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November 2019 fine-art market intelligence

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Fine art

165: FRANK STELLA Going Abroad from Waves II from Post War + Contemporary Art, 8 November 2019, Rago Auctions

ragoarts.com

Frank Stella, 1936–2024, Going Abroad from Waves II, a 1985/1989 screenprint, lithograph and linoleum block with hand coloring and collage, signed and numbered 58/60; 73 x 64 inches; publisher Waddington Graphics, London; literature Axsom 196; provenance Private Collection; auction result 12,500 USD (estimate 8,000–12,000 USD) at Post War + Contemporary Art, Rago Auctions, 8 November 2019.

Fine art

Sotheby’s announces highlights from the November evening auction of contemporary art

nyculturebeat.com

Willem de Kooning’s Untitled XXII (estimate $25/35 million) and Mark Rothko’s Blue Over Red (estimate $25/35 million) are among the highlights. The sale also features Clyfford Still’s PH-399, Brice Marden’s Number Two, Wayne Thiebaud’s The First Cake Counter, a work from Francis Bacon’s Tangier paintings, David Hockney’s first pool painting, a work from Lee Krasner’s Earth Green series, with public exhibition starting November 1 in New York.

Fine art

Rembrandt etching sells for over $80,000 at Swann Galleries sale

hyperallergic.com

Rembrandt van Rijn etching of “Pieter Haaring” (1655) sold for $81,250 and “A Beggar Seated on a Bank” (1630) sold for $60,000 at a Swann Galleries sale of Old Master Through Modern Prints. Other highlighted sales include a Paul Klee etching for $75,000, a Manet painting valued at $4 million for a Bern museum, Olivia Newton-John memorabilia selling for $405,700 at Julien’s, a Katsuhika Hokusai woodblock print selling for $250,000 at Christie’s online sale, and a Chinese School scene selling for £68,750 at Christie’s China Trade Paintings sale.

Fine art

The Kunstmuseum Bern sells Manet seascape from the Gurlitt estate for $4 million

news.artnet.com

Manet’s Marine, Temps d’orage (1873) is being sold by the Kunstmuseum Bern to the National Museum of Western Art in Tokyo for $4 million. The sale involves works from Cornelius Gurlitt’s estate and is the museum’s first deaccession from his collection; provenance notes include that the painting was once owned by Kōjirō Matsukata. The price reflects an independent appraisal and may fund provenance research and related costs.

Fine art

The Subject of a David Hockney Portrait That Could Fetch $45 Million at Christie’s This Week Finds His Unwanted Fame ‘Pretty Tedious’

news.artnet.com

David Hockney’s Sur la Terrasse (1971) is featured as Christie’s potential $45 million work. The painting portrays Hockney’s former lover and model Peter Schlesinger, who disputes the label of muse, discussing the Marrakech and London sessions that inspired the work and the relationship in decline.

Fine art

A Few Technical Difficulties May Have Been the Most Exciting Thing About Sotheby’s $209 Million Impressionist and Modern Sale

news.artnet.com

Tamara de Lempicka La Tunique rose (1927) is pictured as part of Sotheby’s sale coverage. The article reports that Sotheby’s and Christie’s highlighted blue-chip artists such as Claude Monet, Pablo Picasso, Alberto Giacometti, and Paul Signac, with the sale totaling $209 million and 42 of 50 lots sold. A notable moment includes Picasso Nus (1934) selling for $8.8 million, and an early René Magritte work La Légende des siecles surpassing its high estimate; Tamara de Lempicka set an auction record for La Tunique rose.

Fine art

A triumphant Basquiat and an unexpected Norman Rockwell help boost Phillips to a strong $108 million evening sale

news.artnet.com

Jean-Michel Basquiat, The Ring (1981) is mentioned in relation to Phillips’ evening sale that totaled just over $108 million. Norman Rockwell is noted as a painting new to the Phillips evening sale that drew robust demand, alongside works by Joan Miró, Picasso, and Giacometti; Julie Curtiss, Party Down (2016), sold for $400,000 with a six-figure hammer price, exceeding expectations and Curtiss’s prior high.

Fine art

4 artist records were set at Christie’s $325 million contemporary art auction

robbreport.com

David Hockney’s Portrait of an Artist (Pools with Two Figures), 1972, was among the highlights; Rashid Johnson’s Untitled Anxious Audience (2018) sold for $879,000 and Dana Schutz’s Shooting on the Air (2016) sold for $1.1 million. The Christie’s postwar and contemporary art evening sale totaled $325.3 million, with four artist records set.

Fine art

Sotheby’s New York takes in $270.7 million in contemporary art auction

artnews.com

Sotheby’s New York sale totaled $270.7 million for 46 sold lots with 8% buy-in rate; hammer total before fees was $230 million. Works by Willem de Kooning, Charles White, Kerry James Marshall, and Piero Manzoni were noted, with multiple artist records set.

