Displaying items by tag: record

A flawless D-color diamond weighing 101.73 carats will be offered as part of Christie’s International’s jewelry auction at the Four Seasons Hotel des Bergues in Geneva, Switzerland on May 15, 2013. The pear-shaped gem, which is the largest colorless diamond of such high quality to appear at auction, is estimated to garner about $20 million. An anonymous client is selling the rare stone that was recently cut from a rough diamond weighing 236 carats found at the Jwaneng mine in Botswana. Workers spent 21 months polishing the jewel.

While colorless stones tend to be less desirable than their colored counterparts, the record price for a colorless stone at auction is $21.5 million, which was set by the 76.02 carat cushion-shaped Archduke Joseph Diamond that sold at Christie’s in Geneva in November 2012. The diamond heading to Christie’s in May is not only the largest colorless stone but also a chemically pure Type IIA diamond, which accounts for less than 2% of the world’s diamond production.

The buyer of the pear-shaped diamond will have the honor of naming the extraordinary jewel, securing its identity among the most desirable diamonds in the world.

Although the exhibition Chihuly at the Virginia Museum of Fine Arts closed on February 10, 2013, the show’s success left a lasting mark on the Richmond institution. The exhibition, which opened on October 10, 2013, was devoted to the popular American glass artist and sculptor, Dale Chihuly (b. 1941), who is credited with revolutionizing the Studio Glass movement.

Chihuly at the Virginia Museum of Fine Arts brought a record number of visitors during its nearly four-month run. The show welcomed around 160,000 patrons, far exceeding the 115,000 visitors museum officials were expecting. The exhibition also set records for the museum store where Chihuly Studio editioned glass sculptures and lithographs were for sale. The store sold 69 works priced between $4,600-$8,600 and $2,500-$2,800 between November, December, and January.

The show at the Virginia Museum was the third major exhibition in the U.S. to focus on Chihuly’s work in recent years. He was also the subject of record-breaking shows at San Francisco’s de Young Museum (2008) and the Museum of Fine Arts, Boston (2011).

Christie’s Renaissance and Old Master sales, which ran from January 29-31, 2013 in New York, set a number of important records this week. First, during a sale of works by German Renaissance artist Albrecht Dürer (1471-1528) on January 29, a woodcut titled The Rhinoceros sold for $866,500, setting a record for the artist at auction. The piece, which was completed in 1515, surpassed its presale estimate of $100,000 to $150,000. The auction, which presented 65 works from a private collection, brought $6 million in total.

The auction house’s Renaissance and Old Master sales brought in a total of $88.4 million, the highest total for the series of sales in New York since 2006. Contributing to the auctions’ huge success was a number of groundbreaking sales. Fra Bartolomeo’s (1472-1517) The Madonna and Child brought $12.96 million, the top price paid for the artist at auction. Sandro Botticelli’s (1445-1510) Madonna and Child with Young Saint John the Baptist sold for $10.4 million, also setting a record for the artist at auction. The Botticelli painting had previously been a part of the Rockefeller family’s collection for over 50 years.  

Nicholas Hall, Co-Chairman of Old Masters and 19^th Century Art at Christie’s said, “We are so pleased by the results of this week’s Renaissance sale that we have decided to repeat a themed Renaissance sale in January 2014.” He added that the sales have affirmed, “The strength and enduring appeal of Old Master works of art.”

London’s Tate Modern announced that 5.3 million patrons visited the museum in 2012, a record for the institution. In fact, the number of visitors was up a considerable 9.5 percent from the previous year.

An exhibition devoted to the work of contemporary artist Damien Hirst (b. 1965), which ran from April 4 to September 9, 2012, contributed significantly to the Tate’s record attendance. The show, which featured some of the controversial artist’s best-known works, attracted 463,000 visitors making it the most popular solo show ever organized by the museum. The Tate’s recently opened performance space, The Tanks, also contributed to the increase in patrons. The Tanks, which opened in July, is a permanent space for not only performance, but installations and video art as well.

Tate Modern, which opened in 2000, is Britain’s national museum for modern and contemporary art. Located along the Thames River in the former Bankside Power Station, the museum expects another stellar year. Exhibitions planned for 2013 include a major retrospective of the pop artist Roy Lichtenstein (1923-1997) and a show devoted to Swiss-born painter Paul Klee (1879-1940).

