The $ 744.9 million total of Tuesday evening's sale represents the highest total for a single
auction in art market history.
One of the most famous
auctions in art market history is the Scull sale that took place at Sotheby's Parke Bernet on Ocotber 18, 1973 as Taxi magnate and collector Robert Scull liquidated his Contemporary art collection to shouted bids and hails of protest.
Not exact matches
Jing Daily looks at the intersection of luxury and culture
in China: the
ins and outs of business development there with an eye toward the upscale consumer
market, as well as the business of culture — from
auctions, museums, and contemporary
art to performance, public events, and more.
Experts expressed oncern that short - term investors and speculators are boosting
art prices
in the
market, especially among the upcoming young artists that have seen significant success at
auctions in 2013 and first half of 2014.
«It's even impacted the
art market,» said Jack Ablin, chief investment officer with BMO Private Bank
in Chicago, citing the
auction sale this spring of a Picasso painting for a whopping $ 179 million.
Despite a decline
in volume from a year ago and totals that were a fraction of what they were at the peak of the
art market boom, the London auctions of Postwar and contemporary art, which coincided with the annual Frieze Art Fair, held Oct. 15 — 18, were surprisingly upbeat and showed confidence in the contemporary market, observers sa
art market boom, the London
auctions of Postwar and contemporary
art, which coincided with the annual Frieze Art Fair, held Oct. 15 — 18, were surprisingly upbeat and showed confidence in the contemporary market, observers sa
art, which coincided with the annual Frieze
Art Fair, held Oct. 15 — 18, were surprisingly upbeat and showed confidence in the contemporary market, observers sa
Art Fair, held Oct. 15 — 18, were surprisingly upbeat and showed confidence
in the contemporary
market, observers said.
NEW YORK — Several works
in the 19th - century European paintings sales garnered strong prices at a typically quiet
auction -
market period that stretches from the end of the major, early, May New York
auctions to the start of the London Impressionist, modern and contemporary
art auctions each June.
Following the years of war - time austerity and slow post-war recovery, it was not until the 1950's that the growth
in London's
art galleries and
auction houses began to rival those of Paris and shift the focus of the European
market for modern
art to the British capital.
After 16 sales,
in your observation, what affect have Swann
auctions had on the African American
art market?
We expect the works on offer
in July to follow recent trends, affirming the position of these artists as some of the most innovative and influential names on the international Contemporary
Art auction market today.
Chinese
Art Spending Has Really Plummeted — A study commissioned by the European Fine Art Foundation and compiled by the widely respected Clare McAndrew, founder of the Arts Economics consulting firm, estimates that art sales in China fell by 24 percent in 2012, with Chinese auction sales falling even further, dropping 30 percent and back into second place behind the United States in the art - market rankin
Art Spending Has Really Plummeted — A study commissioned by the European Fine
Art Foundation and compiled by the widely respected Clare McAndrew, founder of the Arts Economics consulting firm, estimates that art sales in China fell by 24 percent in 2012, with Chinese auction sales falling even further, dropping 30 percent and back into second place behind the United States in the art - market rankin
Art Foundation and compiled by the widely respected Clare McAndrew, founder of the
Arts Economics consulting firm, estimates that
art sales in China fell by 24 percent in 2012, with Chinese auction sales falling even further, dropping 30 percent and back into second place behind the United States in the art - market rankin
art sales
in China fell by 24 percent
in 2012, with Chinese
auction sales falling even further, dropping 30 percent and back into second place behind the United States
in the
art - market rankin
art -
market rankings.
«When Robert Indiana debuted his «Love» artworks at Manhattan's Stable Gallery
in 1966, the artist was already enjoying critical and
market success as a member of the...» -
Art Auction
In today's overheated
art market smaller and less significant works are increasingly being
auctioned to a growing audience.
I'm confident we'll see a tremendous year for women artists at the very top of the
art market, building on recent outstanding results such as the remarkable Jenny Saville canvas that captivated the room at our contemporary
auction in London last June.
There is much unrest
in the
auction world as competition for
market share of the $ 65 billion or so global
art market continues to intensify.
Shiner, who has been at the helm of the Warhol Museum since 2008, has described the move from museum to
auction house as a «natural transition»: «There's much more porosity
in the
art world now between the
market, the collector base, galleries and the nonprofit world of museums,» he said.
The upcoming season of
art auctions in New York presents two standout
market features that stray from the norm.
