Tag: Christie’s

$90 Million Hockney Smashes Record for a Living Artist Amid Broad Market Shift

A celebrated and enigmatic painting of two men and a turquoise pool by David Hockney sold at Christie’s on Thursday night for $90.3 million with fees, shattering the auction record for a living artist and cementing a major broadening of tastes at the turbocharged top end of the market. The […]

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Hopper Painting Sells for Record $91.9 Million at Christie’s

He is America’s most celebrated painter of the solitary realities of 20th century life. But Tuesday night at Christie’s, Edward Hopper joined the unreality of today’s art market when his 1929 painting “Chop Suey” sold for $91.9 million, with fees, an auction high for the artist. The previous high for […]

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How Financial Products Drive Today’s Art World

LONDON — How does one invest in art without going through the complications of buying and owning an actual artwork? That is the question behind financial products for investors attracted by soaring art prices but intimidated by the complexity and opacity of the market. It is why art funds were all the rage in the […]

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Celebrities Love Old Masters, but Will Collectors Fall for Them?

LONDON — How do you make the old new? The art trade here faced that perennial challenge as old master auctions, the Masterpiece fair and the London Art Week gallery trail tried to reinvigorate interest in artworks and objects from before the 20th century. Such art isn’t exactly on-trend. Last year, European old masters represented […]

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How Tastes Have Changed: ‘Imps and Mods’ Stutter at London Auctions

LONDON — It’s a commonplace of the art market that Impressionist and modern art is not the force it once was. Thirty years ago, it was the most expensive in the world, with paintings by Gauguin, Monet, Renoir and Van Gogh achieving eight-figure prices at black-tie auctions at Sotheby’s and at Christie’s, in London and […]

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