"Christie's opened New York's fall marquee auctions on Monday with an energetic doubleheader that drew a full house of collectors and advisers, reports. The evening took $690 million with fees across 79 lots, sailing past the pre-sale low estimate of $534.7 million and landing just slightly below the $731.5 million high estimate. At least a dozen works ignited intense bidding wars. The night began with the Robert and Patricia Ross Weiss sale, featuring 18 prime works from the late supermarket executive's collection."
"A 62-lot 20th-century sale followed, showcasing further works by Matisse, Picasso, Alexander Calder, David Hockney, Marc Chagall, and Alberto Giacometti. Altogether, the evening total marked a 41 percent jump from May's auctions. Christie's reported a strong sell-through rate of 97 percent by value and 96 percent by lot. Only one lot was withdrawn and three failed to sell, despite active competition throughout."
"Christie's strong showing gives hope that the market is on the road to recovery, but any resurgence looks like it arrived too late for one of New York's stalwart galleries, Sperone Westwater. It is closing after 50 years, Artnet News reports. Known for propelling artists such as Bruce Nauman, Richard Long, and Francesco Clemente to international prominence, its final exhibition is the current show devoted to Long, the British sculptor who has exhibited with the gallery more than a dozen times."
Christie's opened New York's fall marquee auctions with an energetic doubleheader that drew a full house of collectors and advisers. The evening realized $690 million with fees across 79 lots, exceeding the pre-sale low estimate of $534.7 million and approaching the $731.5 million high estimate. The sales included the Robert and Patricia Ross Weiss offering of 18 major works spanning Cubism to Abstract Expressionism and a 62-lot 20th-century sale featuring artists such as Matisse, Picasso, Calder, Hockney, Chagall, and Giacometti. The total marked a 41 percent increase from May with a 97 percent sell-through rate by value and 96 percent by lot. Sperone Westwater announced it will close after 50 years, with its final exhibition devoted to Richard Long.
Read at ARTnews.com
Unable to calculate read time
Collection
[
|
...
]