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Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. Inside a revealing Paul Newman and Joanne Woodward auction II, 1930 Courtesy Sotheby's. Another painting completed two years earlier, The Domain of Arnheim, sold for $19 million and was inspired by an Edgar Allan Poe story of the same name. Tracing the origins and fulfillment of abstraction through Impressionism, Pointillism, and Cubism into Abstract Expressionism and beyond, the Modern sale will spotlight these critical developments of the last 150 years, uniting those masterworks that define art history as we know it today. Nicole Eisenman, Night Studio, 2009. The painting depicts the artist gazing tearfully at the viewer with an image of her husband, Mexican painter Diego Rivera, superimposed on her forehead, serving as a kind of third eye. Anyone can read what you share. The market is very different today than it was in 1983, Jacoby said before the auction. About Sothebys International Realty Affiliates LLC. The combined results brought in a total hammer sum of $336.3m ($391.2m with fees), though the 23-lot Solinger sale performed far better against expectations compared with the 44-lot Modern evening auction. That plays a role in how people are spending their money and thinking about allocating their assets.. 36 results sorted by Lot number (low to high) Collectors were also happy to bid aggressively for artists whose markets, at least in theory, have growth potential: At Phillips, a painting by the late painter Noah Davis took a lengthy 12 minutes to sell as bidders steadily pushed the price past its high estimate of $150,000; with auction house premiums, its final price was $990,600. Peter Paul Rubens, Portrait of a Man as Mars, around 1620 Courtesy Sotheby's. A New York City landmark has a new owner. Cecily Brown, Free Games for May, 2015 Courtesy Sotheby's. Another highlight of the sale was a rare painting by Gustav Klimt, Island in the Attersee, which the Austrian artist finished in 1902. Subscribe today and save! Modern Evening Auction at Sothebys New York on artnet Kay Sage Courtesy of Phillips. As one viewer, a director at a New York art lending firm, Naomi Baigell, observed:Some lots took time, but hit their mark.. Auctioneer Oliver Barker coaxing bids from the rostrum at Sotheby . Money isnt free right now, she said. The biggest lot of the night from Paleys collection, the Picasso still life Guitare sur une table (1919), had previously been on long-term loan to MoMA. Sotheby's Faces a 'More Sober' Market With a Modern Art Marathonand Despite all the encouraging signals, the sale was a disappointment, with eight lots failing to sell (including an Andr Derain landscape from Paleys collection) and two more withdrawn before the auction. Buyers from around the world showed a willingness to spend whatever was necessary to buy the very best, or very rarest, examples of an artist or period: An ultra-rare painting by Henri Rousseau sold at Christies for $43.5 million with fees, well above its high estimate of $30 million. It sold after just one bid for a hammer price of $27.5m ($31m with fees), well short of its $30m to $40m estimate. Its been coming for a while, says the art adviser Jacob King, who bought a painting by Sturtevant at Christies on Wednesday evening for $882,000. The evening began with the cream of the Mo Ostin collection before moving to (mostly) modern works. One of the most celebrated photographers of the 20th century, Diane Arbus is known for her wide-ranging practice including photographs of everything from carnival performers to middle-class families. After moving to the Meatpacking . The work beat its estimate by 123% at Christies 21st Century Evening Sale, selling for $2.3 million and far exceeding the artists previous record of $1.95 million for New Layout (2009), which sold at Christies in 2021. Among the galleries and arts groups taking part is Sothebys, with a select exhibition of seven portraits spanning centuries thats on loan from the Devonshire Collection at Chatsworth House in London. The blue-chip entries loped along with Cy Twomblys graffito-scrawled abstraction Untitled (1962), which was a seeming bargain, hammering at $10m ($11.8m with fees), well below its $14m low estimate. It formerly hailed from the Eli Broad collection and sold privately to Ostin in 2010. On Tuesday evening, Sotheby's combined modern evening sale and stand-alone sale of the late record producer Mo Ostin had an estimate of $375 million to $534 million. Portraiture is something that artists continue to go