Christie's

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Modest Success at Christie's Cheers Art World

Hockney breaks record as auction house sells $93.7M

(Newser) - Christie's contemporary auction in New York last night went better than expected, selling $93.7 million worth of postwar art—double the result of its rival Sotheby's the night before. The top lot was a 12-foot panorama by British painter David Hockney, which sold for $7.9 million, a record...

Buyers Return for Healthy Christie's Sale

Auction house pulls in $103M, besting rival Sotheby's

(Newser) - The art market performed better last night at Christie's New York sale of Impressionist and modern art, pulling in $103 million after a lackluster showing by its rival Sotheby's on Tuesday. The top lot was a 1968 portrait by Picasso, which sold for $14.6 million. As the Wall Street ...

Strapped Art Market Preps for Auctions

Expectations low as auction houses try variety of tactics

(Newser) - After a 7-year boom, art auction houses are struggling as collectors hit hard by the recession close their wallets. Sotheby’s predicts it will pull in $179 million to $256 million at spring sales, compared to $742 million a year ago. As the spring events approach, auctioneers are employing an...

Auction Winner Won't Pay for Chinese Relics

Collector says he bid $36 million on antiquities as protest

(Newser) - Among the most closely watched lots at last week's Paris auction of Yves Saint Laurent's art collection were two imperial Chinese bronzes that each sold for $18 million. Beijing spent months insisting that the sculptures were looted in the 19th century and should be returned to China, but failed to...

Christie's $264M Auction Stuns Art Market

(Newser) - Celebrity power revived the art market in Paris for at least one night, the Wall Street Journal reports. Despite the economy, a giddy atmosphere prevailed at Christie's as bidders battled over blue-chip works from Yves Saint Laurent's personal collection, dishing out $32 million more than expected. Only a moody, Cubist...

Christie's Cuts Jobs as Art Sales Slump

250-year-old auction house downsizes to stay afloat

(Newser) - Following months of bad results in America and Europe, Christie's is reorganizing to cut costs, including "significant staff reductions," the auction house said yesterday. While at the start of 2008 the art world seemed immune to the economic downturn, the decade-long boom in art prices busted this fall....

'Risqué' Attic Painting Sells for $4.1M

Hidden away because it showed a breast

(Newser) - A provocative 18th Century painting, hidden in the attic of a French chateau for decades because it featured a woman with a breast exposed, has fetched $4.1 million from an anonymous buyer at a Christie's auction in London, reports the Daily Telegraph. The price was three times its estimated...

Auction Houses Counting on Russians

Buyers prop up industry staggering from economic crunch

(Newser) - With dwindling sales and empty showrooms, art auction houses are increasingly relying on what they have dubbed RR: rich Russians. Houses are hoping the record price drawn by a Kasimir Malevich painting earlier this month is proof that the Russian market will escape the downturn that's affecting other sectors. Of...

Major Works Fail to Sell at Christie's

Dismal auction season continues as Bacon fails to find buyer

(Newser) - The art world bust continued last night at the Christie's contemporary auction in New York, where almost a third of the 75 works on the block went unsold. Not a single collector bid for the highlight of the sale, a self-portrait by Francis Bacon estimated to sell for around $40...

Painting Price Spells Gloom for Economy

Portrait of Bacon auctions for only $9.4M at Christie's

(Newser) - A Lucian Freud painting expected to sell for more than $12 million at Christie’s today went for only $9.4 million, a sign that even super-rich buyers of contemporary art are cutting back in the financial crisis, the Daily Telegraph reports. The art world anxiously awaited the sale of...

Lehman CEO's Art Collection Goes Up for Sale

Richard Fuld's wife puts $20M in prized drawings on the block

(Newser) - A $20-million collection of abstract expressionist drawings belonging to Lehman boss Richard Fuld and his wife is to be sold by Christie's, Bloomberg reports. Fuld's net worth has taken a whack with the collapse of Lehman stock; the sale, which includes 3 de Koonings, was anounced 4 days after the...

