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June 2022 Market Intelligence

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Fine art

"52 M. Francis Bacon tops Sotheby’s London evening sales"

artnews.com

The article reports that Sotheby’s London evening sale brought in £149 million ($182 million) with fees. It highlights Francis Bacon among the top lots and notes a hammer price total of £125 million before fees, with 61 of 79 lots sold and two withdrawn; 23 lots were guaranteed, 18 with irrevocable bids. The top lot mentioned is Francis Bacon’s 1964 Study for Portrait of Lucian Freud, which sold for £43 million ($52 million).

Fine art

Francis Bacon’s portrait of Lucian Freud was the star of Sotheby’s London sales

news.artnet.com

Francis Bacon’s portrait of Lucian Freud sold for £43.3 million with fees ($52.7 million) at Sotheby’s London, surpassing its £35 million unpublished estimate and becoming the most expensive contemporary painting sold in London since 2014. The sale occurred during Sotheby’s London evening auctions, with total sale figures for the night and the week noted, including Christie’s stronger results earlier in the week, and the event featured a withdrawal of a Leon Kossoff painting.

Fine art

Christie’s London to Paris sale totals £203.8 million ($248 million) led by blue-chip works and a $12.4 million Jeff Koons Monkey

news.artnet.com

The Christie’s London and Paris 20th/21st Century Evening Sales totaled £203.8 million ($248 million). Highlights include works by Claude Monet, Yves Klein, René Magritte, and Pierre Soulages, plus Jens Faurschou acquiring Jeff Koons’s Balloon Monkey (Magenta) for £10.1 million ($12.4 million). The Koons piece was donated by Viktor Pinchuk and his wife Olena for Ukraine humanitarian aid.

Fine art

Givenchy auctions achieve €114,4 million

salonprivemag.com

The item discusses Christie’s Hubert de Givenchy collection sale totaling €114,440,878 ($119,759,614) and €98,802,080, highlighting record prices and multiple lots selling above €1 million and €5 million. The top lot was Alberto Giacometti’s Femme qui marche [I] at €27,169,500.

Fine art

Christie’s Market Update: ["Cultural Dialogue Between London and Paris at Christie's Delivers a Total of £203,881,403 / $250,162,481 / €236,094,664 - Christie's", "Cultural Dialogue Between London and Paris at Christie's Delivers a Total of £203,881,403 / $250,162,481 / €236,094,664"]

Christie’s

Christie’s documents the market development behind ["Cultural Dialogue Between London and Paris at Christie's Delivers a Total of £203,881,403 / $250,162,481 / €236,094,664 - Christie's", "Cultural Dialogue Between London and Paris at Christie's Delivers a Total of £203,881,403 / $250,162,481 / €236,094,664"]. Its account reports that • The collection Marc Chagall, Colour of Life: Works Formerly from the Artist's Estate achieved a total of £9,736,500 / $11,946,686 / €11,274,867 and was 100% sold.

Fine art

Monet and Klein lead the 20th/21st Century London to Paris evening sales

christies.com

Monet and Klein lead the 20th/21st Century London to Paris evening sales; the three-sale series achieved £203,881,403 / €236,094,664. The report highlights Claude Monet, Yves Klein, and Marc Chagall among the leading artists, with additional mentions of Rachel Jones, Caroline Walker, and Joel Mesler.

Fine art

Surrounded by visitors, the FBI seized 25 works purportedly by Basquiat from a Florida museum in a mid-day raid

news.artnet.com

The article reports that 25 paintings purportedly by Jean-Michel Basquiat were seized by the FBI from the Orlando Museum of Art in a mid-day raid. The affidavit cited concerns about the works' provenance and authenticity. The works are said to have been produced in 1982 and were owned by dealer William Force and Leo Mangan; they allegedly sold to Thad Mumford for $5,000 and resurfaced in 2012 after a storage-unit seizure, with Force purchasing them for $15,000.

Australian Chamber Orchestra loans Ex-Dollfus Strad

theviolinchannel.com

The Austrian 1732 violin known as the Ex-Dollfus Strad is on loan to the Australian Chamber Orchestra and will be played by ACO Principal Violin Helena Rathbone. The instrument is one of three Golden Age Stradivarius violins currently used by ACO members.

Fine art

A major Sirani acquisition announced for Walker’s redeveloped galleries

liverpoolmuseums.org.uk

National Museums Liverpool reports a major new acquisition by Giovanni Andrea Sirani, Allegory of Painting and Music, funded by Art Fund, to be housed in the Walker Art Gallery as part of the Renaissance Rediscovered project. The project, costing about £710,000, renovates the Medieval, Renaissance and Baroque rooms and is scheduled to open in 2023.

