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February 2010 fine-art market intelligence

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Fine art

AO Auction Results London Sotheby’s Contemporary Evening Sale the second most successful contemporary auction ever held at Sotheby’s London

artobserved.com

The article covers Sotheby’s London contemporary art evening sale, noting a total of £54.1 million and that 15 of 77 lots sold for over £1 million. It states the sale was the second most successful contemporary auction ever held at Sotheby’s London, with 21 new artist records and remarks from Cheyenne Westphal about market confidence.

Fine art

Sotheby’s Evening Sale features premier works by Klimt, Giacometti, Cézanne, Matisse and Magritte

fadmagazine.com

The article covers Sotheby’s Evening Sale of Impressionist & Modern Art on February 3, 2010 in London, highlighting three works estimated over £10 million by Klimt, Giacometti, and Cézanne, along with major pieces by Matisse, Feininger, Schiele, Magritte, Miró and Moore. It discusses Cézanne’s still-life Pichet et fruits sur une table (1893-94) estimated at £10-15 million and notes provenance and critical commentary related to Cézanne’s still-lifes.

Fine art

At $104.3 million, Giacometti sets record for work of art at auction

artforum.com

Giacometti's Walking Man I, a six-foot-tall bronze, sold for $92.5 million, or $104.3 million with fees, at Sotheby’s in London to an unidentified telephone bidder. The bid exceeded the previous Giacometti record and surpassed the $104.1 million record set by Picasso in 2004 for Boy with a Pipe at Sotheby’s in New York.

Fine art

Nazi-looted Klimt sells for $45.4M

cbc.ca

Gustav Klimt's Kirche in Cassone (Church in Cassone) sold for $45.4 million at a London auction. The Montreal heir Georges Jorisch will split proceeds with the current owner, who bought the work in good faith. Sotheby's had estimated $19–$29 million CAD before bidding exceeded the expectations.

Fine art

La Belle Ferronniere sale stuns at Sotheby’s auction

thenyindependent.com

A painting with a long and controversial provenance tracing back to Leonardo da Vinci, La Belle Ferronniere, sold for $1.5 million at a Sotheby’s Old Masters auction as part of a $61.5 million sale; a private unnamed collector purchased the work which is believed to depict Lucrezia Crivelli, mistress of Ludovico Sforza.

Fine art

Meltdown no more? Records fall as art sales surge – San Diego Union-Tribune

sandiegouniontribune.com

Alberto Giacometti's Walking Man I sold at Sotheby’s London for about $104.3 million, setting a world auction record. Gustav Klimt’s Church in Cassone sold for $42.4 million at the same sale, while Picasso’s Tete de Femme (Jacqueline) brought $12.7 million at Christie’s in New York, with Christie’s noting a buoyant market.

Fine art

Alberto Giacometti's Walking Man I sells for a record £65,001,250 / $104,327,006 at Sotheby’s

auctionpublicity.com

Alberto Giacometti's L’homme qui marche I (Walking Man I) sold for £65,001,250 / $104,327,006 / €74,185,983 at Sotheby’s, becoming the most expensive work of art ever sold at auction. The sale was followed by Gustav Klimt’s Kirche in Cassone which sold for £26,921,250 / $43,208,606 / €30,725,246, setting a new landscape record for the artist, and the sale overall realised £146,828,350 / $235,659,502 / €167,575,324, the highest value sale ever staged in London.

Fine art

Johns' Flag owned by Michael Crichton to be sold

deseret.com

The Deseret News reports that four pieces from Michael Crichton's art collection, including Jasper Johns' Flag (1960–66), will be auctioned by Christie's in New York in May; the sale highlights Crichton's notable collecting of 20th-century masters such as Pablo Picasso, Andy Warhol, and Johns. The centerpiece is Johns' Flag, one of a series transforming the image of the U.S. standard and a key work in pop art history.

