 2014 Half Year Top Ten Works Sold In London

Sotheby’s net auction sales increased 24% to $2.7 billion on strong global sales during the period – particularly in Hong Kong and London – which led to an 18% increase in auction commission revenues to $403.8 million as compared to the prior year. “Sotheby’s is seeing success across categories and around the world,” said Chairman, […]

7 August 2014

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Global Art Market Growth Reaches Unprecedented $7 Billion Half Year Figure

New industry figures have revealed that the international art market has grown by 17% to $7 billion in the first six months of 2014. The French company Artprice stated that art sold at the major auction houses have totalled $7.15 billion ($5.22 billion euros). This has increased from the $6.11 billion figures crunched in the […]

30 July 2014

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Russian Owned Phillips Auctioneers Appoints Edward Dolman As New CEO

Edward Dolman, the executive director and acting chief executive of The Qatar Museums Authority has revealed that he is taking over the reins at Phillips Auctioneers, the fourth largest auction house in the world.  Mr. Dolman, 54, spent 27-years at Christie’s where he was chief executive and chairman before his departure. He has now decided […]

17 July 2014

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Damien Hirst Demonstrates The Butterfly Effect In The Middle East

A work of art by the best known YBA artist Damien Hirst  is to be offered for sale at Sotheby’s in Doha, Qatar, on 13th October 2014. Carrying a price estimate of  $1,000,000–1,500,000 ‘Tranquility’ explores the subject of the struggle between life and death. Hirst’s butterfly works are described by the auction house as ‘a […]

16 July 2014

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Sotheby’s Announces 22% Rise In Half Year Sales Figures

Auction sales at Sotheby’s during the first half of 2014 have grown faster than any other international house. With a growth of some 22%*, Sotheby’s witnessed record sales in a number of key categories, leading the market in many of the areas widely considered as the most important indicators of its overall health. The highest […]

16 July 2014

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Christie’s Announces Record £2.6 Billion Half Year Sales

Christie’s has announced sales of £2.69 billion, up 12% ($4.47 billion, up 22%), for the half year ending 30 June 2014. Christie’s successful strategy to connect with more collectors globally underpins the results, with the figures driven by an increase in the value of artworks sold across categories, geographies and price levels. Digital engagement and […]

14 July 2014

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Sotheby’s Joins eBay To Create Online Art And Collectables Partnership

Sotheby’s and eBay have announced today a partnership that will unite the global leader in online shopping with the number two global auctioneer. Together, they are developing an innovative online platform that will make it easier for millions of people worldwide to discover, browse and acquire exceptional works of art, antiques and collectables. It is […]

11 July 2014

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Egyptian Sekhemka Statue Achieves £15m In Northampton Museum Sell Off At Christie’s

Christies evening auction of classical decorative arts  has realised £31,048,500/ $53,186,081/€38,934,819, marking the highest total for any and breaking the previous record established by Christie’s Exceptional Sale in 2011 at £28.7million. The top price was paid for a controversial Egyptian statue of Sekhemka, made of painted limestone. The statue dating to the Old Kingdom, Late […]

2 July 2014

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Tracey Emin’s Turner Prize Nominated Unmade Bed Fetches £2.5m At Christie’s

Tracey Emin’s Turner Prize nominated ‘My Bed’ installation has sold at Christie’s, London salesroom tonight for £2.5m (including commission), a record for the artist. The sculpture was consigned by Charles Saatchi to raise money for his Gallery’s education programme. The artwork was estimated to fetch between £800,000 to $1.5 million in the sale. It was […]

1 July 2014

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Sotheby’s Lands £100m Paul And Bunny Melon Estate Sale

This Autumn, a series of sales at Sotheby’s will offer for sale one of the most important single owner collections ever to come to the market – that of Rachel ‘Bunny’ Lambert Mellon.   Intensely private, Mrs Mellon, who died earlier this year at the age of 103, devoted her life to five main passions: fashion, […]

1 July 2014

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Record Price For Francis Bacon Triptych And Peter Doig At Sotheby’s

Sotheby’s London was again breaking records this evening when a rare Francis Bacon triptych of George Dyer attracted bids from four collectors around the world, far surpassing its estimate and selling to a telephone bidder for a landmark price of £26,682,500 ($45,400,274). The sum paid sets a new benchmark for a small-scale triptych by the […]

30 June 2014

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START Art Fair’s First Edition Ends On A High Note

London’s latest contemporary art fair START has ended on a high note, after receiving universal praise for its fresh approach. This was reflected in strong sales and attendance of significant international collectors. The preview day saw 2,200 VIP guests through the doors in just 5 hours, with total visitors to the Saatchi Gallery in Chelsea, […]

27 June 2014

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Masterpiece London Preview Announces Sales In Excess of £40m

Masterpiece London’s top art and antiques fair which is often compared to Maastricht has opened with reports of strong sales the highest visitor number to date. Collectors, curators, and designers are drawn here for the astonishing diversity of material with over 7,000 visitors crossing the threshold of the stunning fair in the South Grounds of […]

26 June 2014

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Warhol, Doig And Bacon Star In Sotheby’s Contemporary Art Evening Sale

