Art Market Monitor

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Joan Mitchell’s Rise Amid the Market’s Reappraisal: Analysis

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Joan Mitchell. 12 Hawks at 3 O’Clock (1960). Courtesy Christie’s.

Known for her gestural style, Joan Mitchell was a key member of the second generation of American Abstract Expressionists and is now among the leading market forces in the 20th century. She was unique among her contemporaries, having gained acclaim in the early 1950s at a time when recognition of women artists was sparse. Despite the critical attention, Mitchell’s oeuvre has long been undervalued next to the work of her male peers.

As the market exhausts its run with Mitchell’s New York school contemporaries, she is now being reevaluated as one of the last artists of the Ab-Ex generation yet to be fully explored, according to curators of her upcoming retrospective. From 2007 to 2019, her auction turnover has increased by 123% from $28 million in annual sales to $62.6 million. Her record price has followed that trend with an increase of 130% from $7 million achieved in 2007 to $16.6 million in 2018. With the rise in prices, the volume of Mitchell’s works traded at auction has also increased 130% since 2007.Continue Reading

Ebsworth’s Joan Mitchell Priced to Break Record

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Joan Mitchell, 12 Hawks at 3 O’Clock ($14-16m)

One of the featured items from Barney Ebsworth’s estate in this November’s sales at Christie’s is Joan Mitchell’s 12 Hawks at 3 O’Clock has already drawn a great deal of interest. Yesterday, Christie’s revealed the estimate for this work at $14-16m. It will only take a few bids above the low estimate for the work to total above $16.6m, the record price set in May.

Joan Mitchell: Abstract Expressionist for the Rest of Us

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David D’Arcy covered the Armory Show for Abu Dhabi’s The National. He spoke to Jill Weinberg Adams of Lennon Weinberg Gallery which is selling works by Joan Mitchell both at its gallery in Chelsea and at the fair:

“There are a lot of people in their thirties and forties who are making substantial amounts of money. Some of them may want to collect Jeff Koons and Matthew Barney. Some may be interested in collecting Abstract Expressionism,” she said. “Relative to her position in art history, Joan Mitchell is an artist whose paintings are affordable.”

Manhattan Has Its Problems But That Doesn’t Stop a Major Art Show (The National)

Joan of Art

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Jackie Wullschlager offers a pocket biography of Joan Mitchell in her Financial Times review of the artist’s show in Scotland this Summer:

Mitchell was born in 1925 in Chicago – her frequent broad expanses of cool, bluish whites evoke the city’s winter skies and glassy lakes – and died in 1992. Richly educated in literature by her mother, who with Harriet Monroe edited the modern verse journal Poetry, she was a natural lyric painter. From her grandfather, a bridge engineer, came the family fortune and an inheritance as important – an interest in structure, evident in the grand scaffolding of her compositions. From her father she learned iron discipline – he urged her on as champion figure skater, tennis player, diver, and an athlete’s physicality and intuition is sustained throughout her work.Continue Reading

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