Auctioneers
House Auctions
News & Events
Home
Online Gallery
Irish Directory

Recent Results
People & Places

 

 


Yahoo! Babel Fish Translate into 12 languages

Next House Auction
Watch this space
View items already in stock

Are you looking for
Antiques in Ireland?
Click here to see
our comprehensive
directory

Send us an email
or
Join our e-mail list

News & Events

General listing of events and news from the world of Antiques and Fine Art

To have your event listed on our site contact us with the details

 

NEWS


Deprecated: Function eregi() is deprecated in /home/loughlinbowe/loughlinbowe.com/cutenews/inc/shows.inc.php on line 20

Deprecated: Function eregi() is deprecated in /home/loughlinbowe/loughlinbowe.com/cutenews/inc/shows.inc.php on line 20
Steel-plated and copper-bottomed – the origins of the tank in 1915
The $11m flag
Princess Margaret sale nets £11.6m
COBRA - "Vehement painting"
The London School June 2006
Loughlin Bowe now accepting items for next auction
David Hockney [Apr 06]
The Views of Venice at the top of Old Masters sales
Explosion of prices in New York [Apr 06]
Contemporary art: record prices!

<< Previous Next >>



Deprecated: Function eregi() is deprecated in /home/loughlinbowe/loughlinbowe.com/cutenews/inc/shows.inc.php on line 20

Deprecated: Function eregi() is deprecated in /home/loughlinbowe/loughlinbowe.com/cutenews/inc/shows.inc.php on line 20
Contemporary art: record prices!
New York sales of contemporary art have confirmed the exceptional dynamism of this market in mid season.

Over three days – from 9 to 11 May – Sotheby’s, Christie’s and Phillips managed to sell no less than 77 works of contemporary art over the USD 1 million mark. During May 2005, only 44 pieces reached the 1 million mark, and in May 2001 the figure was just 24.

As a result of these latest outstanding sales, a number of new records have been generated. Among the highest… USD 14 million for Roy LICHTENSTEIN’s Sinking sun (1964)… USD 8.6 million for a large format Robert RYMAN created in 1962… and USD 3.2 million for one of David HOCKNEY’s “Californian” paintings.
One of the most surprising records was the USD 2 million fetched by Andreas GURSKY’s “99 Cent” in a session that went so “high” that it was conducted in almost complete silence. now holds the title of “world’s most expensive contemporary photographer”. However, Edward Steichen holds the all-time auction record for a photograph (all periods combined) after his “The Pond, Moonlight” (1904) sold for USD 2.6 million on 14 February of this year.
These latest auctions have significantly accelerated the speed of price inflation in the field of contemporary. After progressing 18% between May 2003 and May 2004, then 9% the following year, the Artprice Global Index is now showing a 41% increase over the last 12 months. This is the sharpest rise ever recorded on this segment of the market.


0 comments