Auctions Market News
Kenneth Noland's Heat (1958) was the second-most expensive lot at the auction. COURTESY SOTHEBY'S

Strong Sotheby’s Contemporary Day Sale Totals $98 M., Sets Kenneth Noland Record at $3.37 M.

Sotheby’s capped its auction week yesterday with a respectable contemporary day sale that brought in $98 million. With 323 out of 418 lots finding buyers, 80 percent of the works that went on the block sold. Although some momentum was lost … Read More

Auctions Market News
Paul Cézanne’s Pommes sur un linge (circa 1885), which was estimated at $7 million to $10 million, sold for $9.13 million.

Christie’s Nets Healthy $145.5 M. at Imp-Mod Auction, Led by Picasso, Matisse, Cézanne

The New York evening sales concluded tonight with the Impressionist and modern sale at Christie’s, which racked up $145.5 million, well above its low estimate of $108.8 million—a quite successful tally accrued during a slow, steady waltz through a list of 59 relatively low-priced … Read More

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Fábrica Nacional da Cordoaria, in Belém, Portugal.


ARCO Madrid Will Stage a Lisbon Fair in 2016

The International Contemporary Art Fair (ARCO), which has run annually in Madrid since 1981, will hold a 2016 edition in Lisbon from May 26 through May 29, 2016, the art fair announced today.ARCOlisbon will open at the Fábrica Nacional da Cordoaria, in Belém, … Read More

Auctions Market News
Roy Lichtenstein's Modern Painting in Porcelain (1967) sold for $437,000 this morning at Christie's. COURTESY CHRISTIE'S

Christie’s Contemporary Art Day Sales Net $88.8 M., With Records for Gilliam, Krushenick, and for a Moment, Kelley

Christie’s finished out its contemporary-art auctions in New York with a morning sale and an afternoon sale Wednesday that offered about 400 lots and raked in $88.8 million in total. About 81 percent of the 224 lots in morning sale found buyers, while about 76 percent of the 175 lots … Read More

Auctions Market News
Cy Twombly’s Untitled (NYC) (1968) sold for $70.5 million.COURTESY SOTHEBY'S

Sotheby’s Contemporary Sale Hauls In $294.9 M., Setting Twombly Record at $70.5 M. in an ‘Infectious’ Salesroom

An enormous round of applause rang out in the Sotheby’s salesroom following its contemporary art evening sale tonight in New York, as the auction house wrapped perhaps the first solidly positive sale of the past week, totaling $294.9 million, over a low … Read More

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Spring Studios at 50 Varick Street. (Photo by Evan Joseph)COURTESY SPRING STUDIOS, NEW YORK

Here Are the Exhibitors for Independent New York 2016, at Its New Home in TriBeCa

Independent New York, the art fair that runs concurrently with the Armory Show in March, has shared the details of its 2016 edition. The fair, previously held at the former Dia building in Chelsea, which was recently sold, will open … Read More

Auctions Market News
Lucio Fontana's Concetto spaziale, La fine di Dio (1964) sold for $29.2 million, a new record for the artist.CHRISTIE'S IMAGES LTD.

Christie’s $331.8 M. Postwar Auction Offloads a Record Bourgeois—and an Undervalued Warhol—En Route to Modest Total Sales

The trend of cooler bidding that has defined these New York sales continued Tuesday night at Christie’s postwar and contemporary art evening sale, where notable flops and a few withdrawn lots accounted for a tepid $331.8 million haul, just over … Read More

Auctions Market News
Zeng Fanzhi's Untitled (Landscape) (2006), which sold for $485,000 against a low estimate of $500,000.COURTESY PHILLIPS

Phillips Contemporary Art Day Sale Sees Records for Math Bass, Tetsumi Kudo, Jon Pestoni, More

Phillips wound down its auction week in New York with a day sale of 20th-century and contemporary art that saw a fairly mediocre sell-through rate of 72 percent, with 159 of 221 lots finding buyers. That sell-through rate was almost identical to the … Read More

Market News
View of Art Los Angeles Contemporary, January 29–February 1, 2015, The Barker Hangar, Santa Monica, on opening night. Photo by Angela Weiss/Getty Images. 


Here Is the Exhibitor List for Art Los Angeles Contemporary 2016

The Art Los Angeles Contemporary fair hits Santa Monica’s Barker Hangar for its seventh edition in late January. The fair’s exhibitor list, released to ARTnews, features new additions from New York, London, Berlin, and elsewhere, and announces new sections for the fair, including … Read More

Auctions Market News
The star of the evening, Amedeo Modigliani’s Nu couché, which had an on-request estimate of $100 million, sold for an astounding $170.4 million to a Chinese collector.

Christie’s ‘Artist Muse’ Sale Nets $491.4 M., Led by a $170.4 M. Modigliani, the Second-Highest Price Ever Realized at Auction

Amedeo Modigliani’s Nu Couché (1917–18) soared past its already astronomical $100 million on-request estimate en route to a record-smashing price of $170.4 million at Christie’s Monday night, making the magnificent nude portrait the second-most-expensive painting ever sold at auction—and, in a twist, … Read More

Auctions Market News
Sotheby's New York headquarters.COURTESY WIKIMEDIA

Sotheby’s Q3 Loss Shrinks Versus 2014, Buoyed by Inventory Sales, Finance Unit

Today, Sotheby’s released financial results for its third quarter, which ended September 20, 2015, reporting a net loss of $17.9 million, equal to 26 cents a share, which was an improvement over the $27.7 million, or 40 cents a share, … Read More

Auctions Market News
Le Corbusier, Femme rouge at pelote verte.  COURTESY PHILLIPS.

A Risky, Rebooted Phillips Sale Sees New Record for Le Corbusier on a Taboo Night of the Week

Phillips, the perennial bridesmaid of the New York sales, gambled this year by mixing Impressionist and modern work among its usually all-contemporary lots—and by scheduling the auction on that most taboo of sales nights, Sunday. But it seems the house avoided … Read More

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The future home of Derek Eller Gallery.COURTESY DEREK ELLER GALLERY

Chelsea’s Derek Eller Gallery Is Moving to the Lower East Side

After nearly two full decades in Chelsea, Derek Eller Gallery is planning to move to the Lower East Side next year, taking a former garage space with tall ceilings at 300 Broome Street. The new space is right across the road … Read More

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Dorotheum Previews Modern and Contemporary Sales, Featuring Richter, Zero Group

Dorotheum is responsible for the content of this post.Whether you’re buying art in the interest of investment, collecting, or interior decorating, minimalist pieces have a rare appeal. Steering away from the figurative work that defined previous periods in art history, … Read More