Art Collector IQ’s Post

The biggest auction week of the year so far concluded in New York with total blue-chip contemporary paintings sales amounting to USD 890 million. Despite the disruption due to a cyberattack on Christie’s, the four main auction houses again competed at the highest levels, offering top-quality artworks from prominent collections and achieving slightly better results than the same time last year. Read our report for an analysis of the auction results and highlights by Leonora Carrington and Jean-Michel Basquiat. #arteducation #bluechipart #artinvesting #artinvestment

With auction results coming in at 6% above the average pre-auction estimates and a sell-through rate of 92%, the crucial spring auction week in New York demonstrated that, despite a challenging market environment, the blue-chip contemporary paintings segment continues to perform solidly. People will rightly claim that there has been a lack of mega transactions exceeding USD 50 million. However, this does not reflect the overall strength of the blue-chip art market as the segment of works sold above USD 50 million operates under different dynamics and is dominated by a small number of billionaires. #diversification #artinvesting #artinvestment #bluechipart

Curious about the latest trends in the art market? The Sotheby’s auction on November 13th, 2024, in Paris showcased a captivating selection of artworks from 1400-1900, including pieces from a renowned Symbolist collection. With a total auction value of €2.4 million and some surprising results, this event gives a unique insight into contemporary collector preferences. While the auction revealed a steady appetite for mid-tier artworks, it also highlighted the cautious sentiment among buyers, resulting in notable unsold lots. Georges de Feure shone brightly, claiming top sales with pieces like "Woman with an Iris" exceeding expectations. However, some works from even celebrated artists didn't find buyers, underscoring the importance of provenance and artistic relevance. Want to explore the detailed highlights and implications of this auction? Check out the full report here: [Art Collector IQ Report](https://lnkd.in/ePFPwMZ7) #Sothebys #GeorgesdeFeure #ArtMarket #Symbolism #ArtCollectors #AuctionResults

When Comedian first appeared, it was a punchline - a well-aimed shot at the hyper-commercialization of art and the empty spectacle that often drives the market. It was the art world, for a brief second, laughing at itself. But that moment has passed, and the joke is no longer on the industry. It’s on us. Sotheby’s decision to revive and auction this piece again isn’t a daring move; it’s a desperate cash grab. When an auction house like Sotheby’s gives its stamp of approval to Comedian—again—they’re telling young artists that it’s not about innovation, talent, or vision. It’s about being a spectacle, about going viral, about packaging your art as a commodity that can be easily consumed and resold. But art isn’t supposed to be this way. It’s supposed to be an act of rebellion, a pursuit of truth, a space where boundaries are pushed and where risk is rewarded. What Sotheby’s should be doing is championing those voices - amplifying artists who are unafraid to take risks, who have something new to say, and who are willing to challenge the very market forces that Comedian once tried to critique. Instead, they’re retreating to the comfort of an old gag, proving that they’re more interested in cashing in than creating meaningful, lasting change in the art world. It’s time for Sotheby’s to do better. To move past the empty spectacle, the gimmicks, the lazy stunts that offer nothing new. To stop chasing viral moments and start creating a space where genuine art—art that’s complex, challenging, and authentic—can thrive. The art world needs to get back to its roots, to remember that its purpose is not to commodify and consume but to innovate and inspire. Because if all we’re left with is a banana and a wall, recycled and resold as if it still matters, then we’ve lost the plot entirely. We’ve stopped being the curators of culture, and we’ve become the merchants of the mundane. And that’s not just embarrassing—it’s a failure. A failure of imagination, a failure of integrity, and a failure of the very institutions that are supposed to lead us forward.

