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June 2021 fine-art market intelligence

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Fine art

I Have No Other Choice: Holocaust Survivor Relinquishes Her Claim to a Looted Camille Pissarro Painting

news.artnet.com

Camille Pissarro, La Bergère Rentrant des Moutons (Shepherdess Bringing in Sheep), 1886, is discussed. The article reports that Léone Meyer, a Holocaust survivor, has relinquished ownership and transferred the painting to the University of Oklahoma Foundation, which plans to donate it to a French institution or the U.S. Art in Embassies program for rotating display in France and at the Fred Jones Jr. Museum of Art. Meyer’s statement, “I have no other choice,” is quoted regarding the decision to relinquish the claim after years of legal pursuit.

Fine art

French heir gives Pissarro stolen by the Nazis to a U.S. university

nytimes.com

Graham Bowley reports that a Pissarro painting, long at the center of an ownership dispute involving a Jewish family whose relatives had artworks looted by the Nazis, will be given to the University of Oklahoma with plans to transfer title later to a French institution. The work depicts a shepherdess and was previously displayed at the University of Oklahoma before being transferred to the Musée d’Orsay in Paris.

Fine art

Rediscovered Kandinsky watercolor sells for $1.3 million after 70 years

smithsonianmag.com

Wassily Kandinsky, Curved Tips, 1927 is rediscovered after seven decades and sold for nearly $1.3 million (€1.13 million) at Ketterer Kunst in Berlin. The piece, previously missing since 1949, appeared in the estate of a private collector in western Germany and surpassed its $300,000 estimate.

Fine art

Dallas museum of art acquires basquiat apartment door painting

artnews.com

Basquiat Sam F (1985) by Jean-Michel Basquiat is acquired by the Dallas Museum of Art, marking the first Basquiat in its holdings. The painting, depicting a suit-jacketed man in a wheelchair, will go on view in Dallas on July 4, with the Feldmans donating the work as a gift.

Fine art

Records set for Cinga Samson, Avery Singer, Vija Celmins, Titus Kaphar and Julie Curtiss at Phillips's $118.2m evening sale

theartnewspaper.com

Cinga Samson, Avery Singer, Vija Celmins, Titus Kaphar and Julie Curtiss are mentioned in connection with Phillips's 20th century and contemporary art evening sale in New York, which achieved $118.2 million in total and set records for several artists. The sale total was $118.2m (with fees) against a $102.4m high estimate, and a Rothko piece realized $3.2m ($3.9m with fees).

Fine art

Star Power: Jay Chou curated contemporary art auctions achieve stellar results

sothebys.com

Jay Chou curated the Contemporary Curated: Asia auction series concluded with all 46 lots sold, totaling HK$846 million (US$109 million). The top lot was Jean-Michel Basquiat, Untitled, 1985, at HK$290 million (US$37.3 million). Other notable results include Richard Prince’s Runaway Nurse setting an artist record at HK$94 million (US$12.1 million) and records for Loie Hollowell, Peter McDonald, Jamian Juliano-Villani, Yukimasa Ida, Natee Utarit, and a regional record for Frank Stella; the event also featured three bespoke concert costumes raising HK$2.6 million.

Fine art

Hockney Leads $119 million Phillips New York sale

artnews.com

David Hockney is mentioned with A Neat Lawn, 1967. Phillips led a modern and contemporary art evening sale in New York with a hammer total of $97.4 million (or $118.9 million with premium). The sale included works by Keith Haring, Jean-Michel Basquiat, Richard Prince, Mark Rothko and David Hockney.

Fine art

"$20.7 M. Freud Portrait, Speyer Works Anchor Sotheby’s London Sales"

artnews.com

Lucian Freud portrait of David Hockney from 2002 sold for £14.9 million ($20.7 million) with buyer’s premium at Sotheby’s London, from a Speyer Family Trust group of 21 works; the Speyer trust sold £28.2 million ($39.7 million) worth of works in the sale, which totaled £156.2 million ($217 million) across 83 lots.

Fine art

Fierce demand from collectors in Asia propelled Sotheby’s £217 million sales of British and contemporary art in London

news.artnet.com

Wassily Kandinsky Tensions calmes is highlighted among works in Sotheby’s British and modern and contemporary art sales in London, which together totaled £156.2 million ($217 million) across 83 lots. The British sale brought in £48 million with 30 of 34 lots sold, while the marquee modern/contemporary sale sold £108 million across 57 lots, with a 93 percent sell-through. The results were described as strong but not frothy, with numerous guarantees and a mix of third-party and house guarantees.

