Amedeo Modigliani’s Nu Couché sells at Christie’s, via Rae Wang for Art Observed

Dashing through a 34-lot auction in style, Christie’s has entered the November auction week in impressive style, bringing a flurry of sales during its curated “The Artist’s Muse” auction tonight that saw several world records fall, and achieved an impressive tally of over $491 million for the evening, especially considering the 10 lots that failed to sell.

Amedeo Modigliani, Nu Couché (1917-18), via Christie’s (more…)

Willem de Kooning, Untitled XXVIII (1977), via Phillips

Sales resumed for New York’s fall auction weeks yesterday evening, as a Sunday sale at Phillips combined early 20th Century works and contemporary artists in a brisk sale that began strong but stumbled towards the later half of the sale, as 9 of 52 lots ultimately went unsold, achieving a final tally of $66.9 million (just within estimate). (more…)

Pablo Picasso, La Gommeuse (1901), all photos via Sotheby’s

The first week of sales is in the books in New York, as Sotheby’s concluded its Impressionist and Modern Evening Sale last night, following up on a somewhat lackluster sale the prior evening with a briskly paced sale and solid results that lost momentum in the late minutes of the event, ultimately selling 36 of 47 lots for a final tally of $306,712,000. (more…)

Frank Stella, Delaware Crossing (1961), via Sotheby’s

The New York auction weeks are underway in New York, following the conclusion of a lackluster sale at Sotheby’s this evening, where the premier works from the estate of Alfred A. Taubman took the block, spread across a 77-lot auction that saw 8 works fail to find a buyer, including several top lots, while reaching an underwhelming auction tally (given the presale estimate of $500 million) of $377,034,000, with a considerable percentage of works selling well below estimate. (more…)

Peter Doig, Cabin Essence (1993-1994), via Christie’s

The sales have concluded in London tonight, after Christie’s capped a tightly run 54-lot auction that saw a final tally of £35,562,500, with 9 lots going unsold. (more…)

Jean-Michel Basquiat, Untitled (The Black Athlete) (1982), via Sotheby’s

Another evening of auctions sales has come and gone as Sotheby’s concluded its Contemporary Evening Sale in London tonight, a fast-paced event that saw brisk sales and strong interest until the late lots, with 15 works of the 53 lot sale going unsold, and bringing in a total of £36,351,250. (more…)

Cy Twombly, Untitled (2006), via Phillips

The sales have concluded tonight at Phillips London, as the auction house capped a procedural yet impressively consistent outing, seeing a white glove sale where all 36 lots sucessfully found a buyer, bringing a final total tally of nearly £32 million for the night. (more…)

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…)

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…)

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 (more…)

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…)

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…)

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…)

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…)

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…)

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…)

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.

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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…)

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…)

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…)

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.

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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…)