Sacked...
Full Member
Posts โข 7,978
Likes โข 1,338
October 2007
|
Picasso Sets World Record., by Sacked... on May 5, 2010 21:37:04 GMT 1, Art market history was made at Christieโs last night when a Picasso, Nude, Green Leaves and Bust, coming from the collection of Mrs. Sidney F. Brody, sold for $106,482,500 (₤70,278,450 โฌ81,991,525) to an anonymous bidder, setting a new world record for any work of art sold at auction. The Impressionist and Modern Art Evening Sale realized a total of $335,548,000 (ยฃ221,461,680/Є258,317,960), and also achieved world records for Braque and Rafaelli.
The Evening Sale portion of the Mrs. Sidney F. Brody Collection became the highest total for a single-owner sale offered at Christie's New York. The 27 lots from the Brody Collection achieved $224,177,500/ยฃ147,957,150/โฌ172,616,675 and were 100% sold by lot and value. Overall, 30 lots sold above the $1 million mark and 9 lots sold above the $10 million mark. A portion of the proceeds from the sale of the Brody Collection will be donated the Huntington Library, Art Collections and Botanical Gardens in San Marino, CA, where the late Mrs. Brody was a guiding patron.
The Various Owners portion of the sale yielded four more prices above the $10 million mark for works by Giacometti, Picasso, and Renoir, as well as a new world auction record for Raffaelli. The top lot of the section was a stunning 1947 sculpture of a human hand by Giacometti, La Main, which sold for $25,842,500 (₤35,166,450/โฌ41,027,525). Two further works by Pablo Picasso also sold above expectations as Femme au chat assise dans un fauteuil, 1964, realized $18,002,500 (₤11,881,650/โฌ13,861,925) and another work of the same year, Le peintre et son modรจle, 1964, sold for $10,722,500 (₤7,076,850/โฌ8,256,325).
Art market history was made at Christieโs last night when a Picasso, Nude, Green Leaves and Bust, coming from the collection of Mrs. Sidney F. Brody, sold for $106,482,500 (₤70,278,450 โฌ81,991,525) to an anonymous bidder, setting a new world record for any work of art sold at auction. The Impressionist and Modern Art Evening Sale realized a total of $335,548,000 (ยฃ221,461,680/Є258,317,960), and also achieved world records for Braque and Rafaelli.
The Evening Sale portion of the Mrs. Sidney F. Brody Collection became the highest total for a single-owner sale offered at Christie's New York. The 27 lots from the Brody Collection achieved $224,177,500/ยฃ147,957,150/โฌ172,616,675 and were 100% sold by lot and value. Overall, 30 lots sold above the $1 million mark and 9 lots sold above the $10 million mark. A portion of the proceeds from the sale of the Brody Collection will be donated the Huntington Library, Art Collections and Botanical Gardens in San Marino, CA, where the late Mrs. Brody was a guiding patron.
The Various Owners portion of the sale yielded four more prices above the $10 million mark for works by Giacometti, Picasso, and Renoir, as well as a new world auction record for Raffaelli. The top lot of the section was a stunning 1947 sculpture of a human hand by Giacometti, La Main, which sold for $25,842,500 (₤35,166,450/โฌ41,027,525). Two further works by Pablo Picasso also sold above expectations as Femme au chat assise dans un fauteuil, 1964, realized $18,002,500 (₤11,881,650/โฌ13,861,925) and another work of the same year, Le peintre et son modรจle, 1964, sold for $10,722,500 (₤7,076,850/โฌ8,256,325).
|
|
Martin DK
Junior Member
Posts โข 3,768
Likes โข 987
August 2008
|
Picasso Sets World Record., by Martin DK on May 5, 2010 21:57:42 GMT 1, Holy cow! 
Holy cow! |
|
Sacked...
Full Member
Posts โข 7,978
Likes โข 1,338
October 2007
|
Picasso Sets World Record., by Sacked... on May 5, 2010 22:02:00 GMT 1, I hope you're not referring to me !!
I hope you're not referring to me !!
|
|
love
Junior Member
Posts โข 1,644
Likes โข 389
October 2009
|
Picasso Sets World Record., by love on May 5, 2010 23:23:03 GMT 1, i will post pictures when it is on my wall. 
i will post pictures when it is on my wall. |
|
|
|
Picasso Sets World Record., by Coach on May 5, 2010 23:25:18 GMT 1, i will post pictures when it is on my wall.
