|
Displaying items by tag: Christie's
Christie’s evening sale of Old Master & British Paintings, which took place on July 2, 2013 in London, garnered $36.2 million and attracted buyers from 11 countries. Georgina Wilsenach, Head of Old Master & British Paintings at Christie’s London, said, “This sale saw strong prices for paintings from all schools particularly Italian, Flemish and British. We welcomed, once again, bidders from Asia, the Middle East, South American and Russia as well as the traditional markets of Europe and America.”
Canaletto’s (1697-1768) masterpiece, The Molo, Venice, from the Bacino di San Marco, was the evening’s top lot. The work, which is one of the artist’s most celebrated views of Venice, realized $12.8 million, well over its high estimate of $8.9 million. The painting, one of the largest of this particular subject, once belonged to Edward Howard, the 9th Duke of Norfolk and a major patron of British art. The work was passed down through the Duke’s family until the 1970s.
Other highlights from the sale included Peter Paul Rubens (1577-1640) detailed study of a bearded man’s head in profile holding a bronze figure. Created after the artist had returned to Antwerp from Italy, the composition depicts one of the kings featured in Rubens’ monumental Adoration of the Kings (1616-17), which was painted for the Church of Saint John in Mechelen. The study brought $2.6 million, just over its low estimate of $2.2 million.
Jean-Michel Basquiat’s (1960-1988) neo-expressionist painting Untitled (1982) sold for $29 million at Christie’s in London on June 25, 2013, surpassing its pre-sale estimate of $24.7 million. The work, which was acquired by the seller for $1.7 million in 2002, sold to a telephone bidder. Untitled was painted in the same year as Dustheads, the Basquiat painting that sold for $48.8 million in May 2013, setting the record for the artist at auction.
Other highlights from the Post-War and Contemporary art sale included Roy Lichtenstein’s (1923-1977) Cup of Coffee (1961), which sold for $4.2 million and exceeded its $3 million high estimate; Willem de Kooning’s (1904-1997) uncharacteristically serene Untitled XXVIII, which brought $4.4 million, well past its high estimate of $3.5 million; and Yves Klein’s (1928-1962) SE 181 (1961), a sculpture in the artist’s signature blue hue, which garnered $4.1 million, surpassing its high estimate of $2.7 million. However, not all lots fared so well. Andy Warhol’s (1928-1987) Colored Campbell’s Soup Can (1965) failed to meet its low estimate of $3.4 million due to its unpopular color palette. Steven S. Cohen, the disgraced founder and CEO of SAC Capital Advisors LP, previously owned the work.
Overall, the sale realized a total of $108.4 million and sold 90% by value and 80% by lot. Francis Outred, International Director and Head of Post-War & Contemporary Art, said, “Overall the auction showed an intelligent, solid market and a depth of global bidding, which is a testament to the worldwide interest in Post-War and Contemporary art.”
Christie’s Impressionist & Modern Art Evening Sale took place on June 18, 2013 in London. The sale garnered $100.4 million and sold 84% by lot and 87% by value. The top lot of the night was Wassily Kandinsky’s (1866-1944) Studie zu Improvisation 3 (1909), which sold for $21.1 million, a few million shy of its $24.7 million high estimate. The painting is from the artist’s renowned “Improvisation” series, which signaled his transition into abstraction. Many of Kandinsky’s works from this period reside in museum collections.
Other highlights from the sale include Amedeo Modigliani’s (1884-1920) portrait of the art dealer Paul Guillame (1916), which brought $10.6 million; Pablo Picasso’s (1881-1973) Femme assise dans un fauteuil (1960), which sold for $9.5 million; Claude Monet’s (1840-1926) landscape painting Sainte-Adresse (1873), which garnered $4.4 million; and Auguste Rodin’s (1840-1917) iconic marble sculpture Eve après le péché (1900-1915), which earned $4.4 million. Records were set for Constantin Brancusi (1876-1957) and Eugène Boudin (1824-1898).
Jay Vincze, International Director and Head of Impressionist and Modern Art at Christie’s London, said, “There was great depth of bidding on works of high quality at all price levels, with strong participation from many new and existing collectors from both traditional and growth markets.”
A multimillion-dollar art collection built by poet T.S. Eliot’s widow, Valerie, will be sold at Christie’s London on November 20, 2013. The collection includes works by Francis Bacon (1909-1992), Lucian Freud (1922-2011), and J.M.W. Turner (1775-19851). Ms. Eliot, who passed away in November at the age of 86, amassed her collection using royalties from Andrew Lloyd Webber’s music Cats, which was based on her husband’s whimsical poetry collection Old Possum’s Book of Practical Cats. Ms. Eliot’s collection, which resided in the London home she shared with her husband, is expected to garner around $7.6 million.
