Auction Blotter: Michael Armitage’s Big Debut, Tschabalala Self Sees 3,400 Percent Return, & Shara Hughes Goes Huge in New York’s Day Sales

Auction Blotter: Michael Armitage’s Big Debut, Tschabalala Self Sees 3,400 Percent Return, & Shara Hughes Goes Huge in New York’s Day Sales

The evening sales may get most of the attention for their flash and eight-figure prices, but it’s the morning and afternoon sessions where the groundwork is laid for the market stars of the future. We poured over the results from last week’s November auctions in New York to pick the lots that stood out at Sotheby’s, Christie’s, and Phillips. (As usual, all prices include the buyer’s premium unless otherwise noted.)

Artnet15 hours ago

Top Ten Artworks for Young Collectors at Phillips Hong Kong’s Autumn Sales

Top Ten Artworks for Young Collectors at Phillips Hong Kong’s Autumn Sales

Phillips’ upcoming Hong Kong Sales of 20th Century & Contemporary Art & Design feature an awe-inspiring selection of Modern, Post-War, and Contemporary artworks.

Larrys List15 hours ago

Sotheby’s Pulls Banksy’s Allegedly Stolen Sculpture ‘The Drinker’ Just an Hour Before It Was Due to Be Sold at Auction

Sotheby’s Pulls Banksy’s Allegedly Stolen Sculpture ‘The Drinker’ Just an Hour Before It Was Due to Be Sold at Auction

A sculpture by street artist Banksy, a riff on Auguste Rodin’s The Thinker said to be worth as much as £1 million ($1.3 million), was pulled from Sotheby’s sale today, just an hour before the auction was due to start.

Artneta day ago

Who Won Auction Week? Here Are 13 Key Takeaways From New York’s Head-Spinning $1.1 Billion Fall Art Sales

Who Won Auction Week? Here Are 13 Key Takeaways From New York’s Head-Spinning $1.1 Billion Fall Art Sales

Imagine the reaction on an art dealer’s face a generation ago if you told them that the Big Three auction houses sold $1.1 billion worth of art across just five evening sales… and analysts described the results as “sober,” “workmanlike,” and “solid but unspectactular.”

Artneta day ago

Asian Bidding Buoys Sotheby’s $270.7 Million Contemporary Sale, With the Same Buyer Snapping Up Two Top Works

Asian Bidding Buoys Sotheby’s $270.7 Million Contemporary Sale, With the Same Buyer Snapping Up Two Top Works

A single Asian private collector on the phone with Sotheby’s Hong Kong-based contemporary art head scooped up two of the top three lots at the house’s postwar and contemporary art evening sale on Thursday night, spending a total of $54.4 million.

Artnet6 days ago

Basquiat, Guston, and an Incongruous Norman Rockwell Help Phillips to a Stout $108 Million Evening Sale

Basquiat, Guston, and an Incongruous Norman Rockwell Help Phillips to a Stout $108 Million Evening Sale

Phillips evening sale of 20th-century and contemporary art tonight took in just over $108 million. That total was a healthy margin above the low $93 million estimate, but well under the upper end of expectations of $132 million in a night marked by consistent and solid—but rarely heated—bidding. Of 42 lots offered, the sale saw a robust sell through rate of 95 percent by lot (40 works sold) and 98 percent by value.

Artnet6 days ago

A Record-Breaking Ed Ruscha Word Painting Propels Christie’s to a Steady, If Not Ebullient $325 Million Contemporary Auction

A Record-Breaking Ed Ruscha Word Painting Propels Christie’s to a Steady, If Not Ebullient $325 Million Contemporary Auction

Christie’s put the full force of its marketing department behind a coveted Ed Ruscha word painting this fall, and the effort paid off handsomely. Hurting the Word Radio #2 (1964) soared to an above-estimate $52.5 million, which Christie’s chairman of postwar and contemporary art Alex Rotter framed as a rejoinder to art-market pessimists. “We wanted to prove we could sell a painting over $50 million this season,” he said.

Artnet7 days ago

Despite a Few Blips, Sotheby’s Brought In $209 Million in a Sturdy but Unremarkable Impressionist and Modern Evening Sale

Despite a Few Blips, Sotheby’s Brought In $209 Million in a Sturdy but Unremarkable Impressionist and Modern Evening Sale

In an auction season with few big-name private collections, Christie’s and Sotheby’s have fallen back on touting individual highlights by the usual blue-chip suspects: Claude Monet, Pablo Picasso, Alberto Giacometti, and Paul Signac, among others.

