#record-auction-price

#record-auction-price

Private auctions are characterized by their curated nature, taking place outside the traditional public auction format, which allows for a more controlled and quieter sales environment.

"I love the paintings of Enrico Donati as I love a night in May." This sentiment from André Breton reflects the deep admiration he had for Donati's work, emphasizing the emotional connection to the art.

The record price in the category, $13.8m- paid last year at Christies' in New York for a painting by the Mumbai-based Modernist M.F. Husain-is more than three times what it was 20 years ago.

What drew me to [them] was clear: an iconic brand with a genuine commitment to the independent advisors across Canada who have chosen to build their businesses here and to the clients they serve. That kind of alignment is rare. Having spent my career building companies at the intersection of real estate and fintech, I've seen what's possible when talented entrepreneurs are supported by the right platform, tools and leadership.

Christie's led the evening-sale race, with a total haul of HK$655.76 million ($83.8 million), a 17 percent increase from the same sale last year. It had no withdrawals.

Estate sales typically last for three days over a weekend: Friday, Saturday, and Sunday. Since sellers are eager to move product, they will often discount items as the days progress. Friday is full price, Saturday is 25% off, and Sunday is 50% off. This can vary, depending on the estate sale, but since the ultimate goal is to clear a space and sell as much as possible, you can usually count on steeper discounts the longer the sale continues.

If you want to sell Basquiats and Birkins to the very rich, it might help to have a location on Billionaires' Row. It might also help if that location had a certain cultural cachet. Bonhams, the international auction house, managed to find such a spread in a 42,000-square-foot space that is knitted from the lower floors of an odd collection of prewar buildings and razed lots, with pops of old brick walls and limestone interrupting expanses of sheer, contemporary glass.

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

A colorful modernist canvas by the late Indian painter Vivan Sundaram turned heads at Sotheby's New York on March 26 when it fetched $896,000 including fees-seven times its high estimate.

Marc Payot, president of Hauser and Wirth, emphasized the importance of long-term engagement, stating, 'What matters is long-term engagement-building relationships, not just transactions.' He noted that serious collectors were actively engaging at the fair.

Stephen Friedman was overdue filing when he went into liquidation on 2 February, closing his London gallery immediately (his New York venue shuttered around the same date). At the time of writing, invoices remain unpaid and artists unable to retrieve works from storage companies. In a statement, Friedman says 'all matters are now subject to the administrator's consideration'.

Major works from media mogul S.I. Newhouse's estate are poised to smash records at Christie's in May. The tranche of 35 to 40 works includes paintings by Jackson Pollock, Pablo Picasso, and Jasper Johns, as well as a Constantin Brancusi sculpture, and is valued it at a whopping $450 million.

The terms are often conflated to portray an air of desirability and a limited opportunity. Rarity generally refers to the unusualness of an object—something that is infrequently encountered or 'rare to market.' With modern works from the past century, rarity can stem from limited original production, or the fact that many examples are held in museum or institutional collections, reducing their availability in the marketplace.

For some eminently wealthy individuals, amassing a first-class art collection is an ideal way to spend their money. And while some high-profile art collectors end up donating their collections to museums or other cultural institutions, others take a different approach, reselling their art after a certain amount of time. Which brings us to this week, when billionaire David I. Koch's collection of Western art hit the auction block at Christie's, setting a number of records in the process.

The snippet carries the phrase "Fathers of the Senate!" which is nowhere found in surviving Washington documents. The expression is borrowed from ancient Roman Senate-specifically the Latin patres conscripti , or "Conscript Fathers"-and quite possibly wasn't the patrician tone Washington intended to set for a young republic. It is unknown why or how it was used in this case as the manuscript from which the fragment was cut is long lost.

Under the terms of Sotheby's new fee structure, buyer's premiums for lots sold in New York are increasing from 27% on lots priced at or above $1m to 28% for all works sold for hammer prices up to and including $2m (£1.5m in London). The medium tier buyer's premium will remain 22% of the hammer price, but will be applied to lots sold for between $2m and $8m (£1.5m and £6m in London);

Is there finally a market for performance art? We're seeing more and more performance in galleries, art fairs, and other commercial art spaces these days.

Many dealers said that their priority for the debut was making new connections, but what's an art fair without sales? Rest assured, some deals were confirmed during the first two VIP days, on Tuesday and Wednesday, though they took a while. "I'm really happy with this fair," said London dealer Niru Ratnam, who placed Kutlug Ataman's 22-screen video installation Mesopotamian Dramaturgies / The Stream (2022) with an institution on Wednesday for $250,000.