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…)

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…)

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…)

Next month, Christie’s will lead its May 13th contemporary auction with one of Lucian Freud’s iconic portraits of former postal worker Sue Tilley, which will carry an estimate of $30 million to $50 million.  “This will be a good test of where his market is going,” says dealer James Holland-Hibbert. “It will be interesting to see if this style of painting appeals to the buyers who support these sales. Is Freud still a big enough brand?” (more…)

Alexandrea Da Cunha at Thomas Dane, all photos via Andrea Nguyen for Art Observed unless otherwise noted

The last hours of Frieze London have come and gone, with a sizable portion of the $2.2 billion in works on sale changing hands over the course of the week, with a number of noteworthy sales, performances and events capping the fall art staple. (more…)

Jean-Michel Basquiat, Untitled (1981), via Sotheby’s

This past Friday, Sotheby’s Contemporary Evening Sale concluded the week of auctions during Frieze Week in London, with a £28,203,200 final tally.  Following the results of the previous two evenings, the sales were relatively staid affairs, with few works exceeding their original estimates.

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Christie’s auction of works from the Essl Collection launched Frieze week last night in London, with the 44-lot sale attracting £46.9 million in sales, within the estimate for the evening.  The exhibition cover lot, Gerhard Richter’s Netz, failed to sell at auction, but ultimately sold privately after the auction for £5.5 million.  “Through the proceeds of this sale, the long-term future of the Essl Museum is now secured,” Karlheinz Essl said in a statement. (more…)

Joe Bradley, Untitled (2011), via Christie’s

Last evening, Christie’s auction house closed its first auctions of the fall season in London, a successful affair that saw only 5 of the 46 lots on sale go unsold, with a final sales tally of £40,344,500, settling firmly into the auction house’s estimated £32 million to £47 million sales range. (more…)

Outside the Frieze Fair, via Art Observed

As Wednesday winds down, the 2014 edition of Frieze London is well underway, starting another fair off with strong sales and impressive attendance.  As the VIP preview opened, a number of prominent celebrities could be seen browsing the aisles.  Famed German footballer Michael Ballack was seen wandering the aisles, as was writer Salman Rushdie, joining MOCA’s new director Philip Vergne and his DIA successor Jessica Morgan.

Erwin Wurm, via Andrea Nguyen for Art (more…)

Nada Entrance, all photos via Patrick Jaojoco for Art Observed

Returning to the southern tip of Manhattan, and the fittingly loose confines of the Basketball City sports complex, the NADA New York fair caused quite a stir this year, bringing a high quality fleet of exhibitors and artists to the space for a free fair that did away with much of the high profile glitz of Frieze up the East River, without sacrificing on quality works.  Welcoming a number of small regional galleries alongside a strong count of downtown mainstays, the 80-gallery fair presented a compelling alternative to Frieze’s big ticket names and prices, while keeping a strong focus on size and selection. (more…)