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February 2014 fine-art market intelligence

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Fine art

Auction record smashed for Spanish cubist artist Gris

en.tengrinews.kz

Juan Gris's Cubist still life Nature Morte a la Nappe a Carreaux sold for £34.8 million at a London sale, smashing the auction record for the Spanish artist. The piece, from 1915, depicts objects on a checked tablecloth and had pre-sale estimates of £12-18 million. The report also notes other top lots and the cancelled sale of 85 Joan Miró works due to a Portuguese legal dispute.

Fine art

Juan Gris nature morte smashes artist record by 98 percent

paulfrasercollectibles.com

Juan Gris' Nature morte a la nappe a carreaux (1915) sold for £34.8m ($56.6m) at Christie's Impressionist and Modern Art Evening Sale in London, setting a new record for the artist's work at auction. The sale also featured Picasso's Femme au costume turc dans un fauteuil (1955), Mondrian's Composition No. II with Blue and Yellow (1930), and Giacometti's Trois hommes qui marchent I (1951).

Fine art

Paintings by modern masters Juan Gris and Pablo Picasso fetch record price at auction

smh.com.au

Nature morte à la nappe à carreaux by Juan Gris sold for £35 million, a world record for the artist and for any Cubist work at Christie’s London. Picasso’s Femme au costume turc dans un fauteuil sold for £17 million. The sale's total exceeded £177 million at Christie’s London Impressionist, Modern and Surrealist Art auction.

Fine art

Vente record à Londres emmenée par une œuvre de Juan Gris et d’autres chefs-d’œuvre au programme

rtbf.be

Juan Gris, Nature morte à la nappe à carreaux (1915), vendu 34,8 millions de livres (41,8 M d'euros) battant le record mondial pour l’artiste; Picasso, Femme au costume turc dans son fauteuil (1955) vendu 16,88 millions de livres (20,29 M d'euros). D’autres pièces de Le Corbusier, Carlo Carrà et Dorothea Tanning ont aussi établi des records; Magritte et Léger ont aussi des ventes marquantes; Giacometti et Mondrian complètent les résultats, tandis que 85 œuvres de Joan Miró ne seront pas proposées.

Fine art

The Art Market: Sotheby’s Impressionist and modern art auction scores £163.5m

ft.com

The Art Market: Sotheby’s Impressionist and modern art auction scores £163.5m reports that Sotheby’s achieved £163.5m in an auction, led by 37 works from Jan Krugier’s private collection and a notable sale of Camille Pissarro’s Le Boulevard Montmartre (1897) at £19.7m. The Pissarro piece exceeded its £7m-£10m estimate, and the sale reflected strong bidding and positive sentiment in the market.

Fine art

Sotheby’s London breaks record with Pissarro and Van Gogh at auction

economictimes.indiatimes.com

Camille Pissarro's Boulevard Montmartre, matinee de printemps (1897) sold for a record £19.9/$32.1 million at Sotheby’s London Impressionist & Modern Art Sale. Vincent van Gogh's L'Homme est en mer (1889) sold for £16.9 million/$27.5 million in the same sale.

Fine art

Getty acquires early drawing by Georges Seurat

getty.edu

Georges Seurat's early drawing Indian Beggar (c. 1878–79) was purchased at auction by the J. Paul Getty Museum from the Krugier collection. The museum emphasizes the work as a pivotal early achievement and notes it complements existing Seurat holdings, including Madame Seurat, the Artist’s Mother; Poplars; and Woman Strolling.

Fine art

Gerhard Richter Wand (1994) sells for £17.4 million at Sotheby’s London sale

paulfrasercollectibles.com

Gerhard Richter Wand (1994) sold for £17.4m ($28.7m) at Sotheby’s contemporary art evening sale in London, exceeding its £15m ($25m) estimate by 16%. The work is cited as one of Richter’s finest and has appeared in 21 exhibitions, with this being its first auction sale. Cy Twombly record auction also noted in the report.

Fine art

Francis Bacon work sells for $70 million at Christie’s auction

nytimes.com

Francis Bacon’s Portrait of George Dyer Talking, a 1966 canvas, sold for $70 million at Christie’s in London. The work had previously sold in 2000 for $6.6 million and was sold by David Martinez; the sale contributed to Christie’s total of $206.1 million for the evening. The triptych Three Studies of Lucian Freud, a different Bacon work, had set a record earlier in New York for $142.4 million.

Fine art

Francis Bacon George Dyer Talking portrait sells for £42.2m to set European record

independent.co.uk

Francis Bacon's George Dyer Talking portrait sold for £42.2 million at Christie's, setting a European auction record. The 6ft tall canvas depicts Bacon's former lover George Dyer and surpassed the pre-sale estimate of around £28 million. Damien Hirst's Mickey sculpture sold for £902,500 as part of the same Christie’s Post War And Contemporary Art auction.

Fine art

The Art Market safe bets vs rising stars

ft.com

Gerhard Richter’s ‘Abstraktes Bild 776-1’ (1992) is noted, with a sale led by Phillips’ £10.9m sale and a Lucien Smith painting selling for £194,500, amid discussions of rising stars like Lucien Smith and Oscar Murillo and blue-chip names such as Warhol, Bacon, Basquiat, Freud and Fontana.

Fine art

Gerhard Richter and Cy Twombly top auction block at Sotheby’s

news.artnet.com

Gerhard Richter Wand (Wall), 1994 sold for £17.4 million ($29.2 million) and Cy Twombly Untitled (Rome), 1964 set an artist record, as paintings by Gerhard Richter and Cy Twombly led Sotheby’s Contemporary evening sale in London on February 12, with total sales near £88 million ($147.3 million).

Fine art

Banksy work Kissing Coppers auctioned for US$575,000 in Miami

malaymail.com

Banksy created Kissing Coppers, a black-and-white stencil of two British police officers kissing, was sold for US$575,000 at a Miami auction. The sale was conducted by Fine Art Auctions Miami and the piece was purchased by an anonymous telephone bidder.

Fine art

Explosive fine art prices: paying £42m for Francis Bacon's lover

ibtimes.co.uk

Francis Bacon's Portrait of George Dyer Talking sold for £42m at Christie's post-war and contemporary auction in London, setting a record for a single-panel Bacon. The painting contributed about a third of Christie's total auction sales of £124m that night. Two Christie's specialists competed via phone bidding on behalf of clients, with the winner an anonymous US buyer.

Fine art

Banksy’s ‘Kissing Coppers’ auctioned for US$575,000

taipeitimes.com

Banksy’s Kissing Coppers, a black-and-white stencil of two police officers kissing, sold for US$575,000 at a Miami auction. The piece was purchased by an anonymous telephone bidder and originated from the Prince Albert Pub in Brighton, England, in 2005. It was auctioned along with Bandaged Heart Balloon and Crazy Horse Car Door as part of Banksy’s works from a month-long street residency in New York City.

Fine art

The picture (blue star) by Joan Miró goes under the hammer at Sotheby’s in London setting a new record

bashny.net

Joan Miró's painting The picture (blue star) sold at Sotheby’s in London for 23.6 million pounds, surpassing its estimate and setting a new record for the artist. The work, created in 1927 and part of Miró's blue-dominated dream cycle, was previously sold for 11.6 million euros in Paris in 2007. The sale marks the most expensive artwork auctioned by Sotheby’s in the year.

Fine Art

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