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November 2021 fine-art market intelligence

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Fine art

Christopher Wool used to be the market’s most-wanted artist. Now, his auction sales have sunk by 85 percent

news.artnet.com

Christopher Wool used to be a top market favorite, with a Guggenheim show in 2013 and a record auction for Apocalypse Now (1988) at Christie’s, selling for $26.5 million. By 2016 sales fell by more than 50 percent and by the previous year total auction sales were around $17 million, down almost 85 percent from 2015, with a number of unsold lots.

Fine art

The former jailbird who cashed in on a new way to collect art

telegraph.co.uk

Frederick Hutson is featured in a piece about Art Money, with the article noting his background as a former jailbird and his current activity buying art. The piece discusses Art Money and its fintech approach to financing art purchases, including how it works and its user base. It mentions Hutson’s past, his invention Pigeonly, and his involvement with buying art and donating works to museums.

Fine art

Rare Constable sketch of Salisbury Cathedral to sell at Christie’s

artnews.com

John Constable, Salisbury Cathedral from the Bishop's Grounds, 1823 is an 1823 oil sketch. The work, titled The Vision (1823), is coming to Christie’s Old Masters sale in London with an estimate of £2 million–£3 million ($2.7 million–$4 million). The sketch is preparatory for a painting at the Huntington Library and Art Gallery in California, and derives from a 1820s Cathedral view commission by John Fisher, the Bishop of Salisbury.

Fine art

The Cox Collection and 20th Century Evening Sales achieve $751.9 million

press.christies.com

The article reports that The Cox Collection: The Story of Impressionism totaled $332,031,500 and, together with the 20th Century Evening Sale, realized USD $751,898,000. It notes the combined results with Christie’s 21st Century Evening Sale bringing Christie’s November marquee week total to USD $971,176,750, and provides bidder participation and regional distribution. It highlights three Vincent van Gogh works including Cabanes de bois parmi les oliviers, Jeune homme au bleuet, and Meules de blé, with corresponding prices of $71,350,000, $46,732,500, and $35,855,000 respectively, and mentions Paul Cézanne’s L’Es as another exceptional price.

Fine art

Four Van Goghs go for $161m in one evening in New York, double their Christie’s estimates

theartnewspaper.com

Vincent van Gogh paintings sold at Christie’s New York for a total of $161m, led by Wooden Cabins among the Olive Trees and Cypresses (October 1889) which brought $71.3m. The sale tripled the earlier mid-estimates and included works previously unseen at that level in the market; Labourer in a Field and a self-portrait also contributed to the total, highlighting rising interest in Van Gogh’s late French period.

Fine art

Caillebotte masterpiece goes to Getty and four auction records smashed at Christie’s New York sale of Edwin Cox’s Impressionist trove

theartnewspaper.com

Gustave Caillbotte's Jeune homme à sa fenétre (1876) sold for a record $46m at Christie’s New York. The Edwin Cox collection at Christie’s New York fetched $332m across 23 lots, with four records set including works by Gustave Loiseau and Hugh Henry Breckenridge. Monet’s Nympheas (fragment) (around 1912) sold for $5.2m ($6.2m with fees), Odillon Redon’s Grand bouquet de fleurs des champs (around 1900-1905) fetched $2.3m ($2.8m with fees), and Vincent van Gogh’s Cabanes de bois parmi les liviers et cyprès realized $71.3m with fees.

Fine art

Getty Museum acquires Gustave Caillebotte for $53 million

artnews.com

Gustave Caillebotte’s Jeune homme à sa fenêtre (Young Man at His Window, 1876) was sold at Christie’s in a sale of Impressionist art for $53 million, setting a new auction record for the artist. The work was part of a single-owner sale that included pieces by Vincent van Gogh and Edgar Degas and totaled $332 million.

