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More than US$1.3 billion worth of art sold this week in NYC James Tarmy, Bloomberg News VIDEO SIGN OUT Change is in the air. The auction market, long dominated by work made by White men, is demonstrating some semblance of market diversityânot only in whatâs offered, but also by how much people are willing to pay. âIn a way, the headline this week is about diversity in so many ways,â says Bonnie Brennan, president for the Americas at Christieâs. âNot only in the artists themselves, but the [artworksâ] medium, style, and price points.â Yes, she continues, there were solid results for established names, âbut the more electric moments this week have been around newer and more emerging artists.â ....
Andy Warhol s Elvis 2 Times Courtesy of Sotheby s Fourteen choice lots from the collection of the fourth generation Texas rancher and storied art patron Anne Marion, who died last year at age 81, fetched $134.4m ($157.2m with fees) at Sotheby’s single-owner sale last night in New York. But Marion’s sophisticated eye seems to have encountered some blind spots in a changing market more attuned to lighter weight, contemporary fare. The venue was certainly appropriate in that the heiress was married to John L. Marion, the onetime chairman and star auctioneer of Sotheby’s. The collector didn’t just use her inherited fortune to buy art she was the driving patron behind the $65m expansion of the Modern Art Museum of Fort Worth (designed by Tadao Ando) and with her husband John L. Marion, formed the Georgia O’Keeffe Museum in Santa Fe New Mexico in 1997. ....
Versus Medici (1982). Image courtesy Sotheby s. Sotheby’s marathon series of auctions on Wednesday evening felt like something of a return to normalcy, if only because, for the first time in more than a year, there were actually a few dozen collectors present in the New York salesroom. In keeping with our new reality, the sale was also very much a hybrid affair: auctioneer Oliver Barker beamed in from London and specialists manned phone banks in Hong Kong and London as well as New York. The auction house packed three separate sales an estate offering, a postwar and contemporary art sale, and an Impressionist and Modern coda into a nearly five-hour marathon. In all, the evening generated $597 million a more than 60 percent increase on its equivalent megasale mid-lockdown last June. (Read our report on the Imp-Mod segment of the sale here.) ....
The private collection of the late American philanthropist and art collector Anne Marion will be unveiled at Sothebyâs in New York, ahead of a number of sales in May. Her collection, anchored by post-war American art, is estimated in the region of $150 million (â¬125m). She was the fourth generation of the Texan Burnett ranching dynasty, whose distinctive red and white barn was used as the backdrop for Marlboro cigarette advertising in the 1960s and 1970s. She died of lung cancer in February 2020. The family owned more than a third of a million acres at their 6666 ranch, one of the largest in the Lone Star State. ....