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Art market shift - London ahead of New York [ 18 Aug ]

The growing interest shown by emerging markets (China, the United Arab Emirates, India...) and good performances from traditional markets resulted in spectacular figures for the first half of 2008. This has silenced the sceptics who were still expecting economic woes to have a knock-on effect on auctions. The first Half of 2008 at auctions has so far countered gloomy and alarmist prophecies of a recession with sales of EUR 3.8bn (more or less equivalent to the EUR 3.7bn for the same period of 2007) and 504 bids over a million euros compared to 517 as of July 1st 2007. The art market has repeated the record performance reached in 2007 without beating it.

Richard Avedon – The eye without lashes [ 11 Aug ]

He was one of the most sought-after 20th century photographers: he worked for Harper’s Bazaar for twenty years, spent twenty-five designing cover pages for Vogue, and twelve for The New Yorker and captured the reality of events and people of his time without a trace of sentimentality. From the glamorous world of fashion to the austerity of the struggling, lower middle classes of the American West, he devoted his talent to capturing flashes of truth.
He was a photographer who embodied renunciation, working from No, replacing colour with black and white and sharpening the focus on his models with neutral backgrounds.

Iranian art boom - 2006-2008: "progress report" [ 05 Aug ]

In two years, Dubai has clearly affirmed itself on the global art market with the first edition of Art Dubai in 2007 - inviting some 30 galleries from around the globe - and with the establishment of both Christie’s (2006) and Bonhams (2008) in the city. Since their arrival, the two action houses have been selling works by modern and contemporary artists from Tunisia, Egypt, Morocco, Lebanon and Iran and they have succeeded in fostering growing demand as well as significant price inflation. The Dubai prices represented his record.

London sales of Old Master paintings – Good results [ 29 Jul ]

As 7-figure bids become commonplace in the speculative and volatile contemporary segment of the art market, bidding for less publicised older works is still buoyant. The Christie’s and Sotheby’s sales of Old Master Paintings on 8 and 9 July 2008 generated new records with rare masterpieces from private collections.

The New Realists - Six records in six months [ 15 Jul ]

During their lifetimes, several New Realists gained considerable recognition in the United States. Their participation in the artistic maelstrom of New York during the 1960-80s partly explains their success at American and British auctions. Pierre Restany, a travelling art critic and polyglot involved in the emergence of the movement, worked towards their promotion in the USA; artist Niki de Saint Phalle, a French-Americain, frequently crossed the Atlantic; Jean Tinguely gained notoriety with his Homage to New-York, a cacaphonic happening at the MOMA in 1960 whose apotheosis was its intended self-destruction. The following year, Arman exposed for the first time in New-York, while Leo Castelli, a dealer of Warhol, Lichtenstein and Rauschenberg, opened his gallery to Yves Klein.

Jan Fabre - Artist and entomologist [ 14 Jul ]

Originally from in Anvers in Belgium, Jan Fabre developed a French connection via his fascination for the work of his namesake Jean-Henri Fabre (1823-1915) a 19th century entomologist and poet who described with tremendous accuracy and passion the life of insects, particularly beetles. Indeed, the iridescent carapace of beetles is a key material in the Jan Fabre's work. Since 2002, the magnificent changing reflections of 1.4 million beetle shells decorate the ceiling of mirrors of the Royal Palace Brussels as part of his most impressive official order.

Art Market Confidence Index: a reversal in trend [ 12 Jul ]

The confidence indicator for players in the art market has been falling for nearly a month. Having peaked at +31 points at the end of May following the excellent results from the May New York sales, this indicator has gradually turned down…haunted by the ghost of an unprecedented global economic recession.

Joseph Mallord William TURNER (1775-1851) [ 11 Jul ]

Starting on 1st July 2008, the Metropolitan Museum of New-York is hosting the largest ever American retrospective exhibition of the work of William Turner (1775-1851) for 40 years (J. M. W. Turner, 1 July - 21 September 2008). Seascapes, landscapes, historic scenes - all the subjects the artist liked to paint - will be presented. The exhibition is organised in association with the Tate Britain Gallery which has lent a large number of its exhibited works. In fact the London museum is also the administrator of the Turner Fund which essentially manages the legacy inherited by the British Crown after the artist's death.

The New York School [ 27 Jun ]

The European artists who sought refuge in New York during the Second World War helped stoke up a simmering US art scene. A resurgence in US painting was in the making. A resurgence that would be abstract and manifest in two key movements: Action painting, consisting of gestural painting that emphasised the physical act of painting, and Color Field painting, characterised by large, flat areas of vibrant colour conducive to meditation.

Raining records in London [ 26 Jun ]

In London, the European capital of the art market, Sotheby’s and Christie’s have once again confirmed the good health of the top end of the market. The Impressionist and Modern Art Evening Sale of 24 June at Christie’s generated £144 million ($284 million), the largest sales volume ever posted by a European auction. The following day, Sotheby's took £102 million, exceeding its aggregate high estimates by 7 million.

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