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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: art market

art market stories: 46 news summaries

21 - 40 of 46 Stories | << Prev 1 2 3 Next >>

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 Masters Shore Up
 Shaky Art Market 

Auctions break records, but living artists' work suffers

Jul 3, 08 9:48 AM CDT
(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... More »

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

 Art Basel: Brisk Sales,
 but No Frenzy 

Collectors buy, but enthusiasm is low at Swiss art fair

Jun 5, 08 9:55 AM CDT
(Newser) - Art Basel, the world's most prestigious (and most expensive) art fair, opened Tuesday in Switzerland amid grumbles that works for sale were of middling quality and overpriced. "Now there are just too many art fairs," said a director of PaceWildenstein, one of New York's biggest galleries. As the... More »

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art market • art • Switzerland • Art Basel

Bacon Breaks Record
as Art Market Sizzles

Artist's 1976 masterpiece sells for $86M at red-hot Sotheby's sale

May 15, 08 3:30 AM CDT
(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... More »

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

 Art Continues to Buck 
 Ragged Economy 

Contemporary works bring $348M at Christie's—which even sells a house

May 14, 08 2:21 PM CDT
(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... More »

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

 Art Auction Houses
 Predict 25% Bump 

Sotheby's and Christie's prepare for booming auction season—they hope

May 5, 08 9:30 AM CDT
(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... More »

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

analysis

Spring Art Auctions Surrounded by Crash Talk

Writers keep predicting implosion, but it might never come

Apr 29, 08 10:25 AM CDT
(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 ... More »

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

 Not a Great Time to Be an Artist 

Top financier predicts sharp downturn in market

Apr 3, 08 5:50 PM CDT
(Newser) - The exploding art market may be about to deflate: New York’s flurry of contemporary art fairs last week had surprisingly good sales in light of the economic times, reports Portfolio, but the president of one of the nation’s most active lenders against art predicts a sharp downturn from... More »

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art market • contemporary art • art • recession • art collector • art auction

 Art Funds Looking Far East 

As West's growth slows, managers aim to buy, and sell, in China, Middle East, India

Mar 20, 08 11:54 AM CDT
(Newser) - With major economies slowing and the US dollar near historic lows, art investment funds are looking to move away from the slowing Western art market, Bloomberg reports. Funds are sinking millions into works from China, India, and the Middle East. One leading fund has met its target for contemporary Chinese... More »

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art market • art • Christie's • hedge fund • investment • Fine art market • ArtTactic • Security and Exchange Board of India • Phillips de Pury

 Getty Lands a Morbid Gauguin 

LA museum buys painting of decapitation scene after 8-year search

Mar 12, 08 2:53 PM CDT
(Newser) - The J. Paul Getty Museum has acquired an 1892 work by Paul Gauguin the Los Angeles institution's curator calls "the most famous painting by Gauguin that no one has seen," the Los Angeles Times reports. Arii Matamoe (The Royal End)—bought from a Swiss collector for an undisclosed... More »

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art market • art • Los Angeles • J. Paul Getty Museum • Paul Gauguin • Tahiti • Arii Matamoe • The Royal End

Sonic Youth's Album Art for Sale

Painting that graced classic Daydream Nation cover goes up for auction

Feb 21, 08 11:25 AM CST
(Newser) - Music fans for whom Sonic Youth's Daydream Nation is an all-time classic will get a chance next week to bid on the painting that served as album-cover art, the Independent reports. Kerze (Candle), a 1983 work by German Gerhard Richter, is one in a series of still lifes based... More »

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art market • art • Sotheby's • painting • rock and roll • art collector • Sonic Youth • art auction • Gerhard Richter

Gauguin Sculpture a Fake

'The Faun' outed as impostor after decade in Chicago art museum

Dec 12, 07 12:03 PM CST
(Newser) - After a decade on display at the Art Institute of Chicago, a ceramic figure allegedly sculpted by Paul Gauguin was revealed yesterday to be a fake. The museum discovered 'The Faun,' a half-man, half-goat figure, to be the work not of the 19th century French artist, but of a... More »

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art museum • art market • Chicago • art • Britain • art auction • Paul Gauguin • Art Institute of Chicago • forgeries • Shaun Greenhalgh • Olive Greenhalgh • George Greenhalgh • forgery

