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Paris Contemporary Auction Analysis: Asian Artists, de Staël Dominate

June 13, 2018 by Marion Maneker

This Paris Spring 2018 Contemporary sales analysis 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.

The Paris Contemporary art sales were punctuated by some dramatic sales that drove the overall performance far above expectations. You can see from market share chart (above) provided by our friends at Live Auction Art that both Sotheby’s and Christie’s were able to exceed their pre-sale estimates by a significant margin. In both cases, the totals were helped by the performance of a single lot.

For Christie’s, that was Nicolas de Staël’s Flowers which made €8.25m or more than twice the low estimate.  At Sotheby’s, the big lot was Kazuo Shiraga’s large and historically significant Takao which made more than four times the low estimate to reach €8.7m.

This analysis of the Spring 2018Paris Contemporary art sales results—including a look at market share by artist and a list of the most dynamic lots—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 will have a look at the historical sales numbers in Paris in another post. Here, let’s look at the composition of the Paris Post-War sales. Artcurial had a number of modern works in their sale which we have set aside so we can look at the Paris Post-War and Contemporary market.Continue Reading

De Staël Explodes in Paris Continuing Market Rise

June 8, 2018 by Marion Maneker

Nicolas de Stael, Flowers (3.5-5.5m EUR) €8.25m

Christie’s Evening sale of Contemporary art in Paris yesterday totaled €25.4m with a third of that value coming from Nicolas de Staël‘s Flowers which made €8.25m against an estimate of €3.5-5.5m. Other outperforming lots were Pierre Soulages‘s Peinture 227 x 306 cm, 2 mars 2009 which was estimated at €1-1.5m but made €2.4m; Kazuo Shiraga‘s Chikakusei Dokukakuryu, €1.87m; a small Joan Mitchell work that made €655k; and a Jean Dubuffet, Partition which hit €895k.

The day sale added another €9.33m to the total.

Sotheby’s Paris Sale Led By Zao Wou-ki & Shiraga

May 29, 2018 by Marion Maneker

It’s a been a couple of years since we’ve had a big Kazuo Shiraga price in the West. The most recent sales above $3m for the Gutai artist have been achieved in Hong Kong this year and three years ago. But the top three prices for the artist have come in Germany, New York and Paris. The last hosted the outright record at $5.3m four years ago at Sotheby’s. On June 6th in the Paris Art Contemporain Evening sale, Sotheby’s is offering Takao from 1959 with an estimate of €1.8 – 2.5m.

Also in the sale are several works by Zao Wou-ki, Jean Dubuffet, Hans Hartung and Nicolas de Staël. Here’s Sotheby’s take on their offerings:Continue Reading

Lalanne Furniture Sells for $2.3m in Paris Sale

September 15, 2017 by Marion Maneker

In the three-day, thousand-lot sale of designer Alberto Pinto’s stock, three lots by Claude Lalanne—with a combined high estimate of $500k—sold for a total of $2.3m.

The Bureau Croco by Claude Lalanne is the top lot of the entire sale and was sold on Tuesday evening for €847,500/£771,225/$1,118,700 after several minutes of intense bidding, involving 11 parties, becoming the fourth highest price for the artist. Two further lots by Lalanne realised also very strong results: a Tabouret Crococurule sold €439,500 and a Table Lotus et Singe was acquired for €463,500.

Man Ray’s Noire et Blanche (€1-1.5m) Offered at Christie’s France in November

September 15, 2017 by Marion Maneker

After a long torpor, the photography market has suddenly become a hotbed of activity. Into this building interest, Christie’s brings Man Ray’s Noire et Blanche estimated at €1m-1.5m. The well-known image of Kiki de Montparnasse was first published in the Paris edition of Vogue in 1926:

Christie’s France is pleased to announce that it will offer “Stripped Bare: Photographs from the Thomas Koerfer Collection,” comprising 73 lots and led by the emblematic Man Ray masterpiece, Noire et Blanche, formerly in the collection of Jacques Doucet, on November 9, while collectors are gathered for the Paris Photo Fair.

Thomas Koerfer is a highly-regarded film director, writer as well as producer, whose films include TheDeath of the Flea Circus Director, Henry’s Romance, The Passionate and Embers. From childhood Koerfer was surrounded by the art collection of his parents and in 1992 he established his own collection by concentrating on modern and contemporary photography, and some years later he added paintings and sculptures from the same era. The entire collection focuses on the body and human form as well as the various aspects of sensuality and sexuality and represents the most comprehensive and nuanced group of works on this theme. Ten years after starting to collect photography, Thomas Koerfer was elected President of the Board of the Foundation of the Fotomuseum Winterthur in 2002 and also became a member of the board of the Kunsthalle Zurich, a position he held for ten years. His collection was exhibited in 2007 at CO Berlin, followed by a show at the Kunsthaus Zurich in 2015.

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