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September 2024 fine-art market intelligence

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Category: Fine art

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Fine art

$1.5 million Yoo Youngkuk painting leads Frieze Seoul 2024 opening day sales

artsy.net

The article reports a $1.5 million Yoo Youngkuk painting from PKM Gallery leading Frieze Seoul 2024 opening day sales. It also details several other notable sales from Hauser & Wirth, Pace Gallery, and Thaddaeus Ropac, including a €1 million ($1.1 million) Georg Baselitz painting and multiple works by Martha Jungwirth, Lee Kang-so, David Salle, Heemin Chung, Tom Sachs, Avery Singer, Henry Taylor, Nicolas Party, Angel Otero, Anj Smith, Catherine Goodman, and Ambera Wellmann.

Fine art

Bucolic Van Gogh riverscape with royal connections set to become the artist’s most expensive Paris work

theartnewspaper.com

Bucolic Van Gogh riverscape with royal connections set to become the artist’s most expensive Paris work is reported on The Art Newspaper Adventures with Van Gogh blog. The piece discusses Christie’s auction of Van Gogh’s Moored Boats (Les canots amarrés) from a royal Bourbon-Two Sicilies collection in Hong Kong, with an estimated HK$230m-380m (US$30m-50m) and a guarantee.

Fine art

Artemisia Gentileschi painting Penitent Mary Magdalene goes on view at Kimbell for the first time in centuries

artnews.com

Artemisia Gentileschi, Penitent Mary Magdalene (1625–26) is now on view at the Kimbell Art Museum in Fort Worth after being acquired from private collectors. The work, dating to 1625–26, centers a female biblical figure and has a history involving ownership by Fernando Enríquez Afán de Ribera and various sales before its recent acquisition.

Fine art

For the first public exhibition in 400 years, Artemisia Gentileschi painting opens at Kimbell

art-insider.com

Artemisia Gentileschi is the artist of Penitent Mary Magdalene (1625-26), now publicly exhibited for the first time in over four centuries at the Kimbell Art Museum in Texas. The painting was formerly in Seville, resurfaced in 2001 via auction, and was later sold by Adam Williams Fine Art to the Kimbell; Eric Lee, the museum's director, commented on the acquisition. The museum did not disclose the purchase price.

Fine art

Frieze Seoul 2024 concludes with strong sales

fadmagazine.com

Frieze Seoul 2024 concluded with strong sales and drew a diverse international audience from Asia, Europe, and the United States. The fair ran alongside Kiaf SEOUL and featured top global galleries under the Galleries Association of Korea.

Fine art

Long-Lost Artemisia Gentileschi masterwork goes on view after centuries of obscurity

news.artnet.com

Artemisia Gentileschi, Penitent Mary Magdalene (ca. 1625–26), from the Kimbell Art Museum collection in Fort Worth, Texas, goes on view after centuries of obscurity. The painting was associated with Fernando Enríquez Afán de Ribera and is linked to Gentileschi’s other works such as Judith and Her Maidservant with the Head of Holofernes (ca. 1623–25) in the Detroit Institute of Arts.

Fine art

A Van Gogh painting with royal ties could fetch $50 million at Christie’s Hong Kong

news.artnet.com

Vincent van Gogh’s Les canots amarrés (1887) from the Royal Family of Bourbon-Two Sicilies will be auctioned at Christie’s Hong Kong, with an estimated HK$230 million to HK$380 million ($30 million to $50 million). The sale marks Christie’s Asia headquarters opening and could set a new Asia auction record for Van Gogh. The article notes current regional records for Western art and mentions other works and artists in the sale.

Fine art

Nazi looted art: current developments

shapingeurope.eu

Nazi-looted art: current developments concerns restitution of looted works from World War II, noting estimates of unrecovered artworks and ongoing restitution lawsuits. The article provides historical context on how art was looted under the Nazi regime and mentions the Einsatzstab Reichsleiter Rosenberg and broad figures related to looted art collections.

