Next up in our series of the world’s most expensive living artists: the Americans. Auction results reveal both the usual suspects as well as some surprises, making this list more diverse than might have been expected. Some of these artists are auction darlings with thousands of works on the block, while others have had nary […]
In May 2013, German artist Gerhard Richter broke his own record when his 1968 painting “Domplatz, Mailand,” which looks like a fuzzy black-and-white photograph, sold at auction for $37 million, the highest amount for any living artist. It was a record he held for six months, until Jeff Koons’ “Balloon Dog” smashed it, selling for […]
artnet News’s ongoing series on the world’s most expensive living artists by nationality turns next to the French—after previous installments devoted to the Brits and the Germans. And a quick glance at the list below is enough to realize how isolated (others might say undervalued) the market for French art remains. Only three of the auction records presented […]
Tracey Emin‘s sculpture My Bed (1998) is exactly what it sounds like: the work consists of the artist’s freshly slept-in bed, with crumpled pillows, disheveled sheets, and dirty tissues and other junk (including sanitary items, prophylactics, and liquor bottles) strewn around the footboard. When it debuted at 1999 at London’s Tate, it created an instant commotion in the […]
In the second installment of our series of the world’s most expensive living artists, we focus on the Germans. Artists from the country have seen unprecedented success in recent years. And high-flying auction results have been spread relatively evenly across media, if not between the sexes. Perhaps most interestingly, however, all of the Germans in […]
It’s official, the art market is picking up after years spent in a post-crash lull. According to TEFAF’s much discussed annual art market report, 2013 was the second best year on record, grossing €47.42 billion ($65.45). It was topped only by 2007, the vintage year of the last bubble. In this new series, artnet News […]
EUGENE, Ore. — The Jordan Schnitzer Museum of Art, tucked into a quiet corner of a college campus here in the hills of the Pacific Northwest, is hardly the epicenter of the art world. Yet major collectors, fresh from buying a Warhol or a Basquiat or another masterpiece in New York, routinely choose this small, […]
If the market for contemporary art is in danger of overheating, the first canary in the coal mine will surely be those fashionable young artists whose prices have been driven up by speculators over the past few years. Midseason auctions of affordable works by emerging names are telling temperature gauges for the contemporary market. Phillips’s […]
In the landmark June 2011 sale at Sotheby’s London, 34 works in the collection of German industrialist Count Christian Duerckheim went up for auction, among them seven paintings by the postwar German artist Sigmar Polke (who had died the year before). Of those paintings, one,Dschungel (Jungle) (1967), brought in $9,245,139, sailing past its high estimate of $6.4 million and […]
The past year has seen collectors and auction houses creating their own art market. They’re essentially bypassing dealers, galleries, and critics, identifying artists on their own, buying works by those artists cheaply in great numbers, then flipping them at vastly higher prices to a network of other like-minded speculator-collectors. Thus, we’ve seen the rise of […]
The herd is spooked. That’s one interpretation of why there has been so much outrage over the the borderline heretical views that the collector Stefan Simchowitz espoused in Artspace‘s recent interview with him—what he said has evidently struck a chord that resonates jarringly with collectors, dealers, artists, curators… everyone, really. A collector who has amassed a hoard of recent art, […]
Over Facebook, I asked an informal question about who pays artists. I wasn’t surprised by the results. Many artists, including those still in school, tend to pay other artists, actors, and writers who’ve assisted with the production of a work. Even those with limited means tend to exchange work, materials, or other barterable goods. Contrast […]
March 8 was International Women’s Day, and though few people remember this occasion in America, in Russia we celebrate it as a major national holiday. Every March since my Soviet childhood I was reminded to appreciate all the intelligent and hard-working women who have played a pivotal role in my life and generally made our world […]
If you bring up the name Stefan Simchowitz in the company of art dealers, collectors, advisors, or other professionals, you are bound to get a vigorous reaction. A producer of Hollywood movies like “Requiem for a Dream” and a co-founder of MediaVast, the photo-licensing site that was sold to Getty Images in 2007 for $200 million, Simchowitz is one of […]
Money continues to pour into art, and with it, stories multiply about art’s manipulation by callow titans of finance. Speaking of the recent decade, one pundit said not so long ago: “The conversation has turned from ‘Is art an asset class?’ to ‘Art is an asset class,’ and then to ‘How do we take advantage […]
Art dealer Larry Gagosian pushes the best work – Richard Serra, Cy Twombly, Richard Wright, Urs Fischer – and fills the gap in our public galleries with real taste and belief.Is the Gagosian empire like the Starbucks of contemporary art? A megalomaniac attempt to corner the art market? It may seem so, but this chain store of […]
LONDON — Works by contemporary artists born after 1945 generated $17.2 billion in worldwide auction sales last year, a 39 percent increase from 2012, according to figures just released by the French database Artprice. Last November, a triptych by Francis Bacon sold for $142.4 million, a record for any work of art at a public […]
In the weeks since Art Basel in Hong Kong announced that its 2015 edition would take place nearly two months earlier than in the past, various lines of speculation about the rationale behind the move have been buzzing. With the vast amount of advanced planning that goes into pulling off a major art fair, the packed schedules […]
The season of art market performance reports is upon us, and keeping up with them all can be an all-consuming—and sometimes baffling—affair. In the last month various entities have declared 2013 to have been both the best year ever and the second best year ever for art sales, while also (erroneously) declaring art to be […]
The global art market outlook for 2014 is extremely bullish, according to the latest TEFAF Art Market Report published today by the European Fine Art Foundation. Prepared by Dr. Clare McAndrew, the much anticipated annual report tracking global art market movements says 2013 was the best year on record, other than 2007, and only just shy of […]