NEW YORK (REUTERS).- Buoyed by record results amid a dramatic art market recovery and an increasingly global clientele, Christie’s and Sotheby’s are gearing up for spring auctions with nearly $1 billion of art for sale. Last year proved one of the bes…
Picasso, Magritte, Monet, Dali and Other Impressionist & Modern Artists In Sotheby’s Major May Sale
New York City.- Sotheby’s Impressionist & Modern Art Evening Sale on 3 May 2011 in New York will offer an impressive range of paintings and sculpture from across the period. A spectacular group of 10 paintings by Pablo Picasso will be le…
Sotheby’s Sells Record $447 Million of Asian Art
HONG KONG.- Auction giant Sotheby’s (BID.N) sold $447 million worth of Asian art, wine, watches and jewellery in its Asian spring sales, in another bullish showing for the Chinese art market despite weak results for a monumental collection of Chinese c…
Sotheby’s London Sale of Contemporary Turkish Art Realises Total of £2.3 Million
LONDON.- Sotheby’s Sale of Contemporary Turkish Art today achieved a total of £2,332,175 ($3,800,512), within pre-sale expectations (est. £2-3 million). The auction established sell-through rates of 65.7% by lot and 75.4% by value, and set 13 n…
Artprice: the 2010 Art Market Annual Report – China Winner of the Past Decade
PARIS.- During the past decade, two strong trends have emerged: firstly, as per the words of Thierry Ehrmann, the Ceo and founder of Artprice, the world leader in art market information, “we have seen a veritable revolution in the geopolitics of the gl…
Chinese Contemporary Primary Market Confidence Indicator Rose Whopping 28% Since September
NEW YORK, NY.- ArtTactic’s newest survey of the Chinese contemporary art market reflects what many in the art world have suspected over the past six months: the confidence of Chinese collectors in contemporary art has now made China the “most…
Christie’s in London to Sell Portrait by British Artist Lucian Freud, Eye on Russian Market
LONDON (REUTERS).- Christie’s auctioneers will offer a portrait by Lucian Freud which it described as “seminal” in the career of the British artist at a sale in London on June 28. “Woman Smiling,” painted in 1958/9, is the only single portrait Freud ma…
Claude Monet’s Les Peupliers" Set to Fetch $25 Million at Christie’s Auction in New York
NEW YORK, N.Y. (REUTERS).- A pristine Monet masterpiece from the artist’s celebrated “Poplars” series will be featured at Christie’s in May, when it is expected to sell for as much as $30 million, the auction house said on Friday. “Les Peupliers,” the …
Bubble Trouble Spoils China’s "Art Shares" Party
BEIJING (REUTERS).- China’s maiden “art stock exchange” has halted trade in its top two paintings after their share prices soared 1,700 percent and ignited concerns that a new bubble was bursting. Just two months after the Tianjin Cultural Artwork Exch…
China Overtakes Britain as the World’s Second Largest Art and Antiques Market
LONDON (REUTERS).- China overtook Britain as the world’s second largest art and antiques market last year, a new report showed, and British art officials voiced concern that an EU levy planned in 2012 would further undermine its position. “The Global A…