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Kazimir Malevich’s ‘Suprematist Composition’ Sets $ 60 Mil Record at Sotheby’s Sale

kazimir_suprematist_compositionKazimir Malevich’s Suprematist Composition from 1916 sold for $60,002,500 at Sotheby’s, not only a record for the artist, but a record for any Russian work of art ever sold at auction. Regarded as an icon of Russian art and a paradigmatic example of the 20th century avant-garde, the masterwork was executed in 1916, the same year that Malevich published his Suprematist Manifesto. The Heirs of Kazimir Malevich issued a statement through a spokesperson as follows: “The heirs are delighted with the extraordinary sale achieved for Suprematist Composition which confirms Kazimir Malevich’s position among the greatest masters of the 20th century.”

Emmanuel Di-Donna, Vice Chairman, Impressionist and Modern Art Worldwide and Head of Sotheby’s Evening Sales, New York, said, “We are thrilled with the price of $60 million which was received for the Malevich. This is a true masterpiece and we have been privileged to offer it at auction on behalf of the family. What we saw tonight was a great work of art perform at the highest level even in challenging times.” 

The painting had been featured in the collection of the Stedelijk Museum in Amsterdam for the past fifty years before being restituted to the artist’s family. It has been included in every major exhibition of Malevich’s work ever mounted – both inside Russia and abroad, and was selected by the artist for his first ever exhibition to a Western audience in 1927.

Edgar Degas’ “Danseuse au repos” reaffirmed its position as the preeminent work by the artist ever to be sold at auction tonight, commanding $37,042,500, and establishing a new record for the artist at auction. It last appeared on the market in the summer of 1999 when it achieved a price of $28 million, a record that stood until this evening. Completed in 1879, this exquisite pastel and gouache is remarkable for the great quality of its richly worked surface and the detail of its vision and scope.

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November 5, 2008 Posted by | Artists, Auction, News, raw art gallery | , | Leave a comment

A Mostly Dismal, Briefly Record-Setting Sotheby’s Evening

0101“Sotheby’s failed to sell a third of the lots at its Impressionist and modern art auction last night in New York, the latest sign that worldwide financial distress is undermining demand for trophy paintings and sculpture.”

Via: Bloomberg

November 4, 2008 Posted by | Art Exhibitions, Artists, Auction, News, raw art gallery | | Leave a comment

Sotheby’s Returns to Chatsworth with a Selling Exhibition of Modern & Contemporary Sculpture

This year, between Tuesday, 9 September and Sunday, 2 November 2008, Sotheby’s will return to Chatsworth to stage Beyond Limits – a landmark selling exhibition of monumental modern and contemporary sculpture, now in its third year. Following the extraordinary success of last year’s exhibition – at which almost all of the 22 pieces found a buyer, and which attracted more than 30,000 extra visitors to the garden at Chatsworth – Beyond Limits will once again showcase a broad range of work by many of today’s leading international sculptors, as well as major pieces by homegrown UK talents.

Alexander Platon, Director in Sotheby’s Impressionist & Modern Art Department, has masterminded the exhibition for the last two years, working closely with the artists involved and tracking the ever-increasing enthusiasm for monumental sculpture: “In the past couple of years, we’ve seen sculpture emerge as one of the fastest growing sectors of the international art scene. It’s a fantastically exciting development, and one that has been particularly evident at the recent Beyond Limits exhibitions we’ve held at Chatsworth: last year’s show attracted buyers from around the world, while at the same time drawing in droves of visitors from across the UK. What to my mind makes the event here so compelling is not only the exciting nature of the pieces we’re able to bring together, but also – and very importantly – the drama of the setting: the gardens here provide the most magnificent backdrop imaginable and that, combined with the hugely powerful juxtaposition of history and modernity, makes for an all-consuming experience.”

The Duke of Devonshire continued: “Beyond Limits is an absolutely top quality outdoor sculpture show and it generates a fantastically enthusiastic response amongst our visitors. People of all ages and backgrounds are inspired by seeing these works. It’s open to everybody and visitors are free to wander around in their own time, viewing the exhibits from different angles with the magnificent landscape giving them an ever-changing context.”

