The First Art Newspaper on the Net   Established in 1996 United States Tuesday, July 16, 2019


Momentum continues as Sotheby's Frieze sales conclude
Chairman of Sotheby’s Europe, Oliver Barker, fields bids at Sotheby’s sales of Italian and Contemporary Art. Photo: Sotheby's.


LONDON.- “Frieze Week reached its crescendo at tonight’s sale. With two lots selling for over £10m, a record result for an October contemporary auction and real drama in the saleroom, it’s clear that London remains at the heart of the global art market.” - Alex Branczik, European Head of Contemporary Art

THE CONTEMPORARY ART EVENING SALE - LONDON, 7 OCTOBER 2016
Jean-Michel Basquiat’s “Hannibal” became the most valuable work sold at auction in London this week, when seven bidders drove the canvas to £10.6m / $13.1m / €11.7m, double the pre-sale estimate (est. £3.5-4.5m). The painting dates from 1982, the artist’s breakthrough year. Two further works by Basquiat, from the collection of David Bowie, will be offered in Sotheby’s London “Bowie/Collector” sale on 10 November.

Gerhard Richter’s “Garten” also sold for over £10m. The 1982 abstract painting sold for £10.2m / $12.7m / €11.3m (est. £3-4m), almost tripling its estimate. The work had been held in the same collection since 1987.

Two other works by the artist from the same collection also soared over estimate: a small early “Abstraktes Bild” realised £2.8m / $3.5m / €3.1m, doubling the pre-sale estimate of £1-1.5m; and “Säulen”, from 1968, totalled £3m / $3.7m / €3.3m (est. £1.8-2.5m). Sotheby’s Contemporary Art Evening sale in New York in November will include two major works by the artist, both estimated at $20-30m, from the collection of Stephen and Anne Ames.

In a night that saw strong results for German artists, the Contemporary sale opened with a new record for Michael Krebber, the one-time studio assistant to Georg Baselitz. His his “Untitled” painting from 1997 soared to £191,000 / $237,318 / €211,398 (est. £70,000-90,000).

Last sold at auction in 2011 for £894,130, Peter Doig’s “Grasshopper” doubled its estimate to make £5.9m / $7.3m / €6.5m (est. £2.8-3.5m). The work was executed in 1990, during Doig’s one-year Master’s degree at Chelsea School of Art, a period in which he created some of his most career-defining paintings.

• Sale Total: £47,953,000 / $59,581,603 / €53,074,178

• Pre-sale estimate: £23.5-31.9m / $29.2-39.7m / €26-35.3m (34 lots offered)

• 91.2% sold by lot - the highest sell-through rate for any Contemporary Sale at Sotheby’s London since 2011. Only three works unsold.

• Participants from 44 countries, a 20% increase on last year

THE ITALIAN SALE - LONDON, 7 OCTOBER 2016
A new auction record was set for the American Italian artist Salvatore Scarpitta. “Forager for Plankton” was first exhibited in the artist’s breakthrough show the Leo Castelli Gallery in New York in 1959, the year it was painted. This evening, the painting sold for £2.2m / $2.7m / €2.4m (est. £1-1.5m), more than double the previous record for the artist (£856,550 / $1,445,000).

Alberto Burri’s blood-red “Rosso Plastica 5”, one of the finest examples from the artist’s Plastiche series was acquired by collector Dimitri Mavrommatis for £4.7m / $5.8m / €5.2m (est. £4-6m). This follows the £9.1m record for the artist set at Sotheby’s earlier this year by Sacco e Rosso, 1959.

Other auction records were set for: Franco Angeli when four bidders drove “Tunisia” to £100,000 / $185,132 / €110,680 (est. £40,000-60,000); for Nuvolo when his “Untitled” work sold for £56,250 / $69,891 / €62,257 (est. £35,000-45,000); and for Fabio Mauri when his 1972 canvas realised £125,000 / $155,312 / €138,349 (est. £80,000-120,000).

• Sale Total: £23,298,500 / 28,948,386 / €25,786,681
• Pre-sale estimate: £19.7-27.9m / $24.4-34.7m / €21.8-30.9m (46 lots offered)
• 84.8 % sold by lot

New records in sterling were established for: a painting by Marino Marini when “Grande Teatro” sold for £989,000 / $1.2m / €1.1m (est. £600,000-800,000), and for Gunther Förg a work from his Lead Paintings series realised £629,000 / $781,532 / €696,175 (est. £400,000-600,000).





Today's News

October 9, 2016

Brazil's biggest dinosaur found after passing 60 years in cupboard

Maíno's Adorations: Heaven on Earth on view at the National Gallery

Scottish historian finds 'Hitler's first autobiography'

Exhibition explores Frans Post's paintings of Brazilian flora and fauna

Momentum continues as Sotheby's Frieze sales conclude

New Roy Lichtenstein retrospective explores social impact of Pop Art

Exhibition at Yale University Art Gallery brings art and science together

Unprecedented Spanish-American partnership brings modern Spanish art to Dallas

The world's most legendary artists of music highlight Julien's Auctions' "Icons and Idols: Rock N' Roll Auction

Paintings, drawings, sculptural elements, and film by Oscar Murillo on view at David Zwirner

Exhibition puts pioneering British female photographer Olive Edis back in focus

British Africa: Spink London announces the first auction of the David Pitts Collection

Exhibition at Victoria Miro presents works by artists concerned with the socio-political issues of their day

The Autry Museum of the American West opens most transformative project in its history

Weinberg/Newton Gallery opens a group exhibition coinciding with the 2016 presidential election

Exhibition explores different aspects related to childhood and adolescence

Museum to display Michael Schumacher memorabilia

I, Cyborg: A group exhibition opens at Gazelli Art House

Top 10 most intriguing timepieces offered by Heritage Auctions Oct. 27

Most comprehensive anthological exhibition held to date on Marcel Broodthaers opens in Madrid

Laura Bartlett presents a solo exhibition of new work by Sol Calero

Columbus Museum of Art exhibits works by artists who have used the sun as subject

Colnaghi opens new 4,000 square foot gallery in London

Korean Cultural Centre UK opens new exhibition from its 2016 'Artist of the Year'

Most Popular Last Seven Days



1.- Original 'Star Wars' creators lift lid on special effects challenges

2.- Lost '$170 million Caravaggio' snapped up before French auction

3.- Mansell's 'Red Five' on pole for Bonhams sale

4.- Impressionism's 'forgotten woman' shines in new Paris show

5.- Sotheby's to auction the best-surviving NASA videotape recordings of the Apollo 11 Moon Landing

6.- Exhibition explores Dutch and Spanish painting of the 16th and 17th centuries

7.- Cyprus discovers 'first undisturbed Roman shipwreck'

8.- Sotheby's unveils 'Treasures from Chatsworth' with Leonardo Da Vinci drawing, Lucian Freud portraits, and more

9.- Infamous botched art restoration in Spain gets makeover

10.- 1958 Gibson Flying V Korina played by Dave Davies to grab center stage in Heritage Auctions' sale



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez


Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful