Monthly archive
19 headlines
Source-linked reporting
news.artnet.com
Christie’s evening Impressionist and Modern sale totals $286 million. Pablo Picasso’s Portrait de femme (Dora Maar) sold for a hammer price of $20 million, with premium ending at $22.6 million, below the $25 million estimate. Alberto Giacometti’s Femme de Venise IV sold for a hammer price of $11.2 million, and $12.7 million with premium.
businessinsider.com
Monet's Nymphaes, painted in 1907, sold at Christie's in New York for 27 million dollars, against an estimate of 25 to 35 million. The painting came from Huguette Clark's private collection and the Corcoran Gallery of Art; Corcoran will not receive a portion of the final sale price due to legal terms in Clark's estate.
artnews.com
Christie’s New York’s Impressionist and modern sale brought in $285.9 million, led by Monet, Picasso, and Modigliani, with 47 of 53 lots sold (89% sell-through). The top lot was Monet’s 1907 Nymphéas at $27 million, sold to a private Asian buyer; Picasso’s Portrait of a Woman (Dora Maar) sold for $22.6 million, below its low estimate of $25 million.
apnews.com
Monet’s 1907 Water Lilies from the Clark collection sold at Christie’s in New York for just over $27 million to an undisclosed Asian buyer. The sale was part of an auction of estate works including pieces by Degas, Matisse and Picasso, and Christie’s moved through 47 lots as part of Clark and Bronfman estates, totaling over $285 million.
theartwolf.com
Pablo Picasso Le Sauvetage, 1932 sold for $31,525,000 at Sotheby’s and Claude Monet Nymphéas, 1907 sold for $27,045,000 at Christie’s, leading the Impressionist and Modern auctions.
lawfuel.com
Serge Poliakoff painting titled “Composition abstraite [Abstract composition]” (the Poliakoff) was returned to Brazil after a seven-year investigation led by Preet Bharara and Bruce Foucart. The work was smuggled into the United States and forfeited to the United States, with a repatriation ceremony held in Manhattan.
news.artnet.com
Francis Bacon, Three Studies for a Portrait of John Edwards (1984) is listed with an asking price in the region of $75 million. The article discusses Christie’s and Sotheby’s high-value lots, including multiple $20 million+ estimates and a Francis Bacon triptych with a price target around $75 million; it notes historic high sale prices such as Bacon’s $142.4 million at Christie’s.
artnews.com
The Christie’s New York contemporary sale realized $134.6 million (estimate up to $124 million) with 35 works offered and 34 sold. Records were set for Joe Bradley, Dan Colen, Peter Doig, Wade Guyton, On Kawara, Martin Kippenberger, Glenn Ligon, Adam McEwen, Richard Prince, R. H. Quaytman and Thomas Schütte.
paulfrasercollectibles.com
Martin Kippenberger's Untitled painting set a world record at Christie's New York May 12 sale, selling for $18.6 million from a $12 million estimate. The result marks a substantial increase from his previous record of £3.2 million ($5.1 million) set at Christie's London in 2012. Peter Doig's Road House also achieved $11.9 million, an auction record for the artist.
news.artnet.com
Piet Mondrian’s Composition with Red, Blue and Grey (1927) is expected to set a new world record at Sotheby’s London Impressionist and Modern Art evening sale on June 23, with a £18 million estimate, surpassing Mondrian’s previous record of £17.6 million set in 2009.
news.artnet.com
The Christie’s contemporary sale titled If I Live I’ll See You Tuesday reached $134.6 million from 35 lots, with a 99.5 percent by value, and a top bid of $18.6 million for Martin Kippenberger’s 1988 untitled self-portrait. The piece set a new auction record for Kippenberger, beating a previous record of $6.4 million sold at Sotheby’s New York. Bidding involved Robert Manley and Xin Li, with intense competition and aggressive increments, culminating in a final hammer of $16.5 million ($18.6 million with premium).
artnews.com
Christie’s New York sold $744.9 million in contemporary art led by Barnett Newman’s $84.2 million, setting a new house record. The sale included top results for Alexander Calder, Joseph Cornell, Robert Gober, Robert Mangold, Joan Mitchell, Martin Puryear, Lucas Samaras, Salvatore Scarpitta, and Frank Stella, with 72 works offered and only four unsold.
news.artnet.com
Christie’s staged a $745 million evening sale that surpassed prior records, with nine lots priced at $20 million or more. The top lot was Barnett Newman’s Black Fire I (1961) selling for $84.2 million, and Francis Bacon’s Three Studies for a Portrait of John Edwards (1984) sold for $80.8 million. Andy Warhol’s Race Riot (1964) sold for $56 million after a bidding war led by Larry Gagosian.
news.artnet.com
Andy Warhol, Six Self Portraits (1986) sold for $30 million, above its low estimate of $25 million. Gerhard Richter abstract (1988) sold for $28.7 million on an estimate of $25–35 million.
bloomberg.com
Paul Allen’s ownership of a Mark Rothko painting helped Phillips sell $132 million worth of art in New York. The painting, Untitled (Red, Blue, Orange), was estimated at $50 million to $60 million and sold for $56.2 million with fees to August Uribe at Phillips.
news.artnet.com
Gustav Klimt's Die Medizin (Kompositionsentwurf), an 1897–98 study for a series originally commissioned for Vienna's Great Hall, was acquired by the Israel Museum, Jerusalem, from Hermann Wittgenstein's descendants. The painting is the only extant version of the three panels and is Klimt's first work by the artist to enter the museum's collection.
news.artnet.com
Lucio Fontana’s Concetto Spaziale (1957) sold for €1.08 million ($1.48 million) at Dorotheum in Vienna, surpassing the previous Fontana record. The presale estimate was €700,000–1,000,000. The article also notes a separate Fontana record at Christie’s New York for Concetto Spaziale, La Fine de Dio (1963) at $20,885,000, and mentions a Dorotheum result for Concetto spaziale, Attesa (68 T 77) (1968) at €1,071,389 ($1,453,322). It also reports a new world record for Paolo Scheggi’s Zone Riflesse (1965) at €573,300 on a €90,000–120,000 estimate.
news.artnet.com
The article discusses New Yorker Jose Mugrabi and his sons Alberto and David, detailing how the Mugrabi family became major art-market participants with the world’s largest Warhol collection outside Pittsburgh, including Warhol’s Men in Her Life sold for $63 million. It traces Jose Mugrabi’s life from Jerusalem to Colombia and New York, his entry into the art world after Warhol’s death, and the family’s collecting focus on Pop artists and commercially resonant works.
news.artnet.com
Vincent van Gogh, Head of a Man (1886) was returned to the heirs of Richard Semmel, a Jewish industrialist, by the National Gallery of Victoria after reviewing the context of its 1933 sale. The article discusses Semmel’s fleeing Nazi persecution and the painting’s restitution under the Washington Conference Principles on Nazi-confiscated Art and the Terezin Declaration.