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Art Miami 2018 Sales Report

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MIAMI, FL – DECEMBER 04: Guests line up outside of Art Miami VIP Preview, CONTEXT Art Miami VIP Preview at Art Miami Pavilion on December 4, 2018 in Miami, Florida. (Photo by Jason Koerner/Getty Images for Art Miami)

The sales at Art Miami seem to keep growing. In their new location for a second year, the fair may be best suited to anchor Miami Art Week with its accessible price points and popular material.

Berry Campbell Gallery

  • sold Desert Wall, Cave #96, 1986 for $175,000 and Horses at Pech-Merle (Cave #20), 1984 for $95,000, both by Elaine de Kooning
  • Untitled, 1975 by Larry Poons for $80,000
  • 7-X-79, 1979 by Alfonso Ossorio for $75,000
  • Villanova, 1990 by Dan Christensen for $65,000
  • Unctionpaleinbalmofsnows, 1979 by Stanley Boxer for $55,000
  •  Imola Three IV (Circuit Series), 1984 by Frank Stella for $35,000
  • All prices listed are retail

ARCHEUS / POST-MODERN

  • “We made a large number of sales in the sub-$100,000 bracket, particularly for the work of David Hockney with five rare prints selling, including his ‘Coloured Flowers made of Paper and Ink.’ Other artists selling in this range included Ed Ruscha, Lynn Chadwick, Bridget Riley, Yuko Nishimura, Jesús Rafael Soto, Jonas Wood and a sculpture by young Belgian artist Saskia De Tollenaere, whose sculptural homage to Frida Kahlo was bought by an important corporate collection.”

Galerie Terminus

  • placed Women, 2007 by Sigmar Polke for $3.8-million dollars
  • Knüpfung mit Kieselsteinen, 1970 by Herbert Zangs for $46,000

Osborne Samuel Gallery 

  • sold Henry Moore’s Reclining Figure, 1946 for approximately $1-million dollars.

Michael Schultz Gallery

  • sold Electric Chair Series, 1973 by Andy Warhol for $540,000
  • Flieg Vogel Flieg, 2018 by Cornelia Schleime for $77,000
  • Flag, 2018, by Udo Nöger for $67,000
  • two works by SEO: Die Faltung der Wirklichkeit, 2017, for $64,000 and Untitled, 2017 for $60,000

Cernuda Arte 

  • more than 20 sales, including Fish, 1955, by Amelia Peláez for $500,000, How Can I Escape from Time, 2006, by Miguel Florido
  • Path to Perfection, 2007, by Sandro de la Rosa
  • a piece by Manuel Mendive, a piece by Roberto Diago
  • two works by Irina E. Gonzalez

Hollis Taggart

  • placed 15 works in total, including a 1956 watercolor by Sam Francis for more than $500,000
  • two Alexander Calder works for approximately $100,000 each
  • a Theodoros Stamos piece for approximately $100,000
  • a Ron Gorchov for approximately $50,000 range
  • two small sculptures by Pablo Atchugarry for $40,000 and $55,000
  • a small Mark Tobey work on paper for $40,000
  • two Michael (Corinne) West works for $40,000 and $30,000.

Emmanuel Fremin Gallery

  • placed 22 pieces totaling $400,000 in sales, including seven works by Drew Tal.

Nikola Rukaj Gallery 

  • pieces from Alex Katz’s Coca-Cola Girls series for more than $150,000

VERTES 

  • sold a work by Sam Francis priced at approximately $120,000

CHASE CONTEMPORARY 

  • paintings by Liu Shuishi for approximately $100,000
  • a Peter Beard for $90,000
  • an Ole Aakjær for approximately $30,000

Sims Reed Gallery 

  • prints of Le Cow-boy, Le Cirque, Le Clown, and L’Enterrement de Pierrot from Henri Matisse’s iconic Jazz series for a total of approximately $100,000
  • Andy Warhol’s Electric Chair, screen print in colors, 1971
  • several works David Hockney, Bridget Riley, Terry Frost, Humphrey Ocean and Declan Jenkins

Grosvenor Gallery 

  • Humming Birds, 2018, by Senaka Senanayakefor $80,000

Pan American Art Projects

  •  Untitled, 1985 by Louise Nevelson for $75,000

JONATHAN FERRARA GALLERY 

  • sold six different works from Skylar Fein’s Giant Metal Matchbooks series, 2016-2017, for a total of $60,000

Andrea Schwartz Gallery

  • Dream ⅕ by Julian Voss-Andreae for $58,000
  • Champagne Supernova by Piero Spadaro
  • Stacked by Tim Yankosky

RUDOLF BUDJA GALLERY 

  • placed Reincarnation, 2018 by Wulf Treu for $55,000.

