Isn't that Rich?
Christie’s kicked off the official start of the fall auction season Tuesday night with a lackluster Impressionist and modern sale that saw 12 of the 46 lots on offer fail to sell, among them a number of high-profile and high-estimate pieces. It earned a total of $144.3 million that, while respectable, failed to meet the house’s low estimate of $188.8 million (which is calculated without the approximately 12 percent buyer’s premium), to say nothing of its $277.7 million high estimate.
A number of years back, I attended a dinner in one of New York City’s legendary apartment buildings, hosted by a now-divorced art-collecting couple. I was seated between a mogul’s wife and an actress known for her lewd mouth, wearing couture but desperately in need of a bath. The conversation turned to art collecting, one of the Upper East Side’s most popular topics after real estate and renovations.
Despite the massive hype leading up to the event, Ben Stiller and David Zwirner’s Artists For Haiti charity auction at Christie’s this evening exceeded expectations with the 27 works offered selling for a collective $13.7 million, beating an earlier estimate of $10 million.
The work of the late Indian painter Maqbool Fida Husain–M. F. Husain, for short–proved to be absolutely dominant at Christie’s South Asian modern and contemporary art sale in New York yesterday, with all 13 of his works on offer selling, for a total of $4.2 million, more than half the auction’s $7.38 million haul.
The art-auction calendar in the Middle East continues to get busier, with Christie’s announcing that it will add a second day to its October sales of modern and contemporary Arab, Iranian and Turkish Art in Dubai.
Christie’s has released a handful of details about its greatly anticipated sale of Elizabeth Taylor’s jewelry.
The Liz-a-palooza starts September 15 in Moscow, where the auction house will kick off a three-month touring exhibit of the jewelry. The auction itself kicks off in New York at an evening sale of 80 pieces on December 13, Read More
Over the objections of Christie’s, the Denver City Council voted last night to approve the sale of four Clyfford Still paintings through Sotheby’s in order to benefit the endowment of the Clyfford Still Museum, which is set to open in the city in November. A press official at the City Council told The Observer this morning that the decision was unanimous.
Beatlemania is alive and well! In the auction houses, anyway.
On Wednesday night, Christie’s brought in $361,938 for 46 previously unreleased photographs documenting The Beatles’ first US visit, well-surpassing a collective estimate of $100,000 and shocking photographer Mike Mitchell, who was just 18 when he took the pictures.
“I wasn’t expecting this, when I took Read More
Last fall, Vanity Fair writer Bob Colacello decided to sell a portrait that Andy Warhol made of him in 1980, when Mr. Colacello was working for Interview, and decided to take along a Vanity Fair camera crew to document the experience. The video was just released and, boy, is it good!
The painting was Read More
Christie’s CEO Steven P. Murphy announced today that his auction house had set a new record for half-year sales, moving approximately £2 billion, or roughly $3.2 billion, worth of art and other products from January to June this year, according to a report in Bloomberg.
Mr. Murphy, who recently told The Financial Read More