Trip to ikea for a frame first though?
i will post pictures when it is on my wall. Trip to ikea for a frame first though? |
|
|
|
Picasso Sets World Record., by snausages on May 6, 2010 2:53:20 GMT 1, Did you see this? Christies built out a replica of the home of the woman who owned the Picasso so people bidders could see how it was hung for the last 50 yrs. Cool
Did you see this? Christies built out a replica of the home of the woman who owned the Picasso so people bidders could see how it was hung for the last 50 yrs. Cool |
|
|
|
hlarmy
Junior Member
Posts โข 3,199
Likes โข 64
November 2007
|
Picasso Sets World Record., by hlarmy on May 6, 2010 4:23:19 GMT 1, Great painting, amazing price...
Cheers for the photo snausages, that's interesting
Great painting, amazing price... Cheers for the photo snausages, that's interesting |
|
|
|
Picasso Sets World Record., by walshy on May 6, 2010 10:50:04 GMT 1, Did you see this? Christies built out a replica of the home of the woman who owned the Picasso so people bidders could see how it was hung for the last 50 yrs. Cool
sure its not just a photo ?
Did you see this? Christies built out a replica of the home of the woman who owned the Picasso so people bidders could see how it was hung for the last 50 yrs. Cool sure its not just a photo ? |
|
|
|
Picasso Sets World Record., by snausages on May 6, 2010 14:03:55 GMT 1, 
It's a photo.
Of Christies showroom.
It's a photo. Of Christies showroom. |
|
lee3
New Member
Posts โข 832
Likes โข 1,289
November 2009
|
Picasso Sets World Record., by lee3 on May 6, 2010 16:17:10 GMT 1, To say nothing of the $53+MM Giacometti Grande tรชte mince in the lower right hand corner of that photo. The photos of the Brody home in the catalog were just insane including Dubuffet's to die for. Interesting to read about the Picasso too as they kept a very low profile and only loaned it out to one show (celebrating the artist's 80th birthday) the entire time they owned it. Even the CR had photos of it and listed its whereabouts as unknown.
>>>I wouldn't put that on my wall for free. <<<
Really? Wow, I guess the one man's trash rule applies even to billionaire collectors. I really have to wonder where something like this ended up. My wife and I were talking about it last night and at 100MM there are plenty of billionaires that this becomes too steep a price for. It makes one think just what may be sitting in vaults for some of the brutal dictators around the globe that have been in power for ages stealing from and oppressing their citizens.
To say nothing of the $53+MM Giacometti Grande tรชte mince in the lower right hand corner of that photo. The photos of the Brody home in the catalog were just insane including Dubuffet's to die for. Interesting to read about the Picasso too as they kept a very low profile and only loaned it out to one show (celebrating the artist's 80th birthday) the entire time they owned it. Even the CR had photos of it and listed its whereabouts as unknown.
>>>I wouldn't put that on my wall for free. <<<
Really? Wow, I guess the one man's trash rule applies even to billionaire collectors. I really have to wonder where something like this ended up. My wife and I were talking about it last night and at 100MM there are plenty of billionaires that this becomes too steep a price for. It makes one think just what may be sitting in vaults for some of the brutal dictators around the globe that have been in power for ages stealing from and oppressing their citizens.
|
|
|
|
Picasso Sets World Record., by stillborncrisps on May 6, 2010 16:36:18 GMT 1, Lee, is this all part of that 'Warhols set to double' predictions you were explaining the other day?
Lee, is this all part of that 'Warhols set to double' predictions you were explaining the other day?
|
|
lee3
New Member
Posts โข 832
Likes โข 1,289
November 2009
|
Picasso Sets World Record., by lee3 on May 6, 2010 17:01:32 GMT 1, Lee, is this all part of that 'Warhols set to double' predictions you were explaining the other day?
Stillborn, yes, I expected ridiculous results for the first two weeks of May. Last night the low estimates were $144MM and highs were $208MM. They did $198MM selling 51 of 58 lots. That's very good. Christie's did much better the previous night but they have the two big estate (Brody this week, Crichton next week) consignments. While I appreciate modern art, it's not my passion. My passion is next week, contemporary art. The buyers of Modern art tend to be over 60 or museums. Naturally, it's a different set of buyers for contemporary art with notable exceptions. I've been expecting big things for NY; however, since I opened my mouth 2 or 3 months ago the dollar has strengthened by a good 20-30% on many/most currencies which really hurts the purchasing power of overseas buyers. Therefore, the fireworks on the whole may have to wait until the London July sales since the pound sterling has been languishing too. It certainly doesn't help that global equity markets have been in a complete free fall all of this week either (although gold has been rock solid and it's a collectible just as art is). Regardless, the evening sales have been solid for both houses and I haven't paid any attention to the morning or day sales for Modern Art.
