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October 2023 Market Intelligence

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Fine art

Prints and multiples and marc chagall, color of life: prints & artist’s books formerly from the artist’s estate total $9,609,390

press.christies.com

Andy Warhol Moonwalk sold for $693,000 in the Prints and Multiples sale. The combined results for Prints and Multiples and Marc Chagall, Color of Life: Prints & Artist’s Books formerly from the Artist’s Estate totaled $9,609,390, with Prints and Multiples totaling $8,684,928 and Marc Chagall, Color of Life totaling $924,462. Top lots included Buste de femme au chapeau by Pablo Picasso ($554,400) and Green by Richard Diebenkorn ($491,400).

Fine art

Joan Miró painting sells for about €20.7 million in Paris auction record

galeriemagazine.com

Joan Miró’s 1949 Peinture (Femmes, lune, étoiles) sold for €20.7 million (roughly $22 million) at Christie’s in Paris, setting a record during the fall Paris auction series. The work is from Miró’s Peintures lentes period and was previously displayed at La Colombe d’Or in Saint-Paul-de-Vence for about seven decades.

Fine art

Christie’s brokers restitution settlement with heirs of art dealer and Swiss museum to offer $35m Cézanne at auction next month

theartnewspaper.com

The Art Newspaper reports that Christie’s helped broker a restitution settlement between the heirs of Jewish art dealer Jacob Goldschmidt and the Museum Langmatt in Baden, Switzerland, to enable the sale of Paul Cézanne’s Fruits et pot de gingembre in New York next month, estimated at $35 million to $55 million. The work is one of three Cézanne paintings from the Langmatt collection being sold; proceeds are to help the Langmatt Foundation. If the painting reaches roughly $44.4 million, the other two Cézannes may be withdrawn from the November 9 auction.

Fine art

Binding opinion Kunsthaus A.S. Drey / Rotterdam City Council - Restitutiecommissie

restitutiecommissie.nl

The binding opinion concerns a Byzantine ivory relief entitled Hodegetria or Virgin and Child (maker unknown) currently held by Rotterdam City Council in the collection of Museum Boijmans Van Beuningen. It notes that the item originated from the A.S. Drey art gallery in Munich, which was Aryanized in 1936, and that possession was likely lost involuntarily due to Nazi-era circumstances.

Fine art

Julie Mehretu painting sells for $9.3 million, setting auction record for an African-born artist and new benchmark for a Black female artist living or dead

culturetype.com

Julie Mehretu’s untitled 2001 painting sold for $9,319,345 (HKD 72,979,000) at Sotheby’s Hong Kong, setting a new auction record for an African-born artist and a new benchmark for a Black female artist living or dead. The piece, a two-part acrylic, ink and graphite on canvas, sold in the Contemporary Evening Auction and exceeded prior records held by Marlene Dumas.

Violinist Keila Wakao wins Boston Symphony Orchestra concerto competition

theviolinchannel.com

Keila Wakao won the Boston Symphony Orchestra concerto competition. She will perform the second movement of Prokofiev's Violin Concerto No. 2 with the BSO at Symphony Hall in Boston on October 28, 2023, as part of her prize of $1,000. Wakao studies at the New England Conservatory of Music and Walnut Hill School for the Arts, and has prior wins including the 2021 Menuhin International Violin Competition First Prize and Junior Composer Award, as well as the 2021 Stulberg International String Competition.

Fine art

Christie’s Twombly Bacchus painting leads 21st Century Evening Sale

webwire.com

Cy Twombly Untitled (Bacchus 1st Version II) is identified as the top lot for Christie’s 21st Century Evening Sale, with an estimated price range of $18,000,000 to $25,000,000. The work is from Twombly’s Bacchus series and comes from the collection The Elegant Eye: Works from An Exceptional International Collection, to be sold during Marquee Week at Christie’s Rockefeller Center saleroom.

Man charged for stealing 286-year-old violin worth over $200,000 from a London tavern

lsmmeinfo.com

The Lorenzo Carcassi violin, made in Florence in 1740 and valued at more than £150,000 (about $201,550), was stolen from the Marquess Tavern in North London on February 18, 2025. Ahmed Sami Madour, 46, has been charged with two counts of theft and appeared in court, with a trial set for May 10, 2027. The violin was loaned to violinist David Lopez Ibanez of the Philharmonia Orchestra.

Fine art

Christie’s Cy Twombly Bacchus painting to lead the 21st Century Evening Sale, Martin Cid Magazine

martincid.com

Cy Twombly Untitled (Bacchus 1st Version II) from the Bacchus series, dated 2004, is highlighted as the top lot for Christie’s 21st Century Evening Sale. The work, measuring about nine feet by over six feet, is estimated at $18,000,000 to $25,000,000. The article notes Twombly’s long engagement with the Bacchus motif and links the work to the artist’s overall painterly practice.