American pop artist Andy Warhol (1928-1987) brought $380.3 million in sales in 2012, exceeding Chinese ink painter Zhang Daqian (1899-1983) as the world’s highest seller at auction. Warhol also surpassed modern master Pablo Picasso (1881-1973) and Gerhard Richter (b. 1932), who holds the record for top living artist at auction.

Warhol’s all-time sales reached $2.9 billion while Picasso, who is regarded as the world’s costliest artist at auction, hit $5 billion. Picasso’s total auction sales for 2012 were down to $334.7 million from $366 million. Officials blame lack of supply for the dip in Picasso sales; while works by Picasso remain in demand, there are currently fewer exceptional pieces on the market. Daqian took an even harder hit than Picasso, slipping from $782.4 million at auction to $241.6, most likely the result of the economic and political uncertainty that pervaded China in 2012, which affected the international demand for Chinese art.

The restructuring that occurred last year knocked Daqian from first to fourth place in terms of selling power, a reflection of the increased demand for western postwar and contemporary works in the art market. A testament to contemporary art’s dominance, auctions in that category raising a record $1.1 billion in November 2012 through sales at Sotheby’s, Christie’s, and Phillips de Pury & Co.

The Louvre, Centre Pompidou, and Musee d’Orsay all reported record attendance numbers for 2012. Recent expansions, newly unveiled renovations, and impressive exhibitions are responsible for beckoning troves of visitors from across the world to the Parisian institutions.

The Louvre, which is the most-visited museum in the world, summons bigger crowds each year. 2012 marked the largest attendance figures ever recorded for the institution with nearly 10 million visitors this year. Expanded Islamic art galleries and a spate of well-received temporary exhibitions were of particular interest to visitors. In fact, they helped boost attendance 29-percent from 2011. Exhibition highlights at the Louvre in 2012 included a show devoted to Thomas Cole (1801-1848) and the birth of American Landscape painting, the presentation of Leonardo da Vinci’s (1452-1519) masterwork, The Virgin and Child with Saint Anne, and an exhibition of Raphael’s (1483-1520) later works, which he produced in Rome.

The Centre Pompidou, which specialized in modern and contemporary art, welcomed over 3.8 million visitors in 2012, a 6-percent increase from 2011. The Centre Pompidou held three major retrospectives this year, which helped raise visitor numbers. An exhibition devoted to Henri Matisse (1869-1954) titled Matisse, Paires et séries brought 495,000 visitors; a Gerhard Richter (b. 1932) retrospective brought 425,000; and a show of Spanish surrealist Salvador Dalí’s (1904-1989) works has seen approximately 6,700 visitors per day since it opened on November 21.

After attendance figures declined from 2008 to 2010, it appears that the Impressionist institution, the Musée d’Orsay, has bounced back with 3.6 million visitors this year. A 15-percent increase from last year, the boosted attendance numbers were likely the result of the reopening of renovated gallery spaces and a major Edgar Degas (1834-1917) exhibition, which brought 480,000 visitors. The current exhibition, Impressionism and Fashion, is expected to see 500,000 guests before closing on January 21, 2013.

When Jane Cordery, an art teacher in Hampshire, England discovered a portrait of a white owl in her attic, she was struck by the painting’s sophisticated brushwork. Upon her unearthing, Cordery decided to email a photo of the work to Christie’s in London.

The auction house determined that the painting, titled The White Owl (1856) was the work of pre-Raphaelite artist William James Webbe (fluent 1953-1878) and valued the painting at $113,449. Further research proved that The White Owl had been exhibited at the United Kingdom’s Royal Society during the mid-nineteenth century. It was here that famed art critic, John Ruskin, viewed the work and remarked on its painstaking composition.

The Webbe painting headed to Christie’s Victorian art sale last week and sold for $951,050, exceeding its estimated price and setting the record for the artist at auction. An anonymous British dealer purchased The White Owl at the Christie’s sale. While Cordery claims she had never seen the painting before, her partner said that he received the work as a gift from his mother.

At Sotheby’s London’s Evening Sale of Old Master & British Paintings on December 5, a rare drawing by Raphael set a new record for the artist at auction. A masterpiece in black chalk, Head of a Young Apostle (circa 1519-20), has been part of the Devonshire Collection at Chatsworth since 1720 and features one of the key figures in the artist’s final work, Transfiguration, a celebrated painting from the Renaissance, which is now in Rome’s Vatican Museum.