Fine art

Christie’s Marathon London to Paris sale brought in $212 million and featured three female auctioneers

news.artnet.com

Pierre Soulages, Zao Wou-ki, Jean Dubuffet. Works discussed include the private Gross collection in Paris and the London sale’s Banksy lot. The sale totals were £153.6 million ($212.6 million) across both cities, with the London main sale totaling £119.3 million ($166 million) and the Paris sale realizing €13.3 million ($15.8 million). Auctioneers noted were Veronica Scarpati, Cécile Verdier, and Camille de Foresta; the earlier London host was Jussi Pylkkänen. Auction houses: Christie’s (London and Paris).

Fine art

Lucian Freud's portrait of David Hockney fetches £14.9m in strong hybrid sales at Sotheby’s in London

theartnewspaper.com

Lucian Freud's portrait of David Hockney (2002) by Lucian Freud sold for £12.8m (£14.9m with premium) at Sotheby’s British Art evening sale in London, with six bidders from New York, Hong Kong and London. The sale contributed to Sotheby’s total of £130.4m (£156.2m with fees) across 83 lots, the highest summer total since 2018.

Fine art

Christie’s Market Update: RESULTS: 20TH/21ST CENTURY: LONDON TO PARIS EVENING SALE SERIES ACHIEVES £153,592,611 / $212,572,174 / €178,321,022 - Christie's

Christie’s

Christie’s documents the market development behind RESULTS: 20TH/21ST CENTURY: LONDON TO PARIS EVENING SALE SERIES ACHIEVES £153,592,611 / $212,572,174 / €178,321,022 - Christie's. Its account reports that christie’s has a physical presence in nearly 50 countries throughout the Americas, Europe, Middle East and Asia Pacific, with flagship international salerooms in London, New York, Hong Kong, Paris and Geneva, offering free, public pre-sale exhibitions of objects being offered.

Fine art

Christie’s Market Update: Fresh-to-market Picasso leads 20th/21st Century: London to Paris sale series

Christie’s

Christie’s documents the market development behind Fresh-to-market Picasso leads 20th/21st Century: London to Paris sale series. Its account reports that the series opened with the 20th/21st Century: London Evening Sale, which achieved £119,299,545 / €138,506,722, selling 88 per cent by lot and 97 per cent by value.

Fine art

Christie’s Market Update: RESULTS: 20 TH /21 ST CENTURY: LONDON TO PARIS EVENING SALE SERIES ACHIEVES £153,592,611 / $212,572,174 / €178,321,022

Christie’s

Christie’s documents the market development behind RESULTS: 20 TH /21 ST CENTURY: LONDON TO PARIS EVENING SALE SERIES ACHIEVES £153,592,611 / $212,572,174 / €178,321,022. Its account reports that lONDON TO PARIS EVENING SALE SEASON WAS LED BY PICASSO’S L’ÉTREINTE WHICH SOLD FOR £14,697,000 / €17,063,217 / $20,340,648.

Fine art

Christie’s Market Update: Hello, i'm Victor (FEWOCiOUS) and This Is My Life Totals $2.16 Million - Christie's

Christie’s

Christie’s documents the market development behind Hello, i'm Victor (FEWOCiOUS) and This Is My Life Totals $2.16 Million - Christie's. Its account reports that nEW YORK—Christie’s New York is pleased to report the results from its latest online auction of NFT artworks made by the celebrated and prolific 18 year-old transgender artist FEWOCiOUS, presented as part of Christie’s Pride program.

