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May 2020 fine-art market intelligence

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21 headlines

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Category: Fine art

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Fine art

Sotheby’s bets on a $30 million Lichtenstein brushstroke painting amid uncertain sales

news.artnet.com

Roy Lichtenstein’s White Brushstroke I (1965) is being offered by Sotheby’s with an estimated price range of $20 million to $30 million. The artwork is guaranteed to sell, with questions about whether the guarantee comes from a third party or the house. The painting is part of a 1964–1965 series and is linked to major museums including the Art Institute of Chicago, Kunsthaus Zürich, and the Whitney Museum of American Art. Prior works from the series have sold for as much as $28.3 million at Christie’s in 2017.

Fine art

Roy Lichtenstein, la obra White Brushstroke I en subasta en Nueva York

firstonline.info

Roy Lichtenstein, la obra White Brushstroke I, de la serie Brushstroke (1965-66), subastada por Sotheby's en Nueva York con una estimación de 20 a 30 millones de dólares; la obra forma parte de la serieBrushstroke y ha sido mostrada en varias instituciones y exhibiciones.

Fine art

A giugno le Big Auction di Sotheby’s: Roy Lichtenstein guida l’asta di Contemporary a New York

artslife.com

Roy Lichtenstein's White Brushstroke I (1965), estimated at $20/30 million, is highlighted for Sotheby’s June Contemporary Evening Auction in New York. The article notes the shift of the sale dates to the week of June 29 and mentions the Brushstroke series as pivotal within Pop Art, with works in major museums including Art Institute of Chicago, Kunsthaus Zurich, and Whitney Museum of American Art.

Fine art

Tech executive Sean Parker buys Rubens painting at Christie’s for nearly $6 million amid arbitration dispute

news.artnet.com

Sean Parker purchased Peter Paul Rubens’s A Satyr holding a Basket of Grapes and Quinces with a Nymph (1620) at Christie’s for almost $6 million on behalf of his charitable foundation, but a consignor later sought to renege on the sale. Christie’s arbitration determined the bidder lawfully acquired the painting, and Christie’s is seeking to confirm the arbitration award in federal court to transfer the work and proceeds to the buyer and consignor, respectively.

Fine art

Lichtenstein brushstroke to highlight June auctions of contemporary art at Sotheby’s NY

martincid.com

Roy Lichtenstein’s White Brushstroke I from 1965 is highlighted for Sotheby’s Contemporary Art Evening Auction in New York with an estimated range of $20/30 million. The work is part of Lichtenstein’s Brushstroke series from 1965–66, with several canvases held in major museum collections including the Art Institute of Chicago, Kunsthaus Zürich, Kunstsammlung Nordrhein-Westfalen, and the Whitney Museum of American Art.

Fine art

Frieze New Yorks Online Edition launches with seven-figure sales to VIPs as art dealers hustle to get a handle on virtual fairs

news.artnet.com

George Condo Distanced Figures 3 (2020) is pictured in Hauser & Wirth’s coverage. Eileen Kinsella reports on Frieze New York's online edition, where VIPs accessed the fair and several works sold during the first day, including pieces from Dansaekhwa artist Chung Chang-Sup and Daniel Crews-Chubb at Timothy Taylor gallery with prices cited from $20,000 to $220,000 in the VIP preview; the event runs May 8–15, 2020.

Fine art

Gagosian sold a Cecily Brown painting online for $5.5 million on Mother’s Day and other art-industry news

news.artnet.com

Cecily Brown’s 2001 painting Figures in a Landscape 1 sold for $5.5 million through Gagosian’s online viewing room, run May 4–10 to accompany Frieze Week. The sale is described as Gagosian’s priciest virtual sale since Albert Oehlen’s Untitled (1988) which fetched $6 million in a viewing-room event tied to Art Basel Hong Kong.

Fine art

Christie’s to hold major four-city sale with $85 m. in headline lots

artnews.com

The article discusses Christie’s announcement of ONE: A Global Sale of the 20th Century, a four-city auction across New York, London, Paris, and Hong Kong scheduled for July 10. It describes the hybrid online/offline format and the aim to engage global bidders amid the pandemic, with sessions led by each region’s chief auctioneer. Quotes from Christie’s Alex Rotter and Giovanna Bertazzoni are included regarding the new format and market conditions.

