Last May, at Christie’s New York, the painting Park Avenue Façade by Abstract Expressionist Michael Goldberg soared to $461,000, well above the $100,000 to $150,000 estimate set by the auction house. The new artist’s record was set by Michael Rosenfeld, the Manhattan gallery owner who represents Goldberg’s estate. The art dealer said he regularly buys Read More
Paddle8, the auction startup backed by Damien Hirst, Jay Jopling and Matthew Mellon, is already a pioneering art world tech company. They made it possible for collectors to buy art from the comfort of an iPad screen.
Now, according to an article in Fast Company, it’s clearing even more antiquated road blocks—constantly fluctuating exchange rates, endless Read More
Tracey Emin’s sculpture My Bed (1988) sold at Christie’s London today for £2,546,500 ($4.34 million), a new record for the artist. That result handily surpassed the house’s estimate of £800,000 and £1,200,000 ($1.36 million–$2.04 million), a range that David Maupin, Emin’s New York dealer, recently told The Daily Telegraph was far too low.
Kenny Schachter is a London-based art dealer, curator and writer. His writing has appeared in books on architect Zaha Hadid and artists Vito Acconci and Paul Thek, and he is a contributor to the British edition of GQ. The opinions expressed here are his own.
Some years ago, I was asked by an in-law with a Read More
Tomorrow, Christie’s London will sell John Constable’s The Lock (1824), which is expected to make between $31 million and $39 million and has a shot at becoming the most expensive work by a British artist ever sold at auction.
Last week’s outrageous auction results have left dealers and savvy collectors giddy, puzzled and mentally exhausted. A number of works soared to stupefying heights, defying the gravity of the euro crisis, the Middle East madness and the unexpected softening of gold prices. How and why, at times like these, can art values continue to peak, and Sotheby’s proudly report that it had the third-highest Contemporary sale results in its entire history?
Watermelon Slices (1950), a work by the Mexican painter Rufino Tamayo currently in the collection of the Museum of Modern Art, will lead Sotheby’s Latin American Art auction in New York next month, the auction house announced.