18 November 2013


Sotheby’s Announces Ambitious Beijing Art Week Programme

Sotheby’s is presenting Sotheby’s Beijing Art Week to be held from 28 November to 1 December at China World Summit, Wing Beijing. Beijing Art Week is an ambitious series of arts events to be held by Sotheby’s in China, encompassing fine and decorative art, historic jewellery with a total value of over RMB 1.3 billion […]

16 November 2013


Astronomical Warhol Koons And Bacon Results Defy Art Market Skeptics

Oh what a crazy week for contemporary and modern art at auction: Despite a lot of hot air in the art press over the last few days, with speculation of whether the art market bubble (or balloon in some cases) was about to burst, the climate has again proven the sceptics to be wrong, with […]

9 November 2013


PARTE Contemporary Art Fair Launches In Sao Paulo

PARTE Contemporary Art Fair takes place in São Paulo between 6th and 10th November. It is the third edition of the fair. The event brings together 34 prestigious Brazilian galleries and three international art galleries. PART is an initiative of members Lina Wurzmann and Tamara Perlman working together since the preparation of the first edition […]

7 November 2013


Sotheby’s Achieves Second Highest Results For Impressionist and Modern Sale

An Impressionist and Modern art sale at Sotheby’s in New York has raised more than $290m (£180m) This is the second highest result for the auction house, following the sale last year (2012) of Munch’s ‘The Scream’ which set a world auction record for any work of art, realising $119.9 million. The highest prices achieved […]

6 November 2013


Alberto Giacometti’s Portrait Of Brother Diego Realises $33m At Christie’s

Christies’ has set a world record with a portrait of Alberto Giacometti’s brother Diego, achieving $33m, a record for one of the artist’s paintings. This week’s auctions of Impressionist and Modern Art have realised a running tally of $258 million, with the Works on Paper and Day Sales completing the series today. Bidders from more […]

26 October 2013


Bonhams Auctioneers Officially Open Their New Bond Street London Headquarters

Bonhams has opened a brand new £30 million headquarters building at 101 New Bond Street. The official launch took place last night (24 October) in the presence of  London Mayor, Boris Johnson. Speaking at a packed reception in the new building, the Mayor said, “Why do buyers come here? It’s not just the time zone, […]

22 October 2013


PAD London 2013 Reveals Strong Figures For Frieze Week Fair

The 7th edition of PAD London has truly mastered the spirit of eclecticism in a record year for the fair. With the addition of Antiquities, Japanese Art, the mix of genres and the exquisitely curated environment proved inspiring to the public, first-time buyers and collectors alike. An illustrious opening night proved auspicious for a week […]

21 October 2013


Brazilian Galleries Shine In Record Numbers At Europe’s International Art Fairs

More than eleven Brazilian galleries have chosen to come to London for Frieze week. Many will move on to Paris for next week’s FIAC. This is just the tip of the iceberg with ten in Bogota (Colombia) galleries exhibiting  with the support of the internationalization Project that was made by LATITUDE – Platform for Brazilian […]

19 October 2013


Oliver Stone’s Jean-Michel Basquiat and Andy Warhol Painting Sells For £1.5m

Christie’s London Post-War and Contemporary Art Evening Auction on 18 October 2013 realised a total including Buyer’s Premium: 27,788,900 GBP. It featured a collaborative work by Jean-Michel Basquiat and Andy Warhol from the prestigious collection of Oliver Stone, the film director whose credits include Platoon, Wall Street, Born on the Fourth of July, JFK, Nixon […]

18 October 2013


Saatchi Auctions Tracey Emin Bed To Raise Funds For Gallery

An important auction of contemporary sculpture and installation work was offered from the Saatchi Gallery collection this week at Christies. It realised a total of £3,086,350 / $4,935,074 / €3,635,720. The sale offered 50 works with no reserves and no estimates. Proceeds from the auction will support the Saatchi Gallery’s continuing policy for free entry […]

12 October 2013


Andy Warhol Coca Cola Bottle: Yours For £50m At Christie’s

An early hand painted Andy Warhol Coca-Cola bottle is going under the hammer at Christie’s Contemporary Art Evening sale in New York. Carrying an estimate of $40,000,000-60,000,000, Coca Cola (3) has resided within the same private collection for almost two decades, and has been featured prominently in every major Warhol exhibition. It will be on […]

