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		<title>Thom Yorke Painting: Radiohead Mastermind&#8217;s Art Up For Sale At Bonhams &#8230;</title>
		<link>http://arteconomist.com/?p=5977</link>
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		<pubDate>Thu, 20 Jun 2013 03:31:41 +0000</pubDate>
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				<category><![CDATA[At Auction]]></category>

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		<description><![CDATA[Did you know Thom Yorke, the alien invader musical genius behind the British super band, Radiohead, was a painter? The experimental crooner is part of an upcoming Bonhams auction where a painting he collaborated on with the artist Stanley Donwood is set to be sold for a good cause. The painting, made to benefit the Trade Justice Movement, presents a graffiti-like assemblage of skeletons, flying angel animals and curious stick figures with a serious message. The work of art has as estimated price tag of between £3,500-4,000 ($5,500-6,300), which &#8212; in art world standards &#8212; is a rather modest amount. Yorke seems just tickled about the whole idea of taking part in an art auction, as evidenced by a recent tweet: Hope someone in the financial industry buys this, what a novelty to have a painting at auction ha! http://t.co/D3yR5dG94S — Thom Yorke (@thomyorke) June 17, 2013 Check out the painting above and let us know your thoughts on the work in the comments. Like it? You can see more of art made by Donwood, aka Dan Rickwood, the man behind much of Radiohead&#8217;s album art and poster work since &#8220;The Bends,&#8221; here. Loading Slideshow Wassily Kandinsky&#8217;s &#8220;Study for Improvisation [...]]]></description>
			<content:encoded><![CDATA[<p>Did you know <a href="https://twitter.com/thomyorke" target="_hplink">Thom Yorke</a>, the <strike>alien invader</strike> musical genius behind the British super band, <a href="http://www.radiohead.com/" target="_hplink">Radiohead</a>, was a painter?</p>
<p><img alt="thom yorke painting" src="http://arteconomist.com/wp-content/plugins/rss-poster/cache/b35e1_o-THOM-YORKE-PAINTING-570.jpg" /></p>
<p>
The experimental crooner is part of an <a href="http://www.bonhams.com/auctions/20771/lot/330/" target="_hplink">upcoming Bonhams auction</a> where a painting he collaborated on with the artist <a href="http://www.slowlydownward.com/" target="_hplink">Stanley Donwood</a> is set to be sold for a good cause. The painting, made to benefit the <a href="http://www.tjm.org.uk/" target="_hplink">Trade Justice Movement</a>, presents a graffiti-like assemblage of skeletons, flying angel animals and curious stick figures with a serious message.</p>
<p>The work of art has as estimated price tag of between £3,500-4,000 ($5,500-6,300), which &#8212; in art world standards &#8212; is a rather modest amount. Yorke seems just tickled about the whole idea of taking part in an art auction, as evidenced by a recent tweet:</p>
<blockquote class="twitter-tweet"><p>Hope someone in the financial industry buys this, what a novelty to have a painting at auction ha! <a href="http://t.co/D3yR5dG94S">http://t.co/D3yR5dG94S</a></p>
<p>— Thom Yorke (@thomyorke) <a href="https://twitter.com/thomyorke/statuses/346668588284928000">June 17, 2013</a></p></blockquote>
<p>
Check out the painting above and let us know your thoughts on the work in the comments. Like it? You can see more of art made by Donwood, aka Dan Rickwood, the man behind much of Radiohead&#8217;s album art and poster work since &#8220;The Bends,&#8221; <a href="http://www.theoutsiders.net/artist/stanley-donwood" target="_hplink">here</a>.</p>
<p>	<em>Loading Slideshow</em></p>
<ul class="hp-slideshow">
<li>
<h4>Wassily Kandinsky&#8217;s &#8220;Study for Improvisation 8&#8243; &#8211; $23 million</h4>
<p>ARTIST: Russian abstract painter, Wassily Kandinsky (1866-1944)<br />
ARTWORK: Oil painting of religious pilgrims in Kiev painted in 1909.<br />
AUCTION:  a href=&#8221;http://www.christies.com/lotfinder/paintings/wassily-kandinsky-studie-fur-improvisation-8-5615597-details.aspx&#8221;Christie&#8217;s Impressionist and Modern Art Sale/a (November 2012)<br />
PRICE: $23,042,500</p>
<p>For more on the Kandinsky painting, check out our a href=&#8221;http://www.huffingtonpost.com/2012/08/30/oil-painting-by-russian-a_n_1840215.html&#8221;original article here/a.</p>
</li>
<li>
<h4>Jean-Michel Basquiat&#8217;s &#8220;Untitled&#8221; &#8211; $26.4 million</h4>
<p>ARTIST: New York-bred graffiti-turned-gallery painter, Jean-Michel Basquiat (1960-1988).<br />
ARTWORK: A large, colorful acrylic and oil stick on canvas work depicting a skeletal fisherman yielding his loot, created in 1981.<br />
AUCTION: a href=&#8221;http://www.christies.com/LotFinder/lot_details.aspx?intObjectID=5621952&#8243;Christie&#8217;s Post-War and Contemporary Art Sale/a (November 2012)<br />
PRICE: $26,402,500</p>
<p>for more on Basquiat&#8217;s painting, check out our a href=&#8221;http://www.huffingtonpost.com/2012/09/19/jean-michel-basquiat-pois_n_1896428.html&#8221;original article here/a.</p>
</li>
<li>
<h4>Francis Bacon&#8217;s &#8220;Untitled (Pope)&#8221; &#8211; $29.8 million</h4>
<p>ARTIST: British figurative painter, Francis Bacon (1909-1992).<br />
ARTWORK: One of Bacon&#8217;s &#8220;Pope&#8221; paintings, which depict the Bishop of Rome sitting atop his papal throne with his mouth agape, seemingly writhing in a fit of terror. Created circa 1954.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/ecatalogue/2012/contemporary-art-evening-auction-n08900/lot.26.html&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (November 2012)<br />
PRICE: $29,762,500</p>
<p>For more on Bacon&#8217;s &#8220;Pope&#8221; check out our a href=&#8221;http://www.huffingtonpost.com/2012/09/28/francis-bacons-acclaimed-_n_1923279.html&#8221;original article here/a.</p>
</li>
<li>
<h4>Henry Moore&#8217;s &#8220;Reclining Figure: Festival&#8221; &#8211; $30.1 million</h4>
<p>ARTIST: British sculptor, Henry Moore (1898-1986).<br />
ARTWORK: A 6-foot-long bronze sculpture depicting a laid-back female figure resting on one elbow, created in 1951.<br />
AUCTION: a href=&#8221;http://www.christies.com/in-the-saleroom-henry-moore-reclining-figure-festi-2114-3.aspx&#8221;Christie&#8217;s Impressionist / Modern Art Evening Sale/a (February 2012)<br />
PRICE: £19,081,250 (approximately $30.1 million)</p>
<p>IMAGE: A gallery assistant at Christie&#8217;s auction house admires a sculpture by Henry Moore entitled &#8216;Reclining Figure: Festival&#8217; on February 2, 2012 in London, England.  (Photo by Oli Scarff/Getty Images)</p>
</li>
<li>
<h4>Jeff Koons&#8217; &#8220;Tulips&#8221; &#8211; $33.7 million</h4>
<p>ARTIST: American neo-pop artist and &#8220;Balloon Dog&#8221; extraordinaire, Jeff Koons (1955-present).<br />
ARTWORK: A large-scale, mirror-polished stainless steel sculpture with transparent color coating created between 1995 and 2004.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/sculptures-statues-figures/jeff-koons-tulips-5621948-details.aspx?intObjectID=5621948&#8243;Christie&#8217;s Post-War and Contemporary Art Sale/a (November 2012)<br />
PRICE: $33,682,500</p>
</li>
<li>
<h4>Gerhard Richter&#8217;s &#8220;Abstraktes Bild&#8221; &#8211; $34.2 million</h4>
<p>ARTIST: Abstract and photorealist painter Gerhard Richter (1932-present).<br />
ARTWORK: A squeegee painting created in 1994 and owned by famous British musician, Eric Clapton. It was bought by Clapton for £2million ($3.2 million) in 2001 and sold for 10 times the price tag 11 years later.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/ecatalogue/2012/contemporary-art-evening-auction-l12024/lot.15.lotnum.html&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (October 2012)<br />
PRICE: £21,321,250 (approximately $34.2 million)</p>
<p>For more on Eric Clapton&#8217;s big sale, check out our a href=&#8221;http://www.huffingtonpost.com/2012/10/15/eric-clapton-sells-gerhar_n_1966518.html&#8221;original article here/a.</p>
<p>IMAGE: A Sotheby&#8217;s employee stands in front of Gerhard Richter&#8217;s &#8216;Abstraktes Bild (809-)&#8217; painting on October 8, 2012 in London, England. (Photo by Peter Macdiarmid/Getty Images)</p>
</li>
<li>
<h4>John Constable&#8217;s &#8220;The Lock&#8221; &#8211; $35.2 million</h4>
<p>ARTIST: British Romantic artist, John Constable (1776-1837).<br />
ARTWORK: The fifth in a celebrated series of six large-scale paintings of the Stour Valley in Suffolk.<br />
AUCTION: Old Master and British Paintings Evening Sale<br />
PRICE: $35,210,321</p>
<p>IMAGE: Employees pose with a painting by British Romantic artist John Constable entitled &#8220;The Lock&#8221; at Christie&#8217;s auction house in central London on June 12, 2012. (CARL COURT/AFP/GettyImages)</p>
</li>
<li>
<h4>Jackson Pollock&#8217;s &#8220;Number 4, 1951&#8243; &#8211; $36 million</h4>
<p>ARTIST: Abstract expressionist painter, Jackson Pollock (1912-1956).<br />
ARTWORK: A rare drip painting on canvas created in 1951.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/2012/contemporary-art-evening-auction-n08900/overview.html&#8221;Sotheby&#8217;s Contemporary Art Evening Sale /a(November 2012)<br />
PRICE: $40,402,500</p>
<p>Image: Sotheby&#8217;s employees hold Jackson Pollock&#8217;s &#8216;Number 4, 1951&#8242; on October 8, 2012 in London, England. Estimated at $25-35 million the work forms part of Sotheby&#8217;s Impressionist, Modern and  Contemporary Art sale on November 5, 2012 in New York.  (Photo by Peter Macdiarmid/Getty Images)</p>
</li>
<li>
<h4>Yves Klein&#8217;s &#8220;The Pink of Blue&#8221; &#8211; $36.8 million</h4>
<p>ARTIST: French post-war artist, Yves Klein, who is well-known for his devotion to the color blue (1928-1962).<br />
ARTWORK: Natural sponges and pebbles soaked in pigment and scattered on a board. Named &#8220;The Pink of Blue&#8221;, the sponge-relief is similar to Klein&#8217;s other works created in International Klein Blue. It was finished in 1960.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/paintings/yves-klein-le-rose-du-bleu-5584448-details.aspx&#8221;Christie&#8217;s Post-War and Contemporary Art Evening Sale /a(June 2012)<br />
PRICE: $36,779,111</p>
</li>
<li>
<h4>Joan Miro&#8217;s &#8220;Peinture (Etolie Bleue), 1927&#8243; &#8211; $36.9 million</h4>
<p>ARTIST: Spanish Cattelan artist, Joan Miro (1893-1993).<br />
ARTWORK: Oil on cavas work depicting Miro&#8217;s typical Surrealist imagery created in 1927.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/catalogues/ecatalogue.html/2012/impressionist-modern-art-evening-sale-l12006#/r=/en/ecat.fhtml.L12006.html+r.m=/en/ecat.lot.L12006.html/10/&#8221;Sotheby&#8217;s Impressionist  Modern Art Evening Sale/a  (June 2012)<br />
PRICE: $36,946,396</p>
<p>IMAGE: Gallery assistants pose with Spanish Catalan artist Joan Miro&#8217;s &#8216;Peinture (Etolie Bleue), 1927&#8242; at Sotheby&#8217;s acution house in central London on June 14, 2012. (LEON NEAL/AFP/GettyImages)</p>
</li>
<li>
<h4>Andy Warhol&#8217;s &#8220;Double Elvis&#8221; &#8211; $37 million</h4>
<p>ARTIST: Pop art king, Andy Warhol (1928-1987)<br />
ARTWORK: A silver silkscreen image of Elvis Presley depicted as a cowboy. The work, created in 1963, is named for the duplicate screening of Elvis that appears to the left of the central figure.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/catalogues/ecatalogue.html/2012/contemporary-art-evening-n08853#/r=/en/ecat.fhtml.N08853.html+r.m=/en/ecat.lot.N08853.html/27/&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (May 2012)<br />
PRICE: $37,042,500</p>
<p>For more on Warhol&#8217;s &#8220;Double Elvis,&#8221; check out the a href=&#8221;http://www.huffingtonpost.com/2012/05/10/warhol-elvis-fetches-37m-_n_1506141.html&#8221;original AP story here/a.</p>
<p>IMAGE: This undated file image provided by Sotheby&#8217;s Auction House shows Andy Warhol&#8217;s portrait of Elvis Presley depicted as a cowboy. The painting, with a silver background, Double Elvis [Ferus Type] sold at auction by Sothebys in New York for $37 million on May 9, 2012. (AP Photo/Sotheby&#8217;s Auction House, File)</p>
