A major painting by the New York artist Jean-Michel Basquiat has sold at Sotheby’s for an unprecedented $110.5m (£85.4m).
17 May 2017
Sotheby’s New York Impressionist and Modern sale last night achieved $173 Million, despite an important early work by the Austrian master Egon Schiele being withdrawn at the last minute. Kazimir Malevich’s Suprematist painting Composition With Plane In Projection (1915). topped the sale.
Jean-Michel Basquiat’s ‘Untitled’ painting from 1982, a monumental canvas that has rarely been seen since it last appeared on the market in May 1984, is the centrepiece of Sotheby’s Contemporary Art sale in New York on the 18 May.
The auction was led by a record for pioneer of ‘light art’ Chris Levine as his strikingly modern portrait of Queen Elizabeth II tripled its pre-sale estimate to sell for £187,500 (£50,000-80,000).
6 March 2017
Gerald Scarfe (b. 1936) will be selling a chunk of his political cartoons at Sotheby’s in April. Over 130 drawings by this important caricaturist and cartoonist will go under the hammer.
14 February 2017
Sotheby’s is presenting their first sale of Erotica, 16 February. Timed just a few days after Valentine’s day the sale offers a range of art and decorative objects, all with erotic overtones. Across the centuries, art has always been intrinsically linked to expressions of passion and sensuality. The Erotic: Passion & Desire sale in London encompasses representations of love and sex from antiquity to the present day.
26 January 2017
An important painting by the German artist Gerhard Richter goes under the hammer for the first time in March 2017 at Sotheby’s London Evening sale of Contemporary Art.
Despite a week of political unease as America comes to terms with the reality of Donald Trump as President-elect, the market showed some strong sales. Christie’s New York held two major sales this week Post-war and contemporary and Impressionist and Modern Art.
Last night’s results for the Evening Sales of Impressionist & Modern Art in New York coupled with those in London this June, demonstrate there is strong demand for top-quality works at every price level,” said Simon Shaw, Co-Head of Sotheby’s Worldwide Impressionist & Modern Art Department.
The first part of the David Bowie art collection that went under the hammer at Sotheby’s yesterday (10 November) has achieved £24.3m ($30.5 m) with a painting by Jean-Michele Basquiat reaching £7 million.
Lord and Lady Attenborough’s Modern British art collection goes under the hammer November 2016, at Sotheby’s London. On 22 – 23 November, Sotheby’s Modern & Post-War British art sales will offer 37 works from their celebrated private collection, assembled with immense passion and a very distinctive eye.
From 1–10 November, the collection will be exhibited at Sotheby’s New Bond Street galleries in London, giving fans, collectors, art lovers and experts a once-in-a-lifetime opportunity to immerse themselves in the extraordinary range of objects that informed Bowie’s private world.
On 6 September Christie’s announced a rise in its buyer’s premium altering the percentage thresholds. Sotheby’s announced about a month later that they would also fall into line by raising their commission.
9 October 2016
Sotheby’s Frieze Week auction peaked with two lots selling for over £10m, a record result for an October contemporary auction in London. Alex Branczik, European Head of Contemporary Art said, “It’s clear that London remains at the heart of the global art market.” Jean-Michel Basquiat’s “Hannibal” became the most valuable work sold at auction in the capital this week, […]
Sotheby’s launches their first Modern and contemporary Irish art sale of the season. The annual sale in London on 13 September 2016 and at the Royal Hibernian Academy in Dublin from 1-4 September, contains over 70-lots which will be on public exhibition, prior to viewing in London. This year’s artists include: Sir John Lavery, Jack B. Yeats, Roderic O’Conor, Sir […]
Sotheby’s has made it out of the second quarter with a profit! It reported second-quarter net income, which amounted to $88.6 million. This is up compared to the $73.1 million recorded in the same quarter last year. It is a 21 percent increase. The art market remains in turmoil with Brexit fluctuations not yet accounted for in the year-end […]
The world’s leading museums are the focus of a new online platform developed by Sotheby’s which will promote video content created by many major institutions. The digital hub will be called Sotheby’s Museum Network and it will be featured prominently on Sothebys.com as well as Sotheby’s Apple TV channel. The museums in this network will include internationally-renowned public institutions, such as the […]
