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What’s Hot in Israeli Art

June 10, 2012 by Marion Maneker

Sotheby’s Jennifer Roth went prospecting in Canada for works by Israeli artists, according to the Canadian Jewish News:

At auctions today, the most popular Israeli works are by masters such as Reuven Rubin and Mordecai Ardon, whose paintings have fetched sums well over six figures.

“An Ardon was sold for more than $1 million to a Japanese museum, and Michal Rovner, a contemporary artist, sold an installation for over $800,000 just a few years ago.

Meanwhile, the photographer Adi Nes sold a work, based on Leonardo da Vinci’s The Last Supper, for more than $250,000.

Israeli art has passed through several thematic phases, she said.

“The early artists dealt with Zionism and the land and life in pre-and post-independent Israel. The ‘New Horizons’ group of the late 1940s and 1950s consisted of purely abstract painters who no longer felt obligated to deal with the Zionist narrative.”

 Sotheby’s Official Seeks Israel Art in Canada (Canadian Jewish News)

Bonhams Expands Israeli Art Sale

February 1, 2011 by Marion Maneker

Bonhams announced yesterday that they will be partnering with Montefiore Auction House to source lots for their Israeli Art and Judaica sale that is to be held in May in London:

Bonhams will hold their inaugural sale of modern and contemporary Israeli Art and Judaica in their New Bond Street saleroom on May 24, the only auction of its kind in the UK.

Bonhams have teamed up with an Israeli partner in this venture, the Montefiore Auction House in Tel Aviv (www.montefiore.co.il), which will help to source items for sale. Montefiore is situated in the centre of Tel Aviv, on 34 Nachmani Street, near the famous Rothschild Avenue. The Auction House holds several auctions each year at the prestigious Dan Hotel, which include both Israeli and international artworks: paintings, sculptures, photographs, graphic and paper art of past and present well-known artists.

Sotheby's Israeli Art = $3.45m

December 15, 2010 by Marion Maneker

Is Israeli Art Coming on Strong?

December 10, 2010 by Marion Maneker

Israeli art has posted three consecutive years of solid performance. On December 15th, we will see if the pattern holds as Sotheby’s sells 114 lots.

Although the overall numbers cannot match the boom-time peak of 2007, there’s been a steady consolidation around 2006 levels and well above the previous half of the decade, according to this report from ArtTrustee: Artrustee Israeli Art Market Review (click to download:)

Demand for Israeli art kept rising until 2007, a year in which total sales amounted to $36 million for 2,800 items, up eight-fold (turnover) and seven-fold (lots sold) compared to 2004. A third of total sales originated in Sotheby’s New York Israeli art auctions. The decade’s second economic crisis would again take its toll on the art market. Though the meltdown’s effects on the Israeli economy have been relatively modest, the Israeli art market has not proved to be immune to the economic crisis. The annual turnover in 2008 dropped 37%, totaling $22 million. Global reduction in auction sales turnover was about 10%. 2009 auction results continued to post a 10% reduction compared to 2008, resulting in approximately $19 million. Though annual sales have dropped about 40% in 2008 and 2009 in wake of the global financial crisis, the results for 2010 signify a recovery as all price segments are climbing back towards their 2008 levels.

Artrustee Israeli Art Market Review

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