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October 2015 fine-art market intelligence

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Fine art

A new fortune for Fontana: the sale of Lucio Fontana’s oil on canvas composition Concetto Spaziale, La Fine di Dio (1963) sets a new record at Sotheby’s London

italianartsociety.org

Lucio Fontana’s Concetto Spaziale, La Fine di Dio (1963) sold at Sotheby’s London for $24.7 million, setting a new record for Fontana and for post-war Italian art. The work is part of the La Fine di Dio series (1963–1964) featuring perforations and ovoid canvases exploring Spatialism.

Fine art

Christie’s $9.6 million first open sale blends blue-chip stars with emerging talent

news.artnet.com

The article discusses Christie’s first Open sale in New York, which grossed $9.6 million from 244 of 352 lots. It highlights top results such as Damien Hirst’s Beautiful, Exotic, Erotic, Divinely, Deep, Devil, Painting (1995) selling for $509,000 and Theodoros Stamos’s Listening Hills Low Sun (1957-58) at $341,000, with other notable works by Michael Goldberg and Georg Baselitz.

Fine art

Controversial Banksy salvaged from Detroit ruins fails to fetch at auction

news.artnet.com

Banksy’s Salvaged piece from Detroit, I Remember When All This Was Trees (2010), sold at Julien’s Auctions for $137,500 after being salvaged from the Packard Plant. The gallery 555 Gallery is set to net $110,000 from the sale, while a companion Banksy work, Donkey Documents, did not sell despite a $400,000–$600,000 estimate.

Fine art

Yayoi Kusama's No. Red B sells for $7 million at Sotheby’s Hong Kong

paulfrasercollectibles.com

Yayoi Kusama's No. Red B, a 1960 oil on canvas, sold for $7 million at Sotheby’s Hong Kong during the Modern and Contemporary Asian Evening Art Sale. The work stands about 1.7 metres tall and narrowly misses Kusama's auction record of $7.1 million set by White No. 28 in November of the previous year.

Fine art

New acquisition of James Ensor in the collection of KMSKA

vlaamsekunstcollectie.be

The Royal Museum of Fine Arts in Antwerp (KMSKA) bought the drawing Fireplace utensils and masks by James Ensor at a Brussels auction, describing it as one of the few 'hybrid' drawings. The work, a black chalk on paper piece measuring 22.2 cm by 17.5 cm, represents a half realistic half surreal composition and expands KMSKA's Ensor collection.

Fine art

Sotheby’s to auction Picasso and Monet masterworks from William Koch collection

artnews.com

Sotheby’s announced the auction of Picasso’s Blue Period painting La Gommeuse (1901) and Monet’s Nymphéas (1908) from William I. Koch’s collection, with La Gommeuse estimated over $60 million and Nymphéas estimated $30–$50 million. The sale will take place at Sotheby’s Impressionist and Modern Art Evening Sale in New York on November 5, with public display in London during Frieze week.

Fine art

A Visual Odyssey: Selections from LAC Lambert Art Collection achieves £14,975,123 /$22,867,015/ €19,991,791

press.christies.com

The Christie’s press release reports that A Visual Odyssey: Selections from LAC (Lambert Art Collection) achieved £14,975,123 /$22,867,015/ €19,991,791. The sale featured Christopher Wool works, including Untitled (£4,898,500) and other works by Wool, along with a Louis XV ormolu mounted ebony bureau plat, with strong cross-border interest from bidders in 42 countries and five continents.

Fine art

Strauss Summer Auction headlined by rare and exemplary works by Preller, Stern, Kentridge, Pierneef and Van Wouw

straussart.co.za

Alexis Preller, Irma Stern, Hendrik Pierneef, William Kentridge, Deborah Bell, Anton van Wouw, Cecil Skotnes, Lucas Sithole, Karel Nel and Cecily Sash are highlighted for the Strauss & Co Summer auction in Johannesburg on 9 November. Notable works include Apollo Kouros II and The Creation of Adam I by Alexis Preller, with other top pieces by Stern, Pierneef and Van Wouw mentioned among the featured lots. The auction also references prior records and international works, including Ivon Hitchens’ Long Boat.

Fine art

Lucian Freud etchings fetch £1m at Phillips London

theartnewspaper.com

Lucian Freud etchings of his muse Sue Tilley sold for more than £100,000 each at Phillips London on 15 October 2015, with 30 of 32 etchings selling for a combined £1m. A rare 1996 self-portrait and a 2002 Eli the whippet sketch also featured among the highlighted lots.

Fine art

Basquiat leads Sotheby’s 56.3 million sale during Frieze week

news.artnet.com

Jean-Michel Basquiat’s Untitled (The Black Athlete) (1982) led Sotheby’s sale during Frieze week, selling for £4.1 million. Other works from the same collection, including Andy Warhol portraits and paintings, also sold within or above estimates, with Warhol pieces achieving notable returns; total sale was £36.4 million.

Fine art

Chinese bidding boosts Christie’s $55 million contemporary evening sale in London

news.artnet.com

Peter Doig’s Cabin Essence (1993-1994) led Christie’s evening sale in London, selling for £9.6 million ($14.8 million). Martin Kippenberger’s A celebrity in film, radio, television and police call boxes (1981) sold within estimate for £2.4 million. Gerald Laing’s Commemoration (1965) sold for £1.2 million, a double estimate, and Albert Oehlen’s 1989 abstract work also sold for £1.2 million. Overall, Christie’s postwar and contemporary sale totaled £35.6 million ($55 million) against a £30.7 million to £42.6 million estimate, with strong interest from Chinese buyers.

Fine art

Yale wins federal court case over Van Gogh’s The Night Café painting

nhregister.com

Yale University has won a federal court fight over ownership of The Night Café, a 1888 painting by Vincent van Gogh. Pierre Konowaloff, who claimed ownership of the artwork through his ancestors, was involved in the case, with the dispute relating to the painting’s ownership and provenance.

Fine art

Sotheby’s to sell a 35 million old master painting once embroiled in a legendary legal fight

news.artnet.com

Orazio Gentileschi’s Danaë (1621) will arrive at Sotheby’s New York with an estimate of $25 to $35 million. The painting has a notable provenance history, including a late 1970s legal dispute between Norton Simon and Richard Feigen, and it traces back to Giovanni Antonio Sauli before passing through Grange and other collectors.

Fine art

release | louise bourgeois’s gigantic bronze spider | new york | october 2015

press.christies.com

Louise Bourgeois’s gigantic bronze spider is the subject of a Christie’s release dated 21 October 2015, announcing that the sculpture will be on display in New York for a limited period from Halloween to November 12. The press material notes the work’s significance and historical record, with prior recognition of an artist record for Spider at Christie’s New York in 2011.

Fine art

Sting to sell art collection at Christie’s

news.artnet.com

Sting and his wife Trudie Styler will auction over 200 items from their art collection at Christie’s London on February 24, 2016, including works by Ben Nicholson, Henri Matisse, Pablo Picasso, Gustav Klimt, Keith Haring, Zeng Chuanxing, Georges Braque, René Magritte, Mimmo Paladino, and Carsten Höller, with presale estimates provided for several pieces.

Fine art

Blue Poles family reunion held more than 40 years after sale of Jackson Pollock masterpiece

abc.net.au

The daughter of the American art collector who sold Jackson Pollock's Blue Poles to the National Gallery of Australia is reunited with the painting after four decades. The National Gallery of Australia purchased the painting for $1.3 million in 1973; Patti Adler, whose father Ben Heller paid $32,000 for the painting in 1957, traveled from Colorado to view it again.

Fine Art

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