AMS – XS 

  • sold Nicolás Radic’s Aluminio, 2018, for $40,000, and Aluminum folded, 2018.

Onishi Gallery 

  • sold Innocent Forest 06, 2018 for $30,000
  • Blood 4, 2017 by Shun Sudo
  • Rising Dragon, 2017 by Tokuda Yasokichi IV
  • Glumon #0.1.1, 2016 by NAOYA
  • POI 01, 2018 by Yusuke Ochiai

David Klein Gallery

  • placed Sphinx, Chimera, and Dangerous Liaisons, all 2018 by Rosalind Tallmadge, for a total of $30,000

Galerie Ernst Hilger 

  • two sculptures by Alex Katz from 2018, each for $30,000
  • a variety of Shepard Fairey pieces ranging in price up to $25,000

David Benrimon Fine Art 

  • several works by Mel Bochner, including Amazing, 2018, Blah Blah, Blah, 2018, Haha, 2017, and Thank You, 2018
  • The Book of Love: One Plate, 1997 by Robert Indiana
  • Ballerina, from Portfolio California, 1988, by Ed Ruscha
  • Apple (F. & S. II 359), 1985 by Andy Warhol
  • Untitled, 1966 and Study for Great American Nude #66, 1965, both by Tom Wesselmann

C24 Gallery

  • Mike Dargas painting, Bee Loved, 2018
  •  Katja Loher video sculpture, Who will paint the white canvas of the bleached corals?, 2018

Cynthia Corbett Gallery

  • seven pieces of Andy Burgess’ Modernist House series and his new Abstract Aspen works
  • debuted Isabelle van Zeijl’s The One photography project featuring Flower Orchid, of which three editions from a total of seven were placed

Goya Contemporary Gallery 

  • a work by Joyce J. Scott

Jean Albano Gallery 

  • Bonnie Lautenberg’s 1952 Singin’ in the Rain / Yayoi Kusama, The Sea, archival pigment print, 1 of 6, 2001 Shrek / Fernando Botero, Nude in Mirror, archival pigment print, 1 of 6
  • Klari Reis’ Multicolour Petri dish series was placed, as were three ceramic wall-displayed flower pieces by Zemer Peled
  • paintings by Eleanor Watson.

LICHT FELD Gallery

  • ArtStudent, 2014 and Turkishbath, 2008 by Marck
  •  Madeoff, 2014, Edition 2 of 3, by Fredy Hadorn.

Priveekollektie Contemporary Art | Design 

  • Bloomed Wall, 2017 and Ruffled, 2014-2017 by Dominic Harris
  • Dew, 2017and Ink Writer, 2017 by Reinier Bosch
  • From the knees of my nose to the belly of my toes, 2018, Growing up gets me down, 2018, and Open to the public, 2018 by Alex Chinneck

Sladmore 

  • Poisson ‘Alma’ (Fish), 2018, by Edouard Martinet 
  • No. 174 Boxing Boy with Hat, 2018, by Mario Dilitz

Master Drawings Showcased in Manhattan in Late January

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Clockwise from upper left: Robert Simon Fine Art: Anthony Baus, Ruins of the Mithraic Mysteries, 2018;  Findlay Galleries: Childe Hassam, The Willow and the Bather; Hazlitt: Biagio delle Lame, Venus at the forge of Vulcan, asking for arms for Cupid; James Mackinnon: Henry Moore, The Artist’s Hands; Thomas Deprez: Frantz Charlet , Self-portrait of the artist

Master Drawings New York has offered a preview of some of the works that will be on view at galleries on the Upper East Side of Manhattan beginning January 26th. The event highlights 30 dealers ranging from Stephen Ongpin to Guy Peppiatt:

The event takes place from Saturday, January 26th through Saturday, February 2nd on Manhattan’s Upper East Side. Some of the most influential names in the business, some exhibiting for the very first time, are dedicated to drawings, paintings, watercolors, sculpture and oil sketches from the 14th to the 21st centuries.

Now in its 13th year, the annual week-long event presents an exciting showcase of concurrent pop-up gallery exhibitions by visiting dealers from London, Paris, Madrid, Amsterdam, Brussels and Vienna, and special presentations mounted in private gallery spaces by top New York specialists. These take place in galleries mostly along Madison Avenue on Manhattan’s Upper East Side.

