Archive for the 'Auction Results' Category

AO Auction Recap – London: Sotheby’s Contemporary Evening Sale, July 1st, 2015

Wednesday, July 1st, 2015

Andy Warhol, One Dollar Bill (1962), via Sotheby's
Andy Warhol, One Dollar Bill (1962), via Sotheby’s

The results are in for Sotheby’s Evening Sale tonight, drawing the first half of the 2015 market year to a close with a mixed sale that saw impressive strength in unexpected places and a number of major letdowns at the higher end of the sale, ultimately closing on a final tally of £130,376,500, well shy of the £203 million mark the auction house had trumpeted earlier this month, with 9 of the 58 lots going unsold. (more…)

AO Auction Recap – London: Christie’s Post-War and Contemporary Evening Sale, June 30th, 2015

Tuesday, June 30th, 2015

Francis Bacon, Study for Head of Isabel Rawsthorne and George Dyer (1967), via Christie's
Francis Bacon, Study for Head of Isabel Rawsthorne and George Dyer (1967), via Christie’s

Another auction come and gone for Christie’s tonight in London, and another set of strong results, as the auction house capped a 76 lot sale to the tune of £95,646,500, meeting expectations, and setting several records for non-blue chip artists along the way, with 10 lots going unsold, including a string of Gerhard Richter works that may signal a downturn in the artist’s market popularity. (more…)

AO Auction Recap – London: Phillips Contemporary Evening Sale, June 29th, 2015

Monday, June 29th, 2015

Ai Weiwei, Circle of Animals (2010), via Phillips
Ai Weiwei, Circle of Animals/Zodiac Heads (2010), via Phillips

Sales have concluded at tonight’s Contemporary and Post-War Evening Sale at Phillips Auction House in London, capping a strong outing by the company that saw 10 of the 53 lots going unsold.  With somewhat sluggish proceedings and a few surprises, the auction seems to be something of a stumble in Phillips’ attempts to challenge the larger auction houses this week.

Sigmar Polke, Carnival (1979), via Phillips
Sigmar Polke, Carnival (1979), via Phillips (more…)

AO Auction Recap – London: Sotheby’s Impressionist and Modern Evening Sale, June 24th, 2015

Wednesday, June 24th, 2015

Kazimir Malevich, Suprematism, 18th Construction (1915), via Sotheby's
Kazimir Malevich, Suprematism, 18th Construction (1915), via Sotheby’s

The Impressionist and Modern sale has concluded at Sotheby’s tonight, with 51-lot sale that failed to live up to the auction house’s pre-sale proclamations of a record breaking sale.  The auction brought a final total of £178,590,000, falling just shy of the £186.44 million record for London auctions it was expected to beat. (more…)

AO Auction Recap – London: Christie’s Impressionist and Modern Evening Sale, June 23rd, 2015

Tuesday, June 23rd, 2015

Claude Monet, Iris Mauves (1914-1917), via Christie's
Claude Monet, Iris Mauves (1914-1917), via Christie’s

The London summer auctions are underway, after Christie’s opening sale this evening at its King Street location, a steady if somewhat relaxed sale that seemed a markedly subdued affair compared to the fireworks the auction house saw last month in New York.  Capping the 52-lot sale with a final tally of £71,461,000, the evening was still a strong entry in the auction house’s recent outings.  Despite lackluster bidding, the sale achieved a remarkably strong sell-through rate, with only 8 works going unsold.  The auction house seemed content to let a number of works go just below estimate, continuing a commitment to a sales-first strategy outgoing president Steven Murphy had outlined late last year. (more…)

AO Auction Recap – New York: Phillips Contemporary Evening Sale, May 14th, 2015

Thursday, May 14th, 2015

Francis Bacon, Seated Woman (1961), via Phillips
Francis Bacon, Seated Woman (1961), via Phillips

The Phillips Contemporary Evening sale has concluded, bringing to a close a week full of fireworks and smashed records with a relatively lackluster sales event that saw several impressive sales, countered by a number of less than exceptional performances.  Of the sale’s 71 lots, 14 went unsold, and few others managed to surpass high estimates, bringing the final sales tally to a respectable $97,100,000.   (more…)

