Tuesday, December 08, 2015

AUCTIONS - Christmas 2015

1. NEW YORK (AFP).- Christie's on Monday smashed world record prices at auction for Amedeo Modigliani and Roy Lichtenstein, selling works by the artists for $170.4 million and $95.37 million respectively. Modigliani's "Nu Couche" or "Reclining Nude," painted in 1917-18, sold in New York after a frantic nine-minute bidding war in the first time the painting has ever come to auction. More Information: http://artdaily.com/news/82793/Christie-s-New-York-sets-world-record-prices-for-Amedeo-Modigliani-and-Roy-Lichtenstein#.VlOnL9-rT2Q

2. NEW YORK, NY.- Barnebys, the online search and valuation tool for artworks, antiques and collectibles that has taken Europe by storm, will officially launch in the United States with an office in New York City, soon after the turn of the year. Already, representatives from the company are in Manhattan, gearing up for the launch. From their other offices in Stockholm and London, Barnebys has already revolutionized the auctioneering landscape, but not as an online-bidding platform in an already crowded space. Rather, it is an auction house aggregator. The company’s free, one-stop
service allows potential bidders immediate access to items they desire at a host of major international auction houses as well as regional houses and specialist collections around the world, regardless of where and when the sale happens.
Users are given instant entree to virtually every auction item in the marketplace at any given time. They are also furnished – for free – historical data documenting an item's previous sale history. It's a concept that has caught on mightily in Europe since the firm's launch in 2011. On any given day, Barnebys curates more than 400,000 available objects from 1,000+ international auction houses and dealers.
Barnebys operates on a unique pay-per-click business model, generating its revenue from participating auction houses. That revenue is based on the amount of traffic Barnebys redirects to online auction catalogs. The firm enjoys a healthy and cooperative working relationship with international auction houses large and small, averaging around 20 new auction house sign-ups per month. It also sells banner ads on its website.
In the United States, top-tier auction houses such as Sotheby's, Christie's, Paddle 8, Phillips and Heritage have already signed on to become cooperative partners with Barnebys. Others are expected to follow suit, once the concept is more widely understood and the potential for increased revenue is explained. International users include Catawiki, Dorotheum, Tajan and Auctionata. Further global market expansion is planned for 2016. More information...http://artdaily.com/news/83085/Europe-s-powerhouse-auction-aggregator-Barnebys-will-enter-the-U-S--market

3. PARIS PARIS.- The African and Oceanic Arts department's last sale of the year totalled €5,932,500 ($6,312,773), with 81% of lots sold and 90% by value, with nearly 50% of lots sold above their high estimates. The highest prices went to works from collections built up several decades ago and masterpieces from restricted corpuses.At €2.9 million ($3 million), the RenĂ© and Odette Delenne collection largely exceeded its high estimate, with 100% of lots sold. This remarkable collection begun in the 1950’s was celebrated at several outstanding exhibitions, and more recently with the acquisition of thirty-four sculptures from Congo by the Cleveland Museum of Art in 2010.The sale was led by a pair of statues portraying King Pokam and his wife Yugang: a masterpiece by the Master of Batoufam (Bamileke, Cameroon), which was sold for €1,443,000 / $1,535,500 (lot 14). Documented since 1920’s, this work joined the Delenne collection in 1970, and was unveiled in 1988 at the famous Utotombo exhibition (Brussels, Palais des Beaux-Arts).From the same collection, the Kopar male figure from the Lower Sepik region was sold for €483,000 / $513,960 (lot 9, estimate: €150,000-200,000). Collected around 1960, this austerely beautiful sculpture is part of a very restricted corpus.... More

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