Fine art

Giacometti sale sets new record at Sotheby’s evening auction, surpassing previous $104.2 million benchmark

artnews.com

The article reports that Alberto Giacometti's L’Homme qui marche I (Walking Man I), 1960, sold for 65 million pounds (about $104.3 million), a new record for the most expensive artwork sold at auction, at Sotheby’s evening sale of Impressionist and modern art in London. The previous record was Pablo Picasso’s Rose Period Garçon à la pipe, 1905, at $104.2 million. The sale total reached £146 million ($236 million) with 31 of 39 lots sold.

Fine art

A great night for Sotheby’s contemporary art auction

nytimes.com

Sotheby’s contemporary art auction in London sold 74 of 77 lots for £54.07 million (about $84.5 million) in a two-hour session led by Tobias Meyer. The sale featured 49 works from Gerhard and Anna Lenz, including pieces by Heinz Mack, Otto Piene, and Günther Uecker; notable lot prices included Untitled (Lamellen Relief) at £205,250, Rauchbild at £223,250, and a third lot by Uecker at £825,250.

Fine art

Major Polaroid collection hits the auction block

artforum.com

The article discusses a large Polaroid collection assembled by Polaroid founder Edwin H. Land, with works by Andy Warhol, Ansel Adams, and Chuck Close, going on the auction block at Sotheby’s in New York on June 21–22; the collection is expected to fetch $7.5 million to $11.5 million across 1,200 objects, including 400 photographs by Ansel Adams and works by Close, Wegman, Robert Rauschenberg, David Hockney, Robert Frank, Robert Mapplethorpe, Warhol, and Lucas Samaras.

Fine art

14th American International Fine Art Fair reports record attendance

fineartpublicity.com

The 14th American International Fine Art Fair (AIFAF) reported a record 5,100 collectors attended the opening Vernissage honoring the Norton Museum of Art at the Palm Beach County Convention Center. First-day sales highlighted strong activity in painting, sculpture, drawings, and photographs, with notable works by Giacometti, Eugene von Blaas, Andrew Wyeth, Henri Matisse, Picasso, Bernhard Österman, Jean Dufy, Tom Wesselmann, and Harry Benson among others.

Fine art

Yves Klein's Relief eponge sells for $9,149,790 at Christie's Contemporary Art Sale

fadmagazine.com

Yves Klein's Relief éponge (RE47II) by Yves Klein sold for £5,865,250 / $9,149,790 / €6,633,598 at Christie's Post-War and Contemporary Art Evening Sale in London on 12 February 2010, with an estimate of £5 million to £7 million. The work was described as the longer of only two gold sponge reliefs by Klein and had been in the vendor's collection since around 1980.

Fine art

Skinner Americana sale features William Bradford ship portrait

fineartpublicity.com

William Bradford is the artist for Portrait of the Whaleship Young Hector off Clark’s Point, New Bedford (Lot 190) with an estimate of $60,000–$80,000. The sale also includes works by Susan Catherine Moore Waters, John Samuel Blunt, Frank Henry Shapleigh, James Edward Buttersworth, and other marine and Americana pieces, alongside Mochaware pottery. Estimated prices for the Watera and Blunt works are $8,000–$12,000 and $15,000–$25,000 respectively; Shapleigh’s Overlooking the Harbor, Cohasset, Massachusetts is estimated at $4,000–$6,000; Buttersworth’s Yacht Race is $15,000–$20,000.

Fine art

Robust demand for masterworks fuels Sotheby’s record London sale

artnews.com

The article reports Sotheby’s London evening sale of Impressionist and modern art achieving £146.8 million ($235.6 million) with 39 lots offered and 31 sold. It highlights top-dollar works by Alberto Giacometti, Gustav Klimt, and Paul Cézanne totaling £104 million, and notes individual performance such as Camille Pissarro, Henri Matisse, Egon Schiele, Fernand Léger, and Henry Moore pieces, plus market context and estimates versus results.

Fine Art

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