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May 2022 fine-art market intelligence

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Fine art

Zhang Daqian’s Mesmerising Landscape Landscape after Wang Ximeng achieves a new world record at auction of HK$370 million / US$47 million

sothebys.com

Zhang Daqian’s Landscape after Wang Ximeng, a blue-green ink landscape on silk (Landscape after Wang Ximeng), sold for HK$370,495,000 / US$47,215,883, setting a world record for the artist and becoming the most valuable Chinese painting sold by Sotheby’s Asia. The sale occurred at Sotheby’s Hong Kong Fine Chinese Paintings Spring Sale on May 3, 2022, with over 50 bids in an 18-minute battle and strong market leadership for Zhang Daqian.

Fine art

Would-be buyer the Kimbell Art Museum in Texas reacts to Louvre's seizure of €24.4m Chardin painting

euronews.com

The article reports that the would-be buyer of Jean Siméon Chardin's Basket of Wild Strawberries, a painting sold for €24.4m at Artcurial in Paris, reacts after the Louvre moved to block the sale and classify the work as a national treasure. The Louvre plans to acquire the piece with state funding and sponsorship, while the Kimbell Art Museum in Fort Worth, Texas, is revealed as the buyer who is awaiting a timeless Chardin painting.

Fine art

Warhol portrait of Marilyn Monroe sells for $195 million at auction

artnews.com

The article reports Andy Warhol’s 1964 silkscreen portrait Shot Sage Blue Marilyn (1964) sold at Christie’s New York for $195 million (including fees), making it the most expensive work by a 20th-century artist at auction. The painting, derived from Monroe’s 1953 Niagara photo and part of Warhol’s Shot Marilyn series, was purchased by art dealer Larry Gagosian for $195 million after bidding.

Fine art

The wild history of the Warhol Marilyn that’s set to fetch $200 million

vietartview.com.vn

The article discusses Warhol’s Shot Sage Blue Marilyn, which Christie’s in New York is set to auction on May 9 and is predicted to fetch around $200 million. It mentions other blue-chip works and collectors, including a $110 million Basquiat sale to Yusaku Maezawa and the Salvator Mundi purchase by Mohammed bin Salman, to illustrate the current market for top-tier art.

Fine art

The Collection of Anne H. Bass and Christie's 20th Century Evening Sales Total $843.7 million

press.christies.com

The page reports that Christie’s Spring 2022 Marquee Week concluded with three auctions: The Collection of Anne H. Bass, The 20th Century Evening Sale, and The Raptor, totaling $843.7 million. The Bass collection achieved $363.1 million, with Degas’s Petite danseuse de quatorze ans and Monet’s Parlement highlighted by records; the 20th Century Evening Sale brought in $468.2 million, and The Raptor sold for $12.4 million, contributing to a week total of $1.26 billion.

Fine art

Christie’s 20th century evening sales in New York total $831.3m and set a new record for Ernie Barnes

theartnewspaper.com

Christie’s 20th century evening sales in New York totaled $831.3 million, with Warner corporate comments and a record for Ernie Barnes. The piece mentions the overall hammer total of $715 million for 53 lots sold, rising to $831.3 million with fees, and highlights Ernie Barnes’s The Sugar Shack and Degas and Monet works within the Bass collection.

Fine art

20th/21st Century sale week exceeds billion-dollar mark anchored by the historic sale of Warhol’s Marilyn

christies.com

The Christie’s week in New York featured Warhol’s Shot Sage Blue Marilyn which sold for $195,040,000, the most expensive 20th-century artwork sold at auction. The week’s combined sales reached over $1.26 billion, with a weekly total of $1,443,870,244 and 3.7 million viewers worldwide.

Fine art

20th/21st Century sale week exceeds billion-dollar mark, anchored by the historic sale of Warhol’s Marilyn

christies.com

The Christie’s sale week in New York included the landmark sale of Andy Warhol’s Shot Sage Blue Marilyn for $195,040,000, the most expensive 20th-century artwork sold at auction. The evening sales across 20th/21st Century Art, including the Collection of Anne H. Bass and multiple other sessions, produced a combined total of $1,264,544,690 and a grand weekly total of $1,443,870,244.