</li>
<li>
<h4>Franz Kline&#8217;s &#8220;Untitled&#8221; &#8211; $40.4 million</h4>
<p>ARTIST: Abstract expressionist and contemporary of Mark Rothko and Jackson Pollock, Franz Kline (1910-1962).<br />
ARTWORK: The untitled piece belongs to the series of black and white abstractions for which Kline is known, combining aggressive brushstrokes with simple forms reminiscent of Japanese calligraphy.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/paintings/franz-kline-untitled-5621927-details.aspx&#8221;Christie&#8217;s Post-War and Contemporary Art Evening Sale/a (November 2012)<br />
PRICE: $40,402,500</p>
<p>For more on Kline&#8217;s calligraphic work, check out our a href=&#8221;http://www.huffingtonpost.com/2012/10/26/franz-klines-untitled-abs_n_2023830.html&#8221;original article here/a.</p>
</li>
<li>
<h4>Andy Warhol&#8217;s &#8220;Statue of Liberty&#8221; &#8211; $43.7 million</h4>
<p>ARTIST: Andy Warhol, again.<br />
ARTWORK: This time it&#8217;s a screen print of the State of Liberty, created in 1962.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/paintings/andy-warhol-statue-of-liberty-5621945-details.aspx?intObjectID=5621945&#8243;Christie&#8217;s Post-War and Contemporary Art Sale/a (November 2012)<br />
PRICE: $43,762,500</p>
</li>
<li>
<h4>Claude Monet&#8217;s &#8220;Water Lillies&#8221; &#8211; $43.8 million</h4>
<p>ARTIST: French Impressionist painter, Claude Monet (1840-1926).<br />
ARTWORK: A work from Monet&#8217;s &#8220;Water Lilies&#8221; series, depicting a pond in Giverny, France. Created in 1905.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/paintings/claude-monet-nympheas-5615591-details.aspx?from=searchresultsintObjectID=5615591sid=4fab7ff1-5ea5-4100-830c-27f4c613b81a&#8221;Christie&#8217;s Impressionist and Modern Art Evening Sale/a (November 2012)<br />
PRICE: $43,762,500</p>
<p>To read more about Monet&#8217;s &#8220;Water Lilies&#8221;, check out the a href=&#8221;http://www.huffingtonpost.com/2012/11/09/work-from-monets-water-li_n_2101182.html#slide=1741505&#8243;original AP article here/a.</p>
</li>
<li>
<h4>Francis Bacon&#8217;s &#8220;Figure Reflected in a Mirror&#8221; &#8211; $44.9 million</h4>
<p>ARTIST: Francis Bacon, again.<br />
ARTWORK: Oil on canvas work created in 1976.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/catalogues/ecatalogue.html/2012/contemporary-art-evening-n08853#/r=/en/ecat.fhtml.N08853.html+r.m=/en/ecat.lot.N08853.html/19/&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (May 2012)<br />
PRICE: $44,882,500</p>
</li>
<li>
<h4>Roy Lichtenstein &#8220;Sleeping Girl&#8221; &#8211; $44.9 million</h4>
<p>ARTIST: Famous American pop artist and major Ben-Day dot fan,  (1923-1997)<br />
ARTWORK: Part of a series of sexy comic book-inspired images Lichtenstein created in 1964.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/ecatalogue/2012/contemporary-art-evening-n08853/lot.16.lotnum.html&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (May 2012)<br />
PRICE: $44,882,500</p>
<p>IMAGE: This undated file photo provided by Sotheby&#8217;s Auction House in New York shows &#8220;Sleeping Girl&#8221; by artist Roy Lichtenstein. The painting sold for $44.8 million by Sotheby&#8217;s on Wednesday May 9, 2012. (AP Photo/Sotheby&#8217;s, File)</p>
</li>
<li>
<h4>Raphael&#8217;s &#8220;Head of a Young Apostle&#8221; &#8211; $47.8 million</h4>
<p>ARTIST: Renaissance painter, Raffaello Sanzio da Urbino, better known as Raphael (1483-1520).<br />
ARTWORK: A drawing titled &#8220;Head of a Young Apostle&#8221; that depicts one of the primary figures from Raphael&#8217;s &#8220;Transfigurations.&#8221; Created circa 1519-1520.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/ecatalogue/2012/old-master-british-paintings-evening-l12036/lot.52.lotnum.html&#8221;Sotheby&#8217;s Old Master  British Paintings Evening Sale/a (December 2012)<br />
PRICE: Approximately $47,690,717</p>
</li>
<li>
<h4>Mark Rothko&#8217;s &#8220;No. 1 (Royal Red and Blue)&#8221; &#8211; $75.1 million</h4>
<p>ARTIST: Russian-American abstract painter, and lover of all things color-blocked, Mark Rothko.<br />
ARTWORK: A multi-form oil painting reminiscent of most of Rothko&#8217;s later work. Created in 1954.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/ecatalogue/2012/contemporary-art-evening-auction-n08900/lot.19.lotnum.html&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (November 2012)<br />
PRICE: $75,122,500
</p>
</li>
<li>
<h4>Mark Rothko&#8217;s &#8220;Orange, Red, Yellow&#8221; &#8211; $87 million</h4>
<p>ARTIST: Marky Mark, again.<br />
ARTWORK: Another multi-form, of course. This one was created in 1961.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/paintings/mark-rothko-orange-red-yellow-5559196-details.aspx&#8221;Christie&#8217;s Post-War and Contemporary Art Evening Sale/a (May 2012)<br />
PRICE: $86,882,500</p>
<p>IMAGE: In this undated file photo provided by Christie&#8217;s Auction House, &#8220;Orange, Red, Yellow,&#8221; a 1956 painting by Mark Rothko is shown. The painting was sold by Christie&#8217;s in New York for $388.5 million on Tuesday, May 8, 2012. (AP Photo/Sotheby&#8217;s Auction Housse, File)</p>
</li>
<li>
<h4>The Scream &#8211; $119.9 million</h4>
<p>ARTIST: Edvard Munch, the Norwegian painter and printmaker known for his treatment of dark, psychological motifs (1863-1944).<br />
ARTWORK: This version of the iconic piece, &#8220;The Scream,&#8221; is not a painting but is pastel on board. It was created in 1895.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/sales-series/2012/impressionist-modern-art-evening-sale/overview.html&#8221;Sotheby&#8217;s Impressionist and Modern Art Evening Sale/a (May 2012)<br />
PRICE: $119,922,500, making this version of &#8220;The Scream&#8221; emthe/em a href=&#8221;http://www.huffingtonpost.com/2012/07/12/the-scream-mystery-buyer_n_1668170.html&#8221;emmost expensive/em piece of art ever sold at auction/a.</p>
<p>IMAGE: In this undated photo provided by Sothebys Auction House in New York, The Scream, by Norwegian painter Edvard Munch is shown. The 1895 pastel on board, arguably one of the art world&#8217;s most recognizable images, will go on view at the Museum of Modern Art in New York beginning Oct. 24, 2012. (AP Photo/Sothebys Auction House)</p>
</li>
</ul>
<p>Article source: <a href="http://www.huffingtonpost.com/2013/06/19/thom-yorke-painting-radiohead-mastermind-art-goes-on-sale-bonhams_n_3468206.html?utm_hp_ref=arts">http://www.huffingtonpost.com/2013/06/19/thom-yorke-painting-radiohead-mastermind-art-goes-on-sale-bonhams_n_3468206.html?utm_hp_ref=arts</a>
 </p>]]></content:encoded>
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		<title>Nahmads&#8217; Monet Fetches $30.5 Million at Sotheby&#8217;s UK Auction</title>
		<link>http://arteconomist.com/?p=5976</link>
		<comments>http://arteconomist.com/?p=5976#comments</comments>
		<pubDate>Wed, 19 Jun 2013 21:29:46 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[At Auction]]></category>

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		<description><![CDATA[A Claude Monet painting of a Venetian palazzo sold tonight in London for 19.7 million pounds ($30.5 million), becoming another profitable investment for its seller, the Nahmad family of dealers. “Le Palais Contarini,” painted during a three-month visit by Monet to Venice in 1908, had been estimated at 15 million pounds to 20 million pounds, based on hammer prices, in Sotheby’s (BID) 72-lot auction of Impressionist and modern art. Certain to sell thanks to an “irrevocable bid” from a third-party guarantor, the Monet was bought by Gallus Pesendorfer, of Sotheby’s (BID) client services in Cologne, acting for a client. There were four telephone bidders. The work had been acquired by the sellers for $4.2 million with fees at Christie’s International, New York, in 1996, according to the catalog. Monet’s late Impressionist paintings, admired by the Abstract Expressionists, continue to attract high prices from a wide spectrum of wealthy collectors. This particular work was shown in at least four exhibitions during the artist’s lifetime. The painting had been entered by the Nahmads, who also consigned the two top lots at Christie’s (CHRS) yesterday evening, persons with knowledge of the matter said. The Nahmad gallery did not respond to a Bloomberg News [...]]]></description>
			<content:encoded><![CDATA[<p>A Claude Monet painting of a Venetian palazzo sold tonight in London for 19.7 million pounds ($30.5 million), becoming another profitable investment for its seller, the Nahmad family of dealers. </p>
<p>“Le Palais Contarini,” painted during a three-month visit by Monet to Venice in 1908, had been estimated at 15 million pounds to 20 million pounds, based on hammer prices, in Sotheby’s (BID) 72-lot auction of Impressionist and modern art. </p>
<p>Certain to sell thanks to an “irrevocable bid” from a third-party guarantor, the Monet was bought by Gallus Pesendorfer, of <span class="ticker_wrap">Sotheby’s (<a href="http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BID:US" class="ticker">BID</a>)</span> client services in Cologne, acting for a client. There were four telephone bidders. The work had been acquired by the sellers for $4.2 million with fees at Christie’s International, New York, in 1996, according to the catalog. </p>
<p>Monet’s late Impressionist paintings, admired by the Abstract Expressionists, continue to attract high prices from a wide spectrum of wealthy collectors. This particular work was shown in at least four exhibitions during the artist’s lifetime. </p>
<p>The painting had been entered by the Nahmads, who also consigned the two top lots at Christie’s (CHRS) yesterday evening, persons with knowledge of the matter said. The Nahmad gallery did not respond to a Bloomberg News e-mail seeking details of ownership. </p>
<p>The Nahmad family, which has galleries in New York and London, has been a bulk buyer of Impressionist works since the 1980s. The Manhattan-based scion, Helly Nahmad, has been charged with racketeering and money laundering. His co-counsel says Nahmad denies wrongdoing and expects to be exonerated. </p>
<p>Last night, in a move that emphasized the shortage of unseen masterworks in the market for Impressionist and modern art, the Nahmads sold a Wassily Kandinsky landscape for 13.5 million pounds and an Amedeo Modigliani portrait for 6.8 million pounds. All sale prices include fees. </p>
<p>Sotheby’s sale tonight is estimated to raise between 77.5 million pounds and 109.9 million pounds. </p>
<p>(Scott Reyburn writes about the art market for Muse, the arts and culture section of Bloomberg News. Opinions expressed are his own.) </p>
<p>Muse highlights include Ryan Sutton on New York dining, Jeremy Gerard on New York theater, Jeffrey Burke on books, Mark Beech on music, Jason Harper on cars, Rich Jaroslovsky on technology, Jorg von Uthmann on Paris culture, Warwick Thompson on U.K. theater, Scott Reyburn on the art market, and Lance Esplund on art. </p>
<p>To contact the writer on the story: Scott Reyburn in London at sreyburn@hotmail.com. </p>
<p>To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net. </p>
<p>Article source: <a href="http://www.businessweek.com/news/2013-06-19/nahmads-monet-fetches-30-dot-5-million-at-sotheby-s-u-dot-k-dot-auction">http://www.businessweek.com/news/2013-06-19/nahmads-monet-fetches-30-dot-5-million-at-sotheby-s-u-dot-k-dot-auction</a>
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		<title>Kandinsky painting sells for $21.2 million at Christie&#8217;s auction</title>
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		<pubDate>Wed, 19 Jun 2013 15:28:01 +0000</pubDate>