Medical Bracelet With Soul Sells for $32K

James Brown's goods sell for $850K at controversial auction

(Newser) - The personal belongings of James Brown sold for $850,000 at a bittersweet Christie's auction yesterday, E! Online reports. Letterman bandleader Paul Shaffer provided the day's surprise by shelling out $32,500 for the medical bracelet Brown was wearing before he died on Christmas Day in 2006; the estimate had...

Masters Shore Up Shaky Art Market

Auctions break records, but living artists' work suffers

(Newser) - The art market has again defied the economic downturn, with Christie's and Sotheby's bringing in more than $1 billion combined during the past two weeks' London sales—a 19% rise from last year. But those numbers disguise the erratic nature of the market, writes the Wall Street Journal. While new...

Fuhgeddaboutit! Soprano Garb Grabs $200K

Auction raises money for wounded soldiers

(Newser) - Fans of fictional mob boss Tony Soprano shelled out nearly $200,000 for the outfits he wore on his hit TV series, including a set of "blood-spattered" threads, reports E! Online. Top grossing was the suit and undershirt Tony wore when Uncle Junior shot him in season 6, which...

Monet Sells for Record $80.4M
 Monet Sells for Record $80.4M 
Jun 24, 2008 9:30 PM CDT

Monet Sells for Record $80.4M

Rare waterlily work attracts high bidders at Christie's

(Newser) - One of Monet’s rare waterlily paintings sold at Christie’s in London tonight for more than $80 million, a record price for the artist, the New York Times reports. At least six buyers competed for Le Bassin aux Nympheas, a 1919 work from a series of paintings considered among...

Sopranos Star Auctioning Mob Duds to Help Vets

Don't fuhgeddaboutit : Sale to aid wounded

(Newser) - Anybody who ever wanted to dress like New Jersey's most famous fictional mobster could soon find an offer they can't refuse, reports E! Online. James Gandolfini is auctioning off 24 costumes he wore as mob boss Tony Soprano—including the blood-spattered ensemble the character wore when he was shot. All...

Art Continues to Buck Ragged Economy

Contemporary works bring $348M at Christie's—which even sells a house

(Newser) - Christie's auction of contemporary art in New York belied an economic downturn, the Times reports, with paintings, sculpture, and even a house fetching handsome prices. Two works drew particular attention: a portrait of a 280-pound nude woman by Lucian Freud, which sold for $33.6 million, and a house in...

Smells Like Teen Nostalgia
Smells Like
Teen Nostalgia
May 8, 2008 3:36 PM CDT

Smells Like Teen Nostalgia

As baby boomer baubles grow less desirable, collectors turn to Nirvana, G N' R

(Newser) - Grunge is passé, but the market for its collectibles isn’t, reports Portfolio. Nostalgia plays a big role in determining what's hot, and prices on items of baby boomer vintage, even from the likes of the Fab Four, are starting to drop. Meanwhile, the demand for Gen X artifacts—skateboards,...

Monet Sells for Record $41M
 Monet Sells for Record $41M 
May 6, 2008 10:05 PM CDT

Monet Sells for Record $41M

Painting fetches tidy sum at Christie's

(Newser) - A Monet painting sold at Christie’s tonight for $41.4 million, a record price for the artist, the New York Times reports. Three bidders competed for the 1873 impressionist painting “The Railroad Bridge at Argenteuil,” which Christie’s estimated would go for $35 million. The high bid...

Art Auction Houses Predict 25% Bump

Sotheby's and Christie's prepare for booming auction season—they hope

(Newser) - The New York art auction season begins today, and Sotheby’s and Christie’s say they believe the art market’s 5-year boom will continue, forecasting $1.8 billion in sales, reports the Financial Times. The prediction of a 25% boost over last year flies in the face of financial-market...

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