Art Market Archives - Page 9 of 21

Lucian Freud Daughter Portraits Reunited In Christie’s Contemporary Sale

Two Portraits by the English artist Lucian Freud’s depicting his daughters will be united in Christie’s Post-War and Contemporary Art Evening Auction on Thursday 11 February in London, King Street. Head of Esther (1982-83, estimate: £2,500,000 – 3,500,000) and Head of Ib (1983-84, estimate: £2,500,000 – 3,500,000) contribute to the strong core of British artists offered at auction this February, alongside […]

Pablo Picasso’s Granddaughter Marina Sells Off The Family Jewels

An extraordinary group of Pablo Picasso’s multi-faceted œuvre from the collection of the artist’s Granddaughter, Marina Picasso will go under the hammer in early February. It will offer an intimate glimpse into Picasso’s private world. The scope of the selection presented is truly remarkable, spanning every decade of the artist’s career and covering an eclectic variety of subjects and media. Picasso’s command over […]

Sotheby’s Acquires Art Advisory Company Managed By Amy Cappellazzo

After only a matter of months, Sotheby’s has announced that it has acquired, for around £50m dollars, the art advisory firm Art Agency, Partners (AAP), managed by former head of Contemporary Art at Christies, Amy Cappellazzo and Allan Schwartzman, and Adam Chinn. With this acquisition, Sotheby’s, takes a decisive step toward implementing the strategy outlined by President and Chief […]

Basquiat Masterpiece Sold At Christie’s For £25m Remains Uncollected By Buyer

The sale of a £25m/$37.1 m painting by Jean-Michel Basquiat at Christie’s, New York, on 13 May this year has led to a commercial statement to be filed in New York. The Field Next to the Other Road created in (1981), was consigned by the dealer Tony Shafrazi to Christie’s auctioneers for their Post-War and Contemporary evening sale The winning bidder […]

Vasudeo S Gaitonde Shatters Contemporary Indian Art Auction Record

Christie’s has recorded the highest total sales figures for an auction in India. Their third sale totalled INR 97,69,90,000 / $14.7million, well above the pre-sale high estimate of INR 75,06,30,000 becoming the highest total for any auction held in India. 95% of the lots sold, in line with the results of the previous annual auctions. Strong bidding […]

Pulse Cements Position As A Leading Art Basel Miami Satellite Fair

Pulse one of the leading satellite fairs which takes place each year during Art Basel Miami Beach week closed its eleventh edition with a marathon of sales, consistent crowds and engaging programming. This has been an exciting Miami Art Week and the PULSE Contemporary Art Fair cemented its position as a “must-see” event on the jam-packed art calendar. Closing […]

Art Basel Miami Sales Report 2015 The Winners And The Losers

It has been another fabulous year for Art Basel Miami Beach with strong sales and a record number of visitors to the Miami Convention Centre event, as well as Untitled, Art Miami, NADA and Pulse. The fairs which opened early in the week saw the opening party held outside the Bass Museum despite some rather unusual turns of […]

Christie’s Reports $1 Billion Week With 14 World Auction Records Achieved

Christieʼs last week achieved over a billion dollars in sales from a single week of auctions. This followed the success of their May sale season. Major records were set as collectors from nearly 50 countries bid for rare works by Amedeo Modigliani, Roy Lichtenstein and Lucio Fontana, setting new auction record prices for these 20th century masters. Distinguished provenances continue […]

Henry Moore: Unknown Drawing Offered At Bonhams Modern British Art Sale

In 1952, the world famous artist Henry Moore was invited to provide a design as part of a Christmas fundraising project for a new charity. The artist’s contribution, Madonna and Child, was used on mail labels during the festive period to raise awareness for the National Fund for Research into Poliomyelitis & Other Crippling Diseases […]

Cy Twombly Blackboard Canvas Achieves Record Breaking Price At Sotheby’s

A canvas by the American Abstractionist Cy Twombly has set a $70.5 million auction record for the artist. The “blackboard” painting, Untitled (New York City), 1968, was the highpoint of the Contemporary evening sale at Sotheby’s, which also saw records smashed for artists such as Mike Kelley. The sale total totalled $254–$313.7 million with 44 of 54 works, 82%, finding buyers. The sales […]