Fine art

Highlights from “Julie Mehretu” | Unframed

unframed.lacma.org

Julie Mehretu is the artist discussed; the page covers a LACMA and Whitney co-organized survey titled Highlights from “Julie Mehretu” on view at LACMA, with works on paper and paintings from 1996 to the present and themes including migration, revolution, climate change, global capitalism, and technology. The page mentions works such as Untitled (two), Stadia II, and Black City with details about collections and lenders.

Fine art

A Ravishing Frida Kahlo portrait sells for $5.8 million at Christie’s, one of her biggest auction sales ever

news.artnet.com

Frida Kahlo, Portrait of a Lady in White (c. 1929), sold for more than $5.8 million at Christie’s Latin American art sale in New York, making it the second-highest price for Kahlo at auction. The painting’s date is around 1929, and its subject is uncertain, with theories ranging from a lover of Kahlo to a relative or friend of Ralph Stackpole; it was gifted by Kahlo to Lola Álvarez Bravo and later loaned to Stanford University.

Fine art

Picasso with Calgary connection sells for over $9M in Toronto auction

calgary.ctvnews.ca

Pablo Picasso’s oil painting Femme au chapeau, previously displayed in a Calgary gallery, sold for $9.1 million at a Toronto auction conducted by Heffel Auction House. The work, created in 1941 and inspired by Picasso’s relationship with Dora Maar, was part of a sale featuring 113 artworks.

Fine art

Artemisia Gentileschi’s Lucretia sells for $5.3 million as Souls Grown Deep announces four museum acquisitions

hyperallergic.com

Artemisia Gentileschi’s Lucretia (c. 1630), oil on canvas, sold for $5.3 million at Artcurial. Souls Grown Deep Foundation announces four museum acquisitions by African American artists, with institutions including the Asheville Art Museum, Henry Art Gallery, Toledo Museum of Art, and Baltimore Museum of Art. The article also notes several related museum gifts and donations.

Fine art

Dog lovers walk Shannon’s results to $2.3M

antiquetrader.com

Percival Rosseau, Pointers on the Hunt, 1927, oil on canvas, top lot at $100,000, sold at Shannon’s Fine Art Auctioneers. The sale totaled $2.3 million with 266 lots and more than 76 percent sold; other notable works included John George Brown, The Flower Girl (1878) at $87,500 and works by Alfred T. Bricher, Hugh Bolton Jones, and Fern Coppedge among others.

Fine art

Christie’s Market Update: Autumn 2019 auctions in Hong Kong total HK$2.6 billion

Christie’s

Christie’s documents the market development behind Autumn 2019 auctions in Hong Kong total HK$2.6 billion. Its account reports that the Christie’s annual Hong Kong autumn auctions(22-27 November) achieved a total of HK$2.6 billion / $337 million (including buyer’s premium), and saw artist records established for Asian and Western artists, including Sanyu, Kim Whan-Ki and Eddie Martinez.

Fine art

Sotheby’s Market Update: Sotheby's New York to Present Inaugural Auction Dedicated to Aboriginal Art

Sotheby’s

Sotheby’s documents the market development behind Sotheby's New York to Present Inaugural Auction Dedicated to Aboriginal Art. Its account reports that inaugural Auction Dedicated to Aboriginal Art at Sotheby's New York Achieves $2.8 Million](https://www.sothebys.com/en/press/inaugural-auction-dedicated-to-aboriginal-art-at-sothebys-new-york-achieves-2-8-million).

Fine art

Sotheby’s Market Update: Sotheby’s to Present Inaugural Online-Only Auction Dedicated to Space Photography

Sotheby’s

Sotheby’s documents the market development behind Sotheby’s to Present Inaugural Online-Only Auction Dedicated to Space Photography. Its account reports that nEW YORK, 20 November 2019 – Sotheby’s is thrilled to present our inaugural online-only auction dedicated to Space Photography.

Fine art

Christie’s Market Update: New world record for Ruscha in $325.2 million evening sale

Christie’s

Christie’s documents the market development behind New world record for Ruscha in $325.2 million evening sale. Its account reports that top billing goes to the most important Ruscha painting to come to market in years, Hockney’s break-up masterpiece realises $29.5 million, day sales produce highest total in auction history.

Fine art

Sotheby’s Market Update: A Monumental Julie Mehretu Work Comes to Auction As Her Massive Retrospective Opens at LACMA

Sotheby’s

Sotheby’s documents the market development behind A Monumental Julie Mehretu Work Comes to Auction As Her Massive Retrospective Opens at LACMA. Its account reports that concurrently, Mehretu’s monumental, nearly ten-foot wide painting, Rise of the New Suprematists (2001) is on view in Sotheby’s New York galleries in advance of the Contemporary Art Evening Auction on 14 November.

Fine art

Sotheby’s Market Update: Impressionist, Modern and Contemporary Art | Auction Results

Sotheby’s

Sotheby’s documents the market development behind Impressionist, Modern and Contemporary Art | Auction Results. Its account reports that caillebotte, Monet and Signac Propel New York's Impressionist & Modern Art Evening Sale](https://www.sothebys.com/en/articles/caillebotte-monet-and-signac-propel-new-yorks-impressionist-modern-art-evening-sale).

Fine Art

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