Now firmly established as one of the leading events in the UK’s outdoor and artistic calendar, Beyond Limits has evolved over the last three years to incorporate ever more pieces inspired by, and created especially for, the magnificent setting at Chatsworth. Last year, the exhibition included new, site-specific – and often challenging – works by a gamut of leading names such as Marc Quinn, Damien Hirst, Zaha Hadid, Michal Rovner and Zadok Ben David – all of which were extremely well received. This year, in similar vein, Chilean artist Fernando Casasempere has created a work (Fusion) directly inspired by a visit to Chatsworth, while Yorkshire-born Richard Hudson has created a bronze (Love Me) especially for the occasion. Their work will be shown alongside that of other leading contemporary sculptors, such as Jaume Plensa, Fernando Botero, Ron Arad, Kiki Smith, Bernar Venet, Jedd Novatt, Arnaldo Pomodoro, Claude Lalanne, Beverly Pepper, François Xavier Lalanne, Robert Indiana, Manolo Valdes, Kan Yasuda and Eric Goulder. Marc Quinn, Zaha Hadid and Zadok Ben David will also once again be represented. While contemporary sculptors dominate, their work will be complemented by that of artists whose work defines the “modern” era of the early 20th-century – artists like Salvador Dalí, Aristide Maillol and Lynn Chadwick.

Aside from the sheer magnitude and arresting nature of the works to be exhibited this year, what is also striking is the international range of participating artists, with Columbia, Israel, Chile, Japan, France, Italy, England and the USA all represented. Working in a variety of media – everything from bronze to ceramic, steel and stone – this eclectic mix of talents brings a feel of modernity and exoticism to the lush green tranquility of one Britain’s most splendid stately gardens.

Carefully – often playfully and surprisingly – positioned around Chatsworth’s 105-acres of gardens under the unerring eye of guest-curator Janice Blackburn, the 25-odd sculptures in this year’s Beyond Limits show are sure to provide plenty to feed the eyes and the imagination of visitors and prospective purchasers alike.

September 11, 2008 Posted by | Art Exhibitions, Art Fairs, Artists, News, photography, raw art gallery | , , , | Leave a comment

Sotheby’s to Consolidate its Contemporary Asian Art Sales in Hong Kong

Beginning in 2009 Sotheby’s will consolidate its existing worldwide dedicated sales of Contemporary Asian Art in Hong Kong in the form of a Contemporary Asian Art Sale held twice yearly in April and in October. The newly-consolidated Contemporary Asian Art Sale will include exceptional works such as those from China, Japan, Korea and other Southeast Asian countries.

August 14, 2008 Posted by | Art Fairs, Artists, News, photography, raw art gallery, Uncategorized | , , | Leave a comment

Sotheby’s Releases More Details on Damien Hirst Two Day September Sale

Work on Beautiful Inside My Head Forever – a major Sotheby’s auction of new works by Damien Hirst – has progressed and the full scope of this ground-breaking auction can now be revealed. Including a whole new body of work that covers the complete range of Hirst’s output and more, the auction will run over two days, commencing with an Evening Sale on Monday, 15 September, and continuing throughout the following day (Tuesday, 16 September) with a morning and afternoon session.

The two day sale, which will include 223 lots, is expected to realise a sum in excess of £65 million. Estimates will range from around £15,000-20,000 (for a range of new drawings) up to the £8,000,000-12,000,000 estimate attached to The Golden Calf –the monumental and arresting centre-piece of the sale. Among the works to be offered will be new and exciting variations on many of the key themes that have defined Hirst’s work to date.

Damien Hirst said: “After the success of the Pharmacy auction, I always felt I would like to do another auction. It’s a very democratic way to sell art and it feels like a natural evolution for contemporary art. Although there is risk involved, I embrace the challenge of selling my work in this way. I never want to stop working with my galleries. This is different. The world’s changing, ultimately I need to see where this road leads.”

The Day Sale
With some 160 or so works to be offered in the course of the morning and afternoon sessions, the Day Sale will bring to the market a wealth of new works – across a wide range of estimates – embracing everything from spot paintings and drawings to butterfly glosses and grids, and more.

The Charity Element
Coinciding with the 20th anniversary of the celebrated Freeze exhibition curated by Hirst in London, which launched the careers of Hirst and his contemporaries, Beautiful Inside My Head Forever affirms Hirst’s position as a boundary breaker and as an artist who has never worked in the traditional vein. At the same time, the sale re-affirms Hirst’s continued commitment to the support of charitable causes.

