Global contemporary art events and news observed from New York City. Suggestion? Email us.

AO Onsite Auction Results – London: “Looking Closely” Auction at Sotheby’s Brings in £93.5 million ($150.5 million) Against High Estimate of £54 million; Bacon Tryptic is Top Lot, Record Set for Dali

Thursday, February 10th, 2011


Francis Bacon, Three Studies for Portrait of Lucian Freud, 1964 (est. £7–9 million, realized £23 million), via Sothebys.com

This evening’s Sotheby’s 60-lot auction of works from the collection of Geneva-based collector George Kostalitz brought in an astounding £93.5 million against a high presale estimate of £54 million. All sixty works were sold, and lot after lot exceeded expectations during the most exciting of this week’s auctions. Fetching £23 million against a high estimate of £9 million, Francis Bacon’s Three Studies for Portrait of Lucian Freud was the top lot and is believed to have been bought by Cologne-based dealer Alex Lachmann.


Tobias Meyer conducting the “Looking Closely” auction at Sotheby’s London on Thursday evening, photo by Art Observed

more images and story after the jump…

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AO News Summary – Russian Billionaire Roman Abramovich buys St. Petersburg Island for Art Collection/Museum

Thursday, December 9th, 2010


New Holland Island, via architettura.it

Adding to an assortment of yachts and football clubs, Roman Abramovich has purchased the entire New Holland Island in St. Petersburg. For nearly $400 million, island plans center around a museum complex – complete with hotels and shopping – to house a portion of the Russian oligarch’s extensive art collection. Among the collection are such high profile pieces as Francis Bacon‘s 1976 “Triptych” and Lucian Freud‘s 1995 “Benefits Supervisor Sleeping,” for which Abramovich paid record-setting prices at Sotheby’s New York and Christie’s, respectively, on an extravagant pair of back to back evenings in 2008.

More story after the jump…

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AO Auction Results – London: Sotheby’s Oct. 15th Contemporary Art & 20th C Italian Art Bring In Combined Total of 30.4 million GBP

Friday, October 15th, 2010


Andy Warhol, Diamond Dust Shoes, 1980 (est. 1.3 -1.6 million GBP, realized 1,553,250 GBP), via Sothebys.com

Sotheby’s Contemporary Art Evening Auction in London today brought in 13.3 million GBP against a low presale estimate of just under 10 million GBP.  Of the 39 lots offered for sale, 4 were bought in, 15 lots sold above their high presale estimates, and 2 works sold for under their low presale estimates. Andy Warhol‘s Diamond Dust Shoes, never before seen at auction, realized 1,553,250 GBP against a high estimate of 1.6 million GBP and was the highest earning lot of the night.


Lucio Fontana, Concetto Spaziale, Attese, 1965 (est. 1.5-2 million GBP, realized 2,281,250 GBP), via Sothebys.com

more images and story after the jump…

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AO Auction Results: Christie’s sale of Artwork and Ephemera from Lehman Brothers fetches a further $2.6 million for the collapsed bank’s creditors in London, September 29th, 2010

Wednesday, September 29th, 2010


The Lehman Brothers corporate sign enters Christie’s, London. Image via the NY Times.

Two years after Lehman Brothers filed for bankruptcy, the art that once decorated its offices is continuing to be sold off as part of their effort to repay creditors. Today, “artwork and ephemera” which once hung in the defunct bank’s European headquarters fetched £1,631,238 ($2,573,685) in a mammoth 6-hour sale at Christie’s in London. Today’s auction follows the September 25th sale at Sotheby’s in New York that raised $12.3 million.

The auction attracted over 1,100 registered bidders from around the world, including a record 330 clients who registered to bid via the internet using Christie’s LIVE. Many former Lehman employees were present for the bidding, one former staffer told AFP before the sale “It’s a memory I want. It was a sad end to it all but I had a lot of good times there, it was where I started off my career.”


Atomists – Jump over, Gabriel Orozco. Estimate: £60,000 to £80,000. Price Realized: £99,560 ($157,305)

More text, images and related links after the jump….
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AO News Summary: Jerry Hall, Model and Ex-Wife of Mick Jagger, Will Send 14 Works To Auction At Sotheby’s London Contemporary Art Sale in October

Wednesday, September 8th, 2010


Lucian Freud, Eight Months Gone, 199700–>

Jerry Hall, the American model and ex-wife of legendary rocker Mick Jagger, will send 14 works from her collection to auction next month at Sotheby’s Contemporary Art Sale in London. Hall’s lots are estimated to fetch at least £1.5 million, and include works by Lucian Freud, Andy Warhol, Damian Hirst, Robert Graham, Ed Ruscha, Francesco Clemente, R.B. Kitaj, and Frank Auerbach.

