‪‬Chuck Close, Sam Francis Foundation, the estate of Robert Graham, and Laddie John Dill sue Sotheby’s and Christie’s over adherence to California Resale Royalties Act [AO Newslink]

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Team Gallery Booth at Art Basel 2010, Image via Art Basel.

AO is on site at Art Basel, Switzerland, where Wednesday marked the official, public opening of the international show.  On the roster was an inaugural Conversation Series speech by Paul McCarthy, an Art Film at Stadtkino Basel, and an Artist’s Talk with Rodney Graham at Kunstmuseum.  If the congenial and thronged atmosphere hadn’t tipped us off to the anticipation surrounding this year’s exhibitions, Tuesday’s sales would have been a clear indication.   A $15 million Picasso 1960 plaster maquette, Personnage, was snatched up immediately from Krugier Gallery by one of the VIP guests (an American collector) invited to Basel’s early opening, as was a line drawing by the same artist, one by Egon Schiele, and paintings by Max Ernst and Paul Klee. Sara Kay of the Geneva- and New York-based Kugier Gallery was unable to disclose the buyer of yesterday’s Picasso sale, but ten minutes after the purchase’s confirmation noted to Art Info that “[The] piece went to a very important collector with the best modern masters.  This is museum-quality, not trophy-level. It’s a very serious piece.” Skarstedt Gallery also enjoyed a  meritorious patronage yesterday, with sales including a Christopher Wool painting, Untitled, for $800,000, a Barbara Kruger photograph for $700,000, a Cindy Sherman piece for $500,000, and two works by George Condo: The Madman and The Colorful Banker, which fetched $375,000 and $225,000, respectively.  Hufkens Gallery sold a Louise Bourgeois etching, A Baudelaire (#7), which the late artist completed several months before her death in May, for $650,000 to a European collector.  Cheim & Read boasted a lucrative afternoon as well, with sales including a $2 million Joan Mitchell abstraction, a $125,000 Sam Francis drawing, a $100,000 Ghada Amer painting, Paradise, and a 28-strong Bourgeois watercolor series, Les Fleurs.  Lisson Gallery sold two Anish Kapoor‘s for $742,000.  Richard Prince‘s Student Nurse brought Gagosian $4.2 million, and Paul McCarthy’s bronze suites–Sneezy and Dopey–yielded Hauser & Wirth a combined total of $3 million. Blum & Poe sold a dyptich by Takashi Murakami for $1 million. White Cube reportedly sold six of Damien Hirst‘s new paintings, as well as Hirst’s “Memories of Love,” valued at $3.48 million. Lehmann Maupin sold two neon works by Tracey Emin, each for $74,000.

Damien Hirst, ““Memories of Love,” at White Cube’s booth, sold for $3.48 million. Image by Art Observed.

More images and text after the jump…

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Jasper Johns’ Flag from the estate of author Michael Crichton fetched a record $28.6 million

Last night Christie’s delivered a top result of $231,907,000 in its New York contemporary-art evening sale, easily hurdling the pre-sale estimate of $142.9 – 207.4 million and making it Christie’s biggest New York contemporary sale since May 2008, which totaled $331.4 million. This remarkable total was powered by a trove of 31 choice works from the estate of Michael Crichton, the author of bestselling science-fiction thrillers like Jurassic Park, who died of throat cancer in 2008. In total the Crichton sale fetched a handsome $93.3 million – exceeding pre-sale expectations by $23.7 million, making it one of the most successful single-owner sales ever. The group’s top performer was Jasper Johns Flag (est. $10 – 15 million) which sold to New York dealer Michael Altman for $23.7 million.Fifty-one of the evening’s 79 works offered sold for over one million dollars, and of those, 5 cracked the 10 million dollar mark. Remarkably, only five lots went unsold, or six percent by lot and a tiny two percent by value; 5 artist records were set.The geographic breakdown of buyers according to lots sold saw the United States take the lead with 74% of works going to Americans – unsurprising giving the depth of bidding witnessed in the sales room. Europe accounted for 21 percent of the sales and 0% went to Asian buyers – in complete contrast to last week’s sales of Impressionist and Modern art which were dominated by the Asian market.

Bidders squeezed into a packed salesroom last night at Christie’s – many being forced to stand.

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The show is comprised of works by 63 artists, with some pieces showing publicly for the first time. The sweeping comprehensiveness of the exhibition allows for a juxtaposition of artists rarely seen. Paintings by Claude Monet accompany those by Cy Twombly and Paul Signac. Cubist Georges Braque brings the cartoons of Jean Dubufett into sharper relief. Included are Paul Cézanne and Abstract Expressionists Mark Rothko and Sam Francis, in an exhibition that shows even the pop art of Andy Warhol and the Surrealist paintings of Salvador Dalí.

Ferdinand Hodler, “le Grammont,” at Fondation l’Hermitage. Image courtesy of the museum.

Yves Klein, “ANT 20,” at Fondation l’Hermitage. Image courtesy of the museum.

Initially founded in 1984 with the Bugnion Family collection, Fondation l’Hermitage now boasts over 600 works, shown in rotation along with its temporary exhibitions. The Fondation is also home to a collection of 12th-19th century Chinese porcelain, donated by the Vergottis Foundation and on permanent display in its underground space.

René Magritte, “La Ruse Symétrique,” at Fondation l’Hermitage. Image courtesy of the museum.

Paul Klee, “Felsenlandschaft,” at Fondation l’Hermitage. Image courtesy of the museum.

Edgar Degas, “Danseuses (Danseuses au repos),” at Fondation l’Hermitage. Image courtesy of the museum.

– R. Fogel

David Zwirner booth at the Armory, showing Yan Pei-Ming, John McCracken, and Rachel Khedoori.

New York Armory Week 2009 is in full swing, with attendance higher than expected moving into the weekend.  Despite the absence of several blue chip galleries – including Matthew Marks and Lehmann Maupin – the gallerists’ collective mood seems hesitant but optimistic.  177 contemporary galleries are exhibiting in the Armory’s 11th year, along with the addition of a Modern wing at Pier 92 selling more established, less edgy work.

The Armory Show 2009 and the Armory Modern
Piers 92 and 94
12th Avenue at 54th Street
March 4-8, 2009

Armory Opening Party at MoMA.

RELATED LINKS
Sales still down, but spirits are buoyant [Art Newspaper]
On the Piers, Testing the Waters in a Down Art Market [New York Times]
Has the Recession Sparked a New Renaissance? [Guardian UK]
On the Scene at the Armory Preview Party [Style File Blog]
MoMA’s Armory Show Opening Benefit Party [Patrick McMullan]
Armory MoMA After Party [Guest of a Guest]
Now Dealing | The Armory Show [TheMoment]
Window-shoppers Descend on Armory Art Show [NYMag]
What’s Selling (or Not) at the New York Armory Show [NYMag]
‘Creepy’ Bernie Madoff Watercolor Fails to Sell at Armory Show [NYMag]
Dealers Sold on Armory Modern, Collectors Less So [ArtInfo]
The Herd Is Out, but Holding Back [ArtInfo]

more stories and photos after the jump…

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