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Ludwig Deutsch Leads Bonhams £2.59m 19th C Sale

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Two paintings by the Austrian painter, Ludwig Deutsch, that had been held in the same collection for 40 years were sold for more than £1million total today at Bonhams in London. Their 19th Century European, Victorian and British Impressionist Art sale made a total of £2,592,563.

  • At the Mosque (1895) sold for £560,750 (estimate: £300,000-500,000)
  • Respect (1902) made £512,750 (estimate: £250,000-350,000)

Other sale highlights included:

  • Two thousand years ago by John Atkinson Grimshaw.  Sold for £125,000 (estimate: £100,000-150,000)
  • The Norns Watering the Tree of Life by William Scott.  Sold for £75,000 (estimate: £60,000-80,000)
  • The Bridge by Stanhope Forbes. Sold for £93,750 (estimate: £30,000-50,000)
  • Charivari (The Grand Parade) by Dame Laura Knight . Sold for £62,500 (estimate: £50,000-70,000)
Ludwig Deutsch, At the Mosque (1895) (£300-500k) £560,750

Phillips London Contemporary Has Richter, Kippenberger and Lichtenstein

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Gerhard Richter’s Düsenjäger (1963) is back on the market after a brief dalliance with an over-confident Chinese guarantor. The work was sold by collector Paul Allen in November of 2016 to Zhang Chang who had provide a third-party guarantee at $24m. Zhang would not or could not pay for work. Now Phillips is bringing the major work in Richter’s oeuvre back to market with an estimate £10-15m, almost the same estimate it carried nearly a dozen years ago when it sold to Allen in November 2007.

The work comes to market amid rumblings within the art market that the third-party guarantee system has gotten over-extended in both the number of works that it covers and the number of buyers that participate. Questions remain—that will only be answered in sales to come this year—whether there are more dis-illusioned guarantors out there burned by the failure of works to find buyers. Are these guarantors sufficiently put off to retreat from the guarantee market?

In the meantime, Phillips has more than one noted German artist in their London sale. Martin Kippenberger’s Ohne Titel (Meine lügen sind ehrliche) (1992) (£3.5-4.5m) leads the sale along with another self-portrait the artist. In between the Kippenberger and the Richter is an example of Roy Lichtenstein’s enamel, Girl in Mirror (1964) with an estimate of £4.5-6.5m. The Lichtenstein enamel is an editioned work with eight examples and two artist’s proofs.

The Lichtenstein is guaranteed by Phillips. The example on offer was bought at the sale of Max Palevsky’s at Christie’s in 2010 where the buyer paid $4.89m. Four years later, another example of the work was sold at Christie’s for $6.885m. Over at Sotheby’s, the work has had its day in the sun too. One sold in 2007 for $4m in New York. Another sold in London in 2012 for nearly £2.4m.

Frank Stella Sells Some Work—His Own and Others—at Christie’s

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Frank Stella, “WWRL” (1967)

Earlier this week, the New York Times revealed that Frank Stella is doing a little house cleaning through various Christie’s sales. The estimates aren’t available on all of the works but the list below suggests the works are worth close to $10m on the low end. Stella isn’t afraid to sell his own works like WWRL, above, through Christie’s. And he isn’t being shy about his reasons:

Mr. Stella has decidedly catholic taste in art, further evidenced by the works he is selling at Christie’s, including an untitled 1927 Miró oil being auctioned in London on Feb. 27 and David Hockney’s “A Realistic Still Life” (1965), up for auction on March 6. In New York in May he is selling a double portrait of a couple by the Dutch painter Jan Sanders van Hemessen (1532); two of his own works, “WWRL” (1967) and “Lettre sur les Aveugles I” (1974); and Helen Frankenthaler’s “The Beach Horse” (1959). Estimates for those works range from $1.5 million to $7.5 million.

Why sell? “It’s nice to have some liquidity,” Mr. Stella said. “You don’t want to save everything for the end. I won’t be around forever.”

Agnes Gund & Oprah Winfrey Lead Auction of Women Artists at Sotheby’s to Benefit Miss Porter’s School

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Sotheby’s announces a benefit collaboration between Oprah Winfrey, Agnes Gund and Miss Porter’s School. Click here to watch the video describing the event.:

Sotheby’s and Miss Porter’s School are honored to unveil the full sale contents of By Women, For Tomorrow’s Women—the first-ever all-women artist benefit auction at a major auction house, which will precede our bi-annual Contemporary Curated sale on March 1st in New York.