10 October 2013


Francis Bacon Triptych Of Lucian Freud May Achieve Over £50m

Francis Bacon’s portrait of the artist Lucian Freud may set a new record for the painters work, when it goes under the hammer at Christie’s auctioneers, in New York, in November. It is expected to sell in the region of $85m (£53m). Painted in 1969 the three panelled work, known as a triptych,depicts studies of […]

10 October 2013


David Bomberg: 32 Estate Works To Be Auctioned For Charity

Christie’s has announced that it will be offering 32 works from the Estate of the British artist David Bomberg (1890 – 1957) as part of their Modern British and Irish Art sale on 21 November. Proceeds of the sale will benefit Hadassah, a registered charity dedicated to raising funds for Hadassah Medical Organisation in Jerusalem. […]

4 October 2013


Andy Warhol’s Silver Car Crash Goes Under The Hammer At Sotheby’s

Sotheby’s is auctioning the seminal Silver Car Crash (Double Disaster) by Andy Warhol as the outstanding highlight of their New York contemporary auction season. At over 8 ft. by 13 ft., the monumental painting is one of only four Car Crash works of this scale in the pivotal Death and Disaster series and the only […]

3 October 2013


Can Anyone Blame Dan Loeb For Speaking Out About Sotheby’s?

The Billionaire hedge fund manager Dan Loeb has spoken out about Sotheby’s lack of vision and has called for the resignation of William Ruprecht, chairman, president and CEO of the auction house, which was founded in 1744. Expressing a shortfall in leadership, excessive pay and perks, and the fact that rival Christie’s has outperformed the […]

29 September 2013


Eric Clapton Puts Second Gerhard Richter Abstract Up For Auction

A second abstract painting by the German artist Gerhard Richter, owned by the ageing rock star Eric Clapton will go under the hammer at Christie’s auctioneers this autumn.  Last year, ‘Abstraktes Bild (809-4)’ was sold to an anonymous buyer for £21,321,250, setting a record price for any living artist. Clapton purchased three major works by […]

22 September 2013


Norman Rockwell Masterpieces From The Stuart Collection Auctioned At Sotheby’s

Sotheby’s has announced a major addition to their highly lucrative  American Art auction in New York on 4 December 2013. They will be offering some of the most important original paintings by Norman Rockwell from the family of Kenneth J. Stuart Sr., the artist’s longtime friend and art editor at the Saturday Evening Post. The […]

18 August 2013


British Art Exports Surge By £500 Million Despite Dreaded Droit de Suite

British art exports have hit a peak, not seen since the market crashed in 2008. The popularity of London as a second home for wealthy Russians, Middle Eastern and Americans has driven the auction market, which is the barometer for UK art sales. The value of art exports leaving the UK surged by £500 million, […]

11 August 2013


Project Latitude Publishes Research Showing Brazilian Art Market Growth

Project Latitude, the second industry research conference involving the Brazilian art market, presented in July has released results. It showed some important statistics compiling data concerning contemporary art in Brazil. Unlike the estimates presented by the Folha de Sao Paulo journal, the art market in Brazil has not stalled. A new modo operandi of significance about […]

11 August 2013


Pierre Auguste Renoir Chattels Go Under The Hammer In New York

The most comprehensive archive auction of chattels belonging to the French impressionist artist Pierre Auguste Renoir’s from his signature polka-dot scarf to a collection of 20 original plaster sculpture maquettes, will highlight an expansive grouping dedicated to the Impressionist icon in Heritage Auctions’ presentation of The Renoir Estate Collection Signature® Auction, Sept. 19 in New […]

9 August 2013


Sotheby’s Reports Strong Sales In Half Year Financial Results

Sotheby’s (NYSE: BID 6 August 2013) has reported their financial results for the second quarter and first half ended June 30, 2013. The company has generated a net income of $91.7 Million. Second quarter total revenues of $304.8 million and first half total revenues of $406.6 million in 2013, which essentially match both periods in […]

