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Art Market Blog

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  • Permalink for 'Christian Boltanski Sells Video Art Online ? artmarketblog.com'

    Christian Boltanski Sells Video Art Online ? artmarketblog.com

    Posted: 2-March-2012, 7:27pm EST by admin

    Christian Boltanski Sells Video Art Online – artmarketblog.com

    boltanski 300x177 Christian Boltanski Sells Video Art Online   artmarketblog.comIn an interesting move that reflects the growing interest in both digital art and the online purchase of fine art editions, French sculptor, photographer, painter and film maker Christian Boltanski has chosen to sell one of his films as an online  edition. The new project, titled Storage Memory, will consist of monthly installments of ten one-minute movies, made each month using a small HD camera, which will be transmitted to buyers via the internet.

    The videos can be watched separately, but will together make up, little by little, in the way of a jigsaw puzzle, a kind of self-portrait depicting his emotions and sensations, half way between the “postcard” and the “diary”, a record, as time goes by, of the transformations in his life. The artist’s wish is, by relying on Internet facilities, “to achieve contact with a large number of individuals all over the world, mach beyond the familiar circle of art fans. Buyers will receive ten films each month for twelve months.”

    According to the artist’s website: “In launching this project, Christian Boltanski opens up a new mode of contact with his audience which  relies on the resources afforded by Internet. He will communicate with all the people, wherever they may be, that would be willing to participate. To all subscribers he will send, each month, ten one-minute original films, making up, with the passage of time,a kind of self-portrait depicting his experiences and emotions, a work in progress of unknown duration which only death will put an end to.”

    STORAGE MEMORY SUBSCRIPTION

    Receive 10 ten films by Christian Boltanski, each month.

    Fee : 10 euros monthly.

    Minimal subscription: a year, 120 euros.

    At the end of my subscription, I will receive , by e-mail, a certificate of electronic property for the complete set of received films.

    The edition can be purchased at [www.christian-boltanski.com]

    **Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt Christian Boltanski Sells Video Art Online   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
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  • Permalink for 'Chinese Master Artist Xu Bangda Dies Aged 102 ? artmarketblog.com'

    Chinese Master Artist Xu Bangda Dies Aged 102 ? artmarketblog.com

    Posted: 26-February-2012, 10:32am EST by admin

    Chinese Master Artist Xu Bangda Dies Aged 102 – artmarketblog.com

    Mr. Xu Bangda passed away on Feb 23,2012 at 102 years old. Xu Bangda was born on July 7 in 1911, in Shanghai. He was an honorary member of Chinese Writers Association, the National Heritage Commission to identify Standing Committee, a famous painting and calligraphy Painter.

    The auction record for a work by the artist is RMB 9,775,000 (GBP 977,641.38) achieved by Poly Auction group in June 2011 with the work “IMITATING YUAN DYNASTY ZHANGWO?S PAINTING OF NINE SONGS FROM SONG SO FCHU”. Sold as part of their 2011 Spring Auction: An Important Selection Of Xu Bangda?S Works And His Centennial Collection, the painting went well beyond the top estimate of RMB2,800,000 – 3,800,000.

    XU BANGDA Chinese Master Artist Xu Bangda Dies Aged 102   artmarketblog.com

    image:
    4635 IMITATING YUAN DYNASTY ZHANGWO?S PAINTING OF NINE SONGS FROM SONG SO FCHU hand scroll ink on paper
    Author? XU BANGDA
    Size? 28×630cm
    Estimate?RMB 2,800,000-3,800,000
    Price? RMB 9,775,000
    Poly international Auction Co.,Ltd.
    2011-06-03

    **Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt Chinese Master Artist Xu Bangda Dies Aged 102   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
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  • Permalink for 'Museums Buy Big at ARCO Madrid 2012 ? artmarketblog.com'

    Museums Buy Big at ARCO Madrid 2012 ? artmarketblog.com

    Posted: 22-February-2012, 8:00pm EST by admin

    Museums Buy Big at Arco Madrid 2012 – artmarketblog.com

    Pablo Palazuelo Temps Blanc Museums Buy Big at ARCO Madrid 2012   artmarketblog.comAs the Latin American art market continues to strengthen, the market for Spanish art follow suit.  The success of the 2012 edition of the ARCO Madrid art fair is testament to the desire for works by artists associated with the Latin American market.

