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February 2020 fine-art market intelligence

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Fine art

La juez eleva la condena a Jaime Botín por el Picasso a tres años y 91,7 millones

cincodias.elpais.com

Jaime Botín fue condenado originalmente a 18 meses de prisión y 52,4 millones de euros por contrabando de un Picasso; la juez elevó la condena a tres años de cárcel y 91,7 millones de euros en multa. Se mantiene la propiedad del cuadro para el Estado y se establece que la obra es Cabeza de mujer joven de Pablo Picasso, vendible en subasta en Londres en 2013, con la necesidad de autorización de exportación desde el Ministerio de Cultura.

Fine art

Sotheby’s London met expectations with a $64.8 million Impressionist and Modern sale, but expectations for the category are softening

news.artnet.com

Sotheby’s London Impressionist & Modern sale in February 2020 realized $64.8 million, with the highest estimate for the year being £8–£12 million for a Camille Pissarro painting that sold for £13.3 million. The article discusses broader softness in the category and declines in combined estimates for Sotheby’s and Christie’s auctions in Impressionist, Modern, and Surrealist sales.

Fine art

Tamara de Lempicka’s auction record smashed at Christie’s sale in London

artsy.net

Tamara de Lempicka, Portrait de Marjorie Ferry (1932), sold for £16.2 million ($21.1 million) at Christie’s in London, setting a new auction record for the artist. The top lot was René Magritte’s A la rencontre du plaisir (1962) at £18.9 million ($24.6 million), and George Grosz’s Gefährliche Straße (1918) sold for £9.7 million ($12.6 million) as part of Christie’s sale totaling £106.8 million ($139 million).

Fine art

The €15m Van Gogh which was once sold in a farmyard auction for just £4

theartnewspaper.com

The painting is Vincent van Gogh’s Peasant Woman in front of a Farmhouse (Paysanne devant une chaumière), authenticated by the Van Gogh Museum and dated July 1885. It was once sold in a London-area farm setting for £4 and is now heading to Maastricht for the TEFAF fair with an estimated price around €12m–€15m.

Fine art

David Hockney artwork The Splash leads Sotheby’s Contemporary Art Evening Auction, selling for £23,117,000

sothebys.com

David Hockney's The Splash sold for £23,117,000 at Sotheby’s Contemporary Art Evening Auction in London. The piece is highlighted as a defining work of Pop Art and was the third highest price by Hockney at auction. Other notable works mentioned include Adrian Ghenie's The Arrival (sold for £4,184,500) and Francis Bacon's Turning Figure (sold for £7,032,000).

Fine art

David Hockney's The Splash sells for 23 million pounds in London

reuters.com

David Hockney's painting The Splash sold for 23.1 million pounds at Sotheby's in London, with a pre-sale estimate of 20 to 30 million pounds. The work is a 1966 square acrylic depicting the moment water splashes in a pool after a diver enters, and is part of a trio of splash paintings including A Little Splash and A Bigger Splash.

Fine art

$29.8-million Hockney can’t escape Brexit’s shadow at Sotheby’s in London

artsy.net

David Hockney’s The Splash (1966) sold for £23.1 million (£21 million hammer price) at Sotheby’s in London, equating to $29.8 million with fees. The auction total was £92.4 million ($119.4 million) with a 93.5% sell-through rate. The sale followed post-Brexit uncertainty in London’s contemporary art auctions.

Fine art

US banker buys Brexit Banksy at Sotheby's, making a bigger splash than David Hockney’s pool painting

theartnewspaper.com

The article reports Sotheby’s contemporary evening sale in London, noting Banksy’s Vote to Love (2018) sold for £950,000 (£1.2m with fees) to Bartow Morgan, and David Hockney’s The Splash (1966) sold for £21m. It highlights the presence of a Georgian-born banker as a key buyer and references broader market context amid Brexit and Sotheby’s changes in leadership.

Fine art

Christie’s post-war and contemporary evening achieves £56 million

salonprivemag.com

Andy Warhol’s Muhammad Ali, 1977 led the sale, with top lot priced at £4,973,250. Works by Jean Dubuffet and several 21st‑century paintings also achieved strong prices, including Cecily Brown’s Girl Trouble (£1,482,307) and Tschabalala Self’s Spare Moment (£212,500). The auction total was £56,180,434 with high sell-through rates.