Over the course of several months, 40 pieces by 38 pioneering women artists have been donated to create this distinct offering of modern and contemporary works, with full proceeds  to support financial aid that enables emerging female leaders to attend Miss Porter’s School and go on to shape a changing world.

Presented alongside the live auction on March 1, additional works from By Women For Tomorrow’s Women will be offered as part of Sotheby’s Contemporary Art Online auction, open for bidding from Feb 22 -March 7. All 40 works will be on view in Sotheby’s New York galleries beginning February 22nd, along slide our Contemporary Curated and Contemporary Art Online auctions.

Agnes Gund and Oprah Winfrey, longtime supporters of Miss Porter’s School, will serve as Honorary Co-Chairs for the sale. A Miss Porter alumna, Agnes Gund ’56 is one of the most important patrons of the arts in America and exemplary in her support of women artists. Winfrey is a strong believer in the power of youth education and is the founder of the Oprah Winfrey Leadership Academy for Girls in South Africa. The OWLAG board is chaired by Miss Porter’s Head of School, Dr. Katherine Windsor.

The March 1 sale is led by a paragon of Carmen Herrera’s reductionist artistic ethos, Blanco y Verde from 1966-67—the most important work by the artist ever to appear at auction ($1.5-2m.) The painting was recently exhibited in a retrospective of her work at the Whitney Museum of American Art in New York, and has been donated by Agnes Gund.

Donated to the sale by the Artist Vice- Chair, Selection from Survival: Men Don’t Protect…, Jenny Holzer’s provocative marble bench from 2006, illustrates the compelling visual vocabulary that has distinguished her body fo work for more than four decades ($50-70k.)

On offer directly from the artist’s archives, Pat Stier’s vibrant Blue and Red Waterfall is another highlight from the sale ($120-180k.) Executed in 1994 at the height of her renowned Waterfall series.

Bonhams to Show Richard Lin Work in HK this March for May Sale

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With several successes showing and selling works by Anglo-Taiwanese artist Richard Lin, Bonhams has decided to show another work at its offices in Hong Kong before offering it for sale a few months later in May. The painting, 1.3.1964—Repainting Relief, was first shown at Documenta III held in Kassel, Germany in 1964:

Bonhams presents a retrospective exhibition of 30 rare works by the renowned Taiwan-born minimalist artist Richard Lin (1933-2011). Open to the public, the exhibition – Richard Lin Show Yu | A Retrospective of Major Works from the 1950s to 70s – will run from Monday 18 March to Saturday 30 March 2019 at Bonhams Hong Kong gallery at One Pacific Place, coinciding with Art Basel in Hong Kong.

Following the first European retrospective exhibition of Richard Lin held in October 2018 at Bonhams London, the upcoming exhibition features works from the artist’s estate as well as a selection of works from important private collections.

Among the collection is 1.3.1964 – Painting Relief, an exceptional work that was exhibited as one of only three major works at the leading contemporary art show documenta III in 1964 in Kassel, Germany, which will be unveiled in Asia for the very first time. Richard Lin was the first Chinese artist ever to feature at the hugely important documenta projects.

This piece will later be offered at Bonhams Modern and Contemporary Art sale in Hong Kong on 27 May, 2019.

Born in Taiwan in 1933, Richard Lin was schooled in Hong Kong and the UK before studying architecture and fine arts in London. Graduating in 1958, he quickly made his mark with solo shows including his first solo show at Institute of Contemporary Arts (ICA) in 1958 and represented Britain in the leading contemporary art show, documenta III in Kassel in 1964. Influenced by Western abstraction as well as traditional Chinese painting and calligraphy, Lin gradually developed a highly reductive and formal minimalist style in pursuit of simplicity and balance. The emergence of his White Series during the 1960s established this unique style and redefined the artist’s interpretation of Chinese landscape painting.

Recent pieces sold at Bonhams Modern and Contemporary Art sale on 26 November 2018 included two sourced directly from Richard Lin’s estate – Painting Relief (1961) which sold for HK$3,940,000 against a pre-sale estimate of HK$1,000,000-2,000,000 and Untitled (The Black Sun) (1958-1960), selling for HK$3,460,000, against an estimate of HK$850,000-1,250,000. A third piece, Untitled (1967), sold for HK$2,000,000, against a pre-sale estimate of HK$650,000-850,000.

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