Fine art

California law may ease the way for works stolen by Nazis to be restituted

artnews.com

The article discusses California Governor Gavin Newsom signing a law that could advance restitution for a 1897 Camille Pissarro painting, Rue Saint-Honoré in the Afternoon, Effect of Rain, once sold under duress by Lilly Cassirer Neubauer to a Nazi appraiser. The painting, once worth a few hundred dollars, is valued today in the tens of millions, and the case involves Neubauer’s heir David Cassirer and the Museo Thyssen-Bornemisza in Madrid amid a broader legal question of when California law should apply versus foreign laws.

Fine art

Handbags Online: The September Edition achieves nearly $2 million

press.christies.com

Christie’s New York announced the results of its inaugural Handbags Online: The September Edition sale, which totaled $1,931,202. The auction was 99% sold by lot and 100% by value, with a world auction record set for a Louis Vuitton x Yayoi Kusama Rare, Limited Edition Yellow & Black Monogram Leather Pumpkin Bag with Silver Hardware at $151,200. Top lots included a Rare Matte White Himalaya Niloticus Crocodile Retourné Kelly 25 at $163,800, a Rare Matte White Himalaya Niloticus Crocodile Birkin 25 at $119,700, a Limited Edition Red & White Monogram Courrier 90 Trunk by Supreme at $81,900, and a Rare Shiny Ombré Salvator Lizard Birkin 25 at $63,000.

Fine art

Joan Mitchell work with exceptional provenance estimated €3.2 million to €5 million announced by Christie’s

press.christies.com

Joan Mitchell, Untitled, ca. 1960, oil on canvas, 95 x 90.6 cm, is highlighted in a Christie’s press release with an estimate of €3.2 million to €5 million. The sale is part of Avant-Garde(s) including Thinking Italian at Art Basel Paris on 18 October, and the work comes from the collection of Jacques Dubourg.

Fine art

The Best-Seller List experts analyze the trophy lots across six categories

news.artnet.com

Adrien Meyer of Christie’s sells the top lot, Andy Warhol’s Flowers (1964). The article discusses top lots across six categories, including Claude Monet’s Meules à Giverny (1893) and Chardin still life, with data on auction results and market trends for the first half of 2024.

Fine art

Inaugural Henderson sale at Christie’s total HK$1.3B / US$173.4M

press.christies.com

Vincent van Gogh’s Les canots amarrés and Zao Wou-Ki’s 05.06.80 – Triptyque were among the top sold works in Christie’s inaugural Henderson sale in Hong Kong, with totals reported as HK$1.256B / US$162.2M and overall total HK$1.3B / US$173.4M.

Fine art

Christie’s inaugurates new Hong Kong HQ with $134 m. evening sale

artnews.com

Vincent van Gogh, “Les canots amarrés” (1887), sold at Christie’s Hong Kong for HK$215,000,000 (US$27.7 million) during the inaugural 20th/21st century evening sale at Christie’s new Hong Kong headquarters. The hammer total was HK$883.1 million (US$113.4 million), part of a sale totaling just over HK$8.58 billion (about US$1.1 billion) including fees, in the Henderson building designed by Zaha Hadid Architects.

Fine art

Vincent van Gogh leads Christie's 133.2m 20th/21st Century Evening Sale in Hong Kong

heni.com

Vincent van Gogh's Les canots amarrés (1887) sold for $32.22m at Christie's 20th/21st Century Evening Sale in Hong Kong, part of a $133.2m total. Ronald Ventura's STATE OF BLOOM (2021) sold for $4.71m. The sale saw 40 works totaling $133.2m with a sell-through rate of 87% across 46 announced lots, and included 9 guaranteed works.

Fine art

INAUGURAL EVENING SALES AT THE HENDERSON sale total HK$1.12B / US$145M

press.christies.com

Ronald Ventura’s State of Bloom led the top lot highlights with a price of HK$36.7M / US$4.7M, and Lalan’s La mère de nuage sold for HK$23.4M / US$3M. The Henderson sale totaled HK$1.12 billion / US$145 million.

