Art Market Monitor

Global Coverage ~ Unique Analysis

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

Stefan Simchowitz Shifts Gears in London

October 16, 2015 by Marion Maneker

Simchowitz Clients

Stefan Simchowitz made a name for himself as a renegade dealmaker in the volatile market for emerging artists. But this week in London he has gotten much more attention for bidding on established artists. Most art advisors and dealers like to keep their clients privacy. But Simchowitz isn’t like others, is he? So it should not be a surprise that he took to Instagram to celebrate his purchases last night with his clients (above) whom he describes as “my Lebanese, Jordanian and Kuwaiti clients. All collecting emerging contemporary. The interest for art is far and wide.”

And here’s what he bought last night at Sotheby’s for his clients from Judd Tully’s report:

There were also some surprises in terms of bidders as Los Angeles emerging art guru Stefan Simchowitz, hard to miss in the first row, bought two works of a very different nature, Anselm Kiefer’s jumbo-scaled, mixed-media “Die Ungeborenen,” from 2013, for £1,085,000/$1,679,580 (est. £350-450,000) and Sean Scully’s “Enter Yellow,” from 1999, which made £557,000/$862,236 (est. £350-450,000).

“There’s no weakness in the market,” said Simchowitz as he exited the salesroom. “There’s a huge expanding interest growing outside of this zip code zone and I think it’s healthy.” Referring to the just acquired Kiefer for a client, Simchowitz noted, “Kiefer is undervalued and you can buy 10 for the price of one Richter squeegee painting.” Self-serving or not, the statement makes sense.

Sotheby’s Italian Art & Contemporary Sales Bring $118.8M (BLOUIN ARTINFO)

More from Art Market Monitor

  • Some Questions About the RoseSome Questions About the Rose
  • Christie's Dubai Sale (Subscribers Only)Christie's Dubai Sale (Subscribers Only)
  • "Some Day Your Plinth Will Come""Some Day Your Plinth Will Come"
  • Christie’s Frieze Week Sales Aim for Major Auction EventChristie’s Frieze Week Sales Aim for Major Auction Event
  • Pressed Against the GlassPressed Against the Glass
  • Warhol v Calder: Who’s the More Reliable Seller?Warhol v Calder: Who’s the More Reliable Seller?

Filed Under: General

About Marion Maneker

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

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • British Modernists Draw Deep Bidding in Christie's $42 M. London Sales
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • How to Chant Like an Auctioneer
  • Tony Podesta's Secret Art Buying
  • $10 M. Picasso Portrait Unseen for Decades to Sell at Bonhams
  • Collection of Texas Heiress Anne Marion Expected to Fetch $150 M. at Sotheby’s
  • Vienna Secession Painting, Long Thought to Be Lost, Sets a Record at Auction
  • Tracey Emin Neon Lights Up Sotheby's 'Contemporary Showcase' Pop-Up
  • 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