back to, be it self-portraiture or otherwise, Eddison says. As a subscriber, you have 10 gift articles to give each month. NWMLS data may not be reproduced or redistributed and is only for people viewing this site. It was a long way from this day last spring, when the second part of the exemplary Macklowe Collection raised $246 million alongside $408 million in the Modern Evening Sale. That year, he had a solo exhibition at the Warehouse in Dallas and his first U.S. solo gallery show with New Yorks Greene Naftali, which represents him. ), C. Herscovici/Artists Rights Society (ARS), New York; via Sotheby's. Attendees filled the audience of the houses revamped salesroom,accompanied by new digital frills which were sponsored by electronics company Samsung. It went to a bidder on the phone with Sothebys Mexico City office representative Lulu de Creel, who triumphed over two bidders in Hong Kong to win it. We had very large totals by any historical standard, sell-through rates were quite high and a lot of money was spent. Buyers, he continues, were incredibly impressive and very global.. Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. An ambitious exploration into high-end residential markets across the globe. Courtesy of Sothebys. The Modern Evening Auction (16 November 2021) will feature artworks that capture the spirit of artists working around the globe in the late 19th and early 20th centuries who dared to challenge established norms of artistic practice to create a new and wholly modern vision of art. (Christies: $922 million; Phillips: $108 million; Sothebys: $716 million and counting.) I have my eye on something else, he reasoned. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Willem de Kooning, Collage, 1950 Courtesy Sotheby's, The rest of the Solinger sale saw solid results, though a suite of works by Paul Klee mostly failed to spark much interest, and one of the collections star lots, Pablo Picassos Femme dans un fauteuil (1927, est $15m-$20m), sold after just one bid for a hammer price of $8.4m ($9.9m with fees). Another that same night at Sothebys was estimated from $3.5 million to $4.5 million and sold for $3.3 million. Leading the sale will be Sanyu's masterpiece Branches, a remarkable achievement amongst his entire body of flower works, an . In this market theres competition for superb rare work, Deitch says, and ones that are just sort of mediocre are not getting the prices that you would have seen in 2017.. The Devonshire portraits on display, which also include a 2010 digital portrait of the Countess of Burlington by Michael Craig-Martin, will be seen in galleries that feature images of Chatsworths interiors through July 4. Here are the most expensive works sold this week. The onetime home of the Whitney Museum of American Art on Madison Avenue, designed by architect Marcel Breuer, will be purchased by Sotheby's auction . Fair Warning: Lots of Passes, but Sotheby's Modern Sales Still Bring in That result set a new record for a De Kooning work on paper, though his paintings have fetched much higher sums at auction (his Untitled XXV from 1977 sold for $66.3m, with fees, at Christie's in 2016) and in private sales (mega-collector Ken Griffin reportedly paid entertainment mogul David Geffen $300m for the 1955 painting Interchange). It was also backed by an irrevocable bid. Whilst this price sets a new record under the hammer for Bourgeois, it is still well below the reported $40 million paid for a 1996 steel edition of the sculpture, which Hauser & Wirth sold at last years Art Basel. Even so, the result was good enough to set a new auction record for the Dutch Modernists work. Some of the lots also benefited from provenance comparably stellar to the Solinger sale: four of the lots, including a major Picasso, were coming from the collection of the late Museum of Modern Art (MoMA) president William S. Paley (1901-1990) and being sold to benefit that museum and other charitable organisations. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For the best Barrons.com experience, please update to a modern browser. Newhouse estimated in excess of $25 million, for $30.9 million. The sale opened dynamically, with sculptures by Jean Arp and Alexander Calder and a painting by the Pittsburgh-born modernist William Baziotes all exceeding their estimates. