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July 2023 fine-art market intelligence

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Fine art

Women artists lead Singapore modern and contemporary art auction

sothebys.com

Georgette Chen’s Lychees and Peaches, a still life from the 1940s, led Sotheby’s Singapore Modern & Contemporary Art sale with SG$2 million (US$1.5 million). The auction realized SG$15.1 million (US$11.1 million) with a 93% sell-through rate across 56 lots, and works by women artists drew strong bidding, reflecting a rising market trend highlighted by Sotheby’s insights.

Fine art

Gustav Klimt’s Lady with a Fan sets new European auction record at Sotheby’s

salonprivemag.com

Gustav Klimt’s Dame mit Fächer (Lady with a Fan) sold at Sotheby’s in London for £85.3 million / $108.4 million, a European auction record for Klimt. Patti Wong represented a Hong Kong collector in the bidding, which lasted about ten minutes, surpassing previous records for Klimt and related portraits.

Fine art

Who bought the mysterious Klimt at Sotheby’s? An equally enigmatic Hong Kong power broker, some believe

news.artnet.com

Gustav Klimt’s Dame mit Fächer (Lady with a Fan) sold for $108.4 million at Sotheby’s, setting an auction record for Klimt. The painting’s buyer remains undisclosed, with the article noting that the track has gone cold and suggesting the buyer may be connected to a Hong Kong power broker, according to market chatter. The piece also references Sotheby’s handling of the sale and contextualizes it within a cautious art-market climate.

Fine art

The Jackson Pollock Studio’s first NFT collection sold out in mere hours, raking in more than $450,000

news.artnet.com

The article discusses the Jackson Pollock Studio’s NFT collection titled Beyond the Edge, released in partnership with Iconic. Four NFTs in editions of 100 (plus a 25-edition set of all four) were priced at 0.8 ETH ($1,500) each and sold within hours, totaling over $450,000. The sale included phygital pairs with hand-numbered prints, and buyers spanned 25 countries, including NFT collector Pranksy who purchased all four NFTs.

Fine art

The Back Room: The Klimt Connection

usaartnews.com

The Back Room: The Klimt Connection discusses the market dynamics around Gustav Klimt, focusing on his work Dame mit Fächer (Lady with a Fan) sold at Sotheby’s London for £85.3 million ($108.4 million), and the broader implications for the European and Asia Pacific art markets.

Fine art

Christie’s Market Update: ["London, Live and Online Realised a Combined Total of £87,173,345 / $110,958,445 / €101,787,207 - Christie's", 'London, Live and Online\nRealised a Combined Total of\n£87,173,345 / $110,958,445 / €101,787,207']

Christie’s

Christie’s documents the market development behind ["London, Live and Online Realised a Combined Total of £87,173,345 / $110,958,445 / €101,787,207 - Christie's", 'London, Live and Online\nRealised a Combined Total of\n£87,173,345 / $110,958,445 / €101,787,207']. Its account reports that london – Christie’s summer edit of Classic Week in London realised a combined total of £87,173,345 / $110,958,445 / €101,787,207, which is a 27% increase in £ and a 35% increase in $ on the total for the equivalent sales series in 2022.

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