AO Auction Recap – New York: Christie’s Impressionist and Modern Evening Sale, May 14th, 2015

Thursday, May 14th, 2015

Piet Mondrian, Composition No III Red, Blue, Yellow, and Black, (1929), via Art Observed
Piet Mondrian, Composition No. III Red, Blue, Yellow, and Black (1929), via Art Observed

The auction week has come and gone, and Christie’s has closed out a major week for both its Impressionist/Modern and Contemporary Departments, as the combined sales of its three Evening events this week have collectively brought in well over a billion dollars in sales.  This Evening, the Impressionist and Modern Evening sale added an exclamation point to the proceedings, bringing in a final tally of $202,608,000 that saw a major new record for Piet Mondrian. (more…)

AO Auction Recap – New York: Christie’s Contemporary and Post-War Auction, May 13th, 2015

Wednesday, May 13th, 2015

Lucian Freud, Benefits Supervisor Resting, via Art Observed
Lucian Freud, Benefits Supervisor Resting (1994), via Art Observed

Christie’s has concluded the first days of Frieze week in style tonight, continuing its impressive performance over the course of the Contemporary Auction week with a strong sale tallying $658,532,000.  Selling 72 of the 85 lots offered, the sale saw several major records fall during the course of the evening, signaling the intense enthusiasm for the contemporary market both in the U.S. and abroad. (more…)

AO Auction Recap – New York: Sotheby’s Contemporary and Post-War Evening Sale, May 12th, 2015

Tuesday, May 12th, 2015

Christopher Wool, Riot (1990), via Sotheby's
Christopher Wool, Riot (1990), via Sotheby’s

Another night come and gone in New York, and another impressive evening auction in the books as Sotheby’s concludes its Contemporary and Post-War Evening Sale this Tuesday night with a final tally of $379,676,000, failing to top Christie’s impressive auction from one night prior despite some impressive sales records of its own.  The 65-lot sale saw 8 of the works go unsold, for a final sell-through rate of 87.7%, a hard figure considering last evening’s single unsold lot out of 35. (more…)

AO Auction Recap – Christie’s ‘Looking Forward to the Past’ Sale, Setting a New World Auction Record of $179 Million for Pablo Picasso’s ‘Les Femmes D’Alger,’ May 11th, 2015

Tuesday, May 12th, 2015

 

Pablo Picasso, Les Femmes D'Alger (1955), via Art Observed
Pablo Picasso, Les Femmes D’Alger (1955), via Art Observed

The crown for the most expensive artwork at auction has returned to the master, as Pablo Picasso’s Les Femmes D’Alger lived up to its lofty expectations at auction this evening, as Christie’s “Looking Forward to the Past” exhibition kicked off Frieze Week (and a week of Contemporary Sales in New York) in grand style, tallying a massive $705,858,000 for a 35-lot offering that saw numerous records fall by the wayside, and only one lot going unsold, on the way to Picasso’s triumphant evening. (more…)

AO Auction Recap – New York: Sotheby’s Impressionist and Modern Evening Sale, May 5th, 2015

Wednesday, May 6th, 2015

Claude Monet, Nymphéas (1905), via Art Observed
Claude Monet, Nymphéas (1905), via Art Observed

The first night of the bustling spring auction week is underway, as Sotheby’s concluded a somewhat unsteady sale last night of Impressionist and Modernist masterpieces that achieved a final of $368,344,000, well over the auction house estimate of $270,000,000.  The final tally saw 14 of the 64 lots go unsold over the course of the evening, which will be the last major Impressionist and Modern sale of the first half of the year on U.S. soil. (more…)

AO Auction Recap – London: Phillips Contemporary and Post-War Evening Sale, February 12th, 2015

Friday, February 13th, 2015

Mark Bradford, Biting the Book (2013), via Phillips
Mark Bradford, Biting the Book (2013), via Phillips

Following a pair of major auctions the previous evenings, the Phillips Contemporary and Evening Sale in London has concluded the first Contemporary market week of the year, capping a 30-lot sale at the auction house’s new 30 Berkeley Square to the final result of £17.7 million, with only five of the works going unsold.

