Mondrian painting sells for record $50.6 million in New York
The highlight of last night’s sales was the record auction price for a Piet Mondrian. Composition No. III, with Red, Blue, Yellow and Black, dating from 1929, was expected to bring $15-$25M, but when the action ended the new owner paid … More…
Art World’s First $1 Billion Week
And the hits just keep on coming. Last night Christie’s offered a large selection of Postwar and Contemporary works of art and the results were super hot. Of the 82 lots, 72 sold (88%) and the total take was $658.5M. … More…
A Rothko Tops Sotheby’s Contemporary Art Auction
Last night’s sale did not have the BIG lots to beat the competition and in the end, of the 63 works offered only 55 sold (87%). The sale’s total hit $379.7M – pre-sale estimate was $315-$411M … so even without the buyer’s … More…
Painting of the Day (AVAILABLE): Daniel Ridgway Knight’s “Madeleine & Maria on the Terrace”
Source: Madeleine & Maria on the Terrace – we just added this incredible two figure painting by Daniel Ridgway Knight (1839-1924) to our available online inventory. This particular work was created at the height of his artistic career (c.1899-1905) and features … More…
Picasso & Giacometti Each Top $100 Million
Last night’s sale was expected to bring in about $500M and with the auction’s commission, the total eclipsed $700M ($705.9M). It is important to note that of the 35 lots offered, more than half had some sort of guarantee … … More…
Cohen, Solow Among Sellers as $2.3 Billion Art at Auction
The amount of art coming to the market this week is amazing … and their values have hit mindbogglingly levels. Steve Wynn is selling a Picasso ($55M), Sheldon Solow is parting with a Giacometti valued at $140M and Steven Cohen is selling … More…