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Go See – Paris: Lucian Freud L’Atelier at the Centre Pompidou through July 19th 2010a

Sunday, April 25th, 2010


Reflection with Two Children (Self-Portait) (1965) by Lucian Freud, via FT

I want to paint to work as flesh. As far as I am concerned the paint is the person.” -Lucian Freud

Currently on view at the Centre Pompidou in Paris is a major retrospective of work by Lucian Freud. Now 88 years old, Freud is among one of the world’s greatest living artists. His work was last shown at the Pompidou Centre in 1987 during his last retrospective at the museum. The exhibition presents a great selection of Freud’s work including around fifty large format paintings mostly from private collections together with various prints and drawings as well as photographs from the artist’s studio. The theme of the exhibit is the artist’s studio, the place which is most important to Freud and the creation of his art.

More text and related links after the jump….
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AO Auction Preview – London: The January Post-War and Contemporary Auctions Begin at Sotheby’s

Monday, February 8th, 2010


Self-Portrait with a Black Eye, Lucian Freud. Estimate: Image via Sotheby’s

Sotheby’s auction house will kick off this week’s major round of contemporary sales in New York with an 80 lot sale that is expected to realize in excess of £32 million on Wednesday, February 10. Christie’s expect to fetch at least £26,290,000 from 52 lots at their evening sale on Thursday, February 11. In November, Sotheby’s Postwar and Contemporary Sale in New York marked a major turning point in art market history when Andy Warhol’s 200 One Dollar Bills, sold for $43,762,500 over an estimate of $8-12million. The coming week could therefore be seen as an important one in establishing price-levels in a still relatively undetermined contemporary art market – the area most heavily effected by the global recession.  The many heavyweight pieces on offer this week undoubtedly reflect a confidence in sellers resulting from November’s impressive sale – the sales are spearheaded by important and rare works by Peter Doig, Yves Klein, Lucian Freud, Gerhard Richter, Chris Ofili, Neo Rauch and Martin Kippenberger. Contemporary week also falls in the wake of the incredible $104.3 million sale of Giacometti’s “L’homme qui marche I” (The Striding Man I) at Sotheby’s that set a new world record by becoming the most expensive work of art ever sold at auction. This week overall, Sotheby’s and Christie’s expect to bring in at least $365.3 million combined, $144.6 million in 2009, up from $332.5 million in February 2008.

More text, images and related links after the jump….

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AO On Site Auction Results – London: Christie’s Post-War & Contemporary Art Evening Sale Friday October 16th, exceeds expections of conservative estimates

Saturday, October 17th, 2009


Paris Bar, Martin Kippenberger

To celebrate Frieze Art Fair, currently underway in London’s Regent’s Park, Christie’s auction house held a series of auctions selling Post-War and Contemporary Art – the most notable of which occurred last night, October 16, and saw many record-breaking sales. The presale estimate for the evening auction was £6.8 million and in the end all but 1 of the 25 contemporary works sold, totaling £11.2 million.  It is of course relevant to note that the totals are down incredibly from last year’s estimates of  £57.8 million – £75.6 million for Christie’s Contemporary Art Evening Sale in London on Sunday, October 19th of last year.  That said, the leading highlights included significant works by Peter Doig, Martin Kippenberger, Damien Hirst, Gerhard Richter, Neo Rauch, Dash Snow, Pino Pascali and a rare, early rediscovered drawing by Lucian Freud. All sale totals stated in this article include buyer’s premiums and come directly from Christie’s official website or courtesy of The Baer Faxt.


Stellwerk (Signal Box), Neo Rauch

Related Links:
Christie’s Homepage
Christie’s Sells $18.3 million, Lures Buyers with Low Estimates [Bloomberg]
Sotheby’s and Christie’s Auction Within Estimates [Reuters]
Auction Reports: post-war and contemporary art [The Art Newspaper]

More text and images after the jump….
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Go See – Washington, DC: ‘PAINT MADE FLESH’ at The Phillips Collection through September 13, 2009

Sunday, July 12th, 2009


Jenny Saville’s Hyphen, 1999, part of Paint Made Flesh at The Phillips Collection.

