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

Archive for the ‘Auctions’ Category

Fireworks at Record Paris Contemporary Sales

Basquiat, Crown Hotel


Sale of the Week, April 14-20: Giant Gemstones Hit the Block at New York Jewelry Auctions

SALE: Jewels

LOCATION: Christie’s and Sotheby’s New York

DATE: April 16 (Christie’s) and April 17 (Sotheby’s)

ABOUT: Next week, Sotheby’s will auction off a rock it calls “the most important white diamond ever to appear at auction in the Americas.” The massive, 74.79-carat stone is pear-shaped, D-color, and “potentially flawless” according to the auction house. It alone could bring $9-12 million of the $35 million estimated to come out of the April 17 sale at the house’s York Avenue headquarters. (more…)

Sale of the Week, April 7-13: Vintage Timepieces at Antiquorum New York

SALE: Antique and Vintage Timepieces

LOCATION: Antiquorum New York

DATE: April 10

ABOUT: Watch lovers will descend on New York next week for Antiquorum’s vintage timepiece sale. In addition to the standout cover lot, a 1951 Patek Philippe Ref. 1518 in pink gold (est. $400,000-600,000), the sale includes a number of timepieces made by the legendary Danish watchmaker Svend Andersen.


Christie’s Puts a Giant Fossilized Egg on the Block, Hopes It Will Crack Five Figures

Christie’s is about to sell a really big egg. The auction house will offer a fossilized elephant-bird egg from Madagascar at its travel and science sale on April 24 in London (at its South Kensington outpost). The fossil is a foot long and about nine inches in diameter, according to the Associated Press, and could bring almost $50,000. (more…)

Paintings From Cottone’s Fine Art Sales Soar Past Estimates

The art, antiques, and collectible auction house Cottone, in Geneseo, N.Y., surpassed expectations at its two-day fine art sale this past weekend. A 1920 William Wendt landscape painting of sycamore trees, “Patriarchs of the Grove,” doubled its high estimate to fetch $300,000. Meanwhile, an impressionistic Manhattan skyline by Jonas Lie also toppled its $50,000-$80,000 presale estimate, bringing in a lofty $126,500. Finally, a set of late 19th-century bronze Russian warriors by Evgenii Lanceray also had a $50,000-$80,000 estimate, but did nearly just as well with their $115,000 total.


Sale of the Week, March 31-April 6: A Spring Photo Frenzy at Phillips

SALE: “Spring Photographs” and “The Curious Collector”

LOCATION: Phillips New York

DATE: April 2-3, 2013

ABOUT: The sprawling collection of Dr. Anthony Terrana kicks off Phillips’s photography sales next week, bringing 165 photographs that date back to the 19th century in an afternoon and evening auction on April 2.


Garage Sale Bowl, Originally $3, Sells for $2 Million at Sotheby’s Chinese Ceramics Sale

You know it’s Asia Week when ridiculous reports of ceramics selling at 10+ times their estimates start rolling in: (more…)

Sale of the Week, March 17-23: A Trove of Asian Art Takes Over New York

Asia Week is quickly approaching, and in addition to the many shows covering the Upper East Side gallery spaces, the auction houses have the usual slew of sales planned. The state of the market is in flux — last year in March, traditional Chinese art soared in value and traditional Indian and Himalayan art proved popular, while fewer buyers came out for Japanese, Korean, or contemporary Indian art — so it will be interesting to see if tastes have changed in the last year (as they often do). (more…)

Munich Houses Plan City’s Inaugural Auction Week Between the Venice Biennial and Art Basel

Is Munich the next Zurich? Between the official launch of Elmgreen & Dragset’s “A Space Called Public” and this week’s announcement of the first ever auction week in Germany, the Bavarian capital is looking to shed its lederhosen and welcome the art world as it shuttles between the Venice Biennale and Art Basel. A cooperation between three former rivals — Karl & Faber,Ketterer Kunst, and Neumeister — the Munich Auction Week will host each house’s modern and contemporary art spring sales from June 6-8, with previews beginning on the first. (more…)

Mid-Season Contemporary Sales in New York Set Records (Again) During Armory Week

It’s fairly safe to say that both auction houses had a good week last week. Christie’s pulled in $12.3 million in its First Open contemporary, while Sotheby’s sold $27.3 million in two sales — $12.9 million in its contemporary sale and a further $14.4 million in a single owner sale of contemporary works. All three sales significantly exceeded pre-sale estimates, and both houses set records for mid-season contemporary weeks. (more…)