Displaying items by tag: jeanmichel basquiat

Christie’s Post-War and Contemporary evening art auction garnered over $127 million on February 14, 2013, the highest total ever for a February sale of its kind at Christie’s London. Out of the 72 lots presented, 65 were sold; the auction total cruised past the pre-sale estimate of $86.8 million to $120.8 million.

The top lot of the night was Jean-Michel Basquiat’s (1960-1988) text-laden acrylic, oilstick, and paper collage on canvas titled Museum Security (Broadway Meltdown) (1983), which sold for $14.5 million. French collector John Sayegh-Belchatowski purchased the work, which carried a third-party guarantee. In 2012, Museum Security was pulled from a Christie’s New York auction after a legal dispute between an owner, the British aristocrat Lord Edward Spencer-Churchill, and dealers, Gerard Faggionato and Alberto Mugrabi, broke out. The case was settled out of court and the work was re-offered at Christie’s last night.

Other highlights from the blockbuster sale include Gerhard Richter’s (b. 1932) Abstraktes Bild (889-14) (2004), which sold to a telephone bidder for $13.2 million; Francis Bacon’s (1902-1992) Man in Blue VI (1954), which was also snapped up by a telephone bidder for $7.8 million; and David Hockney’s (b. 1937) figurative painting Great Pyramid at Giza with Broken Head from Thebes (1963), which went for $5.5 million.

Basquiat, Bacon, and Richter garnered major sales at both Christie’s and Sotheby’s, who’s contemporary sale the night before brought $116 million, proving that the category has not lost its edge in the art market.

Sotheby’s Contemporary Evening Auction in London totaled $116 million on February 12, 2013. The sale featured a number of works by art market powerhouses such as Francis Bacon (1909-1992), Jean-Michel Basquiat (1960-1988), and Gerhard Richter (b. 1932). Bacon’s oil on canvas triptych Three Studies for a Self-Portrait (1980), which sold for $21.5 million, was the evening’s top lot. German collector, Jurgen Hall, who plans to loan the work to a major international institution, purchased the painting.  

44 of the 54 lots offered sold and over 20 works brought more than $1 million dollars. Highlights included two Richter paintings, Wolke (Cloud) (1976) and Abstraktes Bild (769-1) (1992), which sold for $11.9 million and $12.8 million respectively. Basquiat’s Untitled (Pech/Oreja) (1982-83), a large-scale acrylic, oil stick, and paper collage, went for $10. 7 million and another one of his hefty works, Five Fish Species (1983), sold for $7.8 million. Both works were purchased by New York-based art dealer Jose Mugrabi.

While there were some major sales, the auction fell comfortably within its pre-sale estimate of $95.7 million to $132.2 million. The contemporary auctions will continue tonight, Feburary 13, 2013, at Christie’s London.

Jean-Michel Basquiat (1960-1988), an obscure graffiti artist who shot to fame in the 1980s thanks to his Neo-expressionist and Primitivist paintings, is the subject of a major exhibition now on view at Gagosian Gallery in New York. Gagosian first featured Basquiat’s work thirty years ago in its Los Angeles gallery.

Since his untimely death at 27, Basquiat has been given a number of posthumous retrospectives including one at the Whitney Museum of American Art in New York (1992-92) and another at the Brooklyn Museum of Art (2005). The first major show to focus on the artist in eight years, the Gagosian exhibition will present over fifty works from public and private collections that span Basquiat’s short but powerful career.

Basquiat, who left his family home in Brooklyn at 15, became a major figure in New York City’s underground art scene. After making a name for himself as a prolific graffiti artist, Basquiat transitioned to painting and hit his artistic stride. Basquiat befriended Andy Warhol (1928-1987), was the subject of an iconic New York Times Magazine feature, and had become a major art star before his life was cut short due to a drug overdose.  

Basquiat’s works will be on view at Gagosian Gallery through April 6, 2013.

The anxiously awaited event, Art Basel, begins tonight, December 5, with a VIP preview and runs through Sunday, December 9. Now in its 11^th year, Art Basel has become a defining event in the art world and each year the city of Miami is taken over by collectors, curators, artists, celebrities, and art enthusiasts as well as a host of art fairs.

Taking place at the Miami Beach Convention Center, Art Basel features over 260 big-name galleries from around the world and exhibits works by more than 2,000 artists of the 20^th and 21^st centuries. Renowned for its support of young and emerging artists and galleries, Art Basel includes performance art, public art projects, lectures, and video art installations. Some exhibitor highlights include Acquavella Galleries, Mary Boone Gallery, Gagosian Gallery, Hauser & Wirth, Lisson Gallery, and White Cube, among many others.

Regarded as Miami art week’s anchor fair, Art Miami got a head start on Art Basel and hosted a VIP preview on December 4 at the Art Miami Pavilion in the city’s Wynwood Arts District. The fair, which features modern and contemporary offerings from more than 125 international galleries, runs from December 5 through December 9. While Art Basel tends to be spotlighted during Miami’s art week, Art Miami is the original and longest-running contemporary art fair to be held in the area with 23 years under its belt. Exhibitors include Douglas Dawson Gallery, Eli Klein Fine Art, Haunch of Venison, Hollis Taggart Gallery, Jerald Melberg Gallery, Michael Goedhuis, and Waterhouse & Dodd.

This year, Art Miami coincides with the inaugural CONTEXT art fair, which features 50 galleries representing emerging and mid-career artists. Located in an ultramodern pavilion adjacent to Art Miami, CONTEXT boasts indoor and outdoor projects as well as solo artist installations, curated projects, and multimedia exhibits. Between Art Miami and CONTEXT, there will be over 200,000 square feet of exhibition space and over 250 participating galleries.

