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Sotheby s reframes November marquee sales in New York & adds new contemporary evening auction: The Now

Abstract masterpiece by Kandinsky emerges after half a century

Abstract masterpiece by Kandinsky emerges after half a century
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Christie s to offer Xu Beihong painting for £41m—highest estimate put on an Asian work by a Western auction house

Xu Beihong s Slave and Lion (1924) Courtesy of Christie s Christie s will offer an early oil painting by the 20th-century Chinese Realist artist Xu Beihong with a price tag of £32m to £41m, the highest estimate placed on an Asian work of art by a Western auction house. Slave and Lion (1924) will be presented in a single lot sale, immediately after Christie s 20th and 21st century Evening Sale in Hong Kong on 24 May. The most expensive Asian work sold by Christie s currently stands at £41m for Wood and Rock, an 11th-century handscroll by the Chinese calligrapher Su Shi. However, the Xu work will need to surpass its high estimate to beat the record holder for an Asian work sold by a Western house a ten-metre oil painting by the late Chinese-French artist Zao Wou-ki that made £46.4m at Sotheby s in Hong Kong in 2018.

The world s most expensive sculptures at auction

The world s most expensive sculptures at auction CNN 1/7/2021 © Giacometti Foundation Chariot (1950) by Alberto Giacometti Humankind has had artistic impulses dating back to at least the Paleolithic era, when the earliest known cave paintings and stone figurines were created. And for untold years, humans have collected these works of art. Christie s and Sotheby s, the auction house duopoly, have brought buyers and sellers together for centuries, with buyers competing in adrenaline-pumping bidding wars. © CHRISTIE S IMAGES LTD. 2020 Rabbit (1986) by Jeff Koons While the art market has experienced ups and downs along with the wider economy, it has seen giddy highs in recent decades, with some of the major auctions setting records for various artists in a single night. The most expensive artwork ever sold at auction was Leonardo da Vinci s painting of Christ, Salvator Mundi, which hammered down at an unbelievable $450.3 million in 2017 at Christie s.

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