19 November 2011


Bonhams Breaks Records For Lowry And Henry Moore

This week’s 20th Century British and Irish Art sale at Bonhams broke the world auction record for a work on paper by Henry Moore. After a considerable bidding war, the 1941 drawing of a seated mother and child sold for £634,850. It was featured in last year’s major retrospective of Henry Moore at the Tate […]

18 November 2011


William Boyd’s Fictional Nat Tate Sells For £7000

Sotheby’s auctions for Modern and Post-War British Art make £8m, selling work by Lowry and the fictional creation Nat Tate Sotheby’s held its first ever evening auction of Modern and Post-War British Art this week, and by all accounts this inaugural event was a success for the house, with the combined total from the evening […]

17 November 2011


Asian Art Market In Uncertain Health

Confusion as last week’s total sales of Asian Art hit impressive £57.4 million, despite fact that 44% of lots remained unsold As we reported earlier this month, London has over the past few weeks been host to one of the world’s major Asian art events: Asian Art in London. Officials from the major auction houses […]

11 November 2011


Kate Moss Portrait To Sell For Big Bucks At Bonhams

Portrait of Kate Moss set to be sold at Bonhams next week for £18,000, alongside famous images by Robert Maplethorpe and David LaChapelle A nude black and white portrait of supermodel Kate Moss taken by celeb and fashion photographer Albert Watson is set to make £18,000 when it goes on sale next at Bonhams in […]

8 November 2011


Damien Hirst Is Saving Grace For Lukewarm Auction

  Buyers lack enthusiasm at first post-war and contemporary sale of the season, uncharacteristically held by Phillips De Pury Phillips De Pury hosted the first post-war and contemporary sale of the season last night, and, whilst results were by no means as disappointing as those seen at Christie’s last week, neither could the sale be […]

3 November 2011


Impressionist And Modern Art Sotheby’s Comes Up Trumps

Sotheby’s have enjoyed considerably more success at their first “Impressionist and Modern Art” sale of the autumn season than their rivals Christie’s, who suffered mixed results on November 1st. In contrast to the Christie’s sale, where excessive estimates for the leading lots seemed to put potential buyers off, the top-valued piece at Sotheby’s – Gustav […]

2 November 2011


Has The Art Market Peaked?

Picasso and Degas Fail to Sell At Christies Modern evening sale As we reported on Monday, this week sees the start of the New York Impressionist and Modern art auction season, with all the major houses presenting big-ticket works. The results however, coming from the first sale of the season at Christies were anything but […]

17 October 2011


Pop Artist Warhol Rolls Royce Goes Under The Hammer

The aspirational brown motor car is offered by Bonhams Auctioneers “The legendary Pop Artist Andy Warhol’s car is to join other famed autos at a Scottsdale sale of fine and classic cars. Screen goddess Marlene Dietrich’s 1929 Rolls-Royce Phantom will be in good company at Bonhams’ inaugural Scottsdale sale come January. The 1974 Rolls-Royce Silver […]

15 October 2011


Contemporary Art Auctions Point To Economic Recovery

Sotheby’s Christie’s and Phillips produce healthy results This week has been an important one for the art market, with London’s leading auction houses all hosting major contemporary art sales to coincide with Frieze week. The Sotheby’s Contemporary Art Evening Sale saw a total sale value of £17,809,000, the third-highest recorded total for their October Contemporary […]

3 October 2011


Lowry Painting Set To Fetch £6m at Christie’s

Lord Forte’s Piccadilly Circus Oil goes under the hammer In November Having been part of hotel tycoon Lord Forte’s personal collection for almost 30 years, a LS Lowry painting of Piccadilly Circus is now going to be up for auction for the very first time. What’s more, it’s estimated that the piece – due to […]

30 September 2011


Elton John Auctions $1m Of Contemporary Art

AIDS charity to benefit from Sotheby’s sale and new photo Portfolio Elton John has announced that his charitable organization, The Elton John AIDS Foundation will auction six important works of contemporary art at Sotheby’s. The sale held on the 10 Nov in New York will include Keith Haring’s untitled 1981 ink-on-paper drawing depicting three men. […]

