New York modern art series brings some relief
November 10, 2009 by All Art
Filed under Art Market
The auctioneers, predictably, were keen to emphasise the signs of recovery, especially after Sotheby’s evening sale on November 4 saw some keen bidding battles that sparked claims of a return to the kind of competitive buying seen before the dramatic downturn at the end of last year.
The sale saw a hammer total of $159m (£101m), towards the upper end of the $116m-165m presale estimate.
Selling 56 out of 66 lots (85 per cent), it cannot be denied that this was the [...]
The art market: ‘When you have the right property … you get fireworks’
November 7, 2009 by All Art
Filed under Art Market
The autumn sales of Impressionist and modern art held in New York this week demonstrated that big money is still available on the right works of art but that the market will mercilessly reject the run-of-the-mill.
The two evening sales were an exercise in contrasts. Christie’s offered a lacklustre selection of works of art on Tuesday and failed to find buyers for almost a quarter of the 41 lots, and its total fell short of expectations, raising just $65.7m, well below [...]
Sotheby’s November 2009 sale of Impressionist and Modern art brings $181,760,000
November 6, 2009 by All Art
Filed under Art Market, Featured
NEW YORK, NY – 4 November – Tonight’s Evening Sale of Impressionist and Modern Art at Sotheby’s in New York was a resounding success, surpassing the high estimate and bringing a total of $181,760,000 (est. $115.3/163 million)*. The sale was 84.8% sold by lot and 93.4% sold by value. Five works sold for more than $10 million and two artist records were set: André Derain’s Barques au Port de Collioure brought $14,802,500, and Kees van [...]