    The Reina Sofia purchased 17 works of art by fifteen artists from ARCOMadrid totaling ? 800,000, including Pablo Palazuelo’s “Temps Blanc” as well as Esteban Francés’s “Arrangez vous”.  The total list of acquired works is as follows:

    PABLO PALAZUELO
    Temps blanc, 1959
    Oil on canvas
    145 x 75 cm
    Elvira González Gallery

    ESTEBAN FRANCÉS
    Arrangez vous, 1939
    Oil on canvas
    50 x 65 cm
    Oriol Gallery

    ALBERTO GRECO
    Qué grande sos, 1961/2012
    Edition 1/10
    Photo of Sameer Makarius
    Henrique Faria Fine Art Gallery

    SANJA IVEKOVIC
    Structure, 1976-2011
    Collage: 100fotoscon handwriting
    200 x 100 cm.
    Espai Gallery Viewer

    JAMES WELLING

    Series

    B98 The Wanderer for Ella Grasso,

    1980
    Photography
    34.9 x 27.9 cm

    James Welling B3, 1980
    Photography
    34.9 x 27.9 cm

    James Welling_B17 2-29 II, 1980
    Photography
    34.9 x 27.9 cm
    34.9 x 27.9 cm
    Marta Cervera Gallery

    Series
    James Welling_46, 1984
    Gelatin silver vintage
    40.6 x 50.8 cm

    James Welling_50, 1984
    Gelatin silver vintage
    40.6 x 50.8 cm.
    Marta Cervera Gallery

    LUIS CAMNITZER
    Masacre de Puerto Montt, 1969
    Photocopy adhesive vinyl wall and floor
    Variable dimensions
    One of a kind and 1 in English
    Parra Romero Gallery

    ERLEA MANEROS
    Exercises on abstraction, 2009
    India ink on paper off-set
    8 drawings
    Mugica Racing Gallery

    ADRIÀ JULIÀ
    Installation:
    Marcus Spring Cottage, 2008
    16mm video installation, silent film in b / w 16mm, 3 min. (Loop)
    A4 paper silhouettes, c-stand, painted wall, clips

    Colts Neck township residents look over the wreckage of the 123-year-old Phalanx House which was burned yesterday morning, 2009
    Photo inkjet print on paper 28 x 35.5 cm

    A piece of History, 2009
    Photo inkjet print on paper
    28 x 35.5 cm
    Soledad Lorenzo gallery

    LEONOR ANTUNES
    Discrepancies with T.P., 2012
    Installation only
    Teak Wood
    270 x 400 cm
    Isabella Gallery Bortolozzi

    RENATE LORENZ  and PAULINE BOUDRY
    Salomania, 2009
    Installation with film 17 min and 11 photos
    Edition of 5 +2 AP
    Gallery Edb Proyects

    IRENE KOPELMAN
    Meditation Piece, 1959
    Installed in 5 rows of 6 frames (150 x 180 cm), total 30dibujosen
    28.5 x 28.5 (each frame)
    Motive Gallery

    JOSÉ DÁVILA
    Untitled ( Félix Candela), 2011
    Piezografía on photo paper
    99.6 x 351 cm. 4/5
    Galería Travesía Cuatro

    JOACHIM KOESTER
    My Frontier is an Endless Wall of Points (Aferter the Mescaline Drawings of Henri Michaux), 2007
    Film in b / w 16 mm, silent, 10 min. 24 sec. (Loop) Ed 1/5
    Elvira González Gallery

    PEP AGUT
    Distància Zero, 1994
    Acrylic, canvas for painting, screws
    216 x 300 cm
    Galería dels Angels

    Rescue attemp. Nonsense (Tentativa de salvación. Absurdo), 1994
    Wood photosensitive b / n, glass, cylindrical pedestal and turntable
    157 x 63 cm
    Galería dels Angels

    PEDRO G. ROMERO
    FX Archive: input: the house, 1999-2007
    Project is part of the empty city. With the participation of dancers
    IsraelGalván
    Video 21 min. Edition 7
    Galería Casa sin fin