Amedeo Modigliani Becomes The Second Most Expensive Artist At Auction

Christie’s has achieved several record prices for artists at their auction in New York last night. The highest prices were for Amedeo Modigliani and Roy Lichtenstein, with the hammer falling at $170.4 million and $95.37 million. Modigliani’s “Nu Couche” created in 1917-18 was the star lot on the evening. It was the first time the painting has ever been […]

Picasso Blue Period Painting Achieves Record Price At Sotheby’s

A record price has been achieved for a blue period Picasso at Sotheby’s in New York. La Gommeuse, painted in Paris in 1901, sold for $67.5m (£45m) at Sotheby’s, as the highlight of their Impressionist & Modern sale. The painting which depicts a cabaret artist, had a second painting on the reverse of the canvas showing an erotic image […]

Alfred Taubman Collection Scrapes Over The Low Estimate At Sotheby’s

Sotheby’s New York started off the Autumn auction season yesterday in style by selling $377 of art once owned by billionaire and former Sotheby’s owner Alfred Taubman There were eye watering bids from the usual suspects in America, Asia and Europe. The 77 lots included bluechip works by Picasso, Degas, Monet and Modigliani. The Taubman collection was […]

The New Raj: The Rise Of Indian Artists And Their Collectors

As an art adviser and avid collector, I keep my ears perked for rumblings of what’s trending and ‘what’s new’ in the market. With that in mind, I attended a panel discussion last week in NY at Christies on the subject of Contemporary Indian Art. The event was co sponsored by Barron’s Penta magazine editor Richard […]

Phillips Frieze London 2015 Auctions Total £37.9 million

The ‘Frieze Week’ auctions at Phillips totalled £38,522,675 / $58,694,880 / €51,305,365 selling 99% by value and 86% by lot. “We are very pleased with tonight’s results,” said Peter Sumner, Head of the Contemporary Art, London of the Contemporary Art Evening Sale. “We sold 100% of our lots to a broad array of buyers. The […]

Sigmar Polke Estate To Be Represented By New York Gallerist David Zwirner

David Zwirner has announced the gallery’s exclusive worldwide representation of The Estate of Sigmar Polke. Sigmar Polke (German, 1941-2010) is considered to be one of the most significant and influential artists of the postwar era. His work was recently the subject of a critically acclaimed traveling retrospective that was held in 2014-2015 at The Museum of Modern […]

Picasso’s Blue Period Angel Backed With Erotica Goes Under The Hammer

An excellent example of Picasso’s Blue Period work will be offered in Sotheby’s New York Impressionist and Modern Evening Sale on 5th November. La Gommeuse, painted in 1901 is thought to carry an estimate of around £60m. The work comes from the exceptional collection of William I. Koch, an American entrepreneur, collector and America’s Cup winner. Picasso […]

Christie’s Post War And Contemporary Evening Auction Includes Frieze Week Favourites

This October 2015, Christie’s will bring together an international selection of over 300 artists to headline the Frieze Week auctions of Post-War and Contemporary Art. A strong line up of some of the most exciting painters working today will form a core of the Post War and Contemporary Art Evening Auction. Led by Peter Doig’s […]

Constable’s Masterpiece The Lock To Be Offered At Sotheby’s

On 9th December this year, Sotheby’s London will offer for sale John Constable’s The Lock – one of the small group of monumental landscapes, known as the ‘Six Footers’, which for many define the pinnacle of the artist’s career. Depicting a bucolic scene on the River Stour in the artist’s native Suffolk, and painted in […]

Edvard Munch To lead Sotheby’s Prints & Multiples Auction In London

The motif of Edvard Munch’s The Girls on the Bridge has been widely recognised as one of the artist’s most celebrated, from its first unveiling in 1901. As was often the case with his successful works that he did not like to part from, Munch went on to produce several versions of The Girls on […]

Fontana Masterpiece To lead London’s Frieze Week Sales

Sotheby’s Frieze week sales in London will be led by one of the greatest works of post-war Italian art ever to appear at auction: Lucio Fontana’s Concetto Spaziale, La Fine di Dio (The End of God), 1963. Never previously offered at auction and last exhibited over 30 years ago, Fontana’s masterpiece is estimated at a […]