Fine art

Christie’s New York marquee week exceeds $1.1 billion in art sales

press.christies.com

Christie’s New York marquee week total reached $1,109,415,750 across six live and one online auction. The event featured major works including Jean-Michel Basquiat’s The Guilt of Gold Teeth and Beeple’s HUMAN ONE, with top results in the 21st Century Evening Sale and The Cox Collection.

Fine art

Macklowe collection auction brings $676.1m, the highest sale total in Sotheby’s history

theartnewspaper.com

Galleries reported the Macklowe collection sale total hammer price of $588.7m and total take with fees of $676.1m, making it Sotheby’s most valuable sale in its 277-year history. The two top lots were Mark Rothko’s No. 7 (1951) and Alberto Giacometti’s Le Nez (1947), with Rothko achieving $82.4m with fees after an eight-minute bidding contest among Asian collectors.

Fine art

The Macklowe Collection delivers an eye-popping $676 million at Sotheby’s, making it the most valuable sale in company history

news.artnet.com

The Macklowe Collection sale generated $676.1 million at Sotheby’s, with works by Mark Rothko, Alberto Giacometti, and Jackson Pollock. The sale was ordered as part of the divorce between Harry Macklowe and Linda Macklowe, with 35 lots selling at auction and Sotheby’s claiming it as the most valuable sale in its history.

Fine art

Sotheby’s New York Modern Art Evening Sale brings in $282 million

artnews.com

The Sotheby’s New York Modern Art Evening Sale, following the Macklowe collection sale, brought in $282 million with fees and achieved a near-sell-through rate of 46 of 47 lots sold. Claude Monet’s Coin du bassin aux nymphéas (1918) led at $50.8 million and Frida Kahlo’s 1949 self-portrait sold for a record $34.9 million.

Fine art

New York Macklowe Collection sale sets record for a single-owner at Sotheby’s

sothebys.com

The Macklowe Collection press release reports a historic $676.1 million sale as the most valuable single-owner auction ever staged and the most valuable sale at Sotheby’s. It notes two works over $70 million (Mark Rothko, No. 7 at $82.5 million and Alberto Giacometti, Le Nez at $78.4 million), with multiple other high-value results and a total of 35 works.

Fine art

We had to give it our best shot inside the Getty’s record-setting Caillebotte acquisition

theartnewspaper.com

Gustave Caillebotte’s Young Man at His Window (1876) is acquired by the J. Paul Getty Museum for a record $53 million at Christie’s New York. The painting was part of Edwin L. Cox’s Impressionist collection and marks the Getty’s first Caillebotte and its link to the Impressionists’ second exhibition of 1876. Getty director Timothy Potts and Christie’s Vanessa Fusco comment on the significance and bidding intensity of the sale.

Fine art

Strong prices for female painters and young artists, but Francis Bacon's Pope sells to the guarantor, at Phillips's $137.9m auction in New York

theartnewspaper.com

Shara Hughes’s Inside Out (2018) leads Phillips’s 20th century and contemporary art evening sale with a record $1.2 million (with fees $1.4 million). Jadé Fadojutimi’s My umbrella has a nourishing disguise (2018) follows, achieving $700,000 ($877,000 with fees). Kwesi Botchway’s Green Sofa brings $170,000 ($214,200 with fees). Titus Kaphar’s Fade with Time (2013) sells for $650,000 ($816,500 with fees). Francis Bacon’s Pope is mentioned as being backed by a third-party guarantee in the sale.

Fine art

Auction record set for Frida Kahlo

sothebys.com

Frida Kahlo’s self-portrait Diego y yo sold for $34.9 million at Sotheby’s in New York, setting a new record for Kahlo and for a Latin American artwork. The sale contributed to a $959 million week of sales across multiple lots and included four auction records for Enrico Donati, Frida Kahlo, Pierre Soulages and a Picasso ceramic.