Although Sotheby's is a
market leader
in Impressionist and Modern painting, its contemporary
art auction fetched just $ 343.6 million — less than half of what Christie's took
in the following evening.
As a specialist, he is especially committed to Southeast Asian Modern
Art, having been involved
in numerous successes, including sale of the Joe Borkin collection of Affandi's for $ 2,870,000 and a new world
auction record for a work by Rudolf Bonnet, A
Market Scene which fetched $ 996,000.
Previously as the Head of the New York Evening sales, the Post-war and Contemporary department grew significantly and under his direction the team produced five consecutive world records for the highest totals for an
auction sale
in art market history.
His experiences
in both commercial galleries and the
auction house give him keen insight into the complexities of the
art market and this wide perspective has gained him the trust of international collectors.
Martha Baer has led the Contemporary
auction market through remarkable growth since joining Christie's
in 1978, following her directorship at Acquavella Contemporary
Art and an earlier post as Vice President of the André Emmerich Gallery.
With 15 years
in the
Art market, both
in the
auction world and as an advisor and dealer, Jutta Nixdorf brings extensive experience to bear.
But
in 2007, when his 1991 White Canoe, a nighttime scene of a canoe on a lake, was sold at Sotheby's for $ 11.3 million — then an
auction record for a living European artist — Doig went from being «a hero to other painters to a poster child of the excesses of the
market,» says Paul Schimmel, chief curator at the Museum of Contemporary
Art, Los Angeles.
Christie's has been
in dialogue with Depp since the start of the year, and following momentum
in the Basquiat
market since the
auction record - breaking success of Untitled (1982)
in May, this group of works from the early 1980s is set to be a focal point of both the Post-War and Contemporary
Art Evening and Day Auctions.
«The appearance of a Hirst at Christie's is a first swallow indicating greater confidence
in the post-recession contemporary
art auction market.»
(Gallerist NY) Sotheby's Poaches a Red - Hot
Art Expert - Yamini Mehta is leaving her 14 - year tenure at Christie's to become the rival auction house's international head of Indian and Southeast Asian art and antiquities, which is quite the brief considering it spans ancient to contemporary work in the booming art mark
Art Expert - Yamini Mehta is leaving her 14 - year tenure at Christie's to become the rival
auction house's international head of Indian and Southeast Asian
art and antiquities, which is quite the brief considering it spans ancient to contemporary work in the booming art mark
art and antiquities, which is quite the brief considering it spans ancient to contemporary work
in the booming
art mark
art market.
On November 12th Christie's Post-War and Contemporary
Art evening sale achieved $ 691,583,000 (# 435,697,000 / $ 511,771,420), the highest total for an auction sale in art market history, with a strong sell - through rate of 98 % by value and 91 % by l
Art evening sale achieved $ 691,583,000 (# 435,697,000 / $ 511,771,420), the highest total for an
auction sale
in art market history, with a strong sell - through rate of 98 % by value and 91 % by l
art market history, with a strong sell - through rate of 98 % by value and 91 % by lot.
The contemporary
art market regains its swagger $ 1.6 billion - worth of contemporary
art changed hands during the spring
auction series
in New York.
In this case, the
art market can be said to have outpaced the critical establishment, which has yet to embrace the pulp category: the
auction record for the pin - up artist Gil Elvgren (1914 - 1980), for instance, is around $ 280,000.
«Several of the additions point to the growing
art trade in mainland China and Brazil, which will shape the art market for years to come,» said Art + Auction executive editor Sarah Hans
art trade
in mainland China and Brazil, which will shape the
art market for years to come,» said Art + Auction executive editor Sarah Hans
art market for years to come,» said
Art + Auction executive editor Sarah Hans
Art +
Auction executive editor Sarah Hanson.
But here's a crazy idea for really growing the Asia
auction market: most
art lovers
in Asia will never be able to afford a Richter or a Warhol (apart from his photographs), so how about selling lower - priced items from categories that may hold special appeal here?
The actor has played a number of roles
in the
art market as buyer, charity
auction impressario and a behind - the - scenes agent for sellers who feared a buyer would default on an
auction bid.
The line - up of New York
auctions in May 2017 was dubbed «the
art market's biggest test», and the world was about to see whether the storm of the economic crisis was finally weathered — at least for a while.
According to the Artprice report «The
Art Market in 2014,» just three of the top 100 slots by
auction revenue were held by women.