(more…)

AO Auction Recap – London: Christie’s Contemporary Evening Sale, February 11th, 2015

Wednesday, February 11th, 2015

Francis Bacon, Study for a Head (1955), via Christie's
Francis Bacon, Study for a Head (1955), via Christie’s

Another night of sales has come and gone in London, following the conclusion of Christie’s Contemporary Evening Sale, a somewhat textbook outing that saw the auction house forego a reliance on high-achieving works in favor of a series of strong selling works to reach a final tally of £117,142,500.   (more…)

AO Auction Recap – London: Sotheby’s Contemporary Evening Sale, February 10th, 2015

Tuesday, February 10th, 2015

Gerhard Richter, Abstraktes Bild (1983), via Sothebys
Gerhard Richter, Abstraktes Bild (1983), via Sotheby’s

The Contemporary Evening sale at Sotheby’s has concluded, following a sale of works that was fairly by the book in comparison with past auctions, with the exception of a massive new auction record for artist Gerhard Richter just one day after his 83rd birthday.  Despite a lack of exceptionally competitive bidding, the 77-lot sale still brought in impressive returns, finishing at a tally of £123,515,250. (more…)

AO Auction Preview – London: Post-War and Contemporary Evening Sales, February 10th – 12th, 2015

Monday, February 9th, 2015

Francis Bacon, Two Studies for Self-Portrait (1977), via Sotheby's
Francis Bacon, Two Studies for Self-Portrait (1977), via Sotheby’s

Concluding a three week series of auctions, the Contemporary Evening Sales are set to take place in London in the coming evenings, offering a perspective on the strength of the market as 2015’s art season gets underway.

The auctions begin on Tuesday, February 10th, with Sotheby’s Evening sale.  The 77-lot sale is carrying a presale estimate of £89.7 million to £127.1 million, led by a large-scale Gerhard Richter Abstraktes Bild from 1986, which is estimated to sell for £14 million to £20 million.  Also topping the list is a rare Francis Bacon double self-portrait, executed in 1977 and carrying a £13 million to £18 million presale estimate.  The painting, executed  just weeks after the suicide of his partner George Dyer, is already commanding impressive buzz, and may turn out to be the night’s most coveted lot.  A Lucio Fontana “slit” work also sits at the top of the sale offerings, estimated at £5 million to £7 million.   (more…)

AO Auction Recap – London: Christie’s Impressionist and Modern Evening Sale, February 4th, 2015

Thursday, February 5th, 2015

Paul Cézanne, Vue Sur L'estaque Et Le Château D'if (circa 1881-1885), Christie's

Paul Cézanne, Vue Sur L’estaque Et Le Château D’if (circa 1881-1885), via Christie’s

The Christie’s Impressionist, Modern and Surrealist Sales have concluded in London, bringing to close the week of auctions.  In comparison with Sotheby’s record-setting auction last evening, the Christie’s sale seemed content to rely on a strong selection of curated works, putting together a 44 lot auction that ultimately brought in a final sales tally of £80,375,000.  There were few blockbuster lots in comparison with Sotheby’s and its selection of Monets, but a steady stream of sales in the auction house’s surrealism sale kept the auction houses in close competition, bringing in sales of £66,656,000 in its own right.

Juan Gris, La Lampe (1914), Via Christie's (more…)

AO Auction Recap – London: Sotheby’s Impressionist, Modern and Surrealist Evening Sales, February 3rd, 2015

Tuesday, February 3rd, 2015

Claude Monet, Le Grand Canal (1908), via Sotheby's
Claude Monet, Le Grand Canal (1908), via Sotheby’s

The Impressionist and Modern Auction week has begun in London, as Sotheby’s closes its doors on a strong set of evening sales.  It was the first sale since the auction house announced its increase in rates for 2015, but buyers seemed undeterred by the price increases, bring the final sales tally for the 54 lot sale to an impressive £170,274,000. (more…)

