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October 2019 fine-art market intelligence

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Fine art

Selling off the Gloucestershire Gustons: Jeremy Lancaster collection kicks off Frieze Week auctions

theartnewspaper.com

The Art Newspaper reports on Christie’s London sale of the Jeremy Lancaster collection during Frieze Week, noting a total of £23m with fees (£18.8m core sale) and a 91% sell-through across 53 lots. The collection, assembled by British businessman Jeremy Lancaster and informed by dealers like Leslie Waddington, spans post-war British works with American and European pieces, and was described by Christie’s as an electric sale but ultimately buoyant.

Fine art

Christie’s starts Frieze Week with $28 million sale of Jeremy Lancaster’s collection

news.artnet.com

The article discusses Christie’s London sale of Jeremy Lancaster’s collection during Frieze Week, with 53 lots estimated at £13.7 million to £19.5 million and 48 sold for £23 million. It notes bidders from 25 countries and highlights works by Philip Guston, including Language I (1973/1979 context), as part of the collection that also featured works by Howard Hodgkin, Bridget Riley, Josef Albers, Pablo Picasso, and Alberto Giacometti.

Fine art

Banksy’s Chimp Parliament painting sells for a startling $12 million at Sotheby’s, prompting both cheers and jeers

news.artnet.com

Banksy’s Devolved Parliament, a painting of chimpanzees in Britain’s House of Commons, sold for £9.9 million ($12.1 million) at Sotheby’s during Frieze week, a record for the artist at auction. The sale surpassed its £1.5–2 million estimate and was reported alongside Basquiat’s Pyro; Francis Bacon’s Figure with Monkey also sold, slightly above its estimate. Sotheby’s noted Banksy’s ownership change discussions before the sale, with Emma Baker leading the sale.

Fine art

Sotheby’s Frieze Week sale tallies £54.7 million as Banksy, Basquiat and Bacon lead the auction

news.artnet.com

The article covers Sotheby’s Frieze Week sale, noting Banksy’s Devolved Parliament setting a record at £12 million, and that the final night total was £54.7 million ($67.3 million). It highlights Basquiat, Bacon, and Italian postwar artists like Manzoni, Fontana, and Burri as the top blue-chip draws, with Nicole Eisenman’s Close to the Edge also attracting strong bidding.

Fine art

A Monumental Canvas by Yoshitomo Nara Sells for $25 Million in Hong Kong, Shattering the Artist’s Previous Auction Record

news.artnet.com

Yoshitomo Nara’s Knife Behind Back (2000) sold for $24.9 million with premium at Sotheby’s Hong Kong, on a night when Liu Ye’s Smoke (2001–2) also set a record in the Chinese contemporary art sale. The Nara result HK$538 million ($68.6 million) exceeded its pre-sale high estimate, while Liu Ye’s work reached HK$52 million ($6.7 million).

Fine art

Banksy’s Devolved Parliament sells for record $12.2 million

antiquesandthearts.com

Banksy’s Devolved Parliament sold for $12.2 million at Sotheby’s London, setting an auction record. Jean-Michel Basquiat’s Pyro also sold for $12.2 million. Basquiat’s Natives Carrying Things sold for $4 million.

Fine art

Sotheby’s Hong Kong autumn auctions achieve US$426 million in sales

sothebys.com

Sotheby’s Hong Kong autumn auctions concluded with total sales of HK$3.35 billion, or US$426 million, marking the sixth consecutive Hong Kong series to exceed US$400 million. The sale, held across 20 auctions at the Hong Kong Convention & Exhibition Centre, saw 3,423 lots sold and participation from buyers in nearly 40 countries, with top lots including Sanyu’s Nu and Yoshitomo Nara’s Knife Behind Back.

Fine art

RELEASE | Christie’s to offer David Hockney’s Sur la Terrasse, 1971 unseen by the public for 46 years

press.christies.com

David Hockney’s Sur la Terrasse, 1971, is highlighted in a Christie’s release announcing its upcoming sale. The work, owned by a private collection for nearly half a century, had not appeared at auction and will be seen in public again in October at Christie’s Los Angeles ahead of the November Evening Sale of Post-War & Contemporary Art. The estimated price range is $25–$45 million.

Fine art

An Italian court allows Leonardo da Vinci’s Vitruvian Man to travel to the Louvre, ending years of legal wrangling

news.artnet.com

The Italian Administrative Court of Veneto ruled to allow Leonardo da Vinci’s Vitruvian Man (c. 1490) to travel to Paris for a Louvre exhibition, reversing a lower court ruling that blocked the loan. The decision follows a two-year dispute with Italia Nostra, who argued the drawing was too fragile to travel. The Louvre’s loan agreement involves sending Raphael works to Rome for a 500th anniversary show, as reported by RTL and The New York Times.

Fine art

Pablo Picasso and Emily Carr masterpieces take the Heffel auction stage

newswire.ca

Pablo Picasso and Emily Carr are among the highlighted artists in Heffel Fine Art Auction House's fall 2019 auction catalogue, which features 113 works estimated to total CAD 20 million to CAD 25 million. The sale takes place on November 20 in Toronto, with notable works including Emily Carr Street, Alert Bay (1912) and Picasso’s Femme au chapeau (1941).

