Katsushika Hokusai’s iconic ukiyo-e woodblock print, Under the Great Well of the Great Wave off Kanagawa, far surpassed its estimate of $500,000-700,000 in a sale at Christie’s New York last week, selling for $2.8 million. The sale marks a new high record for the print.
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On 28 February, the Christie’s 20th/21st Century: London Evening Sale offered Fidenza #724, a digital pigment print on paper which was sold accompanied by a NFT by the artist and software engineer Tyler Hobbs. Christie’s described the work as “channelling inspiration from art history and nature into innovative computer code.” The work exceeded its pre-sale estimate of £200,000-300,000, selling for £365,000. This sale is the latest in what seems to be a resurgence in the NFT and digital art market.
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Paul Allen’s (1953-2018) spectacular collection has achieved an unprecedented $1.6 billion (£1.34 million) over two sales at Christie’s, becoming the most valuable private collection of all time. The first sale alone of 60 works fetched £1.5 billion (£1.26 billion) – the highest total ever recorded at a single auction. Allen’s estate will donate all proceeds from the landmark sales to philanthropic causes.
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Tracey Emin’s new, searingly personal painting has sold for a whopping £1.9 million (£2.3 million with fees) at Christie’s, four times over its low estimate. The renowned artist will use the money to support her artists’ studio complex in Margate. “It’s amazing. It’s going to make a massive difference,” marvelled Emin. “The support for what I’m doing in Margate is phenomenal.”
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Christie’s have announced that they will sell 150 masterpieces from the estate of Microsoft co-founder Paul Allen, who died at the age of 65 in 2018. The anticipated sale is set to be one of the highest valued single-owner sales ever to come to auction.
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Christie’s auction house took another step last week to secure its position at the forefront of the intersection between art and technology. They launched an in-house investment fund, ‘Christie’s Ventures’, which aims to offer financial support and guidance to startups in the developing field of technology and fintech.
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A long-lost masterpiece by Antonio Canova (1757-1822), found in 2002 when it was sold at a garden centre auction for £5,200, is now worth between a staggering £5 million and £8million. 200 years a after its completion, the sculpture will be put up for auction again this summer at Christie’s.
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Banksy’s tribute painting to the NHS has sold at auction for a staggering £16.8 million with premium. The UK health service will receive almost all the money from Christie’s charitable sale, which set a new auction record for the anonymous graffiti artist.
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The Royal Opera House has announced its ‘Portrait of Sir David Webster’ by David Hockney will go under the hammer at Christie’s 20th Century: London to Paris sale on 22 October in London to raise essential funds.
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New York’s Everson Museum is selling its only Jackson Pollock (1912-1956) painting to fund efforts to diversify the collection. Painted in 1946, ‘Red Composition’ is expected to fetch between $12 million and $18 million (£9 million – £13.5 million) at Christie’s upcoming 20th Century Art auction in New York.
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