22 September 2011


Damien Hirst Pulls Spin Paintings From Auction

Damien Hirst, the YBA worth £215 million, has allegedly been putting pressure on the major auction houses to stop selling incomplete editions of his iconic spin prints. The works were originally sold as a boxed set with original top cover painting. Several of the sets have been broken up and sold off individually. Hirst feels […]

17 September 2011


Elaine’s Restaurant Estate Goes Under The Hammer

Personal Items from Elaine Kaufman’s Upper East Side Apartment and Restaurant Art Collection Featuring Works by Andy Warhol, Helen Frankenthaler, Reginald Marsh, Wallace Berman, Arman, and George Segal to be sold Legendary restauranteur Elaine Kaufman’s estate goes under the hammer early next week. She was an avid art collector as well as a purveyor of […]

6 September 2011


SH Contemporary Spearheads China Art Market

China is now the second largest art market after USA Every September, Shanghai becomes a key destination for the international art world, as the entire Asian contemporary art scene comes together during SH Contemporary for the most dynamic art week of the year. The SH Contemporary 2011 launches between September 8th to 10th, with a […]

11 August 2011


Tony Curtis Estate To Be Auctioned In September

  Original works by Picasso and Warhol to go under the hammer The estate of one of Hollywood’s most colorful stars, Tony Curtis goes under the hammer on 17 September. It includes work personally given to him by Andy Warhol and Pablo Picasso. The rare Hollywood star whose off-screen character was often more sensational than […]

15 July 2011


$25m Disputed Klimt Painting To Be Auctioned By Heirs

Gustav Klimt Stolen By Nazis To Be Offered By Sotheby’s A masterpiece by the Austrian Secessionist painter Gustav Klimt that was looted by the Nazis during World War II, is to go under the hammer following its return to its original owner’s great-nephew.The 1915 landscape, entitled Litzlberg on the Attersee, is expected to realise more […]

30 June 2011


Sotheby’s Contemporary Art Sale Smashes Records

The Contemporary Art Evening Sale at Sotheby’s last night was the highest total ever achieved in London by a contemporary sale in history. £108,803,550 / $174,129,201 /€120,923,897 was sold, all pre-sale expectations were smashed (estimate: £74-105 million). Buyers from around the globe participated in the auction. Record sell-through rates of 89.8% by lot and 93.9% […]

28 June 2011


Kay Saatchi Collection Fairs Well Under The Hammer

The Kay Saatchi Collection went under the hammer as part of the Post-War and Contemporary Art Evening  auction at Christie’s King Street tonight (28 June). The collection features an outstanding and rare group of early works on paper by Lucian Freud, executed in the 1940s, Ron Mueck’s Big Baby, the first work in the artist’s […]

23 June 2011


Egon Schiele $40m Sale Settles Nazi Compensation Case

Sotheby’s  has set a record price for the Viennese Secessionist painter Egon Schiele. The landscape titled “Hauser mit bunter Wasche ‘Vorstadt’ has sold for a staggering £24.7 million or $40.1 million at a London auction held yesterday. Last year, a US court ruling demanded that a leading Austrian museum, pay $19 million (£11.52 million)in compensation […]

12 June 2011


Serpentine Auction to Raise Millions At Sotheby’s

  Works Generously Donated by Artists Including: Gilbert & George, Damien Hirst, Jeff Koons, Takashi Murakami Chris Ofili, Richard Prince, Paula Rego and Cindy Sherman are predicted to raise unprecedented funds for the new Serpentine Sackler Gallery on 30 June.   The Serpentine Sackler Gallery, opening in 2012, will be renovated and designed by Pritzker-Prize […]

7 June 2011


Sotheby’s Goes Pop Contemporary Evening Sale Rocks Out

Andy Warhol’s  portrait of Blondie star Debbie Harry goes under the hammer at Sotheby’s and is expected to fetch up to $8.8 million (£5.5 million) when auctioned on 11 June. The star a close friend and muse of the artist ,who had her biggest hit, Heart of Glass in 1980 was immortalized  by Warhol in […]