“Paint Made Flesh,” a series of 43 oil paintings that focus on the human body, is showing at The Phillips Collection through September 13.  Featured artists incude Pablo Picasso, Leon Golub, Ivan Albright, Cecily Brown, David Park, Philip Guston, and more.  “At times when figure painting was considered outdated,” comments Assistant Curator Renee Maurer, these and other artists included in the show “continue to explore the expressive potential of the painted human body.”

Related links:
Current Exhibitions at the Phillips Gallery
Paint Made Flesh
“Paint Made Flesh” Survey opens at The Phillips Collection in Washington, DC [Art Knowledge News]
“Paint Made Flesh” Is More Than Skin-Deep [Washington Post]
“Paint Made Flesh” : Modern Bodies, Naked Eyes [NPR]


John Currin, Hobo (1999), via NPR.

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Don't Miss: Women, A Loan Exhibition from the Collection of Steven and Alexandra Cohen at Sotheby's New York, through April 14

Thursday, April 9th, 2009

Robert Rauschenberg and Susan Weil, Untitled (Sue), 1950, Via Frankfurter Allgemeine

Currently on view at Sotheby’s New York for the first time and for a short time only is a selection of works from the collection of Steven and Alexandra Cohen.  The exhibition consists of twenty pieces by masters of the modern period, such as Picasso, de Kooning and Warhol, and leading contemporary artists, dealing with women as subject matter.   Other artists represented in Women are: Edvard Munch, Paul Cézanne, Henri Matisse, Amedeo Modigliani. Robert Rauschenberg and Susan Weil, Yves Klein, Gerhard Richter, Cindy Sherman, Lucian Freud, Richard Prince, Marlene Dumas and Lisa Yuskavage.

Sotheby’s New York
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Women: A Loan Exhibition from the Collection of Steven and Alexandra Cohen
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1334 York Ave, New York,
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10th floor
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April 2 – April 14, 2009

RELATED LINKS

Exhibition Page and Press Release [Sotheby’s]
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NY Times Carol Vogel Previews the Exhibition [New York Times]
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Steven Cohen’s Rise as a Collector [The Independent]
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MAO Critiquing Cohen’s Motives [MAO]
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NY Mag Examines Cohen’s Motives [New York Magazine]
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The Exhibition in the Light of the Art Market [Wealth Bulletin]
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Speculations on the Exhibition [ArtForum]
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Speculations on the Exhibition II [ArtInfo]
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Speculations on Cohen’s Motives [Bloomberg]
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Exploring Cohen’s Motives [Luxist]
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Preview of the Exhibition
[Bloomberg]

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Newslinks for Tuesday, February 24, 2009

Tuesday, February 24th, 2009


Richard Serra’s Equal Parallel: Guernica-Bengasi, 1986, returned to El Museo Nacional Centro de Art Reina Sofia, Madrid via Art Daily

Missing Sculptures by Richard Serra are replaced at El Museo Nacional Centro de Arte Reina Sofia [ArtDaily]
How Art Capital Group is providing liquidity backed by significant fine art
[The New York Times]
A new book on the world’s largest unsolved art theft, the Gardner Museum Heist [Wall Street Journal]
A new Julian Schnabel-designed steak house back room?
[NYMag]
The Moscow Art Fair has been postponed
[Bloomberg]


A still from the Marcel Dzama video via Pitchfork

Animated Marcel Dzama for NASA’s video [TheWorldsBestEver]
The Prado’s conclusion that Colossus is not a Goya is brought into question
[Wall Street Journal]
How the Brooklyn Museum’s Shelly Bernstein expands the institutions presence via internet outreach [New York Observer]
Francis Bacon, and a new exhbition in the unlikely city of his death [New York Times]
An agreement reached with further clarifies the collection boundaries between the UK’s National Gallery and the Tate
[Guardian UK]


Assume Vivid Astro focus via the TheMoment

Assume Vivid Astro focus collaborates with the New York Times [TheMoment]
The last days of Soho’s Guild and Greyshkul gallery
[New York Times]
A detailed new report on the growing impact of China, Russia, India and the Middle East in the global art market [ArtDaily]
How the fall of the art boom is useful to trim the movement of blockbuster art to the only fleetingly interested masses
[Newsweek]
Mega dealer David Nahmad on the market’s rise and fall: “It’s almost a fraud. I would never advise my clients to buy contemporary art.”
[IndependentUK]