Banksy’s ‘Donkey Documents’ Has First Public UK Display

The owner of the original building was bemused when people crowded round his wall. But art aficionados had spotted Banksy’s signature alert on his website of his latest work, ’Donkey Documents’. Banksy created it in 2007 with an aerosol can, as part of a series of works of art along the concrete barrier separating the […]

Painting That Raised Money For Nelson Mandela’s Defence Makes £840,000 At Bonhams

The painting Arab in Black by South Africa’s leading artist, Irma Stern, sold at Bonhams sale of South African Art in London on 9 September for £842,500 (R17.5m). It is the most expensive South African painting sold this year. Bonhams Head of South African Art, Hannah O’Leary said, “This powerful image from Stern’s highly regarded […]

Helene Schjerfbeck: Three Realist Works To Be Offered By Sotheby’s

Helene Schjerfbeck – one of the most important and renowned artists of the entire Nordic region – was famously reticent in her lifetime, paying little interest to her public profile. Encouraged by her supporters to engage in actively promoting and exhibiting her work in her native Finland, Schjerfbeck went on to exhibit more widely in […]

A. Alfred Taubman’s $500m Art Collection To Be Sold At Sotheby’s

The disgraced Collector and former owner of Sotheby’s, A. Alfred Taubman’s art collection will be sold in a series of dedicated auctions beginning this autumn in New York*. The outstanding collection, which comprises more than 500 works stretching from antiquity to contemporary art, is valued in excess of $500 million, making it the most valuable private collection ever offered at […]

First Sotheby’s Now Phillips Announces eBay Partnership

eBay and Phillips have announced a new partnership that unites the world’s most vibrant online marketplace with the contemporary art and design-focused international auction house. Through eBay’s live auctions platform, online buyers will gain access to Phillips highly regarded 20th Century and Contemporary Art, Design, Photographs, Editions, and Watches and Jewelry auctions. Over the next year, Phillips will offer […]

Ten Years Of First Open Contemporary Art Sale At Christie’s

Since its launch ten years ago in March 2005 in New York, Christie’s First Open sales have become a fixture on the global contemporary art circuit, providing the perfect venue for new and seasoned collectors to discover emerging artists and to explore lesser-known works by well-established names. The September First Open sale includes 370 paintings, drawings […]

Sotheby’s To Launch Full Scale Operation In Mumbai India

Robin Woodhead, Chairman of Sotheby’s International, has announced the strategic appointments in the Company’s Indian business and the opening of an office in Mumbai, India. Edward Gibbs has been appointed Chairman of Sotheby’s India, Middle East and North Africa and Priyanka Mathew has been appointed Regional Director, Sotheby’s India. The move demonstrates the company’s commitment to providing […]

The Simpsons Creator Samuel Simon Collection To Be Sold At Sotheby’s

Sotheby’s is offering fine art and memorabilia from the personal collection of creative genius and television legend Samuel “Sam” Simon (1955-2015) across a series of auctions in New York through 2015. While widely known and celebrated as the co-creator of The Simpsons, showrunner on Taxi, and a writer/producer/director on countless pop culture icons of the small screen, Sam Simon’s […]

Third Made in Britain Auction Announced For Sotheby’s

The forthcoming Made in Britain auction has been announced by Sotheby’s. It is the third edition of a sale uniquely dedicated to celebrating the diversity and creativity of British art from 1900 to the present day, across Fine Art, Prints, Sculpture, Photography, Studio Ceramics, and Design. The sale encompasses almost 400 striking artworks illustrating the very significant role that […]

Sotheby’s Announces £2.3 Billion Second Quarter Earnings For 2015

Sotheby’s has announced second quarter 2015 earnings. Tad Smith, President and Chief Executive Officer, and Patrick McClymont, Chief Financial Officer, revealed the company’s results followed by a question and answer period and journalists. Sotheby’s Consolidated Sales as of July 1, 2015 has totalled : $3.7 Billion, up 5%. Contemporary Art: Sotheby’s global auction sales of Contemporary Art increased 18% […]

US Overtakes China As Leading Auction Marketplace For Art

The United States has again overtaken China as the world’s leading marketplace for art at auction. After a record 2015 the US showed growth due to the sale of major works by Picasso, Giacometti, Monet and Warhol. There was a 20 percent growth in the first six months of 2015, with sales totalling £1.79 billion $2.8 billion (2.5 […]