In Miami, High Prices Make Buyers Hesitate

Art Basel opens to huge crowds, but some sense a slowdown

Dec 6, 07 7:06 AM CST
(Newser) - Art Basel Miami Beach opens to the public today, but yesterday's VIP preview saw the now-traditional mad dash of collectors to snatch up works. Many people attending the preview were complaining about high prices, the Miami Herald reports—not least at those galleries that are pricing work in euros. Despite... More »

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art market • art • Miami • Art Basel

Rockwell Santa Painting Sells for $2.17M

Prices for magazine cover originals may
be heading north

Nov 30, 07 2:02 PM CST
(Newser) - Straddling the line between art, illustration, and extravagant Christmas gift, Norman Rockwell's "Extra Good Boys and Girls" raked in $2.17 million at a Christie's auction this week. The painting, originally a 1939 Saturday Evening Post cover, didn't hit the $2.5 million to $3.5 million estimate, but... More »

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art market • art • Christie's • Norman Rockwell • auction • painting • art auction

Mama Mia! 400-Year-Old Table Found
in Pizzeria

Expected to fetch $2M
at upcoming auction

Nov 29, 07 6:15 PM CST
(Newser) - A 17th-century cabinet expected to fetch up to $2 million at auction has an unlikely provenance: its long-missing bottom half was discovered outside the bathrooms at a pizza parlor. The Telegraph reports that the cabinet, which depicts St. Peter's Square and other images of Rome, was missing the carved wooden... More »

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art market • Sotheby's • auction

Art Market Defies Crash Fears With Record Sale

Christie's contemporary evening shatters 16 records

Nov 14, 07 6:21 AM CST
(Newser) - So much for a correction: at last night's sale of modern and contemporary art at Christie's in New York, 16 artists achieved record prices and 61 out of 66 lots sold. Dealers were in shock as collectors continued to snatch up works at astronomical prices. Even a lesser work such... More »

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art market • art • Sotheby's • Christie's • painting

Matisse Pulls Impressive $33.6M

Art world breathes easier after first night of stellar sales

Nov 7, 07 7:20 AM CST
(Newser) - A nervous New York art world breathed a sigh of relief on the first night of the fall auctions yesterday when a Matisse painting fetched a whopping $33.6 million, far above its high estimate. Collectors and dealers are watching November's sales at Sotheby's and Christie's with anxiety, reports the... More »

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art market • art • Sotheby's • Christie's • painting • Matisse • Cézanne • Signac • art auction

Top NYC Gallery Shuttered As Lawsuits Mount

Angered investors, artists accuse owner of 'Ponzi scheme'

Oct 18, 07 11:20 AM CDT
(Newser) - Visitors arrived yesterday at New York's Salander-O'Reilly Gallery for a Caravaggio exhibition only to discover the gallery shuttered and the exhibition postponed. In fact, it might never open: Guards were seen carting off dozens of paintings from the gallery's Upper East Side townhouse. Its owner is facing no fewer than... More »

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art market • art • painting

Chinese Art Booms at London Sales

But prices for Western art shaky as buyers get credit-crisis jitters

Oct 16, 07 9:40 AM CDT
(Newser) - Could turmoil in the financial world trigger an art market crash? That was the question on everyone's mind in London over the weekend during the Frieze Art Fair and the first major sales at Christie's and Sotheby's since the credit crisis. Though the fairs and auctions had all the energy... More »

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art market • London • art • Sotheby's • auction • painting

New Shanghai Art Fair Wows Critics, Dealers

Western traders are panicked, but in China the market's booming

Sep 12, 07 5:45 AM CDT
(Newser) - Western art dealers are jittery about the coming month's fairs in London and Paris, but at Shanghai's first international contemporary art fair the mood was buy, buy, buy. The Telegraph traveled to ShContemporary, a fair that assembled galleries from Asia, Europe and the US. Censorship might reign in the People's... More »

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China • art market • art • Shanghai • ShContemporary

Uncertain Art World Awaits Fall Sales

Credit crisis has auctioneers, galleries bracing for bear market

Aug 29, 07 10:47 AM CDT
(Newser) - As the art world returns from its summer hiatus, dealers, auctioneers, and collectors are on edge about a possible downturn in the market, the Times reports. Fallout from the global credit crunch has led to speculation that astronomical prices for art, particularly in the contemporary sector, may be heading for... More »

MORE ABOUT:
art market • Eli Broad • art • auction • credit crisis • art collector

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