Lucian Freud has painted a wine label for Chateau Mouton Rothschild 2006 [Forbes]
Sotheby’s reports $2.8 billion in sales in 2008
[ArtDaily]
UK Government cuts VAT taxes after court rules that video and light art is sculpture in a case involving Dan Flavin and Bill Viola works imported by Haunch of Venison [The Art Newspaper]
How the Whitney recently benefited from the weakness of the corporate system [NYTimes]
The Times UK and Saatchi Gallery begin a top 200 artist survey with results to be announced in May [TimesUK]

Newslinks for Tuesday, November 11th, 2008

Tuesday, November 11th, 2008

Richard Serra via Time

The Economist is long on Richard Serra: “slow-burning Mr Serra will be one of the artists whose work will continue to shine long after he is gone” [TheEconomist]
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The defensive financial strategies art auction houses take during a market downturn
[The Art Newspaper] and in related, financing for fine art is correspondingly receding [Portfolio]
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A look inside the highly specialized art storage business [Financial Times]
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The Tate Modern may have accidentally hung 2 Rothko’s sideways [TimesUK]

The Pollock in question via terisfind.com

Highly controversial supposed Jackson Pollock drip painting is for sale for $50 million in Toronto [CBC]
–>
London’s Colony Room, favored bar of Lucian Freud and Damien Hirst, may close [TimesUK]
–>
50 to 75 Modern and Contemporary German works of art including some by Rosemarie Trockel, Georg Baselitz and Candida Höfer donated to the Busch-Reisinger Museum at Harvard [Artdaily]
–>
Yvonne Force Villareal, sets up an APFlab (“Art Production Fund”) on Wooster street in Soho, New York [NYTimes]

The Bacchae: The Library Theatre, Manchester and on tour

The Independent (London, England) February 21, 1996 | JEFFREY WAINWRIGHT Euripides’ The Bacchae is strong meat, literally. Its dominant image is of dismemberment, animal and then human flesh seized alive and devoured in the furthest reach of frenzy available to human kind.

Now The Library is a nice place, a cosy cup of a theatre, designed less for Bacchanalia than for Spring and Port Wine. Other venues on Kaboodle’s itinerary may suit Euripides better, but interesting as it is to contemplate the startlingly different contexts of ancient Greek and modern theatre, the production does not resolve this fundamental incongruity. For this, the less traditional the performance space the better.

But for all the rawness at its heart, The Bacchae is in no sense a “primitive” play. It is the story of the coming of the disreputable but potent Dionysus to Thebes, determined to prove his lineage as a son of Zeus and claim the honour due to a god. Though despised as a foreigner by the Theban king, Pentheus, Dionysus has captivated the women of Thebes, who, led by Pentheus’ own mother Agave, are now the Bacchae, living in liquid abandon beyond the city walls. Dionysus, himself ambiguously gendered, is lord and liberator of women, and the rapture he engenders transports them from their appointed place into ecstasy. The play’s main conflict is therefore between this liberation and the pursed rectitude of Pentheus.

It appears to be a clash of immutable elements, but Euripides’ psychological subtlety lies in the way Dionysus is able to evoke a prurient interest in the activities of the women in his enemy, and so seduce him from his fixed masculinity. Discovered in his spying, Pentheus is sundered by the Bacchae, his own mother claiming his head as a trophy. The second psychological switch is Agave’s rediscovery of her former mind as the frenzy abates and the contrary face of the Dionysian rapture becomes apparent. go to web site facial hair styles

Happily, the complexity that surrounds Pentheus is presented with nuanced care by Lee Beagley. Softly spoken, he has no crude, tyrannical bluster about him, and he is drawn into his fatal female garments in a gentle swirl of reluctance and surprised pleasure. Kaboodle’s other long-time actor, Paula Simms, takes two of the vitally important “messenger” roles, and her narration, especially the first account of the Bacchae at large, is clearly and characterfully done. This scene also provides the best visual moment, in which the company create a huge beast from a cow’s skull and a vast red curtain, then hunt it down.