Last year, MDNY expanded its reach to feature paintings and sculpture and offered collectors, curators and art lovers a spectacular selection of works presented by a broader range of specialist dealers. This has been even further strengthened in quality with some top names joining for the first time. They are Ambrose Naumann Fine Art (New York), Galerie Kugel (Paris), Jack Kilgore (New York), Leon Tovar (New York), Robert Simon (New York), Mark Brady (New York), Stuart Lochhead (London), Hazlitt (New York/London), Thomas Deprez Fine Art (Belgium), Pavel Zoubok (New York), Jeroen Jurjens (Amsterdam), Benjamin Proust (London).

A Managed Market: NY Nov Contemporary Evening Sales, 2007-18

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This detailed analysis of the November Contemporary Evening sales over the last 12 years was provided by our friends at Pi-eX. It is available to AMMpro subscribers. Subscriptions begin with a free month for the curious.

Our friends at Pi-eX have put together their analysis for the Contemporary Evening sales. The results, which need to take into account the large lump of the Leonardo that was sold fro $450m last year during a Contemporary Evening sale, show the Contemporary evening sales gaining ground slightly but at a controlled pace.

First, let's look at the sold lots in New York by value over the last 12 November Evening sales of Contemporary art. You can see that the Contemporary market peaked in 2014. Remember that these numbers do not include curate sales which emerged in 2015 and had some impact on the market.

Pi-eX also annotated the sales by guarantee with third-party guarantees represented in light blue and direct auction house guarantees shown in red. Without direct guarantees, the market would have peaked in 2013 instead of 2014. Starting in 2016, third-party guarantees began to play a central role in the November results. Over these three years, the volume of third party guarantees was the greatest of any period during the previous dozen years. 

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National Gallery of Art in Washington, DC Names Kaywin Feldman Its Fifth Director

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Kaywin Feldman

The National Gallery has announced the end of its search for a new director. Kaywin Feldman, currently the head of the Minneapolis Institute for Art, will become the National Gallery’s fifth director succeeding Earl Powell who has held the position for more than 25 years. Feldman has been in charge in Minneapolis for a decade where she made the institute free to the public. Here’s the NGA’s description of her time in Minnesota:

Kaywin Feldman is a champion of digital technology for expanding access to art. Feldman established a contemporary art department at Mia and new galleries for showcasing the art of Africa. She has overseen a series of experimental installations in the museum’s venerable period rooms, exploring new ways of engaging with history.

Feldman has galvanized the galleries and her field with groundbreaking exhibitions such as At Home with Monsters (2017), which featured the art of filmmaker Guillermo del Toro, and Power and Beauty in China’s Last Dynasty (2018), a dramatic display of Chinese art designed by avant-garde theater artist Robert Wilson. As a curator, she has helped organize popular traveling exhibitions, includingThe Habsburgs: Rarely Seen Masterpieces from Europe’s Greatest Dynasty (2015), which brought dozens of masterpieces to Minneapolis for the museum’s 100th birthday year.

Her efforts have helped double attendance while bringing international renown to the museum’s art, particularly its Japanese collection, which has more than doubled in size during her tenure. Other acquisitions include works by Kehinde Wiley, Ai Wei Wei, James McNeill Whistler, Edgar Degas, and Georgia O’Keeffe.

Born in 1966 in Boston, Massachusetts, Feldman’s fascination with museums began with childhood visits and an early interest in archaeology. She earned her BA in classical archaeology from the University of Michigan and an MA from the Institute of Archaeology at the University of London. She also earned an MA in art history from the Courtauld Institute of Art at the University of London, specializing in Dutch and Flemish art, and received an Honorary Doctor of Fine Arts degree from the Memphis College of Art in 2008. Before coming to Mia, she was the director of the Memphis Brooks Museum of Art in Tennessee from 1999 to 2007.

London Old Masters = £107m

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When you put together all of the various sales held this week in London you get a total of approximately £107m. Sotheby’s had £45.5m across all of their sales. Christie’s had £62m with the Jelgersma collection making £25m, the sale to benefit the Rugby School making £14.4m with the bulk of that coming from £11.4m paid for a Lucas van Leyden drawing.

Here’s Christie’s press release on the sales:

On the evening of 6 December, Old Masters at Christie’s realised a combined total of £42,241,000/ $53,730,552/ €47,352,161, selling 65% by lot with registered bidders from 29 countries across 4 continents. The Important Old Master Paintings from The Eric Albada Jelgersma Collection: Evening Sale achieved £21,389,250/ $27,207,126, selling 64% by lot; the Old Masters Evening Sale realised £20,851,750/ $26,523,426, selling 67% by lot.

