Market

ARTnewsletter Archive

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

ARTnewsletter Archive

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

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Mood Is Upbeat at Art Cologne

The 46th edition of the Art Cologne fair was a solid success, with exhibitors and visitors commenting on the spacious layout and high quality of the works on offer. Read More

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Christie’s $117M Evening Sale: Short But Powerful

Christie’s opened the spring season with a short but powerful evening sale of Impressionist and modern art on May 1 that realized $117 million for 31 lots offered. Read More

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Record-Breaking ‘Scream’ Highlights Solid Spring Auctions

Sotheby’s made auction history at its evening sale on May 3, when a version of Edvard Munch’s iconic artwork, The Scream, 1895 became the most expensive painting ever sold at auction, realizing a total of $119.9 million, with premium, after being hammered down at $107 million. Read More

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Museum, Gallery Shows Draw Wide Audience for Kehinde Wiley

The upcoming show of 12 new works by Kehinde Wiley at the Sean Kelly Gallery in Manhattan (May 6–June 16) will overlap the well-received “Kehinde Wiley/The World Stage: Israel” show of 14 large-scale paintings by the artist, on view through July 29 at the Jewish Museum in Manhattan. Read More

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Robust Demand at Sales of Prints and Multiples

Prints and multiples sales in late April yielded healthy results at Swann, Christie’s and Phillips de Pury & Company. Read More

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Fisk Wins Lengthy Fight to Leverage Art Collection

Ending a six-year-long saga, the Tennessee Supreme Court refused an appeal from the state’s attorney general, Robert Cooper, to overturn an appellate court ruling that would permit the Nashville-based Fisk University to sell a 50 percent stake in a 101-piece art collection, donated by artist Georgia O’Keeffe to the Crystal Bridges Museum of American Art, Bentonville, Ark. Read More