As one of the most anticipated sales of the Chinese auction season, China Guardian concluded its 5-day spring auction of Fine Art, antiques, and jewellery yesterday in Beijing, with a combined total of 2.57 billion RMB (418.5 million USD). The result is close to a 25% increase from the same time last year, giving the market hope of a slow revival after a year of correction in 2012.
Check out some of the top selling lots.
Record Art Sotheby’s
Last night at Sotheby’s Contemporary Art Evening Auction, six bidders fought over Barnett Newman’s Onement VI, a spectacular blue abstract composition from 1953. In the end, a telephone bidder payed US$43.8 million, a record price for the artist’s work at auction.
Records were set for four artists that night, including Gerhard Richter’s 1968 work, Domplatz, Mailand, which was bought by New York businessmanDonald L. Bryant for US$33 million.
There were some high-profile casualties, with a Francis Bacon and a Jeff Koons work failing to attract bidders.
At the end of the night the Contemporary Art auction totaled US$293.6 million.
American & European Art
From Pierre-Auguste Renoir to John William Godward and Bruce Crane, their latest sale is dedicated to the splendors of American and European Art.
Get a sneak-peek at the sale before bidding begins on Sunday, May 12!
The interest in Chinese Art among US collectors and academia can be traced back to 1961, when the Metropolitan Museum of Art launched their blockbuster show, Chinese Art Treasures: A Selection from the National Palace Museum, in collaboration with the National Palace Museum of Taipei. This exhibition introduced a generation of American art historians to the study of Chinese Art. Most especially, to the study of Chinese literati paintings, which led to the golden period of Chinese Art research and collection in the 1980s and 1990s.
Next week, China Guardian auction house is offering an important collection of Classical Chinese paintings and calligraphy from a major player of this golden period. The consignor is a major contributor of Chinese Art to museums in the United States, and sponsors Chinese Art research programs across the country.
Click through to preview the beautiful Classical Chinese Painting and Calligraphy sale.
Impressionist & Modern Art
It’s a very important week for Impressionist and Modern Art lovers, with Sotheby’s and Christie’s hosting their Spring Auctions in New York. Soutine’s Le Petit Patissier, (The Little Pastry Chef) carries the highest estimate at Christie’s evening sale on Wednesday, at US$16–22 million. The auction house hopes it will set a record for the Russian-born French artist.
However, Andre Derain’s 1905 Portrait de Madame Matisse au kimono, estimated at US$15–20 million, will probably be one of the main attractions. Derain’s painting of Matisse’s wife is “the most important portrait” ever auctioned by the artist and “an unparalleled collecting opportunity for fine art connoisseurs worldwide,” according to Christie’s.
Get a sneak peek at the entire Impressionist & Modern Art Evening Auction.
Latest from Christie’s
Preview Christie’s beautiful spring Prints and Multiples sale, which takes place in New York today. The many highlights of the sale include a complete set of 10 fabulous Andy Warhol soup can screenprints from 1968, as well as sets by Chagall and Matisse!
South Asian Art
Mark your calendars for one of this spring’s highlights: the Christie’s auction of South Asian Modern + Contemporary Art.
This sale, which will take place on March 20, 2013, will present a rich collection of Modern and Contemporary works spanning the region. To highlight 50 years of Goa’s independence, Christie’s is also featuring a collection of early works by Francis Newton Souza!
As Russia’s power in the art world rises, we wanted to highlight one New York-based auction house that specializes in Russian painters.
Founded by Gene Shapiro, who was born in St. Petersburg, Russia, but raised in the United States, Gene Shapiro Auctions specializes in selling Russian paintings and works of art; the auctions house is known worldwide as a leader in this field. The artwork sold is not limited to a certain time period either, as the auction house regularly sells works by Old Masters as well as contemporary artists, and all time periods in between.
Get a sneak-peek at their upcoming sale, which takes place this Saturday, February 16.
News from London: Untitled (Pecho/Oreja), a stunning 1982 painting by Jean-Michel Basquiat, once owned by the rock band U2, sold Tuesday night at Sotheby’s London for US$10,666,951.
Find out more about Jean-Michel Basquiat.
After last night’s US$117 million Contemporary Art auction at Sotheby’s, competitor Christie’s is continuing the London auction season tonight with their Post-War and Contemporary Art Evening Auction.
Pictured is Jean-Michel Basquiat’s Museum Security (Broadway Meltdown), which carries the highest estimate, and is expected to sell for 7,000,000 to 9,000,000 GBP!
One of the first African-American artists to reach international stature and wealth in the art world, Brooklyn-born Jean-Michel Basquiat had a short but prolific career, rising to fame early for his fusion of multicultural symbols, biting social commentary, and temperamental personality!
Chagall, Kisling, and Rubin
Jerusalem-based Matsart Auctioneers & Appraisers is owned by the renowned artist Lucien Krief. Founded in 2006 as a result of a merger between the established firms Matsa for Public Auction and Lucien Krief Fine Art Gallery, the auction house holds offers Israeli and International fine paintings and sculptures.
Get a sneak-peek at their upcoming Modern & Contemporary Art sale, with fantastic works by Chagall, Kisling, and Rubin, to name a few!
Contemporary Art Season
Pictured is Francis Bacon’s 1980 triptych Three Studies for a Self-Portrait, which carries the highest estimate and is expected to fetch between £10 and £15 million! In his work, Bacon often pictures screaming, agonized, or caged figures, which solidified his reputation as an overwhelmingly compelling, if somber, observer of human nature.
Picasso, Monet, and Miró
A 1932 Picasso painting of his lover Marie-Therese Walter, Femme Assise Pres d’une Fenetre, was the centerpiece of the auction, selling for 28.6 million pounds (US$44.8 million).
In what are expected to be some of the most expensive UK sales ever seen, £500 million worth of art by stars from Pablo Picasso to Francis Bacon will be going under the hammer at auction houses in London this month.
Highlights at Sotheby’s include a monumental portrait of Pablo Picasso’s mistress muse Marie-Thérèse Walter, which could fetch as much as £35 million, and Three Studies For A Self-Portrait by Francis Bacon, which could fetch up to £15 million.
Christie’s offers paintings including a portrait by Amedeo Modigliani of muse and lover Jeanne Hébuterne at £16 to 22 million, as well as Wassily Kandinsky’sBalancement, which is estimated at £5 to 6 million.
Old Masters at Christie’s
More New York auctions:
Here is a preview of Christie’s beautiful sale, Old Master & Early British Drawings & Watercolors, which includes an Important Canadian Collection and a Distinguished Private Collection.
Pictured: Jean-Auguste-Dominique Ingres’s Comtesse Charles d’Agoult, née Marie d’Agoult, and her daughter Claire d’Agoult, which is estimated at US$1,500,000 to 2,500,000.