Fine art

Can an art market wild about young red-chip artists and NFTs still value blue-chip, white male masters? Answer: Yes, for now

theartnewspaper.com

The Art Newspaper reports on New York's gigafortnight sales of the Macklowe and Cox collections, noting continued value in blue-chip works by white male masters amid a market buoyed by billionaire wealth and NFT excitement; the Macklowe collection sale totaled $676 million with a top price of $82.5 million for a Mark Rothko painting.

Fine art

Christie’s Market Update: ["Christie’s Hong Kong Chinese Paintings Autumn AuctionsAchieved A Combined Total Of HK$601,977,500/ US$77,541,686 - Christie's", 'Christie’s Hong Kong Chinese Paintings Autumn AuctionsAchieved A Combined Total Of HK$601,977,500/ US$77,541,686']

Christie’s

Christie’s documents the market development behind ["Christie’s Hong Kong Chinese Paintings Autumn AuctionsAchieved A Combined Total Of HK$601,977,500/ US$77,541,686 - Christie's", 'Christie’s Hong Kong Chinese Paintings Autumn AuctionsAchieved A Combined Total Of HK$601,977,500/ US$77,541,686']. Its account reports that hong Kong – On 29 and 30 November, Christie’s Chinese Paintings held two live auctions – Fine Chinese Classical Paintings and Calligraphy, and Fine Chinese Modern and Contemporary Ink Paintings, achieving a combined total of HK$601,977,500/ US$77,541,686 and sell-through rates of 81% by lot and…

Fine art

Christie’s Market Update: ["Christie's Announces Collaboration with OpenSea - the World's Leading NFT Marketplace - Christie's", "Christie's Announces Collaboration with OpenSea - the World's Leading NFT Marketplace"]

Christie’s

Christie’s documents the market development behind ["Christie's Announces Collaboration with OpenSea - the World's Leading NFT Marketplace - Christie's", "Christie's Announces Collaboration with OpenSea - the World's Leading NFT Marketplace"]. Its account reports that nEW YORK – Global Auction House Christie’s announced today that it has launched a collaboration with leading NFT Marketplace OpenSea.

Fine art

Sotheby’s Market Update: The Macklowe Collection Highlights $1.3 Billion Week | Auction Results

Sotheby’s

Sotheby’s documents the market development behind The Macklowe Collection Highlights $1.3 Billion Week | Auction Results. Its account reports that h eadlined by The Macklowe Collection which itself brought $676 million, a packed week of Marquee Sales at Sotheby's New York has reached unprecedented heights, totaling $1.33 billion.

Fine art

Phillips Achieves Highest Total in Company History for 20th Century & Contemporary Art Evening and Day Sales, At $172.5 Million

Phillips

Phillips’s preserved release documents Phillips Achieves Highest Total in Company History for 20th Century & Contemporary Art Evening and Day Sales, At $172.5 Million and details the principal works, sale terms, or market results.

Fine art

Christie’s Market Update: ["CHRISTIE’S ANNOUNCES\xa0A STELLAR LINEUP OF INTERNATIONAL MASTERPIECES\xa0SPANNING ACROSS THE 20TH & 21ST CENTURIES - Christie's", 'CHRISTIE’S ANNOUNCES\xa0A STELLAR LINEUP OF INTERNATIONAL MASTERPIECES\xa0SPANNING ACROSS THE 20TH & 21ST CENTURIES']

Christie’s

Christie’s documents the market development behind ["CHRISTIE’S ANNOUNCES\xa0A STELLAR LINEUP OF INTERNATIONAL MASTERPIECES\xa0SPANNING ACROSS THE 20TH & 21ST CENTURIES - Christie's", 'CHRISTIE’S ANNOUNCES\xa0A STELLAR LINEUP OF INTERNATIONAL MASTERPIECES\xa0SPANNING ACROSS THE 20TH & 21ST CENTURIES']. Its account reports that christie’s regularly leads the auction world in market share across numerous categories, with record-breaking sales and a focus on great collections.

Fine Art

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