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The art market in 2023: shaky year for heavily guaranteed single-owner sales

Middling performance of such auctions throughout 2023, with high costs and some sales coming in below their estimates, made a “sure thing” look less so

Wang weiHong kongNew yorkUnited statesWhitney museum of american artPaulette jourdainGerald finebergLiu yiqianFisher landauEmily fisher landauMo ostinLong museumTriton collection foundationBig threeWhitney museumAmedeo modigliani

The Back Room: All at Sea

This week in the Back Room: charting November’s auction results, India’s new art center, a hot lot by Ambera Wellmann, and much more.

New yorkUnited statesCity ofUnited kingdomNova scotiaMetropolitan museum of artMehdi georges lahlouMohamed almusibliRobert zhao renhuiSheena wagstaffRichard huntTash perrinKunsthalle baselRanjit hoskoteSam mckinnissStan vanderbeek

Phillips s $154 6m New York double-header is both just good enough—and historically successful

The house’s two-part auction fell short of the low estimate but still became its second-best showing ever by dollar value

United kingdomFrance generalNew yorkUnited statesGeorges braqueAbstraktes bildGerhard richterEva gouelPablo picassoLynne drexlerRobert manleyMiety heidenJoan mitchellWillem cordiaGeorg baselitz ein roterAmbera wellmann

Subdued Phillips New York Evening Sale Generates $156 M With Fees – ARTnews com

Hammer prices for works by artists such as Alexander Calder, Degas, Joan Mitchell, Gauguin and Picasso failed to reach low-estimates.

Hong kongCity ofUnited kingdomNew yorkUnited statesRobert manleyPaul gauguinVenice biennaleGerhard richterEdgar degasAmbera wellmann ritzAbstraktes bildGino severiniEmily fisher landauPablo picassoBen sledsens

Phillips Back-to-Back Sales Total US$154 6 Million, With Few Fireworks

The sales, which included the Triton Collection Foundation, fell short of expectations, but the total result was the second highest for the auction house

Pierre bonnard autoportraitJean paul riopelle arianeLes nabisBen sledsensAbstraktes bildAmbera wellmann ritzKeesjan cordiaRobert manleyWillem cordiaGerhard richterTriton collection foundationTriton collection foundation fernand leNew yorkJoan mitchellPablo picassoPierre bonnard

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