    The Coca-Cola Foundation Juan Manuel Sainz de Vicuña acquired a total of 12 works by artists including Secundino Hernández and Lucia Vallejo, Cabello/Carceller, Alvaro Perdices, Dionisio González, José Guerrero, Gabriela Albergaria, José María Rosa and María Bleda, Teresa Solar, Cristina Lucas and Adriana Molder.  The new works, which will join the more than 330 works forming part of the collection, follow the line and policy of the foundation to acquire works of all media of contemporary art.

    image:

    Pablo Palazuelo’s “Temps Blanc”

    **Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt Museums Buy Big at ARCO Madrid 2012   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
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  • Permalink for 'Shame About the Bonhams Contemporary Art Sale ? artmarketblog.com'

    Shame About the Bonhams Contemporary Art Sale ? artmarketblog.com

    Posted: 15-February-2012, 3:05am EST by admin

    Shame About the Bonhams Contemporary Art Sale – artmarketblog.com

    orozoco1 494x1024 Shame About the Bonhams Contemporary Art Sale   artmarketblog.comUnable to build on the relative success of their first contemporary art sale last year which achieved a sale total of £2,042,700 with 70% of the lots sold, Bonhams only managed to sell 13 out of the 20 works on offer for a sale total of £1,107,200 during their second attempt at a contemporary art sale on the 7th of February in London. Failing to sell the top lot of the auction, Urs Fischer’s Untitled 2006 (estimate £400,000-600,000), was a bitter disappointment for the auction house as was the passing-in of Gabriel Orozco’s “Atomists: Evasive Action” (estimate £150,000 – 200,000) and Victor Vasarely’s “Canopus 1/1, 1959-1965″ (estimate £140,000 – 180,000). Bonhams also notably failed to sell the top lot at their inaugural contemporary art sale.

    The highlight of the auction was a rather underwhelming portrait of Lucien Freud by Frank Auerbach which sold for £481,250 (inclusive of Buyer’s Premium) against an estimate of £300,000 – 500,000. Fetching the second highest price of the sale was a Richard Prince photo called Untitled (Girlfriend) which only just scraped past the low estimate of £150,000 with the addition of the buyers premium for a final price of £157,250.

    One of the most intriguing lots of the sale was Gabriel Orozco’s photographic collage (number 2 of an edition of 3) of a cricketer mid-shot overlaid with a number of deconstructive abstract elements. Considering that Christie’s sold number one of the edition in 2000 for £9,988, Bonhams may have been a bit overzealous with their estimate.

    Commenting on the sale, Anthony McNerney, Head of Department, said that: “Following the inaugural Contemporary One sale in October, we were pleased with our achievements. We sold 70 percent by lot, which as a first sale in the current climate is positive. It is extremely exciting that the second sale in February will include such exceptional works, by some of the most celebrated artists of our day”

    Unfortunately for McNerney, the high regard he held for the sale was not shared by the market and rightly so considering the underwhelming collection of works on offer. Although the catalogue consisted of artist’s who can truly be called “contemporary”, and most of the works were appearing at auction for the first time, the purist approach that Bonhams seem to be taking with their contemporary art sales just doesn’t seem to be working. Although I applaud the company for trying to do something different, one doesn’t like to see an auction house achieve a poor result. Perhaps a more commercially viable, broadly appealing approach would be a better way to go. I’m sure a compromise is better than continued failure at the end of the day.

    The full auction catalogue can be viewed here:

    [www.bonhams.com]

    image:

    Gabriel Orozco (born 1962)

    Atomists: Evasive Action
    1996
    plastic coated computer-generated laser print
    201 by 96 cm.
    79 1/8 by 37 13/16 in.

    **Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt Shame About the Bonhams Contemporary Art Sale   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
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  • Permalink for 'VIP Online Art Fair Gallery Rankings ? artmarketblog.com'

    VIP Online Art Fair Gallery Rankings ? artmarketblog.com

    Posted: 9-February-2012, 12:43pm EST by admin

    VIP Online Art Fair Gallery Rankings – artmarketblog.com

    vipartfair VIP Online Art Fair Gallery Rankings   artmarketblog.comThe ability to sort the galleries exhibiting at the VIP online art fair into a list of the most popular is a useful tool for anyone wanting to know what is hot.  Here is a list of the galleries from most popular to least popular as of Thursday 9th February.  Click the gallery title to visit the gallery website.

