Art Market Monitor

The Master, Judd Tully, is on the ground at TEFAF and already toting up the sales:

• Clive Head’s photo-realist oil painting of a South Kensington cafe, Coffee at the Cottage Delight, at London’s Marlborough Gallery for £120,000.

• New York/London/Zurich Hauser & Wirth as Eva Hesse‘s expressionist painting, No Title from 1960, at 36-by-36 inches, sold for $750,000 and Berlinde de Bruyckere‘s Untitled figurative sculpture of an impaled male torso from 2010 in wax, epoxy and wood sold for €170,000. On a smaller scale, Subodh Gupta‘s 2009 black bronze, Et tu, Duchamp, from an edition of 10 plus two artist proofs sold for €120,000.

• New York’s Jack Kilgore, who sold Marten Pepyn’s Saint Cecilia, an oil on panel from circa 1600, which had an asking price of $143,000, and Georges Clarin’s Naiades et Centaures dans les Vagues, from the late 19th century, which carried an asking price of $110,000.

• New York’s Haunch of Venison sold Andy Warhol’s “Marilyn Monroe” — a complete, 10-part portfolio of screen prints from an edition of 250 published in 1967 — for $1.5 million, to a Northern European collector

• Jean-Michel Basquiat’s brawny Busted Atlas 2, from 1982, an acrylic on canvas mounted on tied wooden stretcher bars with twine, [...] sold at the booth of New York’s Van de Weghe Gallery to a German collector for $2.2 million.Van de Weghe also sold two small, untitled Alexander Calder painted sheet metal and wire sculptures, from 1964 and 1974, at €240,000 and $550,000, respectively, as well as Duane Hanson’s life-size Security Guard, from 1990, a bronze statue polychromed in oil and adorned with mixed media and other accessories, for approximately $595,000, to a Belgian collector.

• Sperone Westwater sold Malcolm Morley’s jaunty Crashed in Ocean, Survived, from 2009, measuring 93 by 72 inches and executed in oil on linen with string and paper attachments, to a Belgian collector for $300,000, and a new uber-realistic painting by Jan Worst, Stern Attachment, featuring a baroque interior and a glamorously dressed woman seen from the back, to a Dutch collector, for €90,000.

• London’s Waterhouse & Dodd, [...] featured a single contemporary work (which TEFAF rules allow), a large-scaled C-print photograph by Jean-Francois Rauzier, Versailles, from 2010, which was made in an edition of eight. The gallery sold every one of the works, at $25,000 apiece, on Thursday.

TEFAF Tees Off (ArtInfo.com)

Heavy Traffic at TEFAF (ArtInfo.com)

Also of Interest:

• Last-Minute TEFAF Theft & Sales
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• Cranach Cracks Open TEFAF
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• Green Dots at TEFAF
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• TEFAF Tallies
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• TEFAF Sells Art for 30% Off
  Bloomberg’s Scott Reyburn declares a blanket 30% drop in the price level at TEFAF: “Tefaf is an Eldorado of billionaires,”...