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October 2021 fine-art market intelligence

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Fine art

Peter Doig’s Swamped Will Highlight Christie’s 21st Century Evening Sale in New York

press.christies.com

Peter Doig’s 1990 Swamped is highlighted as a leading work in Christie’s 21st Century Art Evening Sale in New York during Marquee Week, with previous records noted and exhibitions planned in London and Los Angeles. The painting’s world auction records and notable exhibitions are discussed, including past sale in 2015 and current record projections.

Fine art

Banksy’s Girl with Balloon Diptych unveiled in London as a major highlight of Christie’s 20th/21st Century sale

press.christies.com

Banksy’s Girl with Balloon (Diptych) (2005) is unveiled in London and highlighted for Christie’s 20th/21st Century: Evening Sale Including Thinking Italian, London, 15 October 2021. The work is a two-canvas diptych with a boyish girl stencil and a red heart-shaped balloon, with an estimated price of £2,500,000–£3,500,000.

Fine art

U S Supreme Court to rule on owners of a Nazi looted Pissarro

artnews.com

The U S Supreme Court agreed to hear an appeal for the restitution of a Camille Pissarro painting looted by the Nazis in 1939. The work, Rue Saint-Honoré, Après-midi, Effet de Pluie, has been displayed at the Thyssen-Bornemisza Museum in Madrid, which argues it was acquired in good faith. The CA-based heirs of Lilly Cassirer claim rights to press restitution against the Spanish institution in U.S. court; the family originally sold the painting in 1939 and later received a $13,000 payment from the German state after it was looted.

Fine art

The results of Christie’s eclectic ‘postwar to present’ auction shows today’s buyers have a speculative eye and a nose for novelty

news.artnet.com

The article reports Christie’s Postwar to Present sale, which realized $34.4 million from more than 200 lots, with Curio Cards as a notable NFT group and top prices for Helen Frankenthaler and Philip Guston. It mentions blue-chip names like Guston, Kusama, Mickalene Thomas, and Allison Zuckerman, and notes buyers seek novelty and quick profit.

Fine art

Jean-Michel Basquiat’s Donut Revenge - Christie's

press.christies.com

Jean-Michel Basquiat’s Donut Revenge, a monumental 1982 painting, is highlighted by Christie's in a press release dated 7 October 2021 for the Hong Kong 1 December 20th/21st Century Art Evening Sale. The release references Basquiat’s 1982 market context, historical references to Caravaggio, Roy Lichtenstein, and Willem de Kooning, and describes the central figure with Basquiat’s distinctive style.

Fine art

The Stella Collection will be auctioned at Christie’s New York in November including an unseen Picasso masterpiece as a leading highlight of the 20th Century Art Evening Sale

press.christies.com

Pablo Picasso’s Femme accroupie en costume turc (Jacqueline), 1955 is highlighted as part of The Stella Collection to be offered at Christie’s New York in November with an estimate of $20 million to $30 million. The collection includes works by Picasso, Joan Miró, Marc Chagall, Henri Matisse, Georges Braque and Max Ernst, among others, acquired directly from artists or via noted galleries; the piece depicts Jacqueline Roque and is tied to Picasso’s Femme d’Alger series.

Fine art

A Basquiat painting could fetch more than $40 million at Christie’s in November

news.artnet.com

Jean-Michel Basquiat, The Guilt of Gold Teeth (1982) is up for sale at Christie’s New York in the 21st Century Evening Sale on November 9. The consignor bought it at Sotheby’s in 1998 for $387,500, with potential proceeds over $40 million. The painting’s central figure is Baron Samedi from Haitian Vodou.

Fine art

Museums working to correct the record are shaking up the pale, male canon of Old Master art, and changing the market in the process

news.artnet.com

The article discusses how museums are reexamining the Old Master canon to include artists of color and non-white subjects, accelerating a market shift. It cites Diego Velázquez and Juan de Pareja, noting the Met’s 1970 purchase of Pareja as a turning point, and highlights institutions like the Philbrook Museum of Art and the Flint Institute of Arts. It mentions the impact of Black Lives Matter and quotes dealer Robert Simon on the growing interest from collectors and museums.