The market continues to storm ahead, ravenous for great works by great artists. This sale – one of the most exciting London sales in a decade – provides plenty to feed that appetite, with definitive works by Bacon and Doig presenting a once-in-a-lifetime opportunity for collectors.” says; Alex Branczik, Head of Contemporary Art, London Next […]

25 June 2014

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Christie’s Reveals £86m Impressionist and Modern Evening Sales Figures

Christies London has released the results for the Impressionist and Modern Art Evening sale which took place on 24 June  £85,784,000/ $146,004,368/ €107,230,000 was realised selling 67% by lot and 71% by value. Kurt Schwitters 1920 picture sold for £13,970,500/$23,777,791/ €17,463,125 setting a new world record price for the artist at auction (estimate: £4- 6 […]

24 June 2014

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Claude Monet Water Lilies Achieves £31m At Sotheby’s Evening Sale

Sotheby’s evening sale of Impressionist and Modern Art in London has achieved a total of £121,957,000 / $207,875,707 / €152,555,889 (est. £86.2-123.9m / $146.3-210.3m) this evening after fierce bidding from Asia and Russia. Helena Newman, Sotheby’s Co-Head of Impressionist & Modern Art Worldwide, said: “The tonight’s success was due to being entrusted with supreme property […]

23 June 2014

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Art Basel 45 Retains Its Supremacy In The Art Marketplace

Summing up the 2014 Art Basel fair is a daunting task. The fair founded in Switzerland has ended with galleries reporting strong sales throughout the week across all levels of the market. The 45th edition of Art Basel once again confirmed its position as one of the worlds most important annual art events, and as […]

19 June 2014

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Impressionism To Street Art Leads Summer Sales At Christies, Sotheby’s And Bonham’s

The Impressionist & Modern Art Evening Sale at Sotheby’s 23rd June 2014 combines an outstanding level of quality across the board. Included in the sale are works by Claude Monet, Pablo Picasso, Piet Mondrian, Pierre Auguste Renoir, Joan Miró and Wassily Kandinsky, to name but a few, the 46 lots in the Evening Sale are […]

17 June 2014

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Archibald Knox and Modern British Art Triumph At Olympia Antiques Fair

Founded over forty years ago, the Olympia International Art & Antiques Fair is the most established art and antiques fair in London, and yet again the exhibitors put on a really fantastic event. The 42nd edition of Olympia International Art & Antiques Fair, which ended on Sunday, attracted over 26,500 visitors from countries as far […]

16 June 2014

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Banksy Stall Art From NY Residency To Be Sold At Bonham’s

Banksy paintings on canvas bought during his 2013 ‘residency’ in New York are to go under the hammer at Bonham’s London. Purchased for just $60 apiece they will feature in their next sale of Contemporary Art on July 2nd for a price which reflects their true value. Estimated at £50,000 – 70,000 and £30,000 – […]

12 June 2014

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Claude Monet Water Lilies Set To Fetch £20-30m At Sotheby’s

Sotheby’s London is offering as a highlight of the Impressionist & Modern Art Evening Sale on Monday 23rd June 2014 Claude Monet’s Nymphéas (Water Lilies) of 1906, estimated at £20-30 million/ $33-50 million. Instantly recognisable and revered the world over, Claude Monet’s Nymphéas are among the most iconic and celebrated paintings of turn of the […]

10 June 2014

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Peter Doig’s Toronto Masterpiece Country-Rock Wing-Mirror Goes Under The Hammer

Peter Doig’s masterpiece Country-Rock (Wing-Mirror) will be offered for the first time at auction in Sotheby’s Contemporary art sale in London on 30th June, This painting is one of the most important works by the artist ever to appear on the market. Having remained in the same collection since 1999, the year it was painted,it […]

5 June 2014

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Francis Bacon Lucian Freud Study From Roald Dahl Collection To Be Auctioned

Francis Bacon’s single head study of  the artist Lucian Freud painted in1961 from the private collection of the celebrated writer Roald Dahl and the Dahl family is to go under the hammer at Christie’s . The canvas measuring fourteen inches by twelve will be offered in Christie’s Post-War and Contemporary Art Evening Sale on 1 […]

4 June 2014

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Invaluable The Online Live Auction Marketplace Raises $33.75m Capital

Invaluable,one of the oldest and largest online live auction marketplaces, has announced that it has raised $33.75 million in a Series D funding round led by New York-based Insight Venture Partners, with participation from existing investors Ascent Venture Partners and Commonwealth Capital Ventures. As part of the transaction, Bradley Twohig, principal at Insight Venture Partners, […]

30 May 2014

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Latin American Modern & Contemporary Art At Sotheby’s Tops $15m

The evening session of Latin American Art Modern & Contemporary at Sotheby’s New York held on the 28 May has brought a total of $15,142,875 (est. $11.3/15.6 million)* with strong results achieved for many of the key names of Latin American Art such as Joaquín Torres-García, Diego Rivera, Lygia Clark, Jesús Rafael Soto, Rufino Tamayo, […]

19 May 2014

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Art Basel Hong Kong Finishes With Reports Of Buoyant Sales

The second edition of Art Basel Hong Kong has closed with dealers reporting buoyant sales over the five day period. The line-up of 245 galleries representing 39 countries and territories across the world participated in Art Basel Hong Kong’s event. With over 50 percent of galleries having exhibition spaces in Asia and the Asia-Pacific region, […]