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May 2019 fine-art market intelligence

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33 headlines

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Fine art

La judge rules Spanish museum can keep Nazi-looted painting

wildabouttrial.com

Camille Pissarro painting Rue St.-Honore, Apres-Midi, Effet de Pluie was ruled to be legally owned by the Thyssen-Bornemisza Museum in Madrid by U.S. District Judge John F. Walter, rather than the survivors of Lilly Cassirer; the decision cites Spanish law and notes the painting’s looted history during the Nazi era, with commentary on due diligence and moral implications.

Fine art

Canadian couple’s art collection worth $50-million heads to U.S. auction amid debate over cultural exports

theglobeandmail.com

The Globe and Mail reports that the estate of Arnold and Blema Steinberg from Montreal is dispersing at international auctions, including two Mark Rothko paintings valued in the tens of millions, with sales in New York starting May 14 and Canadian works by Jean-Paul Riopelle offered in Toronto on May 29. The piece notes the collection’s significance in Canada and the potential renewal of debates over keeping important art in Canada; it mentions permits allowing international touring and references ARTNews’s 2013 list of the Steinbergs as prominent collectors.

Fine art

Monet's Meules sells for astonishing $110.7 million, a new artist record

sothebys.com

Monet's Meules from the Haystacks series sold at Sotheby's Impressionist & Modern Art Evening Sale for $110,747,000, setting a new artist record for Claude Monet and the highest price for a Monet work. The piece is noted as the first time it had appeared at auction since 1986 and sold with a dramatic bidding contest.

Fine art

Monet's glowing haystacks sets a new record at Sotheby’s Impressionist and Modern sale

theartnewspaper.com

Monet's Meules (1890) from his haystacks series sold for $97m at Sotheby’s New York, setting a world record for the artist. The sale total reached $300m ($349.9m with fees) with 91% of lots sold, and the report notes strong top-tier demand in Impressionist works; Picasso and Modigliani performances are also mentioned.

Fine art

Rabbit hops to a record $91m at Christie's as Jeff Koons once again becomes the world's most expensive living artist

theartnewspaper.com

The Art Newspaper reports that Jeff Koons's Rabbit (1986) sold for $80m ($91m with fees) at Christie’s Post-war and contemporary evening sale in New York, restoring Koons as the world’s most expensive living artist. The sale also featured works from the Si Newhouse estate and included records for Louise Bourgeois and Jonas Wood.

Fine art

Jeff Koons' Rabbit sells for $91 million, a new record for a living artist

npr.org

Jeff Koons' Rabbit sold for more than $91 million at Christie's in New York, setting a record for the most expensive work by a living artist at auction. The buyer was represented by Robert Mnuchin on behalf of a client. The name of the artwork is Rabbit, a stainless steel sculpture by Jeff Koons.

Fine art

Jeff Koons reclaims the throne as world’s most expensive living artist

artsy.net

Jeff Koons’s Rabbit (1986) sold for $91.07 million with fees at Christie’s New York, surpassing David Hockney’s Portrait of an Artist (Pool with Two Figures) (1972) which sold for $90.3 million; the buyer was art dealer Robert Mnuchin.

Fine art

What does the $89 million sale of a prime robert rauschenberg at christie’s mean for the artist’s long-quiet market?

news.artnet.com

Robert Rauschenberg’s Buffalo II (1964) sold for $88.8 million at Christie’s, setting a new record that vastly exceeds his previous high. The article discusses how this sale fits into a broader, quieter market for Rauschenberg compared with contemporaries like Jeff Koons, Andy Warhol, Mark Rothko, and Cy Twombly, and what it suggests about museums, the art market, and fame shaping an artist’s legacy and value.

Fine art

Francis Bacon’s Screaming Pope and a string of artist records deliver Sotheby’s a robust $342 million contemporary sale

news.artnet.com

Francis Bacon’s Study for a Head (1952) is highlighted as the evening’s top seller, with Sotheby’s contemporary sale totaling just under $342 million and multiple records for artists including Carl Andre, Lee Krasner, Kenneth Noland, Charles Gaines, Barkley L. Hendricks, Rashid Johnson, and Dana Schutz.

