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April 2019 fine-art market intelligence

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Category: Fine art

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Fine art

Sotheby’s hoped for a $1 million sale for a KAWS painting of The Simpsons, but it sold for $14.7 million

news.artnet.com

The article reports that Sotheby’s in Hong Kong sold KAWS’s THE KAWS ALBUM for HK$115.9 million ($14.8 million) setting a new artist record. The work appears in the NIGOLDENEYE Vol. 1 sale and references KAWS’s alter ego Kimpsons, with The Simpsons characters reimagined. The piece marks a major jump in KAWS’s market activity, following recent milestones including earlier record sales at Phillips London.

Fine art

KAWS painting sets new auction record in Hong Kong at Sotheby’s

artnews.com

KAWS painting The Kaws Album (2005) sold for 115.9 million HKD (about $14.7 million) at Sotheby’s Hong Kong, setting a new record for the artist. The sale was part of Sotheby’s NIGOLDENEYE Vol. 1, with other notable works including three Simpsons riffs by KAWS and pieces from Nigo’s collection.

Fine art

Bidding battle: #KAWS smashes record

sothebys.com

KAWS artwork based on The Beatles’ Sgt. Pepper album cover, populated with Simpsons characters, shatters record at Sotheby’s NIGO® Vol.1 in Hong Kong; the sale totaled HK$220 million / US$28 million with all 33 lots sold.

Fine art

The Invention of the Salvator Mundi

vulture.com

The article discusses the 2005 appearance of a painting titled Christ Salvator Mundi, attributed as After Leonardo da Vinci, with an initial suspected attribution to a student of Leonardo and the involvement of collectors Alexander Parish and Robert Simon. It notes the painting’s initial acquisition for $1,000 and its later sale for up to $127.5 million.

Fine art

Foreign art can be nationally important to Canada and blocked from export, Federal Court of Appeal rules - The Globe and Mail

theglobeandmail.com

The Globe and Mail article discusses the Federal Court of Appeal ruling that foreign art can be considered of national importance to Canada and blocked from export, focusing on the 1892 Gustave Caillebotte painting Iris bleus, Jardin du Petit Gennevilliers sold by Heffel Gallery Ltd. It explains the role of the Canadian Cultural Property Export Review Board in delaying departures to allow purchase by Canadian museums and its use for tax-credit donations.

Fine art

KAWS The KAWS Album sells for $14.7 million at Sotheby’s in Hong Kong

artcentron.com

KAWS The KAWS Album by KAWS sold for $14.7 million (HKD 115.966 million) at Sotheby’s Hong Kong. The work, based on the Fat Albert/Beatles Sgt. Pepper reference, set a new auction record for the artist, previously held by Untitled (Fatal Group) at $2.7 million.

Fine art

Los Goyas de Zubieta at the Bilbao Fine Arts Museum, paintings by Francisco de Goya

meer.com

The Bilbao Fine Arts Museum presents three portraits by Francisco de Goya of members of the Adán de Yarza family, dating from the late 1780s. The works are shown publicly for the first time with their original canvases and stretchers, along with the crate in which they were transported from France in 1937, following evacuation during the Spanish Civil War. The exhibition includes a digital publication titled The Goyas of Zubieta and features scholarly analyses by Juliet Wilson-Bareau, Xavier Bray, Susana Serrano Abad, Mikel Urizar, and Francisco Javier Muñoz.

Fine art

Sotheby’s Contemporary Curated sale offered look at rarely seen works by Faith Ringgold, Henry Taylor, Robert Colescott, Romare Bearden, Jack Whitten and more

culturetype.com

The Culture Type article covers Sotheby’s Contemporary Curated sale featuring rarely seen works by Faith Ringgold, Henry Taylor, Robert Colescott, Romare Bearden, and Jack Whitten among others. It notes notable pieces such as Henry Taylor’s 2002 Malcolm X portrait and Colescott interior scenes, and discusses the sale’s strong results, including Kerry James Marshall and Whitten leading prices and the overall sale exceeding its high estimate.

Fine art

The Brilliant Subtlety of Agnes Martin

sothebys.com

Agnes Martin, Untitled #12, is discussed in Sotheby’s overview of the Contemporary Art Evening Auction in New York, with an estimate of $4,000,000–6,000,000. The article notes the work’s delicate color bands and grid-like striations, its Minimalist lineage, and Martin’s influences from Taoism and Zen Buddhism, as well as her move to New Mexico in 1968.

Fine art

Sotheby’s Market Update: History-Making Auction Results in Italy

Sotheby’s

Sotheby’s documents the market development behind History-Making Auction Results in Italy. Its account reports that the April Arte Contemporanea auction at Sotheby’s Milan took place during Design Week when the city throngs with collectors and enthusiasts of art and design.

Fine art

Sotheby’s Market Update: The Collection of Joe R. & Teresa L. Long

Sotheby’s

Sotheby’s documents the market development behind The Collection of Joe R. & Teresa L. Long. Its account reports that sotheby’s is honored and privileged to present a significant number of works from the Collection of Joe R.

Fine art

Sotheby’s Market Update: 11 New Records Set at Sotheby's Modern & Contemporary African Art Sale

Sotheby’s

Sotheby’s documents the market development behind 11 New Records Set at Sotheby's Modern & Contemporary African Art Sale. Its account reports that sotheby’s April auction of Modern & Contemporary African Art saw a multitude of new records for artists from across the African continent, including the father of Congolese ‘Popular’ painting Chéri Samba, Moroccan master Hassan El Glaoui, and rising star Eddy Kamuanga Ilunga.

Fine art

Sotheby’s Market Update: Sotheby’s Spring 2019 Hong Kong Sales Total HK$3.78 Billion / US$482 Million

Sotheby’s

Sotheby’s documents the market development behind Sotheby’s Spring 2019 Hong Kong Sales Total HK$3.78 Billion / US$482 Million. Its account reports that spring 2019 Hong Kong auction series concluded with a grand total of HK$3.78 billion / US$482 million, exceeding the pre-sale high estimate and establishing the second highest total in company history, second only to Sotheby’s landmark 40th anniversary sale total in Autumn 2013.

Fine Art

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