The UBS annual art market report released last week (6 December 2017) has recorded that despite high-profile sales; art collectors were largely driven by legacy and love, not investment and profit.
We now know that the Louvre Abu Dhabi is going to exhibit Leonardo Da Vinci’s “Salvator Mundi,” which sold last month in a Christie’s Contemporary sale in New York for a cool $450 million. However the identity of the buyer has remained a secret with speculation now focusing on the Abu Dhabi Royals as the purchaser.
MCH Group which owns and operates Art Basel has acquired a majority shareholding in Masterpiece London.
Highlights from what many have dubbed the sale to watch in 2018, the collection of Peggy and David Rockefeller has been revealed by Christie’s.
Last week, an India ink drawing of Tintin and his dog Snowy sold for almost $500,000 (£380,000) at auction in Paris.
The 30th Anniversary of the London Art Fair 2018 will be marked with a wide range of leading British and international galleries.
Speculation is rife following the $450.3m sale of Leonardo da Vinci’s “Salvatore Mundi. The painting, sold at Christie’s New York salesroom this week has become the most expensive work of art sold at auction to date.
A Leonardo da Vinci painting depicting Christ has become the world’s most expensive work of art sold at auction. The rediscovered masterpiece by the Renaissance master sold for a historic $450,312,500, superseding the previous world record for the most expensive work of art at auction.
14 November 2017
Christie’s autumn auction of impressionist and modern art in New York saw a painting by Vincent Van Gogh achieving $81.3 million kicking off what may prove to be a record season.
13 November 2017
So why is Salvator Mundi the last Leonardo Da Vinci painting in private hands up for sale in a Christie’s Post-War and Contemporary Art Evening Sale?
While Touring around Paris attending the 44th edition of FIAC at the Grand Palais, Zoltan Alexander encountered countless art exhibitions throughout the city.
25 October 2017
FIAC opened this year under an incredible Indian summer heat. One could see the clear blue sky through the glass roof of the magnificent 1900 Belle Époque Grand Palais. With 193 galleries from 30 countries, FIAC succeeded this year in getting back American collectors who had come in far fewer numbers last year.
25 October 2017
A testament to the exceptional eye of British painter Howard Hodgkin has been finalised when the kaleidoscope of exquisite objects that the artist so carefully drew together in his home, exceeded pre-sale expectations and sold for a combined total of £5,184,887 / $6,843,532 / €5,806,049
Two cut-outs by the Post Impressionist artist Henri Matisse ‘White Palm on Red’ and ‘Green Snail on Blue’, valued at $4.5 million are to be returned to the Heirs of the artist.
Leonardo da Vinci’s Salvator Mundi. Painted by one of the Renaissance greatest masters is to go under the hammer at Christie’s. Titled Salvator Mundi, it is one of fewer than 20 known paintings by Leonardo and the only one in private hands.
11 October 2017
Frieze London which closed on Sunday 8th October has brought together more than 160 galleries from 31 countries and driven strong sales across the fair and throughout the week.
Autumn Contemporary Art auction round-up, Autumn 2017
11 September 2017
Howard Hodgkin had an eye for the exceptional when it came to collecting. His personal taste resonates through his paintings, his ability to identify the extraordinary in unexpected places was deployed in his incessant hunt for art and objects of exquisite beauty.
A portrait by the British artist Francis Bacon which has not been seen in public for over 55 years is to be sold at Christie’s Post-War and Contemporary Art Evening Auction
Frieze London 2017 will present more than 160 leading galleries from across the world will showcase ambitious presentations by international emerging and established artists.
25 August 2017
Sotheby’s has unveiled the full contents of The Collection of Edward Albee, which will be offered in a dedicated auction in New York on 26 September 2017.
23 August 2017
Sotheby’s has taken the bold move to scrap buyer’s premium on all of its online-only auctions. The auction house has at the same time announced that it will raise its regular buyer’s premium
21 August 2017
Norman Rockwell’s “Tough Call,” an original study for his iconic cover for the Saturday Evening Post has sold for a staggering $1.6 million at an auction of high-end sports memorabilia held by Heritage Auctions in Dallas.
Two original drawings by the artist, Alberto Giacometti have been discovered in the inventory of a deceased English antique dealer. They are to go under the hammer at Cheffins in Cambridge, UK, with proceeds from the sale given to The Art Fund. The drawings were discovered amongst the collection of the late London based dealer, Eila Grahame.
9 August 2017
Christie’s Paris has announced that it will offer Photographs from the Thomas Koerfer Collection,” comprising 74 lots led by the emblematic Man Ray masterpiece, Noire et Blanche, MoMa’s formerly in the collection of Jacques Doucet. The sale will take place on November 9, during the Paris Photo Fair.
7 August 2017
Sotheby’s have reported their financial results for the second quarter and six months ending June 30, 2017. Last week shares soared ahead of the announcement.
29 July 2017
Christie’s first half year auction sales top £2.2bn ($2.8bn, up 14%), a 29% increase from the same period in 2016. Continued global demand and creative sale planning have helped to drive a rise in Overall sales were £2.35bn ($3bn, up 1%), an increase of 14% compared to £2.1bn in the first half of 2016.
6 July 2017
An important Important Work by the Artist George Frederic Watts is to be offered at Sotheby’s. This marks the Two-Hundredth Anniversary of Watt’s Birth.
What people choose to describe as ‘a masterpiece’ is usually pretty much a matter of context. On the whole, at this annual beanfeast for conspicuous consumers, you won’t find much in the way of graffiti art lurking around, though it’s just possible that you might be confronted with a work by Jean-Michel Basquiat now that he’s included in the pantheon of artists with multi-million dollar price tags.
London Art Week, summer 2017 gets underway today 30th June. This is mostly geared up to the ‘Old Masters’ and Blue Chip market which will be offering an array of special exhibitions hosted across more than forty of the capital’s galleries and three leading auction houses. There are also two major art fairs on during this corridor week. Masterpiece in Chelsea and Olympia in Kensington are worth a visit.
29 June 2017
Sotheby’s Contemporary Art Evening Sale has realised a very respectable £62.3 million / $79.8 million / €70.4 million total.