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. Giacomettis 1962 portrait of his muse, Caroline (est $15m-$20m), elicited just one bid, hammering at $14m ($15.9m with fees). Marshalls works often feature figurative painting and portraits that are steeped within the canon of portraiture and history painting, but really subverted into his own identity of Black culture and Black figures who have been omitted throughout art history, Eddison says. The price achieved for the work smashed its estimate, beating the artists previous auction record of 862,500 ($1.2 million) for Mermaid Catch (1996), which sold at Christies London in 2021. This new record for Arbus at auction beats her previous record, set in 2015 for the 1962 photograph Child with a toy hand grenade in Central Park, N.Y.C., 1962, which sold for $785,000 at Christies. Sotheby's International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Art David Solinger Collection Sells out at Sotheby's, While Mondrian Fetches a Record $51 Million By Abby Schultz Nov. 14, 2022 8:40 pm ET Order Reprints Print Article Piet Mondrian,. Taipei City TW Brokerage - Sotheby's International Realty Klimts shimmering lake-scape, Insel im Attersee (Island in the Attersee) (1901-02), was the top lot and sold to a Japanese telephone bidder for $46m ($53.1m with fees), a result squarely in line with the auction houses unpublished estimate of around $45m. And Joan Mitchells sublime Abstract Expressionist composition Untitled (1958) made $6.8m ($8.1m with fees) against an estimate of $7m to $10m. The artist, who is represented by P.P.O.W and has more than 109,000 followers on Instagram, is among a number of female figurative artists that have had breakout moments at auction in recent years. Nicole Eisenman is regarded as one of the most significant figurative painters working today; their work is held in prominent museum collections from the Museum of Modern Art to the Tate. The Whitney Museum has sold the landmark building designed by the great Bauhaus architect Marcel Breuer to Sotheby's auction house. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. Night Studio (2009) was featured in the artists retrospective Al-ugh-ories at the New Museum in 2016 and was also the cover work for the traveling show Nicole Eisenman and the Moderns: Heads, Kisses, Battles in 2022. When it hammered for hammered for $17.3 million to Newmans client, the salesroom broke into applause. Portrait of a Man, 1971-72, was completed over 36 sittings, the Duke said, according to Sothebys. Search for Taiwan luxury homes with the Sothebys International Realty network, your premier resource for Taiwan homes. All Rights Reserved. This workwhich belonged to Brazilian financial services firm Fundao Itajust beat the previous $32.1 million record set in 2019 . The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. Sothebys specialists bidding during a modern art evening sale in New York on November 16, 2021. American painter Vivian Springford belongs to a growing cohort of previously overlooked female abstract artists that have seen increased attention over the past few years. The Belgian surrealist was still an acquired taste when Ostin started collecting him in the 1990s, long before the painter started commanding upwards of $50 million in the global art market. Three bidders between New York and London, including one in the auction room, drove the hammer price up to $16.9 million, well past its $10 million estimate. It was loaned for a time to the White House during Barack Obamas presidency. All information provided is deemed reliable but is not guaranteed and should be independently verified. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. But there were still moments of surprise. Works they thought were from iconic, blue-chip artists are selling for half of what they would a couple of years ago.. Other noteworthy sales came throughout the auction. The success of the Solinger collection appeared to confirm the power of packaging sales around a single, visionary collector or collecting couple. $15-25 million). This work features a portfolio of 10 photographs taken by the artist between 1962 and 1970 and was originally conceived to be an edition of 50. The work beat its estimate by a staggering 350%, setting a strong early pace for the artists work at auction. In accordance with applicable MLS rules, IDX listings displayed on this site may be filtered by certain objective criteria, including price. This copy is for your personal, non-commercial use only. Katya Kazakina, May 17, 2023. Ghanaian sculptor El Anatsuis practice revolves around making everyday materials into totemic installations. Robin F. Williamss practice employs oil, acrylics, pencils, and pastels, frequently depicting female figures in a range of situations on large-scale canvases. His 1961 black-and-red