Fine art

Jackson Pollock to be represented by Kasmin, Artsy

artsy.net

Jackson Pollock is to be represented exclusively by Kasmin, joining his late wife Lee Krasner under one gallery. Kasmin will highlight Pollock’s early drawings (1939–1943) at Frieze Masters, London, while the Musée National Picasso in Paris plans an exhibit, “Jackson Pollock: The Early Years, 1934–1947,” opening October 15.

Fine art

Phillips Announces Modern & Contemporary Art Highlights from the London Frieze Week Auctions on 10 & 11 October

Phillips

Christie’s examines Phillips Announces Modern & Contemporary Art Highlights from the London Frieze Week Auctions on 10 & 11 October and its significance for artists, collectors, institutions, or the art market.

Fine art

Contemporary Art Shines in $33.6M Sales at Sotheby's New York | Press Release

Sotheby’s

Sotheby’s reports on Contemporary Art Shines in $33.6M Sales at Sotheby's New York | Press Release. Its source account states that contemporary Art Shines in $33.6M Sales at Sotheby's New York | Press Release | Sotheby’s.

Fine art

Phillips’ New Now: Modern & Contemporary Art Auction Achieves $7.5 Million, Led by George Condo, Richard Prince, and Jörg Immendorff

Phillips

Christie’s examines Phillips’ New Now: Modern & Contemporary Art Auction Achieves $7.5 Million, Led by George Condo, Richard Prince, and Jörg Immendorff and its significance for artists, collectors, institutions, or the art market.

Fine art

Christie’s Unveils Late Masterpiece by Lucian Freud - Ria, Naked Portrait Offered at Auction for the First Time

Christie’s

Christie’s reports on CHRISTIE’S UNVEILS LATE MASTERPIECE BY LUCIAN FREUD - RIA, NAKED PORTRAIT OFFERED AT AUCTION FOR THE FIRST TIME. Its source account states that lONDON – Christie’s is delighted to be presenting a seminal work by Lucian Freud, Ria, Naked Portrait (estimate: £10,000,000 – 15,000,000).

Fine art

Phillips’ David Hockney Auction Realises £1.78 Million, the Highest Total Achieved for the Annual Dedicated Auction

Phillips

Christie’s examines Phillips’ David Hockney Auction Realises £1.78 Million, the Highest Total Achieved for the Annual Dedicated Auction and its significance for artists, collectors, institutions, or the art market.

Fine art

Phillips New York to Offer Photographs from the Martin Z. Margulies Foundation, Part II, Alongside October Seasonal Auction

Phillips

Christie’s examines Phillips New York to Offer Photographs from the Martin Z. Margulies Foundation, Part II, Alongside October Seasonal Auction and its significance for artists, collectors, institutions, or the art market.

Fine art

100 years of Surrealism: ‘A total revolution of the mind’

Christie’s

How André Breton’s Manifeste du surréalisme transformed painting, sculpture, photography, literature, music, fashion — and even television. By Alastair Smart

Fine art

The best exhibitions happening fall 2024: United States, Canada and Mexico

Christie’s

From Eliasson in LA and Mendieta in Mexico City to Elizabeth Catlett in New York, these are some of fall’s most anticipated shows

Fine art

Gerhard Richter: ‘I acknowledge only what is’

Christie’s

As a new exhibition of rarely seen works opens in Düsseldorf, Jonathan Bastable looks at the vast and varied output of a genre-defying artist with ‘no rules… no belief… no picture of the future’

Fine art

Megan Rooney on painting: ‘You must dig it all up before you can find what it actually is’

Christie’s

The artist, who grew up in South Africa, Brazil and Canada, spoke to Jessica Lack about her latest exhibition, how her paintings are like rival siblings, and why making art is akin to construction work

Fine Art

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