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Archive for the ‘Auctions’ Category

Tonight, May 12th, is the much-anticipated sale of contemporary art at Sotheby’s in New York.  Usually one of the most hyped auctions of the year, everyone was waiting to see just how the global economic downturn would effect the art market at its most elite levels.  I’m thrilled to report from…a half-filled 2nd floor salesroom, [...]

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As an amateur art collector who has been acquiring anything that strikes my fancy (and within my budget) for the last three years, I’ve recently come to the decision that I need to start focusing my collection on a few themes.  It’s like a right of passage for art collectors and it’s really tough!  For example, one [...]

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Souren Melikian of The New York Times must enjoy playing naysayer– he’s written the first article I’ve seen this week giving a positive spin on this week’s Modern and Impressionist sales at the major auction houses, Christie’s and Sotheby’s.  When all else fails, assess the art market in terms of supply and demand!  Click here [...]

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News sources were mostly down on the results of this week’s Impressionist and Modern Sale at Sotheby’s.  A lack of bidders for two of the featured works, a Picasso portrait and Giacometti sculpture, brought the sale total to $61.4 million– below the low estimate of $81 million and the lowest sale total in this category [...]

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It was a buyer’s market at the Christie’s Dubai sale last week.  While within the auction estimate, the evening brought in less than $5 million as compared to the $8.65 million made at the same sale a year ago.  The most expensive lot was Iranian artist Parviz Tanavoli‘s “The Wall and the Script” (pictured above), [...]

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Perhaps the best idea for a fundraising event ever (after date auctions!), the Santa Monica Museum of Art sells tickets to donors for $300 that allow them to select from over 650 original 8”x10” pieces of art donated by a variety of artists.  Part of the excitement comes from the fact that the artists’ names [...]

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For those art collectors (like myself) who can’t swing the six/seven/eight figure works that we dream of owning, I recommend you check out the fine arts catalogs posted today by Rago auction house for their mid-May sales.  Both the 19th/20th century sale of American and European work as well as the post-war and contemporary sale [...]

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Thanks so much to my good friend Jill at feministe for linking to The Amateur Art Collector! In honor of her site, I thought it would be appropriate to feature this bad ass David Levinthal picture being sold in the spring photography auction of one of my top five favorite galleries in NYC, Daniel Cooney Fine Arts.  Check [...]

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A new article from Dow Jones Financial News Online finds that a record high 40% of contemporary works for sale at major auctions went unsold in the first quarter of 2009.  Only three pieces, including the Anish Kapoor scultpure pictured above, sold for over $1 million (the Kapoor sold for approximately $1.2 million, including the [...]

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Here’s a great story from Canada about a seriously novice collector (he bought his first art book less than a month ago!) who picked up an oil painting by Tom Thomson at auction for under the original reserve price: click here. For those who aren’t familiar with auction jargon, a reserve price is the agreed [...]

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