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5 Key Takeaways from Auctions in November
1. The most expensive fine art lot sold in November was Claude Monet’s Muele fetching $81,447,500. The oil painting was auctioned at Christie’s New York in a 14-minute bidding battle on November 16, 2016 in the Impressionist and Modern Evening Sale. Monet painted the same scene many times, often at different times of the day or with the changing seasons. We offer one of Monet's versions of Grainstack at Sunset, 1891. 2. Sotheby’s Geneva shines at the top spot for auctioning the most expensive decorative art lot sold in November. The 17.07 carat pink diamond ring went for a whopping...
Warhol's Elvis and Brando Auction
Christie’s is delighted to reunite, for the first time at auction, the three greatest cultural icons of the 20th century – Warhol, Elvis and Brando – representing the ultimate heroes of art, music and cinema. These monumental images epitomize the archetype of cool and glamour and exude a raw sexuality and intense power rarely found in Warhol’s work. Warhol pieces have been on a hot streak selling for huge amounts at auction and if you judge the selling prices by the advertising and marketing by Christie's, this will be one of the biggest sales in some time. For this show...
Warhol Works Recovered from Old Amiga disks
A dozen previously unknown works created by Andy Warhol have been recovered from 30-year-old Amiga disks. The art experiments were produced in 1985 by Warhol under commission from Commodore - creator of the Amiga computer. Commodore paid the artist to produce a series of works to aid the launch of the Amiga 1000. A painstaking three-year project was required to recover the images which were saved in an obscure data format. Warhol is known for being ground breaking with style and subject matter, this collection of early digital works further supports this fact. "What's amazing is that by looking at these...
New Legislation Would Give Artists a Cut of Resale Profits
This sounds like a win for artists and artist estates in the US - royalty on resales. Buying art is an investment. You not only are beautifying your space, showcasing your tastes, but like real estate, art increases in value with time. Inflation alone is on your side. Originals, limited editions, even open edition prints, increase in value as everything is done in some form of limited quantities. Knowing this as an art company, we are still amazed sometimes by the large $$ originals from say Warhol or Picasso fetch from auction houses. Why shouldn't the artist or surviving estate...