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June 2011 fine-art market intelligence

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Fine art

Sotheby’s wins plaudits and pounds with its German art collection sale

pureartsgroup.blogspot.com

The auction highlighted a German post-war collection from Count Christian Duerckheim that achieved £108.8m, the highest contemporary art auction total in London, led by works by Gerhard Richter, Georg Baselitz and Sigmar Polke. Notable prices included Polke's Kopf (Head) at £3.7m, Baselitz's Der Baum at £1.8m, and Richter's 1024 Farben at £4.3m, with five artists setting records.

Fine art

AO Auction Results London Sotheby’s Contemporary Art Evening Sale realizes $174M; Duerckheim Collection brings in $97M

artobserved.com

Sotheby’s London contemporary art evening sale realized $174 million with a high estimate of $168.5 million, aided by the Duerckheim collection which brought $97 million against a $74 million high estimate. Top lots included Sigmar Polke’s Dschungel (Jungle), Francis Bacon’s Crouching Nude, Jean-Michel Basquiat’s Untitled, and Andy Warhol’s Debbie Harry.

Fine art

Zhang Daqian’s Jiaou Tu fetches 190 million HKD, a record

collection.sina.com.cn

The painting Jiaou Tu by Zhang Daqian, created in 1947, sold for 190 million Hong Kong dollars at Sotheby’s in Hong Kong on May 31, setting a new personal-record auction price for Zhang Daqian. The sale was part of the Meiyun Tang collection auction, with total auction value and records noted. The buyer was Taiwan’s Lin Baili, with other bidders mentioned.

Fine art

Christie’s Hong Kong sales reach HK$1.77 billion ($227 million) across six days, led by Zao Wou-Ki and Zeng Fanzhi

huffpost.com

The HuffPost article reports Christie's Hong Kong Modern & Contemporary sales totaling HK$1.77 billion ($227 million) across six days. Highlights include top lots by Zao Wou-Ki and Zeng Fanzhi, with a 5- and 4-times pre-sale high estimate hammer for specific works; 45 lots offered with 95% sold by value on the blockbuster evening, and a record-setting HK$492.6 million ($63 million) for the 20th Century and Contemporary Asian art sale. Zeng Fanzhi’s The Leopard was the standout piece and funds from its sale were donated to The Nature Conservatory.

Fine art

Works by Jared French, Mary Nimmo Moran and Thomas Hart Benton Bring Strong Prices at Swann Galleries

artnews.conteart.com

Jared French’s Siren sold for $138,000, Mary Nimmo Moran’s Long Island Landscape sold for $64,800, and Thomas Hart Benton’s Landscape, Martha’s Vineyard sold for $60,000 at Swann Galleries’ June 9 auction of American Art and Contemporary Art. Ogden M. Pleissner's Rail Shooting on the Connecticut River sold for $26,400; additional notable works were also highlighted.

Fine art

Sotheby’s auction makes $155 million with record sale for Schiele work

huffpost.com

Sotheby’s London sale of 35 lots brought in $155 million (97 million pounds). The top lot was Egon Schiele’s townscape Houses With Laundry (Suburb II), which sold for $40 million, a record for the artist, offered by the Leopold Museum, Vienna. Other notable results included Alberto Giacometti’s Trois hommes qui marchent II at 10.7 million pounds and Pablo Picasso pieces Couple, Le Baiser and Homme a la pipe et nu couche at 6.5 million pounds and 4.8 million pounds respectively.

Fine art

Leopold Museum settles restitution dispute with heirs over Romak paintings

artinvestment.ru

The Leopold Museum in Vienna reached a settlement with the heirs of Maurice Ayzlera regarding two Anton Romak paintings, Castle Grayllenshtayn and Countess Kyufshteyn at the easel, allowing the works to remain in the museum in exchange for compensation. The dispute involved the art seized by the Gestapo from Ayzlera, who survived Auschwitz and later returned to Brno. The museum previously also settled with the heirs of collector Jenny Steiner over an Egon Schiele painting for $5 million.

Fine art

Hascoe collection sale sets records for modern Czech art

artnews.com

Frantisek Kupka’s Movement, 1913–19 sold for a record £1.5 million ($2.4 million) at Sotheby’s London. Josef Capek’s Sailor and Phantomas, 1917–20 and Karel Cerny’s In the Bar, 1946 also set records at the Hascoe collection sale in London, which realized £11.1 million ($18 million) against estimates of £4.2 million/£6.2 million. Otto Gutfreund’s Cubist Head, 1913–14 cast posthumously also set a record at £34,850 ($56,600).

Fine art

Strong Sales in London for Some German Artists

nytimes.com

This article reports on Sotheby’s auction in London featuring 34 works from Count Christian Duerckheim’s collection, highlighting prices for contemporary German artists Sigmar Polke, Georg Baselitz, and Blinky Palermo, among others. The Duerckheim collection totaled $96.6 million, contributing to an evening total of $174.1 million with 9 of 88 works not selling.

Fine art

Bacon and Warhol works snapped up at £108m art auction

bbc.com

Francis Bacon's Crouching Nude and Andy Warhol's Debbie Harry were among works sold. An auction at Sotheby's in London achieved £108.8m, with artist records for Sigmar Polke and Georg Baselitz. Other notable results included Jean-Michel Basquiat's early untitled painting at £5.4m and several works from the Duerckheim collection.

Fine art

Monet and Picasso Lead £115-164 Million Christie's London Sale

Christie’s

Christie’s announced a 92-lot London Impressionist and Modern Art evening sale estimated at £115–164 million, led by works from the Ernst Beyeler estate and major paintings by Monet and Picasso.

Fine Art

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