Contemporary Art
The wide and varied world of Post-war and Contemporary art has become a major part of the art market and a key sector for the leading auction houses.
Hong Kong moves into the Modern market...
05 June 2006A NEW record for Ming porcelain set by a king of Las Vegas provided the headline, but the real story of Christie’s anniversary series in Hong Kong was the rise and rise of Modern and Contemporary Asian art. This relatively new visitor to the global auction market has now eclipsed more traditional collecting disciplines as Christie’s biggest earner in Hong Kong.
Middle Eastern buyers purchase half of inaugural Dubai sale
31 May 2006Over 500 clients participated in Christie’s inaugural sale in Dubai last month at the Jumeirah Emirates Towers Hotel.
If there is a bubble, it’s not set to burst yet
15 May 2006Hedge funds continue to stake a claim on big-ticket names
Phillips de Pury & Co to open new London rooms and target Frieze clients
08 May 2006PHILLIPS de Pury & Company are to open a new London saleroom and hold a special Contemporary Art and Design auction on October 14 during the Frieze fair.
Chinese painting records keep falling
18 April 2006The current boom in the market for Chinese Contemporary paintings could hardly be better illustrated than by the way sale statistics have been leapfrogging around the globe in the last couple of weeks.
China’s contemporary values
12 April 2006The enormous potential of the market for contemporary Chinese art was dramatically underlined by almost frenzied scenes at Sotheby’s (20/12% buyer’s premium) eagerly awaited March 31 Contemporary Art Asia sale in New York.
Bloomsbury open Contemporary art department
20 March 2006Bloomsbury Auctions are opening a Contemporary art department to compete for a share of London's burgeoning market.
Art Fund commission’s new work as challenge
13 March 2006The UK’s leading art charity has commissioned its first-ever work by a contemporary artist as part of a campaign to boost funding for the arts.
Contemporary global warming
14 February 2006New buyers help records tumble as London reinforces its importance
Christie’s to sell art in Dubai
23 January 2006Christie’s will test the potentially lucrative waters of the Middle Eastern market in situ by holding an inaugural sale in Dubai this spring.
Frost & Reed revamp includes a move into the Contemporary
11 January 2006ST James’s gallery Frost and Reed, founded in 1808, have undergone a management shake-up and will have an increased focus on Contemporary art.
Contemporary still booming
19 November 2005Christie’s return higher total for a single sale, but Sotheby’s secure top price of series
DMG get their passport to New York’s Contemporary scene
19 November 2005INTERNATIONAL exhibition and publishing company dmg world media have acquired Chicago-based Expressions of Culture Inc., producers of SOFA Chicago and SOFA New York.
Contemporary records tumble at Sotheby’s and Christie’s
29 June 2005London turned up the heat in the market for Contemporary art when both Sotheby’s and Christie’s achieved outstanding results at their June evening sales.
Russians make their mark again
24 March 2005The former collection of Dmitri Snegaroff (1885-1959) was the focus of attention at the Modern and Contemporary art sale at ArtCurial (20.93% buyer’s premium) on February 22-23.
European collectors boost London contemporary sales
14 February 2005Buoyed by rising stockmarkets and the continuing strength of the euro against the pound, European private collectors were buying in force at Sotheby’s and Christie’s February round of Impressionist, Modern and Contemporary art sales in London.
Knightsbridge now for Damien Hirst
07 February 2005NO more the enfant terrible of the Brit-Art world, shark man Damien Hirst is quite at home in salubrious Knightsbridge, especially after he walked away with £11m from his famous Pharmacy sale at Sotheby’s.
Lenkiewicz forgery prompts reaction
31 January 2005THE appearance of a significant Lenkiewicz forgery on the market has prompted the foundation dedicated to the artist to set up an authentication service.
Cameron comes to market for the first time to sell at £19,500
31 January 2005Back in the late 1920s, during the height of the so-called Etching Boom, prints by Scottish contemporary artists such as Muirhead Bone, David Young Cameron and James McBey were the subject of the sort of feverish speculation which now characterises the market for cutting-edge names like Damien Hirst, Richard Prince and Maurizio Cattelan.
Hirst’s shark moves to USA at £7m
25 January 2005Damien Hirst’s tiger shark suspended in a tank of formaldehyde, once the centrepiece of the Charles Saatchi collection and arguably the best-known work by a late 20th century British artist, has been sold to an American collector for a price close to £7m.
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