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November 2013 fine-art market intelligence

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Fine art

AO – Auction results: Sotheby’s contemporary art evening sale, record sale for a Warhol, Thursday, November 13, 2013

artobserved.com

Andy Warhol’s Silver Car Crash (Double Disaster) is highlighted in Sotheby’s Contemporary Art Evening Sale coverage. The article discusses Sotheby’s record sale evening, with total sales over $380 million, beating the previous record of $375 million, and notes a high sell-through rate (88.5% by lot, nearly 95% by value) and commentary from Head of Contemporary Art Alexander Rotter and Auctioneer Tobias Meyer.

Fine art

Post-sale release: Giacometti painting sets new record at $33 million

press.christies.com

The Giacometti painting set a new record at $33 million in Christie’s post-sale release. The page reports running tally for Christie’s week of Impressionist & Modern Art sales and notes strong participation from bidders worldwide, including emerging participation from Mainland China.

Fine art

Francis Bacon painting sells for auction record 142 million US dollars

cbc.ca

Francis Bacon's 1969 triptych Three Studies of Lucian Freud sold for 142,405,000 US dollars at Christie's postwar and contemporary art sale in New York, setting a record for the most expensive artwork sold at auction. The sale price surpassed Edvard Munch's The Scream, which sold for about 119.9 million US dollars in 2012.

Fine art

Post-war and contemporary art evening sale achieves $691,583,000, highest auction total in art market history

press.christies.com

Christie’s post-war and contemporary art evening sale in New York achieved $691,583,000, the highest auction total in art market history. The release highlights a $142.4 million Francis Bacon triptych and $58.4 million for Jeff Koons’s Balloon Dog, with 10 world auction record prices and broad international demand. Artists named include Francis Bacon, Andy Warhol, Donald Judd, Lucio Fontana, Jackson Pollock, Mark Rothko, Jeff Koons, Christopher Wool, Roy Lichtenstein, and Jean-Michel Basquiat.

Fine art

Bacon’s $142 million triptych sets record in New York

bloomberg.com

The article reports Francis Bacon’s triptych Three Studies of Lucian Freud selling for $142.4 million at Christie’s in New York, setting a new auction record. It notes the sale exceeded Edvard Munch’s The Scream, sold by Sotheby’s in May 2012, by more than $20 million, and the work was sold to Acquavella Galleries.

Fine art

Francis Bacon work sells for a record-breaking $142 million

theatlantic.com

Francis Bacon’s triptych, Three Studies of Lucian Freud, sold for $142,405,000 at Christie's, setting a new auction record for a work of art. The piece comprises three panels from the 1969 portrait of Lucian Freud, and this sale followed years of assembling the panels into a single work for exhibition and sale.

Fine art

Christie’s Contemporary Sale sets new all-time auction record with Bacon and Koons top lots

observer.com

The Christie’s New York fall postwar and contemporary sale grossed $691.6 million, including a new all-time high for a publicly traded artwork, Three Studies of Lucian Freud by Francis Bacon, which sold for $142.4 million with premium. Jeff Koons’ Balloon Dog (Orange) sold for $58.4 million, making him the world’s most expensive artist at the time; the sale also saw several artists set records including Wade Guyton, Christopher Wool, Vija Celmins, Lucio Fontana, Ad Reinhardt, Donald Judd, Willem de Kooning and Wayne Thiebaud.

Fine art

Bacon painting fetches record price

bbc.co.uk

Francis Bacon's Three Studies of Lucian Freud (1969) sold for $142 million (£89 million) at Christie's in New York, setting a new record for a artwork at auction. The triptych, created in 1969 at London's Royal College of Art, eclipsed Edvard Munch's The Scream from the previous year. Jeff Koons' Balloon Dog (Orange) also set a living-artist record at the same auction.

Fine art

Warhol's Silver Car Crash sets artist record at Sotheby’s

paulfrasercollectibles.com

Warhol's Silver Car Crash (Double Disaster) sold for $105.4 million at Sotheby's Contemporary Art Evening Sale in New York, setting a new artist record for Andy Warhol. The work originated from the Death and Disaster series (1963) and is the only large Car Crash piece not in a museum; the other three are at MoMA, Kunstmuseum Basel, and MAK Vienna.

Fine art

Exclusive: The secret buyer of Bacon’s $142M triptych revealed as Qatar’s Sheikha Mayassa

pagesix.com

Francis Bacon triptych sold for $142 million at Christie’s to Acquavella Gallery on behalf of a client identified as Her Excellency Sheikha Al-Mayassa bint Hamad bin Khalifa Al-Thani. Sheikha Mayassa is described as the most powerful person in art, head of the Qatar Museums Authority, and involved in major acquisitions for Qatar’s cultural projects.

Fine art

Rediscovered $8.3 million Claude Lorrain leads Christie’s December 2013 Evening Sale of Old Masters

nordonart.wordpress.com

The article discusses Claude Gellée, called Claude Lorrain, a Mediterranean port at sunrise with the Embarkation of Saint Paula for Jerusalem, which sold for £5,066,500 (£4.45 million hammer price) in Christie’s December 2013 Old Masters Evening Sale. It notes the sale’s overall results, including 12 of 46 lots not selling and a highlighted piece by Marten van Cleve I, Saint George’s Day, which exceeded its estimates.

Fine Art

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