Monthly archive

March 2021 fine-art market intelligence

26 headlines

26 headlines

Search and filter

Category: Fine art

Source-linked reporting

Headlines

26 headlines
Fine art

Boris Johnson says Van Gogh’s Sunflowers lifts the soul as the London masterpiece is unveiled in Australia

theartnewspaper.com

Vincent van Gogh’s Sunflowers (1888) from London’s National Gallery is on display at Canberra’s National Gallery of Australia as part of the exhibition Botticelli to Van Gogh: Masterpieces from the National Gallery, London. UK Prime Minister Boris Johnson is quoted in the exhibition catalogue about the painting lifting the soul with its explosive yellows and greens.

Fine art

France to seek return of Klimt painting to original owners

artnews.com

France's culture minister Roselyne Bachelot announced plans to return Gustav Klimt's Rosiers sous les arbres (Roses Under the Trees), circa 1905, to the heirs of its original Austrian-Jewish owner Nora Stiasny, who was killed in Poland in 1942. The painting has been in the Musée d’Orsay since 1980 after a 1980 acquisition from Zurich's Nathan Peter Gallery, and the restitution process would require a bill under French law.

Fine art

Gustav Klimt painting ownership to come full circle

luxuo.com

Gustav Klimt’s Rosiers sous les arbres was looted during Austria’s annexation and later acquired by France; a restitution to the original owners’ descendants is planned. The article notes the painting’s provenance from Viktor Zuckerland to Nora Stiasny, Nazi-era transfer under duress, and eventual French acquisition in 1980 for the Musée d’Orsay.

Fine art

France to return Klimt painting to heirs of Jewish owner

jns.org

Gustav Klimt’s Rosiers sous les arbres is set to be returned to the heirs of Austrian Jewish owners Viktor and Paula Zuckerkandl. The painting has hung in the Musée d’Orsay since 1980 after being acquired by the state; the return follows a 2019 request and a government bill to release the artwork from the national collection, marking the first restitution from France’s national collection. The heirs are Nora Stiasny and the Zuckerkandl heirs.

Fine art

Jean-Michel Basquiat's Warrior becomes the most expensive western work of art sold in Asia at $41.7m

theartnewspaper.com

Jean-Michel Basquiat's Warrior (1982) sold at Christie's in Hong Kong for HK$280m (HK$323.6m/$41.7m with fees) to an Asian buyer, making it the most expensive Western work sold in Asia. The sale took place during the 20th Century Art Evening Sale with bidding from Hong Kong and New York, and the work was previously catalogued with a different history, including prior sales in London and appearances in Tokyo and New York exhibitions.

Fine art

The Louvre Abu Dhabi makes 27 acquisitions including a record-setting Georges de la Tour painting

news.artnet.com

The Louvre Abu Dhabi acquired Georges de La Tour’s La Fillette au braisier (Girl Blowing on a Braizer) for €4.3 million ($5 million) at Lempertz, a record for Old Masters at auction in Germany. It also purchased Marc Chagall’s Entre chien et loup (Between Darkness and Light) from 1943, among 27 acquisitions in the past year.

Fine art

A new world record for Banksy and a Pretty Little Picasso powers Christie’s record‑setting 275 million contemporary art sale

news.artnet.com

The article discusses Christie’s contemporary art sale in Hong Kong and London that achieved £199 million ($275 million) with Banksy’s work leading the way. It mentions Basquiat’s self-portrait selling for $41.8 million and highlights works by Joy Labinjo, Issy Wood, Lynette Yiadom-Boakye, and Claire Tabouret, among others, as the sale progressed through 20th‑century, Surrealist, and contemporary categories.

Fine art

Picasso, Banksy, Magritte top Christie's $274.8 m. London sales

artnews.com

Pablo Picasso, Banksy, and Magritte are highlighted in Christie’s London sales, which totaled $274.8 million. The article discusses the mix of Impressionist, modern, Surrealist, postwar, and contemporary works, the sale heads led by Picasso, Banksy, and Magritte, and the performance of the 20th century art banner at Christie’s London sale on March 1.

