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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, weekly 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
Spring Art Auctions: $1.4 Billion in Two Weeks
A surge in overall contemporary art sales at this year’s spring auctions, a two-week series that began with Impressionist and modern art, helped propel the season to $1.4 billion, one of the highest totals in recent years, but still below the $1.75 billion peak of the previous market boom reached in fall 2007 (ANL, 11/27/07).
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Sotheby’s Holds Its Own With Solid Contemporary Sale
The contemporary art market powered on at Sotheby’s on May 9 when $266.6 million was garnered, well within the $216 million/304 million estimate, establishing another batch of record prices.
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Results Are Mixed At Regional Auction House Sales
A Cubist-style design by Le Corbusier, woven into an Aubusson tapestry and titled Bogota, 1950, was the top lot at the Los Angeles Modern Auctions May 6 sale of modern art and design, earning $131,250 and outpacing its $40,000/60,000 estimate.
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2012
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