Stradivari violin sells for over $15m

classical-music.uk

The 1714 Stradivari violin named the da Vinci, ex-Seidel sold at auction for $15.34 million, making it the second most expensive Stradivari violin sold at auction. The sale was conducted online by London auction house Tarisio with a reserve price of $8 million and eleven bids.

Fine art

A Patch of Blue: René Magritte’s 'Galatée'

sothebys.com

René Magritte’s Galatée, a late-period work highlighted in Sotheby’s Modern & Contemporary Day Auction in June 2022, is discussed by An Paenhuysen. The article references Magritte’s concept of blue sky and its iconography within the painting, noting the work’s dating and its relation to Magritte’s other motifs.

Fine art

GIVENCHY live auctions achieve €114.4 million / $119.7 million

press.christies.com

Alexandra Kindermann reports that Christie’s Hubert de Givenchy live auctions achieved €114,440,878 / $119,759,614 / £98,802,080, with top lot Alberto Giacometti’s Femme qui marche [I] selling for €27,169,500 ($28,419,297). The sale set 19 new world records and 20 lots sold above €1 million; online sales extended to 23 June.

US musician reunited with stolen 262-year-old violin

scmp.com

The article reports that MingHuan Xu, a professional violinist and Roosevelt University program director, had a 1760 Gagliano violin and two other instruments stolen from her Chicago home; the 1760 instrument was recovered undamaged along with a 1994 Oliver Radke violin and her son’s half-sized cello. Chicago police recovered the instruments after a month-long disappearance.

Fine art

Billionaire Viktor Pinchuk to sell Koons sculpture for medical aid to Ukrainian soldiers

usaartnews.com

Jeff Koons Balloon Monkey (Magenta), 2006–2013, valued at £10 million ($12.6 million) was sold by Viktor Pinchuk and Elena to raise funds for Ukrainian medical care. Proceeds go to the Collectors Family Foundation’s UK office; the piece will be offered at Christie’s London during the 20th and 21st century sale. Previous Koons works by Pinchuk have seen higher or lower estimates in past auctions.

15.3 million dollars: Stradivari played by Albert Einstein sold at auction

bonedo.de

A Stradivari from the early 18th century was sold at auction in New York for 15.3 million US dollars. The article notes this places the instrument among the most expensive ever sold. It also references other high‑value instruments and mentions that the Stradivari named da Vinci, previously owned by Toscha Seidel, had a history including teaching Albert Einstein.

1714 da Vinci ex-Seidel Stradivari Violin sold by Tarisio for $15.34 million

theviolinchannel.com

The Violin Channel reports that the 1714 da Vinci ex-Seidel Stradivarius violin sold at Tarisio for $15.34 million after eleven bids and five extensions, following an initial reserve of $8 million. The instrument was long associated with Toscha Seidel, who used it for decades and contributed to Hollywood soundtracks including The Wizard of Oz, Intermezzo, and Melody for Three.

Fine art

Hauser & Wirth sells Louise Bourgeois Spider for 40 million at Art Basel

artnews.com

Louise Bourgeois’s 1996 steel Spider sold for $40 million at Art Basel by Hauser & Wirth, bought by a private collection. The piece is from Ursula Hauser’s collection and is a steel sculpture that cannot be outdoor displayed. Bourgeois’s Spider set an auction record for her work and is notable among top prices for women artists.

Fine art

Christie’s Market Update: ["Masterpieces From Hubert De Givenchy’s Collection of Decorative and Fine Arts Achieve € 82,992,850 / $86,810,521 / £71,373,851 - Christie's", 'Masterpieces From Hubert De Givenchy’s Collection of Decorative and Fine Arts Achieve € 82,992,850 / $86,810,521 / £71,373,851']

Christie’s

Christie’s documents the market development behind ["Masterpieces From Hubert De Givenchy’s Collection of Decorative and Fine Arts Achieve € 82,992,850 / $86,810,521 / £71,373,851 - Christie's", 'Masterpieces From Hubert De Givenchy’s Collection of Decorative and Fine Arts Achieve € 82,992,850 / $86,810,521 / £71,373,851']. Its account reports that pARIS – On 14 June 2022, Christie’s held the first of six sales of the Hubert de Givenchy collection.

Fine art

Anne H. Bass and Christie's 20th Century Evening Sales total $843.7 million

salonprivemag.com

The article reports Christie’s Spring 2022 marquee week final evening sales totaling $843.7 million, with The Collection of Anne H. Bass achieving $363.1 million, The 20th Century Evening Sale at $468.2 million, and The Raptor at $12.4 million. Notable records include Edgar Degas’s Petite danseuse de quatorze ans selling for $41.6 million and Monet’s Parlement at $75.9 million.