Fine art

In bidding confusion at Sotheby’s, unseen Van Gogh initially sells for €16.2m but is then resold for €13m at end of auction

theartnewspaper.com

Vincent van Gogh’s Scène de rue à Montmartre/Montmartre Street Scene (Impasse des Deux Frères et le Moulin à Poivre) (February–April 1887) sold for €11.2m (€13m with fees) at Sotheby’s Paris after a bidding confusion; the work carried an estimate of €5m-€8m and was re-opened at the end of the auction due to a bidding error. The sale involved Aurélie Vandevoorde, Nicolas Chow, and Samuel Valette, with a third online bidder initially winning at €16.2m with fees before the sale was reopened and ultimately sold for more than €2m less than the first offer.

Fine art

Ghent Altarpiece goes home, and more art news

artnews.com

Ghent Altarpiece goes home, the majestic work by Jan van Eyck is now on view in a new high-tech glass case at St. Bavo’s Cathedral in Belgium. A €30 million ($35.4 million) renovation preceded the unveiling, with prior display at Ghent’s Museum of Fine Arts. The article also mentions Ben De Vriendt and Jan Jambon commenting on the restoration and display.

Fine art

Rare Vincent van Gogh painting sells for $15.4 million at Sotheby’s

robbreport.com

Vincent van Gogh’s landscape Scène de rue à Montmartre (Impasse des Deux Frères et le Moulin à Poivre), 1887, rediscovered after more than a century, sold for €11.25 million hammer (€13 million with buyer’s premium, or $15.4 million) at Sotheby’s Paris during an Impressionist and modern art evening sale. The work was the top lot in the sale, conducted with Mirabaud Mercier, and Sotheby’s auctioned it again after an initial bid, with the final price reported as $15.4 million.

Fine art

Christie’s global series of 20th century auctions during March realises a combined total of £361,428,211 / $500,791,398 / €419,223,317 / HK$3,870,565,123

press.christies.com

Christie’s reports a combined total of £361,428,211, $500,791,398, €419,223,317, and HK$3,870,565,123 across its 20th century auctions in March. The release highlights records including Jean-Michel Basquiat’s Warrior in Hong Kong and Banksy’s tribute piece, with other notable sales such as The Art of the Surreal Evening Sale and works by Picasso, Conrad Felixmüller, and Nicole Eisenman.

Fine art

The Getty Museum acquires Artemisia Gentileschi’s Lucretia, a rediscovered painting that set a prior auction record

news.artnet.com

Artemisia Gentileschi’s Lucretia (ca. 1627) was acquired by the Getty Museum. The painting had previously appeared at auction in 2019 at Artcurial in Paris, selling for $5.3 million, a record for Gentileschi. The work was once in a private collection in Lyon, France, and the acquisition details about whether it was a gift or purchase were not disclosed.

Fine art

Sotheby’s Market Update: Jean-Michel Basquiat’s Phenomenal ‘Versus Medici’ Comes to Auction

Sotheby’s

Sotheby’s documents the market development behind Jean-Michel Basquiat’s Phenomenal ‘Versus Medici’ Comes to Auction. Its account reports that a n extraordinary work executed in 1982, when the artist was just 22 years old, Jean-Michel Basquiat’s Versus Medici https://www.sothebys.com/en/buy/auction/2021/contemporary-art-evening-auction/versus-medici will star in the Contemporary Art Evening Auction in New York on 12 May, where it will…

Fine art

Christie’s Market Update: 20th Century Evening Sale Results – March 2021

Christie’s

Christie’s documents the market development behind 20th Century Evening Sale Results – March 2021. Its account reports that on 23 March Christie’s three global livestreamed evening sales of 20th-century art realised a combined total of £198,716,619 / $274,825,084 / €230,312,562 / HK$1,655,333,300.

