Showing posts with label Art Auction. Show all posts
Showing posts with label Art Auction. Show all posts
Artprice Enters Online Auction Arena
"French-owned Artprice, the art information and price database website, will launch its online auctions in a competitive market space this month.
Online auction service will commence on January 18, according to a company release. Previews of upcoming lots will begin on January 9.
Artprice reports it has 1.3 million members in more than 90 countries, and several thousand lots are already uploaded for auctions." [Read Full Article]
Published by: Artfix Daily
On: 01/03/12
Website: http://artfixdaily.com
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Musket Remnant, Herzog Painting Lead Doyle’s Americana Auction
"Doyle New York's auction of American furniture and decorative arts, including paintings and prints, on November 17 showcased important American furniture and decorative arts from the colonial period through the Federal and classical styles.
. . .
Highlighting the sale was a painting by Hermann Ottomar Herzog (American, 1832–1932) depicting a sunset in the Florida Everglades that doubled its estimate of $25/35,000 to fetch $74,500." [Read Full Article]
Published by: Antiques and the Arts Online
On: 01/03/12
Website: http://antiquesandthearts.com
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Big Beat: Why is some art a better investment than stocks?
"It’s a slippery thing to compare the art of specific artists to the stock market as a whole, as one measure is individual and the other is aggregation. Ottawa collector Glenn McInnes notes, 'I suspect there are some individual stocks such as Microsoft and Google that have performed equally for the original purchasers to those of the Hirsts and Warhols, and I suspect very strongly that all stocks have outperformed all art produced in the last century.'
True enough, but it’s also true that by times investors (or perhaps just extraordinarily lucky art lovers) have earned far greater returns by buying art than a stock-market index would have gained in that same period." [Read Full Article]
Published by: Ottawa Citizen
On: 01/02/12
Website: http://www.ottawacitizen.com
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UK Droit de Suite Comes Into Law
"In case you took your eye off the ball, while everyone was popping their Champagne or Prosecco corks at midnight 2012, the EU Droit de Suite Artist's Resale rights came into effect, here in Britain. This is perhaps the most detrimental law, ever to be passed, since the UK was art market leader, back in the 1960's -1970's. At the beginning of 2011, the UK was the number two secondary market for Modern and Contemporary art, after the United States. It has since slipped into third place after China. British dealers and auction houses will now lose works of art to rival markets in New York, Geneva, Moscow and Hong Kong or wherever the European sales levy, known as Droit de suite is not implemented." [Read Full Article]
Published by: ArtLyst
On: 01/01/12
Website: http://www.artlyst.com
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Leicestershire Council auctions off art collection for over £170,000
"An oil on canvas, painted by the late artist Avinash Chandra, sold for a staggering £16,000 – making it the most expensive painting sold at the auction.
Leicestershire County Council is aiming to cut £79 million from its budget over the next four years, and said that the money raised from the auction would be reinvested in museums." [Read Full Article]
Published by: Blottr
On: 01/01/12
Website: http://www.blottr.com
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2011’s Biggest Art Stories
"TIME Magazine has designated 2011 the year of the “Protester”, and the art world proved no exception, from picketing Teamsters, to an outspoken Chinese activist, to artists fighting for their resale rights. With sales fluctuating at auction, art forgery scandals, and rediscovered masterpieces - this year proved to be very provocative!
MutualArt.com presents our summary of this year’s top news stories that grabbed the headlines, followed by major award-winners, humanitarian nods and a special In Memoriam section." [Read Full Article]
Published by: Mutual Art
On: 12/28/11
Website: http://www.mutualart.com
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Auction Houses See Increase in High-End Contemporary Art Sales
"'The art market is a place for new people these days,' Christophe Van de Weghe, a New York dealer, was quoted as saying. 'There are Americans nobody has seen before who are excited by this world and who want an alternative to shares. And then there are buyers coming in from places like India and China.'" [Read Full Article]
Published by: The New York Times
On: 12/29/11
Website: http://artsbeat.blogs.nytimes.com
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How Is the Art Auction Market Doing?