Fine art

Christie’s Market Update: TRIUMPH FOR THE MICHEL PÉRINET COLLECTION WHICH ACHIEVES €66m / £56.9m / $78.5mREALISING THE HIGHEST TOTAL FOR ANY AFRICAN & OCEANIC ART SALE AND BECOMING THE SECOND HIGHEST PRICE FOR A COLLECTION SOLD AT CHRIS - Christie's

Christie’s

Christie’s documents the market development behind TRIUMPH FOR THE MICHEL PÉRINET COLLECTION WHICH ACHIEVES €66m / £56.9m / $78.5mREALISING THE HIGHEST TOTAL FOR ANY AFRICAN & OCEANIC ART SALE AND BECOMING THE SECOND HIGHEST PRICE FOR A COLLECTION SOLD AT CHRIS - Christie's. Its account reports that paris – On 23 June 2021, Christie’s in association with leading art world specialists Alain de Monbrison, Lance Entwistle, Bernard Dulon and Maître François de Ricqlès, organised the sale of Michel Périnet’s collection of African, Oceanic and North American art, realising a total of €66,069,250…

Fine art

Eight Women Artists Gaining Auction-Market Attention

Christie’s

Christie’s specialists highlighted eight women artists with rising profiles, linking recent exhibitions and representation to notable auction debuts and prices ahead of upcoming sales.

Fine art

Sotheby’s Market Update: This Changed Everything: Sir Tim Berners-Lee to Auction the Source Code for the World Wide Web as an NFT | Press

Sotheby’s

Sotheby’s documents the market development behind This Changed Everything: Sir Tim Berners-Lee to Auction the Source Code for the World Wide Web as an NFT | Press. Its account reports that in 1989, British Computer Scientist Sir Tim Berners-Lee invented the World Wide Web in a moment that changed the world forever.

Fine art

Sotheby’s Market Update: Early Netherlandish Painting: Property from a Distinguished Spanish Private Collection

Sotheby’s

Sotheby’s documents the market development behind Early Netherlandish Painting: Property from a Distinguished Spanish Private Collection. Its account reports that t he term ‘early Netherlandish painting’ is used to describe the development of painting in the Burgundian and Habsburg Netherlands spanning the period from the career of Jan Van Eyck in the 1420s to the death of Gerard David in Bruges in 1523, effectively a mirror of the time when the Low…

Fine art

Christie’s Market Update: KEITH HARING'S UNTITLED (1984) WILL BE THE FIRST TANGIBLE ARTWORK TO BE OFFERED BY A MAJOR AUCTION HOUSE IN EUROPE AND THE AMERICAS WITH THE OPTION OF PAYING THE FINAL PURCHASE PRICE IN CRYPTOCURRENCY - Christie's

Christie’s

Christie’s documents the market development behind KEITH HARING'S UNTITLED (1984) WILL BE THE FIRST TANGIBLE ARTWORK TO BE OFFERED BY A MAJOR AUCTION HOUSE IN EUROPE AND THE AMERICAS WITH THE OPTION OF PAYING THE FINAL PURCHASE PRICE IN CRYPTOCURRENCY - Christie's. Its account reports that london – Christie’s will be the first major auction house in Europe and the Americas to offer a work with the option for the buyer to pay the final purchase price, including Buyer’s Premium, in cryptocurrency.

Fine art

Christie’s Market Update: The highest ever sale total for 20th and 21st Century art at Christie’s Asia

Christie’s

Christie’s documents the market development behind The highest ever sale total for 20th and 21st Century art at Christie’s Asia. Its account reports that this historic season for 20th and 21st Century Art in Asia was defined by the achievement of the highest ever sale total for the category in the region, and saw exceptional results realised for magnificent masterpieces by artists across different categories and geographies, and the setting of 26…

Fine art

Phillips in Association with Poly Auction 20th Century & Contemporary Art & Design Hong Kong-Beijing Dual-Location Sales Realise HK$702 Million/ US$90.4 Million

Phillips

Phillips’s preserved release documents Phillips in Association with Poly Auction 20th Century & Contemporary Art & Design Hong Kong-Beijing Dual-Location Sales Realise HK$702 Million/ US$90.4 Million and details the principal works, sale terms, or market results.

Fine art

Christie’s Market Update: PROOF OF SOVEREIGNTY Curated NFT Sale by Lady PheOnix Totals $1M - Christie's

Christie’s

Christie’s documents the market development behind PROOF OF SOVEREIGNTY Curated NFT Sale by Lady PheOnix Totals $1M - Christie's. Its account reports that christie’s continues to underpin its position at the forefront of the burgeoning NFT market following the close of an expertly curated online auction today, PROOF OF SOVEREIGNTY, presented in partnership with Lady PheOnix—one of the most respected voices in the new media landscape today.

Fine Art

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