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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Egypt intends to sue Christie’s auction house over last week’s sale of a “stolen” Tutankhamun bust. Despite the country’s protestations, Christie’s London sold the Egyptian artefact for £4.7 million in ‘The Exceptional Sale’ on 4 July. Continue reading
The International Head of the Prints & Multiples department at Christie’s has decided to auction off an artwork created by artificial intelligence because he “thought it’d be cool”.
It could be the most valuable single-owner art collection ever sold at auction. Before it goes under the hammer, Londoners will have a chance to ogle the collection of Peggy and David Rockefeller when it goes on display at Christie’s in St James’s from 21 February – 8 March 2018. Continue reading
In a landmark judgment, a French court held on 24 March that art sellers must pay artist’s resale rights.
The ruling from the Versailles Court of Appeal marked the culmination of an eight-year legal battle between Christie’s auction house and two French associations of antique dealers and galleries. The battle began when the Syndicat National des antiquaires (SNA) and the Comité des galeries d’art sued Christie’s for unfair competition and abuse of its position. Christie’s had insisted that buyers pay artist’s royalties for works sold during an Yves Saint Laurent-Pierre Bergé sale in 2009. Continue reading
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