Fine art

Ernie Barnes steals spotlight at Christie's $831 million evening sales

artnews.com

Ernie Barnes’s painting was highlighted at Christie’s May evening sales, part of a two-sale night totaling $831 million with buyer’s fees. The Bass collection sale included works by Edgar Degas, Claude Monet, and Mark Rothko, which together brought in $363 million and all lots sold; the 20th-century sale saw records for Emmanuel Leutze, Howardena Pindell, Grace Hartigan, and Blinky Palermo, with an Ernie Barnes painting drawing notable attention.

Fine art

At 922 million, the Macklowe Collection becomes the most valuable ever sold at auction

sothebys.com

The Macklowe Collection, a group of 65 masterworks, was sold over two white-glove sales on 15 November 2021 and 16 May 2022, totaling 922.2 million USD. Highlights included Rothko, Giacometti, Pollock, Twombly in November 2021 and Rothko, Richter, Warhol, de Kooning in May 2022.

Fine art

Macklowe trove becomes most valuable collection ever sold at auction after second Sotheby's sale tallies $246.1m

theartnewspaper.com

The article reports that the Macklowe collection's second Sotheby’s sale in New York on May 16, 2022 brought in $246.1 million with fees, adding to the $676.1 million from the first sale in November 2021 for a total of $922.2 million. With fees, the Macklowe collection becomes the most valuable ever sold at auction, surpassing Peggy and David Rockefeller’s estate sales. The auction included works such as Gerhard Richter, Seestück (Seascape), 1975.

Fine art

Sotheby’s modern art sale in New York brings in $408.5 million powered by Monet and Picasso

news.artnet.com

The Sotheby’s Modern art evening sale in New York on May 17, 2022, drew $408.5 million, driven by blue-chip Monet and Picasso works. Notable lots included Claude Monet’s Le Grand Canal et Santa Maria della Salute (1908), which sold for $56.6 million with premium, and Monet’s Les Arceaux de roses, Giverny (1913) at $23.3 million with premium; other major artists featured included Philip Guston, Barnett Newman, and Tamara de Lempicka.

Fine art

86 million Basquiat returns to help Phillips evening sale reach record 226 million

artnews.com

Jean-Michel Basquiat's 1982 painting Untitled (Devil) was highlighted in Phillips' evening sale, which totaled 226 million and marked the company's historic high. The sale included works by Pablo Picasso and Cecily Brown among 36 offerings, with 9 lots backed by guarantees and all lots sold after a two-hour bidding led by Henry Highley.

Fine art

Phillips’s $225 million evening sale marks its biggest-ever night, led by an astounding Basquiat

news.artnet.com

Jean-Michel Basquiat, Untitled (1982) is highlighted as part of Phillips’s $225 million 20th Century & Contemporary Art Evening Sale, led by Basquiat and including works by Anna Weyant, María Berrío, Shara Hughes, and Calder, with notable results such as Weyant’s Buffet II selling for $730,800 and Berrío’s Burrow of the Yellow selling for $998,000; Calder’s 39=50 sold for $15.6 million.

Fine art

Phillips achieves a record $225 million in New York, led by Basquiat’s sale of $85 million

theartnewspaper.com

The Art Newspaper reports that Phillips achieved a record $225 million (with fees) at its 20th Century and Contemporary Evening sale in New York, with 14 women artists among 31 lots. Yayoi Kusama’s Untitled (Nets) (1959) sold for $8.8 million (and $10.5 million with fees) setting a new world auction record for Kusama, while Jean-Michel Basquiat’s Untitled (1982) was the headlining work, with the artist represented by a 16-foot monumental canvas consigned by Yusaku Maezawa and aided by a third-party guarantor.