Otherwise, Lee Beagley’s staging and Bruce Gallup’s design are disappointing by Kaboodle’s previous standards. The eclecticism of the costumes is unfocused, and a cumbersome piece of revolving stage machinery resembling a sawn- off caboose clutters the action. Eugene Salleh makes a puckish Taras Bulba of Dionysus, but his voice is not sufficiently commanding. Despite the ritual elements, these plays require a tremendous amount of simple, informative speaking, and, Beagley and Simms apart, this is woefully underpowered here. The result is that this great and disturbing play is not nearly disturbing enough.

n On tour to Marlborough, Birmingham, Kendal and Leicester this month, then throughout F} {DD} 21:02:96 {XX} Arts {PP} 8 {HH} Music: Music from the Yellow Shark, Frank Zappa / Ensemble Modern Royal Festival Hall, London {BB} Phil Johnson {TT} The late Frank was sadly unable to appear for this ultimate valediction of his role as a serious composer, but if he had, he would, you think, have taken comfort in the extent to which his facial hair-styles seemed to live on in many members of the audience. The yellow shark of the title lay pinned up behind the stage like a scruffy talisman and an air of expectation lay over the whole of the first, non-Zappa, half of the performance. web site facial hair styles

Opening with three studies by Conlon Nancarrow, the Ensemble demonstrated immediately their masterly grasp of difficult repertoire, the two pianos chattering away as if in binary code while the percussion sectionswapped roles in a see-saw of rhythmic accents, like chopsticks rattling on a plate. Study No 6 was achingly beautiful, the strains of a Mexican lullaby somehow emerging through the convulsive pitter-patter. Varese’s Deserts followed, accompanied by a film by the video artist Bill Viola of underwater point-of-view shots, barren landscapes and, eventually, an interior scene in which a man moved slowly across a room. Meanwhile, the music – part live orchestra, part taped industrial sounds – reached a series of crescendos, matched at the end by a magnificent coup de film, when the man and his furniture were dashed to smithereens. It was difficult, it was pretentious, but it was also very well done, and it matched the accumulating tension and ecstatic release of the music marvellously. So how would Frank live up to that?

Brilliantly, of course. First assembled for a performance at the 1992 Frankfurt Festival, which was partly conducted by the composer, the music is a compendium of Zappa themes that he got up to speed on his trusty synclavier and then printed out as music for the orchestra to learn, the title emerging only as an afterthought. Beginning with a cheesy Star Wars-ish introduction, the Ensemble’s programme mixed and matched movements from the original performance (available almost complete on the excellent Rykodisc album). Echoes of Boulez and Henze, at times rather too plinkety- plonk for comfort, were evident, but much of the music was quite superb, and the closing “G-Spot Tornado” was a tour de force of sustained action and invention. Only in “Bebop Tango,” was there any real Mothers of Invention monkey-business (when the orchestra talked among themselves, loudly) and the concert ended in total adulation. The encore, though, was a bit of a disappointment; hoping maybe for “Peaches En Regalia”, what we got was the Star Wars intro again. But the Zappa-philes went home happy, as they knew they would.

JEFFREY WAINWRIGHT

AO Auction Results: Christie’s “The Modern Age,” the Alice Lawrence and Hillman family collections sell for less than 50% of estimate as Rothko and Manet headliners are pulled

Saturday, November 8th, 2008

Rene Magritte's "L'Empire des lumiéres" (1947) via Christie's

On Wednesday November 5th, Christie’s conducted its sale of the estates of two separate widows (the Alice Lawrence and Hillman family collections) bearing similar works of mostly late 19th and early to mid-20th century pieces, in an auction thus titled “The Modern Age.” These auctions included works by headliners such as Pablo Picasso, Paul Cézanne, Mark Rothko, Fernand Léger, Edouard Manet, Henri de Toulouse-Lautrec, Amedeo Modigliani, Giorgio De Chirico and René Magritte. The event followed the latest Sotheby’s auction for Impressionist and Modern art on Monday (as covered by AO here) which disappointedly totaled $223.8 million against the $338 million low estimate. Additionally, the Modern Age sale corresponded to a particularly steep post-presidential race drop in the public equity markets in which the Dow plunged 486 points.

