A previously unknown watercolour painting attributed to British artist J.M.W. Turner, submitted by a member of the public through Christie's digital appraisal service, is set to go under the hammer in New York with an estimated value of $300,000 to $500,000. The painting, titled "The approach to Venice or Venice from the lagoon" (circa 1840), was reattributed to Turner by Christie's experts after being submitted for appraisal.
https://www.theartnewspaper.com/2025/01/09/watercolour-submitted-online-to-christies-found-to-be-by-turnerProfessor Mei Jianping, a finance professor at the Cheung Kong Graduate School of Business in Beijing, has launched three art indices that track price trends and sentiment in China's art market. The MM Global Impressionist Price Index and the MM Global Contemporary Art Price Index are based on auction data from leading houses such as Sotheby's, Christie's, and Phillips across major global markets. According to the 2024 MM Chinese Art Index, Chinese art has outperformed global art trends with a compound annual growth rate of 9.3% since 2000, despite a market contraction in 2024. The index also highlights key artists such as Zao Wou-Ki and Wu Guanzhong whose works exhibit exceptional market liquidity.
https://www.prnewswire.com/news-releases/ckgsb-professor-mei-jianping-launches-global-indices-tracking-impressionist-contemporary-and-chinese-art-markets-302340317.htmlA painting by Vincent van Gogh, "Portrait of Dr Gachet", sold for $US82.5 million at a Christie's auction in Manhattan on May 15, 1990, setting the record for the most expensive work of art ever sold at auction. The painting was completed just weeks before Van Gogh's death by suicide and depicts his physician, Dr Paul Gachet, in his garden.
https://www.smh.com.au/world/europe/the-search-for-van-gogh-s-lost-masterpiece-20241220-p5l01e.htmlThe Museum of Fine Arts in Boston has consigned 17 deaccessioned paintings by Dutch and Flemish artists to be sold at auction at Christie's in New York, with estimates suggesting they could fetch between $2.5m and $3.8m. The works include pieces by notable artists such as Rubens, Rembrandt, and van Dyck, which were donated to the museum by Boston-area couples Rose-Marie and Eijk van Otterloo and Susan and Matthew Weatherbie in 2017. The proceeds from the sale will go towards future acquisitions for the Dutch and Flemish collection at the MFA Boston.
https://www.theartnewspaper.com/2024/12/12/museum-fine-arts-boston-deaccessioned-old-masters-christies-auctionThe art market experienced a decline this year, with top-end sales failing to recover from pre-pandemic levels. Auction houses Sotheby's and Christie's both opened new headquarters in Hong Kong, but saw sales fall for the second consecutive year. The demand for ultra-contemporary work also decreased significantly, putting pressure on major players in the industry. This trend was evident at Art Basel Hong Kong, which held its first full-scale edition since the pandemic, as well as other auction houses that expanded their operations in the city.
https://www.theartnewspaper.com/2024/12/12/the-year-in-review-slump-squeezes-biggest-players-and-frieze-for-saleA Christie's auction house in London is hosting "Classic Week" events, featuring a range of artworks and collectibles for sale. The events include the sale of an Anthony van Dyck portrait of a horse with a hidden landscape on the reverse, estimated to fetch up to 3 million pounds (RM17 million). Other notable items include prints by Rembrandt, a Beethoven music sketch leaf, letters written by Albert Einstein to his first wife Mileva Maric, and a robotic head.
https://www.malaymail.com/news/life/2024/11/30/two-sided-van-dyck-portrait-einstein-letters-highlight-christies-classic-week-sales/158486Elton John is selling a portion of his personal art and collectibles collection, known as the "Goodbye Peachtree Road" collection, through an auction at Christie's in New York City on February 13, 2024. The collection includes photographs, artwork, furniture, fashion items, and other collectables that showcase Elton John's eclectic taste and style.
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