Kelly Crow is a staff reporter for The Wall Street Journal covering the wild & woolly art market. (Retweets≠endorsements.) kelly.crow
@wsj
.com
#IStandWithEvan
New record for a living artist as David Hockney's 'Portrait of an Artist (Pool with Two Figures)' sells for $80m hammer, or $90.3m w/
@ChristiesInc
fees. Bids started at $18m but ratcheted to a dogged 2-way war btw phones held by Marc Porter, who won, & Katherine Arnold who UB
Making hay! A blonde woman sitting in
@Sothebys
back row & wielding paddle
#989
just paid $97m hammer ($110.7m w/ fees) a record for Claude Monet’s “Haystacks” — a record for the artist or any impressionist
@Sothebys
Go to my insta story
@KellyCrowWSJ
to watch the sale live
@wsj
Medieval ivory chess piece of a prison guard, just sold for £735K ($927,423) over low est
@Sothebys
London. Piece is one of 5 thought missing from famous Lewis chessmen set that helped inspire lots of folklore (inc Harry Potter)
Record set for a work by a living artist as dealer Bob Mnuchin, father of the U.S. Treasury Secretary, wins this $80m hammer ($91m w/
@ChristiesInc
fees) Jeff Koons’ “Rabbit.” Price tops $90.3m paid last fall for a David Hockney
Seller who paid $398.5k for this Basquiat head just resold it for $13.1m
@Sothebys
—a record high for a work on paper by the artist and the highest price ever bid online for art. It’s also a 3,187% return on investment.
I won the world's largest cut diamond for our
#HEXican
cultural heritage! It'll be called the diamond, it weighs 555.55 carats and has 55 facets. Congratulations to all you
#HEXicans
with
#5555
club tattoos. Let's all win together!
Black diamond hammer price jump explained per
@Sothebys
: While live bidding appeared to stop at 23 bids on the site, company says 6 additional/absentee bids came in at £1.7m, 1.8, 1.9, 2, 2.2, 2.4, £2.6m = 31 bids in all. Winner at £3.1m or $4.2m, w/ fees, still
@RichardHeartWin
Breaking!
@beeple
reaches the next phase in his art-world ascent — his art will be shown alongside Francis Bacon, Kader Attia & Julie Mehretu in a museum show at Castello di Rivoli cc
@kukulabanze
@la_Biennale
HUMAN ONE has been updated by
@beeple
to show the Explorer, adorned in
#Ukraine
's colours, walking through a war zone.
Also, we'll have an update soon on the HUMAN ONE's first stop on our planet. It's going to be really wild. I'm very excited to share...
🚨🚨 Breaking news: A NY federal jury just cleared
@Sothebys
of any fraud allegations made against it by the Russian billionaire Dmitry Rybolovlev. Again, Sotheby's did not aid or abet any fraud connected to Yves Bouvier, the jury found. More to come!
That’s all, folks.
@Sotheby
’s, once the oldest company listed on the New York Stock Exchange, ceased trading and today it begins operating as a private company.
@WSJ
NFT artists
@XCOPYART
,
@IamOliveAllen
@Krista_Kim
have committed to donating sale proceeds to charities supporting Ukrainian relief efforts.
@SuperRare
Labs will match the 15% commission that the SuperRareDAO receives from all sales, up to $50K
Is Pak the future of art?
@muratpak
has long been hailed by design and crypto enthusiasts as a digital shaman. “I’m sure art purists will be put off by the artist,” says one crypto investor. “But we see him as one of us.”
$60 million or more: Rene Magritte's 1961 "L'Empire des Lumieres" will be sold by heirs of the artist's muse Anne-Marie Gillion Crowet
@sothebys
in March with an estimate of $60 million, first time to market.
Paintings by Man Ray have sold at auction for as much as $5.8 million, but until this
@ChristiesInc
sale none of his photographs had ever sold for over $3.1 million. Now his "Violon d'Ingres" just flew past them all, selling for $12.4m--a new record for any photograph
Record for Joan Mitchell!
@christiesinc
rep based in Asia wins this Mitchell for $25m hammer or $29.1m. Welcome to the $20m club—it’s been waiting for you.