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		<description><![CDATA[A painting by Wassily Kandinsky has sold for $21.2 million at a Christie&#8217;s auction of Impressionist and Modern works of art in London. The auction on Tuesday brought in a hefty total of $100.4 million, but the sale lacked any major surprises.  Kandinsky&#8217;s &#8220;Study for Improvisation 3,&#8221; created in 1909, was the top seller of the evening. The price was in the middle of the auction house&#8217;s expectation range. The brightly colored landscape painting sold for $16.8 million in 2008. Tuesday&#8217;s auction also featured Picasso&#8217;s 1960 painting &#8220;Woman Seated in an Armchair,&#8221; which sold for $9.6 million, slightly surpassing expectations. The painting once belonged to the Metropolitan Museum of Art in New York. Other works that sold at the auction include a small sculpture by Auguste Rodin, titled &#8220;Eve after the Sin,&#8221; which sold for $4.5 million, beating estimates; a small Alberto Giacometti sculpture, &#8220;Standing Woman,&#8221; bringing in $4.1 million, beating estimates; and a Claude Monet seascape painting, titled &#8220;Saint Adresse,&#8221; which went for $4.5 million, also beating expectations. In May, Christie&#8217;s posted an auction record at a New York sale of postwar and contemporary art, with total sales of $495 million. Works by Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat [...]]]></description>
			<content:encoded><![CDATA[<p>A painting by Wassily Kandinsky has sold for $21.2 million at a Christie&#8217;s auction of Impressionist and Modern works of art in London. The auction on Tuesday brought in a hefty total of $100.4 million, but the sale lacked any major surprises. </p>
<p>Kandinsky&#8217;s &#8220;Study for Improvisation 3,&#8221; created in 1909, was the top seller of the evening. The price was in the middle of the auction house&#8217;s expectation range. The brightly colored landscape painting sold for $16.8 million in 2008.</p>
<p>Tuesday&#8217;s auction also featured Picasso&#8217;s 1960 painting &#8220;Woman Seated in an Armchair,&#8221; which sold for $9.6 million, slightly surpassing expectations. The painting once belonged to the Metropolitan Museum of Art in New York.</p>
<p>Other works that sold at the auction include a small sculpture by Auguste Rodin, titled &#8220;Eve after the Sin,&#8221; which sold for $4.5 million, beating estimates; a small Alberto Giacometti sculpture, &#8220;Standing Woman,&#8221; bringing in $4.1 million, beating estimates; and a Claude Monet seascape painting, titled &#8220;Saint Adresse,&#8221; which went for $4.5 million, also beating expectations.</p>
<p>In May, Christie&#8217;s posted an auction record at a New York sale of postwar and contemporary art, with total sales of $495 million. Works by Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat brought in record auction amounts.  </p>
<p><strong>ALSO</strong>: </p>
<p><a href="http://articles.latimes.com/2013/may/16/entertainment/la-et-cm-bea-arthur-painting-20130515" target="_blank">Topless Bea Arthur painting part of record $495-million auction</a></p>
<p><a href="http://www.latimes.com/entertainment/arts/culture/la-et-cm-edvard-munch-the-scream-at-sothebys-20120502,0,3775078.story">Edvard Munch&#8217;s &#8216;The Scream&#8217; goes for $119.9 million at Sotheby&#8217;s</a></p>
<p><a href="http://www.latimes.com/entertainment/arts/culture/la-et-cm-barnett-newman-painting-auction-20130515,0,3038294.story">Artworks by Barnett Newman and Gerhard Richter set auction records</a> </p>
<p> </p>
<p>Article source: <a href="http://www.latimes.com/entertainment/arts/culture/la-et-cm-kandinsky-painting-christies-auction-20130618,0,3994724.story">http://www.latimes.com/entertainment/arts/culture/la-et-cm-kandinsky-painting-christies-auction-20130618,0,3994724.story</a>
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		<title>Swiss Art Mimics Banks by Luring Foreign Millionaires</title>
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		<pubDate>Wed, 19 Jun 2013 09:26:29 +0000</pubDate>
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		<description><![CDATA[Zurich’s auction houses are attracting a growing number of international buyers for Swiss art, reflected in higher prices for artists including Ferdinand Hodler, Albert Anker and the Giacometti family. Away from the glamor of Art Basel &#8212; where Roman Abramovich and Leonardo DiCaprio browsed works by Pablo Picasso and Andy Warhol last week &#8212; an unidentified European buyer snapped up a painting of an Alpine lake by Hodler for $8.4 million at auction at Sotheby’s in Zurich on June 4. Applause broke out in the packed sales room after a telephone-bidding battle. The price was 78 percent more than the high estimate for the 1915 “Montana landscape with Becs de Bosson and Vallon de Rechy.” The sale of Swiss art raised $13.2 million, beating Sotheby’s 2012 total by more than half. “I just love Hodler’s landscape paintings and Anker’s portraits,” Christoph Blocher, a billionaire collector and former Justice Minister who owns 280 works of Swiss art, said by telephone. “I didn’t think about them as an investment at first &#8211; that only started when prices started to rise.” Swiss art sales for Sotheby’s (BID) rose to a record 26.8 million francs ($29 million) in 2011, almost a fivefold increase from [...]]]></description>
			<content:encoded><![CDATA[<p>Zurich’s auction houses are<br />
attracting a growing number of international buyers for Swiss<br />
art, reflected in higher prices for artists including Ferdinand Hodler, Albert Anker and the Giacometti family. </p>
<p>Away from the glamor of Art Basel &#8212; where <a href="http://topics.bloomberg.com/roman-abramovich/">Roman Abramovich</a><br />
and <a href="http://topics.bloomberg.com/leonardo-dicaprio/">Leonardo DiCaprio</a> browsed works by <a href="http://topics.bloomberg.com/pablo-picasso/">Pablo Picasso</a> and <a href="http://topics.bloomberg.com/andy-warhol/">Andy Warhol</a> last week &#8212; an unidentified European buyer snapped up a<br />
painting of an Alpine lake by Hodler for $8.4 million at auction<br />
at Sotheby’s in Zurich on June 4. </p>
<p>Applause broke out in the packed sales room after a<br />
telephone-bidding battle. The price was 78 percent more than the<br />
high estimate for the 1915 “Montana landscape with Becs de<br />
Bosson and Vallon de Rechy.” The sale of Swiss art raised $13.2<br />
million, beating Sotheby’s 2012 total by more than half. </p>
<p>“I just love Hodler’s landscape paintings and Anker’s<br />
portraits,” <a href="http://topics.bloomberg.com/christoph-blocher/">Christoph Blocher</a>, a billionaire collector and<br />
former Justice Minister who owns 280 works of Swiss art, said by<br />
telephone. “I didn’t think about them as an investment at first<br />
&#8211; that only started when prices started to rise.” </p>
<p>Swiss art sales for <a href="http://www.bloomberg.com/quote/BID:US" title="Get Quote" class="web_ticker">Sotheby’s (BID)</a> rose to a record 26.8 million<br />
francs ($29 million) in 2011, almost a fivefold increase from<br />
2001. Sales for Christie’s more than doubled to $16.8 million in<br />
2012 from $6.8 million in 2004. Global sales of impressionist<br />
and modern art at Christie’s increased to $997.7 million from<br />
$485.4 million over the same period. </p>
<h2>Avant-Garde </h2>
<p>“There is absolutely more demand for Swiss art,” said Urs<br />
Lanter, head of Sotheby’s Swiss art unit. “A lot of collectors<br />
see that Swiss art has a very high standard in comparison with<br />
international movements, and our most important artists, like<br />
Hodler, Cuno Amiet and the Giacometti family, were not only<br />
Swiss but European avant-gardists.” </p>
<p>The number of buyers from outside Switzerland rose to 25<br />
percent last year at Sotheby’s, which holds biannual auctions in<br />
Zurich, from 9.7 percent in 2007, according to Lanter.<br />
Christie’s Zurich office said 20 percent to 25 percent of its<br />
sales are to foreign buyers. </p>
<p>Most international buyers come from central European<br />
countries such as <a href="http://topics.bloomberg.com/germany/">Germany</a>, where Sotheby’s exhibited pieces<br />
before its June 4 auction. Demand from U.S. collectors is also<br />
growing, particularly after a Hodler exhibition last fall at the<br />
<a href="http://www.neuegalerie.org/" title="Open Web Site" rel="external">Neue Galerie museum</a> in <a href="http://topics.bloomberg.com/new-york/">New York</a>, said Stefan Puttaert, head of<br />
Sotheby’s Zurich office. </p>
<p>Christie’s also exhibits masterpieces such as Hodler’s<br />
“Brienzer See” outside Switzerland to raise awareness before<br />
auctions, a move which is beginning to attract Asian buyers. </p>
<h2>New Wealth </h2>
<p>“We especially look at growth markets like <a href="http://topics.bloomberg.com/india/">India</a>,<br />
<a href="http://topics.bloomberg.com/indonesia/">Indonesia</a> and <a href="http://topics.bloomberg.com/malaysia/">Malaysia</a>, where there’s a new sort of clientele, a<br />
new brand of wealth that has emerged,” said Bertold Mueller,<br />
managing director of Christie’s Zurich. </p>
<p><a href="http://www.galeriemichaelhaas.de" title="Open Web Site" rel="external">Galerie Michael Haas</a>, based in Berlin, had three works by<br />
Hodler on sale at the four-day <a href="http://www.artbasel.com/" title="Open Web Site" rel="external">Art Basel</a> fair that ended June<br />
16, a sign the artist’s profile is growing internationally. </p>
<p>“I’m offering Hodler because I think he is a good<br />
artist,” founder Michael Haas said in a phone interview from<br />
Basel. “I don’t offer mainstream &#8212; artists like Hodler<br />
represent individualism.” </p>
<p><a href="http://www.bonhams.com/" title="Open Web Site" rel="external">Bonham’s</a> appointed a representative in Geneva in early<br />
2012, while <a href="http://topics.bloomberg.com/switzerland/">Switzerland</a> is Christie’s and Sotheby’s most<br />
important European source of consigners after <a href="http://topics.bloomberg.com/london/">London</a>. </p>
<p>The country’s position is bolstered by the large art<br />
collections held by Swiss families, according to Hans-Peter<br />
Keller, head of the Swiss art department at Christie’s. </p>
<h2>Treasure Chest </h2>
<p>“This has made Switzerland into a big treasure chest,”<br />
Keller said. Millionaire households make up about 12 percent of<br />
the total in Switzerland, the second-highest proportion after<br />
Qatar, <a href="https://www.bcgperspectives.com/content/articles/financial_institutions_growth_global_wealth_2013_maintaining_momentum_complex_world/?chapter=2#chapter2_section3" title="Open Web Site" rel="external">Boston Consulting Group</a> said in a May 30 study. </p>
<p>Private collections started by Swiss industrialists in the<br />
19th century have evolved into museums in smaller cities.<br />
Winterthur, for instance, has six art museums and is home to the<br />
collection of Swiss arts patron Oskar Reinhart. </p>
<p>“Swiss art is seen as fresh, as many works haven’t been<br />
seen in public for a long time because they were owned by Swiss<br />
private collectors,” said Hortensia von Roda, curator at Museum<br />
zu Allerheiligen in Schaffhausen, which is exhibiting works by<br />
Anker, the Swiss artist known for his portraits of villagers in<br />
the 19th century. </p>
<p>Ski trips to the Alps may also boost the appeal of Swiss<br />
art among foreigners as familiarity with the country’s landscape<br />
grows. </p>
<h2>Holiday Attraction </h2>
<p>“People love to come on holiday here,” said Puttaert at<br />
Sotheby’s. “Many Germans have a house in the Engadin or in<br />
Graubuenden, and many Brits and Belgians come to Verbier and the<br />
Valais.” </p>
<p>While foreign bidders have developed a taste for Anker and<br />
Hodler, they often prefer expensive lots, with smaller pieces<br />
sometimes left unsold, according to Blocher, who is also vice-president of the right-wing <a href="http://topics.bloomberg.com/swiss-people%27s-party/">Swiss People’s Party</a>. </p>
<p>“My perception at auctions is that international bidders<br />
are out for the big lots,” said Blocher, adding that an<br />
