Art in America - Most Recent The Market Posts

Warhol Enlivens Phillips Evening Sale

Sarah Cascone — Fri, 17 May 2013 15:00:00 +0100

Last night's contemporary art sale at New York auctioneer Phillips totaled $78.6 million, falling short of the evening's high estimate of $110 million. The undisputed star of the evening, Andy Warhol, accounted for three of the evening's top 10 sales, with his silkscreen painting Four Marilyns (1962) ringing in at $38.2 million. The house found buyers for 31 of the 38 lots offered.

Christie's Sells Nearly Half a Billion Dollars of Contemporary Art

Brian Boucher — Thu, 16 May 2013 09:00:00 +0100

Christie's contemporary art sale last night achieved the highest total in auction history at $495 million. Records were set for Pollock, Lichtenstein, Basquiat, Manzoni, Tuymans, Cornell, Hofmann, Guston, Noland, Mehretu, Serra and Ruth Asawa in a two-hour sale in a buzzing, packed room in which 94 percent of artworks offered found buyers among an exceptionally active field of telephone and in-room bidders.

EXPO Chicago Announces Participating Galleries

Julia Wolkoff — Wed, 15 May 2013 17:15:00 +0100

Expo Chicago president and director Tony Karman revealed the list of 120 galleries, hailing from 16 countries and 35 cities globally.

Newman, Richter and Klein Make Records at Sotheby's

Brian Boucher — Wed, 15 May 2013 09:00:00 +0100

Works by Barnett Newman, Gerhard Richter and Yves Klein led a $294-million contemporary art sale at Sotheby's New York last night, each setting an auction record. At $37.1 million, the Richter set an auction record for any living artist. After fevered bidding on some early lots, including works by Cy Twombly, John Currin and George Condo that benefited the Whitney Museum, however, the room cooled off.

Leonardo DiCaprio and Christie's Aim to Save the Planet

Brian Boucher — Tue, 14 May 2013 12:40:00 +0100

Leonardo DiCaprio and Christie's New York raised $38.8 million at an auction last night to benefit the Leonardo DiCaprio Foundation. Along the way, auction records were set for no fewer than 13 artists among the 33 in the sale.

Basquiat, Bacon and Newman lead 700-Million-Dollar Auction Week

Brian Boucher — Tue, 14 May 2013 10:00:00 +0100

Nearly $700 million worth of postwar and contemporary art may change hands at evening auctions this week.

Working NADA with Dan Byers

William S. Smith — Mon, 13 May 2013 13:30:00 +0100

Arriving at Basketball City, the Lower East Side athletic facility that houses the second NADA New York art fair (through May 13), Dan Byers was thinking about work in all its forms.

Walking Through Frieze with Amy Smith-Stewart

Brian Boucher — Fri, 10 May 2013 11:00:00 +0100

Riding the water taxi across the East River to Randalls Island for a VIP preview of the Frieze New York art fair (through May 13), curator Amy Smith-Stewart recalled that art fairs had already changed the art world ecosystem as early as eight years ago.

Collective.1 Design Fair Debuts on the Hudson River

Brook Mason — Thu, 09 May 2013 16:30:00 +0100

Can a new design fair compete with high-profile events taking place in New York this week, like the Frieze art fair and the May art auctions?

Christie's Impressionists Find Ready Buyers

Brian Boucher — Thu, 09 May 2013 10:30:00 +0100

"Though there were a few very nice things for sale this week, it's getting more and more difficult to find great Impressionist and modern material," New York dealer Daniella Luxembourg told A.i.A. at the auction house.

Frieze New York's Sophomore Outing: A Preview

Leigh Anne Miller — Wed, 08 May 2013 13:00:00 +0100

In the midst of setting up her booth at the Frieze Art Fair, Los Angeles dealer Susanne Vielmetter was presented with a last-minute problem.

Sotheby's Rakes in 230 Million on Impressionists

Brian Boucher — Wed, 08 May 2013 11:30:00 +0100

Some tabloid-worthy buyers were present, such as the indicted New York art dealer Helly Nahmad, in his customary front-row seat on the sales floor, though he was not seen to bid. In a private viewing room, meanwhile, was hoodie-clad rapper LL Cool J, recently in the press for a controversial guest appearance on country singer Brad Paisley's widely panned tune "Accidental Racist."

Artist Newsstand Offers Art (and Cigarettes) under 30 Dollars

Emily Leisz Carr — Tue, 07 May 2013 16:00:00 +0100

As the New York art world begins one of its busiest months of the year, marked by the Frieze art fair and satellites Pulse, PooL and NADA along with major auctions, three young artists are offering the city a different kind of art market.

Battle Heats Up Over Resale Royalties for Artists

Tracy Zwick — Tue, 07 May 2013 15:00:00 +0100

Federal legislation that has been in the works for years and could dramatically impact artists' incomes and art dealers' profits recently received a public hearing in Washington, D.C., and appears destined for reintroduction in Congress perhaps as early as this session.

Top Finds at Paris Photo Los Angeles

Colin Westerbeck — Tue, 07 May 2013 00:00:00 +0100

Like Art Basel, which branched out from Basel to Miami in 2002 and will add Art Basel Hong Kong this month, Paris Photo established a new venue this year with Paris Photo Los Angeles. The fair, which will have its 17th edition in France in November, chose Paramount Pictures Studios in Hollywood as its L.A. beachhead.

Jonathan Horowitz Brings 'Free Store' to Art Basel

Casey Lesser — Mon, 06 May 2013 12:30:00 +0100

So, you want to bring something home from an art fair, but your budget is limited?

Celebrity Sellers at May Impressionist Auctions

Brian Boucher — Wed, 01 May 2013 15:00:00 +0100

Impressionist and modern works of art from the collections of Madonna, Gregory Peck and Alex Lewyt, the inventor of the clip-on bow tie, will be up for grabs when Sotheby's and Christie's start the New York spring auction season next week.

Paris Photo Comes to Los Angeles

Linda Green — Mon, 29 Apr 2013 16:34:00 +0100

The Californian spring fair aims to provide a counterpoint to the saturated calendar of fairs in New York and Miami Beach. At 73 exhibitors, including galleries and book dealers, participation was considerably less than the 128 galleries and 23 book specialists that attended the last Paris iteration.

Sotheby's Sees Climbing Results at Doha Sale

Brian Boucher — Wed, 24 Apr 2013 14:30:00 +0100

The top price paid was for Judd's Untitled (Bernstein 90-01), a 1990 wall stack of black aluminum and Plexiglas. It brought $3.5 million, equal to its high estimate, from an unidentified U.S. dealer.

Art Cologne Fends off Challenge from Art Brussels

David Ulrichs — Tue, 23 Apr 2013 16:00:00 +0100

Belgian collector Luc Haenen went to both fairs and told A.i.A. that he "found Art Cologne quite a bit more interesting than Art Brussels this year. It was a mix of top players such as Zwirner, Hauser & Wirth and Ropac, the best of local galleries like Buchholz, and cutting-edge galleries like Bugada & Cargnel [Paris] and Soy Capitán [Berlin]."