Archive for the auctions Tag

$40 Million Dollar Warhol Marks The Return of the Market

Apparently, the art market has returned. Andy Warhol’s 200 One Dollar Bills. Image: nyt.com After a year of caution on the part of collectors, recent sales in New York and London have shown a dramatic return.  The other day, Sotheby’s New York sold Andy Warhol’s huge 1962 canvas 200 One Dollar Bills for $43.7 million (U.S.) – more than triple
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The New Art Buyers?

“When the empires fall — Roman, Greek — all that is left is the art.” The Mugrabi family, from left: Alberto, David and the patriach, Jose. Image: nytimes.com As private dealers, the Mugrabi (family) do not own a gallery or represent artists. They buy or sell works in about 100 art auctions annually, nearly one every three days (sometimes, with
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The End of the Art Boom? Christie’s and Sotheby’s Report Losses

Sombre sales at Sotheby’s and Christie’s mark end of art boom, says the FT. “However, (Sotheby’s) managed to sell its star piece, an abstract work by Kazimir Malevich, for $53m – $60m after the buyers’ premium – after securing an irrevocable bid for the work. It had estimated it would sell for about $60m…” Kazimir Malevich, Suprematist composition (blue rectangle
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