World’s largest collection of contemporary art goes under the hammer

Artworks collected by the Artist Pension Trust (APT) will go under the hammer for the first time since it was founded 13 years ago.

Works from a star-studded list of artists will be auctioned at Sotheby’s in New York and London in March and April this year. The lineup includes pieces by David Shrigley, Iván Navarro and Bob and Roberta Smith and carries an estimated value of £255,000 to £370,500Continue reading

David Bowie’s art collection will go to auction

The family of David Bowie says a lack of space is forcing it to sell off the late musician’s prized art collection, the BBC reports.

Around 400 items including 267 paintings, more than 120 items of furniture and sculpture will be auctioned at Sotheby’s London on 10 and 11 November in the three-part “Bowie/Collector” sale. Prior to the auction, the public will have a chance to view the works on display at Sotheby’s London for the first time ever.  Continue reading

Effects of Brexit already beginning to be felt by art market

The effects of Brexit are already rippling through the art market as British artist Jenny Saville set a sales record for her work at Sotheby’s London on Tuesday (28 June).

Buoyed by what one London art adviser described as a “10% discount” on account of the drop in value of the pound, Chinese billionaire Liu Yiqian picked up Saville’s “Shift” (1996-97) for the Long Museum in Shanghai for £6.8 million with buyer’s premium. Last year, Liu made headlines when he purchased Modigliani’s “Nu couché” for £113 million. Continue reading

Highly anticipated auction to include one of Picasso’s earliest cubist paintings

Three iconic portraits of women are expected to fetch a total of nearly £68 million at Sotheby’s London Impressionist & Modern Art Evening Sale tomorrow (21 June 2016).

After at least a decade off the market, the three artworks by Pablo Picasso, Amedeo Modigliani and Auguste Rodin will go under the hammer alongside twenty-two other pieces including paintings, sculptures and works on paper. Total sales on the night are estimated to reach £77 million, which means the three highlighted works will account for roughly 87.5% of the auction’s value. Continue reading

Smithsonian hosts urgent meeting to halt auction of Native American objects

An emergency meeting has taken place in Washington DC to try to prohibit an auction that involves sacred indigenous objects from taking place on 30 May.

According to Hyperallergic, on 24 May tribal leaders, US government representatives and NGO officials gathered yesterday at the Smithsonian National Museum of the American India to condemn the Art Amerindien, Art Precolombien, Afrique et Oceanie sale, organized by EVE (Estimations Ventes aux Enchères) auction house at Drouot Richelieu, Paris. Continue reading

Rodin sculpture sells for £11.6m at auction

A sculpture of a nude woman by Auguste Rodin, which once belonged to actor Sylvester Stallone set a new record for the artist at auction in London on Wednesday night (3 February).

‘Iris, Messagère des adieux’ (1902-05) sold for £11.6 million during Sotheby’s evening sale after only five minutes of bidding. Expected to fetch between £6-8 million, it surpassed the previous auction record for Rodin held by his sculpture of Eve, which sold for £9.6 million in New York in 2008. The winning bidder for ‘Iris’ is believed to have been Ben Frija, a dealer from Oslo.  Continue reading

Tense battle for record-breaking masterpiece

A painting of a nude woman reclining languorously on a red sofa has fetched a record-breaking $170.4m (£113m) at auction in New York last night (Monday 9 November).

Amedeo Modigliani’s ‘Nu couché’ (1917-18), which caused a scandal when it was first exhibited in Paris, was sold at Christie’s as part of an ‘Artist’s Muse’ themed auction. The seller is Laura Mattioli Rossi, daughter of Italian collector Gianni Mattioli. Six bidders fought a tense battle for the work, which saw the opening bid of $75m rise to the guaranteed $100m minimum price in just 15 seconds. Continue reading