I was looking through the Christie's catalog last night for their evening and morning contemporary art and practically drooling at the quality they are offering across the board. Christie's is where the action is at this May but with equity markets diving and dollar strengthening to the degree that it's occurring, it probably tempers the overall enthusiasm/willingness of buyers to part with their respective currencies. Regardless, I still think the Jasper Johns flag alone will lift the price of contemporary art across the board. And the enormous puple Warhol fright wig at Sotheby's won't hurt either.
Lee, is this all part of that 'Warhols set to double' predictions you were explaining the other day? Stillborn, yes, I expected ridiculous results for the first two weeks of May. Last night the low estimates were $144MM and highs were $208MM. They did $198MM selling 51 of 58 lots. That's very good. Christie's did much better the previous night but they have the two big estate (Brody this week, Crichton next week) consignments. While I appreciate modern art, it's not my passion. My passion is next week, contemporary art. The buyers of Modern art tend to be over 60 or museums. Naturally, it's a different set of buyers for contemporary art with notable exceptions. I've been expecting big things for NY; however, since I opened my mouth 2 or 3 months ago the dollar has strengthened by a good 20-30% on many/most currencies which really hurts the purchasing power of overseas buyers. Therefore, the fireworks on the whole may have to wait until the London July sales since the pound sterling has been languishing too. It certainly doesn't help that global equity markets have been in a complete free fall all of this week either (although gold has been rock solid and it's a collectible just as art is). Regardless, the evening sales have been solid for both houses and I haven't paid any attention to the morning or day sales for Modern Art. I was looking through the Christie's catalog last night for their evening and morning contemporary art and practically drooling at the quality they are offering across the board. Christie's is where the action is at this May but with equity markets diving and dollar strengthening to the degree that it's occurring, it probably tempers the overall enthusiasm/willingness of buyers to part with their respective currencies. Regardless, I still think the Jasper Johns flag alone will lift the price of contemporary art across the board. And the enormous puple Warhol fright wig at Sotheby's won't hurt either. |
|
Deleted
Posts โข 0
Likes โข
January 1970
|
Picasso Sets World Record., by Deleted on May 6, 2010 17:31:14 GMT 1, Lee, is this all part of that 'Warhols set to double' predictions you were explaining the other day? Stillborn, yes, I expected ridiculous results for the first two weeks of May. Last night the low estimates were $144MM and highs were $208MM. They did $198MM selling 51 of 58 lots. That's very good. Christie's did much better the previous night but they have the two big estate (Brody this week, Crichton next week) consignments. While I appreciate modern art, it's not my passion. My passion is next week, contemporary art. The buyers of Modern art tend to be over 60 or museums. Naturally, it's a different set of buyers for contemporary art with notable exceptions. I've been expecting big things for NY; however, since I opened my mouth 2 or 3 months ago the dollar has strengthened by a good 20-30% on many/most currencies which really hurts the purchasing power of overseas buyers. Therefore, the fireworks on the whole may have to wait until the London July sales since the pound sterling has been languishing too. It certainly doesn't help that global equity markets have been in a complete free fall all of this week either (although gold has been rock solid and it's a collectible just as art is). Regardless, the evening sales have been solid for both houses and I haven't paid any attention to the morning or day sales for Modern Art. I was looking through the Christie's catalog last night for their evening and morning contemporary art and practically drooling at the quality they are offering across the board. Christie's is where the action is at this May but with equity markets diving and dollar strengthening to the degree that it's occurring, it probably tempers the overall enthusiasm/willingness of buyers to part with their respective currencies. Regardless, I still think the Jasper Johns flag alone will lift the price of contemporary art across the board. And the enormous puple Warhol fright wig at Sotheby's won't hurt either.
hello Lee.. do you have links for the contemporary art catalogues ?
