A wave of optimism at the London sales
[
08 Feb
]
Christie’s and Sotheby’s have won their gamble. The Impressionist & Modern Art sales on 2 and 3 February in London generated one global all-segment record and 29 results above £1m out of 87 lots offered. Christie's managed to sell 87.5% of its lots for £61m (est. £48m-69m) plus the £8.5m from its special session devoted to surrealist art.
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Giacometti, the new Picasso
[
04 Feb
]
This wednesday February 3rd, Sotheby's London's evening sale was a time for a new world record. L'Homme qui marche I, Alberto GIACOMETTI's human-size bronze was auctioned £58M (£65M premium included), for a £12M-18M estimate, and is now the most expensive artwork ever auctioned.
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Contemporary Art sales in London
[
01 Feb
]
Christie’s and Sotheby’s apparent price optimism for their Impressionist and Modern sales on 2 and 3 February 2010 is equally visible in the catalogues for their Contemporary Art sales on 10 and 11 February. The two majors are expecting a combined total of £69m from their evening sales, a figure which would represent a 54% more than February 2009 high estimate.
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Impressionist and Modern sales in London – unabashed confidence!
[
25 Jan
]
Since the peak in January 2008, the price index of Impressionist art has contracted sharply: down 39.3%. But for Christie’s and Sotheby’s – judging by the high estimates in the catalogues for their upcoming London sales – the price deflation is now over.
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The highs and lows of contemporary artists
[
19 Jan
]
As expected, auction revenue figures for contemporary artists in 2009 contracted quite substantially (divided by 14 in the case of Damien Hirst, and by 3 in the case of Jeff Koons). However, for all that, the market is not in bad condition. The loss of the speculative element has essentially allowed prices to settle back to 2004 levels.
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Contemporary African art
[
11 Jan
]
The first decade of the new millennium saw the emergence on the global art market of contemporary art from Latin-America, China, Korea, Japan, Russia, Turkey and the Middle-East. By comparison, African art has been very slow to emerge… but for how long?
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The print market: some useful tips
[
04 Jan
]
Prints are an important element of the art market representing between 10 and 17% of global auction transactions and between 1.6 and 3.6% of global fine art auction revenue over the last decade.
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Christian Boltanski - from the Grand Palais to Tasmania
[
28 Dec
]
The artist chosen for the Monumenta 2010 exhibition under the great glass-dome roof at the Grand Palais in Paris is the Frenchman Christian BOLTANSKI. His selection follows that of the German Anselm KIEFER in 2007 and the American Richard SERRA in 2008. The exhibition entitled “Personnes” will run from 13 January to 21 February.
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Paris: the crisis…. and museum strikes
[
21 Dec
]
As the year draws to a close, the success last February of the first round of the Pierre Bergé-Yves Saint-Laurent sale looks increasingly incongruous: was it a bold leap out of the crisis, the sign of a genuine recovery of French art market dynamism… or was it just a one-off event with no particular market significance?
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Old Master’s sales : Raphaël vs Wu Bin
[
15 Dec
]
After two days of prestigious Old Master’s sales in London, Christie’s posted a substantially higher revenue total than its rival Sotheby’s with $99.4m (vs. $20.7m) and four new historic records, including one for Raphaël that outclassed the record set by the Chinese artist Wu Bin.
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