    Gagosian Gallery
    New York

    Victoria Miro
    London

    Marian Goodman Gallery
    New York, Paris

    Xavier Hufkens
    Brussels

    James Cohan Gallery
    New York, Shanghai

    Corkin Gallery
    Toronto

    GALLERIA CONTINUA
    San Gimignano, Beijing, Le Moulin

    Lehmann Maupin Gallery
    New York

    Alexander and Bonin
    New York

    Leila Heller Gallery
    New York

    David Zwirner
    New York

    ShanghART
    Shanghai, Beijing

    Marianne Boesky
    New York

    Pace Prints
    New York

    White Cube
    London

    Fraenkel Gallery
    San Francisco

    Galerie Thaddaeus Ropac
    Paris

    Luhring Augustine
    New York

    Hauser & Wirth
    New York, London, Zurich

    The Pace Gallery
    New York, Beijing, London

    i8
    Reykjavik

    Peter Blum Gallery
    New York

    GALLERY HYUNDAI
    Seoul

    Galerie Lelong
    New York, Paris

    Brooke Alexander Gallery
    New York

    Galerie Max Hetzler
    Berlin

    Galerie EIGEN + ART
    Leipzig, Berlin

    Tucci Russo
    Torre Pellice (Turin)

    Goodman Gallery
    Johannesburg

    Stephen Friedman Gallery
    London

    Barbara Krakow Gallery
    Boston

    Galeria Nara Roesler
    São Paulo

    Roslyn Oxley9 Gallery
    Sydney

    Galerie Krinzinger
    Vienna

    Galerie Gmurzynska
    Zurich, St. Moritz, Zug

    Yvon Lambert
    Paris

    Alan Cristea Gallery
    London

    BERNIER/ELIADES
    Athens

    Galería Elba Benítez
    Madrid

    A Gentil Carioca
    Rio de Janeiro

    ANNA SCHWARTZ GALLERY
    Melbourne, Sydney

    Moeller Fine Art
    New York, Berlin

    Galerie Thomas Modern
    Munich

    Paul Kasmin Gallery
    New York

    Van de Weghe
    New York

    Haines Gallery
    San Francisco

    Ana Cristea Gallery
    New York

    Galeria Filomena Soares
    Lisbon

    John Szoke Editions
    New York

    Galerie Daniel Templon
    Paris

    Eleven Rivington
    New York

    Gallery Maskara
    Mumbai

    Rachel Uffner Gallery
    New York

    Dirimart
    Istanbul

    Galeria Luisa Strina
    São Paulo

    Luis Adelantado
    Mexico City, Valencia

    Ben Brown Fine Arts
    London

    Mendes Wood
    São Paulo

    Fortes Vilaça
    São Paulo

    Yancey Richardson Gallery
    New York

    ARTMIA Gallery
    Beijing

    Texte zur Kunst
    Berlin

    Greenberg Van Doren Gallery
    New York, St. Louis

    Galerie Urs Meile
    Beijing, Lucerne

    James Goodman Gallery
    New York

    Kate MacGarry
    London

    Casa Triângulo
    São Paulo

    Galería OMR
    Mexico City

    Lombard Freid Projects
    New York

    ARNDT
    Berlin

    Annet Gelink Gallery
    Amsterdam

    Galerie Nathalie Obadia
    Paris, Brussels

    kaufmann repetto
    Milan

    Galerie Nächst St. Stephan Rosemarie Schwarzwälder
    Vienna

    Serpentine Gallery
    London

    Leo Castelli Gallery
    New York

    Fondation Cartier pour l’art contemporain
    Paris

    Galleria Raffaella Cortese
    Milan

    Winkleman Gallery
    New York

    Galerie Michael Janssen
    Berlin

    x-ist
    Istanbul

    Carbon 12
    Dubai

    Ota Fine Arts
    Tokyo

    UNTITLED
    New York

    Galeria Raquel Arnaud
    São Paulo

    Lisa Cooley
    New York

    Rhona Hoffman Gallery
    Chicago

    Ruth Benzacar Galería De Arte
    Buenos Aires

    The Guild
    Mumbai

    ltd los angeles
    Los Angeles

    Chemould Prescott Road
    Mumbai

    Independent Curators International
    New York

    Limoncello
    London

    Johann König
    Berlin

    Galleria Massimo Minini
    Brescia

    IBID PROJECTS
    London

    The Renaissance Society
    Chicago

    Galerie Thomas Zander
    Cologne

    Leo Koenig Inc.
    New York

    James Fuentes
    New York

    Gonzalez y Gonzalez
    Santiago

    Galeria Millan
    São Paulo

    Galerie Bob van Orsouw
    Zurich

    Whitechapel Gallery
    London

    Brand New Gallery
    Milan

    IGNACIO LIPRANDI ARTE CONTEMPORANEO
    Buenos Aires

    EIKON – International Magazine for Photography and Media Art
    Vienna

    Chambers Fine Art
    New York, Beijing