RECORD: Rene Magritte's "Empire of Light" just sold to an Asia bidder for £51.5 million hammer or £59.4m ($79.7m) with fees
@sothebys
/ Second-most valuable painting ever sold at auction in Europe
🚨Breaking! Gustav Klimt's last portrait of a "Lady with a Fan" just sold for $108.4 million
@sothebys
to a Hong Kong collector via Patti Wong--setting a new record for ANY work of art auctioned in Europe. Topped its $80m estimate thanks to three bidders, inc two from Asia.
.
@Sothebys
just sold this "Venus and Adonis" recently attributed to Titian & workshop for £9.5m hammer or £11.2m ($13.6m) against a presale estimate of £8m-£12m.
Go see the newly reinstalled/ transformed Northwest Coast Hall
@AMNH
which invited indigenous curators to contextualize their own cultural history w/ smart, sometimes heartbreaking truths. It’s riveting!
$85 million: That’s how much this Francis Bacon sold for
@Sothebys
above its $80m high est with fees. Underbidder clicked up to $73.1m, most anyone has ever tried to bid digitally for art. Phoner who won remains anonymous. 🥓 🔥
“I’m just trying to protect her from the big bad wolves.” — Larry Gagosian on this season’s breakout artist Anna Weyant (You’re going to read this one.)
Sometimes markets for recently gone masters are tough and the great Frank Stella is the latest case in pt. His offering
@phillipsauction
was estimated to sell for $5m but garnered no bids and went unsold.
Richard Feigen, first to show Ray Johnson, early to show Beuys & Baldessari, and the first dealer to be kind to this art reporter way back when, died yesterday. RIP to one of the best.
.
@Sothebys
London will ask $80m in June for Gustav Klimt's "Lady with a Fan," his last portrait & one seen in his studio at his death. Price could reset record for painting in Europe but Paul Allen's "Birch Forest" sold for $104.6m. Do you think this gal can top some trees?
Auction debut (w/ an NFT attached!): Tyler Hobbs' "Fidenza
#724
" digital pigment print on paper w/ token ID: 78000724 / wallet address: 0xf8BE957f65E67Fb0342992A51C30290d5758F880 It sells for £290K just under its £300K high est
@ChristiesInc
. Update me later w/ the winner?
Blue-chip NFT revival?
@dmitricherniak
"Ringers
#879
(The Goose)" sold $6.2 million, 3x high est & the 2nd-highest price for generative art. Congrats to buyer
@punk6529
; $10.9m overall
@Sothebys
sale was 100% sold, w/
@tylerxhobbs
also selling $2.1m in Fidenza abstracts.
What a scream!
@Sothebys
just sold this 13-foot-long frieze piece by Edvard Munch for £14.5m over its £12m low estimate -- drew 4 bidders and sold to a phoner repped by Simon Stock
Diego Rivera's 1928 "La Bordadora (or The Embroiderer)," rediscovered in a New Orleans collection was just bought by
@MFAH
for $4.1m.
@christiesinc
estimated the painting would only sell for up to $900K.
In a bit of analog theater,
@christiesinc
briefly dimmed the saleroom lights to oohs & ahhs as bidding opened for Felix Gonzalez-Torres’ string of lights, “Untitled (America
#3
),” which drew 2 Asian bidders & sold to Japan for $11.5m hammer or $13.6m w/ fees—an artist record.
One-bid win: We all got to watch this Francis Bacon, which was guaranteed, sell to its previously arranged bidder for $24.5m after no one else chimed in. I see why sellers line up these risk-offsetting deals, but man, it sucks up any drama. Est: $30m-$50m
@Sothebys
Art (market) appreciation as we start this surreal sale: Rene Magritte's "Souvenir de Voyage" sold for $645K in 2000, resold for $1m in 2009 and now the Heidenreichs just resold it again for £4.6m hammer (or roughly $5.6m ) +
@christiesinc
fees.
Pioneering artist Sam Gilliam died Saturday at age 88, according to
@PaceGallery
and David Kordansky. Honored I got to once speak with him in his D.C. studio.
Christo passed away today, on May 31, 2020, at his home in New York City. Christo and Jeanne-Claude have always made clear that their artworks in progress be continued after their deaths. L'Arc de Triomphe, Wrapped (Project for Paris) is still on track for Sept. 18–Oct. 3, 2021.
$85 million! Asian bidder repped by
@phillipsauction
in Taipei won this Jean-Michel Basquiat over $70m estimate—for a 48% return on
@yousuckMZ
six-year investment in the art.