Highlights from the collection include drawings and watercolors by 18th and 19th century British artists including Turner, Thomas Gainsborough (1727-1788), and John Constable (1776-1837); a sculpture by Henry Moore (1898-1986); and a lush landscape titled The Cathedral, Hackwood Park by Winston Churchill (1874-1965). There will also be portrait miniatures from the 16th through the 19th centuries, furniture, and jewelry for sale.
Proceeds from the Christie’s auction will benefit the Old Possum’s Practical Trust, an arts charity created by Ms. Eliot.
Christie’s London will offer a Rococo coffee-pot by Paul de Lamerie (1688-1751), the most celebrated British silversmith of the 18th century, as part of its Exceptional Sale on July 4, 2013. The George II silver coffee-pot, which was commissioned in 1738 by a wealthy London-based merchant, is expected to become the most valuable piece of English silver ever to be sold at auction. The masterpiece was recently the highlight of a British silver exhibition at the Metropolitan Museum of Art in New York.
Lamerie, who began his career in 1703 as an apprentice to the London goldsmith, Pierre Platel (1659-1739), opened his own workshop in 1713 and was soon appointed goldsmith to George I. His work evolved from simple Queen Anne styles to classical French designs, but his ornate Rococo works of the 1730s are his most admired pieces. Lamerie’s illustrious clientele included Sir Robert Walpole, King John V of Portugal, and Queen Elizabeth II, who he made a wedding gift for.
The coffee-pot heading to auction in July is expected to garner approximately $4.5 million.
The American art sale, which took place today, May 23, 2013 at Christie’s in New York, realized $50.8 million, the highest total that the category has seen since May 2008. 99 out of the 135 lots offered sold and 85% sold by value.
The auction’s top lot was Edward Hopper’s (1882-1967) oil on canvas painting Blackwell’s Island (1928), which brought $19.1 million (estimate: $15 million-$20 million). Hopper also took the sale’s second top spot with his watercolor on paper Kelly Jenness House (1932), which sold for $4.1 million (estimate: $2 million-$3 million) and set the auction record for a work on paper by the artist. The Hopper sales reinforced the artist’s continued popularity among buyers and the strong market demand for exceptional Modernist works.
A highly anticipated collection of six paintings by the Wyeth family of artists sold for upward of $2 million. The works by N.C. (1882-1945), Andrew (1917-2009), and Jamie Wyeth (b. 1946) were put up for sale by New Jersey-based businessman and avid collector of the Wyeths’ works, Eric Sambol. The highlight of the collection was N.C. Wyeth’s Norry Seavey Hauling Lobster Traps Off Blubber Island (1938), which garnered nearly $844,000.
Other significant sales from the auction included Norman Rockwell’s (1894-1978) Starstruck (1934), which brought over $2 million, exceeding its high estimate of $1.2 million, Georgia O’Keeffe’s (1887-1986) My Back Yard (1943), which was purchased by the Cincinnati Art Museum for $1.8 million (estimate: $1 million-$1.5 million), George Bellows’ (1882-1925) Splinter Beach (1913), which achieved $1.2 million (estimate: $500,000-$700,000), and Sanford Robinson Gifford’s (1823-1880) Tappan Zee (1879-80), which sold for $1.1 million (estimate: $200,000-$300,000).
After a whirlwind of auctions last week in New York, which included a historic $495 million post-war sale at Christie’s, Phillips’ Contemporary Art Evening Sale on May 16, 2013 seemed quite subdued. The boutique auction house’s sale garnered $78.6 million and sold 81% by lot and 88% by value.
The highlight of the night was Andy Warhol’s (1928-1987) Pop Art masterpiece, Four Marilyns (1962), which sold for $38.2 million. The sale confirmed that Warhol remains a powerful presence in the art market. During the auction two other Warhol works were sold -- Flowers (1964), which brought $2.4 million and Marilyn Monroe (Marilyn) (1967), which sold for upward of $2 million. Other major sales that night included Jean-Michel Basquiat’s (1960-1988) Untitled (1961), which garnered over $4 million and Roy Lichtenstein’s (1923-1997) Still Life (1972), which also sold for upward of $4 million.