    CCA Wattis Institute for Contemporary Arts
    San Francisco

    Postmasters
    New York

    THE LOFT at Lower Parel
    Mumbai

    PKM Gallery
    Seoul

    BISCHOFF/WEISS
    London

    Pierogi
    Brooklyn

    Salon 94
    New York

    Pékin Fine Arts
    Beijing, Hong Kong

    Christine Koenig Galerie
    Vienna

    Rawson Projects
    New York

    The Third Line
    Dubai

    Lawrie Shabibi
    Dubai

    Galerie Tschudi
    Zuoz

    LABOR
    Mexico City

    ONE AND J. Gallery
    Seoul

    Elizabeth Dee
    New York

    Galerie Thomas Schulte
    Berlin

    Rhizome
    New York

    Parkett
    New York, Zurich

    Richard L. Feigen & Co.
    New York

    Mai 36 Galerie
    Zurich

    Rossi & Rossi
    London, Hong Kong

    Dvir Gallery
    Tel Aviv-Jaffa

    Galeria Joan Prats
    Barcelona

    The Fruitmarket Gallery
    Edinburgh

    STPI
    Singapore

    Ullens Center for Contemporary Art
    Beijing

    **Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt VIP Online Art Fair Gallery Rankings   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
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  • Permalink for 'Latest Art Market Internet Startups ? artmarketblog.com'

    Latest Art Market Internet Startups ? artmarketblog.com

    Posted: 5-February-2012, 2:34pm EST by admin

    Latest Art Market Internet Startups – artmarketblog.com

    startup Latest Art Market Internet Startups   artmarketblog.comHere is a list of the best new art market internet startups:

    my-artmap

    [www.myartmap.de]

    my-artmap is a social network and the social network for art & the art market. Members are persons or institutions who deal professionally with art and the art market (auction house, commercials, galeries, museums, exhibitions) and private persons who are interested in art. They all have through my-artmap the chance to talk about art, to show and to share art, as well as to inform themselves about current exhibitions, appointments etc. The network my-artmap claims to establish the worldwide leading social network for art & the art market. Currently my-artmap is available in 7 different languages and provides an unique network which will be expanded by more languages and functionalities.

    Artolo

    [www.artolo.com]

    The visual art world reinvented, rebooted and made accessible to all.

    An online platform that allows you to discover and purchase work ANYWHERE, be it your local cafe, an artist studio near your holiday destination or in the basement of a well-established gallery.

    A place where ANYBODY can resell work from a piece by a friend to a Monet discovered in the attic.

    And a place where EVERY artist will have all the tools they need to present their work, connect with the right audience and manage the process of a sale. The art world will never be the same.

    ArtBinder

    [www.artbinder.com]

    ArtBinder?s mission is to offer galleries a brilliant way to display a curated selection of their works.

    ArtBinder provides galleries with an elegant iPad solution with intuitive tools to streamline the sales and presentation experience.

    Ocula

    [www.ocula.com]

    Ocula presents leading contemporary galleries in Australia and New Zealand in one place.
    On Ocula you can browse the latest exhibitions, explore a gallery stockroom, and discover
    works by artists they represent.

    Ocula online art auctions offer exciting opportunities to buy art in a new way. Prospective bidders
    can access comparable sales data, artist?s profiles and provenance all at the click of a mouse.
    High-resolution images ?reveal details, a zoom tool gets you up close and many artworks offered
    can be viewed prior to and during an auction at ?our gallery in Auckland. Or you can use our virtual
    gallery which offers 3D viewing of the works.

    Artfinder

    [www.artfinder.com]

    At Artfinder.com you can explore our huge gallery of works (from over 400 museum and gallery collections), build your own art profile, collect the art you love, and share it with your friends.

