The Economist (Free subscription) | yesterday
Auctions are moving online FOR centuries raising your hand was the way you bid at auction, whether you were buying sheep or Meissen shepherdesses. In the 1960s auction houses across the world introduced bidding by telephone, but the take-up was slow. Most would-be buyers used the phone to leave a bid with the auctioneer rather than to issue live instructions, round by round. Now technology has opened...
Mid Atlantic Art News (Free subscription) | 11/25/2009
Cuban art: Still caliente! Cuban art continues to rise and gain importance in the international market. Last week, during the New York Latin American Art sales, on November 17 and 18, two major Cuban masters from the vanguardia period reached new world auction records. My friends from Cernuda Arte in Miami tell me that a work titled Guajiro con Gallo (Cuban Peasant with Rooster), a signature oil on...
The Business Insider (Free subscription) | 11/23/2009
Art auctions are hot again, but some items that should be huge, still end up as shocking flops. Telegraph : Bidding for the black and white shot, showing Miss Bruni standing pigeon-toed and covering her crotch with her hands, began at €4,000 (£3,600) but reached only €5,800, less than the undisclosed reserve price, the Drouot auction house said. The agent for the German collector who...
The Business Insider (Free subscription) | 11/23/2009
Bill Ackman sent out a letter to Majestic shareholders letting them know that after ten years, he plans to move out of the 115 Central Park West Majestic co-op. Ackman's main apartment on the 19th floor and another smaller 1-bedroom apartment on the 18th floor that is "great for staff," are both up for grabs. Curbed NY obtained a copy of Bill's letter , which lists where and when interested...
Miami Herald (Free subscription) | 11/22/2009
When the gavel came down on Andy Warhol's painting 200 One Dollar Bills earlier this month, the usually staid audience at the Sotheby's auction house broke into applause as if they had won the bid themselves.
The Business Insider (Free subscription) | 11/19/2009
One of the most reliable indicators around is the value of Sotheby's (BID), which always forms sharp peaks as speculative froth gets the most ridiculous. Here's a long-term chart, and you'll see exactly what we mean. But now it's coming back, sitting at a one-year high: The world has completely changed since the March lows, particularly as it pertains to rich people spending cash on expensive, unnecessary...
Art Knowledge News (Free subscription) | 11/17/2009
NEW YORK (Dow Jones) - Strong sales at the auction houses this month may not yet signal a broad recovery for the art market. The art community was pleasantly surprised when sales of Impressionist, modern and contemporary art at New York's top auction houses, Sotheby's (BID) and Christie's International, brought in about $596 million combined. It represented a 46% increase over spring sales in May.Leading...
edward_ winkleman (Free subscription) | 11/17/2009
I remember it like it was yesterday. Art market articles across the spectrum of the art press spreading the story in sync of how the new boom of the early 2000's was quite different from the previous booms because the collectors buying then were so much better informed than those who had come before them. In 2003, for example, art market guru Richard Polsky wrote : In this day and age, with information...
Cara Community - Comments (Free subscription) | 11/17/2009
In reply to Daily Trading & Social Commentary for Nov. 13 : Today I nailed my first long term capital gain since Oct 1 and I don't know whether to laugh or cry. You see, I only made 12 cents on the sale after commissions. Laughable but I was glad to be out, finally. The stock was Sotheby's (BID) which has a high Beta and a low div return at the present price. BID and TIF are indicators of the...
ArtsJournal (Free subscription) | 11/16/2009
"While prices for the best works seemed high and bidding was often deep, the volume of sales -- nearly $600 million between the two companies -- was vastly diminished from a year ago, when Sotheby's and Christie's sold a combined $729 million or two years ago when the market peaked at $1.6 billion. But the relief that prices are crawling back up was palpable."...
ShoppingBlog.com (Free subscription) | 11/15/2009
The Wall Street Journal reports that the art market may be on the mend. The fall art sales at Christie's and Sotheby's showed recovery in certain markets. Above is Picasso's "Bust D'Homme," which sold for $10.3 million, although the estimate was $12 million. The U.S. art market appears to be on the mend. The major fall art auctions may not have sold everything on offer, but collectors showed...
Super Media Blog (Free subscription) | 11/13/2009
An Andy Warhol painting ‘200 One Dollar Bills’ sold for an amazing $43.8 million. The highest presale estimate was of $12 million, but it sold for 3 times that, at a whooping $43.8 million. This painting, which was one of Andy Warhol’s first silk-screen paintings, was sold at Sotheby’s on Wednesday evening. The auction house refused [...] This post was written by the Super Media...
New York Times (Free subscription) | 11/13/2009
The sales of contemporary art this week at Christie's and Sotheby's in New York were hugely successful, with bidders running up paintings, drawings and sundry three-dimensional works to three times the estimate.
Truthdig (Free subscription) | 11/13/2009
Sotheby’s enjoyed a windfall on Wednesday, when the auction house’s New York HQ nearly doubled its estimated high of $67.9 million for its contemporary art bid-fest, in which Andy Warhol’s works figured prominently among the biggest selling successes of the evening. READ THE WHOLE ITEM
Art Knowledge News (Free subscription) | 11/13/2009
NEW YORK, NY.- Sotheby’s in New York, Andy Warhol’s monumental masterpiece, 200 One Dollar Bills, brought a remarkable $43,762,500, soaring past the pre-sale estimate of $8/12 million. Competition was fierce. Auctioneer Tobias Meyer opened the bidding at $6 million and was immediately met with an almost unheard of response - a bid of $12 million, twice his opening bid. Five more bidders...
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Priandra | 09/29/2009
Gossip Girl Season 3 Episode 3 aired 28 September, 2009 It’s a face-off between Chuck and Blair when they both want to bid on the same item at Sotheby’s. Meanwhile, Serena suspects that Carter may have return to his old habits, while Georgina takes an interest in Dan, and Vanessa suspect something is not right with Scott. Watch Gossip Girl Season 3 Episode 3 online.
elvisjal | 09/15/2009
BLAIR VS. CHUCK It’s an Upper East Side face-off when Blair (Leighton Meester) and Chuck (Ed Westwick) both set their sights on a particular item up for bid at Sotheby’s and the personal stakes are high. Serena (Blake Lively) suspects that Carter (guest star Sebastian Stan) may be up to his old habits,
trymi | 10/25/2008
RM Auctions, together with Sotheby’s, will highlight a host of creative custom cars by Andy Saunders, a leading UK designer, at the opening of their second annual ‘Automobiles of London’ affair at Battersea Park, London on the 29th of October. Considered as the UK’s best custom car maker, Saunders has been at the cutting edge of unconventional car creations for almost three decades, having customized
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