The auction results were no surprise considering the current tepid environment in the art market: The two collections listed 58 lots, of which 17 did not sell, for a total sale of $47 million, which was less than half of its $104 million low estimate. Christie’s said 51% of buyers were American and 29% European. Though Surrealist lots by Magritte (see image above) and De Chirico (see below) did well, of the lots that were brought in were the most expensive of the sale, notably, Manet’s “Fillette sur un banc/Girl on a Bench,” a 1880 portrait of a girl with a wide-brim hat estimated at $12-18 million (see image below), and Rothko’s “No. 43 (Mauve),” estimated at $20-30 million. Other works by Cézanne, Renoir, and de Kooning also failed to sell.

Bleak Night at Christie’s, in Both Sales and Prices [NY Times]
Art-Market Rout Persists: Rothko Snubbed at Auction [Bloomberg]
Buyers Cool to Private-Collection Art at Christies [Reuters]
Market Forces Bring Fire-Sale Prices for Christie’s “Modern Age” [Art Info]
The Modern Age: Property from the Hillman Family Collection [Art Daily]
Christie’s Wan and Woeful Night [CultureGrrl]
Christie’s Website

more auction results, quotes and images after the jump…

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AO Roundup: 2008 Frieze Art Fair, Sotheby’s, Christie’s and Phillips London Auctions; Art Market Inflection Point Reached

Wednesday, October 22nd, 2008


Duane Hanson’s “Flea Market Lady” staffs Emmanuel Perrotin’s booth at Frieze via New York Magazine

In the midst of perhaps the most spectacular global financial and credit market cave-ins ever experienced, The Frieze Art Fair in London, one of the three largest contemporary art fairs, felt a slowdown in some attendance indicators, sales volume and pricing; a harbinger of similar buyer sentiment reflected in anemic sales totals from all of the three major contemporary art auctions that followed in London over the weekend from Sotheby’s, Phillips and Christie’s respectively. In light of the true magnitude of the global wealth disrupted in recent weeks, overall, the output of the Frieze art fair and the concurrent contemporary art auctions likely could have been worse. The following is a roundup of the news and images looking back from the close of the Frieze fair as well as detailed summaries of each auction.


Takashi Murakami’s “Tongari-Kun” 2004. Though it was headliner of the Phillips Auction on Saturday, it failed to sell. Image via Phillips

Newslinks, images and more on the Frieze Art Fair and on the Sotheby’s, Christie’s and Phillips auctions after the jump…

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The first major post-financial collapse art market event, The 2008 Frieze Art Fair, in London, is on right now.

Friday, October 17th, 2008


Cory Arcangel’s “Golden Ticket” to the 2008 Frieze Art Fair via Artnet

With over 150 galleries, The Frieze Art Fair, set in London’s Regent’s Park, began selling works by over 1,000 artists on October 15. Since its first year in 2003, the Frieze fair has grown to be regarded as the youngest and perhaps the most cosmopolitan and cutting edge of the global fairs, which include Art Basel, Art Basel Miami Beach and the Venice Biennial. The fair, which runs until the 19th of October, and the London auctions that will occur this evening and this coming weekend, mark the first major opportunity for transparency into the the status of the global art market since the widespread financial turmoil began. Following Damien Hirst’s groundbreaking, clearing house, £111.5 million, direct-to-market auction of his own work at Sotheby’s last month (as covered by ArtObserved here) the market has had some clouds brewing over it, with beginning indications of weakness manifesting in events such as Sotheby’s lackluster first evening sale of contemporary Asian art in Hong Kong earlier this month (as covered by ArtObserved here), which sold £7 million against expectations of £30 million to another auction that same weekend in which Sotheby’s sale of modern 20th-century Chinese art left over a third of the lots unsold. More recently, the Singapore Art Auctions were also a dissapointment.

London’s Frieze Prepares for a Chill [Wall Street Journal]
Crisis Imperils U.K. Art Fairs, $183 Million Sales, Dealers Say and Auction Houses Guarantee Top Lots; Dealers See Falling Demand and Paltrow, Saatchi, Zhukova Browse Frieze Art as Sales Go Slowly, Aguilera Parties, Damien Hirst Has a Head Case: London Art Buzz [Bloomberg]
Deep Frieze: UK’s hottest art fair braces itself for the chill of the banking crisis and Prank canvas [GuardianUK]
Frieze Art Fair: Super-rich to cast economic crisis aside and Andy Warhol’s Skulls up for auction [Telegraph]
All the fun of the fairs: the art world gathers for Frieze [Independent]
The Post-Materialist | Frieze Art Fair [TheMoment]
Diary: Frieze Frame [ArtForum]
Frieze Factor [Artnet]
Frieze: First night blur [ArtReview]
Frieze Art Fair 2008 [Frieze Art Fair]