abstract canvas for $20.1 millionwith fees, after a protracted bidding spar between Sothebys chairman in Switzerland, Caroline Lang ,and Sothebys chairman of Europe, Helena Newman. There are also three portraits of members of the Cavendish family by Lucien Freud, including Andrew Cavendish, the 11th Duke of Devonshire. Sotheby's May 18 contemporary art sales just met expectations, with a total $175.8mn ($204.6mn with fees, est $169.1mn-$229.4mn). At Sotheby's contemporary day auction, a 1960 untitled work by Passlof sold for a price with fees of US$482,000, multiples of a US$70,000 high estimate. It came backed with an irrevocable bidm as did the playful late Picasso Femme nue couche jouant avec un chat (1964), which made $19.5m ($21.2m with fees), just short of its $20m low estimate. The lots in the Mo Ostin sale, which carried a pre-sale estimate of $103.3 million to $155.3 million, ultimately brought $123.7 million. The terracotta, steel, raffia, and porcelain sculpture was first exhibited in 2019 at Goodman Gallery in Cape Town and measures six feet by seven feet. Sotheby's International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. The power of auctions is that you find where the market really is, Stewart says. (The same bidder also snapped up a small, crimson Klee work on paper earlier in the sale.). Even though the dollar amounts may not be the same as with the Allen collection, Solinger is a collector who was also a very committed and significant art world participant.. Do Not Sell or Share My Personal Information, Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. Sothebys evening sales doubleheader in New York on Tuesday (16 May) racked up $363.9m ($427m with fees), with works by Gustav Klimt and Ren Magritte notching the highest prices. The hands-down star lot among the works from Ostins estate was a rarefied Magritte, LEmpire des lumires (1951). Modern Evening Auction | 2022 | Sotheby's Art market boom hits the buffers | Financial Times Ostin acquired the painting from fellow entertainment magnate David Geffen in 1979 for an undisclosed price, but at a time when the auction high for the artist was under $250,000. Back on French soil, Paul Gauguins floral still life Nature morte avec pivoines de chine et mandoline (1885) was on offer the Ambroise Vollard Collection (the storied French art and artist supply dealer) after being restituted to his heirs in February. We want to hear from you! In 2019, UNTITLED (1975) sold for $150,000, the artists previous auction record; since then, Springfords works have consistently sold at auction for six-figure sums. Painting and figuration has really come to the fore in terms of what collectors have been acquiring, he says. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Three lots later, the actually and symbolically huge Henry Moore sculpture Reclining Figure: Festival (1951)which was commissioned by the newly formed Arts Council of Great Britain as a sculptural centrepiece for the Festival of Britain in 1951failed to spark any festivities. Registration Advisory Log in to view results Standing at more than 10 feet tall and 18 feet wide, Louise Bourgeoiss towering bronze Spider became the most expensive sculpture by a woman artist to sell at auction when it hammered for $32.8 million at the Sothebys Contemporary Evening Auction. In October 2011, Sotheby's International Realty expanded its global reach further by establishing its first office in Taiwan in order to provide services to the rapidly expanding Greater China and Asian markets. I think there is a lot of cautious bidding tonight.. Modern Evening Auction | 2023 | Sotheby's The Calder in particular, Sixteen Black with a Loop, a classic mobile from 1959 that hung over the saleroom, quickly surpassed its high estimate of $4m to sell for a hammer price of $7.1m ($8.4m with fees). Thats a dynamic market. Deitch purchased a Jeff Koons sculpture at Christies for just under $2 million, well under its estimate of $3 million to $5 million. Christies equivalent sale on 11 Maycombining a dedicated sale of works from the estate of publishing magnate S.I. It will almost. