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October 2022 fine-art market intelligence

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Category: Fine art

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Fine art

Paris court dismisses bribery charges brought against Marlborough Gallery, French curator and artist’s family

theartnewspaper.com

The Paris court acquitted Marlborough Gallery and its representatives, a retired Musée Guimet curator, and the family of Chu Teh-Chun of all bribery charges from a ten-year-old case. The charges related to alleged favours in exchange for organizing a Chu Teh-Chun exhibition at Musée Guimet, with a €20,000 payment cited for a text and related travel expenses; the court found no link to the Guimet show and dismissed the charges.

Fine art

Willem de Kooning's stolen painting back on display after 37 years

kgun9.com

Willem de Kooning's painting Woman-Ochre returns to the University of Arizona Museum of Art after 37 years, with the restoration and display opening to the public on October 8. The work was stolen in 1985 and resurfaced in an estate sale in 2017 before being returned to Arizona.

Fine art

Millennial buyers and online bidding drive Sotheby’s Hong Kong art sales to a respectable $151.3 million

news.artnet.com

Gerhard Richter’s Abstraktes Bild (1990) led Sotheby’s Hong Kong autumn sales, selling for over HK$200 million. Sanyu’s Branches (1963) and Picasso’s Femme assise à la galette des rois followed, with other notable mentions including Louise Bonnet and Emily Mae Smith; prices reported in HK dollars and USD. The two-day modern and contemporary sales totaled HK$1.19 billion ($151.3 million), with separate category totals for modern and contemporary.

Fine art

What a major museum show of Lucian Freud reveals about his market

usaartnews.com

Lucian Freud is discussed in relation to a National Gallery exhibition, with notes on works not included from the collection and the market implications of pieces like Large Interior W11 (after Watteau). The article references Christie’s London Frieze Week preview, a potential $75 million record estimate, and past sales such as Benefits Supervisor Sleeping (1995) sold for $33.6 million to Roman Abramovich, plus historical auction data for Freud’s works.

Fine art

Christie’s 20th and 21st century evening sale in London nets £72.5 million without fireworks

usaartnews.com

Christie’s 20th/21st Century Evening Sale in London netted £72.5 million, exceeding its pre-sale estimate range of £40.5 million to £55.8 million. The top lot was a David Hockney painting, with the sale also noting withdrawals of Urs Fischer, Peter Doig, and a KAWS sculpture; the event was hybrid in-person and online.

Fine art

David Hockney, Lynette Yiadom-Boakye and Beauford Delaney lead Christie’s 20th/21st Century Frieze Week season in London

christies.com

David Hockney's Early Morning, Sainte-Maxime (1968-69) led Christie’s 20th/21st Century London Evening Sale, selling for £20,899,500. Tracey Emin’s Like A Cloud of Blood (2022) was also highlighted and supported a charitable project by Emin. The report covers Christie’s London Evening Sale totals (£72,533,850 / $80,294,972 / €82,616,055) and notes the Frieze Week context in London.

Fine art

French Decorative Art From the Storied Hôtel Lambert Brings in $74 Million Across a Marathon Series of Sales at Sotheby’s

usaartnews.com

France-based decorative art from the storied Hôtel Lambert in Paris, among its five live auctions and one online sale, has totaled $74 million in Sotheby’s Paris sales, surpassing initial estimates of $48.75 million. The Hôtel Lambert, originally built in the 1640s on Île Saint-Louis, was once owned by Jean-Baptiste Lambert and later by notable figures such as the Marquise du Châtelet, Coco Chanel, Delacroix, Chopin and Balzac; recent ownership changes include Guy and Marie-Hélène de Rothschild, Sheikh Hamad bin Abdullah Al Thani, and Xavier Ni.

