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October 2020 fine-art market intelligence

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Fine art

Basquiat, Warhol bring Keith Haring collection sale to $4.6 M

artnews.com

Basquiat and Warhol are mentioned alongside Keith Haring collection sale that totaled $4.6 million across 144 lots at Sotheby’s benefiting the Center. The top lot involved a collaborative installation including Basquiat, Haring and others; Warhol’s portrait of Haring sold for $504,000.

Fine art

René Gimpel heirs to receive restituted André Derain paintings

artnews.com

Three Nazi-looted Derain paintings, Paysage à Cassis, La Chapelle-sous-Crécy, and Pinède à Cassis, are to be restituted to the family of René Gimpel. The works, created between 1907 and 1910 and held by the Modern Art Museum in Troyes and the Cantini Museum in Marseille, were ruled restituted by a Paris court of appeals after earlier rejection in 2019.

Fine art

France ordered to return three Derain paintings to heirs of Jewish dealer René Gimpel

theartnewspaper.com

The Paris court of appeal ordered the restitution of three Derain landscapes from two public collections to the grandchildren of René Gimpel, a Jewish art dealer who died in a concentration camp in 1945. The works are Paysage à Cassis and Le Moulin, at the Modern Art Museum in Troyes, and Pinède, Cassis, at the Musée Cantini in Marseille.

Fine art

Sotheby’s Keith Haring collection sale brings in $4.6 million, tripling expectations

news.artnet.com

Keith Haring’s personal collection sold at Sotheby’s for $4.6 million, three times its high estimate. The top lot was Andy Warhol’s portrait Keith Haring and Juan DuBose (1983) costing $504,000. A large multi-artist Untitled piece from 1981 tied to Fab Five Freddy and Basquiat sold for $504,000.

Fine art

Judy Chicago's Birth Project series work will benefit Planned Parenthood as reproductive healthcare comes under renewed threat

theartnewspaper.com

Judy Chicago, Trinity Birth Quilt, 1983, is offered in a Sotheby’s virtual sale benefiting Planned Parenthood of the Rocky Mountains; the work carries an estimate of $250,000–$350,000, and other works by Pat Steir, Marilyn Minter, Laurie Simmons, Rita Ackermann, Jeff Koons, Sol LeWitt and more are included in the sale.

Fine art

Baltimore Museum of Art to deaccession paintings by Warhol, Still and Marden to fund collection care and staff pay

theartnewspaper.com

The Baltimore Museum of Art plans to deaccession three works by Andy Warhol, Clyfford Still, and Brice Marden to raise about $65 million for collection care, staff salary increases, diversity initiatives, and acquisitions. The Warhol piece will be sold privately, while the Still and Marden works will be auctioned through Sotheby’s with estimated prices of $12–$18 million and $10–$15 million respectively.

Fine art

Mega-Collector Ronald Perelman’s $28 million Gerhard Richter carries Sotheby’s contemporary art auction in Hong Kong

news.artnet.com

Gerhard Richter’s Abstraktes Bild (649-2) (1987) sold for HK$214 million ($27.7 million), identified as the top lot and the highest price for a Western artwork sold in Asia. The buyer was the Pola Museum of Art in Hakone, Japan, and the painting was reportedly consigned by Ronald Perelman; the sale total was HK$684 million ($88.3 million). Banksy’s Forgive Us Our Trespasses sold for HK$64 million ($8.4 million). Adrian Ghenie’s Lidless Eye (2016-18) sold for HK$5xx? million (exactness not fully provided in excerpt).

Fine art

Pollock painting sells for $12 million moving Everson diversification and collection goals forward

everson.org

Jackson Pollock's Red Composition, 1946 sold for a hammer price of $12 million at Christie's 20th Century Evening Sale in New York. The Everson Museum of Art offered the work in 1991 and originally purchased it in 1958 for $3,500; it was donated to the museum at $800,000. Proceeds will fund diversification of the Everson's collection to include more works by artists of color, women artists, and other underrepresented artists, and support conservation and storage enhancements.

Fine art

Gerhard Richter painting becomes the most expensive western work ever sold at auction in Asia

theartnewspaper.com

Gerhard Richter's 1987 Abstraktes Bild (649 - 2) sold for HK$214.6m (US$29.2m) at Sotheby’s Hong Kong, bought by The Pola Museum of Art in Hakone, Japan. The sale set the record as the most expensive western work sold at auction in Asia, with other top western artists' works also performing strongly at the same sale.

Fine art

Results: Twombly and a T. rex lead Christie’s 20th Century Evening Sale

press.christies.com

Cy Twombly’s Untitled [Bolsena], 1969 sold for $38.7 million and STAN, a T. rex skeleton, sold for $31.8 million at Christie’s 20th Century Evening Sale in New York. Other notable results included Mark Rothko’s Untitled, 1967 at $31.3 million and Pablo Picasso’s Femme dans un fauteuil, 19 June 1942 at $29.6 million, with the sale totaling $340,851,500.