Fine art

Canada loses Steinberg art collection as works sell for more than $45-million at U.S. auction

theglobeandmail.com

The Globe and Mail reports that the Steinberg art collection from Montreal, including mid-century abstract American colour-field paintings, sold at Sotheby’s in New York for over $45 million. The sale highlighted two Mark Rothko works, Untitled (Red and Burgundy Over Blue) at $10.5 million and Untitled (Red on Red) at $8.2 million, as part of a collection once loaned to the Montreal Museum of Fine Arts. The Steinberg family faced multiple deaths that affected the collection’s disposition.

Fine art

Record-breaking Monet leads $350M evening sale - Fine Art Connoisseur

fineartconnoisseur.com

Claude Monet, Meules, oil on canvas, 1890, is cited as the record for the artist and for any Impressionist work, with a price of $110,747,000. The article notes the record-breaking Haystacks painting leading Sotheby’s $350 million evening sale of Impressionist and Modern art, and lists other works by Gustave Caillebotte and Marc Chagall with their prices. Pablo Picasso’s Femme au chien, oil on canvas, 1962, is noted as an Auction Record for a 1960s Picasso at $54,936,000.

Fine art

Claude Monet’s haystacks painting breaks records at auction & more art world headlines

wilsonelser.com

Claude Monet’s Haystacks painting The Meules (1890) sold at auction in New York for a world-record price for the artist and for an Impressionist painting. The story collates related art-law headlines including a Spanish museum good title ruling on a Pissarro work, and Virginia court decisions about Confederate statues in Charlottesville.

Fine art

Claude Monet’s haystacks painting breaks records at auction & more art world headlines

wilsonelser.com

Claude Monet’s Haystacks painting The Meules (Haystacks) (1890) sold for over $100 million at auction in New York, setting a world record for the artist and for an Impressionist work. The article also references a California court ruling on a Pissarro work and a Virginia court decision regarding Charlottesville’s Confederate statues.

Fine art

Sales results: at Christie’s, portrait by amy sherald marks artist’s auction debut, plus mickalene thomas and stanley whitney establish new records

culturetype.com

Amy Sherald’s portrait “Innocent You, Innocent Me” (2016) sold for $350,000 at Christie’s, marking her auction debut. Mickalene Thomas set a new artist record, and a painting by Stanley Whitney also established a new record during Christie’s Post-War and Contemporary Art Afternoon Session in New York. The report also notes works by Basquiat, Bradford, Rashid Johnson, Mutu, Pendleton, Taylor, Whitten, and two Colescott paintings featured in the sale.

Fine art

Netherlands to restitute two paintings sold by Jewish businessman in Nazi era

theartnewspaper.com

Dirck Francoisz Hals and Dirck van Delen, Banquet Scene with Musicians and Shuffle Board Players in an Interior (1628); Jan Davidsz de Heem, Still Life with Glass, Glass Stand and Musical Instruments (17th century); the Dutch Restitutions Committee recommended returning these two Golden Age paintings to the heirs of Jacob Lierens.

Fine art

«Триптих 1987-1988» sold by Christie’s in Hong Kong for HK$178 million

dianov-art.ru

The headline discusses the painting Triptych 1987-1988 by Zhao Wuji (赵无极), sold at Christie’s in Hong Kong for HK$178 million (US$22.8 million). The work was previously owned by a private European collection and acquired directly from the artist. The piece is described as a monumental abstraction in yellow and blue, reflecting admiration for Monet and Matisse, with a size of 200 x 486 cm, oil on canvas.

Fine art

Zao Wou-Kou pays homage to Monet and Matisse in a monumental triptych at Christie’s

christies.com

Zao Wou-Ki’s triptych from 1987-1988 leads Christie’s Hong Kong Spring Sale of Asian 20th Century and Contemporary Art. The work, titled Triptych 1987-1988, is noted as the artist’s second-largest triptych; it references artists Monet and Matisse, with Matisse appearing in the title of the work. The piece was offered at Christie’s Hong Kong and has a history of collection and provenance tied to European private holdings.

