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ArtBasel Sales, $45m Gagosian Edition

June 20, 2011 by Marion Maneker

Bloomberg catches a few ArtBasel datapoints worth noting:

  • Gagosian sold $45 million of art within the first quarter of an hour, said two dealers with knowledge of the matter, who declined to be named.
  • Cattelan’s 2002 sculpture of two New York policemen, “Frank and Jamie,” priced at $3 million, was among sales by Gagosian at the June 14 VIP preview, said dealers. Two examples of this edition of four sold at auction for about $1.6 million in 2010.
  • Geneva-based Galerie Krugier & Cie. offered three Picasso oils priced at a total of $52 million. Though at least two smaller Picasso works found buyers for undisclosed prices, the big-ticket oils were still available as the 42nd fair ended.

Big Spenders Lift Contemporary Art Back to Peak at $1.8 Billion Basel Fair (Bloomberg)

 

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Filed Under: Art Fairs Tagged With: ArtBasel

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