increasing number of Japanese buyers are taking an interest in<br />
Anker. “I love the symbolism in Anker’s portraits, because it<br />
shows that every person embodies the whole world.” </p>
<p>Muse highlights include <a href="http://www.bloomberg.com/muse/mark-beech/" title="Open Web Site" rel="external">Mark Beech</a> on music, <a href="http://www.bloomberg.com/muse/scott-reyburn" title="Open Web Site" rel="external">Scott Reyburn</a><br />
on the art market, <a href="http://www.bloomberg.com/muse/ryan-sutton/" title="Open Web Site" rel="external">Ryan Sutton</a> on New York dining, <a href="http://www.bloomberg.com/muse/jeremy-gerard/" title="Open Web Site" rel="external">Jeremy Gerard</a><br />
on New York theater and <a href="http://www.bloomberg.com/muse/books/" title="Open Web Site" rel="external">Jeffrey Burke</a> on books. </p>
<p>To contact the reporters on this story:<br />
Corinne Gretler in Zurich at<br />
cgretler1@bloomberg.net;<br />
Carolyn Bandel in Zurich at<br />
cbandel@bloomberg.net </p>
<p>To contact the editors responsible for this story:<br />
Manuela Hoelterhoff in New York at<br />
mhoelterhoff@bloomberg.net. </p>
<p>                    <a class="enlarge_image" rel="#img_337694" href="/photo/swiss-auctions-growing-as-sotheby-s-sells-hodler-art-for-8-4m-/337694.html" target="_blank"><br />
                    <span>Enlarge image</span><br />
                    <img alt="Swiss Auctions Growing as Sotheby’s Sells Hodler Art for $8.4M " class="small_img img_keep_size" src="http://arteconomist.com/wp-content/plugins/rss-poster/cache/43147_i.V69I3CW_yE.jpg" /></a></p>
<h3 class="image_title">Swiss Auctions Growing as Sotheby’s Sells Hodler Art for $8.4M </h3>
<p>                      <img alt="Swiss Auctions Growing as Sotheby’s Sells Hodler Art for $8.4M " class="img_keep_size" height="524" src="http://arteconomist.com/wp-content/plugins/rss-poster/cache/43147_ieVRBH6DOOCg.jpg" width="640" /></p>
<p class="photographer_attr">Sotheby&#8217;s via Bloomberg</p>
<p class="caption_only">The anonymous European private bidder who bought Ferdinand Hodler’s 1915 painting “Montana landscape with Becs de Bosson and Vallon de Rechy”, the most coveted work at the auction of solely Swiss artwork on June 4, won the telephone bid after an intense battle with a competitor, raising the price from the initial $2.5 million by 70 percent within minutes.</p>
<p class="caption">The anonymous European private bidder who bought Ferdinand Hodler’s 1915 painting “Montana landscape with Becs de Bosson and Vallon de Rechy”, the most coveted work at the auction of solely Swiss artwork on June 4, won the telephone bid after an intense battle with a competitor, raising the price from the initial $2.5 million by 70 percent within minutes. Source: Sotheby&#8217;s via Bloomberg </p>
<p>                          <a href="/video/swiss-paintings-attract-foreign-millionaire-buyers-Kmg93fQYQ0m5y_uvXDobGA.html"><br />
                <img alt="Swiss Paintings Attract Foreign Millionaire Buyers" class="small_img img_keep_size" src="http://arteconomist.com/wp-content/plugins/rss-poster/cache/43147_i_bFoOQ9kqLk.jpg" /></p>
<p>              </a></p>
<p class="caption">     June 19 (Bloomberg) &#8212; Zurich’s auction houses are attracting a growing number of international buyers for art, reflected in higher prices for artists including Ferdinand Hodler, Albert Anker and the Giacometti family.<br />
     Bloomberg&#8217;s Corinne Gretler reports. (Source: Bloomberg)</p>
<p>                    <a class="enlarge_image" rel="#img_337696" href="/photo/swiss-auctions-growing-/337696.html" target="_blank"><br />
                    <span>Enlarge image</span><br />
                    <img alt="Swiss Auctions Growing " class="small_img img_keep_size" src="http://arteconomist.com/wp-content/plugins/rss-poster/cache/43147_ieQn8tPTc0LY.jpg" /></a></p>
<h3 class="image_title">Swiss Auctions Growing </h3>
<p>                      <img alt="Swiss Auctions Growing " class="img_keep_size" height="435" src="http://arteconomist.com/wp-content/plugins/rss-poster/cache/43147_ivqob8Hek83g.jpg" width="640" /></p>
<p class="photographer_attr">Christie&#8217;s International via Bloomberg</p>
<p class="caption_only">Christie&#8217;s exhibits masterpieces like Hodler&#8217;s &#8220;Brienzer See&#8221; in salesrooms outside of Switzerland before auctions. The sales are beginning to attract more Asian buyers.</p>
<p class="caption">Christie&#8217;s exhibits masterpieces like Hodler&#8217;s &#8220;Brienzer See&#8221; in salesrooms outside of Switzerland before auctions. The sales are beginning to attract more Asian buyers. Source: Christie&#8217;s International via Bloomberg </p>
<p>Article source: <a href="http://www.bloomberg.com/news/2013-06-18/swiss-art-mimics-banks-by-luring-foreign-millionaires.html">http://www.bloomberg.com/news/2013-06-18/swiss-art-mimics-banks-by-luring-foreign-millionaires.html</a>
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		<title>Christie&#8217;s London Auction Brings Modest Art and Modest Sales</title>
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		<pubDate>Wed, 19 Jun 2013 03:22:53 +0000</pubDate>
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		<description><![CDATA[Christie’s Images Ltd  Wassily Kandinsky’s “Studie ze Improvisation 3.” LONDON – A colorful canvas painted by Wassily Kandinsky in 1909 brought $21.1 million at Christie’s here on Tuesday night. In 2008 the same painting brought $16.8 million at a New York auction. For the start of the summer auction season here, Christie’s had cobbled together a modest sale of Impressionist and modern art. Still the auction house managed to sell $100.4 million worth of art, above its low estimate of $82.8 million, but not reaching its high of $118.8 million. Of the 44 works on offer, seven failed to find buyers. After the sale ended, Jussi Pylkkänen, president of Christie’s Europe and the evening’s auctioneer said there were buyers from emerging markets like Asia, Russia and India, “corners of the world we weren’t touching five years ago.’’ Acquiring top quality paintings and sculptures has been difficult for both Chritstie’s and Sotheby’s, which will hold its Impressionist and modern art on Wednesday. The best works are either in museums and not available for sale or secreted away in private homes where collectors, uncertain of the financial markets, are holding onto them. As a result this month both auction houses have relied [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://arteconomist.com/wp-content/plugins/rss-poster/cache/5a034_Kandinsky-cap-blog480.jpg" width="480" height="331" alt=" Wassily Kandinsky's " /><span class="credit">Christie’s Images Ltd</span> <span class="caption"> Wassily Kandinsky’s “Studie ze Improvisation 3.”</span>
<p>LONDON – A colorful canvas painted by Wassily Kandinsky in 1909 brought $21.1 million at Christie’s here on Tuesday night.  In 2008 the same painting brought $16.8 million at a New York auction.</p>
<p>For the start of the summer auction season here, Christie’s had cobbled together a modest sale of Impressionist and modern art. Still the auction house managed to sell $100.4 million worth of art, above its low estimate of $82.8 million, but not reaching its high of $118.8 million. Of the 44 works on offer, seven failed to find buyers.</p>
<p>After the sale ended, Jussi Pylkkänen, president of Christie’s Europe and the evening’s auctioneer said there were buyers from emerging markets like Asia, Russia and India, “corners of the world we weren’t touching five years ago.’’</p>
<p>Acquiring top quality paintings and sculptures has been difficult for both Chritstie’s and Sotheby’s, which will hold its Impressionist and modern art on Wednesday. The best works are either in museums and not available for sale or secreted away in private homes where collectors, uncertain of the financial markets, are holding onto them. As a result this month both auction houses have relied on the considerable inventory amassed by <a href="http://www.nytimes.com/2013/05/17/arts/design/helly-nahmad-gallery-owner-indicted-in-gambling-case.html">the Nahmads</a> — the dynasty of dealers with spaces in New York and London — to supply them with many of their priciest works. <span></span></p>
<p>The family has been in the hot seat recently. In April, Hillel Nahmad, 34, known as Helly, was charged by federal prosecutors with playing a leading role in a gambling and money-laundering operation that stretched from Kiev and Moscow to Los Angeles and New York, where he is based. Mr. Nahmad has denied these charges and was absent on Tuesday evening, because he had to surrender his passport as part of his bail agreement. But plenty of other family members were there and bidding, including Mr. Nahmad’s father, David, his cousin from London, who is also called Helly, his brother David and his uncle, Ezra. It was the Nahmad’s who owned the Kandinsky, purchased nearly five years ago at a Christie’s sale in New York.</p>
<p> (Final prices include the buyer’s premium: 25 percent for the first $75,000; 20 percent on the next $75,001 to $1.5 million and 12 percent on the rest. Estimates do not reflect commissions.)</p>
<p><img src="http://arteconomist.com/wp-content/plugins/rss-poster/cache/a9222_Modigliani-cap-blog480.jpg" width="480" height="683" alt="Modgiliani’s 1916 portrait of the art dealer Paul Guillaume." /><span class="credit">Christie’s Images Ltd</span> <span class="caption">Modgiliani’s 1916 portrait of the art dealer Paul Guillaume.</span>
<p>Besides selling the Kandinsky — “Studie ze Improvisation 3’’ which was snapped up by Beda Jedlicka, a Zurich dealer who said he was bidding on behalf of a client, the Nahmad’s were also the owners of another top work —  Modgiliani’s 1916 portrait of the art dealer Paul Guillaume.  A familiar image to seasoned auction goers, the painting had been at auction three times in 17 years, first at Christie’s in 1996, when the Las Vegas casino owner Stephen A. Wynn bought it for $3.4 million, and then at Sotheby’s in New York in 2000 for $4.6 million. In 2006 the Nahmads bought it for $4.8 million, just below its $5 million low estimate.  This time around Christie’s had expected it to bring $7.6 million to $11 million.  Representatives from the Hammer Galleries in New York bought it for $10.6 million.</p>
<p>The sale also featured a number of late-era Picassos. “Femme Assise dans un Fauteuil,’’ a 1960 portrait of the artist’s wife Jacqueline Roque was expected to fetch $6.1 million to $9 million.  It had last been on the market at Sotheby’s in New York in 2006 where it sold for $6.7 million. John Lumley, vice-chairman of Christie’s in Europe, could be seen bidding on behalf of the New York dealer William Acquavella who ended up paying $9.5 million for the painting.</p>
<p>Like many of the dealers in the audience Daniella Luxembourg, who divides her time between London and New York, was talking after the sale about the endless appetite for art, no matter what is on offer.  “There’s money for art,’’ she said.  “There’s no doubt about it.’’</p>
<p>Article source: <a href="http://artsbeat.blogs.nytimes.com/2013/06/18/christies-london-auction-brings-modest-art-and-modest-sales/">http://artsbeat.blogs.nytimes.com/2013/06/18/christies-london-auction-brings-modest-art-and-modest-sales/</a>
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		<title>Crucifixion images no longer command auction prices</title>
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		<pubDate>Tue, 18 Jun 2013 21:21:21 +0000</pubDate>
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				<category><![CDATA[At Auction]]></category>