Fine art

The Marron collection headline: three top rival galleries join forces to sell it

news.artnet.com

The article discusses the late philanthropist Donald Marron’s collection, reportedly worth over $450 million, being sold jointly by Pace, Gagosian, and Acquavella. It mentions Pablo Picasso, Mark Rothko, and Cy Twombly as highlights and notes the private sale arrangement alongside gallery collaboration in Chelsea in May.

Fine art

Top results for modern and contemporary African art

artafricamagazine.org

Marlene Dumas, Oktober 1973 sold for R7 055 600; Aspire X Piasa auction achieved multiple high results including Mischek Masamvu’s Voodoo Astronaut sold for R204,840; notable artists include Marlene Dumas, William Kentridge, John Meyer and Andy Warhol with a focus on Africa and the diaspora in a landmark Aspire Art Auctions and Piasa collaboration.

Fine art

Nationalmuseum acquires a work by Artemisia Gentileschi

nationalmuseum.se

Nationalmuseum has acquired a painting by Artemisia Gentileschi, depicting Saint Catherine of Alexandria. The work, probably painted in Naples in the mid-1630s, will be on display from February 25. Artemisia Gentileschi’s Saint Catherine is noted for its dramatic expression, chiaroscuro, and depiction of the saint as an erudite young woman.

Fine art

Nationalmuseum acquires a work by Artemisia Gentileschi

mynewsdesk.com

Nationalmuseum acquires a painting by Artemisia Gentileschi titled Saint Catherine of Alexandria. The work, likely painted in Naples in the mid-1630s, is depicted with the saint as an intellectual young woman and will be displayed at Nationalmuseum from February 25.

Fine art

Sotheby’s to present property from the collection of Harry W. and Mary Margaret Anderson

sothebys.com

Sotheby’s press release announces Property from the Collection of Harry W. and Mary Margaret Anderson as a highlight of its marquee Contemporary Art auctions in New York this May, featuring works from abstract expressionism, West Coast artists, works on paper, and modernist sculpture, led by Clyfford Still’s 1947-Y-No.1 and including pieces by Richard Diebenkorn, Mark Rothko, Henry Moore, and others.

Fine art

Auction houses miss out on $450 million collection of late philanthropist Don Marron

auctiondaily.com

The article discusses Pace, Gagosian, and Acquavella privately selling over 300 works believed worth US$450 million from the late philanthropist Donald Marron, with pieces by Henri Matisse, Pablo Picasso, Ed Ruscha, and others. It notes competition from Sotheby’s, Christie’s, and Phillips and references Wall Street Journal reporting and Artnet Analytics data.

Fine art

As the auction-house race for estates continues, Sotheby’s wins 26 blue-chip treasures from the Anderson Collection worth $55 million

news.artnet.com

The article discusses Sotheby’s securing a 26-work consignment from the Anderson Collection, with an expected value of over $55 million. Highlights include Clyfford Still’s 1947-Y-No.1 (1947) and Richard Diebenkorn’s View from the Porch (1959); Mark Rothko’s Green, Blue, Green (1969) and a Rothko drawing (1945) are also featured. The sale is planned for Sotheby’s May contemporary art auctions in New York, with a preview in New York and travel to Los Angeles, San Francisco, and London.

Fine art

Sotheby’s Market Update: Juliana Huxtable Takes on the Art Market With Topical Cream

Sotheby’s

Sotheby’s documents the market development behind Juliana Huxtable Takes on the Art Market With Topical Cream. Its account reports that so in 2020, when Welgos decided to sell a constellation of contemporary artworks to help fund Topical Cream in Sotheby’s Contemporary Online sale, she immediately thought of Huxtable’s work.

Fine art

Sotheby’s Market Update: Sotheby's Contemporary Art Evening Auction Totals £92.5 million in London

Sotheby’s

Sotheby’s documents the market development behind Sotheby's Contemporary Art Evening Auction Totals £92.5 million in London. Its account reports that 11 February 2020: Tonight in London, Sotheby's Contemporary Art Evening Auction totalled £92,488,659 / $119,310,370 / €110,061,504, against a pre-sale estimate of £75.3-104.7 million.

Fine art

Sotheby’s Market Update: Over Thirty Further Works from the Legendary Najd Collection Head to Auction

Sotheby’s

Sotheby’s documents the market development behind Over Thirty Further Works from the Legendary Najd Collection Head to Auction. Its account reports that on 22 October 2019, thirty-six works from the legendary Najd Collection together sold for a record total of £33.5 million, with nine further records broken for the greatest exponents of the genre.

Fine Art

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