Fine art

Banksy Brings Down the House at the Contemporary Art Evening Auction

sothebys.com

Banksy Brings Down the House at the Contemporary Art Evening Auction by Sotheby’s notes the record-breaking sale of Banksy Love is in the Bin (2018) for £18,582,000 at the Contemporary Art Evening Auction, with other works by Gerhard Richter, Lucian Freud, Cy Twombly, Alighiero Boetti, Bridget Riley, Yayoi Kusama, Avery Singer, Flora Yukhnovich, Hilary Pecis and Salman Toor.

Fine art

Banksy’s Love Is in the Bin sells for a record £18.6 million ($25.4 million) at Sotheby’s in London

news.artnet.com

The article discusses Banksy’s Love Is in the Bin (2018), which sold at Sotheby’s in London for £18.6 million ($25.4 million), a new record for the artist. It notes the work’s prior destruction moment from the Girl With Balloon shredder incident and mentions that the buyer was reported as a European woman, with a male bidder from Asia later confirmed as the successful purchaser.

Fine art

Stunning $30m Van Gogh watercolour resurfaces at Christie’s New York following complex behind-the-scenes deal

theartnewspaper.com

Martin Bailey discusses Vincent van Gogh's Wheatstacks (Meules de Blé), watercolour (June 1888), which is estimated to fetch $20m-$30m and will be sold at Christie’s in New York on 11 November; the sale follows a complex negotiation involving the descendants of two Jewish families from the Nazi era and the heirs of Edwin Cox.

Fine art

Berlin museum returns, then buys back Nazi looted Pissarro

digitaljournal.com

No author listed. The article reports that Berlin’s Alte Nationalgalerie returned and repurchased Camille Pissarro’s painting Une Place a la Roche-Guyon, looted by the Nazis from Armand Dorville’s collection. The museum did not disclose the purchase price. The artwork was acquired by Dorville in 1928 and was part of Parisian and German collections before restitution efforts continued post-World War II.

Fine art

Berlin museum restitutes and then buys back Nazi-looted Pissarro painting

theartnewspaper.com

Camille Pissarro, A Square in La Roche-Guyon (1867), was restituted by Berlin’s Alte Nationalgalerie and bought back after being looted from Armand Dorville's heirs in 1942. The painting will remain on display; the sale back to the museum followed Dorville’s heirs selling the remainder of his collection at a 1942 Nice auction overseen by the Vichy authorities.

Fine art

Berlin’s Alte Nationalgalerie returned a Nazi-looted Pissarro painting, and then bought it back

news.artnet.com

The article reports that the Alte Nationalgalerie in Berlin restituted Camille Pissarro's Une Place à la Roche-Guyon, an artwork once owned by Jewish lawyer Armand Dorville, and subsequently purchased it back for the museum. Dorville’s heirs facilitated the restitution and Dorville’s collection had included works by Delacroix, Manet, Bonnard, Renoir, and Pissarro.

Fine art

El Greco early masterpiece restituted to the heirs to the Julius & Camilla Priester Collection

press.christies.com

El Greco early masterpiece restituted to the heirs to the Julius & Camilla Priester Collection is highlighted as part of three Old Master paintings restituted and to be offered at Christie’s Old Masters Evening Sale on 7 December in London; the works include El Greco’s Portrait of a Gentleman (1570), a trompe l’oeil church interior by Emmanuel de Witte, and a portrait by the Master of Frankfurt, with estimates listed for each.

Fine art

Christie’s Market Update: ["Christie's Announces Beeple's\xa0HUMAN ONE:\xa0The Artist’s First-Ever Dynamic Physical Artwork + Video NFT - Christie's", "Christie's Announces Beeple's\xa0HUMAN ONE:\xa0The Artist’s First-Ever Dynamic Physical Artwork + Video NFT"]

Christie’s

Christie’s documents the market development behind ["Christie's Announces Beeple's\xa0HUMAN ONE:\xa0The Artist’s First-Ever Dynamic Physical Artwork + Video NFT - Christie's", "Christie's Announces Beeple's\xa0HUMAN ONE:\xa0The Artist’s First-Ever Dynamic Physical Artwork + Video NFT"]. Its account reports that new York – Beeple is back at Christie’s, materializing in the form of the unprecedented HUMAN ONE, the artist’s first ever physical work of art.

