This is the lesson that can be gleaned from the meteoric rise of the young Buffalo - born artist Jacob Kassay, who beginning in 2010 saw his shiny monochrome canvases — made with a chemical process that gives them a dirty - mirror - like sheen — become the status symbol for emerging - art collections, leapfrogging past one
auction estimate after another by wild multiples.
Not exact matches
Most forecasts for Fonterra Cooperative Group's [NZX: FCG] payout to New Zealand farmers this season remain below the company's
estimate even
after prices advanced at the GlobalDairyTrade
auction overnight, suggesting analysts expect a cut to its forecast.
Her tender and technically innovative acrylic - and transfer - on - paper scene of embracing lovers sold for $ 1.1 million
after competition among about six bidders, a high for the artist at
auction and more than three times the high
estimate of $ 300,000.
Christie's
auction on Tuesday night did nearly as well, bringing $ 160.3 million,
after an
estimate of $ 129.9 million to $ 182.4 million.
TRACEY EMIN EXORCISM OF THE LAST PAINTING I EVER MADE Following the success of Tracey Emin's iconic My Bed, 1998, which achieved a world record price at
auction quadrupling its pre-sale
estimate to realise # 2,546,500 / $ 4,351,969 / $ 3,178,032 (
estimate: # 800,000 - 1,200,000) in July 2014, Exorcism of the Last Painting I Ever Made, 1996 (
estimate: # 600,000 — 800,000, illustrated left), documents a seminal moment of breakthrough within the artist's oeuvre, witnessing an impassioned re-engagement with her painting and drawing practice
after a six - year hiatus.
After the last paddle - holders snuggled into their seats, the
auction began with a run of work by artists rare to
auction, like Adam Pendleton and Philippe Parreno, who scored hammer prices well beyond their high
estimates, notching
auction records as well.
And then, even though a disconcerting majority of the
auction brass on the rostrum declined to even pick up their phone to talk to bidders on the Twombly, specialist Bame Fierro March came in at # 5.2 million, causing the Nahmads to come in at # 5.3 million, and
after another man next to him came in, March had to go to # 5.55 million, right about the low
estimate, securing the sale.
On the heels of her powerful solo exhibition, The W Axis (covered), as well as a blowout result at a recent charity
auction where one of her much sought
after Fold paintings reportedly sold for nearly 10x the
estimate, the scalding hot contemporary artist has condensed her methodical -LSB-...]
In the months following the news that White Cube would show his work, one of Park's sought
after, Twombly-esque Ecriture paintings from the 1970s smashed the artist's
auction record selling at Christie's in Hong Kong for a multiple -
estimate $ 1.2 million.
But in the same
auction at Christie's five days
after the Biennial opening, where Taylor's painting set a record, a painting by Hughes also sailed past its high
estimate of $ 7,000, selling for $ 40,000.
Other highlights included Lynette Yiadom Boakye's The Hours Behind You, 2011, which set a new record for the artist
after it sold for $ 1.58 million, nearly four times its high
estimate; Roy Lichtenstein's Female Head, 1977, which netted $ 24.5 million; and a Laura Owens work, which shattered her previous
auction record of $ 336,500, securing $ 1.75 million.
As of late, most Picassos at
auction have been from either before or
after the Mediterranean years, and only just making their presale
estimated prices.
The
estimated value of this
auction is $ 100,000, but it is already up to $ 125,000
after 16 bids — and it's likely to rise a lot higher over the course of the next nine days.
«We need to come up with an
after - renovation value, an
estimated construction budget and a maximum bid price by the day of the
auction,» he says.