Fine art

Christie’s dynamic 20th / 21st century London evening sale and a place with no name: works from the Sina Jina Collection deliver sale total of

press.christies.com

The press release reports that Christie’s achieved a total of £75,494,334 / $83,572,228 / €85,988,046 for the dynamic 20th / 21st century London Evening Sale and a Place with No Name: Works from the Sina Jina Collection. David Hockney’s Early Morning, Saint-Maxime led the sale at £20,899,500 / $23,135,747 / €23,804,531, while Gerhard Richter’s Wolkenstudie (grün-blau) sold for £11,167,000 / $12,361,869 / €12,719,213 and Francis Bacon’s Painting, 1990 realized £7,102,250 / $7,862,191 / €8,089,463. The Sina Jina Collection pieces contributed to a separate philanthropy-related sale total of £2,960,484 / $3,277,256 / €3,371, and the overall London Evening Sale achieved a 100% sell-through rate by lot and by value.

Fine art

Museums and private collectors compete for Getty heir's 79 million collection at Christie's

usaartnews.com

The article reports on Christie's evening sale of the Ann and Gordon Getty collection, which brought in $79.4 million from 58 lots with no guarantees. The top lot was Mary Cassatt’s work selling for $7.5 million, and the sale featured a mix of Old Masters, Chinese ceramics, and Impressionist and modern masterpieces, with active bidding by in-person, phone, and online bidders.

Fine art

Nazis stole two paintings from a Jewish cabaret star. Now his heirs are selling them

smithsonianmag.com

Egon Schiele drawings Woman in a Black Pinafore (1911) and Woman Hiding Her Face (1912) were restitutioned to Timothy Reif and David Frankel, heirs of Fritz Grünbaum. The pieces are to be sold at Christie’s, valued between $500,000–$800,000 and $1.5–$2 million respectively, with proceeds supporting the Grünbaum Fischer Foundation for underrepresented performing artists.

Fine art

A Jewish cabaret artist’s Egon Schiele paintings, stolen by the Nazis, will be auctioned for charity

jta.org

The Jewish Telegraphic Agency reports that two Egon Schiele paintings once owned by Austrian Jewish cabaret performer Fritz Grünbaum will be auctioned at Christie’s, with proceeds supporting underrepresented young performing artists. Grünbaum’s family fought for years to recover the works after Nazi theft; the pieces are expected to fetch up to $2.8 million together.

Fine art

The Ann and Gordon Getty Collection volume 1 totaled 79,408,900

salonprivemag.com

Christie’s Evening Sale of The Ann & Gordon Getty Collection: Volume 1 totaled 79,408,900 with 100% of lots sold. Notable top lot was Mary Cassatt’s Young Lady in a Loge Gazing to Right, sold for 7,489,000 to the Pola Museum of Art; other records included Jacques-Émile Blanche’s Vaslav Nijinsky in Danse Siamoise at 2,700,000 and Jules Bastien-Lepage’s Portrait de Sarah Bernhardt at 2,280,000.

Fine art

Christie’s Ann and Gordon Getty Auction Surpasses $150 Million

galeriemagazine.com

Jacques-Émile Blanche’s Vaslav Nijinsky in ‘Danse Siamoise’ sold for $2,700,000 from an estimate of $1,000,000 to $1,500,000 in Christie’s The Ann & Gordon Getty Collection: Volume 1 | Important Pictures and Decorative Arts, Evening Sale. Mary Cassatt’s Young Lady in a Loge Gazing to Right realized $7,4 million, a new record for the artist, in the October 20 Volume I sale which drew two million online viewers and sold all 60 lots for a total of $79.4 million. A George III mahogany china cabinet and a pair of Chinese cloisonné enamel censers also achieved significant totals.