Lee, is this all part of that 'Warhols set to double' predictions you were explaining the other day? Stillborn, yes, I expected ridiculous results for the first two weeks of May. Last night the low estimates were $144MM and highs were $208MM. They did $198MM selling 51 of 58 lots. That's very good. Christie's did much better the previous night but they have the two big estate (Brody this week, Crichton next week) consignments. While I appreciate modern art, it's not my passion. My passion is next week, contemporary art. The buyers of Modern art tend to be over 60 or museums. Naturally, it's a different set of buyers for contemporary art with notable exceptions. I've been expecting big things for NY; however, since I opened my mouth 2 or 3 months ago the dollar has strengthened by a good 20-30% on many/most currencies which really hurts the purchasing power of overseas buyers. Therefore, the fireworks on the whole may have to wait until the London July sales since the pound sterling has been languishing too. It certainly doesn't help that global equity markets have been in a complete free fall all of this week either (although gold has been rock solid and it's a collectible just as art is). Regardless, the evening sales have been solid for both houses and I haven't paid any attention to the morning or day sales for Modern Art. I was looking through the Christie's catalog last night for their evening and morning contemporary art and practically drooling at the quality they are offering across the board. Christie's is where the action is at this May but with equity markets diving and dollar strengthening to the degree that it's occurring, it probably tempers the overall enthusiasm/willingness of buyers to part with their respective currencies. Regardless, I still think the Jasper Johns flag alone will lift the price of contemporary art across the board. And the enormous puple Warhol fright wig at Sotheby's won't hurt either. hello Lee.. do you have links for the contemporary art catalogues ? |
|
lee3
New Member
Posts โข 832
Likes โข 1,289
November 2009
|
|
|
|
|
Deleted
Posts โข 0
Likes โข
January 1970
|
|
|
|
|
Picasso Sets World Record., by snausages on May 6, 2010 21:40:21 GMT 1, Crichton has an amazing collection.
Wonder how the stock market collapse will affect things? I was planning on throwing in some low bids on something at Sothebys and PdP. Hope this means bidders are less aggressive and I can win.
Crichton has an amazing collection.
Wonder how the stock market collapse will affect things? I was planning on throwing in some low bids on something at Sothebys and PdP. Hope this means bidders are less aggressive and I can win.
|
|
lee3
New Member
Posts โข 832
Likes โข 1,289
November 2009
|
Picasso Sets World Record., by lee3 on May 6, 2010 21:46:12 GMT 1, >>>Wonder how the stock market collapse will affect things? <<<
I would normally guess that it would hurt the sales. However, gold prices are screaming higher which suggests people want out of currencies and into tangibles which would include art. On the whole, it probably is bearish for art. For the very best blue chip works, I suspect it's bullish. If that flag sells for over $75MM, I'd say that's a strong signal that the global equity markets did not hurt the best art in the world.
>>>Wonder how the stock market collapse will affect things? <<<
I would normally guess that it would hurt the sales. However, gold prices are screaming higher which suggests people want out of currencies and into tangibles which would include art. On the whole, it probably is bearish for art. For the very best blue chip works, I suspect it's bullish. If that flag sells for over $75MM, I'd say that's a strong signal that the global equity markets did not hurt the best art in the world.
|
|
Sohoria
New Member
Posts โข 964
Likes โข 305
August 2009
|
Picasso Sets World Record., by Sohoria on May 6, 2010 23:39:40 GMT 1, id expect the next 3 weeks dow drop 2000 points .... people agree go to safe havens... gold will increase but think way to high right now and hitting tipping point... as for art market wish could comment but dont have enough experience as lee or snausages but enjoy seeing posts to help me learn...s
id expect the next 3 weeks dow drop 2000 points .... people agree go to safe havens... gold will increase but think way to high right now and hitting tipping point... as for art market wish could comment but dont have enough experience as lee or snausages but enjoy seeing posts to help me learn...s
|
|
nah
New Member
Posts โข 822
Likes โข 34
April 2009
|
Picasso Sets World Record., by nah on May 7, 2010 2:28:55 GMT 1, Judge it based on artistic merit. There's nothing great about it.
cute
Judge it based on artistic merit. There's nothing great about it. cute |
|
lee3
New Member
Posts โข 832
Likes โข 1,289
November 2009
|
Picasso Sets World Record., by lee3 on May 7, 2010 16:13:31 GMT 1, >>>Judge it based on artistic merit.
There's nothing great about it.
<<<
As I said, the one man's trash rule is alive and well. I respectfully disagree with your opinion but it's not like either one of us will be hanging it in our homes any time soon.
>>>Judge it based on artistic merit.
There's nothing great about it.
<<<
As I said, the one man's trash rule is alive and well. I respectfully disagree with your opinion but it's not like either one of us will be hanging it in our homes any time soon.
|
|
discoduster
Junior Member
Posts โข 2,438
Likes โข 5
January 2007
|
Picasso Sets World Record., by discoduster on May 11, 2010 16:01:01 GMT 1, >>>Judge it based on artistic merit. There's nothing great about it. <<< As I said, the one man's trash rule is alive and well. I respectfully disagree with your opinion but it's not like either one of us will be hanging it in our homes any time soon.
You sure about that lee?? 
>>>Judge it based on artistic merit. There's nothing great about it. <<< As I said, the one man's trash rule is alive and well. I respectfully disagree with your opinion but it's not like either one of us will be hanging it in our homes any time soon. You sure about that lee?? |
|
