Displaying items by tag: Christie's

Christie’s has announced that they will auction 45 works from the estate of the late Austrian actor Maximilian Schell in London, Amsterdam, and Paris, "Salzburger Nachrichten" reported. The film and stage actor died on February 1 of this year at the age of 83.

The sale includes works by Josef Albers, Jean Dubuffet, Franz Kline, Jean Tinguely, and Roy Lichtenstein. Highlights include Albers’ "Study for Homage to the Square: Kind Regards" (1958) which is due to hit the auction block in Amsterdam as part of the Postwar and Contemporary evening sale, and is slated to sell for between €150,000 to €200,000 ($190,000-$250,000).

The Linda Pace Foundation, which is dedicated to the charitable vision of its founder, the late Linda Pace, will sell Gerhard Richter's 1992 painting "Abstraktes Bild (774-4)" on November 12 in New York. The painting, which has been consigned to Christie’s, is expected to fetch between $14 million and $18 million. Proceeds from the sale will help fund an exhibition space to showcase the Linda Pace Foundation’s growing permanent collection to the public. The British architect David Adjaye has been selected to design the building in San Antonio, Texas, where the foundation is based. Additional funds for the space will come from the foundation.

"Abstraktes Bild (774-4)" is a seminal example of Richter’s multi-layered abstract style, which he began exploring in the late 1980s.

A major portrait by Francis Bacon will be one of the highlights of the evening sale of Post-War and contemporary art in New York. Painted in 1960, "Seated Figure" stems from Bacon's total obsession with Velazquez's "Portrait of Pope Innocent X" and stands as an exceptional example of the artist’s painterly practice. It is a rare occasion for a major painting from Bacon's Papal series to be offered for auction, having remained unseen by the public for 35 years before being acquired by its present owner in 1996, "Seated Figure (Red Cardinal)" is a crowning culmination of Francis Bacon’s renowned Papal series. This major work will be on view in London before being sold at auction in New York on November 12th.

Luxuriant swathes of cream, violet, and aquamarine form the Pope’s features, highlighted by delicate gossamer-like sweeps of pure, bright white that form the folds of his silk cloaks.

Christie’s sold 46.9 million pounds ($75.3 million) of postwar and contemporary art at the start of Frieze week in London, as a Gerhard Richter estimated at as much as 10 million pounds failed to find a buyer at the auction.

Richter’s “Netz,” a red, yellow and green abstract painting, was sold after the auction to a private U.S. collector for 5.5 million pounds, Francis Outred, head of postwar and contemporary art, Europe, said at a news conference after last night’s sale.

The 44 works, from the Essl Collection of contemporary art in Austria, produced a total that fell within the auction house’s presale estimated range of 40 million to 56.8 million pounds.

Billionaire money manager Steven A. Cohen is selling a 1958 Franz Kline painting valued at as much as $30 million during the semi-annual auctions of postwar and contemporary art in New York next month, according to two people familiar with the matter.

Christie’s said it will offer Kline’s Abstract Expressionist painting “King Oliver” at its evening sale on Nov. 12, with an estimate of $25 million to $30 million. Cohen, 58, is the seller, said the people, who asked not to be named because the information is private.

American artist Jeff Koons, who is best known for his reproductions of banal objects, has had a monumental year. In addition to a major installation (which closed last month) at 30 Rockefeller Plaza in New York, Koons is the subject of a retrospective at the Whitney Museum of American Art -- the institution’s final exhibit before moving to its new location in the Meatpacking District. The exhibition has been so popular, that the Whitney will stay open for 36 hours before the landmark retrospective closes on October 19. After its run at the Whitney, the Koons retrospective will head to the Centre Pompidou in Paris, where it will coincide with a display of works at the Musée du Louvre that will include examples of the artist’s “Balloon Rabbit,” “Balloon Swan,” and “Balloon Monkey” sculptures.

Beyond the museum world, the Koons craze is now spilling into New York’s fall auction season.

A new exhibition will open at Christie's Mayfair 11 October 2014. "The Bad Shepherd" is a major exhibition exploring the continued influence of Pieter Brueghel the Elder and his artistic dynasty in the 21st century. This is the first exhibition ever to present the work of the Brueghels in dialogue with contemporary art and features many rarely seen works from private collections.

Artists include: Pieter Brueghel the Elder, Pieter Brueghel the Younger, Jan Brueghel the Elder, Marten Van Cleve and Abel Grimmer Peter Doig, Nicole Eisenman, Jeff Koons, Sarah Lucas, Neo Rauch, Thomas Schütte, and Jeff Wall.

According to The Art Newspaper, Christie’s has boosted its seller’s commission in its contracts with consignors. The auction house will now charge 2% of the hammer price of a work that meets or exceeds its high estimate. After the 2% performance fee, Christie’s charges commission using a sliding scale based on a work’s final hammer price.

In order to attract powerful sellers offering blue-chip works, auction houses often waive the seller’s commission for preferred clients. Christie’s new 2% performance fee, which is in addition to the fixed buyer’s premium (the percentage of the hammer price paid by the buyer), ensures that the auction house will receive a portion of the profits from both sides of a blockbuster sale.

Sotheby’s has announced that it will be selling Jasper Johns’s "Flag" (1983) during the November 11 Contemporary Art Evening Auction in New York. This particular example of "Flag," which is relatively small at approximately 11 x 17 inches and done in encaustic on silk and collaged onto canvas, carries a price estimate of  $15 million to $20 million. (or about $1 million a square inch.) Before the sale, it will go on something of a grand tour, being showcased to collectors in Los Angeles, Hong Kong and London.

In 2010, Christie’s sold a larger version of a Johns flags, nearly 17 x 26 inches, which was also painted much early, circa 1960-1966, for a record price of $28.6 million.

There was a time when glass was a craft. But in recent years it has become something more: an established art form, and an attractive—and affordable—investment.

"Art glass is a great way to begin collecting art because there is so much available at so many price points," says Carina Villinger, head of 20th century decorative art and design at Christie's.

Since the launch of the Studio Glass movement in the 1960s, glass has slowly crossed the species barrier from craft to fine art. Today, examples of glass art include bright colors and arresting shapes, works that resemble paintings in glass, and objects both strange and familiar encased in glass.