Author Archives: ARTnews

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Features

‘An Oasis in the Desert’

Governments in the United Arab Emirates are spending billions of dollars in an ambitious, unprecedented effort to create cultural districts with world-class museums—along with a support system of creators, dealers, and collectors. But many Western art professionals wonder if this massive undertaking, launched at a dizzying scale and pace, can be successful. Read More

ARTnewsletter Archive

Year-End Swiss Art Sales: 61 Percent of Lots Were Sold

Last fall, it looked as though the Swiss auction market was defying the ongoing turmoil of the international financial markets. Read More

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Paris Auctions: Sotheby’s and Christie’s Pull Ahead of the Pack

Overall 2008 auction sales totals—including decorative art, collectibles and other genres as well as fine art—showed Sotheby’s and Christie’s occupying the top two spots for the first time, simultaneously forging a huge lead over the rest of the field. Read More

ARTnewsletter Archive

Uneven Demand for Contemporary Art at End-of-Year Paris Sales

There were mixed results for sales of contemporary art in Paris last month. The high point of the series came in Sotheby’s evening sale on Dec. 10, when a new auction record was set for a work by Pierre Soulages. His Peinture, 21 juillet 1958, sold to a French dealer for €1.52 million ($1.97 million) on an estimate of €800,000/1.2 million. Soulages’s work has become a specialty of Sotheby’s: the firm’s inaugural contemporary sale in Paris, in July 2006, posted a then-record for the artist of €1.2 million ($1.5 million) for an untitled 1959 painting. Read More

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Fresh-to-the-Market Works Fuel Demand at Paris Imp/Mod Auctions

A selective approach and consignments from private collections helped Sotheby’s and Christie’s post respectable results for their auctions of Impressionist and modern art in Paris at the beginning of December, despite scant buying from the trad Read More

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Investigations

The Dalí­ Sculpture Mess

A flood of posthumous sculpture by Salvador Dalí­ generates millions of dollars in annual revenue—but the artist’s connection with much of the work is unclear. The market is rife with unreliable information, disputed ownership claims, unauthorized editions, and legal conflict. At least two European police investigations are under way. Read More

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Rediscovered Bosschaert Leads Koller Jubilee Auctions

Auction firm Koller celebrated its 50th anniversary with a series of auctions Sept. 15–22. Read More

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Mixed Results at Sotheby’s Paris Imp/Mod Sale

Sotheby’s 51-lot evening sale of Impressionist and modern art on July 2 totaled E11.5 million ($18.2 million), the firm’s most lucrative sale in this category to date in continental Europe—highlighting “the continued rise of Paris as a global selling center,” in the words of vice president and head of Impressionist and modern art, Andrew Strauss. Read More

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Change In EU Tax Spurs Art Buying Spree in Paris

Last year’s change to the European Union’s droit de suite levy, which introduced a ceiling of E12,500 ($19,300) per lot, has made Paris a more attractive place to sell modern and contemporary art. Read More

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The Images of Naoki Honjo Attract Widespread Interest

The photographs of Naoki Honjo are climbing in price as the young Japanese artist’s popularity increases. Read More

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Buyers Vie for Art by Compatriots At Sotheby’s Strong Russian Sale

Sotheby’s 153-lot sale of Russian contemporary art in London on March 12 totaled £4.1 million ($8.3 million); it was 75 percent sold by lot, 87 percent by value. Read More

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Watchdog Report Charts Slowdown in French Auctions

While worldwide auction sales enjoyed strong growth in 2007, sales in France remained stable at approximately €E2.2 billion ($3 billion), according to the annual report issued by the Conseil des ventes, the state auction watchdog. Read More

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ArtCurial’s Inaugural Shanghai Auction Tops Expectations

In late January in Shanghai, the French firm ArtCurial became the first foreign auction house to to hold a sale under its own banner in mainland China—four months after acquiring premises in the city. Read More

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L.A. Art Show: Record Crowds Belie Uneven Sale Patterns

The Los Angeles Art Show, now in its 13th year, was held from Jan. 23-27, once again at the Barker Hanger, Santa Monica Airport. Read More