Artnet8 days ago

The Art Collection of Walt Disney’s Daughter Could Bring in $14 Million at Christie’s This Week

The Art Collection of Walt Disney’s Daughter Could Bring in $14 Million at Christie’s This Week

The much-anticipated launch of Disney+ isn’t the only reminder of Walt Disney’s vast and lasting cultural legacy this week. The art collection of Disney’s daughter, Diane Disney Miller, is also in the news for its impressive auction estimates: Christie’s says the Ron and Diane Disney Miller collection is expected to bring in about $14 million for its 40 lots, which will be offered across a series of sales, including the postwar and contemporary art sales this week.

Artnet8 days ago

A Record-Setting Futurist Sculpture by Umberto Boccioni Carried Christie’s Workmanlike $191 Million Impressionist and Modern Sale

A Record-Setting Futurist Sculpture by Umberto Boccioni Carried Christie’s Workmanlike $191 Million Impressionist and Modern Sale

Christie’s did not manage to achieve a white-glove sale at its Impressionist and Modern evening auction in New York tonight, since six lots failed to sell out of a total of 58. But the house persevered through a subdued mood to find respectable results. Call it a work-glove sale instead.

Artnet8 days ago

Hot Lots: 7 Tantalizingly Undervalued Artworks in New York’s Fall Auctions, According to the Experts

Hot Lots: 7 Tantalizingly Undervalued Artworks in New York’s Fall Auctions, According to the Experts

With the Big Three auction houses offering another $1 billion worth of art in their New York sales this week, it can be overwhelming to sort through the thousands of lots to find a few hidden gems. That’s why the Artnet News team decided to reach across the aisle for the in-house expertise of Artnet’s Auction specialists this season.

Artnet9 days ago

New York Art Auction Sales Poised to Tumble as High-End Works Dry Up

New York Art Auction Sales Poised to Tumble as High-End Works Dry Up

The semi-annual sales of high-end Impressionist, modern, postwar and contemporary art at Sotheby’s, Christie’s and Phillips are targeting sales of $1.2 billion at the low end of the estimate range, down 24% from a year earlier. Not a single work is expected to fetch $50 million or more. The last time that happened at the November auctions was 2009, in the wake of the financial crisis.

Bloomberg12 days ago

Wet Paint: The Biggest Flippers of the Fall Auctions, Warren Kanders Squares Off With the Whitney, & More Juicy Art-World Gossip

Wet Paint: The Biggest Flippers of the Fall Auctions, Warren Kanders Squares Off With the Whitney, & More Juicy Art-World Gossip

Which gallery is doing a solo show of a female artist for the first time in six years? Which artist's holiday card is being hawked at auction? Read on for answers.

Artnet12 days ago

From a Broadway Producer’s Picasso to a Record-Smashing Ruscha, Here’s Your Guide to the Top Works in the $1 Billion Fall Auction Season

From a Broadway Producer’s Picasso to a Record-Smashing Ruscha, Here’s Your Guide to the Top Works in the $1 Billion Fall Auction Season

As auction houses prepare for a marathon run of sales in New York next week, their lineups lack the firepower from prestigious estates and private collections that drove high totals in years past. This time around, evening sales at Sotheby’s, Christie’s, and Phillips are expected to bring in as much as 39 percent less than last year.

Artnet13 days ago

Art tech startup Artmyn raises $4M to deploy world's first artwork super scanners within auction houses

Art tech startup Artmyn raises $4M to deploy world's first artwork super scanners within auction houses

“This technology will give our auction house partners a new, powerful and unique tool to win consignments, drive sell-through and vastly improve the digital art buying experience. It adds value at all stages of an auction house sale-cycle. This investment also directly addresses two critical areas in the online art market - transparency and buyer confidence,” he added

Art Daily16 days ago

Fashion Designer Marc Jacobs Is Selling Off His Entire Art Collection, Including a $3 Million Ed Ruscha

Fashion Designer Marc Jacobs Is Selling Off His Entire Art Collection, Including a $3 Million Ed Ruscha

After nearly 20 years of collecting art, the fashion designer Marc Jacobs is looking for a fresh start. As he prepares to sell his New York City apartment, he’s also auctioning off all the art hanging inside it. Sotheby’s has even named the New York sale “Marc Jacobs: Between Collections.”

Artnet20 days ago

Basquiat’s Painting of a Triumphant Warrior in a Boxing Ring Could Fetch $15 Million at Phillips This Fall

Basquiat’s Painting of a Triumphant Warrior in a Boxing Ring Could Fetch $15 Million at Phillips This Fall

In anticipation of the fall auction in New York, Phillips has announced the latest blue-chip consignment: Jean-Michel Basquiat‘s The Ring (1981), estimated at $10 million to $15 million.

Artnet23 days ago

Sotheby’s Names New CEO: Charles F. Stewart, CFO of New Owner’s Cable Company

Sotheby’s Names New CEO: Charles F. Stewart, CFO of New Owner’s Cable Company

“I have known him for many years and have been impressed by his appetite for innovation, taking smart risks, and challenging the status quo,” Drahi said of Stewart in a statement.