Fine art

Christie’s 20/21 Frieze Week Sales in London Achieved a Combined Total of £109,244,706 / €126,173,909 / $133,274,815

press.christies.com

Christie’s Frieze Week sales in London achieved a combined total of £109,244,706 / €126,173,909 / $133,274,815, with strong sell-through rates of 82% by lot and 89% by value across the season. The top two prices were Kees van Dongen’s La Quiétude and Jean-Michel Basquiat’s Future Sciences Versus the Man, both realized at Christie’s in London.

Fine art

London Auction Week wraps up on a high note with the sam josefowitz collection bringing in $63.2 million

news.artnet.com

Felix Vallotton, Cinq heures (1898) is pictured as part of the collection from Sam Josefowitz sold at Christie’s during Frieze Week. The article notes that Christie’s sales were boosted by 38 lots from the late Sam Josefowitz’s collection, which realized £51.8 million ($63.2 million) overall, including £42.3 million for 19th and 20th century art and Old Master and modern prints; total Frieze Week sales are discussed with comparisons across auction houses and departments.

Fine art

Christie’s announces Cy Twombly’s masterpiece from the Bacchus series will lead the 21st Century Evening Sale

press.christies.com

Cy Twombly’s Untitled (Bacchus 1st Version II) from the Bacchus series is highlighted as the top lot for Christie’s 21st Century Evening Sale, with an estimated range of $18,000,000 to $25,000,000. The work dates to 2004 and measures about nine feet high and over six feet long, and will be sold at Rockefeller Center in New York during Marquee Week.

Fine art

Banksy leads Phillips 20th Century & Contemporary $22.35m sale

heni.com

Banksy, Forgive Us Our Trespassing (2011) led the Phillips 20th Century & Contemporary Art Evening Sale, selling for $3.3m. The sale total was $22.35m, with 38 works sold and an 83% sell-through rate; pre-sale estimates ranged from $21.43m to $29.46m. Francesca Mollett is mentioned in relation to a talking point, Two Thistles (2021), which sold for $309,210.

Fine art

Christie’s 20th/21st Century Evening Sale notches steady results, a feat in the current tepid art market

news.artnet.com

Christie’s 20th/21st Century Evening Sale in London carried £44.7 million ($54.5 million) across 51 lots, with seven new auction records. Top lot was Jean‑Michel Basquiat’s Future Sciences Versus the Man (1982) at £10.4 million ($12.6 million). Other notable results included Yayoi Kusama’s Flame (1992) at £1.8 million low estimate and Warhol’s Diamond Dust Shoes (1980) at £1.5 million low estimate; a prior Warhol sold for £3 million the night before at Sotheby’s.

Fine art

Jean-Michel Basquiat, Kees van Dongen, Paula Rego and Peter Doig lead the 20th/21st Century London evening sales

christies.com

Jean-Michel Basquiat and Kees van Dongen are highlighted in the 20th/21st Century London evening sales at Christie’s during Frieze Week, with Basquiat’s Future Sciences Versus the Man and Van Dongen’s La Quiétude each achieving more than £10 million. The London Evening Sale opened on 13 October 2023 and contributed to a total of £96,536,220 / €111,499,334 / $117,774,188 across the sales, with multiple records set and strong sale statistics.

Fine art

CHRISTIE’S 20/21 evening sales in London achieved a combined total of £96,536,220 / €111,499,334 / $117,774,188

press.christies.com

Kees van Dongen and Jean-Michel Basquiat led the season, each realising over £10 million. The 20th/21st Century: London Evening Sale realised £44,691,420 / €51,618,590 / $54,523,532, with 88% sold by lot and 89% by value. The sale included records and a major sale dedicated to Sam Josefowitz’s collection, Realising £51,844,800 / $63,250,656 / €59,880,744.

Fine art

Highlights from the contemporary art collection of Anne and Wolfgang Titze

Christie’s

A selection of blue-chip works rich in Minimalism and contemporary abstraction — by artists ranging from Adrian Ghenie to Agnes Martin and Gerhard Richter — is being offered at Christie’s in Paris on 19 October 2023

Fine art

Examining Yayoi Kusama’s enduring influence across the global art market, contemporary culture, and collector demand in 2026

thefineartledger.com

The article discusses Yayoi Kusama’s sustained global recognition and market resilience into 2026, highlighting demand for Infinity Nets paintings and pumpkin sculptures, gallery representation by David Zwirner, and ongoing auction success. It references Kusama’s 1959 Untitled (Nets) auction record and notes the expansion of her collector base, including younger buyers and Asian collectors, as well as her crossover into fashion via Louis Vuitton.

