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December 2009 fine-art market intelligence

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Fine art

Contemporary Art auction report warhol’s dollar bills attract big bucks in New York sales

theartnewspaper.com

Georgina Adam and Charlotte Burns report on contemporary art sales in New York (Christie’s, Sotheby’s, Phillips de Pury) in November with Warhol’s 200 One Dollar Bills and Tunafish Disaster among notable results; prices exceeded estimates at mid/high ranges and record results were noted for Jean Dubuffet.

Fine art

Classical paintings shine at Christie’s in Hong Kong

visionsarts.com

Fu Baoshi’s Landscape inspired by Dufu Poetic Sentiment sold for HK$60 million ($7.7 million), setting a world auction record for the artist. Wu Bin’s 18 Arhats fetched nearly $25 million, a world record for a Chinese artwork. Chu Teh-Chun’s Vertige Neigeux sold for $5.8 million, an auction record for the artist. Zao Wou-ki’s 19-11-59 brought $3.9 million. Ren Renfa’s Five Drunken Kings Return on Horses realized $6 million.

Fine art

Has art world recession ended Christie’s sale will tell

thenyindependent.com

Rembrandt’s Portrait of a man with arms akimbo is highlighted as a potential record piece in Christie’s London sale of old masters, with pre-sale estimates up to $45 million. The article notes evidence of renewed collecting and cites record sales by Edgar Allan Poe items as context for a recovering market.

Fine art

Max Beckmann painting auctioned at Villa Grisebach

fineartpublicity.com

Max Beckmann’s View of the Outskirts at the Sea near Marseille, 1937, sold for 2,618,000 Euros in Berlin, a new world record for a Beckmann landscape. The work was acquired by a Southern German private collection as part of Villa Grisebach’s fall auctions, which overall totaled 8.6 million euros in the Evening Sale. Other notable prices included Max Liebermann, Karl Hofer, Gabriele Münter, Alexej von Jawlensky, Emil Schumacher, Günther Uecker, and Alex Katz.

Fine art

Old Masters fetch record prices

latimes.com

A Rembrandt portrait sold for $32.9 million at Christie’s International in London, the artist’s record at auction, and a Raphael drawing sold for $47.5 million, the most for an Old Master drawing at a public sale.

Fine art

Art Sales: top heavy week for Old Masters

telegraph.co.uk

Colin Gleadell reports that four lots accounted for two thirds of the £95 million of Old Masters sales at London auctions held by Sotheby’s, Christie’s and Bonhams. The piece notes record prices dominating coverage, including a £29 million Raphael drawing sale.

Fine art

A wonderful week for Warhol at fall auctions

artnews.com

The article discusses Warhol works at Sotheby’s New York, including the sale of 200 One Dollar Bills, 1962 for $43.8 million and Self-Portrait, 1965 selling for $6.1 million, with broader context on Warhol prices and market activity in the postwar/contemporary auction environment.

Fine art

Pent-Up Demand Fuels Record Prices at Sotheby’s Contemporary

artnews.com

Andy Warhol's 200 One Dollar Bills and Untitled (Roll of Dollar Bills) featured in Sotheby’s Postwar and Contemporary sale, which brought in $134.4 million in New York. Works by Andy Warhol, including Diamond Dust Oxidation Painting (1978) and Tunafish Disaster (1963) sold, with prices ranging up to $1.2 million; Richard Prince’s Doctor’s Nurse (2002) sold for $1.7 million; Jasper Johns’s Gray Numbers (1957) sold for $8.7 million; Donald Judd’s Untitled (1980) sold for $1.2 million; Jean Dubuffet’s Trinité-Champs-Elysées (1961) sold for $6.1 million. Gagosian and museum representatives were active bidders, with Juan Muñoz’s Five Seated Figures (1996) purchased by Reina Sofía and Alice Neel’s Jackie Curtis and Rita Red acquired by the Cleveland Museum of Art.

Fine art

Raphael and Rembrandt Records Drive £68.4 Million Old Masters Sale

Christie’s

Christie’s reported a record £68.4 million total for its Old Masters and 19th Century Art auction. A Raphael drawing sold for £29.2 million and a Rembrandt portrait for £20.2 million, both setting records.

Fine Art

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