Art Market News of the Day

June 7, 2012 by Artsnapper 0 Comments

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Li Keran’s Painting from 1964 Sold for $46 Million in Beijing Poly Auctions

via eXtravaganzi about an hour ago

Many probably have not heard about Chinese artist, Li Keran. If we tell that his painting Landscape in Red sold for $46 million, the vast majority will remember this Chinese prominent artist. His painting Wan Shan Hong Bian (Thousands of Hills in A Crimsoned View) fetched a stunning 293.25 million yuan ($46 million), a record for the [...]

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Deadbeat Collectors Without Borders

via Hyperallergic earlier todayLOS ANGELES — Is China the undisputed king of the art market? That’s a question posed by Hyperallergic a few months ago, when we learned that the country makes up the highest number of auction results. A stunning 12.1% of art works sold in Asia sell for between $100,000 and $1,00,000 (as compared to 2.2% for the rest of the world).

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Zhang Huan: Synchronicity Rising

via Canadian Art – Online earlier todayWith his radical staging of a Handel opera generating criticism this spring, superstar Chinese artist Zhang Huan challenged Toronto, and it challenged him back. Now, Gillian MacKay considers this debate and other Zhang projects in the city.

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Interview with Art Dealer Charles Guice

via Dodge & Burn: Diversity in Photography History earlier todayD&B: Tell us about the trajectory that led you to become a contemporary art dealer.
CG: The trajectory that led me to become a contemporary art dealer is a relatively easy one to follow. I was always interested in art; my parents collected and, even as a child, I went to a museum at least once a week. As it happened, my father’s avocation was art. He drew, painted, played guitar, sculpted and photographed. He even learned to play the cello in his mid-life, which he continues to play now aged 80…

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Watering down whisky’s appeal | John Burnside

via Life and style | guardian.co.uk earlier todayDiageo’s investment in whisky production is welcome, but we must not allow market-driven ‘innovations’ to erode its genius

The drinks giant Diageo has announced that it is to invest £1bn in its whisky production facilities over the next five years , in order to meet growing demand from Asia, South America and Africa. Promising that this move would create a thousand…

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Morning Links: New York Public Library Edition

via GalleristNY earlier todayA rebel group in Mali wants to destroy thousands of ancient manuscripts, and has already defaced an ancient tomb. [The Art Newspaper]

Christie’s held a white-glove Old Masters auction yesterday (every lot sold), with a Romanino making $4.6 million. [Art Daily] …

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“Successful artists don’t just pop up out of the blue”

via Freie Universität Berlin – Freie Universität Berlin earlier todayWith wide eyes and an open mouth, the figure stands on a bridge, covering its ears: The expressionist masterpiece The Scream, by Norwegian painter Edvard Munch, is one of the world’s best-known paintings. There are four versions of the image, three of them owned by the Norwegian government. A few weeks ago, the fourth was sold at auction at Sotheby’s in New York, setting a record for the winning bid, at 119.9 million dollars. Gallery operator Harriet Häussler, who holds a doctorate in art history, examines how the market for art works in a seminar at the Department of Art History at Freie Universität…

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China’s auction houses take on established players

via Plush earlier todayToday, they are among the world’s biggest by revenue, posing a serious challenge to the likes of Sotheby’s and Christie’s.

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Letter from London: The Olympia Fair

via Everett Potter’s Travel Report earlier todayBy Sallie Brady For more than a decade now I’ve set off around this time to do London in June. The Season, as it’s known, typically includes Ascot and Wimbeldon… Continue reading »

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MutualArt Watchlist: Chinese Contemporary Artists

via Huffington Post earlier todayNavigating the rapidly developing contemporary art scene in China is no easy task. Few museums or independent critics exist to verify leading contemporary artists, and many of the avant-garde are restricted by the government — Ai Weiwei being the notorious example.

Yet even with China’s cooling economy, Hong Kong has emerged as the world’s third largest art auction center after New York and London…

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