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AO AUCTION PREVIEW: Freud, Warhol, de Kooning, Koons, Murakami at Christie’s Post-War & Contemporary Art Evening Sale, Oct. 19th, Christie’s, London

Wednesday, October 1st, 2008


Desmond by Jean Michel Basquiat, up for auction at Christie’s Post-War and Contemporary Art Auction, via Christie’s

In addition to selling a rare portrait by Francis Bacon, Christie’s October 19 auction catalogue features a long list of post-war luminaries. Several portraits of Mao and Marilyn Monroe by Andy Warhol figure prominently among the auction’s offerings. A sculpture by Jeff Koons, as well as pieces by Jean Michel Basquiat, Gerhard Richter, Richard Prince, Anish Kapoor, Willem de Kooning, Lucian Freud and a plethora of other artists account for the rest of the lots. The priciest of 48 lots is expected to be Lucio Fontana’s canvas, Concetto spaziale, la fine di Dio, which should fetch around £12 million pounds ($21.8 million).

Christie’s: Post-War and Contemporary Art Evening Sale
Christie’s: Press Release for Post-War and Contemporary Art Evening Sale

Fontana work may fetch $21.8 million in Record Christie’s Sale
[Bloomberg]
Bacon Portrait Expected to Sell for £7.5 million at Christie’s Auction in October [ArtObserved]

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Newslinks For Wednesday August 27, 2008

Wednesday, August 27th, 2008


Terence Koh at his Chinatown studio via BlackBook

Terence Koh’s “personal” fashion style [Blackbookmag]
15 years of Contemporary public art: Jeff Koons to Rachel Whiteread [New York Times]
Damien Hirst opening retail store next to Sotheby’s, London [Bloomberg]
More on Myra Hindly minor scandal [Guardian], previously covered here [AO]
Sotheby’s Australia fine art auction sold only 49% of its inventory [Art Market Monitor]
Hirst’s $100M Skull begins its world tour in…Amsterdam [NYSun]
Lucian Freud portrait model destroys £17M + painting [Dailymail]

Newslinks: Saturday July 12, 2008

Saturday, July 12th, 2008


Snow Scene at Argenteuil 1875 by Claude Monet (1840-1926) via Guardian

On view at Tate Britain: 18 masterpieces recently bequeathed to British National Gallery, including works by Degas, Freud, Monet, worth roughly $200,000,000 [GuardianUK]
The art/fashion, Vuitton/Richard Prince link in London [Bloomberg]
Mutualart.com’s Top Art Exhibitions for 2008 [Businessweek]
French art thief pleads guilty in botched $4.7M masterworks sale, indictment covered by AO here [NYSun] [AO]
2009 Turner Prize judges announced [TheArtNewspaper]
MOMA buys 3 Jasper Johns works for undisclosed sum (note: 2 years ago a Johns sold for $80M) [NYTimes]

 

 

 

 

AO Auction Results: Christie’s Post-War & Contemporary Art, London, June 30

Thursday, July 3rd, 2008

Naked Portrait with Reflection, Lucian Freud (1980) via Artinfo

Christie’s held its Postwar and Contemporary Evening sale on Monday, June 30th, setting new records and selling 83% of the lots. The four largest sales came from Jeff Koons, Francis Bacon, Lucian Freud, and Andy Warhol. Other artists who were featured in the finely curated sale were Mark Rothko, Gerhard Richter, and Gilbert and George just to name a few. Out of the 48 lots that sold, 30 of them made over $1 million, and the total sale raised $172 million. This is Christie’s best result for a post-war and contemporary art sale in Europe.
Bacon Self-Portraits Fetch $34.5 Million at London Art Auction [Bloomberg]
Koons sculpture highlights record-breaking art sale [APF]
Koons record as London art sales draw to close [Reuters]
Christie’s London Bests Own Contemporary Record [Artinfo]
Record price for Koons sculpture [BBC]
Christie’s Post War and Contemporary Art Sale [Christie’s]
Bacon Triptych Sells for $34.4 Million in London [NYTimes]
Dead Artists Breathe Life Into Auctions [Wall Street Journal]
Koons’s ‘Balloon Flower’ sits in St. James Square before sale at Christie’s June 30th [Art Observed]

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AO Art Basel Wrap Up

Tuesday, June 10th, 2008

partying at the Art Basel via the New York Times

The 39th Annual Art Basel, visited by 60,000 guests over the course of the fair, proved to be a very successful showcase of the world’s most famous artists. Basel, on the Rhine where Switzerland meets France and Germany, created a perfect setting for wealthy collectors, art enthusiasts, and 300 international exhibitors to network and indulge among the most stylish and cultured of the art world.


