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November 2012 fine-art market intelligence

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Fine art

Fitzwilliam Museum and Art Fund secure Nicholas Poussin masterpiece

cadogantate.com

The Fitzwilliam Museum and the Art Fund secured Nicholas Poussin’s Extreme Unction (1638-40) for £3.9 million, supported by a £3 million Heritage Lottery Fund grant and almost £1 million in public donations. The painting, previously at risk of leaving the country, will become part of the museum’s permanent collection with plans for a touring exhibition and enhanced digital resources for scholars.

Fine art

Monet painting sells for $43.8 million at New York auction

upi.com

Claude Monet's 1905 water-lilies painting, titled Nympheas, sold for $43.8 million at a Christie’s New York auction. The sale was part of Christie’s Impressionist and Modern Art sale, and the painting came from the Hackley School in Tarrytown, donated by the family of the late investor Herb Allen.

Fine art

Sotheby’s continues downbeat week for Impressionists and Moderns

artnews.com

Sotheby’s New York reported a lackluster $163 million sale of Impressionist and Modern art, short of the $170–$245 million estimate. Picasso topped the evening with a $41.5 million work, Nature Morte aux Tulipes, amid several high-profile names and a 31% unsold rate.

Fine art

$75m Rothko leads record Sotheby’s auction

historynewsnetwork.org

The article reports Sotheby’s sold a Mark Rothko abstract for $75 million at a contemporary-art auction, part of a $375 million sale that surpassed Sotheby’s previous company-record. The Rothko work is titled No. 1 (Royal Red & Blue). The auction’s total exceeded the $362 million from a May 2008 sale. The painting’s bidders included at least five buyers, with Charlie Moffett securing the winning bid.

Fine art

Record total at Sotheby’s led by Rothko, Pollock, Bacon

artnews.com

The sale at Sotheby’s New York brought in $375.2 million, topping the evening’s high estimate and setting records for artists including Jackson Pollock, Franz Kline, Hans Hofmann, Arshile Gorky, Robert Motherwell, and Wade Guyton, plus a Warhol work on paper. The top lot was Mark Rothko’s No. 1 (Royal Red and Blue), which sold for $75.1 million, with the house’s previous high at $362 million set in May 2008.

Fine art

Mark Rothko painting sells for $75 million at New York auction

upi.com

Mark Rothko, the artist of No. 1 Royal Red & Blue (1954), had his painting sold for $75 million at a Sotheby’s contemporary-art auction in New York. The sale reportedly attracted at least five bidders and was sold to an unnamed client of Sotheby’s specialist Charlie Moffett; the auction total for the sale was about $375 million according to The Wall Street Journal.

Fine art

Biggest contemporary art auction at Christie’s New York, again

artnews.com

The Christie’s New York sale set a record for postwar and contemporary art with $412 million, including new records for Jean-Michel Basquiat, Franz Kline and Jeff Koons. The top lot was Andy Warhol’s 3D Statue of Liberty (1962) sold for $43.8 million.

Fine art

Warhol, Kline shine at Christie’s record-setting auction

theartwolf.com

Andy Warhol, Jean-Michel Basquiat, Franz Kline, Roy Lichtenstein and Jeff Koons are highlighted for record-setting prices at Christie’s November 14, 2012 sale. Andy Warhol’s Statue of Liberty silkscreen work sold for 43,762,500 USD, Basquiat’s Untitled (1981) brought 26,402,500 USD, and Kline’s Untitled (1957) realized 40,402,500 USD. The auction also set a new world record for Koons with Tulips at 33,682,500 USD and for Basquiat with Untitled (1981) at 26,402,500 USD; Lichtenstein’s Nude with Red Shirt sold for 28,082,500 USD.

Fine art

Allentown Art Museum acquires Franz Kline painting

museumpublicity.com

Allentown Art Museum of the Lehigh Valley acquired Franz Kline’s Lower East Side Market Scene, circa 1938, purchased at Christie’s in New York (Lot 96) on September 25, 2012. The work is connected to the exhibition Franz Kline: Coal and Steel running in the Scheller Gallery through January 13, 2013.

Fine Art

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