In February this year, Hirst joined forces with singer Bono to spearhead the (RED) auction – a record-breaking sale held at Sotheby’s in New York, whose purpose was to raise money for the United Nations Foundation to support HIV/AIDS relief programs in Africa, conducted by The Global Fund to Fight AIDS, Tuberculosis and Malaria. The sale, which included works donated by artists such as Anish Kapoor, Marc Quinn, Marc Newson, Keith Tyson, Takashi Murakami and Banksy, realised $42.58 million – making it the most successful charity auction of contemporary art ever staged. Continuing that tradition, September’s sale will include four works to be sold to benefit charities especially designated by Hirst. They are:

Beautiful Love Demelza Painting with Beautiful Butterflies (lot 30, est: £400,000-600,000) to be sold to benefit Demelza, Hospice Care for Children: http://www.demelzahouse.org/  

Beautiful Love Survival Painting with Beautiful Butterflies (lot 8, est: £400,000-600,000) to be sold to benefit Survival International: http://www.survival-international.org/  

Beautiful Love Strummerville Painting with Beautiful Butterflies (lot 109, est: £400,000-600,000) to be sold to benefit Strummerville – the Joe Strummer foundation for new music – aiming to create new opportunities for aspiring musicians: http://www.strummerville.com/  

Beautiful Love Kids Co Twenty-Five to Ten Painting with Beautiful Butterflies (lot 209, est: £400,000-600,000), to be sold to benefit Kids Company – a charity founded by Camila Batmanghelidjh in 1996 in order to provide practical, emotional
and educational support to vulnerable inner-city children and young people: http://kidsco.org.uk/  

Alongside these will be:
Bill with Shark (lot 203, est: £200,000-300,000) – an oil painting, to be sold on behalf of the Bill & Melinda Gates Foundation, based on a photograph by Jean Pigozzi, showing Bill Gates looking at shark-in-formaldehyde sculpture by Hirst. Proceeds from the sale of the work will benefit the Bill & Melinda Gates Foundation, which aims to help reduce inequities in the United States and around the world: www.gatesfoundation.org 

July 30, 2008 Posted by | Art Exhibitions, Artists, News, photography, raw art gallery | , | 1 Comment

World Record Price for Corinthia by Jean-Leon Gerome at Sotheby’s

After Old Master Paintings & Drawings, Sotheby’s sale of 19th Century Paintings & Drawings brought a total of €2,482,425 from 147 lots. Sculpture specialist Ulrike Goetz was “very happy that a masterpiece by one of the most talented artists of the 19th century should find a place of honour in the Musée d’Orsay. Corinthia was Gérôme’s last work, done at the end of his life, and this was the only version of the subject completed during his lifetime.”

July 2, 2008 Posted by | Artists, News, raw art gallery | , , | Leave a comment

Sotheby’s Sale of Contemporary Art to Feature Works by Indian Contemporary Artists

Indian artists such as Subodh Gupta (b. 1964), Bharti Kher (b. 1969) Anish Kapoor (b. 1954), Raqib Shaw (b. 1974) and T.V. Santhosh (b 1968  are an ever-growing force in Sotheby’s international sales of Contemporary Art – in addition to the company’s regular dedicated sales of Indian Art – and this summer’s major series of Contemporary Art sales in London will see this trend gather further momentum still. The sales on Tuesday, July 1 and Wednesday, July 2, 2008, will present a total of eight works by these cutting-edge and highly sought-after names and together the works are estimated in excess of £2 million.

June 26, 2008 Posted by | Art Exhibitions, Artists, News, photography, raw art gallery, Uncategorized | , , | Leave a comment

The Golden Calf by Damien Hirst Headlines Groundbreaking Sotheby’s Auction of Work by Artist

Sotheby’s London will present Beautiful Inside My Head Forever, a major auction of new works by Damien Hirst, on the15th and 16th of September 2008. Beautiful Inside My Head Forever is an historic sale which incorporates an extraordinary range of works by Mr. Hirst, all created over the past two years.

From monumental formaldehyde sculptures to new paintings which expand on the artist’s classic themes such as butterflies, cancer cells and pills; from exquisite new cabinets to insightful preparatory drawings, the works in the sale document the full breadth of the artist’s creative output.

Coinciding with the 20-year anniversary of the celebrated Freeze exhibition curated by Mr. Hirst in London, which launched the careers of Hirst and his contemporaries, the auction affirms Hirst’s position as a boundary breaker; one who has never been just an artist working in the traditional vein.

Beautiful Inside My Head Forever follows the now legendary Pharmacy auction, organised by Sotheby’s in 2004, which raised £11.1 million. The auction attracted an unprecedented number of bidders, many of whom spent hours queuing before the sale, eager to bid for a work by the UK’s leading 21st-century artist.

Damien Hirst said: “After the success of the Pharmacy auction, I always felt I would like to do another auction. It’s a very democratic way to sell art and it feels like a natural evolution for contemporary art. Although there is risk involved, I embrace the challenge of selling my work in this way. I never want to stop working with my galleries. This is different. The world’s changing, ultimately I need to see where this road leads.”