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		<description><![CDATA[(RNS) Paintings and sculptures of what may be the most iconic scene in the history of art — the crucifixion of Jesus — are no longer commanding the auction prices they once did. While it’s common for individual works to occasionally sell for less than they are worth, consider: In January, a late 14th-century Florentine painting of Jesus on the cross estimated between $80,000 and $120,000 sold at Sotheby’s for $86,500. An Italian Crucifixion from the same period, estimated between $100,000 and $150,000, sold for $110,500 at the same auction. The previous December, Sotheby’s London sold a mid-16th century Netherlandish Crucifixion sculpture estimated at $31,500 to $47,000 for about $27,500. Even images of Crucifixions by established masters can be purchased on the cheap, said Joaneath Spicer, curator of Renaissance and baroque art at The Walters Art Museum in Baltimore. Spicer hasn’t purchased Crucifixions for the museum in some time. In part, she said, Christian art has become the victim of its own success. Property from a Flemish Private Collection, Netherlandish, Limburg, Mid-16th Century. Corpus Christi, polychromed wood and metal. Photo courtesy Sotheby’s London This image available for Web and print publication. For questions, contact Sally Morrow. “If I want more [...]]]></description>
			<content:encoded><![CDATA[<p>(RNS) Paintings and sculptures of what may be the most iconic scene in the history of art — the crucifixion of Jesus — are no longer commanding the auction prices they once did.</p>
<p>While it’s common for individual works to occasionally sell for less than they are worth, consider:</p>
<ul>
<li><span>In January, a late 14th-century Florentine painting of Jesus on the cross estimated between $80,000 and $120,000 sold at Sotheby’s for $86,500. </span></li>
<li><span>An Italian Crucifixion from the same period, estimated between $100,000 and $150,000, sold for $110,500 at the same auction. </span></li>
<li><span>The previous December, Sotheby’s London sold a mid-16th century Netherlandish Crucifixion sculpture estimated at $31,500 to $47,000 for about $27,500.</span></li>
</ul>
<p><span>Even images of Crucifixions by established masters can be purchased on the cheap, said Joaneath Spicer, curator of Renaissance and baroque art at The Walters Art Museum in Baltimore. Spicer hasn’t purchased Crucifixions for the museum in some time. </span></p>
<p><span>In part, she said, Christian art has become the victim of its own success.</span></p>
<p><a href="http://www.religionnews.com/2013/06/18/crucifixion-images-no-longer-command-auction-prices/rns-crucifix-sales/" rel="attachment wp-att-8616"><img class="size-medium wp-image-8616" alt="Property from a Flemish Private Collection, Netherlandish, Limburg, Mid-16th Century. Corpus Christi, polychromed wood and metal. Photo courtesy Sotheby's London" src="http://arteconomist.com/wp-content/plugins/rss-poster/cache/d20b0_thumbRNS-CRUCIFIX-SALES060513-276x369.jpg" width="276" height="369" /></a>
<p class="wp-caption-text">Property from a Flemish Private Collection, Netherlandish, Limburg, Mid-16th Century. Corpus Christi, polychromed wood and metal. Photo courtesy Sotheby’s London</p>
<hr class="hr-small" />
<p class="wp-caption-text"><i /> This image available for <a target="_blank" href="http://www.religionnews.com/wp-content/uploads/2013/06/thumbRNS-CRUCIFIX-SALES060513.jpg">Web</a> and <a target="_blank" href="http://archives.religionnews.com/multimedia/photos/rns-crucifix-sales">print</a> publication. For questions, contact Sally Morrow. </p>
<p><span>“If I want more Crucifixion bronzes, there are some in storage that are quite nice,” she said.</span></p>
<p><span>But there are other cultural factors that may be contributing to the declining sales prices. One of them may be changing worship styles that rely more on words and music and less on visual images. A bigger one may be an unwillingness to openly and publicly display one’s religious commitments. </span></p>
<p><span>“The de-emphasis on art as part of the devotional experience within the Catholic Church surely has had some impact on this,” said Spicer. </span></p>
<p><span>Catholics are also less likely to display religious art in their homes, said Eike Schmidt, curator of decorative arts and sculpture at the Minneapolis Institute of Arts. </span></p>
<p><span>“Wealthy Catholics nowadays, in general, do not seem to be particularly ambitious to crown their art collections with an outstanding crucifix or a painted Crucifixion,” said Schmidt, a former Sotheby’s London department head. “House-altars have become a rarity.” </span></p>
<blockquote>
<ul>
<li><span>READ: Also disappearing from the walls of churches and Christmas stamps: <a href="http://archives.religionnews.com/culture/arts-and-media/christmas-missing-icon-mary-breastfeeding-jesus">Images of Mary breastfeeding Jesus.</a> </span></li>
</ul>
</blockquote>
<p><span>The interiors depicted in architectural magazines and furniture sales catalogs today tend to be devoid of any religious iconography, “with the odd exception of mass-produced Buddha heads, which I suspect have very little to do with Buddhist theology and practice,” Schmidt added. </span></p>
<p><span>James Martin, a Jesuit priest and editor at large at “America” magazine, agrees that Catholics are less likely to adorn their homes with Sacred Hearts or crucifixes. </span></p>
<p><span>“People are less comfortable with displaying their piety on their walls for fear of offending people because we live in a less religious culture all around,” he said. </span></p>
<p><span>At a time when prosperity teachings are especially popular, people don’t relate as much to Christian concepts of sin and suffering. </span></p>
<p><span>And for non-Christians, the image of the suffering Jesus can be particularly troubling. </span></p>
<p><span>“If you’re not religious, the image of a person nailed to a cross is probably very uncomfortable,” Martin says. “It’d be like getting an image of a man strapped to an electric chair.” </span></p>
<p><span>With a rising Asian market for art, it’s not surprising many buyers are turning their backs on Christian imagery. </span></p>
<p><span>“I have seen museum visitors from India and China to be surprised and appalled by the depiction of a man who dies from torture, and moreover to be told that this is the central image and at the theological core of a world religion,” said Schmidt, the Minneapolis Institute of Arts curator. </span></p>
<p><span>Despite their lack of comfort with religious art, collectors are looking for direct images that strike an emotional chord. For many collectors, that means contemporary art, such as works by Andy Warhol, but that kind of directness is displayed in works by the Old Masters, many of which are religious, as well. </span></p>
<p><span>“The Old Masters field in general — while some of the prices have hit astronomical levels, which is terrific — is undervalued,” said Margi Schwartz, senior vice president and head of the European sculpture and tapestry department at Sotheby’s. </span></p>
<p><span>“It’s a supply and demand issue,” she added. “And as we feel that squeeze, I think there will be more and more collectors realizing that they’d better get in there, because there are not a lot of opportunities to find things. This art is not being made any more.”</span></p>
<p> </p>
<p>Article source: <a href="http://www.religionnews.com/2013/06/18/crucifixion-images-no-longer-command-auction-prices/">http://www.religionnews.com/2013/06/18/crucifixion-images-no-longer-command-auction-prices/</a>
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		<title>Wassily Kandinsky Auction: &#8216;Studie Zu Improvisation 3&#8242; Expected To Sell For Up &#8230;</title>
		<link>http://arteconomist.com/?p=5971</link>
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		<pubDate>Tue, 18 Jun 2013 21:21:20 +0000</pubDate>
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				<category><![CDATA[At Auction]]></category>

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		<description><![CDATA[A painting by expressionist master Wassily Kandinsky is set to fetch millions at auction this week. The work, one of the Russian artist&#8217;s signature &#8220;Improvisations&#8221;, has been slapped with a $25 million high estimate, making it one of the priciest gems at Christie&#8217;s upcoming Impressionist and Modern Art Sale. Wassily Kandinsky, &#8220;Studie zu Improvisation 3,&#8221; 1909, Oil and gouache on cardboard in the artist&#8217;s painted frame Titled &#8220;Studie zu Improvisation 3,&#8221; the 1909 painting is an early manifestation of the &#8220;Improvisations&#8221; series, in which the artist transformed the visual world into mesmerizing configurations of color and shape. Or, as Christies states in a press release, &#8220;they are among the first paintings in the history of art to mark the deliberate freeing of form and colour from their conventional pictorial duties towards the creation of non-material, non-objective and abstract art of the spirit.&#8221; Using his signature candy-colored paint palette, Kandinsky depicts a knight on horseback, a symbol of both the power of the human spirit and the lone artist in his quest. With intense hues and liberated brushstrokes he simultaneously creates a landscape and an abstract meditation on painting itself. The going rate for such a feat? Christie&#8217;s expects the work [...]]]></description>
			<content:encoded><![CDATA[<p>A painting by expressionist master Wassily Kandinsky is set to fetch millions at auction this week. The work, one of the Russian artist&#8217;s signature &#8220;Improvisations&#8221;, has been slapped with a $25 million high estimate, making it one of the priciest gems at <a href="http://www.christies.com/" target="_hplink">Christie&#8217;s</a> upcoming <a href="http://www.christies.com/sales/impressionist-modern-london-june-2013/index.aspx" target="_hplink">Impressionist and Modern Art Sale</a>.</p>
<p><img alt="2013-06-17-Lot6WassilyKandinskyStudiezuImprovisation31909.jpg" src="http://arteconomist.com/wp-content/plugins/rss-poster/cache/6a897_2013-06-17-Lot6WassilyKandinskyStudiezuImprovisation31909.jpg" width="2000" height="1378" /><br />
Wassily Kandinsky, &#8220;Studie zu Improvisation 3,&#8221; 1909, Oil and gouache on cardboard in the artist&#8217;s painted frame</p>
<p>
Titled &#8220;<a href="http://www.christies.com/lotfinder/paintings/wassily-kandinsky-studie-zu-improvisation-3-5145319-details.aspx#top" target="_hplink">Studie zu Improvisation 3</a>,&#8221; the 1909 painting is an early manifestation of the &#8220;Improvisations&#8221; series, in which the artist transformed the visual world into mesmerizing configurations of color and shape. Or, as Christies states in a press release, &#8220;they are among the first paintings in the history of art to mark the deliberate freeing of form and colour from their conventional pictorial duties towards the creation of non-material, non-objective and abstract art of the spirit.&#8221;</p>
<p>Using his signature candy-colored paint palette, Kandinsky depicts a knight on horseback, a symbol of both the power of the human spirit and the lone artist in his quest. With intense hues and liberated brushstrokes he simultaneously creates a landscape and an abstract meditation on painting itself. The going rate for such a feat? Christie&#8217;s expects the work to sell for $18-25 million when it hits the auction block on June 18 in London. </p>
<p>In 2012 a Kandinsky from the <a href="http://www.bloomberg.com/news/2012-11-08/kandinsky-painting-sells-for-record-23-million.html" target="_hplink">same series, &#8220;Studie fur Improvisation 8,&#8221; went for $23 million</a>; only time will tell if the expressionist&#8217;s work has kept its allure. Would you pay a cool $25 million for some of Kandinsky&#8217;s early improv? Let us know in the comments and check out a slideshow of last year&#8217;s highest selling works below.</p>
<p>	<em>Loading Slideshow</em></p>
<ul class="hp-slideshow">
<li>
<h4>Wassily Kandinsky&#8217;s &#8220;Study for Improvisation 8&#8243; &#8211; $23 million</h4>
<p>ARTIST: Russian abstract painter, Wassily Kandinsky (1866-1944)<br />
ARTWORK: Oil painting of religious pilgrims in Kiev painted in 1909.<br />
