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Forte Collection’s Old Masters Fly While Others Flounder at Sotheby’s
The old masters' rocky performance at Christie's on Wednesday was repeated yesterday with a halfhearted showing at Sotheby's. Nearly half the lots, 141 of 350, failed to sell. The highest-priced offerings did well, helping to bring in a decent $62.1 million total and setting auction records for several artists, including Fra Bartolommeo, Simone Martini and Charles-Antoine Coypel.
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Christie's Old Master Sale Cashes in on Liz Taylor, Otherwise Disappoints
The first of a four-part sale of old masters at Christie's in New York yesterday brought tepid results, fetching $34.3 million, well below a pre-sale estimate of $38–56 million. Despite property from the estate of Elizabeth Taylor, and marquee names including Rubens, van Dyck, Pieter Brueghel the Younger, Hans Memling, Frans Hals and Giambattista Tiepolo, several pricey offerings fell short of expectations.
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Collectors Push Past Sotheby's Protestors, Spend
Nine angry protesters were arrested on York Avenue outside of Sotheby's last night as some of the world's wealthiest art collectors spent $315.8 million at the contemporary art auction, blasting by the $270-million projected high estimate. The arrests were made during a rowdy demonstration over a labor dispute between the auctioneer and art handlers. Protestors from Occupy Wall Street added a more militant component to the demonstration, which was "loud and unruly from the start," according to an NYPD spokesman.
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Christies Contemporary Sale Sets Nine Artist Records
Financial jitters faded from the picture last night at Christie's Rockefeller Center headquarters as contemporary artworks sold by software mogul Peter Norton helped propel the auction to a $247.6-million tally, with 90 percent of lots finding buyers. "It did extraordinarily well, way outside what one might have expected," art advisor Thea Westreich told A.i.A. "To try to rationalize" the good results in this economic climate "is post-auction baloney."
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Phillips Hedges Bets With High Reserves
A contemporary sale studded with works by Cy Twombly, Damien Hirst and Cindy Sherman tallied $71.3 million last night at Phillips de Pury & Company in New York. The sale, held in the company's Midtown auction room, launched the second week of big money evening sales in New York. Last week's Impressionist and modern auctions at Sotheby's and Christie's totaled $400.2 million.
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Two slide carousels, 80 slides each, approx. 9-minute loop. Courtesy Callicoon Fine Arts, New York.
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