4 February 2013

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Goodbye Haunch of Venison Christie’s Shuts International Gallery Brand

Christie’s International have announced the closure of its Haunch of Venison galleries. The struggling operation, Christie’s first undertaking (in its 240 years) of a primary market gallery, will now close in March with several redundancies. It is thought that the loss making gallery will shut so that Christies can concentrate on their lucrative private sales […]

3 February 2013

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London Art Auctions Forecast Half Billion Sales In February

Over half a billion in Art goes under the hammer in London this month with the launch of Christies, Sothebys and Phillips February Impressionist/Modern and Contemporary Art Evening Sales. Christies features exceptional works by artists such as Amedeo Modigliani, Pablo Picasso, Wassily Kandinsky, Henri Matisse, Maurice de Vlaminck and Pierre-Auguste Renoir to name just a […]

29 November 2012

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Turner prize Artist Douglas Gordon Sculpture Stolen From Christie’s

A Solid gold sculpture by the Turner Prize winning artist  Douglas Gordon  valued at £500,000 has been stolen from a Christie’s storage facility in London. The sculpture titled Left Hand and Right Hand Have Left One Another,Created in 2007, disappeared from Christie’s sometime on 28th November. It is  made from solid gold, and has an […]

16 November 2012

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Jeff Koons Deflated Tulip Balloon Sculpture Sells For £21 Million

Jeff Koons clumsy sculpture titled Tulip, which sat outside New York’s Rockefeller Center, for the viewing of Christie’s latest Contemporary art sale has sold for an artist record of $33.7m (£21.2m). Created between 1995-2004, the tinted stainless steel sculpture is one of five versions of the work in existence. The piece is a photorealist rendition […]

12 November 2012

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The Art Market: Unregulated Unscrupulous And Worth Billions

“Apart from drugs, art is the biggest unregulated market in the world;” declared art critic Robert Hughes at the start of his 2008 documentary Mona Lisa’s Curse. In an opinion piece for the New York Times, former Wall Street banker William Cohan described the art market as “utterly unregulated” and “a very dangerous place, populated […]

8 October 2012

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Tower Hamlets Henry Moore Sold To Pay Front-line Services

Tower Hamlets Council are to sell off an important Henry Moore sculpture in order to pay for front-line services. it was decided that it could no longer keep the sculpture safe from scrap metal thieves, on council property. Draped Seated Woman was valued at at least £17m earlier this year. The council said the rising […]

6 September 2012

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Tapping Into The Autumn 2012 Auction Pipeline – ArtLyst Preview

The art market has continued to grow at rates far above other investment sectors. This has created a lucrative return for the major auction houses, Christie’s, Sotheby’s, Bonham’s and Phillips de Pury. Not only has the contemporary art market continued to remain buoyant, in the face of global financial crisis, but some works have actually […]

6 September 2012

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Andy Warhol Foundation Strikes Exclusive Partnership Deal With Christie’s

The Andy Warhol Foundation for the Visual Arts and Christie’s have struck a partnership deal for all future sales of Andy Warhol’s work from its vast collection. The foundation recognises that the arts community needs its support now more than ever, as they seek to significantly increase their endowment in order to ensure and expand […]

23 July 2012

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Christie’s Announces Final Summer Auctions and Autumn Line-Up

Christie’s is constantly reinventing itself. Given the fact that the art market has not suffered greatly from the financial crisis, their miraculous twists and turns of late have been received with great praise also providing a healthy profit for the legendary auction house. Recently the company has announced what it has in store for the […]

19 July 2012

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Christie’s And Sotheby’s Report Record Half Year Figures

In the first half of 2012 leading auction houses Christie’s and Sotheby’s show conflicting views on the state of the market.  Despite the record-breaking sale of Munch’s “The Scream” Sotheby’s is posting a 15.8% decrease in sales from the similar period last year.  Christie’s, however, is boasting an 11.2% increase. For Christie’s, this first-half has […]

1 July 2012

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Isabella Blow foundation Christie’s Sale Exceeds All Expectations

The sale of the Daphne Guinness Collection has proven that the art market appears immune from the financial collapse that the rest of the world is steadily creeping towards. Auction houses around London and the UK are exceeding and setting global records across the contemporary art spectrum. The irrepressible  Christie’s has achieved record sales again […]

1 July 2012

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Contemporary Art Auctions A Case For Recession Proof Investment

As the Summer auction and fair season winds up and galleries mount their group shows, a mainstay of the art calendar Jack Castle takes a look at the staggering results from three of the major sales rooms. The very special place in art history and unique nature of works such as the Francis Bacon, Study […]

26 April 2012

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Super Rich Viktor Vekselberg Sues Christies For Fake Painting

Russian oilman and art collector Viktor Vekselberg is demanding a £1.7 million refund from auction house Christies. Vekselberg – worth over £7billion and the 64th richest person in the world – believes that he was sold a fake painting and is taking the case to the High Court. The painting in question is entitled as […]

14 April 2012

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Helmut Newton David Lachapelle & Andy Warhol Headline Sale

Christie’s to hold a Modern Photography auction peddling iconic works by key photographers such as Helmut Newton, Irving Penn and David Lachapelle Christie’s describe the sale as ‘an opportunity to acquire some of the most important works of the history of photography, with works by 19th century masters, and a strong focus on post-war and […]