Fine art

Sotheby’s first-ever online day sale of contemporary art achieves record-setting $13.7 million in New York

sothebys.com

Sotheby’s press release reports that Sotheby’s first online Contemporary Art Day Auction Online in New York totaled $13.7 million, the highest online sale total for Sotheby’s and more than double the previous record. The piece highlights global online sales surpassing $100 million year to date in 2020, with international bidding from 35 countries and 29% of buyers new to Sotheby’s. Works by Christopher Wool, Brice Marden, Richard Estes, and Matthew Wong are noted for strong performances, along with additional world auction records for Claire Tabouret, Katherine Bradford, and Kengo Takahashi.

Fine art

Incredible Italian woman wins 1-million-euro Picasso, AP confirms

apnews.com

The article reports that Claudia Borgogno, an Italian accountant, won a Picasso painting valued at 1 million euros in a charity raffle organized by Christie’s in Paris. The painting, Nature Morte (Still Life) painted in 1921, was provided by David Nahmad and is part of his extensive private Picasso collection. Proceeds from the 51,140 tickets at 100 euros each go to water projects in Madagascar and Cameroon.

Fine art

Woman in Italy wins 1-million-euro Picasso in charity raffle

spectrumnews1.com

Pablo Picasso's oil painting Nature morte, valued at 1 million euros, was won in a charity raffle by a woman in Italy. The raffle at Christie's Paris raised about 5 million euros from 50,000 tickets sold at 100 euros each.

Fine art

Christie’s to stream a global sale from four cities

spearswms.com

Christie’s will hold ONE: A Global Sale of the 20th Century across New York, London, Hong Kong and Paris using streaming technology. The sale replaces the planned New York 20th Century Evening sale and will present works to in-person and online audiences via a virtual exhibition. Notable works include Picasso’s Les femmes d’Alger (version ‘F’) with an estimated hammer around £25 million and Roy Lichtenstein’s Nude with Joyous Painting from 2020 is mentioned with a high estimate.

Fine art

Sotheby’s offers major works by 20th century female artists in $50m Ginny Williams Collection sale

theartnewspaper.com

The Art Newspaper reports Sotheby’s plans to offer the Ginny Williams Collection in several sales beginning June 29, with over two-thirds of the value attributed to female artists, totaling more than $50 million. Highlights include works by Joan Mitchell, Lee Krasner, Agnes Martin, Louise Bourgeois, and a Dorothea Lange–era lineup of photographers, among others.

Fine art

Auction houses attract collectors with private sales for three key reasons

artsy.net

The article discusses private sales at Sotheby’s, Christie’s, and Phillips, noting they have surged as in-person sales were restricted. It cites page views for Sotheby’s private sale pages, Christie’s share of private sales via website, and historical private-sale volumes at Christie’s, Sotheby’s, and Phillips, then outlines three main benefits driving demand: discretion, speed of transaction, and price control.

Fine art

A valentine to New York City, in a gift of 130 urban scenes by Chagall, O’Keeffe, Hockney and other artists

theartnewspaper.com

The New-York Historical Society announced a promised gift of 130 works depicting New York City scenes by artists including Norman Rockwell, Marc Chagall, Robert Henri, Jacob Lawrence, Georgia O’Keeffe, Louise Nevelson and David Hockney from Elie and Sarah Hirschfeld. The collection spans mid-19th to 21st centuries and highlights movements connected to New York City, with plans for a major exhibition in fall 2021 and a dedicated gallery space named for the donors.

Fine art

How Roy Lichtenstein's White Brushstroke I ushered in the Pop Art era

sothebys.com

Roy Lichtenstein, White Brushstroke I, 1965 is highlighted in Sotheby’s Contemporary Art Evening Auction preview. The piece is part of the Brushstroke series, which comprises 15 canvases, with eight held in or promised to major museums such as the Art Institute of Chicago, Kunsthaus Zürich, Kunstsammlung Nordrhein-Westfalen, and the Whitney Museum of American Art. The work’s provenance includes its debut at the Brushstrokes exhibition at Castelli Gallery in New York in 1965, ownership by Irving Blum, and subsequent acquisition by a major private American collection.

Fine art

Sotheby’s Market Update: Sotheby's Launches Innovative New Sale Format -- "In Confidence: Selected Masterpieces"

Sotheby’s

Sotheby’s documents the market development behind Sotheby's Launches Innovative New Sale Format -- "In Confidence: Selected Masterpieces". Its account reports that sotheby’s is pleased to announce the launch of In Confidence: Selected Masterpieces , an innovative hybrid sale format that combines the advantages of a private sale with those of an auction.

Fine Art

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