Shane Ferro
Art market news and commentary by the staff of Art+Auction

MARKET WATCH: Art market news and commentary by the staff of Art+Auction

Sale of the Week, December 23-29: Home For the Holidays? Bid Online at Paddle8 Benefit

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SALE: Fortune Cookie Projects Benefit for the Royal Academy of Arts

LOCATION: Paddle8.com

DATE: Through December 31, 2012

ABOUT: The brick-and-mortar auction houses are closing down until the New Year, but if you haven’t already explored the plethora of new online auction platforms, this is the week to curl up at home with your new iPad and take a look around.

With serious investor backing and celebrity-curated sales, Paddle8 has emerged as a frontrunner among the online auction sites, and its steady roster of benefit auctions are well-suited to those feeling a little holiday goodwill. There are currently benefits for the Drug Policy Alliance, the Los Angeles County Museum of Art, and the Royal Academy of Arts, which is benefiting from a sale organized by cross-cultural exchange company Fortune Cookie Projects.

Open through the end of the year, the 25 works in the sale all come from artists participating in the recently closed exhibition “Encounter: The Royal Academy in Asia,” held at the Institute of Contemporary Arts Singapore. The auction offers a wide range of work: a new stainless steel Antony Gormley figure for $355,600, Richard Long’s slabs of Cornish slate arranged in a circle for $123,300, and a suite of six photogravure stills from Tacita Dean’s film about Merce Cunningham, “Craneway Event,” priced at $37,500.

A few of the blockbuster works have already sold, including the two Tracey Emin neons. But check back next month when Paddle8 holds its second sale of works from another Fortune Cookie Projects exhibition in Doha, this time pairing Royal Academicians with artists from the Middle East.

— Rachel Corbett

(Photo: Lisa Milroy, “Mourning Barbie,” 2012, courtesy of Paddle8)

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