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20 headlines
Source-linked reporting
artnews.com
Henri de Toulouse-Lautrec, Pierreuse, 1889 by Toulouse-Lautrec is highlighted as the star lot in Christie’s Hong Kong–New York sale that realized $119.3 million, with sale prices including buyers’ premiums. The event featured a mix of Impressionist, modern, and contemporary Western and Asian art, conducted in Hong Kong and New York, and involved 31 lots in New York and 19 in Hong Kong.
artsy.net
Amoako Boafo, Dana Schutz, and Nicolas Party achieved new auction records at Christie’s hybrid sale. The auction included works by Boafo, Schutz, and Party, among others, with Boafo’s Baba Diop selling for HK$8.8 million (US$1.1 million), Party’s Still Life selling for HK$10.4 million (US$1.3 million), and Schutz’s 2017 canvas selling for HK$50 million (US$6.4 million). Christie’s reported total sales of $119.2 million and a 90% sell-through rate across locations in Hong Kong and New York.
artnews.com
The article discusses the Union League Club of Chicago considering liquidating part of its private art collection to address pandemic-related financial strain, including a Monet painting. It notes prior financial actions, confirmation of the plan by the club’s board, and mentions potential other works and the painting’s provenance and estimated value.
news.artnet.com
The article reports on Phillips's evening sale in New York which raised 135 million dollars, setting new auction records for Black artists Amy Sherald, Vaughn Spann, Jadé Fadojutimi, Kehinde Wiley, and Mickalene Thomas, as well as for Ghanaian painter Amoako Boafo and Canadian artist Matthew Wong. The sale included works by notable artists such as Helen Frankenthaler, Joan Mitchell, Henri Magritte, Pablo Picasso, and Norman Rockwell.
news.artnet.com
Alexander Calder, Mariposa (1951) led the sale, hammering at $16.6 million and total with fees $18.2 million. Pablo Picasso, Buste de femme assise (1962) was another eight-figure lot. The hybrid evening sale at Sotheby’s, covering Impressionist, Modern and contemporary art, totaled $63.4 million with a 92 percent sell-through.
culturetype.com
Amy Sherald’s The Bathers sold for $4,265,000 at Phillips New York. The sale also featured works by Jadé Fadojutimi, Vaughn Spann, Kehinde Wiley, and Mickalene Thomas setting new records.
theartnewspaper.com
Barkley Hendricks's Mr. Johnson (Sammy from Miami) and Alexander Calder’s Mariposa (1951) headline Sotheby’s sale, with Mariposa selling for $15.6 million ($18.2 million with fees) and Barkley Hendricks’s record-setting $3.3 million ($4 million with fees) for Mr. Johnson (Sammy from Miami). The sale totalled $63.3 million (with fees) against a high estimate of $58.6 million, driven by strong results across Impressionist, Modern and contemporary works, and an 83% sell-through rate.
mondexcorp.com
Sotheby’s London old masters sale brought £10.6 million ($14.2 million) across 23 lots with a 72.4 percent sell-through. The top lot was David Teniers the Younger’s The Wine Harvest, selling for £3.6 million ($4.87 million). Sandro Botticelli’s Christ on the Cross adored by Saints Monica, Augustine, Mary Magdalene, Jerome and Bridget of Sweden sold for £1 million ($1.4 million) with a guarantee.
auctiondaily.com
No Maegi blog headline found on the page. The page reports on Phillips’ Contemporary Art Evening Sale totaling USD 134.6 million and highlights works by David Hockney and Clyfford Still, among others, with records and set benchmarks.
news.artnet.com
Wassily Kandinsky’s Bild mit Häusern (1909) is kept by the Stedelijk Museum after a Dutch court ruled it can remain in the collection. The heirs of the prewar owner claimed the work was sold under duress; the Restitutions Committee had rejected the claim in 2018. The court noted the binding nature of the committee’s recommendation and found no serious defects in its provenance investigation.
artnews.com
The Dutch court ruled that the Stedelijk Museum in Amsterdam may keep Wassily Kandinsky's 1909 painting Painting with Houses, ending one of the most prominent restitution suits. The painting belonged to Robert Lewenstein, who fled the Netherlands in 1940, and his heirs alleged bias in the Restitutions Commission, though the court found no such bias. The work was sold to the museum by Fredrik Muller in 1940 at a reduced price, after Lewenstein’s father had paid in 1923.
apnews.com
The Hague court rejected a restitution case brought by heirs of a Jewish family for a Kandinsky painting, upholding a 2018 ruling that the artwork titled Painting With Houses from Amsterdam’s Stedelijk Museum does not have to be returned. The Lewenstein family and their lawyers expressed disappointment and said they will appeal.
artnews.com
Domenico Ghirlandaio, Salvator Mundi, is featured on Christie’s Old Masters evening sale, which brought in £18.7 million on the hammer (£22.8 million with buyers’ fees, $30.9 million) across 38 lots. The sale set artist records for new-to-market works and achieved an 86 percent sell-through rate, with Bernadino Luini’s The Nativity, with the Journey to Egypt, withdrawn prior to the sale.
artnews.com
Salman Toor’s Liberty Porcelain (2012) led Phillips New Now London sale with a premium price of £378,000 ($505,688). The event total was £3.8 million ($5.1 million) across 172 lots, with a 76.6 percent sell-through. Other notable lot included Banksy’s Girl with Balloon (2004) selling for £189,000 ($252,800).
theartnewspaper.com
Barbra Streisand purchased Vincent van Gogh’s Peasant Woman with Child on her Lap (1885) at Christie’s New York on 6 October for $4,470,000, above its estimate. The work was once owned by Penthouse founder Bob Guccione, who bought it around 1979 and later sold it in 2002; Guccione died in 2010. The painting had been lent to the San Diego Museum of Art from 2018 to March this year.
theartnewspaper.com
The Art Newspaper reports that Sotheby’s global sales surpassed Christie’s in 2020, reaching over $5bn versus Christie’s $4.4bn. The piece highlights Sotheby’s stronger digital and online sales performance, including over 400 online auctions totaling more than $570m, and cites Francis Bacon’s Triptych Inspired by the Oresteia of Aeschylus (1981) as a top sale price of $84.5m.
Sotheby’s
Sotheby’s documents the market development behind Sotheby’s Adapts and Innovates in a Year of Unprecedented Change And Delivers Industry Leading Sales Totals | Press Release. Its account reports that with several auctions still to go before the close of 2020, Sotheby’s consolidated sales thus far this year now stand at over $5 billion.
Christie’s
Christie’s documents the market development behind RESULTS: Christie's Latest X Greatest Online Sale Series Achieves $4.7million - Christie's. Its account reports that new York – Christie’s sale series Latest x Greatest, achieved a combined total of $4,679,875 across three online-only sales spanning post-war and contemporary art, prints and luxury categories.
Christie’s
Christie’s documents the market development behind Christie’s Hong Kong Modern and Contemporary Art auction series achieves HK$1.73 billion, the highest total for any auction house in Asia this year. Its account reports that works sold in Hong Kong realised a total of HK$1.73 billion / US$224.7 million, the highest sale total for any auction house in Asia this year.
Christie’s
Christie’s documents the market development behind RESULTS: Christie's Hong Kong to New York Auction Achieves USD$119.3 million/ HKD$920.4 million - Christie's. Its account reports that alex Rotter, Chairman, 20th and 21st Century Art, Christie’s: “This week’s sale series in both Hong Kong and New York are a fitting coda to an innovative and re-imagined fall sale season for 20th and 21st Century Art, which started in New York in early October with a $387.2 million sale series,…