Fine art

趙無極致敬莫奈與馬蒂斯之巨作 | Christie's

christies.com.cn

趙無極的巨作《三聯作1987-1988》在香港春季拍賣揭幕,估價為12,000,000-150,000,000港元;作品於2019年於佳士得香港呈獻,為該藝術家尺幅第二大的作品。該系列致敬馬蒂斯,並提及馬蒂斯是趙無極色彩大師的影響來源。

Fine art

Louvre curators say Salvator Mundi was made by Leonardo da Vinci’s workshop

artsy.net

The article discusses Salvator Mundi (ca. 1500), the painting attributed to Leonardo da Vinci that sold for a record $450 million at Christie’s New York in November 2017. Louvre curators suggest it could be by Leonardo’s workshop rather than the master himself, potentially affecting its attribution and value.

Fine art

Zao Wou-Ki, one of the 20th century's most important painters

sothebys.com

Zao Wou-Ki, Years 1957 and 1967 are discussed, with highlights on Temps Calme (1957) and 3.12.67 (1967) as key works; the article previews four paintings by Zao Wou-Ki offered at Sotheby’s Paris Art Contemporain, including Temps Calme and 3.12.67 with estimated price ranges in euros.

Fine art

Christie’s Market Update: Spring auctions in Hong Kong total HK$2.55bn / US$327m

Christie’s

Christie’s documents the market development behind Spring auctions in Hong Kong total HK$2.55bn / US$327m. Its account reports that christie’s annual Hong Kong spring auctions, which spanned six days and 17 sales, saw a strong Asian interest in the largest offering of Western art to date.

Fine art

Sotheby’s Market Update: Bacon and Rothko Propel Contemporary Art Auction to $341.8 Million

Sotheby’s

Sotheby’s documents the market development behind Bacon and Rothko Propel Contemporary Art Auction to $341.8 Million. Its account reports that he Contemporary Art Evening Auction totaled $341.8 million on the strength of outstanding prices for Mark Rothko's untitled masterwork and two paintings by Francis Bacon.

Fine art

Jeff Koons’s Rabbit Sells for $91.1 Million at Christie’s

Christie’s

Christie’s reports that Jeff Koons’s Rabbit sold for $91,075,000, making Koons the world’s most expensive living artist at auction as the house’s seasonal Post-War and Contemporary Art sales reached $631,949,875.

Fine art

Sotheby’s Market Update: Record-Breaking $110.7 Million Monet Leads Impressionist & Modern Art Evening Sale

Sotheby’s

Sotheby’s documents the market development behind Record-Breaking $110.7 Million Monet Leads Impressionist & Modern Art Evening Sale. Its account reports that claude Monet’s Meules was the evening’s undoubted winner, with a winning bid of $110,747,000.

Fine art

Sotheby’s Market Update: Record-Breaking Kusama Leads Historical Contemporary Art Season in Asia

Sotheby’s

Sotheby’s documents the market development behind Record-Breaking Kusama Leads Historical Contemporary Art Season in Asia. Its account reports that this Spring, Sotheby’s Hong Kong Contemporary Art sales realized HK$802 million / US$102 million, achieving the highest totaling series of Contemporary Art sales ever staged in Asia.

Fine art

Sotheby’s Market Update: The David Teiger Collection Returns to Auction

Sotheby’s

Sotheby’s documents the market development behind The David Teiger Collection Returns to Auction. Its account reports that featuring works by Jenny Saville, Mark Grotjahn, Jeff Koons and more, the Collection of David Teiger returns to auction in New York the week of 13 May in the Contemporary Art Evening and Day Auctions and the Art of Africa, Oceania and the Americas Auction.

Fine art

Sotheby’s Market Update: Masterworks of Contemporary Art Come to Auction

Sotheby’s

Sotheby’s documents the market development behind Masterworks of Contemporary Art Come to Auction. Its account reports that he most important collection of Color Field paintings ever to appear at auction will highlight our Contemporary Art auctions this spring, emerging from the triumphant collection of Blema & H.

Fine art

Sotheby’s Market Update: Krasner, Bacon, Rothko & More Blue-Chip Contemporary Artists Come to Auction

Sotheby’s

Sotheby’s documents the market development behind Krasner, Bacon, Rothko & More Blue-Chip Contemporary Artists Come to Auction. Its account reports that masterworks by the biggest names in Contemporary Art highlight the upcoming Contemporary Art Auctions in New York on 16–17 May.

Fine Art

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