Corcoran set to close
The Corcoran Gallery of Art, known for its cutting edge contemporary exhibitions, will close it’s doors at the end of the summer. An agreement has been reached where George Washington University will take over ownership of the building and perform … More…
Paul Allen’s Rothko Sells for $56.2 Million at Phillips
Paul Allen’s Rothko Sells for $56.2 Million at Phillips The final contemporary sale took place last night and there were more strong results. When finished, the sale brought in $132M from 46 works on offer (9 failed to sell). The … More…
Something Deeper Than Record-Breaking Auctions
There was a nice article posted yesterday which briefly talks about the massive presence that auction results have in news coverage of the art world and why that should be left for the finance section. Art is supposed to be … More…
Blue Diamond Returns Auction Crown to Christie’s in Just One Day
Blue Diamond Returns Auction Crown to Christie’s in Just One Day – the two biggies always seem to be jockeying for position … this time it was a close race, but in the end Christie’s won. On a side note … … More…
Don’t Look Down Now
The “M” in May must stand for money as last night’s sale at Christie’s was just pure insanity. With just 76 lots offered (72 sold), Christie’s averaged over $10 million per lot sold and totaled nearly $750 million! The top … More…
An “Experiment” in Hype and Cash Surplus
Last night Christie’s “experiment” was a major success, “If I Live I’ll See You Tuesday” featured 35 lots and brandished highly aggressive estimates. With works by hot contemporary artists along with blue-chip names like Warhol, Basquiat, and Koons, it is … More…