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The results of the Impressionist & Modern sales in London last week were without surprise (except for the withdrawal of PISSARRO Camille [1830-1903]’s, Le Quai Malaquais) and made the era of 8-figure auction results an even more distant memory. Both auction houses generated eight sales above the $1m line. The bought-in rate was not identical however: 15% at Sotheby’s (out of 27 lots presented) and 32% at Christie’s (out of 45 lots offered).
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- [06/29/2009]
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On 23 June, Christie’s will be offering 45 Impressionist & Modern works in London and the following day Sotheby’s will present just 27 pieces. The catalogues feature works by Picasso, Claude Monet and Giacometti. On 25 and 30 June, the two auctioneers will open their Contemporary Art sales
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- [06/22/2009]
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After the sale of three Niki de Saint-Phalle’s giant Nanas in Germany in December 2008 for €750,000, the Paris sale last month of her Le Banc produced another excellent result. The French-American artist – whose works are collected all over the world – is generating good sales performances in spite of the crisis.
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- [06/15/2009]
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The 53rd Venice Biennial Art Fair opens to the public on 7 June 2009. For six months it presents a panorama of global contemporary art in pavilions representing the artists and countries invited. Launched in 1895, the Venice biennial has a long tradition of selecting a handful of artists to receive its prestigious prizes. Do the Golden Lions - awarded parsimoniously over the years - constitute an accelerator for the price indices of the artists that receive them?
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- [06/08/2009]
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While New York’s auction houses hosted sales of South American art, the Paris offices of Sotheby’s and Christie’s were selling Contemporary Art during May. The results are better than expected for Christie’s primarily due to the sale of a collection of works by LALANNE François-X. & Claude [XX-].
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- [06/01/2009]
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At the end of the first quarter of 2009, the global art market price index showed a 10% contraction. But in New York City, host to some of the world’s most prestigious art sales, the crisis is being felt particularly hard: the same index shows a 35% local contraction since January 2008.
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- [05/26/2009]
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