Monthly archive

July 2008 fine-art market intelligence

11 headlines

11 headlines

Search and filter

Category: Fine art

Source-linked reporting

Headlines

11 headlines
Fine art

Bacons go for $34.5 million - Los Angeles Times

latimes.com

Francis Bacon’s three studies for a self portrait sold for $34.5 million at Christie’s. Jeff Koons’s Balloon Flower Magenta sold for $25.8 million, the highest price Koons has received at auction.

Fine art

Records tumble at Sotheby’s auction - Visions Art

visionsarts.com

Anish Kapoor’s untitled sculpture from 2003 sold for £1.945 million (about $4 million), setting a new auction record for the artist. Subodh Gupta’s untitled 2005 work sold for £6,01,250, while Bharti Kher’s sculpture ‘Misdemeanours’ realized £75,650. The sale total was £94.702 million ($188.854 million), with 11 records achieved across several artists including Antony Gormley, Bridget Riley, Richard Prince, and Anish Kapoor.

Fine art

Anderson Ranch Art Center to present National Artist Award to George Condo

fineartpublicity.com

George Condo is named National Artist Award recipient and Mera and Don Rubell receive the Service to the Arts Award at Anderson Ranch Arts Center's 12th Annual Recognition Dinner in Snowmass Village, Colorado. The event occurs July 9, 2008, with a slide talk by Condo on July 8 and a gala program at The Snowmass Club.

Fine art

Severini stars at Sotheby’s 201m imp/mod evening sale

artnews.com

Gino Severini’s Danseuse, 1915, led Sotheby’s London Impressionist and Modern sale, achieving a new artist record of £15 million ($29.6 million). Alberto Giacometti’s Trois hommes qui marchent I (1948) sold for £9.4 million ($18.6 million), and Femme nue (Nu debout IV) (1953) brought £657,250 ($1.3 million.)

Fine art

Art buyers find lost works - Los Angeles Times

latimes.com

Jean-Antoine Watteau painting lost for 160 years sold for $24.4 million at a Christie’s London sale. The work, titled La Surprise, was purchased by London dealer Jean-Luc Baroni on behalf of an unidentified collector. Also, three sketches by Francisco Goya, presumed lost for 130 years, sold for $8 million.

Fine art

Art Masterpiece Thief Pleads Guilty To Theft Of Monet & Other Artworks From Monet, Sisley, Brueghel – US Attorney Report

lawfuel.com

Art Masterpiece Thief Pleads Guilty To Theft Of Monet & Other Artworks From Monet, Sisley, Brueghel – US Attorney Report - The page reports that French national Bernard Jean Ternus pleaded guilty to conspiring to transport four stolen paintings and to visa fraud, related to a 2007 robbery in Nice that targeted works by Claude Monet, Alfred Sisley, and Jan Brueghel the Elder.

Fine art

Lost works by Goya, Watteau fetch auction records

reuters.com

Three sketches by Francisco Goya and a painting by Jean-Antoine Watteau were sold at Christie’s. The Watteau work, titled La Surprise, fetched about $24.4 million, a record for a French old master painting at auction, while three Goya drawings from album D, including Down They Come, Repentance, and The Constable Lampinos Stitched Inside a Dead Horse, sold for about $7.9 million in total.

Fine art

Art sales: Old Masters tot up £100m

visionsarts.com

Colin Gleadell reports on the Old Master sales in London where prices climbed, including The Misers reaching £2.1 million, three Goya drawings selling for £4 million, Watteau's La Surprise at £12.4 million, Hals’s portrait selling for £7.1 million, Brueghel the Younger selling for £2.5 million, and a Batoni portrait selling for £1.3 million.

Fine art

Sotheby’s sees high prices for Indian artists

indianartnews.visionsarts.com

Raqib Shaw’s Chrysanthemum & Bee sold for £103,250 and Anish Kapoor’s After Marsyas sold for £109,250, both above estimates. Subodh Gupta Untitled (Across Seven Seas) bought for £85,250, and TV Santosh Man Made Famine and the Rats sold for £121,250. Anish Kapoor Untitled sold for £481,250. Rashid Rana’s Veil #6 sold for £325,250, and Basquiat Untitled (1982-83) was sold for £5.081 million on behalf of U2. A group of 12 works from the Helga and Walther Lauffs collection raised £18.983 million. Regional breakdown showed Europe 49%, US 39%, Asia 3%, others 8%.

Fine art

In Brazil, stolen Picasso print recovered, police say

artinvestment.ru

Brazilian police recovered one of two Picasso etchings stolen from a São Paulo museum. The engraving Painter and model (1963) was found in an attic, wrapped in a plastic bag, with a suspect arrested in connection with the robbery. The work was reported to be in perfect condition. A second stolen print, Minotaur, a drunkard and a woman (1933), remains missing, along with two Brazilian paintings. This follows a prior 1904 Portrait of Suzanne Bloch that was stolen in December 2007 and later found.

Fine art

Sotheby’s auction ends week on a buoyant note

artnews.com

Sotheby’s Postwar and contemporary sale in London on July 1 realized £94.7 million ($189 million), the highest European contemporary sale ever and the only sale of the week to near its presale high estimate. The unsold rate was 5 percent. Notable results included Francis Bacon’s Study for Head of George Dyer, 1967 selling for £13.8 million, Jean-Michel Basquiat’s Untitled (Pecho/Oreja), 1982–83 selling for £5.1 million, and Richard Prince’s Overseas Nurse, 2002 selling for £4.2 million.

Fine Art

Looking for a particular work?

Share the artist, period, medium, budget, and timing that define your acquisition or sale objective.

Discuss Fine Art