7 August 2013


Amazon Launches Aggressive Expansion Into Fine Art Sales

Would you buy expensive fine art from Amazon? We will soon find out as Amazon.com, Inc. has announced the launch of Amazon Art a marketplace that gives customers direct access to more than 40,000 works of fine art from over 150 international galleries and dealers. At launch, Amazon Art is showcasing  artworks from more than […]

3 August 2013


Charles Saatchi Auctions Important Artworks To Fund Chelsea Gallery

Charles Saatchi is selling a bed complete with embroidered panels by Tracey Emin along with 50 other works of sculpture and installation art. The sale will take place in October, at Christie’s, in an auction titled, ‘Thinking Big’. Proceeds from the sale will subsidise schools education programmes and continue the free entry to exhibitions policy, […]

29 July 2013


Sound Of Music Costumes Realise Record Prices In Hollywood Auction

Profiles in History auctioneers in Los Angeles , have announced that a collection of iconic cultural memorabilia up for sale at their Hollywood Auction, July 28th and July 29th in Los Angeles has sold achieving record prices. The sale followed the important Milton Greene Collection auction which took place on Saturday, July 27th and included […]

24 July 2013


Artist Pension Trust Plans Fifty Million Dollar Contemporary Art Selloff

The Artist Pension Trust (APT) which holds the biggest global collection of contemporary art has announced that they are to sell off half their collection this autumn. The collection was started 10 years ago and has amassed over 10,000 works by 1,600 artists from 75 different countries. The APT works are valued at 100 million […]

17 July 2013


Christie’s Becomes First International Auctioneers to Operate Independently in India

It was announced yesterday that Christie’s auctioneers will become the only international auction house to hold sales in India. This follows their aggressive move into China and their longstanding commitment to retaining their market leadership in this lucrative part of the world. Their inaugural Mumbai auction of Indian art is scheduled for December 2013. it […]

12 July 2013


Ben Nicholson Achieves Record Price For Painting At Sotheby’s

A painting by the late British artist Ben Nicholson, (Mycenae-axe-blue), has sold for £1,082,500.  It was a highlight at the auction and the first time, the painting has been on the market for decades. It was previously featured in the Tate’s celebrated 1964 exhibition Painting & Sculpture of a Decade, 54-64. This important abstract work […]

12 July 2013


Masterpiece London 2013 Records Record Visitor Numbers And Strong Sales

Masterpiece London saw a rise in visitor figures ending with an overall increase of 20% on last years attendance. Just under 34,000 people in total came to the fair to enjoy the breath-taking calibre of art, antiques and unique collectors items for sale. Many exhibitors reported strong sales this year throughout the fair, and across […]

11 July 2013


Barbara Hepworth and Elizabeth Frink Achieve Auction Records At Christie’s

Results for the Modern British Art Evening Sale at Christie’s London, 10 July 2013 achieved strong results for works by Hepworth, Lowry  Nicholson and  Elizabeth Frink going well over their estimates. The Evening Sale realised a total of £9,870,725/ $14,697,510/ €11,469,782 and was sold 84% by lot and 85% by value, with world auction records […]

4 July 2013


El Greco Masterpiece Is Top Seller In Sotheby’s £35m Auction

Old Masters have set new record prices  in an unprecedented bidding war at Sotheby’s yesterday. Two El Grecos offered in the sale  marked the first time two masterpieces, by the artist were offered in the same auction. Saint Dominic in Prayer, £9,154,500 (est: £3.5-5m) set a record for a painting by a Spanish artist and […]

27 June 2013


Sotheby’s London Contemporary Art Evening Sale Realises £78.8m

Last night in London, Sotheby’s Contemporary Art evening sale realised £75.8 million. Leading the auction were two works by Francis Bacon. The 1966 triptych portrait of his friend, muse and lover Isabel Rawsthorne which sold for £11,282,500, while the first work the artist ever sold, his historic Head III was battled for by six collectors, […]

26 June 2013


Christie’s London Post War And Contemporary Auction Realises Over £70m

Christie’s London evening auction of Post-War & Contemporary Art held on 25 June has realised a total of £70,253,225 / $108,470,979 / €82,477,286, selling 90% by value and 80% by lot. The most expensive lot in the sale was Jean-Michel Basquiat’s Untitled (1982) which sold for £18,765,875 / $28,974,511 / €22,031,137. Peter Doig’s Jetty (1994) […]