AUCTION:  a href=&#8221;http://www.christies.com/lotfinder/paintings/wassily-kandinsky-studie-fur-improvisation-8-5615597-details.aspx&#8221;Christie&#8217;s Impressionist and Modern Art Sale/a (November 2012)<br />
PRICE: $23,042,500</p>
<p>For more on the Kandinsky painting, check out our a href=&#8221;http://www.huffingtonpost.com/2012/08/30/oil-painting-by-russian-a_n_1840215.html&#8221;original article here/a.</p>
</li>
<li>
<h4>Jean-Michel Basquiat&#8217;s &#8220;Untitled&#8221; &#8211; $26.4 million</h4>
<p>ARTIST: New York-bred graffiti-turned-gallery painter, Jean-Michel Basquiat (1960-1988).<br />
ARTWORK: A large, colorful acrylic and oil stick on canvas work depicting a skeletal fisherman yielding his loot, created in 1981.<br />
AUCTION: a href=&#8221;http://www.christies.com/LotFinder/lot_details.aspx?intObjectID=5621952&#8243;Christie&#8217;s Post-War and Contemporary Art Sale/a (November 2012)<br />
PRICE: $26,402,500</p>
<p>for more on Basquiat&#8217;s painting, check out our a href=&#8221;http://www.huffingtonpost.com/2012/09/19/jean-michel-basquiat-pois_n_1896428.html&#8221;original article here/a.</p>
</li>
<li>
<h4>Francis Bacon&#8217;s &#8220;Untitled (Pope)&#8221; &#8211; $29.8 million</h4>
<p>ARTIST: British figurative painter, Francis Bacon (1909-1992).<br />
ARTWORK: One of Bacon&#8217;s &#8220;Pope&#8221; paintings, which depict the Bishop of Rome sitting atop his papal throne with his mouth agape, seemingly writhing in a fit of terror. Created circa 1954.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/ecatalogue/2012/contemporary-art-evening-auction-n08900/lot.26.html&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (November 2012)<br />
PRICE: $29,762,500</p>
<p>For more on Bacon&#8217;s &#8220;Pope&#8221; check out our a href=&#8221;http://www.huffingtonpost.com/2012/09/28/francis-bacons-acclaimed-_n_1923279.html&#8221;original article here/a.</p>
</li>
<li>
<h4>Henry Moore&#8217;s &#8220;Reclining Figure: Festival&#8221; &#8211; $30.1 million</h4>
<p>ARTIST: British sculptor, Henry Moore (1898-1986).<br />
ARTWORK: A 6-foot-long bronze sculpture depicting a laid-back female figure resting on one elbow, created in 1951.<br />
AUCTION: a href=&#8221;http://www.christies.com/in-the-saleroom-henry-moore-reclining-figure-festi-2114-3.aspx&#8221;Christie&#8217;s Impressionist / Modern Art Evening Sale/a (February 2012)<br />
PRICE: £19,081,250 (approximately $30.1 million)</p>
<p>IMAGE: A gallery assistant at Christie&#8217;s auction house admires a sculpture by Henry Moore entitled &#8216;Reclining Figure: Festival&#8217; on February 2, 2012 in London, England.  (Photo by Oli Scarff/Getty Images)</p>
</li>
<li>
<h4>Jeff Koons&#8217; &#8220;Tulips&#8221; &#8211; $33.7 million</h4>
<p>ARTIST: American neo-pop artist and &#8220;Balloon Dog&#8221; extraordinaire, Jeff Koons (1955-present).<br />
ARTWORK: A large-scale, mirror-polished stainless steel sculpture with transparent color coating created between 1995 and 2004.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/sculptures-statues-figures/jeff-koons-tulips-5621948-details.aspx?intObjectID=5621948&#8243;Christie&#8217;s Post-War and Contemporary Art Sale/a (November 2012)<br />
PRICE: $33,682,500</p>
</li>
<li>
<h4>Gerhard Richter&#8217;s &#8220;Abstraktes Bild&#8221; &#8211; $34.2 million</h4>
<p>ARTIST: Abstract and photorealist painter Gerhard Richter (1932-present).<br />
ARTWORK: A squeegee painting created in 1994 and owned by famous British musician, Eric Clapton. It was bought by Clapton for £2million ($3.2 million) in 2001 and sold for 10 times the price tag 11 years later.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/ecatalogue/2012/contemporary-art-evening-auction-l12024/lot.15.lotnum.html&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (October 2012)<br />
PRICE: £21,321,250 (approximately $34.2 million)</p>
<p>For more on Eric Clapton&#8217;s big sale, check out our a href=&#8221;http://www.huffingtonpost.com/2012/10/15/eric-clapton-sells-gerhar_n_1966518.html&#8221;original article here/a.</p>
<p>IMAGE: A Sotheby&#8217;s employee stands in front of Gerhard Richter&#8217;s &#8216;Abstraktes Bild (809-)&#8217; painting on October 8, 2012 in London, England. (Photo by Peter Macdiarmid/Getty Images)</p>
</li>
<li>
<h4>John Constable&#8217;s &#8220;The Lock&#8221; &#8211; $35.2 million</h4>
<p>ARTIST: British Romantic artist, John Constable (1776-1837).<br />
ARTWORK: The fifth in a celebrated series of six large-scale paintings of the Stour Valley in Suffolk.<br />
AUCTION: Old Master and British Paintings Evening Sale<br />
PRICE: $35,210,321</p>
<p>IMAGE: Employees pose with a painting by British Romantic artist John Constable entitled &#8220;The Lock&#8221; at Christie&#8217;s auction house in central London on June 12, 2012. (CARL COURT/AFP/GettyImages)</p>
</li>
<li>
<h4>Jackson Pollock&#8217;s &#8220;Number 4, 1951&#8243; &#8211; $36 million</h4>
<p>ARTIST: Abstract expressionist painter, Jackson Pollock (1912-1956).<br />
ARTWORK: A rare drip painting on canvas created in 1951.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/2012/contemporary-art-evening-auction-n08900/overview.html&#8221;Sotheby&#8217;s Contemporary Art Evening Sale /a(November 2012)<br />
PRICE: $40,402,500</p>
<p>Image: Sotheby&#8217;s employees hold Jackson Pollock&#8217;s &#8216;Number 4, 1951&#8242; on October 8, 2012 in London, England. Estimated at $25-35 million the work forms part of Sotheby&#8217;s Impressionist, Modern and  Contemporary Art sale on November 5, 2012 in New York.  (Photo by Peter Macdiarmid/Getty Images)</p>
</li>
<li>
<h4>Yves Klein&#8217;s &#8220;The Pink of Blue&#8221; &#8211; $36.8 million</h4>
<p>ARTIST: French post-war artist, Yves Klein, who is well-known for his devotion to the color blue (1928-1962).<br />
ARTWORK: Natural sponges and pebbles soaked in pigment and scattered on a board. Named &#8220;The Pink of Blue&#8221;, the sponge-relief is similar to Klein&#8217;s other works created in International Klein Blue. It was finished in 1960.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/paintings/yves-klein-le-rose-du-bleu-5584448-details.aspx&#8221;Christie&#8217;s Post-War and Contemporary Art Evening Sale /a(June 2012)<br />
PRICE: $36,779,111</p>
</li>
<li>
<h4>Joan Miro&#8217;s &#8220;Peinture (Etolie Bleue), 1927&#8243; &#8211; $36.9 million</h4>
<p>ARTIST: Spanish Cattelan artist, Joan Miro (1893-1993).<br />
ARTWORK: Oil on cavas work depicting Miro&#8217;s typical Surrealist imagery created in 1927.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/catalogues/ecatalogue.html/2012/impressionist-modern-art-evening-sale-l12006#/r=/en/ecat.fhtml.L12006.html+r.m=/en/ecat.lot.L12006.html/10/&#8221;Sotheby&#8217;s Impressionist  Modern Art Evening Sale/a  (June 2012)<br />
PRICE: $36,946,396</p>
<p>IMAGE: Gallery assistants pose with Spanish Catalan artist Joan Miro&#8217;s &#8216;Peinture (Etolie Bleue), 1927&#8242; at Sotheby&#8217;s acution house in central London on June 14, 2012. (LEON NEAL/AFP/GettyImages)</p>
</li>
<li>
<h4>Andy Warhol&#8217;s &#8220;Double Elvis&#8221; &#8211; $37 million</h4>
<p>ARTIST: Pop art king, Andy Warhol (1928-1987)<br />
ARTWORK: A silver silkscreen image of Elvis Presley depicted as a cowboy. The work, created in 1963, is named for the duplicate screening of Elvis that appears to the left of the central figure.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/catalogues/ecatalogue.html/2012/contemporary-art-evening-n08853#/r=/en/ecat.fhtml.N08853.html+r.m=/en/ecat.lot.N08853.html/27/&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (May 2012)<br />
PRICE: $37,042,500</p>
<p>For more on Warhol&#8217;s &#8220;Double Elvis,&#8221; check out the a href=&#8221;http://www.huffingtonpost.com/2012/05/10/warhol-elvis-fetches-37m-_n_1506141.html&#8221;original AP story here/a.</p>
<p>IMAGE: This undated file image provided by Sotheby&#8217;s Auction House shows Andy Warhol&#8217;s portrait of Elvis Presley depicted as a cowboy. The painting, with a silver background, Double Elvis [Ferus Type] sold at auction by Sothebys in New York for $37 million on May 9, 2012. (AP Photo/Sotheby&#8217;s Auction House, File)</p>
</li>
<li>
<h4>Franz Kline&#8217;s &#8220;Untitled&#8221; &#8211; $40.4 million</h4>
<p>ARTIST: Abstract expressionist and contemporary of Mark Rothko and Jackson Pollock, Franz Kline (1910-1962).<br />
ARTWORK: The untitled piece belongs to the series of black and white abstractions for which Kline is known, combining aggressive brushstrokes with simple forms reminiscent of Japanese calligraphy.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/paintings/franz-kline-untitled-5621927-details.aspx&#8221;Christie&#8217;s Post-War and Contemporary Art Evening Sale/a (November 2012)<br />
PRICE: $40,402,500</p>
<p>For more on Kline&#8217;s calligraphic work, check out our a href=&#8221;http://www.huffingtonpost.com/2012/10/26/franz-klines-untitled-abs_n_2023830.html&#8221;original article here/a.</p>
</li>
<li>
<h4>Andy Warhol&#8217;s &#8220;Statue of Liberty&#8221; &#8211; $43.7 million</h4>
<p>ARTIST: Andy Warhol, again.<br />
ARTWORK: This time it&#8217;s a screen print of the State of Liberty, created in 1962.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/paintings/andy-warhol-statue-of-liberty-5621945-details.aspx?intObjectID=5621945&#8243;Christie&#8217;s Post-War and Contemporary Art Sale/a (November 2012)<br />
PRICE: $43,762,500</p>
</li>
<li>
<h4>Claude Monet&#8217;s &#8220;Water Lillies&#8221; &#8211; $43.8 million</h4>
<p>ARTIST: French Impressionist painter, Claude Monet (1840-1926).<br />
ARTWORK: A work from Monet&#8217;s &#8220;Water Lilies&#8221; series, depicting a pond in Giverny, France. Created in 1905.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/paintings/claude-monet-nympheas-5615591-details.aspx?from=searchresultsintObjectID=5615591sid=4fab7ff1-5ea5-4100-830c-27f4c613b81a&#8221;Christie&#8217;s Impressionist and Modern Art Evening Sale/a (November 2012)<br />
PRICE: $43,762,500</p>
<p>To read more about Monet&#8217;s &#8220;Water Lilies&#8221;, check out the a href=&#8221;http://www.huffingtonpost.com/2012/11/09/work-from-monets-water-li_n_2101182.html#slide=1741505&#8243;original AP article here/a.</p>
</li>
<li>
<h4>Francis Bacon&#8217;s &#8220;Figure Reflected in a Mirror&#8221; &#8211; $44.9 million</h4>
<p>ARTIST: Francis Bacon, again.<br />
ARTWORK: Oil on canvas work created in 1976.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/catalogues/ecatalogue.html/2012/contemporary-art-evening-n08853#/r=/en/ecat.fhtml.N08853.html+r.m=/en/ecat.lot.N08853.html/19/&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (May 2012)<br />
PRICE: $44,882,500</p>
</li>
<li>
<h4>Roy Lichtenstein &#8220;Sleeping Girl&#8221; &#8211; $44.9 million</h4>
<p>ARTIST: Famous American pop artist and major Ben-Day dot fan,  (1923-1997)<br />
ARTWORK: Part of a series of sexy comic book-inspired images Lichtenstein created in 1964.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/ecatalogue/2012/contemporary-art-evening-n08853/lot.16.lotnum.html&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (May 2012)<br />
PRICE: $44,882,500</p>
<p>IMAGE: This undated file photo provided by Sotheby&#8217;s Auction House in New York shows &#8220;Sleeping Girl&#8221; by artist Roy Lichtenstein. The painting sold for $44.8 million by Sotheby&#8217;s on Wednesday May 9, 2012. (AP Photo/Sotheby&#8217;s, File)</p>
</li>
<li>
<h4>Raphael&#8217;s &#8220;Head of a Young Apostle&#8221; &#8211; $47.8 million</h4>
<p>ARTIST: Renaissance painter, Raffaello Sanzio da Urbino, better known as Raphael (1483-1520).<br />
ARTWORK: A drawing titled &#8220;Head of a Young Apostle&#8221; that depicts one of the primary figures from Raphael&#8217;s &#8220;Transfigurations.&#8221; Created circa 1519-1520.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/ecatalogue/2012/old-master-british-paintings-evening-l12036/lot.52.lotnum.html&#8221;Sotheby&#8217;s Old Master  British Paintings Evening Sale/a (December 2012)<br />
PRICE: Approximately $47,690,717</p>
</li>
<li>
