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Showing results for tags 'Auctions'.
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There was a lot of news recently about "Three Studies of Lucian Freud," the triptych by Francis Bacon (1909-1992) that recently fetched a world record $142.4 million at auction. (Lucian Freud) Nobody knew who the mystery buyer was, however, until recently. It turns out the buyer was none other than Qatar which, in terms of money spent on art, has recently become an electric Qatar - they're hosting the World Cup in 2022, and they're not messing around, spending $1 billion a year on art. Edit: It turns out the New York Post was incorrect in reporting that Qatar purchased the painting: "Did Sheika Al-Mayassa Buy The Bacon? Update: No" by Rozalia Jovanovich on blogs.artinfo.com "Francis Bacon Triptych To Go On View In Oregon; Buyer Remains Unknown" by David Ng on lattimes.com "The Reason Why Francis Bacon's "˜Lucian Freud' Is Worth $142 Million" by Agustino Fontevecchia on forbes.com -
As I am learning, and digging in deep in to the folklore of the Pennsylvania Dutch, I recently learned of the mud sale. I have yet to go to one, but am fascinated by this group of humans and their semi colonial ways. In the short time I have spent in Lancaster, I have become rather smitten with it. There is so much to learn, as well as explore in Lancaster. With each interaction I have with both locals, as well as transplants, it all creates a rather vibrant quilt . There are spots that I have wandered into that I am hesitant on sharing for fear it may lose its local charm and be overpopulated with tourists. Although at the same time I want to shout from the rooftop that Lancaster is filled with art, culture, and dining spots that are worthy of media accolades. I suppose while learning about the locals, I will learn what to share, and when to keep my lips sealed. After all the best kept secrets of any city are best discovered on your own,or perhaps with a hint of print. Stay curious, kat- 4 replies
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"Jeff Koons' Rabbit Sculpture Breaks Record for Living Artist" on bbc.com
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Well, this record was annihilated today by a da Vinci: "500-Year-Old Leonardo da Vinci Painting Sells for $450 Million at Auction" by Michelle Miller on cbsnews.com Presenting Salvator Mundi by Leonardo da Vinci, 1 of only 15 surviving da Vincis in the world: Assuming no catastrophic, global meltdowns, it doesn't seem unreasonable to expect a billion-dollar artwork to be sold at auction sometime before 2050 (*) If you're worth $50 billion, you can buy real estate, you can buy extremely expensive art, you can buy sports franchises, and ... the list is already starting to dwindle. Can you imagine insuring such a thing? --- (*) ETA - Ha! Nov 16, 2017 - "When Will an Auction House Sell the First $1bn Painting?" by Sophie Christie and Patrick Scott on telegraph.co.uk
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"Hockney Painting Breaks Auction Record for Living Artist" on bbc.com
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To clarify this, and to fill in the gap, here are the most expensive artworks sold to date (over $200 million in actual (not inflation-adjusted) dollars) - all or which were private sales except for "Salvator Mundi," which was sold via Christie's Auction House. Nov 15, 2017 - $450.3M - "Salvator Mundi" (Leonardo da Vinci) Sep, 2015 - $300.0M - "Interchange" (Willem de Kooning) Apr, 2011 - $250.0M - "The Card Players" (Paul Cézanne) - Private Sale Sep, 2014 - $210.0M - "When Will You Marry?" (Paul Gaugin) There's a chart on Wikipedia here - it's a bit confusing, but certainly more comprehensive and informative than this.
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It's going to be a great deal of fun tracking ongoing auction records for artworks as this website ages (clicking on the tag Auctions will always get you a fairly updated list of threads). "Balloon Dog (Orange)" by Jeff Koons sold for $58.4 Million at the Christie's Nov 12, 2013 auction, breaking the previous highest price for a Koons artwork of $33.7 Million, and also shattering the previous world record for "most money paid for an artwork by a living artist" of $37.1 Million for "Domplatz, Mailand" (1968) by Gerhard Richter, which sold in May of 2013. "Koons's Puppy Sets $58 Million Record for Living Artist" by Katya Kazakina and Phillip Boroff on bloomberg.com "The Most Expensive Art Ever Sold at Auction: Christie's Record-Breaking Sale" by Kathryn Tully on forbes.com
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There is an incidence of a 1962 Ferrari 250 GTO selling for $38,115,000, making it the most expensive automobile ever sold at auction: Aug 16, 2014 - "Ferrari 250 GTO Smashes World Auction Record Fetching U.S. $38.1 Million" by Mike Hanlon on gizmag.com Aug 15, 2014 - "1962 Ferrari 250 GTO Hits Record $38 Million Sale at Bonhams' Monterey Auction" by Chris Bruce on autoblog.com I wonder what it is about this particular car that brings such high auction value - obviously, all it takes is two bidders, but there must be something special about it (other than being titanically awesome, of course). Do not be surprised to see this record broken in the very near future.
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It wasn't just Picasso's "Les Femmes d'Algers (Version "O")" that brought a world record price this past weekend; Alberto Giacometti's sculpture, "L'Homme Au Doigt" (Pointing Man), (1947) set a record for sculpture, bringing in $141.3 million after commission. "Giacometti Sculpture Breaks World Record" on swissinfo.ch "Why Alberto Giacometti's Art Is So Successful" on swissinfo.ch To address Herschel's question in context of the Giacometti, I suspect nothing at all by Rodin would go for $150 million, for whatever reason - the high-dollar investors seem to be going for established, mid-20th century, masterpieces. They're new enough to be "hot," but old enough to be "established," I suppose. Once the East Building of the NGA reopens, you can simply walk in and see Giacometti's for free, or you can see them in the Hirshhorn now (there might even be one in the sculpture garden outside - which might make it the *most expensive building in Washington, DC*). Personally, I say ... SELL - get $100 million for one of these babies, and you've got 15 years worth of operating budget in cash.
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The record price for "Three Studies of Lucian Freud" ($142.4 million) was broken today: "Les Femmes d'Algers (Version "O") by Picasso has set the all-time record, going for $179.4 million. "Two Artworks Top $100 Million Each At Christie's Sale" by Scott Reyburn on artsbeat.blogs.nytimes.com
