Despite predictions that the art bubble is about to burst after Steve Cohen dropped a whopping $141 million in May to buy a Giacometti at Christie’s, sales are brisk at Art Basel, where an estimated $3.4 billion in art is up for grabs.
A Christopher Wool painting reportedly went for $5.5 million an half hour after the show’s VIP opening Yesterday, and a Keith Haring sold for the same price. Pace Gallery sold out a Robert Rauschenberg presentation.
Leonardo DiCaprio stalked the booths of Larry Gagosian, Matthew Marks and others while puffing an e-cigarette. He powwowed with Jeffrey Deitch as collectors Peter Brant and Dan Loeb also circled.
Petzel Gallery of New York reports selling a Thomas Eggerer painting for $100,000, a Wade Guyton U Sculpture for $490,000, a Sean Landers painting for $100,000, a Charline Von Heyl painting for $150,000, an Adam McEwen graphite sculpture for $100,000, and various Jorge Pardo glass lamp sets for between $85,000-100,000.
Galerie Lelong made three sales for over 1 million Euro each: two Konrad Klapheck paintings and one Sean Scully painting, all to private collectors; the gallery also sold the 2.5 meter sculpture by Jaume Plensa as well as several paintings by Günther Förg and Etel Adnan.
Andréhn-Schiptjenko of Sweden reports great feedback for their booth featuring José León Cerrillo and Gunnel Wåhlstrand. Both works by Wåhlstrand, a very sought-after Swedish painter with a very spare production, were sold within half an hour of the opening.
Hannah Hoffman Gallery sold a Sam Falls installation during the opening of Unlimited along with Galerie Eva Presenhuber and Galleria Franco Noero.
Sean Kelly has had strong sales across the board including a Joseph Kosuth for 300,000 Euro.
Jack Shainman of Jack Shainman Gallery reports strong interest in in the work of Carrie Mae Weems, selling five Kitchen Table works by Carrie Mae Weems to a major American institution. “I am so pleased at the level of interest in the work of Carrie Mae Weems, particularly the level of recognition from European institutions. Sales have been brisk in the opening hours of Art Basel including the placement of works in top collections,” said Jack Shainman on his solo presentation of Carrie Mae Weems in Feature (T6)
Mnuchin Gallery sold Thomas Schütte’s bronze, artist’s clothes, and cord on steel base sculpture “Vater Staat, dressed” 2010 for $1.6 million.
Maureen Paley sold a 1984 acrylic on canvas titled “Mondo Cane 2 (Nine Figures)” by General Idea to a European Museum for 225,000 Euro. “Basel provides a curatorial framework based on the collections and museums in the town and nearby Zurich that provide context and set the mood for the fair’s high quality,” said Maureen.
Fergus McCaffrey has sold 12 works so far, including a Sadamasa Motonaga Oil on Panel for $650,000, from their booth presentation of masterworks by Post-War Japanese artists juxtaposed with important works by Italian avant-garde form the same period.
SUSANNE VIELMETTER LOS ANGELES PROJECTS sold their installation by Andrea Bowers to a major private collection in Europe. Her figurative pencil drawings were placed with private collectors in London and New York.
Lehmann Maupin reports: Three “thread drawings” by Korean artist Do Ho Suh, recently produced at the Dieu Donne artist workspace in New York, have sold in the range of $50,000-$100,000; Two totem sculptures by French-Algerian artist Kader Attia have sold in the range of 40,000-50,000 Euro. Attia’s newest sculpture, made of wood, mirror polished stainless steel, and aluminum, has sold in the range of 80,000-120,000 Euro; A new Hernan Bas painting, titled “The Flamingo Kid” (2015) has sold in the range of $100,000-$150,000; Tony Oursler’s LED panel piece “TER3” (2015) has sold for around $100,000; Two paintings by Brazilian artists OSGEMEOS have sold, one in the range of $80,000-$120,000 and the second in the range of $100,000-$150,000; A “Be Brave” (2015) neon by British artist Tracey Emin has sold in the range of £40,000-£50,000. An edition of her bronze sculpture, “The Heart Has Its Reasons” (2014) has also sold in the range of £100,000-£125,000 and a watercolor, “Sex 19 25-11-07 Sydney” (2007) was also sold in the range of £10,000-£20,000; One of Angel Otero’s new paintings, with imagery inspired by Pablo Picasso’s work, Took the bed out, Flew Kites and Saw the seeds grow (2015) has sold in the range of $50,000-$100,000; Shirazeh Houshiary’s newest painting, “Gist”(2015), has sold in the range of £100,000-£150,000; Two painting by Mickalene Thomas, both from 2015, were snapped up by collectors at prices in the range of $75,000-$100,000; An edition of Juergen Teller’s portrait, Joan Didion, Celine Campaign Spring Summer 2015, New York 2014 (2015), has sold for a price around £30,000; and the gallery has reserves have also been placed on works by Kader Attia, Mary Corse, Alex Prager, Tim Rollins & K.O.S., and Do Ho Suh.