🌟 The art world is continuously evolving, as showcased in the recent Sotheby's Contemporary Day Auction held on November 21st, 2024 in New York. 🎨 With an impressive total auction value of $64.7 million and a notable sell-through rate of 87.1%, this event provided valuable insights for collectors. While iconic names like Keith Haring and Roy Lichtenstein shone through with outstanding sales, a few pieces didn't quite meet expectations, illuminating the nuanced landscape of today's art market. Whether you're a seasoned collector or just starting out, understanding these trends can make all the difference in curating a remarkable collection. Are you curious about the standout artists, the lots that soared, and those that fell short? Explore our full analysis of the auction highlights, artist performances, and what they mean for the future: https://lnkd.in/ej_XMXYB Let's navigate the exciting art market together! 💼✨ #Sothebys #ContemporaryArt #KeithHaring #RoyLichtenstein #ArtMarket #AuctionInsights #ArtCollecting #ArtInvestment

🚨 Art Enthusiasts! The results are in from the Sotheby's Modern British & Irish Art Day Auction held on November 15, 2024, in London, and the insights are compelling. While the auction showcased notable artists and achievements, it encountered some market challenges with a sell-through rate of just 64.9%. Key takeaways include a surprising preference for mid-range artworks, particularly those priced between £10,000 - £50,000, which made up 54% of total value. This trend reflects a conscientious shift among collectors favoring quality over high-end pieces during uncertain economic times. Exciting highlights featured works by Laurence Stephen Lowry and Henry Moore, illustrating the strong emotional connection collectors seek in art today. However, several lots didn't find buyers—an indication of changing tastes in the art world. Curious to know more about the auction's results and what they mean for the future of Modern British and Irish art? Click here to explore the full report! [Read more](https://lnkd.in/ewzbMWNx) #ModernBritishArt #IrishArt #Sothebys #LaurenceStephenLowry #HenryMoore #ArtMarketInsights #AuctionResults

Exciting insights from Christie's Maîtres Anciens auction are here! On November 22, 2024, collectors witnessed a captivating showcase of art with a sell-through rate of 75.2%. The event yielded a total of €2.16 million, reflecting both moments of triumph and signs of cautious investment. As we dive into the results, it's evident that the market is drawn to historically rich pieces that tell compelling stories. The radiant Papillons dans un paysage by Jan van Kessel l'Ancien soared to €95,000, capturing the hearts of many with its enchanting detail. Additionally, Jean-Hippolyte Flandrin's works reminded us of the timeless allure of 19th-century portraiture. What do these trends mean for collectors? It appears there's a preference for tangible assets steeped in history and narrative, while high-value, religious-themed pieces took a backseat this time around. For a detailed analysis of lot distribution, top performers, and emerging trends, be sure to check out our full report here: [Art Collector IQ Report](https://lnkd.in/eHdA6_S5) #Christies #ArtAuction #AncientMasters #ArtCollector #JanVanKessel #JeanHippolyteFlandrin #RosaBonheur #ArtMarketInsights #ArtCollection

There were heroes amid the $1.3 billion in art sales during last week’s New York auctions, and a couple humbling moments, too. But a closer inspection reveals something less flashy: steady, systematic gains for an art market that’s finally recovering from its post-pandemic malaise… Puck’s art market expert, Marion Maneker, digs in: https://lnkd.in/ehV8X-2x Photo: Tristan Fewings/Getty Images for Sotheby's #Art #ArtMarket 

The Fine Art Group's Philip Hoffman was quoted in Bloomberg's insightful article, "NYC’s $1.2 Billion Auction Week Brought Drama Back to Art Market." Reflecting on the highs and lows of this year’s November auctions, Philip shared his perspective on the selective nature of recent successes: “The auction houses tried to pick out what they thought was fashionable right now... So the perception of the art market picking up and doing really well is completely untrue, but the fact that selective artists are doing incredibly well is very true.” This year’s auctions presented a fascinating dichotomy, with iconic works by René Magritte and Claude Monet achieving extraordinary results, while other segments of the market remained subdued. Philip’s expertise highlights the evolving dynamics at play as the art world continues to recalibrate. Dive into the full article to uncover the key moments and trends shaping today’s #ArtMarket! 🔗 Read the Bloomberg article here: https://lnkd.in/gPncEsRs 🔗 Also check out Philip’s commentary in the New York Times on Maurizio Cattelan’s 'Comedian': https://lnkd.in/d8x9nJGY