A $2 million painting by Ellsworth Kelly and five light holograms by James Turrell, priced at $100,000 apiece, were among the first artworks snapped up by collectors at the opening of the Art Show in Manhattan.
Elaine P. Wynn, ex-wife of casino mogul Stephen A. Wynn, was the buyer of the Francis Bacon triptych that fetched $142.4 million last year to become the most expensive artwork at auction, according to a person familiar with the matter.
Three champion British artists line up in London for a grand parade of exhibitions at the start of Olympic year. First out is David Hockney, whose “A Bigger Picture” (Jan. 21-April 9, 2012) will fill the main galleries of the Royal Academy almost entirely with new pictures.
Jeff Koons, Lucian Freud and Gerhard Richter artworks will be among more than $500 million worth of contemporary pieces on offer this week at auctions and fairs in London. Dealers are hoping that demand holds up from billionaire buyers after stocks dived on worries about government debts.