"Over at Bloomberg, Scott Reyburn calculates that the two major art auction houses, Sotheby’s and Christie’s, sold about $1.7 billion of art in this year’s evening sales, the auctions that typically have the highest-value art on offer. That is a roughly $500 million jump over last year’s total, meaning that, at least at the very upper edge of the art market, collectors are increasingly comfortable shelling out major money for some works (and sellers are comfortable supplying them)." [Read Full Article]
Published by: Gallerist NY
On: 12/28/11
Website: http://www.galleristny.com
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Preparing Christie’s for a quantum leap
"Christie’s hired Steven Murphy as its first American chief executive in September 2010, when he replaced Ed Dolman (who was made chairman but has since joined the Qatar Museums Authority). Murphy’s appointment surprised the market given his music and publishing—rather than art or auction—background. 'Veteran auction watchers are scratching their heads,' said New York’s CultureGrrl column at the time. Since then, say staff, he has worked hard to win respect throughout the business, exerting a subtle but positive influence on the world’s largest auction house. Murphy, who is based in Christie’s London headquarters, talks to The Art Newspaper about his work over the past year, his plans to introduce 'quantum changes' to the business in the internet age and how he will never shake off those rumours about Qatar." [Read Full Article]
Published by: The Art Newspaper
On: 12/13/11
Website: http://www.theartnewspaper.com
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Old Masters Set Records Amid Meager Offerings
"Record prices were achieved at Christie’s auction of old masters and British paintings in London on Dec. 6. The evening auction reached close to $38 million overall with 73 percent of the works selling above their pre-sale estimate.
The records were made, in part, due to the scarcity of fresh new works coming to the market, with buyers competing over what was available.
Art consignors in this category are tending to hold onto their works during the recession. The vendors are doing their best to entice them to sell with overly high sale estimations, many of which were not met at Old Masters Week this month for Christie’s, Sotheby’s, and Bonhams." [Read Full Article]
Published by: The Epoch Times
On: 12/27/11
Website: http://www.theepochtimes.com
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Expensive Art
"Some of Poland’s most expensive paintings can be viewed at the Art NEW Media Gallery through Jan. 4. The exhibition is entitled Art More Valuable Than Gold and features works that have fetched the highest prices at art auctions in Poland over the past two years. For the needs of the exhibition, the gallery has compiled a special list of the most expensive contemporary Polish painters." [Read Full Article]
Published by: The Warsaw Voice
On: 12/27/11
Website: http://www.warsawvoice.pl
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Kerala leader's paintings fetch record price at auction
"At the Taj Hotel in the state capital, one of the two still surviving paintings by one-time kingmaker in Indian politics was auctioned for Rs510,000 (Dh35,520) and the other was presented to his daughter Padmaja Venugopal for which she offered an undisclosed amount to Kerala Lalitha Kala (Fine Arts) Academy which put the paintings up for auction." [Read Full Article]
Published by: Gulf News
On: 12/25/11
Website: http://gulfnews.com
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Art reported stolen is found in owner's St. Paul home
"When works by Rembrandt, Salvador Dali and other noted artists turned up on an Internet auction site last spring, it might have seemed like a sudden boon to the art world.
After all, the artwork had officially been missing since 2007, when a St. Paul man reported that they'd been stolen from him.
When government agents armed with a federal search warrant entered Jason Sheedy's home this month, however, they reported finding those same artworks that he reported stolen four years ago. The warrant and related documents were unsealed this week in St. Paul." [Read Full Article]
Published by: Star Tribune
On: 12/23/11
Website: http://www.startribune.com
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Art market - Still demand for quality works
"The auctions showed that the pressures on the global economy were having a negative impact on sales as revenue was down from the comparable auctions last year . Some works didn’t make their reserve .