Fine art

Polamuseum buys Gerhard Richter’s work at about 2.93 billion yen, the highest price for a Western artist at an Asian auction

fashionsnap.com

Polamuseum purchased Gerhard Richter’s Abstraktes Bild (649-2) at auction for about 2.93 billion yen (about 214.63 million HKD / about 27,694 USD). This amount is stated as the highest price for a Western artist’s work at an Asian auction. The sale occurred at a Sotheby’s contemporary art auction in Hong Kong on October 6, with estimated hammer price previously cited between 1.64 and 1.91 billion yen.

Fine art

Collector Ronald Parelman’s 28 million Gerhard Richter painting led Sotheby’s livestreamed contemporary sale in Hong Kong

yanggallery.com.sg

Ronald Parelman is associated with a Gerhard Richter painting that sold for HK$28 million ($3.6 million) for a work titled Abstraktes Bild (649-2) during Sotheby’s livestreamed contemporary sale in Hong Kong. The event total was HK$684 million ($88.3 million) and included works by Richter, Bacon, Ruscha, Condo, Liu Ye, Zhang Xiaogang, among others.

Fine art

Coveted Van Gogh bouquet to be sold at Sotheby’s New York, valued at $18m

theartnewspaper.com

Vincent van Gogh’s Fleurs dans un Verre (Flowers in a Glass, 1890) is to be auctioned at Sotheby’s New York on 28 October, with an estimated price of $14m-$18m. The painting, created in Auvers-sur-Oise around June 1890, depicts flowers in a glass and accompanied by historical notes about Van Gogh’s flower work and his time in Paris and Arles.

Fine art

Works by young artists boosted Phillips’s solid £34 million sale to kick off the fall auction season in London

news.artnet.com

The Phillips 20th century and contemporary art evening sale in London totaled £26.3 million ($34.1 million) across 38 lots, with final prices including buyer's premium. The sale was aided by online bidding from Asia and had 99% by value and 95% by lot sold. Withdrawn items included Damien Hirst’s The Body of Christ and KAWS’s HARD FEELINGS. Three works guaranteed ahead of time raised £4.4 million for Bedari Foundation: Jean-Michel Basquiat’s Back of the Neck (1983), Keith Haring’s Untitled (Grace Jones Mask) (1987), and George Condo’s The Age of Reason (2010).

Fine art

Everson Museum defends deaccession of Pollock painting amid legal challenges

hyperallergic.com

Jackson Pollock, “Red Composition,” (1946) is the subject of the Everson Museum of Art’s plan to deaccession the work to diversify the collection. The painting, donated in 1991, was auctioned at Christie’s Evening Sale in New York, with an estimated value of $12 million to $18 million, and sold for $13 million at the lower end amid a legal petition challenging the deaccession. The petition, filed with the New York State Department of Education by Pierre Ciric, claims a violation of the public trust doctrine; Christie’s and the museum indicate the sale will finalize only once the challenge is resolved.

Fine art

100%-sold impressionist & modern art auction propels marquee sales to $284 million

sothebys.com

Giant blue-chip sale results in $284 million in total with Impressionist & Modern Art Evening Sale reaching $141.1 million. Notable works include Giacometti’s Femme Leoni sold for $25,916,400, Giorgio de Chirico’s Il Pomeriggio di Arianna sold for $15,890,400, Man Ray’s Black Widow sold for $5,779,200, Vincent van Gogh’s Fleurs dans un verre sold for $16,235,100, and René Magritte’s L’ovation sold for $14,??? (amount partially cut in provided text).

Fine art

Giacometti, De Chirico and Alfa Romeo cars lead Sotheby’s $283m New York sales after major museum works abruptly pulled

theartnewspaper.com

Giacometti, De Chirico and Alfa Romeo cars lead Sotheby’s $283m New York sales after major museum works abruptly pulled. Giorgio de Chirico’s Il Pomeriggio di Arianna (1913) sold for $13.6m, a new record for the artist in the Impressionist and Modern sale, and a trio of Post-War Alfa Romeo concept cars topped the earlier Contemporary sale at $13.5m.

Fine art

Giacometti, Van Gogh lead Sotheby’s $283 m October evening sale

artnews.com

Giacometti, Van Gogh lead Sotheby’s $283 m October evening sale. Alberto Giacometti’s Grande Femme I sold privately for $90 million and another Giacometti sculpture was also sold in a private sale, contributing to the sale totals. The auction totals across the contemporary and impressionist portions are reported as $142.9 million and $141 million respectively.

Fine art

Sotheby’s Market Update: Sotheby’s Live-Streamed Sales of Contemporary and Impressionist & Modern Art Bring $283.9 Million | Press Release

Sotheby’s

Sotheby’s documents the market development behind Sotheby’s Live-Streamed Sales of Contemporary and Impressionist & Modern Art Bring $283.9 Million | Press Release. Its account reports that in a continuation of the strong results for outstanding examples of Surrealism established in our June 2020 sales, 10 works sold in tonight’s 12 Impressionist & Modern Art Evening Sale achieved $52.3 million.