    The more Artfinder learns about the works you like, the better it can recommend similar art for you to discover, and connect you with other Artfinder users who share your tastes.

    Collectrium

    [www.collectrium.com]

    Founded by Boris Pevzner in 2009, Collectrium is a New York-based company providing innovative technology for organizing, discovering, sharing, and promoting art on the web and mobile devices, including the revolutionary ArtCapture and virtual wall tools. Over time, the Collectrium team?which has extensive expertise in the fields of technology, finance, and the fine and decorative arts?will offer collectors and galleries integrated services for art storage, appraisals, financing and other needs.

    Artnetbook

    [www.artnetbook.com]

    Artnetbook is a web-based art management solution, art management web tool to manage, market and sell your arts online. Manage your arts on the web from anywhere in the world!

    Artnetmarket will allow art people, artists, art galleries, to freelty join online artnetbook.com art community and add profiles for free.

    The idea of ArtMap lays in the systematic interactive map with thorough art directory. Visitors will be able to find and search for the different part of art world services provided by different institutions.

    **Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt Latest Art Market Internet Startups   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
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  • Permalink for 'Record Rise for Orientalist Paintings ? artmarketblog.com'

    Record Rise for Orientalist Paintings ? artmarketblog.com

    Posted: 27-January-2012, 7:19pm EST by admin

    Record Rise for Orientalist Paintings – artmarketblog.com

    edward lear1 Record Rise for Orientalist Paintings   artmarketblog.comAs the art market continues to rebound, and new buyers continue to emerge from the middle east, the demand for top orientalist paintings has risen significantly over the last twelve months.  Exceeding the market high seen during the 2007/2008 boom, the prices being paid for the work of many orientalist artists have reached record highs. Christie’s 26 January 2012 Old Master & Early British Drawings & Watercolors held at the Rockefeller Plaza in New York saw the fifth highest auction price achieved for British/Italian artist Edward Lear whose orientalist watercolour painting Montenegro - a group of figures in a mountainous landscape – shot past the $120,000 – $180,000 estimate for a final price of $422,500.  Previously sold by Christie’s for US$93,400 (excluding premium) in 1992, the painting then passed to the vendor through Artemis, London in 1996.  Lear’s View of Gwalior, India, 1880 also sold well fetching  $170,500 against an estimate of $50,000 – $70,000.

    Over at Bonhams, a new auction record was set for Russian artist Vasilii Dmitrievich Polenov with an orientalist inspired painting titled He that is without sin from the artist’s The Life of Christ series.  Estimated to sell for £1,200,000 – 1,800,000, this epic painting by one of Russia’s greatest artists sold for £4,073,250 during Bonham’s The Russian sale held on the 30 Nov 2011 in London.  Earlier in the year, on the 6th of June, Sotheby’s achieved a new auction record for one of Polenov’s contemporaries, Vasily Vasilievich Vereschagin, whose orientalist painting of the Taj Mahal sold for £2,281,250 against an estimate of £250,000 – 450,000.

    According to French auctioneers Artcurial, they were the world leader in orientalist paintings in 2011, posting a turnover total of 5 million euros for the year.  Artcurial set four orientalist auction records during 2011 including:

    • La Kasbah rouge by Jacques Majorelle, 1924, sold for ?1,315,818 on 9 June 2011;
    • A work on paper by Alexandre Roubtzoff, sold for ?60,020 on 9 June 2011, reaching a record of ?434,300, on 8 June 2010 for an oil painting from 1935, la Bédouine de Tunis;
    • La Tikka, l?heure du thé by Edouard-Léon-Louis Edy-Legrand, sold for ?378,494 on 9 June 2011;
    • Les Beautés de Marrakech by Lucien Levy-Dhurmer, pastel on paper, sold for ?297,900 on 18 December 2011.

    image: Montenegro by Edward Lear

    **Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt Record Rise for Orientalist Paintings   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
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    share save 256 24 Record Rise for Orientalist Paintings   artmarketblog.com

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    3. The Rise of Victorian Paintings Pt. 3 – artmarketblog.com
  • Permalink for 'Jan 2012 Art Market Blog Press Update ? artmarketblog.com'

    Jan 2012 Art Market Blog Press Update ? artmarketblog.com

    Posted: 19-January-2012, 7:58pm EST by admin

    Jan 2012 Art Market Blog Press Update – artmarketblog.com

    la Frederick HAMMERSLEY 300x300 Jan 2012 Art Market Blog Press Update   artmarketblog.comJust a few recently published articles that I wrote.  Hope you enjoy !!