There are always exceptions, though, and some quality works by recognised artists fetched record prices." [Read Full Article]
Published by: Financial Mail
On: 12/22/11
Website: http://www.fm.co.za
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Erotic Art and a 200-Year-Old Condom Turn on Paris Buyers at a Titillating $850,000 Auction
"A graphite drawing by Hans Bellmer was the top lot, fetching €27,262 ($35,500) after a mere €3-4,000 ($3,900-5,200) estimate. Two daguerreotypes from 1850-51 by Jules Duboscq also inspired heated competition. The first, a black-and-white depiction of a naked woman gazing into a mirror, reached €24,164 ($31,500), while the second, a color scene of a young man displaying his erect member to a courtesan, was sold for €13,631 ($17,775). A nineteenth-century lacquer box with an image of an orgy accompanied by a concert of wind instruments soared past its €2-3,000 ($2,600-3,900) estimate, finally going for €8,427 ($11,000)." [Read Full Article]
Published by: Artinfo
On: 12/22/11
Website: http://artinfo.com
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Art insurers preparing for busy New Year following 2011 art market boom
"Scott Brady, leader of insurance brokerage DeWitt Stern's operations in California, reported good news and more good news for collectors who have recently acquired artwork form the Elizabeth Taylor Collection or other 2011 event. First, art insurance policies that are separate from conventional property insurance are not that expensive. Rates vary, but the cost for insuring a half-million dollars of art is often less than $500 a year. Second, unlike most auto insurance policies, it is fairly easy to negotiate special clauses that match the particular needs of individual art owners." [Read Full Article]
Published by: Examiner
On: 12/20/11
Website: http://www.examiner.com
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Four Things to Know About the Nutty New Droit de Suite Bill Introduced in Congress Last Week
"On the surface, the Nadler-Kohl bill seems rational — it's a populist response to the corporate behemoths that rule the art world and give collectors in the 1 percent a platform on which to throw millions of dollars back and forth between one another. But the problem is that it goes too far and is likely to backfire. The tax is substantial enough to cause the auction houses to change their business model rather than pay it, and in the end it would serve to either line the pockets of the establishment while punishing struggling artists, or push even more of the auction market to Hong Kong." [Read Full Article]
Published by: Artinfo
On: 12/21/11
Website: http://artinfo.com
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DP World Raises Funds For Al Noor Special Needs Training Center Through Auction Of Art
"Children with special needs will benefit from the combined efforts of DP World and renowned young Emirati artist and DP World employee Farid Mohammed Al Rais.
DP World purchased the painting earlier this year and donated it to an auction to raise funds for the Al Noor Training Centre for Children with Special Needs in Dubai.
The work of art fetched AED 25,000 and the money will go towards supporting the Centres humanitarian efforts to provide quality education and therapy services to children with special needs." [Read Full Article]
Published by: Eye of Dubai
On: 12/21/11
Website: http://www.eyeofdubai.com
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888 Auctions to Feature Important Zhang Daqian Chinese Watercolour Painting
"After a successful year in 2011, 888 Auctions is prepared to usher in the new year with its first sale, Chinese Paintings and Asian Works of Art, Thursday, January 12th, 2012. Comprised of over 550 lots, the auction will showcase an enticing collection of Asian art and antiques including but not limited to paintings, porcelains, bronze cast Buddhist deities, fine furniture, ivory, jade and shoushan carvings. Items have been meticulously selected for their fine artistic merits, historical value, and exceptional provenance.
With the skyrocketing value of Chinese paintings, buyers will be happy to hear the inclusion of two outstanding watercolour paintings." [Read Full Article]
Published by: Art Fix Daily
On: 12/19/11
Website: http://artfixdaily.com
Looking for original art? Visit Artistically Connected today!
Hirst, Warhol Prices Outperform S&P 500 in Art Index
"Art by Damien Hirst and Andy Warhol outperformed the Standard & Poor’s 500 index over the past 10 years, according to a new measure by Artnet AG designed to rank the performance of art as an asset.
Since 2002, Hirst’s prices have increased almost threefold, though they had risen fivefold through 2007 and have since fallen, according to a graph compiled by Artnet using its new product. Warhol has performed even better, with prices gaining fourfold and almost returning to peak 2007 levels this year. The S&P 500 has risen about 7 percent in the decade." [Read Full Article]
Published by: Bloomberg
On: 12/21/11
Website: http://www.bloomberg.com
Looking for original art? Visit Artistically Connected today!
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