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December 2024 fine-art market intelligence

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Fine art

Swiss auction house becomes first to sell artwork authenticated solely by AI

artnews.com

Art Recognition authenticated a watercolor by Marianne von Werefkin sold by Germann Auction House in Zürich for just under $17,000, nearly double its high estimate. The same auction included two other works, a drawing by Louise Bourgeois sold for $31,500 and a mixed media work by Mimmo Paladino sold for $21,500, both authenticated with human oversight.

Fine art

A poignant painting made by Gustav Klimt and his brother sells for £2.2 million

news.artnet.com

Gustav Klimt and Ernst Klimt created Hanswurst Delivering an Impromptu Performance in Rothenburg (1886–1888), which was reworked by Gustav Klimt after Ernst Klimt’s death and sold at Sotheby’s Old Master & 19th Century Evening Auction in London for £2.2 million ($2.8 million). The work originated as a decorative panel for the Burgtheater and features Hanswurst in a market scene with portraits of their family integrated by Gustav. The painting’s price was reported as £2.2 million ($2.8 million).

Fine art

Li Hei Di sets auction record at Phillips Hong Kong

artmag.org

Li Hei Di’s Orange Swim (2021) sold for $155,035 at Phillips Hong Kong, setting a new auction record for the artist. The evening sale realized $22 million overall. Other top results included Yoshitomo Nara’s Baby Blue (1999) at $5.8 million, Sanyu’s Reclining Nude with Raised Knee II (1950/1960s) at $5.5 million, Nicolas Party’s Mountains (2023) at $1.8 million, and Nara’s Fountain of Life (2001/2014) over $1.3 million.

Fine art

La Caritas Romana (ca. 1650) di Artemisia Gentileschi raccontata dal recupero in Italia e in Austria

artcrimeproject.org

La pagina riguarda la Caritas Romana di Artemisia Gentileschi, dipinto attribuito alla metà del XVII secolo, parte dell’eredità dei Conti Acquaviva. Descrive il recupero e il rimpatrio dell’opera che era stata esportata illegalmente dall’Italia, con il coinvolgimento di il Nucleo Carabinieri Tutela Patrimonio Culturale, Eurojust, la polizia austriaca e l’Ambasciata Italiana in Austria.

Fine art

Tribute to Jean Fournier: A white-glove sale achieves €9.1M | $9.6M

press.christies.com

Joan Mitchell paintings dominate the sale with Champs (lot 19) at €2.1M and Untitled (lot 5) at €1.4M; other notable works include Untitled (lot 12) at €1.8M, Sam Francis pieces Blue figure (Blue IV) at €831,600 and Sans titre at €352,800, Simon Hantaï's M.m. 25 at €390,600, and Josef Síma works; the Paris sale total reached €9.1M / $9.6M.

Fine art

Christie’s sues winning bidder of record-breaking Chardin for failure to pay

theartnewspaper.com

Jean Siméon Chardin's Cut Melon (1760) sold for €26.7m; Christie’s France says the winning bidder, Nanni Bassani Antivari, has not paid and Christie's filed suit in Paris seeking €27.4m in total. The work set multiple records in France, and the under-bidder was the Kimbell Museum; the sale was reported by The Art Newspaper.

Fine art

Recent decades and Spanish artists: the Reina Sofía Museum announces its acquisitions for 2024

paintandpainting.com

The Reina Sofía Museum announced its acquisitions for 2024, including 470 works by Spanish artists such as Ángeles Santos, José Pérez Ocaña, Colita, Pilar Albarracín, Ana Laura Aláez, Carles Congost, Joan Morey and Cristina Lucas, and international artists like André Masson, Alice Rahon, Allan McCollum, Regina José Galindo, Miguel Ángel Rojas and Yasumasa Morimura. The acquisitions are to strengthen representation of women artists and recent decades' creators not previously represented, with a mix of acquisitions with its own funds, Ministry of Culture resources, ARCOmadrid purchases, and deposits via the Reina Sofía Museum Foundation.

Fine art

Christie’s results are down just 6% in 2024, despite challenging environment

theartnewspaper.com

The Art Newspaper reports Christie’s total netted $5.7bn in 2024 across live, online and private sales, down 6% from 2023. The year is described as two halves, with $3.6bn (63%) of sales in the second half. René Magritte’s Les empires des lumières (1954) sold for $121m in New York to set a new Surrealist record, the only nine-figure lot of 2024. Private sales grew to $1.5bn, up 41% year-on-year, while public auctions fell 16%.

Fine art

Once the most expensive painting ever auctioned, has a long hidden Van Gogh portrait been rediscovered?

theartnewspaper.com

The Art Newspaper reports that Van Gogh’s Portrait of Dr Gachet (June 1890) may have been rediscovered after last being seen in 1990; the work last changed hands in 1998 and may reappear in a private Swiss collection. The article notes a second version exists at the Musée d’Orsay and mentions related Van Gogh coverage in 2024, including the National Gallery incident and the Van Gogh Museum scholarly critique of works in private collections.

Fine art

What you need to know about photomontagist and painter njideka akunyili crosby

news.artnet.com

Njideka Akunyili Crosby is profiled as a blue-chip artist known for collage and photo-montage; the article notes her Nigerian origins, MFA from Yale, international exhibitions, and representation in major collections. It mentions her ranking fourth in Artnet’s 2024 mid-year best-selling ultra-contemporary artists list, highlighted by the sale of Thread (2012) at Sotheby’s New York for $1,996,000.

Fine art

NEW YORK — Wednesday, December 18, 2024, MICA: THE COLLECTION OF MICA ERTEGUN concluded its six and final sale, bringing the collection total to $196,099,236. The collection was 100% sold, selling 115% hammer against low estimate. The historic sale series began on the evening of Tuesday, November 19, 2024 kicking off in Christie’s Rockefeller Center saleroom with MICA: THE COLLECTION OF MICA ERTEGUN Part I. The sale achieved enormous success, totaling $184 Million, selling 100% by lot, 100% by value, 113% hammer against low estimate. The leading highlight of the evening was Rene Magritte’s masterpiece L’empire des lumieres, which sold for a record-breaking $121.2 Million and established a new benchmark for the Surrealist movement.

Christie’s

Wednesday, November 20, 2024, MICA: THE COLLECTION OF MICA ERTEGUN Part II realized $5 Million, selling 100% by lot, 100% by value, and 116% hammer against low estimate. The top lot of the 44-lot sale was Trois personnages debout, an exceptional work on paper by Pablo Picasso, which sold for $567,000.

Fine art

Nicholas Roerich: artist, guru, educator, archaeologist, explorer, treaty-maker — and nominee for the Nobel Peace Prize

Christie’s

The many travels, bountiful life and multi-faceted career of the Russian-born artist — who founded the Master Institute of United Arts in Manhattan and enjoys iconic status in India — almost defy description. On the 150th anniversary of his birth, Alastair Smart applies himself to the task

Fine art

How Sam Josefowitz assembled the finest collection of Rembrandt prints in private hands

Christie’s

Among the 90 prints offered in the fabled collection of Sam Josefowitz are magnificent examples of the artist’s rarest and most famous works, ranging from his early self-portraits such as Self-Portrait in a Fur Cap: Bust to ‘ Six’s Bridge’, The ‘Three Crosses’ and ‘Woman with the Arrow’

Fine Art

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