22 March 2012

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ARTS COUNCIL COLLECTION PARTNERS WITH REGIONAL MUSEUMS

 FOUR REGIONAL MUSEUMS SUPPORTED BY CHRISTIE’S ANNOUNCED The Arts Council Collection, one of the largest loan collections of modern and contemporary British art in the world,have announced a partnership supported by Christie’s,along with four regional museums. During the four-year scheme, the partner museums – Birmingham Museums and Art Gallery, Leeds Museums & Galleries, Manchester Art Gallery […]

16 February 2012

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Big Bucks For Francis Bacon And Lucian Freud At Christies

Francis Bacon’s 1963 Portrait of Henrietta Moraes sold for nearly £20 million, while newly discovered Freud drawing doubles pre-sale estimate at a Christie’s sale of post-war and contemporary art The painting was described in the catalogue as ‘the most seductive painting of a female figure ever realised by Francis Bacon’. Strangely, Christie’s had declined to […]

10 February 2012

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Liz Taylor Van Gogh Sees Collection Sale Make Massive $183 Million

Three paintings from the Hollywood star Liz Taylor’s collection have sold for nearly £14million at auction. The three works, by some of the biggest names in art history – Van Gogh, Edgar Degas and Claude Pissarro – fetched an incredible  £13,787,750 at a Christie’s sale – smashing the paltry pre-sale estimate of £6.2million. Unsurprising, the […]

6 February 2012

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Super Rich Keep Sotheby’s and Christie’s Afloat

Christie’s and Sotheby’s report booming business thanks to patronage of the super rich, with Ten Richest Clients Responsible For 10% Of Art Auction Revenue It may appear bizarre that, in the midst of such turbulent economic times, business at auction houses Christie’s and Sotheby’s is booming. Christie’s, for instance, has announced sales of £3.6bn – […]

1 February 2012

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Christie’s And Sotheby’s Defy Resale Tax With Massive Sales

Artist’s resale royalty charge as yet fails to dent auction house prospects In the face of the January enactment of the artist’s resale royalty charge, London’s auction houses have lined up a killer set of Impressionist, Modern and Contemporary art sales that could total an incredible £562 million. If achieved, this would be one of […]

25 January 2012

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Elizabeth Taylor Frans Hals Goes Under The Hammer

Portrait Realises £1.4 GBP at Christies Auction on 25 January A portrait from the 17th century which once graced the home of Hollywood legend Elizabeth Taylor and authenticated as a genuine Frans Hals, goes under the hammer at Christie’s New York,today. “Portrait of a Man,” painted in the early 1630s is offered in their sale […]

1 January 2012

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UK Droit de Suite Comes Into Law

Do blue chip artists need more money? Emerging artists this Law excludes you! In case you took your eye off the ball, while everyone was popping their Champagne or Prosecco corks at midnight 2012, the EU Droit de Suite Artist’s Resale rights came into effect, here in Britain. This is perhaps the most detrimental law, […]

30 December 2011

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Warhol Proves Cash Cow In $10bn Art Boom

Art Market Reports $10.6bn Record For 2011 Market uncertainty and global instability has led to the biggest grossing year ever, for sales of art at auction. Auction house pre Christmas results have recorded a total of £6.8bn GBP or $10.6bn for this year. This was up on last year’s $9.5bn.  China, was the largest growth […]

17 November 2011

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Lowry Piccadilly Circus Just Misses Goal

Painting of Piccadilly Circus by L.S. Lowry sells for £5.6 million but falls short of breaking record set by ‘The Football Match’ L.S Lowry’s much talked-about 1960 painting of Piccadilly Circus sold last night at Christie’s for £5.6 million; whilst this was an undeniably good result, it fell slightly short of its high estimate – […]

17 November 2011

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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 […]

12 November 2011

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Andreas Gursky Goes Through The Roof

£2.7m Record price for Andreas Gursky’s photo A photograph of the Rhine river by German artist Andreas Gursky created in 1999 has sold at auction for a record $4.3 million at Christie’s  New York. This now becomes the most expensive photograph in the world overtaking lasts years record achieved by the American photographer Cindy Sherman.”Untitled,” […]

9 November 2011

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Warhol and Lichtenstein See Christie’s Reversal Of Fortune

  $247.6m sale total at Christie’s makes up for last week’s auction in which even work by Degas failed to find a buyer We speculated yesterday that the lukewarm contemporary sale at Phillips De Pury was perhaps attributable to buyers guarding their purse strings in anticipation of bigger sales at rival houses later in the […]

2 November 2011

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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 […]

15 October 2011

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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 […]

23 August 2011

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Sotheby’s Gets Stills Christie’s Gets Nil

Clyfford Still paintings to go to Sotheby’s –  Christie’s lobbies Denver to overturn decision Christie’s is fuming, as arch-rivals Sotheby’s have secured the sale of four works by the seminal Abstract Expressionist painter Clifford Still.  Three date from the late 1940s  and one was painted in the seventies. The proceeds will go towards the Still […]

28 June 2011

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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 […]

25 May 2011

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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 […]

15 April 2011

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Chinese Art Market In Danger Of Crash

The reported 10 billion dollar market for Chinese art is in danger of crashing after auction houses around the world clamp down on non-payers. The practice is rife and the trust or gentleman’s agreement which has been practiced by auction houses in the western hemisphere  for generations is about to be reevaluated. This year saw […]