Fine art

Joan Miró at La Colombe d’Or: Miró’s Peinture (Femmes, lune, étoiles) poised for sale at Christie’s Paris

christies.com

Joan Miró’s Peinture (Femmes, lune, étoiles), 1949, oil and casein on canvas, 73.1 x 92.1 cm, previously part of La Colombe d’Or’s wall display in Saint-Paul-de-Vence, is offered for sale at Christie’s in Paris on 20 October 2023; the work is a post-war Peintures lentes canvas that features Miró’s motifs of the moon and stars and figures, with the painting having hung in the Colombe d’Or since 1950 after being acquired from Galerie Maeght.

Fine art

The essence of a changing time: how The Collection of Jerry Moss reflects the ethos of A&M Records

Christie’s

The record industry pioneer worked with Carole King, Joe Cocker, and The Police, but his collection shows us that his passion for the arts went beyond music

Fine art

Sotheby’s to deaccession Balthus painting from Art Institute of Chicago with up to $18 million estimate

artnews.com

The painting La Patience (1948) by Balthasar Klossowski de Rola, known as Balthus, is being deaccessioned from the Art Institute of Chicago and offered by Sotheby’s with an estimate of $12 million to $18 million. The work will be sold at Sotheby’s Modern Evening auction in New York to benefit future acquisitions for the museum; the piece depicts Jeanette Aldry playing solitaire and includes vanitas symbols and dramatic chiaroscuro.

Fine art

Lacklustre results for highly anticipated auction from Long Museum collection in China, experts weigh in on why

theartnewspaper.com

Modigliani's Paulette Jourdain (1919) sold for $34.9m (with fees) at Sotheby’s Hong Kong, below its pre-sale estimate; the Long Museum sale netted 544.5m Hong Kong dollars (with fees) or $69.5m, with a 74% sell-through and 10 of 39 lots unsold; experts including Ray Dong commented on the disappointing performance despite heavy promotion in China.

Fine art

Long Museum sale at Sotheby’s Hong Kong yields disappointing results

artnews.com

The Long Museum sale at Sotheby’s Hong Kong featured works from Liu Yiqian and Wang Wei. Modigliani’s Paulette Jourdain sold for $34.8 million with premium, well below its estimate, while Magritte’s Le Miroir Universel and David Hockney’s A Picture of a Lion were among the highlighted lots. The sale reportedly acts as a deaccession to fund museum initiatives and acquisitions.

Fine art

Egon Schiele works restituted to Holocaust victim's heirs head to auction

theartnewspaper.com

Egon Schiele works restituted to Fritz Grünbaum's heirs will be offered at Christie’s New York in November, with six works on paper. The trio with the highest estimates include Stehende Frau (Dime) (1912), Selbstbildnis (1910), and Ich liebe Gegensätze (1912). Remaining pieces include a two-sided 1910 work, a 1910 portrait of a seated woman, and a 1915 portrait of Edith Schiele.

Fine art

Despite setting sales records, the auction of the Long Museum founders’ collection fell flat at Sotheby’s Hong Kong

news.artnet.com

Amedeo Modigliani's Paulette Jourdain (1919) sold for HK$273 million including fees at Sotheby’s Hong Kong, while the broader sale of the Long Museum founders’ collection achieved HK$544.5 million, the highest for a single-owner sale in Asia but overall results were disappointing against presale estimates.

Fine art

Leslie and Johanna Garfield’s 6,000-Work Print Collection Comes to Auction

Sotheby’s

Sotheby’s introduced a multi-sale dispersal of Leslie and Johanna Garfield’s print collection in New York and London from October 2023 through September 2024. Built in depth across movements and artists, the collection comprised more than 6,000 works on paper alongside a small number of paintings and sculptures.

Fine art

A bidding war between Kim Kardashian and Tom Brady over a George Condo artwork ends with both parties lucky

news.artnet.com

Kim Kardashian and Tom Brady competed at a charity art auction in Atlantic City over George Condo's Standing Female Figure (2023). Brady bid $2 million, Kardashian started at $500,000, and Condo agreed to create a second, matching work for Kardashian for another $2 million as a charitable gift. The event helped raise funds for Reform Alliance, which totalled $5.1 million of the $24 million raised.

Fine art

A Twombly highlight at Christie’s 21st century evening sale

antiquesandartireland.com

Cy Twombly (1928-2011) Untitled (Bacchus 1st Version II) courtesy Christie’s Images Limited 2023; the 2004 work is highlighted at Christie’s 21st century evening sale in New York on November 7, from the Bacchus series; estimated at $18.0 – $25.0 million.

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