    In Recognition of an LA-Centric Art Market Trend

    http://www.fabrikmagazine.com/content/in-recognition-of-an-la-centric-art-market-trend/

    Latest London Contemporary Art Auction Roundup

    http://www.arterynyc.com/2011/12/october-2011-london-contemporary-art-auction-roundup/

    Pearls prove a collectors best friend

    [www.worthpoint.co.uk]

     

    image: Painting by Frederick Hammersley

     

    **Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt Jan 2012 Art Market Blog Press Update   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
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    share save 256 24 Jan 2012 Art Market Blog Press Update   artmarketblog.com

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    1. Art Market Blog Press Update – artmarketblog.com
    2. Art Market Blog – Favourite Artist Update
    3. Art Market Blog – Art Collection Update 1
  • Permalink for 'Singapore to Conquer French Contemporary Art Market ? artmarketblog.com'

    Singapore to Conquer French Contemporary Art Market ? artmarketblog.com

    Posted: 13-January-2012, 6:41pm EST by admin

    Singapore to Conquer French Contemporary Art Market – artmarketblog.com

    art stage singapore1 300x199 Singapore to Conquer French Contemporary Art Market   artmarketblog.comHaving focused recent posts on the Southeast Asian art market, I found it particularly interesting that Artprice have announced that Singapore should soon overtake France in the field of Contemporary art sales.  Although 2011 was a better year for France than 2010, the French art market is still lagging behind other major art market centres.  Currently fourth in world art market rankings, France may be heading further down the list if Singapore continues to rise through the ranks.

    Evidence of the growing profile of Singapore as an art market hub is the success of the Art Stage Singapore art fair first held in 2010 and currently taking place in Singapore from the 12th to the 15th of January.  According to their website: “Art Stage embraces Singapore?s unique position as a bridge between the East and the West in a celebration of both emerging new regional artists and international superstar names.”  The inaugural edition of the fair attracted 121 galleries from 26 countries and regions, and 30 special projects, with the number of visitors hitting 32,000.  This year, the show will host 120 exhibitors from 18 diverse nations and will be introducing 50 special projects. Adding to the hype of the 2012 edition of the fair is the inclusion of major international galleries such as White Cube, Haunch of Venison and Victoria Miro.

    What first alerted me to the importance of Singapore to the market for Southeast Asian art was the number of works by Indonesian and Filipino artists being sold by Singaporean auction houses.  The main auction houses with a presence in Singapore are Masterpiece Fine Art Auction, Borobudur Auction, Larasati Auctioneers and 33 auction.  Enticing bidders with the lowest buyers premium in Singapore of between 10% – 12%, 33 auction auction have proven to be one of the main players in the Singapore art market.  Having moved major sales of modern and contemporary South-East Asian paintings from Singapore to Hong Kong in 2007, both Christie’s and Sotheby’s may now be regretting this move.  The move did, however, allow the regional auction houses to gain a foothold that has resulted in a strong regional art auction market that continues to grow.

    Without the same high profile as artists coming out of Indonesia and the Philippines, Singaporean contemporary artists still have a long way to go before they catch up to the success of Singapore as a destination for Southeast Asian art.  But, with the way the Singapore art market is heading, it may only be a matter of time before we see some big prices for Singaporean artists – and the French being left behind by the Singapore art market machine.

    **Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt Singapore to Conquer French Contemporary Art Market   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
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  • Permalink for 'Why Indonesian Artists are Hot Property ? artmarketblog.com'