According to thierry Ehrmann, Artprice’s CEO, China has returned as the global art market leader. The comprehensive report released on Friday shows China had been expected to lose their ‘soft power’ dominance with the United States this year, but have returned to the global stage as leader, with a turnover up by more than $570 million. Another surprise […]
The mid-year reports from Christie’s has shown a 38% drop in sales illustrating a contraction in the buoyant art market. The Wall Street Journal released figures which pointed to an increase in sales of artworks in the $5 million-or-below range, but a slowdown in the $20 million and up categories resulting in a drop in overall sales figures, compared to […]
“Art was, seriously, the only thing I’d ever wanted to own. It has always been for me a stable nourishment. I use it. It can change the way I feel in the mornings. The same work can change me in different ways, depending on what I’m going through.” Bowie quoted in The New York Times, 1998 Bowie/Collector will be a […]
Sotheby’s evening sale of Impressionist & Modern Art in London has totalled £103,280,000 (est. £81.8 – 98.95m). Almost two thirds of the works offered in the sale had been off the market for over 30 years. Participation from 29 countries (slightly higher than June 2015 sale) Sell-through rate: 88.9% Pablo Picasso’s Cubist masterpiece Femme Assise achieved the highest bids eventually […]
Sotheby’s Modern & Post-War British Art Evening and Day Sales on 13 – 14 June 2016 achieved a combined total of £10,659,875 (est. £7,268,500-10,885,500), with a sell-through rate of 75.9% and half of the lots selling for above their high estimates. Showcasing a host of fresh-to-market and exciting works by some of Britain’s most sought-after artists, the […]
A monumental painting by Jean-Michel Basquiat and Andy Warhol, two enfants terribles of the art world, will be offered at auction from the collection of Elton John and David Furnish in Sotheby’s Paris Evening Sale of Contemporary Art. The two artists first met in a café in 1980, when Basquiat boldly approached Warhol – his idol who was then at the peak of his glory. […]
“There are signs that the contemporary art market is so cluttered with supposedly avant-gard rubbish that the pendulum is beginning to swing back to long despised Soviet and Satellite art”. Edward Lucie- Smith Sotheby’s London has announced a sale, “Contemporary East”, on 7th June. It will include works by many post-war artists from across Central and Eastern Europe, Russia and […]
A marble statue by the French sculptor Auguste Rodin has sold at Sotheby’s, New York for a record $20.4m (£14m). The Impressionist and Modern art sale had mixed results with only a 60% sell through rate, seeing winners like Claude Monet’s wife ‘Camille’ sold for $49.4m (£34m) and dismal results for Picasso where out of eight lots on […]
Sotheby’s London is to auction a complete portfolio consisting of 18 hand coloured lithographs of shoe designs by Andy Warhol – À la recherche du shoe perdu – together with Shoe and Leg, produced circa 1955. During a seven-year period, from 1953 to 1959, Warhol self-published a series of portfolios, books and individual prints. These were all offset lithographs, some […]
Melanie Clore, the highly respected Chairman of Sotheby’s Europe and one of the most experienced businesswomen and art experts working in the market today is to leave Sotheby’s after 35 years. Clore started at Sotheby’s on the front desk and worked her way up to running the company. Her highly successful specialist sales in the […]
Sotheby’s and Christie’s have both held their winter Impressionist and Modern sales this week reaffirming that the art market is still buoyant. Yesterday’s sale at Sotheby’s was topped by Pablo Picasso’s Tête de femme, a 1935 portrait of his greatest muse Marie-Thérèse Walter that sold for £18.9 million / $27.1 million. Helena Newman, Global Co-Head of Sotheby’s Impressionist […]
Sotheby’s London has announced their latest Impressionist, Modern & Surrealist Art Evening Sales to be held on 3rd February. Works by the most commercially sought-after artists including Claude Monet, Henri Matisse, Edgar Degas, Pablo Picasso, Auguste Rodin, Paul Delvaux and René Magritte, to name but a few, the 54 lots in the evening sales are estimated to fetch a combined […]
Sotheby’s London will be offering a painting that not only marks a pivotal moment in the career of Lucian Freud, but that also shines a spotlight on a fascinating but little-known moment in the artist’s life. While much has been written about many of Freud’s amorous liaisons, barely anything is known about his intense, and ultimately transformative, relationship with Bernadine Coverley. The […]