2 July 2013

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Monumental Ben Nicholson Painting Leads Sotheby’s Summer Post-War British Art Sale

A monumental painting by British artist  Ben Nicholson’s will lead Sotheby’s  Evening Sale of Modern & Post-War British Art on 11th July 2013. The canvas (Mycenae-axe-blue) was a highlight of the Tate’s celebrated 1964 exhibition Painting & Sculpture of a Decade, 54-64, this magisterial abstract work is on the scale of his Festival of Britain […]

6 May 2013

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Jean-Michel Basquiat Masterpieces On Sale In Sotheby’s Selling Exhibition

Sotheby’s is presenting a major selling exhibition of works by Jean-Michel Basquiat. Featuring over 30 works, the exhibition showcases several seminal pieces in a variety of mediums and from a range of important dates in the artist’s oeuvre. The carefully curated grouping explores the key themes Basquiat grappled with during his career and the variety […]

5 May 2013

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Is This Painting By Barnett Newman Really Worth $30-40 Million?

A painting by the seminal American Abstract Expressionist painter Barnett Newman goes under the hammer at Sotheby’s Contemporary Art Evening Sale on 14 May 2013 in New York. The painting is considered one the most important painting produced by Newman ever to appear at auction. Onement VI from 1953 stands as a masterwork not only […]

4 May 2013

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Marina Picasso To Auction Two Picasso Masterpieces For Children’s Charity

Marina Picasso is to sell two paintings by Picasso from her personal collection at Sotheby’s Impressionist & Modern Art Sale in Paris on June 6. The sale will be held to profit the noble causes supported by Marina Picasso – specifically to benefit children and adolescents in difficulty – in line with the numerous acts […]

5 April 2013

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Madonna Donates $6m Fernand Leger Painting To Education Charity

The singer Madonna has donated a 1921 Cubist masterpiece by the French painter Fernand Leger to a charity in support of education for girls in Afghanistan and Pakistan. The painting “Trois femmes a la table rouge,” which carries an estimate of $5-7 million, will go on sale at Sotheby’s in New York on 7 May. […]

2 April 2013

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Gerhard Richter’s Monumental Domplatz Painting Auctioned At Sotheby’s

Sotheby’s will auction a 20th century masterwork by Gerhard Richter on 14 May 2013 as one of the highlights of the spring Contemporary Art Evening Auction. The painting titled, “Domplatz, Mailand” which carries an estimate of $30/40 million was a commission work executed for the electronics giant Siemens Elettra. The Brief was to produce a […]

13 March 2013

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Damien Hirst Fakes: Miami Pastor Accused of Art Fraud

Kevin Sutherland, the Paster of a Miami based church was charged with art fraud, last week, in a New York State Supreme Court in Manhattan. He pleaded not guilty to one single count of second degree attempted larceny. The announcement came from the office of Manhattan District Attorney Cyrus R. Vance, Jr. who recorded that […]

13 February 2013

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Is China Still The Global Market Leader For Art Sales?

We reported a year ago that the global art market had recovered from the financial crisis with both confidence and prices continuing to rise. The main growth centres were the Asian market, particularly Beijing and Hong Kong. As we come up to the release of figures in March for the 2012 period, we have to […]

6 February 2013

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Picasso Potboiler: Marie Therese Portrait Sells For £28m In London

A portrait by Picasso’s of Marie-Therese Walter, has been sold at Sotheby’s London for £28.6m. Painted in 1932 the work titled, “Femme Assise Pres d’une Fenetre” (Woman Sitting Near a Window), was considered by Sotheby’s to be a highlight in Tuesday night’s auction.Picasso was 45 years old when he met his young mistress by chance […]

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 […]

13 December 2012

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Mick Jagger Billet-Doux To Marsha Hunt Breaks Rolling Stones Auction Record

A series of letters posted by the lead singer of the Rolling Stones, Mick Jagger to his secret lover in the summer of 1969 has sold for a record  £187,250  at a London auction on Wednesday. This nearly doubled the pre-sale estimate of the lot. They were purchased by a private collector over the telephone […]

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 […]

6 October 2012

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Original Sgt Pepper’s Peter Blake Collage On Sale At Sotheby’s

Sotheby’s London are offering an original collage created by the Pop artist Sir Peter Blake in their 13th November sale. The work of art is familiar to millions of music fans around the world. It is the original 1967 insert for The Beatles’ legendary Sgt Pepper’s Lonely Hearts Club Band, one of the best-selling albums […]

7 September 2012

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Sculptor Barry Flanagan Features At Chatsworth House Sotheby’s Exhibition

This years Chatsworth House exhibition mounted by auctioneer’s Sotheby’s will feature several works by the iconic British sculptor Barry Flanagan. The annual selling exhibition of monumental sculpture, ‘Beyond Limits’, staged in the historic grounds of this stately home, will be on view from 7th September to 28th October 2012. Now in its seventh year, for […]

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 […]

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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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

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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

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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

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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

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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

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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

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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

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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

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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 […]

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 […]

18 November 2011

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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

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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

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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

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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 […]