Paintings by Gerhard Richter, Andy Warhol and Jean-Michel Basquiat boosted a 87.9 million-pound ($146 million) Sotheby’s auction as wealthy collectors from 40 countries competed for established and emerging art trophies.
Paintings by Pablo Picasso, Claude Monet and Joan Miro starred in a $190 million auction that showed a prevalence of wealthy buyers for Impressionist and modern art, provided works are fresh to the market.
Lucian Freud and Alberto Burri paintings sold for $5 million each in London last night at a Sotheby’s auction overshadowed by concern about market weakness and a protest by U.S. art handlers over a labor dispute.
A racy Jeff Koons sculpture and an assemblage of Jackie Kennedy portraits by Andy Warhol drew tepid bidding last night as Sotheby’s New York saw its lowest tally for an evening contemporary-art auction in two years.
A pile of porcelain sunflower seeds, an Andy Warhol painting of Marilyn Monroe and a Gerhard Richter abstract sold last night at a London auction that was interrupted by a protest at U.K. government cuts.
London’s February series of evening contemporary-art auctions raised 56.2 percent more than last year, boosted by works by Francis Bacon and Andy Warhol , and phone bidding from a widening range of international clients.
Rents in upmarket London district Mayfair are set to soar as galleries and auction houses line up to open in the neighborhood amid rising demand for art, the London Luxury Quarter business group said in a report today.