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November 2009 fine-art market intelligence

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Fine art

Less is More at Christies

artnews.com

Maegis blog headline field could not be determined from the page content; the page discusses Christie’s Impressionist and Modern Day and evening sales in New York with highlights including works by Pissarro and Degas and Monet, and estimates for several works.

Fine art

Ruscha print sets new world auction record at Bonhams & Butterfields

fineartpublicity.com

Edward Ruscha’s Standard Station (E. 5), 1966, sold for $170,000, setting a new world auction record for a Ruscha print. The sale was part of Bonhams & Butterfields’ Fine Prints on November 3, 2009, with the piece published by Audrey Sabol and printed by Art Krebs. Other notable lots included Georges Braque’s Composition (Nature Morte I) and Pablo Picasso pieces.

Fine art

Sotheby’s outguns Christie’s with sale of Giacomettis, Picassos

activerain.com

Sotheby’s evening sale in New York totaled $181.8 million, led by Alberto Giacometti’s L’Homme Qui Chavire (Falling Man) at $19.3 million and Picasso’s Buste D’Homme at $10.4 million; Christie’s sale the night before underperformed. Other notable results included Andre Derain’s Barques au port de Collioure at $14.1 million.

Fine art

Warhol fetches $43.7 million at auction

nytimes.com

Andy Warhol. Artwork discussed: 200 One Dollar Bills. $43.7 million (including fees to Sotheby’s). Other figures: Sotheby’s total $134.4 million, high estimate $12 million.

Fine art

Sotheby’s posts best results since 2004

artnews.com

Sotheby’s posts best results since 2004, with 52 of 54 lots sold and prices exceeding estimates in many cases. Notable works include de Kooning Large Torso (1974) sold for $5,682,500 and Warhol’s 200 One Dollar Bills (1962) hammered at $39,000,000, with bidding activity from multiple parties including collectors and phone bidders.

Fine art

Bucking the Trend

artforum.com

Sarah Thornton at Sotheby’s Contemporary Art Evening Sale; Warhol’s 200 One Dollar Bills discussed as a potential $40 million sale price

Fine art

Low estimates lure buyers to Lehman Brothers art sale

artnews.com

Roy Lichtenstein’s I Love Liberty, 1982 led the Lehman section of Freeman’s sale, selling for $49,000 (estimate $15,000/25,000). Other notable results included Friedel Dzubas’s Tundra II, 1962 at $28,600 (estimate $10,000/15,000), Robert Indiana’s Polygons, 1975 at $23,750 (estimate $6,000/8,000), Bernar Venet’s 97.5° Arc x 14, 2003 at $22,500 (estimate $20,000/30,000), Byron Browne’s Image in Black, 1948 at $25,000 (estimate $4,000/6,000), Georges Schreiber’s Brooklyn Bridge, 1945 at $20,000 (estimate $4,000/6,000), David Hockney’s Godetia, 1973 at $16,250 (estimate $7,000/10,000), Louis Lozowick’s Mural Study: Lower Manhattan, 1934 at $15,000 (estimate $3,000/5,000) and Above the City, 1932 at $10,625 (estimate $600/1,000). The Lehman collection total reached $1.35 million, with overall estimates of $500,000–$750,000; Freeman’s planned additional Lehman sales on Dec. 6 and Feb. 12, 2010.

Fine art

Sotheby’s auction sees depth of bidding on all levels

artnews.com

Sotheby’s evening sale of Impressionist and modern art, held Nov. 4, realized $181.8 million, above the estimate of $115.3/163 million. The top lot was Alberto Giacometti’s L’homme qui chavire, sold for $17.2 million, followed by André Derain’s Barques au port de Collioure, which sold for $14 million. Provenance from the Durand-Ruel family and other strong demand from international bidders were cited as factors; the sale benefited from a weaker U.S. dollar.

Fine art

Warhol sale symptom of slow recovery

thenationalnews.com

Andy Warhol's 1962 200 One Dollar Bills sold for $43,762,500 (Dh161m) at Sotheby's, marking a notable sale in New York contemporary art auctions and contributing to Sotheby's total of $134,438,000. Christie's also reported a positive sale, with Reflections (What Does Your Soul Look Like) by Peter Doig selling for $10,162,500.

Fine art

Emil Filla Still Life Sets New World Sale Record at Bonhams & Butterfields

fineartpublicity.com

Emil Filla’s Still life with a Lemon, Bottle of Olive Oil, Bell Peppers and a Bowl of Vegetables, 1925, sold for $266,000 at Bonhams & Butterfields in Los Angeles on November 17, 2009, setting a new world auction record for the artist. The sale totaled more than $2-million and included works by Maurice Utrillo, Alexander Archipenko, Raymond Duchamp-Villon, Jack Bush, Tom Wesselmann, Amedeo Modigliani and Jim Dine.

Fine art

The Clark Acquires Great Barbizon School Painting

fineartpublicity.com

Pierre Étienne Théodore Rousseau, Farm in the Landes (House of the Garde), an oil on canvas from the Barbizon School, was acquired by the Sterling and Francine Clark Art Institute in Williamstown, Massachusetts. The painting, dated between 1844 and 1867, is titled Farm in the Landes and measures 25 1/2 by 39 inches.

Fine art

Brno art fair sees potential record-setting deal

english.radio.cz

František Kupka's 1947 abstract painting Prisme was reserved by an interested buyer at an art fair in Brno, with a potential 39 million Czech crowns (about 2.2 million USD) deal that could set a new Czech art market record. The painting Prisme was previously owned by a gallery in Japan and later sold to a Czech collector; the standing Czech auction record is 22.1 million crowns (about 1.3 million USD) set in 2007 for Élévation by Kupka at a Prague auction.

Fine Art

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