A pair of portraits by Frans Hals Portrait of a gentleman, aged 37 and Portrait of a lady, aged 36, sold for £10,021,250 / $12,747,030 setting a new world record price for the artist at auction (estimate: £8-12 million).

Further highlights include arguably the most important Golden Age painting by a female artist left in private ownership, Merry Company by Judith Leyster, which was sold for £1,808,750/ $2,300,730 (estimate: £1,500,000-2,500,000), setting a new world record price for the artist at auction and selling for almost four times the previous record. The Collection Sale on 7 December was led by a rare Italian architectural model based closely on the Temple of Portunus which sold for £187,500/ $239,250 (estimate: £50,000 – 80,000).

Sotheby’s had this release on their sales:

Sotheby’s London sales concluded with a combined total of £45,566,613 / $58,084,687 / €51,240,012. Strong performances across five sales, including Old Master Paintings, Sculpture and a dedicated sale of portrait miniatures saw exceptional sell-through rates with totals exceeding their pre-sale estimates.

OLD MASTERS PAINTINGS, 5-6 December

  • Together the Old Masters Evening and Day sales totalled £34,563,175 / $44,030,820 / €38,883,625
  • Participants from 22 countries with strong bidding from new and traditional markets, particularly UK
  • 85.7% sell-through rate achieved for the Evening sale – the highest achieved in the category in London, with 45% of lots selling above top estimates
  • 4 auction records achieved in the Evening sale (The Master of the Aachen Altar, The Master of Saint Veronica, Jacob Isaacksz. van Ruisdael (record in sterling) and Erasmus Quellinus the Younger).
  • The Evening sale presented fresh-to-the-market works with almost half of the lots offered having not appeared on the market for over 30 years
  • Private collectors dominated bidding (75% vs. 25% dealer by lot) with two institutional purchases (Evening sale: Lot 6, Day sale: Lot 188)
  • Over 7,250 people visited the pre-sale exhibition over 5 days

Top lots

  • Rare oil sketch by Rembrandt realised £9,480,800 ($12,080,435 / €10,665,921), over its estimate (lot 18, est. £6 – 8 million). Appearing on the market for the first time in 60 years, the touching portrait of Christ until recently hung in the artist’s house in Amsterdam. In preparation for display in the seminal exhibition “Rembrandt and the Face of Jesus” at the Louvre, Paris in 2011, the painting underwent extensive cleaning and conservation during which two fingerprints were found, presumably those of the artist himself. 
  • Royal portraits of King Charles I’s two eldest children by Sir Anthony van Dyck, among the last works painted by the artist, made £2,620,000 ($3,338,404) and £790,000 ($1,006,618) respectively (lots 29 and 30, est. £2-3m and £600,000-800,000). Depicting the eleven year-old Prince of Wales (later King Charles II), and his nine year-oldsister Mary (the mother of the future king, William III), the works were painted on the eve of the English Civil War and provide a penetrating likeness of the royal children at a time when their world, and the Stuart monarchy, was on the brink of collapse.

Strong performance for Dutch and Flemish art

Half of the works in the sale were by Dutch and Flemish artists

90% of them sold for a combined a total of £24,685,550 / $31,454,326, well above estimate (est. £16.8 -23.7m)

  • Jacob Isaacksz. van Ruisdael’s A Harleempje: a panoramic view of Haarlem and the bleaching fields seen from the north-west realised £2,650,000 ($3,376,630) (lot 13, est. £1.5 – 2m). Celebrating the artist’s native city of Haarlem, this work established Ruisdael as the leading landscape painter of the Dutch Golden Age.
  • One of the finest works by Jan van de Cappelle, A Calm Sea achieved £2,050,000($2,612,110) (lot 15, est. £1-1.5 million).
  • One of Jan Brueghel the Elder’s earliest and most pioneering works, An extensive coastal landscape with fisherman landing and selling their catch, Jonah being cast overboard and offshore, 1595, achieved £1,990,000 ($2,535,658) (lot 11, est. £1.8 – 2.5m).
  • Aert van der Neer’s Winter landscape with kolf players realised £1,210,000(1,541,782) (lot 38, est. £1-1.5m). The artist’s winter landscapes are by far his most prized and sought-after paintings
  • A Winter landscape by Pieter Brueghel the Younger sold for £970,000 ($1,235,974) (lot 27, est. £700,000 – 900,000).
  • A stunning depiction of Mary Magdalene reading by Ambrosius Benson rose to £730,000 ($930,166) (lot 1, est. £200,000-300,000)

Further highlights from the sale

  • A beautiful and intensely personal triptych attributed to the Master of Saint Veronica, circa 1410 realised £1,570,000 ($2,000,494) (lot 6, est. £1.2-1.8m).
  • The arresting and refined depiction of Christ by a close associate of Leonardo da Vinci in around 1510, soared to £874,000 ($1,113,651) (lot 4, est. £250,000 – 350,000).