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Brad Pitt Buys Table at Art Basel; Mittal, Abramovich Browse [Bloomberg]
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The 39th Edition of Art Basel Closes With Outstanding Results [artdaily]
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Ellsworth Kelly, Basking in Basel [New York Times]
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Pre-Partying With the Jet Set of the Art World [New York Times]
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Russians Help Art Basel Shake Economic Woe, Falling U.S. Demand [Bloomberg]
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The Art Fair Explosion and Its Fallout [WSJ]
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In Basel, Contemporary Art Enjoys a Bounty of Friends [NYTimes]
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Picture perfect [Financial times]
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Art Basel, Switzerland, Is On, Right Now [Art Observed]

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Art Basel Update: Lucian Freud Painting Sells for $12 Million to Anonymous Buyer at Art Basel

Friday, June 6th, 2008

Visitors Outside Art Basel in Switzerland via myswitzerland.com

Freud Painting Sells for $12 Million [Bloomberg]
New Freud Paintings Enter the Market [Times Online, UK]
Roman à Clef [artforum]

The painting, titled Girl in Attic Doorway and dating from the mid 1990s, was reserved during much of the fair’s preview yesterday. The work sold today via Freud’s international agent, Acquavella Galleries, for $12 million to a buyer who wished to remain anonymous. This sale follows Russian billionaire Roman Abramovich’s record-breaking purchase of Freud’s Benefits Supervisor Sleeping for $33.6 million at Christie’s last month, making the British painter “the world’s most expensive living artist.”

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Newslinks: Tuesday June 3rd, 2008

Tuesday, June 3rd, 2008

Dasha Zhukova via daylife

26-year old “Dasha” Zhukova building Moscow contemporary space backed by billionaire Roman Abramovich (recent global record buyer of Freud and Bacon) [artinfo]
More on David Byrne ‘playing the building’ in New York [NY mag]
Turner Prize-winner Mark Wallinger may build 164 ft horse in Kent, UK for ‘Angel of the South’ project [Guardian.co.uk]
Christie’s Paris sells Louise Bourgeois spider for record $4.5M [Bloomberg]
A revisit of the Young British Artist Freeze show after 20 years [Guardian.co.uk]

Christie’s London to Offer Rare Bacon and Freud Masterpiece in June

Wednesday, May 21st, 2008


Lucian Freud, Naked Portrait with Reflection
, (1980) via Evening Standard

Following the success of Post-war and Contemporary art sales in New York, Christies has announced they will offer a rare Francis Bacon painting and a Lucian Freud masterpiece for his London auction. These two pieces are considered the most valuable and important works to come up for auction.

Boom for Bacon and Freud [Evening Standard]
Freud Masterpiece and Bacon Triptych Highlight Christie’s London Auction [ArtDaily]

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Roman Abramovich Revealed as $120 Million Buyer of Bacon and Freud

Sunday, May 18th, 2008


Russian Billionaire Roman Abramovich via impactlab

Last week’s contemporary auctions in New York were anchored by two record-setting painting sales.  Lucian Freud’s Benefits Supervisor Sleeping sold at Christie’s for $33.6 million and Francis Bacon’s Triptych sold at Sotheby’s for $86 million.  It has just been reported that billionaire Roman Abramovich was the buyer behind both deals.

Roman Abramovich [Forbes]
Abramovich Brings Home the Bacon (and Freud) [Art Newspaper]
Abramovich Sets Record Art Transfer [Times UK]
Abramovich spends $120 Million [Bloomberg]
Dasha Zhukova to open Russian Gallery [Art Newspaper]
Abramovich Revealed as Freud and Bacon Buyer [Telegraph]
Bacon Tops Biggest Sales at Sotheby’s [ArtObserved]
Freud Sets Records at Christie’s [ArtObserved]
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