Art News23 days ago

A Lost Cimabue Masterpiece Found Hanging in an Elderly French Woman’s Kitchen Sold for a Stunning $26.8 Million

A Lost Cimabue Masterpiece Found Hanging in an Elderly French Woman’s Kitchen Sold for a Stunning $26.8 Million

A medieval painting by the early Italian master Cimabue that hung unnoticed for years in a house in France has sold at auction for a record €24.2 million ($26.8 million) with fees.

Artnet23 days ago

Alma Thomas, a Favored Artist of the Obamas, Could More Than Double Her Auction Record Next Month at Christie’s

Alma Thomas, a Favored Artist of the Obamas, Could More Than Double Her Auction Record Next Month at Christie’s

Alma Thomas’s A Fantastic Sunset (1970), a rainbow-colored explosion that is due to go on sale at Christie’s on November 13. The acrylic painting is estimated to sell between $2.2 million and $2.8 million, and it could shatter the artist’s record at auction.

Art Newsa month ago

Amid a Relatively Quiet Fall Auction Season, Sotheby’s Is Hoping to Rake In $35 Million for This Rare Mark Rothko Painting

Amid a Relatively Quiet Fall Auction Season, Sotheby’s Is Hoping to Rake In $35 Million for This Rare Mark Rothko Painting

Sotheby’s has announced one of its heavyweight lots for the fall auction season in New York: Mark Rothko’s 1953 painting Blue Over Red.

Artneta month ago

KEITH HARING MURAL REMOVED FROM FORMER YOUTH CENTER HEADS TO AUCTION

KEITH HARING MURAL REMOVED FROM FORMER YOUTH CENTER HEADS TO AUCTION

An eighty-five-foot Keith Haring mural that stretches across three floors of a former Catholic youth center on Manhattan’s Upper West Side will be sold at Bonhams auction house in November.

Art Foruma month ago

A Recently Discovered Portrait by Nigerian Star Ben Enwonwu Sold for Nearly 8 Times Its Estimate at Sotheby’s London

A Recently Discovered Portrait by Nigerian Star Ben Enwonwu Sold for Nearly 8 Times Its Estimate at Sotheby’s London

After a 13-minute bidding war between four buyers, the work sold to an undisclosed collector, taking the top spot in the evening’s modern and contemporary African art sale.

Artneta month ago

The Brooklyn Museum Is Selling This Rare Francis Bacon Pope Painting at Sotheby’s to Raise Money for Other Acquisitions

The Brooklyn Museum Is Selling This Rare Francis Bacon Pope Painting at Sotheby’s to Raise Money for Other Acquisitions

The eerie work being deaccessioned, Bacon’s Pope (1958), is one of just six surviving canvases made by the artist while he was living in Tangier. It will hit the auction block at Sotheby’s Contemporary art evening auction in New York on November 14.

Artneta month ago

A $35 Million Painting by Willem de Kooning and a $25 Million Monet Are Among the Highlights of the Fall Auction Season in New York

A $35 Million Painting by Willem de Kooning and a $25 Million Monet Are Among the Highlights of the Fall Auction Season in New York

Sotheby’s has revealed two of the major lots of the fall auction season in New York: an “extremely rare” Willem de Kooning painting offered by art dealer Robert Mnuchin, father of US Treasury Secretary Steven Mnuchin, on behalf of an undisclosed seller; and Claude Monet‘s Charing Cross Bridge, which will lead the house’s Impressionist and Modern art evening sale.

Artneta month ago

A Monumental Canvas by Yoshitomo Nara Sells for $25 Million in Hong Kong, Shattering the Artist’s Previous Auction Record

A Monumental Canvas by Yoshitomo Nara Sells for $25 Million in Hong Kong, Shattering the Artist’s Previous Auction Record

A work by the Japanese artist Yoshitomo Nara sold for nearly $25 million at Sotheby’s contemporary evening sale in Hong Kong on Saturday, smashing the artist’s previous auction record by a factor of five.

Artneta month ago

In a Market Lacking Overall Confidence, Christie’s London Puts Together a Solid $79.6 Million Contemporary Sale

In a Market Lacking Overall Confidence, Christie’s London Puts Together a Solid $79.6 Million Contemporary Sale

Christie’s brought up the rear of London’s Frieze week auctions this evening with a lengthy, two-and-a-half hour evening sale of 47 lots of Post-war and contemporary art estimated at £52.6 million to £74.1 million ($64.9 million to $91.4 million), immediately followed by 31 lots of Modern and contemporary Italian art estimated at £18.5 million to £27.3 million ($22.8 million to $33.7 million).

Artnet2 months ago

KAWS Artwork of Chairman Mao Triggers Massive Outcry in China

KAWS Artwork of Chairman Mao Triggers Massive Outcry in China

After former KAWS fans burned their merch, the artwork, which was slated to go to auction at Sotheby’s Hong Kong on October 7, was taken down from the auction house’s website.

