Market For Kandinsky
The artwork of 20th-century painter Wassily Kandinsky is a staple of the Guggenheim’s permanent collection. The exhibition currently on view, Kandinsky in Paris, 1934–1944, highlights works from the final decade of the artist’s life. Kandinsky’s success extends beyond the walls of the museum into the auction world.
The year 2013 has proved to be one of his most successful. In celebration of his work, we took a look at both the art and the market for this Russian artist and theorist.
All About Love
In September, the Whitney Museum of American Art opened the first United States retrospective for artist Robert Indiana entitled Beyond Love, examining the 85-year-old artist’s paintings and sculptures not associated with his most well-known image, Love. The 1964 graphic, spelling out the word “LOVE” in block typeface, was first linked to the anti-war era.
While the Whitney exhibition is garnering critical acclaim for uncovering the artist’s darker, more psychologically complex assemblages, the auction world is still in love with Love, more specifically, the painted aluminum sculptures created in the 1990s. These may have sullied the artist’s reputation, but they have certainly not hurt him commercially, and indeed, they continue to make up a large part of his success at auction.
This upcoming Hong Kong auction season, Poly Auction Hong Kong is presenting an important private European collection of early Contemporary Chinese Ink Paintings. The selection of artists including Ho Huaishuo, Zhang Yu, Fang Jun, Cai Guangbin, Jia Youfu, Wu Yi and Lei Miao, shows to what extent the West is fascinated with the contemporary transformations and varied explorations of Chinese ink painting’s expressive language.
With such a multidimensional ink painting collection under his care, the collector has also devoted himself to formulating an intellectual trajectory for the further development of contemporary Chinese ink painting.
The sale will be under hammer on 5th October (11:00 am) 2013 at the Grand Hyatt Hotel (Wanchai), Hong Kong.
The Market for Magritte
The Surrealist work of artist René Magritte will go on view at the MoMA in New York City.
To mark the occasion, we took a look at the market for Rene Magritte and discovered that he has outperformed the S&P 500, realizing gains of over 280%.
The Top 10
Hot summer days couldn’t deter art lovers from pursuing their passion.
Between city-summers and beach days, art lovers managed to spend a little time at auction. Check out the top 10 most expensive artworks sold in August.
Future of Sotheby’s
Sotheby’s auction house is being targeted by billionaire Daniel Loeb’s Third Point LLC activist hedge-fund firm. Loeb has bought more than 5% of the company for about $156.7 million, disclosing with the SEC yesterday that he is communicating with the auction house on matters such as potential changes in strategy and leadership.
“We welcome investment in the company,” Andrew Gully, a spokesman for Sotheby’s, which generated $768.5 million in revenue last year, told Bloomberg.
With autumn just around the corner, galleries are revving up for what promises to be a very exciting fall season.
The Market For Fontana
Lucio Fontana’s most iconic and coveted works are those where he slashed the canvas, a gesture that stands opposed to the traditional treatment of it.
The 2013 auction season has, in fact, already proven to be a strong one for Fontana, with the top 10 lots of 2013 realizing over $35 million. To draw a comparison, the top 10 Fontana lots of 2003 only generated approximately $5.5 million.
Q&A with Frédéric de Senarclens
We interviewed Frederic de Senarclens of Art Plural Gallery about how he selects artists to represent, his biggest sale in the past year, and how the internet has changed the art biz.
Q&A with JoAnne Artman
We sat down with art dealer JoAnne Artman to talk about how the internet has changed the art biz, her advice to first-time collectors and which artists living or dead she’d most like to have dinner with.
The legal structure we call art law, supporting the acquisition, retention, and disposition of Fine Art, often fits uneasily with art market custom and practice. The result is that 21st-century art market participants are frequently unsure of their legal rights and obligations.
Protect yourself and find out more about the complicated legal structure we call art law.
Young British Artists
Twenty-five years ago, Damien Hirst organized the Freeze exhibition in an empty London Port Authority building at Surrey Docks in London, England. This exhibition ushered in the new generation of Young British Artists, an era which Guardian critic, Jonathan Jones recently referred to as “the best 25 years in British art history.”
Pictured is Hirst’s The Physical Impossibility of Death in the Mind of Someone Living, which has since become an icon of the YBA generation and Contemporary Art in general, sparking debates over the very nature of art as well as the eight-digit prices these works have commanded.
A Look at Baldessari
A renowned artist and teacher, John Baldessari, celebrated his 82nd birthday this week. Since the mid-1950s, Baldessari has been fusing photography, montage, painting, and text to create complex compositions that explore interpretations of cultural iconography.
On the occasion of his birthday, we took a closer look at the development of his market. Baldessari’s index increased by over 790% during the period 2002-2012, and has been outperforming the artnet Contemporary 50™(C50™) since 2006.
The Internet is making collecting and even investing in art much more accessible. As part of his adventures in investing, NPR’s Uri Berliner pays US$450 for an Abstract flower study that he’s only seen online.Is it an investment or a painting he’s just happy to have hang on his wall?
Most HNWIs (High Net Worth Individuals) live in the United States, Japan, and Germany, and account for a 53% share of the global art market!
Join us at the TEFAF Maastricht Art Symposium to learn more about what influences and motivates them when they buy art.