Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Wine & Historic Cars Outpace Art

June 24, 2011 by Marion Maneker

The Financial Times ran a little data on the luxury market to discover that Historic Autos and Wine remain strong even as the art market seems to have hit s bit of speed bump:

Camille Pisarro’s “Paysanne Bêchant (Peasant Woman Digging)” of 1882, a brightly coloured oil painting, had sold for $1.8m in New York in 2007, when the art market was reaching its most recent peak. But last month it failed to attract bids within its London estimate of £1.8m-£2.5m and remained unsold. Likewise, “The Sailboat”, a painting by Natalia Goncharova, the Russian cubo-futurist, did not reach the lower end of its estimated price of £2.5m-£3.5m (after a 2008 sale of £1.5m) […] The failure of these works to sell is perhaps not surprising, given that they were offered for auction at considerably higher prices than what they sold for at the market’s peak.

FT Wealth Indices: June 2011 (Financial Times)

More from Art Market Monitor

  • Contemporary Art 2009 Auction Surprise ArtistsContemporary Art 2009 Auction Surprise Artists
  • Christie’s Frieze Evening = £54.5m ($88.1m)Christie’s Frieze Evening = £54.5m ($88.1m)
  • Records for Rediscovered Jan Davidsz. de Heem, Domenico Ghirlandaio Top Christie’s $31 M. Old Masters AuctionRecords for Rediscovered Jan Davidsz. de Heem, Domenico Ghirlandaio Top Christie’s $31 M. Old Masters Auction
  • Art Dubai SalesArt Dubai Sales
  • Irving Penn's Assistant SellsIrving Penn's Assistant Sells
  • Direct from Exhibition Loan to Auction Block, Where’s the Conflict?Direct from Exhibition Loan to Auction Block, Where’s the Conflict?

Filed Under: General

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...