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February 2019 fine-art market intelligence

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Fine art

Guggenheim deaccessions work by Zao Wou-Ki as the artist’s market swells

theartnewspaper.com

Zao Wou-Ki's untitled 1958 oil painting planned for Sotheby’s Hong Kong evening sale is deaccessioned by the Guggenheim Museum; the work’s estimate is HK$60m–HK$80m ($7.7m–$10m). The article notes rising demand for Zao Wou-Ki’s work and references notable past auction results, including the artist’s painting 23.05.64 and the triptych Juin-Octobre 1985.

Fine art

03 February 2019 Enfilade post about Sotheby’s The Female Triumphant

enfilade18thc.com

Elisabeth-Louise Vigée Le Brun’s Portrait of Muhammad Dervish Khan (1788) is highlighted in a Sotheby’s Masters Week sale report, noting the work sold for $7.2 million and set a new world auction record for any female artist of the pre-modern era. The post references the Master Paintings Evening Sale N10007 and the broader Masters Week results including Rubens drawings and the Old Master Drawings Sale totals.

Fine art

Oklahoma City Museum of Art acquires Kehinde Wiley portrait, Golden Age still life

newarkadvocate.com

Kehinde Wiley and a 17th century Golden Age still life are new acquisitions for the Oklahoma City Museum of Art, forming centerpieces of a reinstallation titled From the Golden Age to the Moving Image: The Changing Face of the Permanent Collection. The acquisitions mark Wiley's presence in the museum's permanent collection, following his high-profile career including the presidential portrait of Barack Obama completed in 2018.

Fine art

Lucian Freud two early portraits acquired for the nation and allocated to Abbot Hall

lakelandarts.org.uk

Lucian Freud two early portraits, Portrait of Lady Scott (1952-54) and Portrait of Hermione Scott (1960), were accepted in lieu of tax and allocated to Lakeland Arts Trust for Abbot Hall Art Gallery in Kendal. The works mark Freud’s stylistic development over a 6-8 year period and reflect a rare public collection in UK institutions.

Fine art

A rare Rothko represents the artist at the height of his career

sothebys.com

Mark Rothko, Untitled, 1960, is being offered by Sotheby’s on behalf of SFMOMA to benefit the institution’s Acquisitions Fund. The work, one of 19 completed by Rothko in 1960, comes after the Seagram Murals and Rothko’s 1958 Venice Biennale representation, and is connected to Peggy Guggenheim. The painting is estimated at $35–50 million and will travel to London, Taipei, and Hong Kong before returning to New York for exhibition and auction.

Fine art

Metropolitan Museum of Art receives monumental Peter Doig painting as gift

artforum.com

Peter Doig, Two Trees, 2017, is a large-scale landscape painting gifted to the Metropolitan Museum of Art by George Economou in celebration of the Met’s 150th anniversary. The work measures about eight feet high and twelve feet wide and was first shown at Michael Werner Gallery in New York in 2017.

Fine art

Sotheby’s to present the first contemporary art auction of the season on march 1, 2019: contemporary curated with co-curators agnes gund & oprah winfrey

prnewswire.com

Sotheby’s announces Contemporary Curated, the season’s first contemporary art auction, on March 1, 2019 in New York. The sale highlights works from Post-War and Contemporary periods, including pieces by Olga de Amaral, Louise Bourgeois, Sam Gilliam, Eva Hesse, Yayoi Kusama, Kerry James Marshall, and Faith Ringgold, among others.

Fine art

$36.4 m Monet, $14.2 m Schiele lead solid Sotheby’s Imp-Mod and Surrealist sales in London

auctiondaily.com

Claude Monet, Le Palais Ducal (1908) sold for £27.5 million ($36.4 million) in Sotheby’s London sale. Egon Schiele, Triestiner Fischerboot (Trieste Fishing Boat) (1912) sold for £10.7 million ($14.2 million). Ernst Ludwig Kirchner, Mädchen auf dem Diwan (Girl on a Divan) (1906) sold for $5.08 million. A deaccessioned Kirchner work at MoMA sold for £3.84 million ($5.08 million). The sales totaled £87.7 million (about $116.3 million) with multiple notable results.

Fine art

Surreal paintings and staid sales kicked off London’s impressionist and modern art week at Sotheby’s $115 million auction

news.artnet.com

René Magritte’s L'Etoile du Matin (1938) is noted among works in the Sotheby’s London sale. The edition highlights Monet’s Le Palais Ducal (1908) topping the auction with a £25-35 million estimate and achieving £27.5 million. Alberto Giacometti’s painting of his wife Annette sold for around £3.2 million, while Camille Pissarro’s girl in a flower garden sold for £1.7 million; Japanese bidders and buyers from Taiwan also participated actively in bidding.

Fine art

Monet’s Palais Ducal leads Sotheby’s Impressionist sale at record price

artisalive.co.uk

Claude Monet’s Le Palais Ducal (1908) sold for £27.5 million / $36.2 million at Sotheby’s Impressionist auction. The work had been in the same family collection since 1926 when acquired by Erich Goeritz; it set a record for a Venetian view by Monet. Helena Newman commented on the strong sales and global bidding activity.

Fine art

Signac sails to a record while Van Gogh and Monet bellyflop in Christie’s £165.7 million London Impressionist and Modern sale

news.artnet.com

Paul Signac’s Le Port au soleil couchant, Opus 236 (Saint-Tropez), 1892, sold for a record-breaking $25,839,156 at Christie’s London Impressionist and Modern sale. The auction realized £165.7 million ($219.5 million) with 67 of 82 lots sold, led by a Monet waterlily pond with a weeping willow that failed to sell. The sale’s total was the second-highest for an evening Impressionist sale in London, following the £176.9 million achieved in February 2014.

Fine art

New records set for Signac and Caillebotte at Christie’s Impressionist and Modern Sale

artsy.net

Paul Signac’s Le Port au soleil couchant, Opus 236 (Saint-Tropez) (1892) was highlighted in Christie’s Impressionist and Modern Art evening sales in London, where the auction house achieved £165.7 million ($219.5 million) overall. The event saw top lots including Paul Cézanne’s Nature morte de pêches et poires (1885–87) hammering at £18.5 million ($24.4 million).

Fine art

Running Total for 20th Century Week £189,246,375 / $250,275,011 / €219,736,208

press.christies.com

Christie’s reports a running total for 20th Century Week with totals in three currencies: £189,246,375, $250,275,011, and €219,736,208. The release published February 28, 2019, covers Impressionist & Modern, American and Latin American Art sales in London, with detailed sale results for the day and the works highlighted, including Renoir’s Vase d'anémones and records for André Brasilier and Georges (Jirí) Kars.

Fine Art

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