Fine art

Christie’s Market Update: ["Christie's Announces The Nile Rodgers Collection Sold to Benefit The We Are Family Foundation - Christie's", "Christie's Announces The Nile Rodgers Collection Sold to Benefit The We Are Family Foundation"]

Christie’s

Christie’s documents the market development behind ["Christie's Announces The Nile Rodgers Collection Sold to Benefit The We Are Family Foundation - Christie's", "Christie's Announces The Nile Rodgers Collection Sold to Benefit The We Are Family Foundation"]. Its account reports that all net auction proceeds will benefit We Are Family Foundation , a non-profit organization co-founded by Rodgers and Foundation President, Nancy Hunt, that promotes cultural diversity while nurturing and mentoring the vision, talents, and ideas of young people who are positively changing the world.

Fine art

Christie’s Market Update: ["20th / 21st Century: London and Paris Sales Realise a Combined Total of £139,341,024 / $190,959,204 / €164,180,079Market Confidence Reflected in Average Sell-through Rates of 90% by Lot and 92% by Value - Christie's", '20th / 21st Century: London and Paris Sales Realise a Combined Total of £139,341,024 / $190,959,204 / €164,180,079Market Confidence Reflected in Average Sell-through Rates of 90% by Lot and 92% by Value']

Christie’s

Christie’s documents the market development behind ["20th / 21st Century: London and Paris Sales Realise a Combined Total of £139,341,024 / $190,959,204 / €164,180,079Market Confidence Reflected in Average Sell-through Rates of 90% by Lot and 92% by Value - Christie's", '20th / 21st Century: London and Paris Sales Realise a Combined Total of £139,341,024 / $190,959,204 / €164,180,079Market Confidence Reflected in Average Sell-through Rates of 90% by Lot and 92% by Value']. Its account reports that - The combined total realised for the Day and Online Sales was £19,632,275 against a low estimate of £8,983,900.

Fine art

Christie’s Market Update: ["20th / 21st Century: Evening Sale Including Thinking Italian, London Realises a Total of\xa0£64,561,000 / $88,254,887 / €75,923,736Strong Sell-Through Rates of 90% by Lot and 92% by Value - Christie's", '20th / 21st Century: Evening Sale Including Thinking Italian, London Realises a Total of\xa0£64,561,000 / $88,254,887 / €75,923,736Strong Sell-Through Rates of 90% by Lot and 92% by Value']

Christie’s

Christie’s documents the market development behind ["20th / 21st Century: Evening Sale Including Thinking Italian, London Realises a Total of\xa0£64,561,000 / $88,254,887 / €75,923,736Strong Sell-Through Rates of 90% by Lot and 92% by Value - Christie's", '20th / 21st Century: Evening Sale Including Thinking Italian, London Realises a Total of\xa0£64,561,000 / $88,254,887 / €75,923,736Strong Sell-Through Rates of 90% by Lot and 92% by Value']. Its account reports that - FOLLOWING THE SUCCESSFUL FORMAT OF CHRISTIE’S INTERNATIONALLY FOCUSED EVENING SALES IN MARCH AND JUNE OF 2021, THINKING ITALIAN IS PRESENTED AS A KEY ELEMENT OF THE 20TH / 21ST CENTURY: EVENING SALE, LONDON.

Fine art

Sotheby’s Market Update: An Artist's Perspective: Property from the Collection of Anish Kapoor | Contemporary Art

Sotheby’s

Sotheby’s documents the market development behind An Artist's Perspective: Property from the Collection of Anish Kapoor | Contemporary Art. Its account reports that s otheby’s is delighted to offer a superb selection of works from the collection of one of the most important artists of our time, Anish Kapoor.

Fine art

Phillips Announces Kano Curates

Phillips

Phillips’s preserved release documents Phillips Announces Kano Curates and details the principal works, sale terms, or market results.

Fine Art

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