Phillips has undergone a number of changes in the past year. Following the departure of Chairman Simon de Pury in December 2012, the company changed its name from Phillips de Pury & Co. to Phillips. In February 2013, the auction house revealed 10,000-square-feet of new gallery space at the company’s headquarters on Park Avenue in Manhattan. The expansion was an attempt to compete with the major auction houses such as Sotheby’s and Christie’s.
Christie’s Post-War and Contemporary Evening Art Auction on May 15, 2013 in New York garnered $495 million – the highest total in auction history. Packed with masterpieces from an array of important art movements including Abstract Expressionism and Pop, many of the works offered were from lauded private collections and institutions. Brett Gorvy, Chairman and International Head of Post-War and Contemporary Art, said, “The remarkable bidding and record prices set reflect a new era in the art market, wherin seasoned collectors and new bidders compete at the highest level within a global market.”
The top lot of the night was Jackson Pollock’s (1912-1956) Number 19, 1948 (estimate: $25 million - $35 million). A prime example of Pollock’s drip paintings, the work sold for $58.3 million and set the record for the artist at auction. The influential art critic, Clement Greenberg, singled our Number 19 as the painting that offered enough proof to justify calling Pollock one of the most significant painters of our time.
Other highlights include Roy Lichtenstein’s (1923-1997) iconic work of pop art, Woman with Flowered Hat (1963) (estimate: approximately $30 million), which sold for $56.1 million and set the record for the artist at auction; Jean Michel-Basquiat’s (1960-1988) Dustheads (estimate: $25 million - $35 million), a neo-expressionist work from the 1980s, which sold for $48.8 million, an auction record for the artist; and Mark Rothko’s (1903-1970) color field painting, Untitled (Black on Maroon) (1958) (estimate: $15 million-$20 million), which sold for $27 million.
Out of 70 works offered at last night’s auction, only 4 failed to find buyers.
Sotheby’s evening sale of Contemporary Art, which took place on Tuesday, May 14, 2013 in New York, saw a number of exceptional works sell for record-breaking prices. The night’s top lot was Barnett Newman’s (1905-1970) Onement VI, an iconic Abstract Expressionist painting, which garnered $43.8 million. The work exceeded its high estimate of $40 million and set an auction record for Newman. The dark blue canvas, which measures 8 ½ feet x 10 feet and is sliced down the middle by a pale blue streak, is a remarkable example of Newman’s association with abstract expressionism as well as color field painting.
Other highlights from the sale included Gerhard Richter’s (b. 1932) oil painting of Milan’s cathedral square, Domplatz, Mailand (estimate: $30 million-$40 million), which sold for $37.1 million and set a record for Richter as well as for any living artist at auction; a sculpture by Yves Klein (1928-1962), which sold for $22 million and broke the record for the artist at auction; and Clyfford Still’s (1904-1980) PH-12, which was estimated to sell for $16 million to $20 million and ended up going for $20.9 million.
Although there were a number of high-profile sales, the auction was not without some failures. Francis Bacon’s (1909-1992) Study for Portrait of P.L., which was expected to bring $30 million $40 million didn’t find a buyer. Two works by Jeff Koons (b. 1955) also failed to sell.
The auction happenings will continue in New York at Christie’s, where Post-War and Contemporary sales will be held through the afternoon of Thursday, May 16, 2013.
When Steven Brooks, a collector of Old Master paintings, purchased Louis-Michel van Loo’s Allegorical Portrait of a Lady as Diana Wounded by Cupid from Sotheby’s in 2004, he was unaware that the work was once owned by the German war criminal Hermann Goering. After it surfaced that Nazis possibly looted the work, Brooks deemed the painting worthless and decided to sue Sotheby’s for not thoroughly researching the work’s provenance.
The painting’s problematic past was revealed when Brooks tried to sell the painting at Christie’s in 2010. Specialists at the auction house discovered that Goering had purchased the painting in 1939, leading Christie’s to decline the offer to sell Portrait of a Lady on behalf of Brooks. Brooks’ lawsuit claims that Sotheby’s also refused to auction the work and won’t refund the nearly $90,000 he spent on the painting in 2004.
While there is no solid proof that the work was looted by Nazis, the uncertainty surrounding the painting makes it unsalable and in turn, monetarily worthless. Sotheby’s 2004 catalogue lacked any information on the painting between 1906 and 1987 and Christie’s was unable to determine anything other than the fact that Goering once owned the work. It is typical for private dealers to avoid works whose ownership cannot be traced between 1933, when the Nazis came to power, and 1945, when World War II ended, because of potentially problematic provenances.
There are currently no claimants for van Loo’s Allegorical Portrait of a Lady as Diana Wounded by Cupid.
|
|
|
|
|
