The Art Newspaper’s Nicholas Smirnoff records some sales from the 197 galleries (29% of the Spanish) at ARCO in Madrid:
- Galerie Lelong: a 2010 painted collage by Jane Hammond for €27,000 and a 2008 drawing by Jaume Plensa for €45,000
- Helga de Alvear: a Giacometti-inspired sculpture by Elmgreen & Dragset L’Homme qui ne Marche Plus from 2009 for €55,000 to a Belgium collector and a black-and-white photograph by Santiago Sierra for €25,000 to the Spanish Fundación María Cristina Masaveu Peterson in Asturias.
- Marlborough Gallery: a painting by Manolo Valdés for €268,000 and one by RB Kitaj for €197,500, both to European collectors.
Georgina Adam puts a few more sales in her Financial Times column:
- Soledad Lorenzo reported at least six sales on the first morning and a reserve on Tapiès’ “Escala, Espaca” (2005), priced at €324,000
- Lelong sold a couple of works on the first day, a butterfly-encrusted canvas by Jane Hammond (€27,000) and a work by Jaime Plensa (€45,000)
- Edward Tyler Nahem quickly found a buyer for one of four Antonio Sauras from a private collection (priced at $120,000-$250,000).
Optimism Returns to Madrid’s ARCO (The Art Newspaper)
The Art Market: Return of the Boomers (Financial Times)