Julie Mehretu’s ‘Dissident Score’ sold on
@artsy
for $6.5m, setting a new auction record for the artist and doubling its low estimate. Sale also marks the highest price ever achieved on sold by the online platform. Six bidders competed for the work; winner remains anonymous.
Breaking: Hours before
@ChristiesInc
Getty estate sale, the couple’s Canaletto “Venice, the Grand Canal looking East with Santa Maria della Salute” est to sell for $6m+ has been snapped up in a private sale by Fine Art Museums of SF
@deyoungmuseum
@legionofhonor
Anna Weyant, a new art star whose work evokes a millennial Botticelli, was discovered on Instagram. She’s also dating her dealer, Larry
@Gagosian
. Both speak exclusively to
@WSJ
.
Two bidders vying for this Claude Monet coming to auction for the first time after being in a family collection for three decades, up to $49m with
@brookemlampley
@sothebys
Whoa: Sales of work by Pablo Picasso at auction between 2008 and mid-2022 totaled $6.23 billion—representing a larger share of the market than all women, said Burns Halperin report.
Wow. The Alsdorfs bought this Rene Magritte four years ago after it went unsold at $6m low est
@Sothebys
in 2005 but Marc Porter just sold it to his
@ChristiesInc
phoner for $17m hammer
Breaking! The first auction of a possible Caravaggio in at least 40 years took on even more mystery Monday when a private buyer stepped in & snatched up the work, canceling its Thursday auction. Buyer paid an undisclosed sum, pledges to put it in a public museum soon. See
@WSJ
Record for Mark Tansey, whose “Triumph Over Mastery II” draws at least 3 dogged bidders and hammers $10 million over $8m low est and surpassing artist’s $7.4m auction high
@Sothebys
"The Empire of Light," a famous painting by René Magritte, sold for $79.75 million
@sothebys
, setting a new world auction record for the Surrealist artist in its first time on the market. Story by Jennifer Calfas via
@WSJ
Kevin McCoy's "Quantum" sells $1.4m.
@pablorfraile
says he just won
@muratpak
"Fade" for $528,200
@Sothebys
"Natively Digital" sale: "He's always innovating, it's an absolutely masterpiece."
.
@KentMonkman
just unveiled a pair of jaw-dropping works in the lobby of the
@metmuseum
. Here's "Resurgence of the People," courtesy the Cree artist:
RECORD: This art market craves novelty, and this Jared French is delivering, with multiple bidders going for this "Double," which hammers $850K over $300K high est
@Sothebys
.
@sothebys
sold $205 million last night—inc a record $33m Bourgeois Spider, a $22m Richter, a $29m Basquiat, a $2.5m Henry Taylor $ a $787,400 Justin Caguiat, whose title seems to sum up the art market’s sudden volatility, “To the approach of beauty its body is fungible.”
Gus Van Sant's watercolor used in "Good Will Hunting" and given to Robin Williams was only estimated to sell for up to $1,500
@Sothebys
, but it wound up selling for a whopping $90K. Inscription: "From gus to Robin—turn your boat around! Good for you! Can a-corn!!!"
Withdrawn!
@ChristiesInc
says it guaranteed this Brice Marden “Event” would sell for an estimated $30 million but it withdrew the work at the start of the 21st C sale. Curious about this call.
Jean-Michel Basquiat’s “The Italian Version of Popeye has no Pork in his Diet,” estimated at $30m, hammered $27.5m to a phone bidder after a dude in the room hollered “Hold!” before ducking out while on his cell. Phoner undeterred. Final price: $32m
@christiesinc
.
@Sothebys
said its $1.4 million online sale of Banksy prints yesterday was 96% sold by lot, with 85% outperforming its high est, inc "Bomb Love" which drew 22 bids. Almost half of the bidders were new to
@Sothebys
and and third were under age 40.
A 29-year-old NFT collector and crypto investor went to
@ArtBasel
to see art IRL. We came along for the ride. 🙌🏻
@felixmxu
📸 by
@scottymacphoto
It’s Georgia O’Keeffe’s bday and her 12x16 in “Pelvis” just sold for $2.6m over $1.8m high estimate
@Sothebys
. And yes, Olly flagged her bday from the rostrum ha