Underscoring the Strength of the Art Market

The Van Gogh led Christie’s $479.3 million sale that surpassed the auction house’s high presale target and posted a 95 percent increase from a similar event a year ago. Asian collectors were active.

Fernand Leger previous record of $39.2 million smashed with the sale of "Contraste de formes" for $70.1 million. 

 

Additional artist records set for René Magritte, Jean Crotti, Suzanne Duchamp, Emil Nolde, Man Ray and Edouard Vuillard evince both a broader offering and deeper bidding compared with last year’s equivalent auction. That the sale’s top ten lots were all over $10m “really underscores the strength of the market”, said Jessie Fertig, head of sale. Pablo Picasso’s portrait of his second wife Jacqueline Roque also inspired a bidding war from collectors based in Japan, Taiwan, Indonesia and Dubai, Christie’s said.  

 

 

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Andrew Wyeth Forever Stamp Released by United States Postal Service

Andrew Wyeth, one of the most prominent artists of the 20th-century — whose realistic style defied artistic trends — was commemorated today on his birth centennial with the issuance of 12 Forever stamps highlighting his paintings.  

 

The Andrew Wyeth Forever stamps were dedicated in his home town of Chadds Ford, PA. Mastering a realistic style, Wyeth (July 12, 1917 – Jan. 16, 2009) created haunting and enigmatic paintings based largely on people and places in his life, a body of work that continues to resist easy or comfortable interpretation.

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