Acquavella wants a Geldzahler premium for its Hockney at ABHK; Saffronart gets $3.7m for Gaitonde; Sotheby's $45.7m Asia Week haul; Skinner sells $1000 cloisonne plate for $315k.
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Acquavella’s $15m Hockney at Art Basel Hong Kong
Artnews announced that Acquavella galleries is bringing a 1985 portrait of Henry Geldzahler to Art Basel Hong Kong with a $15m price tag. Even assuming the painting would be sold for a 20-30% discount, the price would dwarf anything paid for a work in this style and from the mid-80s. In 2014, a 7-ft long 1988 painting Table with Conversation made $2.8m in a London auction. Though a much smaller work from 1989 sold in November of 2017 for $4.8m after it was included in the Tate retrospective. That work was also a landscape and had been in Robert Rowan’s collection at one time. Just this past November, a diptych on paper, A Visit with Mo and Lisa, Echo Park from 1984 was sold for $2.6m.
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