Fine art

Christie’s Market Update: ["CHRISTIE’S TO OFFER MONET’S ATMOSPHERIC LONDON SERIES MASTERPIECE\xa0Waterloo Bridge, effet de brume\xa0 - Christie's", 'CHRISTIE’S TO OFFER MONET’S ATMOSPHERIC LONDON SERIES MASTERPIECE\xa0Waterloo Bridge, effet de brume\xa0']

Christie’s

Christie’s documents the market development behind ["CHRISTIE’S TO OFFER MONET’S ATMOSPHERIC LONDON SERIES MASTERPIECE\xa0Waterloo Bridge, effet de brume\xa0 - Christie's", 'CHRISTIE’S TO OFFER MONET’S ATMOSPHERIC LONDON SERIES MASTERPIECE\xa0Waterloo Bridge, effet de brume\xa0']. Its account reports that lONDON AND PARIS – Claude Monet’s Waterloo Bridge, effet de brume will be a highlight of Christie’s 20/21 London to Paris sale series, offered in the 20th / 21st Century: London Evening Sale on 28 June.

Fine art

Christie’s Market Update: ["Christie’s to Offer Yves Klein’s Anthropométrie De L’époque Bleue, (Ant 124) at Auction for the First Time 20th / 21st Century: London Evening Sale - Christie's", 'Christie’s to Offer Yves Klein’s Anthropométrie De L’époque Bleue, (Ant 124) at Auction for the First Time 20th / 21st Century: London Evening Sale']

Christie’s

Christie’s documents the market development behind ["Christie’s to Offer Yves Klein’s Anthropométrie De L’époque Bleue, (Ant 124) at Auction for the First Time 20th / 21st Century: London Evening Sale - Christie's", 'Christie’s to Offer Yves Klein’s Anthropométrie De L’époque Bleue, (Ant 124) at Auction for the First Time 20th / 21st Century: London Evening Sale']. Its account reports that - Anthropométrie de l’époque bleue, (ANT 124) , whichoccupies unique territory in Yves Klein’s practice, is offered to the market for the first time and will be a leading highlight of Christie’s 20th / 21st Century: London Evening Sale on 28 June 2022.

Fine art

Phillips Hosts Most Successful Auction in Company History

Phillips

Phillips’s preserved release documents Phillips Hosts Most Successful Auction in Company History and details the principal works, sale terms, or market results.

Fine art

Christie’s Market Update: ["Christie’s to Launch 20/21 London to Paris Sale Series With Marc Chagall, Colour of Life: Works Formerly From the Artist’s Estate - Christie's", 'Christie’s to Launch 20/21 London to Paris Sale Series With Marc Chagall, Colour of Life: Works Formerly From the Artist’s Estate']

Christie’s

Christie’s documents the market development behind ["Christie’s to Launch 20/21 London to Paris Sale Series With Marc Chagall, Colour of Life: Works Formerly From the Artist’s Estate - Christie's", 'Christie’s to Launch 20/21 London to Paris Sale Series With Marc Chagall, Colour of Life: Works Formerly From the Artist’s Estate']. Its account reports that lONDON AND PARIS – ‘ Marc Chagall, Colour of Life: Works Formerly from the Artist’s Estate’ will launch Christie’s June 20/21 London to Paris sale series.

Fine art

Christie’s Market Update: ["Warhol's Marilyn Sells for $195 Million\xa0 - Christie's", "Warhol's Marilyn Sells for $195 Million\xa0"]

Christie’s

Christie’s documents the market development behind ["Warhol's Marilyn Sells for $195 Million\xa0 - Christie's", "Warhol's Marilyn Sells for $195 Million\xa0"]. Its account reports that nEW YORK – Monday, May 9, 2022 Christie’s Spring Marquee Week of sales began with the momentous sale of Shot Sage Blue Marilyn by Andy Warhol , selling for $195 million, establishing it as the most expensive 20th century artwork to sell at auction.

Fine art

Christie’s Market Update: ["Christie's Announces The Ann & Gordon Getty Collection\xa0 - Christie's", "Christie's Announces The Ann & Gordon Getty Collection\xa0"]

Christie’s

Christie’s documents the market development behind ["Christie's Announces The Ann & Gordon Getty Collection\xa0 - Christie's", "Christie's Announces The Ann & Gordon Getty Collection\xa0"]. Its account reports that ne w York – The legendary Ann & Gordon Getty Collection will be sold at Christie’s through a series of landmark auctions beginning October 2022.

Fine Art

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