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Here you see that Klimt was on the same path., The path the art market is on remains uncertain, with several auctions left in the week. It realised $8.8m ($10.4m with fees) against a pre-sale estimate of $10m to $15m. The sale quickly moved to larger works at bigger price points with Mark Rothkos luminous Untitled (1959), which brought $3.8m ($4.6m with fees), just shy of its $4m low estimate. The Modern Evening Auction will feature artworks that capture the multifaceted, creative spirit of artists working around the world during the 20th century, pioneers who broke past the boundaries of established norms to create a vision of modern and post-war art. Several more lots hammered well below their low estimates after just one bid, including two of the sales biggest trophies. The work was described by Sothebys as utterly arrestingboldly evocative of the themes of Black female subjectivity, sovereignty, and African diasporic artistic traditions that characterize [Leighs] acclaimed practice.. Sotheby's International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. That was the auctions eighth lot, and thereafter the going got rocky, with works by canonical artists including Schiele, Degas, Rodin and Pissarro failing to sell. All but a handful of lots saw competitive bidding, and nearly half (11 of 23) sold for hammer prices above their high estimates. Broken down, Ostins collection realised $104.8m ($123.7m with fees), near the low end of Sothebys pre-sale expectations of $103.3m to $155.3 million, while the Modern art sale snared $258.1m ($303.1m with fees), falling short of the auction houses estimate of $272.1m to $378.7m. Gustav Klimt, Insel im Attersee (Island in the Attersee), 1901-02 Courtesy Sotheby's. Face to Face, as the auction is titled, will include Alberto Giacomettis Buste de Diego au col roul, 1951, a rare hand-colored cast of the artists brother, Diego, that had been in the collections of Adrien Maeght and Jan Krugier, collectors and dealers of the mid-20th century. Apparently sensing the slackening mood in the increasingly sparse saleroom, Barker moved swiftly through the latter half of the sale. The exhibition covers seven decades of her practice and sheds light on a perhaps underappreciated career of observational paintings. Kahlos painting, a response to Riveras infidelity, also bested the previous auction record for a work by a Latin American artist, held since 2019 when one of Riveras works sold for $9.8 million. All rights are reserved by copyright. Franchise affiliates also benefit from an association with the venerable Sotheby's auction house, established in 1744. Each Office is Independently Owned and Operated. El Anatsui, Prophet, 2012. A series of late withdrawals of major works and some surprising below-estimate sales will also do little to assuage the worries about an art market in flux amid an uncertain economic climate. Salvador Dalis LAngelus (1934-35), a minuscule painting of two male and female silhouetted figures divided by a blue body of water, also surpassed its estimate, going for a final price of $10.7 million. So did unemployment. The market is trying to find equilibrium because buyers are extraordinarily price sensitive.. "That's something that's quadrupled . A second Magritte entry, the Surrealist mountain landscape with trompe loeil shattered glass Le Domaine dArnheim (1949), went for $16.2m ($18.9m with fees) (est. Though the sale was highly managed with behind-the-scenes financial deals that typically hamper bidding on major lots, competition among determined buyers was still spirited. II (1930), arrived with an on-request estimate of at least $50m. When you have a B-minus de Kooning that doesnt get a good price, its important if youre going to make this kind of analysis to look at what an A-plus de Kooning is going for. Indeed, Christies also sold a de Kooning from the estate of S.I. Like several of the nights prized lots, it went to a collector in Asia. That sum, while significant, marks a much-reduced total compared to the same period in previous years: Last year, for instance, saw around $2.5 billion in sales. Kerry James Marshalls Untitled, 2016, with an estimate as high as 4.5 million, is a portrait of an unknown subject in vivid patterns of color. Whilst that work outperformed its mid-estimate by 87%, Ice Queen topped its benchmark by 243%. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Overview Lots Auction Details Conditions of Business. The lot, which has been held in the same collection for three decades, more than doubled its estimate of $4 million. Courtesy of Christies Images Limited 2023. Pablo Picasso, Femme nue couche jouant avec un chat, 1964 Courtesy Sotheby's. Only four works from the artists iconic Spider series have been sold at auction. This workwhich belonged to Brazilian financial services firm Fundao Itajust beat the previous $32.1 million record set in 2019 for a similar work, Spider (1997).
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