Fine art

Christie’s Market Update: ["CHRISTIE’S IS THRILLED TO FURTHER UNVEIL IN SINGAPORE - Christie's", 'CHRISTIE’S IS THRILLED TO FURTHER UNVEIL IN SINGAPORE']

Christie’s

Christie’s documents the market development behind ["CHRISTIE’S IS THRILLED TO FURTHER UNVEIL IN SINGAPORE - Christie's", 'CHRISTIE’S IS THRILLED TO FURTHER UNVEIL IN SINGAPORE']. Its account reports that singapore – Following the announcement of the array of exceptional art and luxury that will be displayed at Christie’s global autumn auction highlights preview in Singapore, Christie’s is excited to further unveil an historic and diverse line-up of over 70 works of art by iconic 20th and 21st…

Fine art

Christie’s Market Update: ["The Ann & Gordon Getty Collection: Volume 1 | Important Pictures and Decorative ArtsEVENING SALE TOTAL: $79,408,900 100% SOLD - Christie's", 'The Ann & Gordon Getty Collection: Volume 1 | Important Pictures and Decorative ArtsEVENING SALE TOTAL: $79,408,900 100% SOLD']

Christie’s

Christie’s documents the market development behind ["The Ann & Gordon Getty Collection: Volume 1 | Important Pictures and Decorative ArtsEVENING SALE TOTAL: $79,408,900 100% SOLD - Christie's", 'The Ann & Gordon Getty Collection: Volume 1 | Important Pictures and Decorative ArtsEVENING SALE TOTAL: $79,408,900 100% SOLD']. Its account reports that new York – October 20, The Ann & Gordon Getty Collection: Volume 1 \| Important Pictures and Decorative Arts, Evening Sale attracted lively bidding from around the globe, making $79,408,900 with 100% of the lots sold and realizing 128% hammer above low estimate.

Fine art

Christie’s Market Update: ["AVANT-GARDE(S) INCLUDING THINKING ITALIAN Réalise un total de 66,7 M € / 65,3 M $ / 58,3 M £ - Christie's", 'AVANT-GARDE(S) INCLUDING THINKING ITALIAN Réalise un total de 66,7 M € / 65,3 M $ / 58,3 M £']

Christie’s

Christie’s documents the market development behind ["AVANT-GARDE(S) INCLUDING THINKING ITALIAN Réalise un total de 66,7 M € / 65,3 M $ / 58,3 M £ - Christie's", 'AVANT-GARDE(S) INCLUDING THINKING ITALIAN Réalise un total de 66,7 M € / 65,3 M $ / 58,3 M £']. Its account reports that paris – Le 20 octobre 2022, avec 51 œuvres proposées pour cette édition 2022 de la vente Avantgarde(s) including Thinking Italian, Christie’s a obtenu le meilleur résultat de son histoire pour une vente d’art du XXe siècle à Paris.

Fine art

Christie’s Market Update: ["CHRISTIE’S IS THRILLED TO ANNOUNCE - Christie's", 'CHRISTIE’S IS THRILLED TO ANNOUNCE']

Christie’s

Christie’s documents the market development behind ["CHRISTIE’S IS THRILLED TO ANNOUNCE - Christie's", 'CHRISTIE’S IS THRILLED TO ANNOUNCE']. Its account reports that singapore – Christie’s is thrilled to share a superb and diverse array of masterpieces and exquisite luxury items worth over US$156M/HK$1.2B that will be displayed in an unprecedented, global autumn auction highlights preview in Singapore this month.

Fine art

Sotheby’s Market Update: A World Auction Record & Two Works Soar above HK$100 Million at Sotheby’s Hong Kong Chinese Works of Art SalesThe Two-Day Sale Series Achieved a Grand Total of HK$918 Million | Press Release

Sotheby’s

Sotheby’s documents the market development behind A World Auction Record & Two Works Soar above HK$100 Million at Sotheby’s Hong Kong Chinese Works of Art SalesThe Two-Day Sale Series Achieved a Grand Total of HK$918 Million | Press Release. Its account reports that spirits were high this weekend (8 & 9 Oct) at the Hong Kong Convention and Exhibition Centre as Sotheby’s Hong Kong hosted its Chinese Works of Art sale series which attracted a full crowd in the auction room.

Fine Art

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