Rare Stradivarius sells for near-record US$15.3 million

businesstimes.com.sg

The article reports that a 1714 Stradivarius violin known as the ‘da Vinci, Ex-Seidel’ sold in New York for US$15.3 million, just below the record for such an instrument. The instrument belonged to Toscha Seidel and was connected to the Wizard of Oz score and Albert Einstein.

Stradivarius violin sold at auction for more than 15 million dollars near record amount

cryptonewsmag.com

The article reports a Stradivarius violin, made in 1714 by Antonio Stradivari, selling in New York for 15.34 million dollars, close to the record 15.9 million. The instrument belonged to the Munetsugu collection in Japan and was sold by Tarisio; the buyer was not disclosed. The piece is part of the golden period of Stradivari instruments, roughly 1710 to 1720.

Un Guarnerius adjugé à 3,3 millions d'euros, c est un violon qui va beaucoup être joué

radiofrance.fr

France Musique reports that the Guarnerius del Gesù violin owned by Régis Pasquier was sold for 3.3 million euros at Aguttes. The buyer is described as a 40-year-old German violinist; the sale is portrayed as a continuation of the instrument’s life, not an investment. The instrument was crafted in 1736 by Bartolomeo Giuseppe Guarnerius and is praised for its rarity and craftsmanship.

Fine art

Christie’s Market Update: ["Christie's to Offer Monet's\xa0Nymphéas, temps gris (1907)\xa020th / 21st Century: London Evening Sale\xa0\xa0 - Christie's", "Christie's to Offer Monet's\xa0Nymphéas, temps gris (1907)\xa020th / 21st Century: London Evening Sale\xa0\xa0"]

Christie’s

Christie’s documents the market development behind ["Christie's to Offer Monet's\xa0Nymphéas, temps gris (1907)\xa020th / 21st Century: London Evening Sale\xa0\xa0 - Christie's", "Christie's to Offer Monet's\xa0Nymphéas, temps gris (1907)\xa020th / 21st Century: London Evening Sale\xa0\xa0"]. Its account reports that lONDON AND PARIS – Claude Monet’s Nymphéas, temps gris (1907, estimate: £20,000,000-30,000,000) will be a highlight of Christie’s 20/21 London to Paris sale series, and is the second major painting by the artist to be offered in London this season, presented within the 20th / 21st Century:…

Fine art

In the Hamptons, a collaborative exhibition pairs glass art with blue-chip works to move the market mainstream

usaartnews.com

The article discusses a Sotheby’s– Chesterfield Gallery collaboration in the Hamptons showcasing contemporary glass artists such as Jonas Noël Niedermann and Joshua Bernbaum alongside blue-chip artists Roy Lichtenstein and Lee Krasner. The pop-up at Sotheby’s East Hampton runs until July 25 and aims to broaden glass art’s appeal within the fine art market.

Fine art

Paris Hilton helps Lacma launch fund to acquire digital art by women

usaartnews.com

Paris Hilton helps Lacma launch a new acquisition fund for digital art by women artists. The fund is Lacma’s first dedicated to digital art and marks Hilton’s first art-museum endowed fund. Artists mentioned include Tony Oursler, Petra Cortright, Ryan Trecartin, and Shantell Martin in relation to Lacma's digital-art holdings.

Rare inlaid Stradivari violin could fetch $11 million at auction

reuters.com

Reuters reports a 1679 Stradivarius violin known as the Hellier Stradivarius, created by Antonio Stradivari, is headed for Christie’s Exceptional Sale in London and could fetch up to 11 million dollars (6-9 million pounds). The instrument was sold in 1734 to Samuel Hellier and is described as the finest inlaid Stradivari violin ever made.

Rare inlaid Stradivari violin could fetch US$11m at auction

businesstimes.com.sg

The article reports on a 1679 Stradivari violin known as the Hellier Stradivarius, which Christie’s is offering as the top lot in its July 7 Exceptional Sale. The instrument, engraved with ivory diamonds and finished with a golden varnish, has a price estimate of 6–9 million pounds (about US$10.3–15.5 million).

Fine art

The largest ever work by Lin Fengmian to come to market: Dunhuang Musicians leads Bonhams Chinese Paintings Sale in June

martincid.com

Lin Fengmian, Dunhuang Musicians, 131.5 x 160 cm, has an estimated price of HK$2,800,000-3,800,000 and was presented by Bonhams in Hong Kong. The work, described as the largest-ever painting by the artist to appear on the market, was part of Bonhams Fine Chinese Paintings Sale in June 2022. The painting depicts ten musicians and is tied to Lin’s Dunhuang series.

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