Hyperallergic2 months ago

Sotheby’s Stages a Stolid $67.3 Million Frieze Week Sale, Despite Boffo Bidding for Banksy, Basquiat, and Bacon

Sotheby’s Stages a Stolid $67.3 Million Frieze Week Sale, Despite Boffo Bidding for Banksy, Basquiat, and Bacon

The art market had comfortably hurdled the challenges of today’s economy in Frieze week’s first two sales, at Christie’s and Phillips. But the stakes were raised at Sotheby’s in this 39-lot sale. Bracketing out Banksy’s attention-devouring presence, this was a journey into more blue-chip territory, headed by the likes of Basquiat, Bacon, and a mix of Italian post-war stars: Manzoni, Fontana, Burri, et al.

Artnet2 months ago

Banksy’s Chimp Parliament Painting Sells for a Startling $12 Million, Prompting Both Cheers and Jeers

Banksy’s Chimp Parliament Painting Sells for a Startling $12 Million, Prompting Both Cheers and Jeers

There is absolutely no doubt about what stole the thunder this evening at Sotheby’s Frieze week contemporary art auction—and it was a bunch of monkeys.

Artnet2 months ago

Christie’s Kicks Off Frieze Week With a Bang With the $28 Million Sale of British Businessman Jeremy Lancaster’s Collection

Christie’s Kicks Off Frieze Week With a Bang With the $28 Million Sale of British Businessman Jeremy Lancaster’s Collection

Christie’s kicked off a busy series of Frieze Week contemporary art sales in London this evening with the collection of Jeremy Lancaster, a British businessman who died in April. The 53 lots were estimated at £13.7 million to £19.5 million ($16.8 million to $24 million) and 48 of them sold for £23 million ($28.2 million). (Sale prices include the buyer’s premium; estimates do not.)

Artnet2 months ago

Auction Blotter: Julie Curtiss Shocks, Ed Ruscha Sizzles, and KAWS Keeps On Keeping On in the New York Day Sales

Auction Blotter: Julie Curtiss Shocks, Ed Ruscha Sizzles, and KAWS Keeps On Keeping On in the New York Day Sales

The late-September day sales in New York might not get the high-wattage attention of the splashy evening sales, but this is where auction stars of future are made. Here’s a rundown of the notable results at Phillips, Christie’s, and Sotheby’s this week.

Artnet2 months ago

An Elderly Woman Discovered She Had Been Storing a Rare Renaissance Painting in Her Kitchen—and It Could Fetch $6 Million at Auction Next Month

An Elderly Woman Discovered She Had Been Storing a Rare Renaissance Painting in Her Kitchen—and It Could Fetch $6 Million at Auction Next Month

For years, a painted panel depicting a scene from Christ’s passion and crucifixion hung in the kitchen of a nonagenarian woman in Compiègne, France. She thought it was an old knockoff.

Artnet2 months ago

Who’s the Next Market Superstar? Here Are 5 Artists to Watch at This Week’s Contemporary Art Auctions in New York

Who’s the Next Market Superstar? Here Are 5 Artists to Watch at This Week’s Contemporary Art Auctions in New York

The art world spins fast. Back in the 1990s, major auction houses still considered it taboo to offer works by living artists that had been completed less than a decade earlier. Fast forward to the 21st century, however, and the Big Three houses now hold annual auctions that are specifically built to promote fresh works, some of which have made the trip from the studio to the auction block in less than five years. During especially frothy times, it’s not unheard-of for short-term profiteers to flip a piece at auction just a few months after acquiring it on the primary market.

Artnet2 months ago

KAWS for Concern? Sotheby’s Is Selling Off 25 Works by the Street Art Star From the Collection of the Late Video Game Entrepreneur Ryan Brant

KAWS for Concern? Sotheby’s Is Selling Off 25 Works by the Street Art Star From the Collection of the Late Video Game Entrepreneur Ryan Brant

The KAWS haul is part of 130 works assembled by Brant, the founder of software and video game company Take Two Initiative and the son of top collector and publishing magnate Peter Brant, heading to the block. The younger Brant died this past March at age 47 from cardiac arrest.

Artnet2 months ago

Has Banksy Altered His Famed Painting of British Parliamentarians as Chimps? Either Way, It Could Fetch $2.5 Million at Auction Next Month

Has Banksy Altered His Famed Painting of British Parliamentarians as Chimps? Either Way, It Could Fetch $2.5 Million at Auction Next Month

A painting by Banksy of bickering chimpanzees in British Parliament, created seven years before the UK voted to withdraw from the European Union, is up for sale at Sotheby’s in October—and the auction house hopes to capitalize on the artist’s seeming prescience about the turmoil of British politics.

Artnet2 months ago