Catch a Rising Star at the Auction House

No longer does museum validation or scholarly attention determine a painting’s value. Now, the collectors’ hunger comes first, and institutions must follow.

#art, #auctions, #basquiat-jean-michel, #christies, #museums, #phillips-auctioneers-llc, #pollock-jackson, #sothebys, #warhol-andy, #weyant-anna-1995, #weyant-paul-1984, #wong-matthew-1984-2019

Spring Auction Sales for Two Blockbuster Weeks Top $2.5 Billion

Eleven auction records for artists — six by women — were smashed on Thursday night in two sales at Sotheby’s.

#art, #auctions, #christies, #leigh-simone-1968, #phillips-auctioneers-llc, #quarles-christina-1985, #sean-scully, #sothebys, #venice-biennale

Warhol’s $200 Million ‘Marilyn’ Could Test Art Market’s Health

The painting is poised to wrest the auction high for an American artwork from Jean-Michel Basquiat.

#art, #auctions, #basquiat-jean-michel, #christies, #marilyn-monroe, #monroe-marilyn, #phillips-auctioneers-llc, #picasso-pablo, #rotter-alex, #sothebys, #warhol-andy

New York City Eliminates the Rules That Govern Art and Other Auctions

Auction houses like Sotheby’s and Christie’s will no longer need to be licensed as part of a sweeping package designed to promote a business-friendly climate.

#art, #auctions, #christies, #city-council-nyc, #consumer-protection, #department-of-consumer-and-worker-protection-nyc, #law-and-legislation, #phillips-auctioneers-llc, #regulation-and-deregulation-of-industry, #sothebys, #united-states-politics-and-government

Basquiat Show Curated by His Sisters Offers Intimate Look at the Artist

The exhibition at the Starrett-Lehigh building in Chelsea features more than 200 artworks and artifacts from the collection of the artist’s estate, most of which have never been seen.

#art, #auctions, #basquiat-jean-michel, #chelsea-manhattan-ny, #content-type-personal-profile, #nahmad-contemporary-manhattan-ny-gallery, #orlando-museum-of-art, #phillips-auctioneers-llc, #rizzoli-international-publications

Auction House Owned by Russians Tries to Distance Itself From War

With charitable donations and public statements in support of Ukraine, Phillips auction house is trying to deflect those pushing for a boycott of the business, owned by two wealthy Russians.

#art, #auctions, #boycotts, #dolman-edward, #friedland-leonid-auction-house-executive, #mercury-group, #phillips-auctioneers-llc, #russia, #russian-invasion-of-ukraine-2022, #strunin-leonid, #ukraine

Magritte Sets Record With $79.7 Million Sale at Sotheby’s

“L’empire des lumières” (1961), one of a series by the Surrealist, was auctioned during a bustling London art week.

#art, #auctions, #christies, #lempire-des-lumieres, #magritte-rene, #phillips-auctioneers-llc, #sothebys

Speculators Win Big With Bets on Young Artists

When demand outstrips supply, there is huge money to be made by “flipping”— the practice of buying low from the artist’s gallery and reselling high at auction.

#art, #collectors-and-collections, #content-type-personal-profile, #crosby-njideka-akunyili, #finances, #ghana, #murillo-oscar-1986, #phillips-auctioneers-llc, #smith-lucien-1989, #victoria-miro, #yukhnovich-flora

Experts Share Some Tips on How to Buy Vintage Jewelry

How do you go about buying online? Should a piece be signed? And what’s good value right now?

#a-la-vieille-russie, #christies, #content-type-service, #jewels-and-jewelry, #luxury-goods-and-services, #new-york-city, #phillips-auctioneers-llc, #shopping-and-retail, #sothebys, #your-feed-fashion

Auction Prices That Take Your Breath Away

Prices for works by some relatively new artists have skyrocketed, seemingly overnight.

#armitage-michael-1984, #art, #auctions, #boafo-amoako-1984, #christies, #curtiss-julie-1982, #davis-noah-1983-2015, #hauserwirth, #party-nicolas, #phillips-auctioneers-llc, #sothebys, #wong-matthew-1984-2019

Auction Houses Postpone Live Sales and Pivot to Online

In response to Covid-19, Sotheby’s, Christie’s and Phillips are stepping up digital selling, but the prices don’t yet come close to those in the auction room.

#art, #auctions, #cerutti-guillaume, #christies, #computers-and-the-internet, #coronavirus-2019-ncov, #e-commerce, #phillips-auctioneers-llc, #rm-sothebys-inc