Contantin Brancusi, La Muse Endormie (1913), via Christie’s

The first auction of the week has come and gone in New York, as Christie’s notched an impressive outing for its Impressionist and Modern Evening Sale, confirming expectations of a solid return of buying interest in the secondary market.   Considering the past several outings for the auction houses in London and New York, where only a handful of buyers were reportedly keeping the market afloat, this week’s sales hit a different note entirely, with ample phone bids that saw one major auction record fall with Constantin Brancusi’s La Muse Endormie demolishing expectations at over $57 million, and marquee lots performing quite well over the course of the evening.  (more…)

The Romanian government has launched a crowd-funded campaign to buy a nationally treasured Constantin Brancusi sculpture that is currently for sale.  “I am calling on Romanians to take individual responsibility because I want BrâncuÈ™i to unite us, not divide us,” prime minister Dacian CioloÈ™ said. (more…)

Wassily Kandinsky, Studie für Improvisation 8 (1909)  which sold for a record breaking $23,042,500, image courtesy Christie’s

Despite a nor’easter last night in New York, Christie’s had a full house for its Impressionist and Modern Art Evening Sale, which boasted a sale total of $204, 800,000 with just 48 of 69 lots sold.  The sales achieved were not always consistent but very high numbers were reached during many bids.  The value sold by lot was 80%, with most of the works that did sell achieving their high estimate or beyond.  Head of the Department, Brooke Lampley, declared it a “strong sale” in the post auction press conference.

Sale room at Christie’s, photo by ArtObserved

The major excitement of the sale came with the record-breaking price of $23 million for Kandinsky’s Studie für Improvisation 8  – the highest price ever paid at auction for a work by the artist. The painting is an early figurative example of the artist’s transition to abstraction. (more…)

Pablo Picasso, Femme à la Fenêtre (Marie-Thérèse) courtesy Sotheby’s

Christie’s Impressionist and Modern sale will commence this evening; due to the destruction from the hurricane, Sotheby’s rescheduled its Impressionist sale from November 5th to tomorrow, Thursday the 8th. Airport closures and power outages worried many that the international collecting crowd would not be able to attend. In a season that boasts over a possible billion dollars in revenue and a possible record breaking year at auction, postponement was inevitable.

Both houses are flush with important and iconic works by a plethora of leading artists such as Picasso, Monet, Kandinsky, Miro, Brancusi and Cézanne.

Wassily Kandinsky, Studie für Improvisation 8 courtesy Christie’s
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Max Ernst, The Stolen Mirror, 1941 (est. $4-6 million, realized $16.3 million), via Christies.com

Christie’s evening sale of Impressionist and Modern art on Tuesday night brought in $140 million against presale estimates of $210-300 million. Four of the top 5 most valuable lots failed to sell, including the auction’s cover lot – a Degas ballerina sculpture with a presale estimate of $25-35 million. The Degas had been shopped around privately with no luck and carried what many believed to be a very aggressive estimate. The auction house cited those two facts to explain that lot’s failure, as well as the overall performance of the sale. In general, fresh to market material faired best, and hefty presale estimates deterred bidding on the priciest works. What turned out to be the evening’s top lot – Max Ernest‘s The Stolen Mirror – was both fresh to market and carried an estimate in line with the artist’s records and with heightened interest in Surrealist material over the past few auction cycles. The canvas set the record for the artist at auction when it sold for $16.3 million against a high estimate of $6 million. The previous record was set this past June at Christie’s London with a 1923 work that brought $4.4 million.

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Installation view via Mitchell-Innes & Nash Gallery

Mitchell-Innes & Nash Gallery recently opened an untitled exhibition showcasing various sculptures by two of the prime examples  of modernism and three-dimensional abstraction: Jean Arp and Constantin Brancusi. Considered to be of differing artistic generations, these two artists followed two seemingly diverging paths. However, similar styles and a shared proclivity for “abstracted, somewhat amorphous forms relating to the natural world” (via Mitchell-Innes & Nash Gallery Press Release) have led to a union of the works, offering a fresh perspective. The show features various reliefs painted by Arp, and carvings in wood, bronze and marble by both artists.

More text and images after the jump… (more…)

At PMA, “Head of a Woman” (1937-38). Estate of Pablo Picasso / Artists Rights Society (ARS), New York.

AO visited the Philadelphia Museum of Art and the Solomon R. Guggenheim Museum in New York, which are both showing survey exhibitions of the avant-garde in Paris in the early twentieth century. “Picasso and the Avant-Garde in Paris,” at PMA, is an exhaustive display of thirty years of Picasso, from 1905 to 1945, following him through the development of Cubism and artist communities in Paris. The Guggenheim’s show is smaller and less concentrated on Picasso; it includes thirty works by Picasso, Léger, Chagall, Braque, and more, where the PMA’s 200-strong exhibition includes works by Picasso collaborators and contemporaries as they interact with his own.