6 June 2011


Mystery Surrounds The Sale Of Jeff Koons $16.5M Pink Panther

It has been rumoured that Sotheby’s has had its Lawyers sending litigation threats to one of the oldest online publications for writing a leading passage in an article. The report concerns the sale of Jeff Koons’ Pink Panther sculpture from his 1988 Banality series which took place in New York on 10 May. The auctioneers […]

25 May 2011


Cindy Sherman $3.89m Record Price For Photograph

A record price for a photograph was achieved recently at Christies, New York. Cindy Sherman’s ‘Untitled #96′, part of a series compiling ten unpublished photographs commissioned by Artforum Magazine In 1981 now becomes the most expensive photograph ever sold. Sherman produced the series as a take off on men’s magazine centerfolds formating them as double […]

7 May 2011


Francis Bacon Masterpiece Goes Under The Hammer

Sotheby’s has announced that its forthcoming London Summer Contemporary Art Evening Auction will be led by “Crouching Nude”, an important canvas by the seminal British Artist Francis Bacon. The painting has never been offered at auction before and should realize at least £10 – 15 million . The oil on canvas was created in 1961 […]

23 March 2011


Chinese Vase Sells For Astounding £11m At Sotheby’s

Another record price has been achieved for a Chinese vase. This time it is £11m for what is presumed to be a Qianlong vase. The Sotheby’s auction of Chinese Ceramics and Works of Art from top dealers J.T. Tai & Co. took place yesterday, in New York and everyone is holding their breath to see […]

21 March 2011


Chinese Vase £51m Sale Faces Collapse

The Most Expensive Chinese Work Of Art Still Unclaimed After Four Months We reported on 7 March, the record-breaking £51m sale of an 18th century Qianlong-dynasty Chinese vase from a suburban London auction house had collapsed. Well the plot thickens. Intrigue and sabotage has been blamed for the sale falling through, but Bainbridge’s Auctioneers of […]

6 March 2011


Pinner Vase Sale a £51m Stiff?

Intrigue and sabotage blamed for the sales collapse The internationally reported sale of an 18th century Qianlong-dynasty Chinese vase from a small suburban London auction house last November has fallen through. Bainbridge’s of Ruislip scored the record, for the highest price realized for a piece of Chinese art, sold in the UK. The fact of […]

18 February 2011


Protests Disrupt Sotheby’s Contemporary Art Sale

While the Sotheby’s Post War and Contemporary Art Evening Sale realized  totals of £44.4 million another very different auction was taking place outside on the street in London. The Arts Against Cuts group were auctioning off public services like the libraries for £.99 or a pound could purchase the NHS.Loud orgasmic moans were vocalized during […]

15 February 2011


Christie’s, Sotheby’s and Phillip’s de Pury Contemporary Art Sales

RESULTS: Feb 17th – 7pm Phillips de Pury and Company Contemporary Art Evening Auction The Auction sale totalled £5,409,200. The highest individual piece was for a Jean-Michel Basquiat at £1,127,650 Feb 17th – 1pm Sale: 7956 Christies Post War and Contemporary Art Day Auction The Auction sale totalled £14,273,225. The highest individual piece was for […]

9 February 2011


Latest Art Market News

    The art market is thriving. Fine art is confidently viewed by financial experts as one of the best performing asset categories of 2010. The international Modern and Contemporary art markets are up by an average of 25%, against FTSE’s 11% and Dow Jones 9%, and by all accounts this trend will continue through […]

29 January 2011


Arts Donations From UK Business Falls By 11%

Businesses investment in UK arts fell last year by 11%. This was despite Culture Secretary Jeremy Hunt’s DCMS directive to encourage corporate philanthropy. The initiative was launched last year to take the pressure off of the Government, which has made cuts to the arts of around 30%. The figures clearly highlight the universal tightening of […]

28 January 2011


Christie’s Sales Total Record-breaking £3.3 Billion

Contemporary art market bounces back In 2010 Christies has announced sales figures of £3.3 billion or $5.0 billion for 2010. This is up 53% and a record for the world’s leading art business. The 245-year-old company now holds the record for the highest total recorded in the industry. The contemporary art market bounced back last […]