ARTnewsletter

Artist Pension Trust Expands Worldwide

NEW YORK—In 2004, former Whitney Museum of American Art director David Ross (now director of Albion Gallery, New York) and several Manhattan art dealers, including Jack Tilton and Jeffrey Deitch, conceived the idea of creating a pension program for contemporary artists, to which the artists would contribute not money but their own artworks. Read more...

Uneven Demand for Contemporary Art at End-of-Year Paris Sales

PARIS—There were mixed results for sales of contemporary art in Paris last month. The high point of the series came in Sotheby's evening sale on Dec. 10, when a new auction record was set for a work by Pierre Soulages. His Peinture, 21 juillet 1958, sold to a French dealer for €1.52 million ($1.97 million) on an estimate of €800,000/1.2 million. Soulages's work has become a specialty of Sotheby's: the firm's inaugural contemporary sale in Paris, in July 2006, posted a then-record for the artist of €1.2 million ($1.5 million) for an untitled 1959 painting. Read more...

20th-Century British Art Draws Mixed Results at London Auctions

NEW YORK—Auctions of 20th-century British art at Sotheby's and Christie's in London on Dec. 9–12 yielded uneven results and modest sell-through rates. Read more...

Paris Auctions: Sotheby's and Christie's Pull Ahead of the Pack

PARIS—Overall 2008 auction sales totals—including decorative art, collectibles and other genres as well as fine art—showed Sotheby's and Christie's occupying the top two spots for the first time, simultaneously forging a huge lead over the rest of the field. Read more...

U.K. Seeks to Extend Exemption From Tax for Artists' Heirs

NEW YORK—Citing the global economic crisis, the British government announced it intends to extend its current exemption from a tax on the resale of works by deceased artists for an additional two years, until 2012. The resale tax currently in effect in the U.K. applies only to sales of works by living artists. Read more...

Phillips Design Sale Misses Low Estimate

NEW YORK—Phillips de Pury & Company's design sale, held in New York on Dec. 17, realized $2.2 million, down from the record £2.3 million ($4.3 million) total of its September sale in London and missing the $3.7 million low estimate. Read more...

AIPAD Elects Bulger As New President

NEW YORK—The Association of International Photography Art Dealers (AIPAD) announced that dealer Stephen Bulger has been elected to a two-year term as the organization's president, beginning the first of this year. Read more...

Helmut Newton Stars at Christie's Constantiner Sale

NEW YORK—Christie's sale of photographs from the collection of Leon and Michaela Constantiner on Dec. 16–17 realized $7.7 million. Read more...

AXA Art Warehouse Survey Finds 'Great Art in Bad Places'

NEW YORK—"A lot of great art is stored in really bad places," said Christiane Fischer, chief executive officer of AXA Art Insurance. Read more...

Sotheby's Milan Sculpture and Painting Auction: 52 Percent Sold

NEW YORK—Sotheby's sale of 19th-century paintings and sculpture in Milan on Dec. 18 realized €1.5 million ($2.2 million), down from the €2.4 million ($3.5 million) total of last December (ANL, 1/8/08). Read more...


Login Email Address: Password: Forgot your password? Subscribe Today Subscribe to ARTnewsletter today! As an added bonus you will receive free access to the searchable archive, and downloadable PDF versions of each issue.	Welcome to ARTnewsletter Written by the editors of ARTnews, the oldest and most widely-read fine arts magazine in the world, ARTnewsletter is a timely, topical, biweekly report on the art market. It is the indispensable resource for art professionals and serious collectors who need to follow art trends throughout the world. Inside the Current Issue Artist Pension Trust Expands Worldwide NEW YORK—In 2004, former Whitney Museum of American Art director David Ross (now director of Albion Gallery, New York) and several Manhattan art dealers, including Jack Tilton and Jeffrey Deitch, conceived the idea of creating a pension program for contemporary artists, to which the artists would contribute not money but their own artworks. Read more... Uneven Demand for Contemporary Art at End-of-Year Paris Sales PARIS—There were mixed results for sales of contemporary art in Paris last month. The high point of the series came in Sotheby's evening sale on Dec. 10, when a new auction record was set for a work by Pierre Soulages. His Peinture, 21 juillet 1958, sold to a French dealer for €1.52 million ($1.97 million) on an estimate of €800,000/1.2 million. Soulages's work has become a specialty of Sotheby's: the firm's inaugural contemporary sale in Paris, in July 2006, posted a then-record for the artist of €1.2 million ($1.5 million) for an untitled 1959 painting. Read more... 20th-Century British Art Draws Mixed Results at London Auctions NEW YORK—Auctions of 20th-century British art at Sotheby's and Christie's in London on Dec. 9–12 yielded uneven results and modest sell-through rates. Read more... Paris Auctions: Sotheby's and Christie's Pull Ahead of the Pack PARIS—Overall 2008 auction sales totals—including decorative art, collectibles and other genres as well as fine art—showed Sotheby's and Christie's occupying the top two spots for the first time, simultaneously forging a huge lead over the rest of the field. Read more... U.K. Seeks to Extend Exemption From Tax for Artists' Heirs NEW YORK—Citing the global economic crisis, the British government announced it intends to extend its current exemption from a tax on the resale of works by deceased artists for an additional two years, until 2012. The resale tax currently in effect in the U.K. applies only to sales of works by living artists. Read more... Phillips Design Sale Misses Low Estimate NEW YORK—Phillips de Pury & Company's design sale, held in New York on Dec. 17, realized $2.2 million, down from the record £2.3 million ($4.3 million) total of its September sale in London and missing the $3.7 million low estimate. Read more... AIPAD Elects Bulger As New President NEW YORK—The Association of International Photography Art Dealers (AIPAD) announced that dealer Stephen Bulger has been elected to a two-year term as the organization's president, beginning the first of this year. Read more... Helmut Newton Stars at Christie's Constantiner Sale NEW YORK—Christie's sale of photographs from the collection of Leon and Michaela Constantiner on Dec. 16–17 realized $7.7 million. Read more... AXA Art Warehouse Survey Finds 'Great Art in Bad Places' NEW YORK—"A lot of great art is stored in really bad places," said Christiane Fischer, chief executive officer of AXA Art Insurance. Read more... Sotheby's Milan Sculpture and Painting Auction: 52 Percent Sold NEW YORK—Sotheby's sale of 19th-century paintings and sculpture in Milan on Dec. 18 realized €1.5 million ($2.2 million), down from the €2.4 million ($3.5 million) total of last December (ANL, 1/8/08). Read more...