<h4>Mark Rothko&#8217;s &#8220;No. 1 (Royal Red and Blue)&#8221; &#8211; $75.1 million</h4>
<p>ARTIST: Russian-American abstract painter, and lover of all things color-blocked, Mark Rothko.<br />
ARTWORK: A multi-form oil painting reminiscent of most of Rothko&#8217;s later work. Created in 1954.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/auctions/ecatalogue/2012/contemporary-art-evening-auction-n08900/lot.19.lotnum.html&#8221;Sotheby&#8217;s Contemporary Art Evening Sale/a (November 2012)<br />
PRICE: $75,122,500
</p>
</li>
<li>
<h4>Mark Rothko&#8217;s &#8220;Orange, Red, Yellow&#8221; &#8211; $87 million</h4>
<p>ARTIST: Marky Mark, again.<br />
ARTWORK: Another multi-form, of course. This one was created in 1961.<br />
AUCTION: a href=&#8221;http://www.christies.com/lotfinder/paintings/mark-rothko-orange-red-yellow-5559196-details.aspx&#8221;Christie&#8217;s Post-War and Contemporary Art Evening Sale/a (May 2012)<br />
PRICE: $86,882,500</p>
<p>IMAGE: In this undated file photo provided by Christie&#8217;s Auction House, &#8220;Orange, Red, Yellow,&#8221; a 1956 painting by Mark Rothko is shown. The painting was sold by Christie&#8217;s in New York for $388.5 million on Tuesday, May 8, 2012. (AP Photo/Sotheby&#8217;s Auction Housse, File)</p>
</li>
<li>
<h4>The Scream &#8211; $119.9 million</h4>
<p>ARTIST: Edvard Munch, the Norwegian painter and printmaker known for his treatment of dark, psychological motifs (1863-1944).<br />
ARTWORK: This version of the iconic piece, &#8220;The Scream,&#8221; is not a painting but is pastel on board. It was created in 1895.<br />
AUCTION: a href=&#8221;http://www.sothebys.com/en/sales-series/2012/impressionist-modern-art-evening-sale/overview.html&#8221;Sotheby&#8217;s Impressionist and Modern Art Evening Sale/a (May 2012)<br />
PRICE: $119,922,500, making this version of &#8220;The Scream&#8221; emthe/em a href=&#8221;http://www.huffingtonpost.com/2012/07/12/the-scream-mystery-buyer_n_1668170.html&#8221;emmost expensive/em piece of art ever sold at auction/a.</p>
<p>IMAGE: In this undated photo provided by Sothebys Auction House in New York, The Scream, by Norwegian painter Edvard Munch is shown. The 1895 pastel on board, arguably one of the art world&#8217;s most recognizable images, will go on view at the Museum of Modern Art in New York beginning Oct. 24, 2012. (AP Photo/Sothebys Auction House)</p>
</li>
</ul>
<p>Article source: <a href="http://www.huffingtonpost.com/2013/06/18/wassily-kandinsky-auction-studie-zu-improvisation-3-_n_3454755.html?utm_hp_ref=arts">http://www.huffingtonpost.com/2013/06/18/wassily-kandinsky-auction-studie-zu-improvisation-3-_n_3454755.html?utm_hp_ref=arts</a>
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		<title>NJ couple&#8217;s collection of 3 generations of Wyeth art to be auctioned &#8211; The Star-Ledger</title>
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		<pubDate>Tue, 18 Jun 2013 15:18:42 +0000</pubDate>
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		<description><![CDATA[N.C. Wyeth&#8217;s Norry Seavey Hauling Traps Off Blubber Island, an oil painting from 1938, is among the 13 works in Eric and Cynthia Sambol&#8217;s collection being auctioned at Christie&#8217;s.Christie&#8217;s Images, Ltd 2013  Eric Sambol first discovered the power of American painter Andrew Wyeth while he was on a class trip to the Metropolitan Museum of Art, where an exhibition of Wyeth’s paintings was on view. The 1976 exhibition fascinated Sambol, then a junior at Toms River High School North, and the moodiness and intimacy of Wyeth’s paintings and his themes of nostalgia and loss touched him, he said. The show started Sambol on journey that led the Ocean County businessman to collect Wyeth’s work, to correspond with the artist and later visit him and members of his family. It also inspired and enriched his own work as a photographer. &#8220;I knew behind every realistic image, an ambiguity, a disquiet and a generational family story was hiding,&#8221; Sambol, 53, said this week in an interview conducted by e-mail. &#8220;The moment you look into the work, it draws you in as three generations of family stories visually unfold.&#8221; Tomorrow, &#8220;Three Generations of Wyeth: The Collection of Eric and Cynthia Sambol&#8221; will be [...]]]></description>
			<content:encoded><![CDATA[<p><span class="adv-photo-large"><span class="photo-data"><span class="caption">N.C. Wyeth&#8217;s Norry Seavey Hauling Traps Off Blubber Island, an oil painting from 1938, is among the 13 works in Eric and Cynthia Sambol&#8217;s collection being auctioned at Christie&#8217;s.</span><span class="byline">Christie&#8217;s Images, Ltd 2013</span></span></span> </p>
<p>Eric Sambol first discovered the power of American painter Andrew Wyeth while he was on a class trip to the Metropolitan Museum of Art, where an exhibition of Wyeth’s paintings was on view. </p>
<p>The 1976 exhibition fascinated Sambol, then a junior at Toms River High School North, and the moodiness and intimacy of Wyeth’s paintings and his themes of nostalgia and loss touched him, he said. The show started Sambol on journey that led the Ocean County businessman to collect Wyeth’s work, to correspond with the artist and later visit him and members of his family.</p>
<p>It also inspired and enriched his own work as a photographer.</p>
<p>&#8220;I knew behind every realistic image, an ambiguity, a disquiet and a generational family story was hiding,&#8221; Sambol, 53, said this week in an interview conducted by e-mail. &#8220;The moment you look into the work, it draws you in as three generations of family stories visually unfold.&#8221;</p>
<p>Tomorrow, &#8220;Three Generations of Wyeth: The Collection of Eric and Cynthia Sambol&#8221; will be offered as part of Christie’s sale of American art, which also includes paintings by Edward Hopper, Georgia O’Keeffe, Milton Avery, Norman Rockwell and John Singer Sargent.</p>
<p>The collection’s 13 works — six by Andrew Wyeth (1917-2009), one by his father N.C. Wyeth (1882-1945) and six from son Jamie Wyeth — is estimated to sell for between $5.7 million and $7.9 million, according to the auction’s catalog. The collection represents one of the largest groups of Wyeth art ever sold at Christie’s.</p>
<p>&#8220;The artworks they have acquired over the years are a testament to the Sambols’ deep-seeded commitment to forming a spectacular collection that captures the Wyeths’ vision of the American landscape,&#8221; said Elizabeth Sterling, head of American art at Christie’s.</p>
<p>Andrew Wyeth is one of the best-known American painters of the 20th century, a realist whose works captured daily life of his home town of Chadds Ford, Pa., and the coast of Maine. His father, N.C., was a respected illustrator whose work appeared on the cover of &#8220;The Saturday Evening Post&#8221; and in the Scribner Classics &#8220;Treasure Island&#8221; and &#8220;The Last of the Mohicans.&#8221; Son Jamie, 66, had his first solo show in New York at age 20 and is recognized for his keen observation of nature. His work is included in the National Gallery of Art, the Museum of Modern Art and the Brandywine River Museum, among others.</p>
<p>Sambol, the owner of a Toms River construction company, and his wife, Cynthia, a landscape designer, purchased their first Wyeth in 2000, the 1988 watercolor, &#8220;Flat Boat.&#8221; Later, they acquired such hallmark Andrew Wyeth works as &#8220;Rocky Hill,&#8221; a portrait of the artist’s dog, Nell, and &#8220;Heat Lightning,&#8221; a 1977 tempera of a woman with her face partially hidden.</p>
<p>Among the Jamie Wyeth works for sale is &#8220;Lighthouse Dandelions,&#8221; a work that emphasizes both his connection to Maine and to his family. The painting &#8220;combines the narrative qualities of his grandfather, N.C. Wyeth, with the haunting realism of his father Andrew,&#8221; according to the Christie’s catalog.</p>
<p>The emotions of the paintings have always been important to Sambol. </p>
<p>&#8220;Collecting isn’t just about purchasing objects for me,&#8221; Sambol said, who met Andrew Wyeth once in Chadds Ford and once in Maine, the two places the artist repeatedly captured in his work. </p>
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<p>&#8220;It was a very strange experience, visiting Andrew after living with his work. A part of him and his father and son lived with us for many years,&#8221; he explained. &#8220;Andrew is remembered as being very private, very secretive, yet in his work &#8230; he is so publicly revealed.&#8221; </p>
<p>Sambol also corresponded with the artist and said a letter from 2002 the artist &#8220;says it all about Andrew.&#8221;</p>
<p>&#8220;My brush does the speaking for me, not my pen,&#8221; Sambol quoted from Wyeth’s letter. </p>
<p>Sambol said he decided to sell the collection because his two daughters are now grown and he and his wife travel extensively.</p>
<p>&#8220;It is difficult to part with art that has become part of our tranquil environment,&#8221; he said. &#8220;It is time for me to work at my own creative practice of photography. It is time for this great American family art dynasty to be shared with others.&#8221;</p>
<h3>RELATED COVERAGE</h3>
<p>• <a href="http://www.nj.com/news/index.ssf/2011/01/new_jersey_historical_society.html">N.J. Historical Society is criticized for selling historical collection in effort to raise funds</a></p>
<p>• <a href="http://www.nj.com/entertainment/celebrities/index.ssf/2008/12/iconic_marilyn_monroe_photos_b.html">Iconic Marilyn Monroe photos being auctioned off at Christie&#8217;s</a></p>
<p>Article source: <a href="http://www.nj.com/entertainment/arts/index.ssf/2013/05/christies_auction_three_genera.html">http://www.nj.com/entertainment/arts/index.ssf/2013/05/christies_auction_three_genera.html</a>
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		<title>An Indian summer at London art auctions</title>
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		<pubDate>Mon, 17 Jun 2013 03:13:52 +0000</pubDate>
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				<category><![CDATA[At Auction]]></category>

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		<description><![CDATA[Leading international auctioneers Christie’s and Sotheby’s were once again vying with each other to offer the works of Indian contemporary masters this summer. The June auctions in London by these two were particularly thrilling with both selling works by the same painters. While 2013 is the centenary year for M F Husain, who passed away in 2011, the main point of focus appears to be abstract painter Vasudeo S Gaitonde. Art watchers have been keenly watching the summer sales in London where Christie’s and Sotheby’s were pitted against each other over Gaitonde’s paintings, the same way as in their auctions in March 2013. At their Modern and Contemporary South Asian Art auction, Sotheby’s managed to achieve the highest price of £6,98,500 (Rs 6.32 crore) with a newly discovered work by Gaitonde selling for more than twice its pre-sale estimate of £2,50,000-4,50,000 (Rs 2.26 crore-Rs 4.07 crore). Created by the artist in 1962, and still in its original frame, it was listed as ‘Painting No 1’ and was said to have been acquired by John D Rockefeller III in the 1960s. Stored in an attic, it was discovered during valuation at which time it was recognised as the work by a [...]]]></description>
			<content:encoded><![CDATA[<p>				Leading international auctioneers Christie’s and Sotheby’s were once again vying with each other to offer the works of Indian contemporary masters this summer. The June auctions in London by these two were particularly thrilling with both selling works by the same painters. While 2013 is the centenary year for M F Husain, who passed away in 2011, the main point of focus appears to be abstract painter Vasudeo S Gaitonde. Art watchers have been keenly watching the summer sales in London where Christie’s and Sotheby’s were pitted against each other over Gaitonde’s paintings, the same way as in their auctions in March 2013.
