What Did Sotheby’s & Christie’s Evening Sales Have in Common?: Both the Old Master work and the Formula 1 Ferrari had some of the more active and intense bidding in each evening sale. Artnet’s Brian Boucher asked some old school collectors about it: “As Miami collector Mera Rubell put it after the sale, ‘The car did not beat the Leonardo.’”. …
Christie’s Contemporary Art Day Sale = $104m: Up ~65% from the previous year,
- Post-War and Contemporary Art Morning Session – $62,262,625 (86% by lot)
- World auction records set by: Morris Louis
- Post-War and Contemporary Art Afternoon Session – $42,097,000 (87% by lot)
- World auction records set by: Magdalena Abakanowic, Karin Mamma Andersson, Edmund de Waal, Sari Dienes, Tom Otterness, Donald Roller Wilson, David Wojnarowicz, Martin Wong
Leonardo’s Salvator Mundi Got You Interested in Investing in Art? Hope You’ve Got 500 Years to Wait: The Wall Street Journal’s investing columnist Jason Zweig sat down with a pencil to work out whether Leonardo’s Salvator Mundi was a good investment. Over 500 years, he found, the painting had a 1.35% annual return.
