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News Summary
By Adrian Darmon
CHRISTIE'S NOVEMBER 12, 2008 NEW YORK POST-WAR & CONTEMPORARY ART Six world record prices were hammered down during that sale with 68% of lots sold. However, several were sold under their low estimates. Link
MARILYN MANSON'S PAINTINGS IN INAUGURAL U.S. EXHIBITION DURING ART BASEL MIAMI 2008
Multi-talented artist Marilyn Manson, legendary for the cult status of his music career and persona, has simultaneously been creating a large and remarkable body of painting over the past two decades that will be revealed for the first time in the U.S. this December during Art Basel Miami.
A MAJOR WORK BY K. MALEVICH SELLS FOR 60 MILLION USD Link
SOTHEBY'S REPORT ON DAMIEN HIRST'S HISTORICAL SALE The remarkable success of
the Damien Hirst auction, Beautiful Inside My Head Forever, has raised
several questions about the relationship between the financial markets and the
art market. The surprisingly strong numbers have also caused many to wonder
about the state of the art market itself. But the results of the sale are quite
plain on the subject of Damien Hirst and his stature as a contemporary artist. Link
SOTHEBY'S SALE OF IMPRESSIONIST AND MODERN ART IN NEW YORK Held in New York on October 7, 2008, Sotheby's sale
of Impressionist and Modern Art including Latin American and Russian Art Sale totalled6,435,938
USD, a relatively good score in view of the major financial crisis which shook
the U.S and Europe during the past three weeks.
THE 2008 FIAC AT THE GRAND PALAIS IN PARIS ON OCTOBER 23 The French international
contemporary art fair (FIAC) will open on october 23, 2008 at the Grand
Palais and the Louvre Cour Carrée amidst fears of a fall of activity on
the art market following the American financial crisis that had
collateral effects on several European countries.
Link
SUCCESS FOR CHRISTIE'S ASIAN ART WEEK The
Fall 2008 Asian Art Week at Christie's New York between September 15
and 18, 2008 realized $51,142,538, the second highest total ever for
Asian Art Week at Christie's New York. The auctions enjoyed active
participation by collectors from Asia and the West across four full
days of sales, with many Asia-based clients participating by telephone
and through Christie's LIVE™. Link
OVER 40 MILLION POUNDS FOR DAMIEN HIRST'S SECOND SALE AT SOTHEBY'S Damien Hirst's "Beautiful Inside my head forever" second sale held at Sotheby's in London on September 16, 2008 totalled 40,919,700 pounds. The two sales of the artist's works thus fetched over 110 million pounds, an excellent score in view of the major financial crisis affecting the U.S and Europe.
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CHRISTIE'S NOVEMBER 12, 2008 NEW YORK POST-WAR & CONTEMPORARY ART