Doig believes people who pay high prices at
auction are part of a «secondary
market»
in which money is more important than
art.
In 2002, just after one of his works achieved a record price of $ 666k that would only be surpassed once half - a-dozen years later, one exceptionally powerful auction house specialist in Contemporary art predicted that his market would take off in the coming year
In 2002, just after one of his works achieved a record price of $ 666k that would only be surpassed once half - a-dozen years later, one exceptionally powerful
auction house specialist
in Contemporary art predicted that his market would take off in the coming year
in Contemporary
art predicted that his
market would take off
in the coming year
in the coming years.
The
auction house has also announced its first sale of modern and contemporary African
art, to be held
in its London saleroom next month (16 May), saying there had been «exponential increase
in market demand» for this field over the last decade.
The popularity (and sales) of Dansaekhwa artist have enjoyed remarkable success
in the past few years and
in 2016 South Korea became the 10th largest
art auction market in the world.
If there was any doubt that the recent slide
in the stock
markets might affect the
art market's major spring
auctions, this
auction put such fears to rest as it was very strong.
In contrast, just more than a quarter of the 263 lots offered in this auction failed to sell, a rather high percentage but better than many of the auctions in the early and mid-90's when the art market endured a severe collaps
In contrast, just more than a quarter of the 263 lots offered
in this auction failed to sell, a rather high percentage but better than many of the auctions in the early and mid-90's when the art market endured a severe collaps
in this
auction failed to sell, a rather high percentage but better than many of the
auctions in the early and mid-90's when the art market endured a severe collaps
in the early and mid-90's when the
art market endured a severe collapse.
One had to feel a little sorry for him
in the reckoning: One of his paintings, through no doings of his own, breaks
auction records for a work by a living European artist, and he gets pitted against no less a luminary than Giovanni Battista Tiepolo as quintessential of what
art historian James Meyer called the
market's «overestimation of the contemporary.»
New York, December 13, 2013 — Today, artnet, the world's largest
art Price Database provider and gallery network, and the principal platform for
art auctions on the Internet, announced that it is launching a 24 - hour global
art market newswire called artnet news, which will have correspondents
in the Americas, Asia, and Europe.
Though no one
in the
art world expects drastic changes
in the Chinese
art market to occur overnight, many
art dealers and
auction house officials are cautiously optimistic about the new initiative.
Several works
in the 19th - century European paintings sales garnered strong prices at a typically quiet
auction -
market period that stretches from the end of the major, early, May New York
auctions to the start of the London Impressionist, modern and contemporary
art auctions each June.
(NYT) New Picasso Discovered, Heads to
Market -
In one of those classic check - your - attic tales, the Evansville Museum of Arts, History and Science found a layered glass mosaic by Picasso (titled Seated Woman With Red Hat) in an old mislabeled shipping crate and is now hoping to sell it at Guernsey's auction house for as much as $ 40 million, which would multiply the museums endowment ninefol
In one of those classic check - your - attic tales, the Evansville Museum of
Arts, History and Science found a layered glass mosaic by Picasso (titled Seated Woman With Red Hat)
in an old mislabeled shipping crate and is now hoping to sell it at Guernsey's auction house for as much as $ 40 million, which would multiply the museums endowment ninefol
in an old mislabeled shipping crate and is now hoping to sell it at Guernsey's
auction house for as much as $ 40 million, which would multiply the museums endowment ninefold.
Born
in Switzerland, with galleries and offices
in Geneva, New York, and London, Lévy took her first steps at Christie's, having a profound impact on the
auction house and
art market structures through the setting up of a Private Sales department, then opened a boutique
art advisory firm and later co-founded L&M
Arts with former Goldman Sachs trader Robert Mnuchin.
Sales figures at Chinese
auctions have been underwhelming but the contemporary
art market is establishing itself strongly
in Asia.»
It's easy for an artist to be cowed by the
art market's stark exclusivity and swayed to produce work
in thrall to the
art fair and the
auction.
Prices like these seemed to sustain dealers, who somehow managed to field nonstop activity despite the fair coming at the end of a unending gantlet of
market events that began
in March with the Armory Show, continued with the May
auctions and Frieze New York, shifted to China for
Art Basel Hong Kong, and then to Venice for the Biennale debut before finally concluding
in Basel — which, thankfully for all involved, is also an epicenter of the global pharmaceutical industry.