Market

ARTnewsletter Archive

Hits and Misses at Regional Sales

A 1960 Karel Appel oil painting, Presque Une Joie, was the top lot at Skinner’s two-part sale of American and European art on May 18, realizing $118,500 on an estimate of $80,000/100,000. Read More

ARTnewsletter Archive

Paris Auctions: Eclectic Offerings Meet With Healthy Bidding

On May 11, Christie’s Paris held a sale of antique books, artists’ books and manuscripts. A total of 224 lots were presented, with 177, or 80 percent, finding buyers. Read More

ARTnewsletter Archive

Judge Strikes California Resale Royalty Law as ‘Unconstitutional’

California’s 35 year-old Resale Royalty law was struck down as unconstitutional in the US District Court of Appeals, ninth district, on May 17. Read More

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Latin American Art Rises From Last Spring’s Levels

Overall totals of Latin American art were up at Sotheby’s and Christie’s as the sales saw vibrant, global demand and set several new records. Read More

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Gunter Sachs Collection Soars Past Estimates

Less than two weeks after New York auction houses racked up nearly $900 million in contemporary art sales at spring auctions, demand was still robust as Sotheby’s London saw works from another private collection surge past estimates. Read More

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Bouguereau Breaks $1M Mark Twice at May Sales

NEW YORK—A painting of two little girls titled Fishing for Frogs, 1882, by William-Adolphe Bouguereau, earned the top price at the three-part, May 15 sale of American and European art, held at Heritage Auctions in Dallas, bringing $1.7 million, and falling within the $1.5 million/2 million estimate. There were some other strong prices, such as $242,500 (estimate: $200,000/300,000) for Pierre-Auguste Renoir’s 1890s Port of Saint-Tropez, and $170,500 (estimate: $80,000/120,000) for Martin Johnson Heade’s Cherokee Roses in a Glass Vase, ca. 1883–88. Read More

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Modern British Art a Standout At London Sales

LONDON—Modern British art easily outperformed the new sales mix of Victorian, early 20th-century, sporting, marine, Irish, and Scottish art, at Sotheby’s in London on May 10–11. The latter, a combination of several, previously stand-alone sale categories that have been experiencing dwindling results wrapped into one catalogue, felt like a random mixture, observers said. Read More

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Brighter Picture at May American Art Auctions

Overall sale volume at American art auctions at Christie’s and Sotheby’s, on May 16–17, rose considerably, to $62 million, compared with last year’s total of $49.3 million, but the total was still below the $66.9 million result achieved in 2010 (ANL, 6/14/11). Further, the gains were realized with smaller offerings of works at both houses, with sell-through rates also improved, compared with last spring. Read More

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Contemporary Art Hits New Peaks at Spring Sales

NEW YORK—Dominating the headlines at the recent round of spring auctions was Edvard Munch’s 1895 version of his iconic painting The Scream. Commanding just under $120 million with premium, the painting, which became the most expensive artwork ever sold at auction, accounted for just about one-fifth of the $523 million Impressionist and modern art total at Sotheby’s and Christie’s combined. Read More

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Results Are Mixed At Regional Auction House Sales

A Cubist-style design by Le Corbusier, woven into an Aubusson tapestry and titled Bogota, 1950, was the top lot at the Los Angeles Modern Auctions May 6 sale of modern art and design, earning $131,250 and outpacing its $40,000/60,000 estimate. Read More

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Sotheby’s Holds Its Own With Solid Contemporary Sale

The contemporary art market powered on at Sotheby’s on May 9 when $266.6 million was garnered, well within the $216 million/304 million estimate, establishing another batch of record prices. Read More

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Spring Art Auctions: $1.4 Billion in Two Weeks

A surge in overall contemporary art sales at this year’s spring auctions, a two-week series that began with Impressionist and modern art, helped propel the season to $1.4 billion, one of the highest totals in recent years, but still below the $1.75 billion peak of the previous market boom reached in fall 2007 (ANL, 11/27/07). Read More

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Mixed Results at Shannon Sale

There were a few bright spots in an otherwise lackluster American and European art sale at Shannon’s in Milford, Conn., on April 26, including the $96,000 final price paid for New York street artist Paul Cornoyer’s undated painting A Spring Day, New York, which exceeded its $60,000/80,000 estimate. Read More

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Vibrant Demand at Christie’s Sale of Victor Hugo Collection

Christie’s Paris celebrated the 210th anniversary of the birth of French writer Victor Hugo with the auction of “The Hugo Collection,” held on April 4, featuring artwork and memorabilia. Read More