Notes related to Auction
THE PRICE OF ART: BEYOND THE MILLION-DOLLAR HYPE
The art market stands out as a unique and enigmatic sector, notoriously difficult to measure and largely unregulated. Yet, it never fails to captivate the media, drawing attention with its dazzling multimillion-dollar sales and the alluring glamour of art collecting.
ART MARKET: NEW SECTION AT ARTE AL DÍA
It is with great enthusiasm that we announce the inauguration of a new section in our magazine, dedicated to the fascinating and dynamic art market. This section is designed to serve both experts and news collectors as well as enthusiasts who wish to enter, participate, and better understand this exciting world. The section benefits from the guidance and advice of María Sancho-Arroyo, an expert in the field.
A BUYER’S MARKET: OPPORTUNITIES AMID UNCERTAINTY
Last week's New York auctions, dubbed "Giga Week," saw art sales soar to an impressive $1.4 billion. This significant figure follows numerous sales at bustling art fairs over the past two weeks. While this amount represents a 22% decrease from the same week in 2023, and 55% less from 2022, auction houses performed admirably given the current challenging economic and political climate.
LATIN AMERICAN ART TRIUMPHS AT AUCTION
The NY spring season has concluded with the major auctions of Contemporary and Modern art. While the sales have not been a disaster, most lots have sold either below or close to the low estimate, with some last-minute withdrawals. One year ago, the May sales already marked a clear recalibration of prices. Over the past 12 months, the market has continued its slowdown, and this week's sales have confirmed the trend. It is not a brusque fall or a crash, but a slow-motion downward spiral in prices, with very few but exciting surprises.
LEONORA CARRINGTON'S BID FOR LATIN AMERICAN RECORD
Leonora Carrington’s painting "Les Distractions de Dagobert" (1945), valued between $12 to $18 million, is generating considerable excitement as it heads to auction at Sotheby's this May. Having been in an American collection since 1995, its upcoming sale not only reflects the escalating market demand for Carrington's pieces but also underscores the rising interest in female Surrealist artists.
A NEW EDITION OF THE MALI AUCTION TO CELEBRATE PERUVIAN ART
On April 6, the emblematic auction of the Museo de Arte de Lima - MALI returns in its XXXI edition at Casa Prado. The event will feature more than 60 pieces of art divided into micro sessions that mark a journey from historical to contemporary.
THE MALI AUCTION CELEBRATES ITS 30TH EDITION
On November 18, the iconic auction of the Museo de Arte de Lima (MALI) celebrates its 30th edition. This year, the auction will be held at Hotel B. with more than 60 pieces of art by some of the most outstanding artists in the history of Peruvian art.
MALI 2023 ART AUCTION
The Museo de Arte de Lima presents this May 31 the 29th edition of its traditional Art Auction.
THE SELF-PORTRAIT THAT BROKE RECORDS FOR FRIDA KAHLO AND EDUARDO COSTANTINI
At a Sotheby’s auction, the Argentine businessman and collector acquired Diego y yo (1949) for $ 34.8 million. Thus, the oil painting became the most expensive work in the history of Frida Kahlo, in the history of Latin American art, Mexican art and by a woman artist from the region.
OF YESTERDAY AND TODAY. HILARIO ONLINE AUCTION
The gallery Hilario. Artes Letras Oficios, from Buenos Aires, presents a new online auction, this time with seventy-eight lots, always with its boutique auction house style with highly selected and studied works.