<p>
At their Modern and Contemporary South Asian Art auction, Sotheby’s managed to achieve the highest price of £6,98,500 (Rs 6.32 crore) with a newly discovered work by Gaitonde selling for more than twice its pre-sale estimate of £2,50,000-4,50,000 (Rs 2.26 crore-Rs 4.07 crore). Created by the artist in 1962, and still in its original frame, it was listed as ‘Painting No 1’ and was said to have been acquired by John D Rockefeller III in the 1960s.</p>
<p>
Stored in an attic, it was discovered during valuation at which time it was recognised as the work by a leading Indian artist. The painting is said to be part of a series of canvases Gaitonde had brought with him to sell in the US in the early 1960s.</p>
<p>
In the permanent collection of The Museum of Modern Art in New York is Painting No 4 from the same series and even more importantly, the Guggenheim Museum in New York, is scheduled to feature a retrospective solo exhibition in 2014 – making Gaitonde the first modern Indian painter to be featured at a major American institution.</p>
<p>
As expected, Gaitonde’s Untitled painted in 1962, also captured the limelight at Christie’s South Asian and Contemporary Art sale held in London, selling for £6,25,875 (Rs 5.66 crore). The painting, estimated at £5,00,000-7,00,000 (Rs 4.52 crore-Rs 6.33 crore), was said to be the largest canvas by this artist ever to be offered at an auction. This along with other works by the artist, brought  in over £1.2 million (Rs 10.84 crore). Gaitonde (1974-2001), was not considered a prolific artist and hence there are fewer works by him doing the rounds. His works of the 1960s are highly valued as they were created during his prime period.</p>
<p>
Among the major attractions at Christie’s London sale, was Husain’s Ganga Jamuna from the Bhownagary Family Collection, dating back to 1971. Unfortunately, this painting, estimated at £4,00,000-6,00,000 (Rs 3.62 crore-Rs 5.42 crore) , failed to find a buyer. However, nine other works by Husain notched up half a million pounds. Sotheby’s also did well with works by MF Husain, Jhoola painted in 1961 and ‘Untitled’ (three women with sitar) painted in 1979, were sold for £2,42,500 (Rs 2.19 crore) and £1,88,500 respectively (Rs 1.70 crore).</p>
<p>
Among the works of modern masters, Christie’s sold seven of Francis Newton Souza’s paintings including the popular ‘Red Houses’, for a sum close to £6,00,000. (Rs 5.42 crore).  Syed Haider Raza’s Street scenes and Rajasthani paintings, were also a big attraction and notched up a total of over £4,00,000 (Rs3.62 crore).</p>
<p>
At Sotheby’s among those that did well was Bhupen Khakhar. His ‘Air, Steam and Speed’ beat its pre-sale estimate of £1,00,000-1,50,000 (Rs 90 lakh-Rs 1.36 crore) and was sold for £182,500 (Rs 1.65 crore). Mark my words, he is certainly an artist to watch out for.</p>
<p>
<em>(The writer is a winner of many advertising design awards and a painter of repute)</em></p></p>
<p>Article source: <a href="http://www.mydigitalfc.com/leisure-writing/indian-summer-london-art-auctions-091">http://www.mydigitalfc.com/leisure-writing/indian-summer-london-art-auctions-091</a>
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		<title>Sotheby&#8217;s to offer landmark masterworks in its Contemporary Art Evening Auction</title>
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		<pubDate>Sun, 16 Jun 2013 21:12:19 +0000</pubDate>
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		<description><![CDATA[LONDON.- On 26th June, Sothebys London will offer a remarkable selection of works which articulate key moments in the careers of many giants of Contemporary Art. Alongside a strong selection of Post-War European Masters, the sale has a particularly strong showing of major British names. At its heart are two key paintings by Francis Bacon  one a work from his legendary first commercial show at the Hanover Gallery in 1949  the other, an outstanding triptych portrait of his closest female friend, muse and lover, the artist Isabel Rawsthorne. Other highlights include David Hockneys paean to his home country, Double East Yorkshire and Bridget Rileys powerful op art masterpiece of 1964, Stretch. The cover lot of the auction is the most important collection of Andreas Gursky Stock Exchange photographs in private or public hands. Created over 20 years, these monumental and dynamic images of trading floors, distil the socio-economic topography of our age. Many fresh to the market and with distinguished exhibition histories, the sale comprises 69 works with a combined estimate in excess of £66 million. Alex Branczik, Head of Sothebys Contemporary Art Department, said: Contemporary collectors in search of prize works, should find a great deal to [...]]]></description>
			<content:encoded><![CDATA[<p>                        <span class="lugar"><b>LONDON</b></span><span class="separador"><b>.-</b></span> On 26th June, <a href="http://www.sothebys.com" target="_blank">Sothebys</a> London will offer a remarkable selection of works which articulate key moments in the careers of many giants of Contemporary Art. Alongside a strong selection of Post-War European Masters, the sale has a particularly strong showing of major British names. At its heart are two key paintings by Francis Bacon  one a work from his legendary first commercial show at the Hanover Gallery in 1949  the other, an outstanding triptych portrait of his closest female friend, muse and lover, the artist Isabel Rawsthorne. Other highlights include David Hockneys paean to his home country, Double East Yorkshire and Bridget Rileys powerful op art masterpiece of 1964, Stretch. The cover lot of the auction is the most important collection of Andreas Gursky Stock Exchange photographs in private or public hands. Created over 20 years, these monumental and dynamic images of trading floors, distil the socio-economic topography of our age. Many fresh to the market and with distinguished exhibition histories, the sale comprises 69 works with a combined estimate in excess of £66 million.
<p>Alex Branczik, Head of Sothebys Contemporary Art Department, said: Contemporary collectors in search of prize works, should find a great deal to excite them in our Evening Sale. It is very much an auction of historic firsts. We are offering the first work that Francis Bacon ever sold, from his first show at a commercial gallery, in which for the first time he depicts the human form. We have the first David Hockney landscape to appear at auction since the hugely successful 2012 Royal Academy show; a 1964 Bridget Riley shown in the first ever exhibition of Op Art in New York in 1965 and Andreas Gurskys first Stock Exchange photograph of 1990, part of an unparalleled collection of his iconic series of trading floor studies.</p>
<p>1949 was a seminal year for Francis Bacon, from which Head III, estimated at £5-7 million, was a seminal work. This was the year of Bacons first one man exhibition at the Hanover Gallery, in which the extraordinary and historically important group of six paintencrusted, starkly monochromatic Heads powerfully proclaimed his critical arrival. Significantly, Head III embodies the first irrefutable human likeness in Bacons professional career. Pre-empting the gapingmouthed shriek of Head IV, this painting is the first explicit occasion in which his obsessively quoted broken glasses or pince nez fully appear (which Bacon lifted from Eisensteins 1925 cinematic masterpiece Battleship Potemkin). The work was first owned by the notable Californian collector Wright S. Ludington (1900-1992), who bought it in advance of the Hanover Gallery show in November 1949 for £150. Since then, this key work has been exhibited in some of the most important museum shows of Bacons career and with its history, rich provenance and evocative subject, holds a place of utmost importance in Bacon scholarship. Other works from this seminal exhibition are held by the Arts Council, Tate, Ulster Museum, Met, Chicago MoCA and National Gallery of Victoria, Melbourne.</p>
<p>In 1949, the artist Isabel Rawsthorne, also held her first solo exhibition at the Hanover Gallery and it was in preparing for their respective shows that she and Francis Bacon met. One of the great muses of the Twentieth century, she occupies a unique position in Bacons art. Of all his female subjects and many friends, she was the woman to whom he felt closest and who inspired the greatest number of his small portrait canvases. Her feline grace and striking features made her an attractive subject for an artist and she was variously mistress and model to André Derain, Pablo Picasso and Alberto Giacometti. Three Studies of Isabel Rawsthorne  was painted in 1966, during the second great artistic peak in Bacons career, when he broke with the male-dominated paintings of the 1940s and 50s and began depicting members of his Soho clique. The triptych illustrates the seismic shift in Bacons work as he masterfully navigated the threshold of abstraction and figuration. Nearly 50 years after its creation, this important work is estimated to realise £10-15 million.</p>
<p>Offered at auction for the first time, David Hockneys Double East Yorkshire &#8211; estimated at £2-3 million &#8211; is a key painting in the artists mature oeuvre. The monumental work was exhibited in the highly important survey of Hockneys landscapes at the Royal Academy in 2012, as well as the Espace/Paysage show at the Pompidou Centre in Paris in 1999. Painted in California in 1998, it is one of the artists most evocative depictions of his home county  an epic homage to the landscape he discovered during his teens. During the late 1990s a poignant combination of a friends ill health and his mothers advancing years drew him increasingly back to Yorkshire. He returned every three months to take her for long drives across the Wolds and make daily visits to his gravely-ill friend Jonathan Silver. These journeys through the gently undulating hills of the Wolds imprinted every contour of the landscape on Hockneys memory. The luminescent colours which seem to emanate from the canvas are redolent of Hockneys earlier Californian landscapes, and engender a uniquely personal evocation of his surroundings. Hockneys Californian pool scene, A Small Sunbather of 1967, from the legendary collection of the late Stanley J. Seeger is also offered in the sale, with an estimate of £300,000-500,000.</p>
<p>Bridget Rileys Stretch of 1964, is one of the most important works by the artist to appear at auction. Estimated at £1-1.5 million, the painting was included in the ground-breaking op art exhibition, The Responsive Eye at the Museum of Modern Art in New York in 1965, which launched Rileys international career.</p>
<p>The striking black and white palette is a defining hallmark of her earliest works: she did not introduce colour tones until 1967. Stretch is remarkable for its distinctive format. Projecting out of the wall with an almost sculptural force, its curved sides intensify the effect of strobing movement. The painting has been in the same private collection since it was acquired in 1967.</p>
<p>Making its auction debut, Pierre Soulages magisterial Peinture, 21 Novembre 1959 is estimated at £2-3 million. Painted during one of the most significant periods of his career, the work, which exemplifies the artists fascination with form over illusion, has a distinguished exhibition history, having featured in major international shows including at the Galerie de France (1960) and the Musée National dArt Moderne (1967) in Paris. Soulages paintings of the 1950s are imbued with a growing luminosity and dominated by increasingly powerful sweeps of paint. He was strongly influenced by the rugged rock carvings and menhirs near his birthplace of Rodez in Southern France. The dramatic arcs of the brushstrokes in this work are suggestive of these primeval geological formations.</p>
<p>The sale features three important works by Lucio Fontana. Appearing at auction for the first time, Concetto Spaziale, le Chiese de Venezia of 1961, is expected to realise £4-6 million. An abstract masterpiece inspired by a birds-eye map of Venice and the golden vaulted ceiling of the basilica San Marco, the painting has been exhibited in that city at the Peggy Guggenheim Collection and Palazzo Grassi as well as touring Japan in the 1986 retrospective of the artists work. Concetto Spaziale Attese was executed in 1965, at the height of Fontanas ground-breaking conceptual dialogue. Estimated at £3.3-4.5 million, the imposing scale of the work, which is unusually preserved within the original artists frame, confronts the viewer with a spectacular interplay between pure white tableau and the six vertical black slashes that pierce through the monochrome expanse. Concetto Spaziale, Teatrino, spanning nearly two meters in height and two metres across is among the largest and most elegant works from Fontanas oeuvre. From the teatrini (little theatres) series, the work was executed during a period of intense production between 1964 and 1966. Estimated to realise £800,000-1.2 million, only one teatrino is larger and resides in the permanent collection of the Centre Georges Pompidou in Paris.</p>
<p>More than any artist of his generation, Andreas Gurskys photographic eye identifies the subjects of our contemporary landscape which most acutely define the way we live today. His Stock Exchange series, ten images made over 20 years on three continents, chart the history of our modern age of globalisation. The sale will offer an unprecedented five exchanges  the most significant collection in private or public hands. The Tokyo Stock Exchange of 1990 (est. £500,000-700,000), the first of Gurskys pantheon of trading floors, set the blueprint and structure for his future practice. It is presented alongside Hong Kong Stock Exchange of 1994, (£300,000-400,000), Chicago Board of Trade, 1997, (£700,000-900,000, left), Chicago Board of Trade III, 1999-2009 (£600,000-800,000) and Kuwait Stock Exchange II (£400,000-600,000). Visitors to Sothebys exhibition prior to the sale, will have the unique opportunity of seeing the largest group of works from the Stock Exchange series ever shown together.
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<p>Article source: <a href="http://www.artdaily.org/index.asp?int_sec=2&int_new=63275">http://www.artdaily.org/index.asp?int_sec=2&int_new=63275</a>
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