Monet Sells for Record $41M

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• Monet Sells for Record $80.4M

  Jun 24, 08 9:30 PM CDT
  One of Monet’s rare waterlily paintings sold at Christie’s in London tonight for more than $80 million, a record price for the artist, the New York Times reports. At least six buyers competed for Le Bassin aux Nympheas, a 1919 work from a series of paintings considered among Monet’s most important. An anonymous buyer won the painting with a high bid of $80.4 million. More »

• Art Auction Houses Predict 25% Bump

  May 5, 08 9:30 AM CDT
  The New York art auction season begins today, and Sotheby’s and Christie’s say they believe the art market’s 5-year boom will continue, forecasting $1.8 billion in sales, reports the Financial Times. The prediction of a 25% boost over last year flies in the face of financial-market lassitude and nervousness among collectors and dealers. Prices jumped 18% in 2007. More »

• Carla Nude Pic Fetches $91K at Christie's

  Apr 10, 08 8:11 PM CDT
  Sarkozy isn't the only one who gets to see his wife in the buff: a collector paid $91,000 for a photograph of a naked Carla Bruni at Christie's today. The auction house expected Michel Comte's 1993 portrait of the French first lady to sell for no more than $4,000, AFP reports. Brigitte Bardot, however, was the auction's big winner: Richard Avedon's photograph of the French star fetched $181,000. More »

• Contemporary Art Scores for Auction Houses

  Dec 27, 07 11:39 AM CST
  Contemporary art has been very good to Sotheby’s, fueling a 46% boost in sales for the world’s second-largest auctioneer this year over last, Bloomberg says. A crop of new collectors from the US, Russia and Asia brought new records for artists like Francis Bacon and Jeff Koons, for a total take of $5.33 billion. But some dealers fear the craze could be headed for a crash. More »

• Art Market Sails Over Turmoil

  Dec 26, 07 6:01 AM CST
  US financial markets were in chaos this year, but the art market certainly wasn't. The expanding ranks of the super-rich, the weak dollar, and emerging connoisseurs from Russia, China, India, and the Middle East kept auction houses in fine form, the AP reports, with postwar and contemporary works—including a $71 million Warhol—leading the way. More »