A Wassily Kandinsky painting sold last night for $21.2 million at a London auction where demand, especially from Asian buyers, outstripped supply for Impressionist and modern art.
Paul Cezanne’s “Les Pommes” sold for $41.6 million at Sotheby’s in New York last night, the top price in a $230 million Impressionist and modern art sale.
A limestone head by the 20th-century sculptor Amedeo Modigliani sold today at an auction in Paris for 43.2 million euros ($53 million) including fees.
Christie’s New York rang up $158.5 million in sales of Impressionist and modern art last night in a brisk yet lackluster auction.
Madonna, Leonardo DiCaprio and Microsoft co-founder Paul Allen could help sell as much as $1.3 billion of art at the three New York auction houses this month.
The Helly Nahmad Gallery in Manhattan reopened a week after it was raided by U.S. agents, and will continue to operate as the owner faces charges he ran a high-stakes gambling ring that catered to celebrities and the very wealthy, his lawyer said.
A Modigliani painting of his lover topped works by Picasso and Renoir at a $214 million auction that showed increasing demand for big-ticket Impressionist, modern and Surrealist art.
The recovery in the global art market slowed at the latest bellwether auctions of Impressionist and contemporary works where overpriced lots struggled to attract bidding, dealers said.
A Modigliani portrait of his lover may sell for as much as $35.5 million at an auction that will test demand for big-ticket Impressionist and modern artworks.
An Amedeo Modigliani 1917 nude sold for $68.96 million, a record for the artist, helping Sotheby’s reach its highest total for a New York Impressionist and modern art sale since May 2008.
"Nu assis sur un divan (La Belle Romaine)."
- Amedeo Modigliani on Dec 28, 2010