The sculpture by Alberto Giacometti “Man finger” peaked. She was sold for 141.28 million dollars.
AFP
(AFP) – The art auction in New York reached highs not seen, collecting in ten days more than 2.6 billion, with many world records, including that of the most expensive painting (Picasso) and the most expensive statue (Giacometti).
The auction house Christie’s said it had sold for $ 1.72 billion of works this week in New York, his record of all time, and its competitor Sotheby’s for 893 million since its first sale of May 5 impressionist art: it is 25% more than in May 2014, with sales particularly driven by Asian collectors.
On May 11 was a historic event, with two new world records, for a painting and a statue auctioned at Christie’s.
“The Women of Algiers (v O)”, canvas of Spanish master Pablo Picasso, estimated at 140 million, was fought for 11 long minutes before easily beating the previous record held by the triptych by Francis Bacon, “Three Studies of Lucian Freud,” sold $ 142.4 million at Christie’s New York in 2013. The Picasso painting was sold 179,360,000 dollars.
A painting by Polke sold three times more
In the same special night, or only 35 works were proposed, a statue of Giacometti ” The man with the finger “became the most expensive ever auctioned statue, changing hands for 141.28 million dollars.
A painting by Chaim Soutine, “Le Boeuf”, was auctioned for 28.16 million dollars, 10 million more than the previous record for the artist of Russian origin in 2013. And Scot Peter Doig has also reached a new high at 25.92 million dollars for “Swamped”.
Tuesday is the German Sigmar Polke who set a new personal best in the contemporary art sales at Sotheby’s: one of his paintings, “Dschungel” (1967) was sold for 27, $ 13 million, three times the previous record. A huge canvas by Christopher Wool, “Riot” is partly to 29.93 million dollars, a new record for the American artist.
A Chinese collector acquired “L’Allée des Alyscamps” Vincent Van Gogh for $ 66.3 million.
Photo: AFP
And the records continued Wednesday and Thursday ” Benefits Supervisor Resting “, an oil on canvas of Columbia Lucian Freud, was sold 56.16 million dollars, a new record for the artist at the contemporary art sales at Christie’s.
On Thursday, again at Christie’s, in the impressionist and modern art sales, a Dutch painting of Piet Mondrian “Composition No. III, with red, blue, yellow and black” has been sold for 50.56 million dollars, twice its high estimate, and almost double its previous record (27,580,000 in 2009). Buyers from 34 countries have bid.
In its auction of Impressionist art on May 5, Sotheby’s also the second best night of his story in this category, including selling a Van Gogh, “L’Allée des Alyscamps” to 66, $ 3 million to a Chinese collector. A Chinese conglomerate Dalian Wanda Group has also bought a Monet, “Bassin aux Nympheas, roses” for 20.41 million dollars.
Internationalization
The collectors come from all over the world, stressed Simon Show, co-chair of the Department of Impressionist art.
The auction house said that over 30% of total purchases were from Asian buyers.
sign of internationalization, the screens that give prices during sales, gave Tuesday night at Christie’s in seven different currencies: dollars, euros, pounds, Swiss francs, yen, Hong Kong dollars and rubles.
The increasing number of museums in the world and specialized investment funds contribute to the price rise.
720 museums open this year
720 museums of over 5,000 m2 will open in 2015 in the world, growing demand, says Thierry Ehrmann, CEO of Artprice, the world leader in data of the art market. “If a museum acquires a series of masterpieces, it will quickly return on investment.”
And according to him, there is also now “thirty bank syndication companies that buy and rent works to museums in the corporate fashion that lease aircraft to airlines.”
The auction of works of art had already broken records in 2014, with global revenues of $ 15.2 billion, according to Artprice, which emphasizes that this market is currently offering yields annual 10% to 15% for works exceeding $ 100,000.
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