Fine art

Sotheby’s Market Update: SOTHEBY’S TO AUCTION WORKS ON BEHALF OF THE BROOKLYN MUSEUM THIS FALL | Impressionist & Modern Art

Sotheby’s

Sotheby’s documents the market development behind SOTHEBY’S TO AUCTION WORKS ON BEHALF OF THE BROOKLYN MUSEUM THIS FALL | Impressionist & Modern Art. Its account reports that sotheby’s will auction additional works on behalf of the Brooklyn Museum across collecting categories throughout the fall, including the Contemporary and Impressionist & Modern Art Day Sales in mid-November and a dedicated sale of Fabergé objects in November.

Fine art

Christie’s Market Update: William Shakespeare’s 'First Folio' Sells for $9,978,000 and Sets World Auction Record for Any Work of Literature at Christie’s - Christie's

Christie’s

Christie’s documents the market development behind William Shakespeare’s 'First Folio' Sells for $9,978,000 and Sets World Auction Record for Any Work of Literature at Christie’s - Christie's. Its account reports that new York – William Shakespeare’s Comedies, Histories, & Tragedies, often referred to as the “First Folio,” sold for $9,978,000 and established a new world auction record for any work of literature.

Fine art

Christie’s Sets October Post-War and Contemporary Evening Auction

Christie’s

Christie’s announced an October London evening sale led by David Hockney’s portrait of Sir David Webster, Peter Doig’s Boiler House and a mixed-reality work by Marina Abramović.

Fine art

Christie’s Market Update: ["RELEASE: Christie's October 20th Century Week Totals $387.2 Million in New York - Christie's", "RELEASE: Christie's October 20th Century Week Totals $387.2 Million in New York"]

Christie’s

Christie’s documents the market development behind ["RELEASE: Christie's October 20th Century Week Totals $387.2 Million in New York - Christie's", "RELEASE: Christie's October 20th Century Week Totals $387.2 Million in New York"]. Its account reports that new York – Christie’s October 20th Century Week – an innovative addition to the global sales calendar this year — realized a grand total of $387,242,500, including the Evening Sale, two Day Sales of Post-War and Contemporary Art and Impressionist and Modern Art and an online-only sale of Robert…

Fine art

Sotheby’s Market Update: Six Sales of Modern & Contemporary Art Achieve a Combined Total of HK$1.67 Billion/US$215 Million at Sotheby's Hong Kong | Press Release

Sotheby’s

Sotheby’s documents the market development behind Six Sales of Modern & Contemporary Art Achieve a Combined Total of HK$1.67 Billion/US$215 Million at Sotheby's Hong Kong | Press Release. Its account reports that cOMBINED SELL-THROUGH RATE: 87%FOUR WORKS SELL FOR OVER HK$100 MILLION (US$13 MILLION) EACHHIGHEST PRICE ACHIEVED FOR ANY WESTERN ARTWORK SOLD AT AUCTION IN ASIAEIGHT NEW ARTIST AUCTION RECORDSASIA DEBUT OF SOTHEBY’S PIONEERING MULTI-CAMERA LIVESTREAM FORMAT.

Fine art

Sotheby’s Market Update: Sotheby's Launches its First Ever Sale Dedicated to Contemporary Japanese Printmakers and Photographers | Press Release

Sotheby’s

Sotheby’s documents the market development behind Sotheby's Launches its First Ever Sale Dedicated to Contemporary Japanese Printmakers and Photographers | Press Release. Its account reports that 06 October 2020, London: Today, a curated selection of contemporary Japanese prints, multiples and photographs opened for bidding on Sothebys.com in a sale titled ‘From Japan with Love’.

Fine art

Sotheby’s Market Update: DEAR KEITH: WHITE-GLOVE SALE OF WORKS FROM THE PERSONAL COLLECTION OF ARTIST & ACTIVIST KEITH HARING,IS 100% SOLD AND ACHIEVES $4.6 MILLION TRIPLING THE HIGH ESTIMATE | Press Release

Sotheby’s

Sotheby’s documents the market development behind DEAR KEITH: WHITE-GLOVE SALE OF WORKS FROM THE PERSONAL COLLECTION OF ARTIST & ACTIVIST KEITH HARING,IS 100% SOLD AND ACHIEVES $4.6 MILLION TRIPLING THE HIGH ESTIMATE | Press Release. Its account reports that nEW YORK, 1 October 2020 – Nearly 450 bidders, 29 artist records and an average of 33 bids per lot drove Sotheby’s white-glove sale of Dear Keith: Works from the Personal Collection of Keith Haring, which achieved an outstanding $4.6 million – more than three times the sale’s $1.4 million high…

Fine Art

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