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October 12, 2008 2:49:24 AM CDT

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Stories related to: art auction

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  • September 2008

    • Lehman CEO's Art Collection Goes Up for Sale

      Bloomberg  |  Sep 27, 08 9:16 AM CDT

      Lehman CEO's Art Collection Goes Up for Sale

      (Newser) - A $20-million collection of abstract expressionist drawings belonging to Lehman boss Richard Fuld and his wife is to be sold by Christie's, Bloomberg reports. Fuld's net worth has taken a whack with the collapse of Lehman stock; the sale, which includes 3 de Koonings, was anounced 4 days after the company declared bankruptcy. Kathy Fuld is a well-known modern art collector and MoMA trustee. More »

      Tags

      art  • Lehman Brothers  • art auction  • Christie's  • art collector  • Richard Fuld

    • Iconic Munch Could Fetch $35M

      Independent (UK)  |  Sep 23, 08 6:19 AM CDT

      Iconic Munch Could Fetch $35M

      (Newser) - A masterpiece by Norwegian artist Edvard Munch that has spent 70 years in private hands will be sold on the open market, reveals the Independent , where it's expected to fetch $35 million. Vampire , painted in 1894, is the last privately owned work from a 20-canvas series that also includes The Scream . The painting has been on long-term loan to the Metropolitan Museum of Art in New York. More »

      Tags

      painting  • Norway  • art auction  • Edvard Munch

    • Hirst Auction Yields $199M

      Forbes  |  Sep 17, 08 4:50 PM CDT

      Hirst Auction Yields $199M

      (Newser) - Damien Hirst sold 223 pieces of artwork for $199 million by the end of a two-day auction yesterday, shattering the record for most revenue in an auction of a single artist’s work, Forbes reports. The previous mark was held by Pablo Picasso, with 88 sold for $20 million in 1993. Hirst himself set a target of $116 million. More »

      Tags

      credit crisis  • art market  • art auction  • Damien Hirst  • sales  • Pablo Picasso

    • As Stocks Slide, Hirst Auction Breaks Records

      New York Times  |  Sep 16, 08 8:18 AM CDT

      As Stocks Slide, Hirst Auction Breaks Records

      (Newser) - Damien Hirst won the biggest gamble of his career at Sotheby's last night—as lot after lot of the artist's work beat high estimates, totaling $127.2 million in sales. While the markets tumbled in New York, bidders in the London saleroom bought up dozens of brand-new Hirsts, from taxidermied animals to abstract paintings, in an auction that could have far-reaching implications for the art world. More »

      Tags

      London  • art  • art market  • Sotheby's  • art auction  • Damien Hirst

    • Stones' Lips Logo Locks $93K

      Associated Press  |  Sep 2, 08 11:21 AM CDT

      Stones' Lips Logo Locks $93K

      (AP) - Mick Jagger's pout is officially fit for a museum. London's Victoria and Albert Museum announced today it bought the original artwork for the Rolling Stones' famous lips logo, inspired by the singer's mouth, for $92,500. The lips-and-tongue logo was designed by London art student John Pasche in 1970, and first used on the band's "Sticky Fingers" album the next year. More »

      Tags

      London  • art auction  • Rolling Stones  • art museum  • Mick Jagger

  • July 2008

    • Masters Shore Up Shaky Art Market

      Wall Street Journal  |  Jul 3, 08 9:48 AM CDT

      Masters Shore Up Shaky Art Market

      (Newser) - The art market has again defied the economic downturn, with Christie's and Sotheby's bringing in more than $1 billion combined during the past two weeks' London sales—a 19% rise from last year. But those numbers disguise the erratic nature of the market, writes the Wall Street Journal . While new collectors from Russia and the Middle East are paying top dollar for works by established modern masters, younger artists went bust. More »

      Tags

      art  • art market  • Sotheby's  • art auction  • Christie's

  • June 2008

    • Monet Sells for Record $80.4M

      New York Times  |  Jun 24, 08 9:30 PM CDT

      Monet Sells for Record $80.4M

      (Newser) - 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 »

      Tags

      auction  • art auction  • Christie's  • impressionist art  • Claude Monet  • bid

    • Hirst Goes Straight to Auction

      Time  |  Jun 19, 08 10:36 AM CDT

      Hirst Goes Straight to Auction

      (Newser) - In recent years, art collectors and auction houses have been reaping the profits of soaring contemporary art prices, while living artists watched with chagrin. Now Damien Hirst has stepped into the fray, bypassing the gallery system and bringing his latest works straight to auction. "It’s a very democratic way to sell art," says Hirst, "and it feels like a natural evolution for contemporary art." More »

      Tags

      art  • Sotheby's  • art auction  • Damien Hirst  • gallery

  • May 2008

    • Bacon Breaks Record as Art Market Sizzles

      Reuters  |  May 15, 08 3:30 AM CDT

      Bacon Breaks Record as Art Market Sizzles

      (Newser) - A 1976 triptych painting by Francis Bacon became the most expensive piece of contemporary art ever sold when it went for $86.2 million at auction last night, Reuters reports. Seventeen other artists also set records at the sale, boosting Sotheby's to the best night in its 300-year history and quashing predictions that the economic slowdown would douse the red-hot market for postwar art. More »

      Tags

      art  • painting  • art market  • Sotheby's  • art auction  • Robert Rauschenberg  • Francis Bacon

    • Art Continues to Buck Ragged Economy

      New York Times  |  May 14, 08 2:21 PM CDT

      Art Continues to Buck Ragged Economy

      (Newser) - Christie's auction of contemporary art in New York belied an economic downturn, the Times reports, with paintings, sculpture, and even a house fetching handsome prices. Two works drew particular attention: a portrait of a 280-pound nude woman by Lucian Freud, which sold for $33.6 million, and a house in Palm Springs by Richard Neutra, which fetched $16.8 million. More »

      Tags

      art  • art market  • art auction  • Christie's  • Mark Rothko  • Lucian Freud

    • Monet Sells for Record $41M

      New York Times  |  May 6, 08 10:05 PM CDT

      Monet Sells for Record $41M

      (Newser) - A Monet painting sold at Christie’s tonight for $41.4 million, a record price for the artist, the New York Times reports. Three bidders competed for the 1873 impressionist painting “The Railroad Bridge at Argenteuil,” which Christie’s estimated would go for $35 million. The high bid of $37 million pushed the final price, which includes auction house commissions, above $40 million, providing further evidence that the economic downturn has yet to dent the art world. More »

      Tags

      auction  • art auction  • Christie's  • impressionist art  • Claude Monet  • bid

    • Art Auction Houses Predict 25% Bump

      Financial Times (UK)  |  May 5, 08 9:30 AM CDT

      Art Auction Houses Predict 25% Bump

      (Newser) - 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 »

      Tags

      art market  • Sotheby's  • art auction  • Christie's  • impressionist art

  • April 2008

    • Spring Art Auctions Surrounded by Crash Talk

      Slate  |  Apr 29, 08 10:25 AM CDT

      Spring Art Auctions Surrounded by Crash Talk

      (Newser) - It's auction season again in the art world, and Sotheby's and Christie's have put record estimates on dozens of paintings. Despite warnings in the media of an imminent crash, prices of fine art seem to be impervious to the global economic downturn. It's enough to make one writer at Slate wonder: Are observers of the art market rooting for a collapse? More »

      Tags

      art  • art market  • Sotheby's  • art auction  • Christie's

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

      AFP  |  Apr 10, 08 8:11 PM CDT

      Carla Nude Pic Fetches $91K at Christie's

      (Newser) - 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 »