Paul Smith picked an unlikely venue for his first international collection in 1976: an unglamorous ground-floor hotel room in Paris’s Latin Quarter.
A Francis Bacon triptych became the priciest artwork at auction in the biggest sale ever last night in New York.
After two disappointing Christie’s auctions, Sotheby’s sold $290.2 million of Impressionist and modern art in New York last night, the category’s highest tally since the May 2012 sale in which Munch’s “Scream” sold for $120 million.
Christie’s flopped for a second consecutive night in New York, as top-priced lots by Picasso, Modigliani and Leger failed to find buyers at a listless Impressionist and modern-art auction.
China’s richest man, Wang Jianlin, bought Picasso’s painting of his young children, Claude and Paloma, for $28.2 million at Christie’s in New York yesterday, the auction house said.
More than $2 billion of Impressionist, modern, postwar and contemporary art is coming to the auction block in New York, up 40 percent from the May auction cycle.
Art from the collection of the Geneva-based dealer Jan Krugier, who sold works for the family of Picasso, is estimated to raise at least $170 million when it is auctioned in New York in November.
The value of the world’s most expensive items sold at auction more than doubled in 2010 as the top end of the market bounced back from the financial crisis.
Hubert Looser built up two companies, sold shares to the public, made his fortune, then got bored of business and switched to art.
There are signs of renewed confidence in the art market, to judge from the girth of the latest round of auction catalogs.
"Diego en chemise ecossaise."
- Alberto Giacometti on Nov 03, 2013