AO Auction Preview – London: Impressionist and Modern Evening Sales, February 3rd and 4th, 2015

Monday, February 2nd, 2015

Claude Monet, Le Grand Canal (1908), via Sotheby's
Claude Monet, Le Grand Canal (1908), via Sotheby’s

Picking up where last week’s Old Masters auctions in New York City left off, the art market’s attention turns to London this week, as Christie’s and Sotheby’s prepare a set of Impressionist and Modern auctions.   (more…)

AO Auction Recap – New York: Old Masters Week, January 28th-29th, 2015

Saturday, January 31st, 2015

Agnolo Bronzino, Portrait Of A Young Man With A Book, Via Christie's
Agnolo Bronzino, Portrait Of A Young Man With A Book, Via Christie’s

Old Masters Week has concluded in New York, following a set of auctions over the past few days that saw mixed results at both Sotheby’s and Christie’s. (more…)

AO Auction Preview – New York: Old Masters’ Week, January 28th-29th, 2015

Wednesday, January 28th, 2015

Agnolo Bronzino, Portrait Of A Young Man With A Book, Via Christie's
Agnolo Bronzino, Portrait Of A Young Man With A Book, via Christie’s

The auction calendar kicks off with its first major sales of 2015 this week, as collectors of Renaissance and Classic works flock to New York City for Sotheby’s and Christie’s Old Masters week sales. With a group of sales lined up for each auction house in the coming days, and a number of impressive works available, the auctions should mark a strong start to the auction season. (more…)

Sotheby’s Modern Art Auction in London Yesterday Produce Uneven Results

Wednesday, February 6th, 2013

Pablo Picasso, Femme Assise Près D’Une Fenêtre, via Sotheby's
Pablo Picasso, Femme Assise Près D’Une Fenêtre, via Sotheby’s

Last night, Sotheby’s London hosted the first of the spring’s Modern Art auctions, with a number of works quickly soaring to high prices while others struggled to meet their estimates, most notably the centerpiece of the auction, Pablo Picasso’s “Femme Assise Près d’une Fenêtre.” (more…)

London Old Masters Sales bring uneven results

Sunday, December 9th, 2012

Sir Joshua Reynolds Portrait of Elizabeth, Lady Forbes (detail), courtesy ChristiesCollectors seeking iconic works at the Old Masters sales in London this week have led to uneven results: at Sotheby’s a bidder paid $47.9 million for “Head of a Young Apostle,” by Raphael; at Christie’s, only 29 out of 54 lots sold, bringing in $18.6 million, just over low estimate. “The name is not enough. It has to be a top example by an important master,” said Jonathan Green of the Richard Green Gallery in London. Additional speculation is that international, non-Western buyers are not interested in the historical subject matter from a cultural standpoint. (more…)

Raphael’s “Head of a Young Apostle” raises record $47.8 Million at Sotheby’s

Thursday, December 6th, 2012

In a record-breaking auction, the black chalk “Head of a Young Apostle” by Raffaello Sanzio (Raphael), sold Tuesday, December 4th, 2012 for $47.8 million. This is the highest price paid for any work on paper, and the second highest for any Old Master, after Ruben’s “Massacre of the Innocents” which raised $78.2 million at Sotheby’s in 2002. The highest bidder was Natasha Mendelsohn, who bids on behalf of clients for Sotheby’s (BID) London.  (more…)

New York – Latin American Week Roundup: Auction Results and Pinta, November 15th – 20th, 2012

Wednesday, November 21st, 2012

Gallerist Cecilia Jurado of Y Gallery, NY in front of two works by Carlos Motta
Gallerist Cecilia Jurado of Y Gallery, NY in front of two works by Carlos Motta photo by A.M. Ekstrand for ArtObserved

Latin American week began with the Pinta art fair, which ran from November 15th – 18th, 2012, after which followed auctions at Christie’s, Sotheby’s and Phillips de Pury & Co. Several records were broken for Latin American artists, proving that the market is still robust, especially on the high end.

Matta Nada courtesy Sothebys
Roberto Matta, Nada 1943 courtesy Sotheby’s sold for $1.82 million (more…)