    Why Indonesian Artists are Hot Property ? artmarketblog.com

    Posted: 6-January-2012, 5:02pm EST by admin

     Why Indonesian Artists are Hot Property – artmarketblog.com

    Ngaso Why Indonesian Artists are Hot Property   artmarketblog.comMy previous post revealed some recent auction results that suggest that the market for the work of some of Indonesia’s top artists is gaining strength.  One of the factors that has contributed to the strength and resilence of the market for Indonesian art is the existence of a cross cultural dialogue between east and west that is due to the Dutch colonisation of Indonesia that ended in 1942.  This dialogue is not limited to the influence of Eestern art on Indonesian artists; many Western born artists such as Walter Spies, Theo Meier, Le Mayeur de Merprès and Hofker spent time in Indonesia and produced work that was heavily influenced by Indonesian society and culture.  An indication of the close connection between the Netherlands and Indonesia  is the partnership between Larasati, an Indonesian auction house, and Glerum, an Amsterdam based auction house.  In 1990 Glerum  became the first Dutch auction house to organize specialist auctions of Dutch colonial and modern Indonesian art.  Their first joint sale with Larasati in 2000 resulted in a new world record W.G. Hofker when the artist’s ?Ni Noneh?, offered by a collector in the Netherlands, sold for ? 386,000.  Also achieving a high price was a work by Hendra Gunawan titled ‘Fruit Seller’ which soared past the Rp 180 ? 240 million estimate for a final price of Rp 550 million.

    Although the frequency of high prices has not reached 2008 levels, the prices being achieved for the work of many Indonesian artists have, importantly, not gone down – and in some cases, have continued to increase. 2011 proved one of the best years for Indonesian art since 2008 with many new auction records set.  An example of the demand for works by Indonesian artists was Christie’s November 27 Asian 20th Century Art (Day Sale) in Hong Kong which saw some excellent prices achieved for works by Indonesian artists.  The seventh highest price of the sale went to S. Sudjojono’s ‘Ngaso’ which blitzed the 800,000 – 1,200,000 HKD (102,612 – 153,919 USD) estimate for a final price of 3,860,000 HKD (495,106 USD). Hendra Gunawan’s ‘Bathing by the river’ achieved the tenth highest price of the sale with a final price of 3,620,000 HKD (464,322 USD) against an estimate of 700,000 – 1,000,000 HKD (89,786 – 128,265 USD).

    Christie’s November 26 Asian 20th Century Art (Evening Sale) in Hong Kong again produced some stellar results for Indonesian art.  Adrien Jean Le Mayeur de Merprés’ ‘Three dancers in the garden ‘ produced the fifth highest auction price for the artist selling for 7,940,000 HKD (1,018,431 USD) against an estimate of 2,700,000 – 3,700,000 HKD (346,318 – 474,584 USD).  ’Barong dance’ by Indonesian born artist Affandi achieved 4,220,000 HKD (541,282 USD) against an estimate of 1,800,000 – 2,500,000 HKD (230,878 – 320,664 USD) – the second highest price for the artist at auction.

    Although the market for Indonesian art centres around the work of more established artists, there is still considerable interest in younger contemporary Indonesian artists.  A retrospective exhibition of the work of contemporary Indonesian artist Heri Donow was held at the Tropenmuseum in Amsterdam in 2009 and represented an important recognition of the global relevance of contemporary Indonesian art.  According to the Tropenmuseum: “Dono can truly be called a glocal artist: a term which contracts the words local and global. The story of his images is about the changing face of Indonesian society that is not separate from developments in the rest of the world. This story is meant for a broad audience; though it is coded (criticizing politicians has long been a dangerous activity), it recognizable and accessible. Glocal art shows how local sources can still nourish artists in a time of globalization to say something about the world around them. Dono dislikes the distinction between high art and low art. He never literally copies traditional art; he plays with the image material in a personal style influenced by various European artists such as Matisse and Picasso, and artistic trends such as Cobra, nouveau réalisme and fluxus.”

    Overall, the high auction prices being achieved for Indonesian artists combined with the significant number of works by Indonesian artists that frequently exceed the auction estimate suggests that works by such artists are currently undervalued.  As Asian buyers continue to become more wealthy and more interested in collecting art, and Western buyers continue to search for undervalued and untapped sources of “new” art, the work of Indonesian artists is likely to only become more popular.

    image:

    ‘Ngaso’ by S. SUDJOJONO
    (Indonesian, 1914-1986)

    **Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt Why Indonesian Artists are Hot Property   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.



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         Ngaso

    Description         S. SUDJOJONO

    (Indonesian, 1914-1986)

    Ngaso

    signed ‘S. Sudjojono’ (lower right); signed with artist’s monogram, titled and dated ‘Ngaso 1964′ (lower centre)

    oil on canvas

    140 x 100 cm. (55 1/8 x 9 3/8 in.)

    Painted in 1964

    Medium               oil on canvas

    Year of Work      1964

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