Amid a considerable amount of bidding both in the auction room and on the telephone, Head of a Young Apostle sold for $47.8 million, nearly three times the drawing’s low estimate of $16 million to $24 million. Gregory Rubenstein, Worldwide Head of Old Master Drawings at Sotheby’s, said, “A number of the world’s greatest collectors stepped up tonight in recognition of the genius of Raphael and the extraordinary beauty of this drawing.”

The sale proves that the market is still prime for Old Master works. Head of a Young Apostle is one of three exceptional Raphael drawings to appear at auction in the past 50 years; each work has set an all-time sale record for an Old Master drawing. This particular sale is the highest price paid at a European auction in 2012 and is the second highest Old Master sale to date. The first is Peter Paul Rubens’ Massacre of the Innocents, which sold for $76.7 million at Sotheby’s in 2002.

Sotheby’s Old Master sale realized almost $94 million and sold 74.5% by lot.

The back-to-back American art auctions that took place at Christie’s and Sotheby’s this week both garnered impressive numbers. The auction at Christie’s on November 28 set the bar high when it reached $38,469,650 in sales. However, Sotheby’s followed up strong and achieved a total sale of $27,608,500, exceeding the high estimate of $24,158,000. Franklin Riehlman, owner of Franklin Riehlman Fine Art in New York City said, “Prices at Sotheby’s were nice and strong. Christie’s had a phenomenal sale and Liz Sterling has done a wonderful job reconstructing the department.” Elizabeth Sterling was appointed the head of American art at Christie’s earlier this year.

The top lot at Christie’s was Edward Hopper’s October on Cape Cod (1946), which went for $9.6 million and set a new record for the most expensive item sold to an online bidder. The oil painting, which features a house and small barn from a distance, is one of the last works by Hopper remaining in private hands. Other solid sales were Charles Burchfield’s Golden Dream (1959), which brought $1,202,500; Stuart Davis’ City Snow Scene (1911), which also reached $1,202,500; and Martin John Heade’s Hummingbird Perched on the Orchid Plant (1901), which brought $1,802,500.

Georgia O’Keeffe fared well at both auctions and took the top two lots at Sotheby’s; both plant paintings, Autumn Leaf II (1927) realized $4,282,500 and A White Camellia (1938) brought $3,218,500. “O’Keeffe did very well,” said Riehlman. “There was a lot of bidding.” An O’Keeffe painting titled Sun Water Maine (1922) also reached the second highest price at Christie’s when it realized $2,210,500, exceeding the high estimate of $1,500,000.

Norman Rockwell continued to perform well at Sotheby’s and two paintings exceeded their high estimates when The Muscleman (1941) sold for $2,210,500 (high estimate: $800,000) and Doctor and Doll (1942) reached $1,874,500 (high estimate: $700,000). Other impressive sales included Alfred Jacob Miller’s Caravan En Route [Sir William Drummond Stewart’s Caravan] (circa 1850), which went for $1,762,500 and Arthur Dove’s Town Scraper (circa 1933), which realized $1,258,500.

“The market for early modernists seems very strong,” said Riehlman. “Older works didn’t do as well. Cassatt and Prendergast are spotty, but 15 years ago every Cassatt would have sold.” Out of the one Mary Cassatt work offered at Sotheby’s and two present at Christie’s, not a single piece sold. Similarly, Maurice Prendergast’s one painting offered by Sotheby’s, Park Street Church, Boston (circa 1905-07), failed to sell and at Sotheby’s, Picnic Party (circa 1900-03) didn’t quite reach its low estimate of $300,000 when it sold for $290,500 and New Hampshire (circa 1910-13) just broke its low estimate of $40,000 when it realized $43,750.

“Both houses are being very selective in terms of traditional 18^th and 19th century materials,” said Riehlman. Buyers are much more likely to make significant purchases when the majority of works are top-quality. Despite the declining interest in older works, there was a lot of action at both sales. Riehlman was planning on buying Marvin Cone’s Stone City Landscape (1936), which realized $752,500, a record for the artist. “It went like a freight train right by me,” he said, a testament to just how eager buyers were this week.  

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.