World Record om artnet Auctions: Andy Warhol Flowers Painting Sold for Over US 1.3 Million

NEW YORK, NY.- On Wednesday, July 20, 2011, artnet Auctions achieved a world record for the sale of an Andy Warhol 1978 painting entitled Flowers, which sold for US$1,322,500 (Premium). The buyer was a private American collector. The painting, in brilliant tones of blue and green and measuring 22 x 22 inches, is one of only four Flowers paintings from this year recorded by The Andy Warhol Foundation archive, and this is a record price for a 1978 Flowers painting. The [...]

ARTISSIMA 17: The International Fair of Contemporary Art in Turin Introduces a Host of New Features

TURIN.- Artissima 17, the International Fair of Contemporary Art in Turin, will be held from Friday 5 to Sunday 7 November 2010 under the artistic direction of Francesco Manacorda. This event, the first to be directed by Manacorda, will be introducing a host of new features. First of all, it will be held in spectacular new premises: the Oval, a pavilion of unique architectural design, which was built for the 2006 Turin Olympic Winter Games. Visitors chat during the press [...]

British Art Market Warns Against European Union Levy

LONDON (REUTERS).- British auction houses fear that an EU levy on works of art by the likes of Pablo Picasso and Henri Matisse, due to be introduced in 2012, could undermine their position as world leaders in the field. The British government has a temporary exemption from the EU’s “droit de suite” levy on the re-sale price of works of art payable to the artist or the artist’s inheritors for 70 years after his or her death. Extending the artists’ [...]

ARTISSIMA 17: International Fair of Contemporary Art in Turin

Turin, Italy.- Artissima 17, the International Fair of Contemporary Art in Turin, will be held from Friday 5 to Sunday 7 November 2010 under the artistic direction of Francesco Manacorda. This event, the first to be directed by Manacorda, will be introducing a host of new features. First of all, it will be held in spectacular new premises: the Oval, a pavilion of unique architectural design, which was built for the 2006 Turin Olympic Winter Games. Located in the Lingotto [...]

Christie’s to Offer a Monet Water-Lily Painting Worth an Estimated $44-59 Million

LONDON (REUTERS).- Auction house Christie’s is offering a Monet water-lily painting worth an estimated 30 to 40 million pounds ($44-59 million) this month in what it expects to be the biggest sale it has ever mounted in London. With the international art market booming again after a slump when financial markets crashed, the Christie’s sale also includes a Blue Period portrait by Pablo Picasso, offered by the Andrew Lloyd Webber Foundation founded by the composer, and carrying a price tag [...]

Art Cologne 2010 Juxtaposes Art-Market Heavyweights with Innovative Galleries

COLOGNE.- ART COLOGNE 2010 (21 to 25 April, Cologne Trade Fair Centre) melds the established and the new by juxtaposing art-market heavyweights with innovative young galleries. The range of established 20th-century art is always very strong at ART COLOGNE and this year’s event provides a fascinating and comprehensive overview of all the major twentieth-century art movements. This overview is juxtaposed to a vibrant and multifaceted show of cutting-edge, experimental and studio-fresh art. Hall 11.2 will be hosting leading dealers in [...]

How Investment Helped the Art Market Weather the World Economic Crisis

HELVOIRT.- A change in luxury spending habits caused by the recession has helped the international art and antiques market weather the global economic storm, reveals a new report commissioned by The European Fine Art Foundation which organises The European Fine Art Fair (TEFAF) to be held in the Dutch city of Maastricht in the MECC (Maastricht Exhibition and Congress Centre) from 12-21 March 2010. The report The International Art Market 2007-2009, Trends in the Art Trade during Global Recession has [...]

Sotheby’s Announces 2009 Fourth Quarter and Full Year Results

NEW YORK, NY.- Sotheby’s (NYSE: BID) today announced results for the fourth quarter and year ended December 31, 2009. Despite a 7% decrease in net auction sales, Sotheby’s reported a substantial improvement in fourth quarter 2009 earnings over the prior year fourth quarter. Net income for the fourth quarter of 2009 is the second highest in Company history at $73.6 million, or $1.09 per share, compared to a net loss of ($9.3) million, or ($0.14) per share, for the prior [...]

Christie’s Strengthens Asia Management Lineup with New Appointments

HONG KONG.- Christie’s announced today that it will continue developing its business in Asia by strengthening its senior management lineup. To enhance the business-getting capability of our Chairman’s offices in Asia, François Curiel, currently Chairman of Christie’s Europe and France as well as International Head of the Jewellery Department, has been appointed as President, Asia and will relocate to Hong Kong at the end of January to fulfil this role and continue his leading role in the Jewellery Department. Andrew [...]

New Caribbean Art by 23 Artists Showcased during Art Basel Fair

MIAMI, FL (AP).- Hundreds of hours of shiny black cassette tape pour through a toothy shark jaw suspended from the ceiling in an untitled artwork by Bahamian artist Blue Curry. This is not the Caribbean art tourists expect to find on their hotel walls or in gift shops. A new exhibit showcasing Curry and 22 other Caribbean-born contemporary artists intends to expand the imagery associated with the archipelago of tropical islands between Florida and South America. “It’s not folk art. [...]