19 July 2012


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


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 […]

10 May 2012


Massive Money For Warhol & Ai Weiwei At Contemporary Art Auction

Sotheby’s contemporary art auction in New York last night saw massive sales of works by Andy Warhol, Francis Bacon, Roy Lichtenstein, and Ai Weiwei, with the latter two making record-breaking sums. Andy Warhol’s ‘Double Elvis’ silkscreen sold for a massive $37m (£23m), Roy Lichtenstein’s Sleeping Girl made $44.9m, while Ai Weiwei’s handmade porcelain Sunflower Seeds […]

3 May 2012


History Made As Edvard Munch Scream Blows Picasso Out Off The Water

So after all the hype, the auction of Edvard Munch’s ‘The Scream’ did not disappoint, selling for an incredible $119.9 million – the most expensive piece of art to ever sell at auction, smashing the previous record held by Picasso. With weeks of preparation and media frenzy, the sale boiled down to some quite humble […]

2 May 2012


Edvard Munch Scream Goes Under Hammer Tonight

Edvard Munch, the celebrated Norwegian Post-Impressionist, painted four versions of his now iconic ‘The Scream.’  This evening one will be auctioned by Sotheby’s and is expected to become one of the most expensive pieces of art sold at auction. Since being painted in 1895, ‘The Scream’ has had an interesting history.  Three of the four […]

13 April 2012


Sotheby’s Puts Munch Scream On View In London

 iconic masterpiece on display for one week at auction house The last privately owned rendition of Edvard Munch’s The Scream has gone on view in London at Sotheby’s for one week. It will go under the hammer in New York, on 2 May 2012 and is expected to fetch $80m or more. This could be […]

18 March 2012


Sotheby’s Axes James Murdoch From Board

Newspaper Executive Considered A Liability For Auction Giant It seems no self-respecting multinational wants James Murdoch sitting on their board of directors. The disgraced News Corp executive is considered too much of a liability for his role in the UK’s highest profile news paper, phone hacking scandal. On Friday Sotheby’s announced that he was to […]

3 March 2012


Andy Warhol’s The Scream Goes Under the Hammer In London

As the world awaits Edvard Munch’s Original to be sold in New York in May Sotheby’s London, biannual sale of Old Master, Modern and Contemporary Prints held on Thursday, 29 March 2012, is highlighting Andy Warhol’s rare version of “The Scream (After Munch). The print is illustrated on the cover of the sale showing just […]

21 February 2012


Iconic Munch’s The Scream Goes Under The Hammer

Sotheby’s New York set to break all auction records with masterpiece The ‘art establishment’ is holding its breath in anticipation, as the last privately owned rendition of Edvard Munch’s The Scream comes up for auction. It will go under the hammer in New York, on 2 May 2012 and is expected to fetch $80m or […]

6 February 2012


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


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 […]

1 January 2012


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


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 […]

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 […]

10 November 2011


Clyfford Still Leads Abstract Expressionist Revival

1949 Work sells for staggering $61 million At Sotheby’s in New York Sotheby’s New York has announced a record price achieved for the US Abstract Expressionist painter Clyfford Still. The work sold for a staggering f $61.7m ($38.8m) The piece titled  painting 1949-A-No 1 is a composition of jagged white splashes over red, grey and […]

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 […]

2 November 2011


Modigliani Stolen By Nazis In NY Court

Oscar Stettiner The grandson of a Jewish Parisian art dealer is demanding the return of a 25m dollar painting by the Franco-Italian Artist Amedeo Modigliani. He has filed for its return in the New York courts, with a lawsuit against the  Helly Nahmad Gallery, for the recovery of the masterpiece, which failed to sell at […]

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 […]

23 August 2011


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 […]

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 […]

15 April 2011


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 […]

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 […]

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 November 2010


Stuart Cary Welch Collection Of Islamic and Indian Art Offered By Sotheby’s

Sotheby’s has announced today the sale of works from the personal collection of Indian and Islamic Art acquired by the late American academic, Stuart Cary Welch. This renowned collector pioneered this area of art collecting as early as 1952. He was also a curator, scholar and gifted teacher. His contribution for over half a century […]