Another highlight of the city’s art week is Scope Miami, which opened on December 4 with a VIP preview and will run through December 9 at a new location in the midtown arts district. With a 100,000 square foot pavilion, Scope features 20 new galleries as part of its “Breeder Program” and 85 established exhibitors. Besides modern and contemporary art, there will be design, music, and fashion offerings.

Pulse Miami opens to the public on December 6 and runs through December 9 at The Ice Palace Studios. One of Art Basel’s many satellite fairs, Pulse is in its eighth year and features 86 international galleries exhibiting works on paper, paintings, sculptures, performances, installations, and video art. Pulse also includes its signature series, Pulse Projects, a selection of installations proposed by galleries and not-for-profit institutions. This year’s Pulse Projects includes a short film by Zackary Drucker shown earlier this year at MoMA PS1, marble installations courtesy of Venske & Spanle and Margaret Thatcher Projects, and a special screening of street artist Invader’s Art 4 Space, courtesy of Jonathan LeVine Gallery.

While there are countless fairs, events, parties, concerts, and openings happening in Miami this week, one not to be missed affair is the Masterpieces from the Berardo Collection exhibit at the Gary Nader Art Centre. Opening on December 5, the show features pieces from one of the finest modern and contemporary art collections in existence. Hand-picked from the private holdings of Joe Berardo, a Portuguese mogul, the 110 works are worth $500 million. Featured artists include Francis Bacon, Jean-Michel Basquiat, Alexander Calder, Salvador Dali, Marcel Duchamp, Max Ernst, Roy Lichtenstein, Pablo Picasso, Diego Rivera, Cy Twombly, Andy Warhol, and many more.

Phillips de Pury & Company’s Contemporary art auction took place on November 15 in New York and garnered $79,904,500, a seemingly humble amount compared to the $887.5 million auction powerhouses Sotheby’s and Christie’s collectively raked in just days earlier.

A smaller scale auction house than its counterparts, Phillips de Pury offered 37 works, many of which were by younger emerging artists. Dan Colen, Tauba Auerbach, Rashid Johnson, and Sterling Ruby all hit record prices, but the top lot of the night was Andy Warhol’s portrait of Mao Zedong (1973) that sold for its low estimate of $12 million. Another Warhol portrait, this time of Jacqueline Kennedy from 1964, was being sold by Eli Broad and reached $11 million; it was expected to bring $10 million to $15 million. Jean-Michel Basquiat’s Humidity (1982) sold for $9 million, falling considerably behind its low estimate of $12 million. Another Basquiat, Self-Portrait (1982) fared better and brought $4 million, breaking its high estimate of $3.5 million despite having its authenticity questioned earlier in the day.

The auction total landed in the middle of its pre-sale estimate of $73,620,000-$110,730,000. While the edgier offerings from Phillips continued to sell well, works by more established artists brought less impressive prices. While this could be the result of mediocre quality, it is important to remember that tying up a $1 billion auction week is no easy feat.

Christie’s Post-War and Contemporary auction edged out Sotheby’s as the blockbuster sale of the week. Profits reached a walloping $412,253,100 on Wednesday night in New York and only six of the 73 lots went unsold. Beating the pre-sale estimate of $289,350,000-$411,800,000, the auction was the second highest grossing in Christie’s history. The record is currently held by the November 2006 Impressionist and Modern sale that brought $491.5 million. However, last night’s auction was the highest earning sale for the Post-War and Contemporary category to date.

During the course of the sale seven artist records were set and six works sold for over $20 million. Brett Gorvy, Chairman and International head of Post-War and Contemporary Art said, “We curated the sale around the rich variety of quality works and most coveted artists.” Works by these big name artists proceeded to sell for mind-bogglingly astronomical prices.

Andy Warhol’s iconic portrait of Marlon Brando, titled Marlon, (1966) sold for $23,714,500, Roy Lichtenstein’s interior Nude with Red Shirt (1995) brought $28,082,500, and Franz Kline’s seminal Abstract Expressionist painting, Untitled (1957) sold for a record $40,402,500. Other major sales included Warhol’s 3-D Statue of Liberty (1962) that went for $43,762,500, Mark Rothko’s Black Stripe (Orange, Gold and Black) that sold to a telephone bidder for $21,362,500, and Jeff Koons’ stainless steel Tulips (1995-2004) that brought $33,682,500, a new record for the artist. Jean-Michel Basquiat’s Untitled (1981) was expected to bring in big numbers and did not disappoint at $26,402,500, but the piece stayed under its high estimate of $30 million.

Contemporary sales continue tonight at Phillips de Pury.

After a monumental postwar and contemporary auction that totaled $386 million this past spring, Christie’s expects an even bigger sale this November. Taking place November 14–15 in New York, the auction house estimates that the Post-War and Contemporary Art Sale could garner more than $441 million.

The 74-lot evening auction includes Andy Warhol’s Statue of Liberty canvas expected to bring in around $35 million and one of his silkscreens of Marlon Brando estimated at $15-$20 million. Other major draws include Jeff Koons’ balloon tulips for $25 million, a Rothko painting for $15-$20 million, and works by market darlings Alexander Calder, Gerhard Richter, Franz Kline, Ellsworth Kelly, and Jasper Johns. Jean-Michel Basquiat’s Untitled (1981) is expected to set records for the artist with an estimate of $20 million.

Christie’s has already brought in $928 million in contemporary art sales this year.