At the Guggenheim, Pablo Picasso, “Mandolin and Guitar (Mandoline et guitare)” (1924). Oil with sand on canvas Solomon R. Guggenheim Museum, New York  Estate of Pablo Picasso/Artists Rights Society (ARS), New York

More images, story, and relevant links after the jump…

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Untitled, Ellsworth Kelly (1959) via Middlesbrough Institute of Modern Art

Currently showing at the Middlesbrough Institute of Modern Art, England are a selection of early, unseen drawings by one of the most influential American artists of the 20th century – Ellsworth Kelly. Executed by Kelly between 1954 and 1962, the drawings have traveled to Middlesbrough directly from the artist’s New York studio where they have been hidden for more than 50 years. The 23 works are all studies for larger pieces and have been presented now, for the first time ever, to illustrate an important period in the artist’s career during which he pioneered his much-admired abstract style that has been integral to the evolution post-war American art.

More text, images and related links after the jump….
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Composition avec bleu, rouge, jaune et noir (1922) by Piet Mondrian, part of the Yves Saint Laurent – Pierre Berge collection; sold for â‚¬21.6 million, beating its estimate range of â‚¬7 million to â‚¬10 million and setting an at-auction record for the artist. Image via Christie’s.

Following three days of viewing by the public in the majestic setting of the Grand Palais in Paris, Christie’s kicked off its marathon three day, six session auction of the vast Yves Saint Laurent and Pierre Berger collection–700 pieces collected over five decades.  A moribund art market and legal manoeuvrings by the Chinese government were not enough to put a dent on the first day of auctions, as Christie’s realized $264 million including commissions, setting a record for the sale of a personal collection, beating out a 1997 auction of Victor and Sally Ganz’ extensive private collection which sold for $206.5 million. This first auction focused on Impressionist and modern art, with 61 lots on sale.

While Picasso’s Instruments de musique sur un gueridon, a synthetic cubist piece from 1912 estimated at €25 million to â‚¬30 million, failed to sell, records were broken for Matisse, Brancusi and Mondrian. Other high priced lots by blue chip names sold very well to a field of over 1,200 participants, with another 100 partaking in the sale via phone. The Grand Palais served as a giant showroom, conceived as a recreation of sorts of St Laurent’s and Berge’s apartment in Paris’ 7th arrondissement. Over 30,000 thousand people are expected to visit the Palais during the course of the public exhibition and the auction.

“This is a very important auction,” said Souren Melikian, the longtime art editor of The International Herald Tribune. “There are a large number of high-quality objects, not necessarily as stunning as billed, but high quality bought over a large number of years. And they come to auction at a time when the market is winding down, when there is less available than 20 years ago.” [Via the New York Times]

Auction page: Christie’s
Fondation Yves Saint Laurent – Pierre Berger
Art World’s Stimulus Package: Matisse, Mondrian, Not Picasso [WSJ]
Christie’s Laurent Sale Fetches Record $262 Million [Bloomberg]
Yves Saint Laurent sale proves art is in fashion [Times UK]
Yves Saint Laurent Art Sale’s 1st Night Brings In $264 Million [NYT]
Saint Laurent and His Art Still Make a Sensation [NYT]
Treasures, after a fashion [FT]
YSL art auction sets new record [Guardian UK]
Record for Matisse and Others at Christie’s Sale of Yves Saint Laurent Collection [ArtDaily]
Saint Laurent art sale raises $264 million in first night [ArtForum]
Record bids for YSL private art [BBC]
Obituary: Yves Saint Laurent [BBC]
China tries to stop Paris auction [BBC]

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Image via Daily Telegraph

The three day auction of hundreds of art and furniture collected by the late legendary fashion designer Yves Saint Laurent and his longtime partner Pierre Bergé kicked off today at 1PM EST. The auction which many have called the “Sale of the Century” is being held at the Grand Palais in Paris under the guidance of Christie’s auction house. The auction includes six separate sales over three days and contains masterpieces by Picasso, Mondrian, Matisse along with several other Art Deco pieces, bronzes, enamels and antiques. The first item sold was a small Italian landscape by Degas for which Berges had said he had a “special affection” for. It was bought for 380,000 euros (485,000 dollars). Proceeds from the sale will go to two charitable foundations set up by Saint Laurent and Bergé. Another early highlighted item sold was a wooden sculpture by Constantin Brancusi which sold for 29.2 million euros (37.2 million dollars) which was a a record for the artist’s work at auction. For up to date results from the auction, visit Christie’s results as they happen.

Christie’s Fine Art Auctions
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Pierre Bergé on Yves Saint Laurent, his auction house and the sale of the century [Art Info]
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Brancusi Sculpture Fetches Record 29.2 Million Euros [Bloomberg]
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Saint-Laurent Collection Livens Up A Sluggish Auction Market [Arts Journal]
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Treasury of Style [ArtNet]
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Inside Yves Saint Laurent’s Art Collection [Forbes]
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Treasures, after a fashion [Financial Times]
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The Last Collection [New York Times]
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The Art World’s Last Hurrah? [Wall Street Journal]
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