The centerpiece of the auction, The Golden Calf, is a monumental new sculpture: a bull in formaldehyde, whose head is crowned by a solid gold disc and whose hooves and horns are cast in 18- carat solid gold. Encased in a gold-plated stainless steel and glass box, it measures 215.4 by 320 by 137.2 cm. This exceptional work, which unites the artist’s interests in science, religion, beauty and death, is estimated to realize £8-12 million.

Cheyenne Westphal, Chairman Contemporary Art Sotheby’s Europe and Oliver Barker, Sotheby’s Senior International Specialist, said: “Damien Hirst is the leading artist of his generation. The extraordinary body of new work to be showcased at Sotheby’s is among his best yet: ambitious, exquisite and incredibly powerful.”

Jay Jopling said: “Damien has always been a mould breaker and I’ve stood alongside him in all his ventures including his strategic forays into the auction world, which have certainly helped to broaden his market. 8,601 flawless diamonds notwithstanding, ours has never been a traditional marriage and I look forward to many more adventures to come.”

Gagosian Gallery said: “As Damien’s long-term gallery, we’ve come to expect the unexpected. He can certainly count on us to be in the room with paddle in hand.”

June 22, 2008 Posted by | Artists, News, raw art gallery, Uncategorized | , , , | 1 Comment

Sotheby’s to Offer Untitled (Pecho/Oreja) by Jean-Michel Basquiat

SOTHEBY’S forthcoming Contemporary Art Evening Sale will be highlighted by Jean-Michel Basquiat’s early masterpiece, Untitled (Pecho/Oreja), 1982-83. The work will be offered on Tuesday, July 1st, 2008 and comes from the joint collection of Irish rock band U2. It is estimated at £4-6 million. The painting was first spotted by U2’s bassist Adam Clayton at the Robert Miller Gallery in New York. The band acquired Untitled in 1989, and it has since resided in their Dublin studio.

Oliver Barker, Senior Specialist, Sotheby’s Contemporary Art department, said: “It seems especially appropriate that a work by Basquiat should end up at a music studio, since so much has been said about the relationship between his art and music.”

Painted when the artist was just 22 years old, Untitled (Pecho/Oreja) exhibits a sublime combination of imagistic cacophony and compositional economy. The brilliantly delineated head, a motif that continued to underpin Basquiat’s work for the rest of his brief career, stands as both idiosyncratic self-portrait and skull-like talismanic call-sign. This painting was executed during 1982, a year of unprecedented success for the fledgling artist, having held his first solo exhibitions at major galleries including Gagosian in Los Angeles and Bruno Bischofberger in Zurich. Towards the end of that year, Manhattan dealer Annina Nosei became Basquiat’s primary dealer, and the artist moved into a studio in the basement of his new gallery. Here, he was at last able to paint freely and early on, he produced a prodigious group of masterworks.

Untitled (Pecho/Oreja) is scattered with the iconic marks and signs of Basquiat’s incomparable aesthetic vocabulary, characteristic of his best work from this early period. The highly stylized face evokes both the primitive scribbles of a child and the elaborate iconography of ancient African reliquary masks, both important influences on the young Basquiat who, like his hero Picasso, interrogated long-forgotten artistic traditions in his interpretations of contemporary visual culture.

In May 2007, Sotheby’s established a world record at auction for Jean-Michel Basquiat when it sold Untitled, a masterpiece dating from 1981, for $14.6 million in New York. Since then, the company has offered further outstanding works by the artist including Untitled (Electric Chair), 1981-82, which sold for $11.8 million in November 2007, and Untitled (Prophet I) from the same period, which sold for $9.5 million in May 2008.

June 14, 2008 Posted by | Art Fairs, Artists, News, raw art gallery | , , | Leave a comment

Jean-Leon Gerome’s Masterpiece Corinthia will be Auctioned at Sotheby’s in Paris

Sotheby’s next sale in Paris of 19th Century Paintings & Drawings, on June 25, features a sculptural masterpiece by Jean-Léon Gérôme (1824-1904): the original plaster model for Corinthia, consigned by Gérôme’s descendants. The definitive marble version, unfinished when Gérôme died, was completed by his assistant Emile Décorchement and shown at the Salon of 1904. This plaster sculpture of exceptional quality, adorned with elements in wax, represents a perfect example of Gérôme’s work, blending realism with Art Nouveau decorative inspiration, and fully illustrating his talent as a sculptor.

June 8, 2008 Posted by | Artists, News, raw art gallery, Uncategorized | , , , , , | Leave a comment