Fine art

Christie’s Market Update: CHRISTIE'S RESULTS | Global Series of 20th Century Auctions Realises a Total of: £198,716,619 / $274,825,084 / €230,312,562 / HK$2,124,678,092 - Christie's

Christie’s

Christie’s documents the market development behind CHRISTIE'S RESULTS | Global Series of 20th Century Auctions Realises a Total of: £198,716,619 / $274,825,084 / €230,312,562 / HK$2,124,678,092 - Christie's. Its account reports that global – Christie’s Spring Season of 20TH Century Evening Sales continued on 23 March 2021, realising £198,716,619 / $274,825,084 / €230,312,562 / HK$1,655,333,300, selling 93% by lot, 97% by value and 128% hammer above low estimate.

Fine art

Christie’s Market Update: CHRISTIE'S RESULTS | Jean-Michel Basquiat's Warrior launches 20th Century Art Evening Sales on 23 March selling for HK$323,600,000 / £30,265,619 / €35,077,853 / US$41,857,351 - Christie's

Christie’s

Christie’s documents the market development behind CHRISTIE'S RESULTS | Jean-Michel Basquiat's Warrior launches 20th Century Art Evening Sales on 23 March selling for HK$323,600,000 / £30,265,619 / €35,077,853 / US$41,857,351 - Christie's. Its account reports that jEAN-MICHEL BASQUIAT’S WARRIOR LAUNCHES 20TH CENTURY ART EVENING SALES ON 23 MARCH SELLING FOR HK$323,600,000 / £30,265,619 / €35,077,853 / US$41,857,351.

Fine art

Spring Sales of 20th Century & Contemporary Art

Phillips

Phillips’s preserved release documents Spring Sales of 20th Century & Contemporary Art and details the principal works, sale terms, or market results.

Fine art

Christie’s Market Update: RELEASE | The First 5000 Days, sold for $69,346,250 to Metakovan, founder of Metapurse - Christie's

Christie’s

Christie’s documents the market development behind RELEASE | The First 5000 Days, sold for $69,346,250 to Metakovan, founder of Metapurse - Christie's. Its account reports that singapore - March 12, 2021 - Metakovan, the pseudonymous founder and financer of Metapurse, the largest NFT (unique digital assets) fund in the world, successfully bid and acquired EVERYDAYS: THE FIRST 5000 DAYS, for $69,346,250 (~42329.453 ETH).

Fine art

Christie’s Market Update: RESULTS: Beeple's Purely Digital NFT-Based Work of Art Achieves $69.3 Million at Christie's - Christie's

Christie’s

Christie’s documents the market development behind RESULTS: Beeple's Purely Digital NFT-Based Work of Art Achieves $69.3 Million at Christie's - Christie's. Its account reports that nEW YORK – On March 11, 2021, Christie’s concluded its single lot online sale of Beeple’s Everydays: The First 5000 Days, achieving $69,346,250 and setting the third highest price for a living artist at auction in a watershed moment in the development of digital art.

Fine art

Christie’s Market Update: PRESS RELEASE : Banksy's Game Changer to be Sold at Auction: Proceeds will benefit the NHS - Christie's

Christie’s

Christie’s documents the market development behind PRESS RELEASE : Banksy's Game Changer to be Sold at Auction: Proceeds will benefit the NHS - Christie's. Its account reports that london – Banksy’s Game Changer will be offered at auction in Christie’s 20th Century Art Evening Sale on 23 March 2021, with a pre-sale estimate of £2,500,000-3,500,000.

Fine art

Christie’s Market Update: press release : a rediscovered qajar painting from bonnet house museum gardens leading 1 april 2021 auction شاهکار ه نر دوره قاجار

Christie’s

Christie’s documents the market development behind press release : a rediscovered qajar painting from bonnet house museum gardens leading 1 april 2021 auction شاهکار ه نر دوره قاجار. Its account reports that the Bartletts were important collectors of French Impressionist and Modern art.

Fine Art

Looking for a particular work?

Share the artist, period, medium, budget, and timing that define your acquisition or sale objective.

Discuss Fine Art