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Speculation Threatened to Derail Dana Schutz s Market Here s How She and Her Dealers Wrested Rebuilt It on Solid Ground
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Longtemps sous-estimés, voire ignorés : Les peintres noirs prisés comme jamais sur le marché de l art
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We bring you the inside scoop on who is selling what.
May 13, 2021
Auction houses remain mum about consignors for big ticket lots but we ve got you covered. Photo by Fairfax Media via Getty Images via Getty Images.
The Art Detective is a weekly column by Katya Kazakina for Artnet News Pro that lifts the curtain on what’s really
going on in the art market.
While Sotheby’s won this auction season’s largest collection Texas rancher Anne Marion’s $150 million trove rival Christie’s had to put together its sales more or less lot by lot.
It was difficult. Christie’s had to reel in sellers with aggressive guarantees. One of the its biggest fish was private equity executive Thompson Dean.
In This Case (1983) Image courtesy Christie s Images Ltd.
A skull-head painting by Jean-Michel Basquiat soared to $93.1 million at Christie’s on Tuesday, offering the first glimpse of the demand for high-end art as the world begins to emerge from the pandemic.
The work accounted for nearly half of Christie’s $210.5 million haul for its 21st-century evening sale. The total, which included fees, surpassed the low presale target of $145 million. Of the 39 lots offered, just two didn’t find buyers and new records were set for 11 artists. Asian buyers snapped up 25 percent of lots, including another Basquiat and a Dana Schutz canvas.