Fine art

Mark Rothko's Blue Over Red highlighted for November contemporary art evening auction

sothebys.com

Mark Rothko, Blue Over Red, 1953, is highlighted for Sotheby’s November Contemporary Art Evening Auction in New York on 14 November 2019. The work carries an estimated price of 25,000,000 to 35,000,000 USD. The painting was completed in 1953 and is tied to Rothko’s critical mid-1950s color-emotional abstraction period.

Fine art

Feverish bidders snapped up all 274 works in a triumphant Sotheby’s sale from the collection of Claude and François-Xavier Lalanne

news.artnet.com

The Sotheby’s Paris two-day sale of works from Claude and François-Xavier Lalanne’s private collection drew bidders from 43 countries, selling all 274 lots for $101.5 million (€91.3 million). Notable buyers included Jose Mugrabi and Antoine Arnault, with dealer Ben Brown and Sébastien Carvalho among participants; Claude Lalanne’s Small Crocodile Bench (2009) sold for $683,000 (€612,500).

Fine art

A late billionaire collector’s foundation selling off artworks by Bill Traylor and others to benefit a Harlem children’s charity

news.artnet.com

The William Louis-Dreyfus Foundation is selling works from the late philanthropist’s collection in New York City to benefit the Harlem Children’s Zone. Artists mentioned include Bill Traylor, Francisco Toledo, Fernando Botero, Alberto Giacometti, Leonardo Cremonini, George Boorujy, Thornton Dial, Wassily Kandinsky, and Joan Miró, with works at Christie’s New York, David Zwirner, and Sotheby’s New York, and a portion of proceeds going to the Harlem charity.

Fine art

Christie’s selling a $50 million Alsdorf collection featuring Georgia O’Keeffe and Frida Kahlo flower paintings and a Magritte

news.artnet.com

The Alsdorf collection, valued around $50 million, will be offered at Christie’s New York across multiple sales, featuring works by Joan Miró, Pablo Picasso, René Magritte, Georgia O’Keeffe, and other Modern, Impressionist, and Old Master artists. Highlights include Miró’s La Publicitat et le vase de fleurs (1916–17) estimated $2–$3 million, Picasso’s Portrait de Marie-Thérèse (1937) estimated $800,000–$1.2 million, Magritte’s Le seize Septembre (1957) with a potential price over $9 million, and the American sale including O’Keeffe’s Pink Spotted Lilies (1936) with a high estimate of $1.8 million.

Fine art

Sotheby’s Market Update: All Things Beautiful: Property from an American Private Collection

Sotheby’s

Sotheby’s documents the market development behind All Things Beautiful: Property from an American Private Collection. Its account reports that otheby’s is honored to present a remarkable collection of fine art, works of art, and jewelry from an esteemed American Private Collection.

Fine art

Sotheby’s Market Update: Property from the Collection of Phyllis and C. Douglas Dillon

Sotheby’s

Sotheby’s documents the market development behind Property from the Collection of Phyllis and C. Douglas Dillon. Its account reports that together, the Dillons were great patrons of the arts with a particular focus on helping and elevating the museums in New York City.

Fine art

Sotheby’s Market Update: One of Only Six Surviving Works from Francis Bacon's 'Tangier' Series Will Come to Auction

Sotheby’s

Sotheby’s documents the market development behind One of Only Six Surviving Works from Francis Bacon's 'Tangier' Series Will Come to Auction. Its account reports that his November, one of just six surviving paintings from Francis Bacon's famed Tangier series will be offered in Sotheby's Contemporary Art Evening Auction.

Fine art

Sotheby’s Market Update: Next-Gen Buyers Drive Successful Hong Kong Sales Series

Sotheby’s

Sotheby’s documents the market development behind Next-Gen Buyers Drive Successful Hong Kong Sales Series. Its account reports that the autumn sales series at Sotheby’s Hong Kong attracted a new generation of art collectors, with 25% of all buyers aged under 40 years old.

Fine art

Sotheby’s Market Update: Sotheby’s Breaks the Record for Banksy in Frieze Week Contemporary Sale

Sotheby’s

Sotheby’s documents the market development behind Sotheby’s Breaks the Record for Banksy in Frieze Week Contemporary Sale. Its account reports that he Sotheby’s Contemporary Art Evening Auction set the art world alight on Thursday when Banksy's hotly anticipated Devolved Parliament smashed its pre-sale estimate, soaring to £9.9 million and setting a new world record for the artist.

Fine art

Sotheby’s Market Update: Everything You Can Imagine is Real | Property from an Important Private European Collection

Sotheby’s

Sotheby’s documents the market development behind Everything You Can Imagine is Real | Property from an Important Private European Collection. Its account reports that otheby’s is honored to present at auction Everything You Can Imagine is Real: Property from an Important Private European Collection, a remarkable group of masterworks by artists from the late-19th and early-20th centuries such as Monet, Chagall, Léger and Picasso.

Fine Art

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