Art Basel Miami Beach Sales Report

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This comprehensive Art Basel sales report is available to AMMpro subscribers. Subscribers get the first month free on monthly subscriptions. Feel free to cancel at any time before the month is up. Sign up for AMMpro here. We'll keep the initial sales reports outside of the paywall before they are only available to subscribers.

Katya Kazakina wraps up her Art Basel Miami Beach coverage with a story that suggests the fair might have been pretty quiet on the sales front. Christophe van de Weghe claimed to have had his best ABMB ever (which is a common line to hear from dealers after nearly every fair) where he sold works by Warhol, Wesselman and Picasso totaling $28m after claiming to have sold a $17m Picasso on the first day (see below.)

The tone and tenor of the other comments Kazakina got from dealers, collector-dealers and collectors—along with the talk of paintings familiar from previous fairs and recent auctions—suggests the fair was slower and the private market is sparser than some dealers would like to project.

We've unscrambled our sales report to list everything by gallery:

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Sotheby’s Announces 2nd Annual Prize of $250,000 for Museum Exhibition

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Sotheby’s released its selection of the winner of their 2018 prize in support of curatorial endeavors. The Academy Museum of Motion Pictures is the winner for a show on Black Cinema that opens almost a year from now. One value of the prize is the way in which it flags upcoming museum shows like the one in Cincinatti for the career or Robert Colescott or the Wallace Collection’s upcoming Henry Moore show:

Sotheby’s today announces the winner of the 2018 Sotheby’s Prize, which, in its second year, continues to celebrate curatorial excellence and champion the work of innovative institutions who strive to break new ground and challenge our understanding of art today. Presented to the Academy Museum of Motion Pictures (opening in Los Angeles in late 2019), the $250,000 award will support their exhibition, Regeneration: Black Cinema 1900-1970 which opens in Fall 2020. The first exhibition of its kind, Regeneration will reveal the important and under-recognised history of African American filmmakers in the development of American cinema. It will explore African American representation in motion pictures from
its advent to just beyond the Civil Rights era.

Launched in May 2017, the Sotheby’s Prize offers an annual sum of up to $250,000 to recognize curatorial excellence and help facilitate exhibitions that explore overlooked or under-represented areas of art history. In addition to the main prize, a sum of $10,000 is also awarded to a number of institutions whose exhibitions and initiatives are judged by the jury panel to be inspiring and transformative. Between them, the commended list embraces both established and underrepresented artists, as well as the relatively unexplored aspects of sexuality and race in art, while at the same time supporting inspired new plans for community-based mobile exhibitions.

  • ZUMU – A Museum on the Move: Next stop: Hura, Israel (Summer 2019)
  • Henry Moore: The Helmet Heads at the Wallace Collection in London, England (March-July 2019)
  • For Today I Am a Boy: Contemporary Queer Abstraction at Des Moines Art Centre in Des Moines, Iowa,
    USA (June-September 2019)
  • Art and Race Matters: The Career of Robert Colescott at Contemporary Arts Center in Cincinatti, Ohio,
    USA (September 2019-February 2020)
  • Jackson Hlungwani: Alt and Omega at the Norval Foundation in Cape Town, South Africa (February-July
    2020)

Christie’s Sells £11.4m Leyden Drawing to Benefit Rugby School

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This drawing by Lucas van Leyden which measures a tiny 11 x 5 inches was just sold for £11.4m, an order of magnitude above its £1.5m estimate. Christie’s sale to benefit Rugby School brought in £14.79m. According to Christie’s, “the sale inspired widespread interest from across the globe with registered bidders from 33 countries across five continents. Over 40% of the lots were sold to or directly underbid by online bidders on Christie’s Live.

Adam Chinn Leaves Sotheby’s

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Sotheby’s just announced that Adam Chinn is leaving the company at the end of the year to be replaced by John Cahill as Chief Commercial Officer and Ken Citron running operations:

Sotheby’s is pleased to announce the appointment of John Cahill to the role of Executive Vice President, Chief Commercial Officer, and Ken Citron to the role of Executive Vice President, Operations & Chief Transformation Officer. The two new positions assume the previous role of Sotheby’s Chief Operating Officer held by Adam Chinn, who will be leaving the company at the end of the year. Cahill and Citron will join Sotheby’s in January, working closely with the Company’s leadership around the globe and reporting directly to Tad Smith, Sotheby’s CEO.

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