Tag: sold million

Young collectors, new outlets contribute to the continued growth of the Korean art market

A preview of the 2021 edition of the Galleries Art Fair. The 2022 edition of Korea’s oldest art fair will kick off next Wednesday at the Setec Convention Center in Gangnam, southern Seoul. [THE GALLERIES ASSOCIATION OF KOREA] The boom in the Korean art market is expected to continue this year, driven by young collectors […]

The Startup Bringing the Art Market to Bay Area Investors

You might think that investing in works of art by Picasso and Basquiat is a pastime reserved for the ultra-rich. The startup masterpieces gives everyone the opportunity to take advantage of contemporary art as an investment opportunity, alongside famous collectors like Bill Gates and Oprah Winfrey. Masterworks is the first and only platform dedicated to […]

The Art Market at a Glance: 5 Charts That Map the Biggest Changes in the Industry This Year

If a picture is worth 1,000 words, then a graphic should speak at least 3,000. At Artnet News Pro, we’ve worked to make sense of the wild and often obscure art market. Often the clearest way to do this is to track changes and trends with data. Below, we’ve rounded up five of our most […]

Have price and value in the art market separated for good?

A cynic, as Lord Darlington put it so well in Oscar Wilde’s 1892 play Lady Windermere’s Fanis “a man who knows the price of everything and the value of nothing”. Distinctions between price and value have been a centuries-old concern of the collecting culture of the West, but in the present day they could hardly […]

Female artists soar in Phillips’ contemporary and 20th century art auction

Phillips’ contemporary and 20th-century art sale reached $ 139.2 million Courtesy of Phillips Text size Works by female artists were the top performers at Phillips’ Contemporary and 20th Century Art Evening Sale in New York on Wednesday night in an auction that demonstrated the great strength of emerging artists as well as top-notch names. In […]

CalPERS and private equity, Art Market – Breakingviews

Last – CalPERS – Sotheby’s / Macklowe Collection – Swiss SPAC – JP Morgan – Cosmetics M&A Silver linings. CalPERS mission is to ensure a comfortable retirement for its 2 million members. In doing so, it will also help elite financiers to enjoy the high life to their prime. The California Public Employees Retirement System […]

Beeple’s First Physical Art Sale Raises US $ 29 Million at Auction with NFT | Taiwan News

TAIPEI (Taiwan News) – American digital artist Beeple released his very first physical artwork titled “Human One” with his non-fungible token (NFT), earning US $ 29 million (NT $ 807 million) in of Christie’s 21st Century Art Evening Sale in New York on Tuesday (November 9). Beeple’s NFT video of “Human One” earned him 6,103 […]

Young emerging artists are propelling the art market skyward

What is clear from recent major contemporary art sales is that booming stock markets and low interest rates are pushing collectors to spend, and they seem to be more interested in works by younger artists. and more diverse. In London earlier this month, nine of the 10 Best Performing Works of Art, that is, pieces […]

How Streeth is changing the art market

NEW YORK, NEW YORK – MAY 12: People walk past the CryptoPunk (NFT) non-fungible digital art token … [+] displayed on a digital billboard in Times Square on May 12, 2021 in New York City. The image is part of SaveArtSpace’s “Pixelated” public art exhibit that will feature 193 CryptoPunks from Larva Labs on phone […]

$ 103 million. Picasso leads Christie’s new 20th century art auction – ARTnews.com

Christie’s follow-up to its new 21st century art sale, which grossed $ 211 million on Tuesday, was a slightly larger 20th century art auction with 50 lots and a pre-sale estimate of over 345. millions of dollars. Covering works made between 1880 and 1980, the auction totaled $ 481.1 million, with just one lot unsold. […]

How Helen Frankenthaler’s color-soaked canvases conquered the art market

In 1972, Frankenthaler began showing with John Berggruen in San Francisco, expanding her domestic footprint and continuing the steady build-up of interested collectors, although according to Berggruen she was still primarily a US-centric phenomenon. “I felt she was underrated, underrated if you mean to say, because of European collectors and museums,” Berggruen said. “His exhibition […]

Art market shrank 22% in pandemic year, study finds

Global sales of art and antiques in 2020 are estimated to have declined by 22% from the previous year, according to the latest annual report Art Basel and UBS Art Market report, published Tuesday. The 359-page report, the most comprehensive analysis of the effect of the coronavirus pandemic on the international art trade to date, […]

Kamala Harris Hosts Biden Campaign Art Sale

More than 100 well-known artists and estates, facilitated by approximately 50 galleries, donated works to a fundraising event in support of Joe Biden’s presidential campaign. The online sale, hosted by gallery owner David Zwirner on platform.art, kicks off with a videoconference with Kamala Harris, Biden’s running mate, on September 29. Tickets for this opening event […]

Christie’s Contemporary Art Sale is a success and brings in $80.4 million

The Post-War and Contemporary Evening Sale at Christie’s was a big art deal of the week. After a week-long auction in Freize, the new set of artworks fetched Christie’s £65.2 million ($80.4 million). While the 41 coins sold this year brought in less money than last year’s 45 coins (which brought in a collective $109.5 […]

Monet’s glowing haystacks set Sotheby’s Impressionist and Modern art sale ablaze with a new record £97million

If Christie’s kicked off the market with its $399 million Evening Sale on Monday, then Sotheby’s knocked it out of the park with its Impressionist and Modern Evening Sale in New York yesterday, once again backed by a host of fresh-to-market works from renowned collections. The night grossed a total of $300 million ($349.9 million […]

Christie’s Impressionist and Modern Art Sale Hits $400 Million Fueled by Treasures Once Owned by Condé Nast’s SI Newhouse

Christie’s kicked off the spring auction season in New York tonight at its Rockefeller Center headquarters with a lively nightly sale of Impressionist and Modern art that fetched $399 million, hitting the high presale estimate just to the nose, and far exceeding the low estimate of $287.5 million. (The latter figure was revised from an […]

Phillips London Achieves Strong $31.6M Contemporary Art Sale Despite Struggling Ai Weiwei

In a jam-packed week of contemporary art auctions held in London to accompany Frieze Week art fairs, Phillips found a spot on Friday afternoon, just before Christie’s main sale. Anticipating larger than usual crowds, the auction house moved from the basement to the larger ground floor showroom. The move certainly didn’t hurt. The £23.9 million […]

Impressionist and Modern Art Auction Christie’s

The sale, which included a separate catalog for surrealist works, was slightly lower than last February’s £147million sale. “It wasn’t easy,” commented Guy Jennings, managing director of the Fine Art Fund Group. “I would say the market has softened a bit. But it was stable. Jay Vincze, head of the impressionist and modern art department […]

Portinari tops Christie’s Latin American art sale

NEW YORK: A dreamlike painting of children releasing kites by Brazilian Candido Portinari sold for $1.4 million at Christie’s Latin American art sale and set a world record for the artist. Portinari’s 1941 Meninos Soltando Pipas was the top seller of the Wednesday night sale, which totaled $16 million and set benchmarks for other Latin […]

Rothko leads a record sale of contemporary art

NEW YORK – In a wave of auctions unprecedented in the history of the art market, Christie’s sale of contemporary art on Tuesday evening brought in $ 388.5 million, the highest amount ever recorded in this domain. A world auction record was set for a contemporary work of art when Mark Rothko’s “Orange, Red, Yellow” […]

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