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Subject: Paris Plus Establishes Itself in the Auction Calendar
From: Artelligence <artelligence@substack.com>
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View this post on the web at https://artelligence.substack.com/p/paris-plus=
-establishes-itself-in
Welcome to Artelligence
This newsletter analyzing auction data provided by LiveArt contains content=
for paid subscribers only. Subscriptions are $12 a month or $120 for a yea=
r. If you are a paid subscriber, sharing a newsletter on occasion is fine;=
consistently sharing paid content within your organization or with others =
is not.
For organizations: We offer group discounts of 30% for each subscription of=
two or more. Group subscriptions [ https://substack.com/redirect/7e41e2dd-=
3198-4ba5-afff-59fa14000645?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5i=
RnigHXx6Fx_g6pp7gWdY ] allow one person within an organization to manage al=
l subscriptions. You may add new subscriptions at the discounted rate whene=
ver you like; and, if an employee leaves, you may replace another employee =
in that seat. You may also move existing subscribers into the group. Create=
group subscriptions here [ https://substack.com/redirect/7e41e2dd-3198-4ba=
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There is also an option to get a 7-day free trial. Just choose the subscrip=
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=A0
In This Issue
Lot Watch: Joan Mitchell=E2=80=99s giant $25m painting from 1959 at Christi=
e=E2=80=99s
Results: Fran=C3=A7ois-Xavier Lalanne=E2=80=99s first major sculpture sells=
for new record price
Notes: We misattributed a quote to Toby Clarke of Vigo Gallery; Advisor Kim=
Gould has died; Two x Two in Dallas raises $7.6m=20
For Paid Subscribers Only
Big Richter Abstracts Keep Coming to Auction: October was a bad month for t=
hese works but two expensive lots are coming in New York
London v Paris: What do the numbers say?
Paris Plus Auctions Total $141 Million: Has a new auction cycle established=
itself in the calendar?
Lot Watch
Christie=E2=80=99s Announces $25m Joan Mitchell Painting for November
One of the final lots announced before the release this week of Christie=E2=
=80=99s November auction catalogs online was Joan Mitchell=E2=80=99s massiv=
e 8-feet-tall-by-7-feet-wide painting from around 1959 when the artist move=
d to Paris to live and work full-time. Estimated at $25 million, the painti=
ng will exceed the previous record price for the artist by more than 50% if=
it sells at that price.=20
Results
F.X. Lalanne Rhinocretaire I sells for =E2=82=AC18m, 2x previous record
There seems to be an unquenchable demand for works by Fran=C3=A7ois-Xavier =
and Claude Lalanne, next week Pauline Karpidas=E2=80=99s collection of Lala=
nne works will be sold in Paris. Earlier this month, Sotheby=E2=80=99s sold=
a tranche of works found at the Lalanne=E2=80=99s home in Ury that had bee=
n found in a hidden storage space completing the sale of the Lalannes=E2=80=
=99 own inventory that was not divided among the couple=E2=80=99s children.=
That sale made =E2=82=AC8.1m in addition to the =E2=82=AC79.3m paid two ye=
ars ago when the contents of the farm were originally sold. Lalanne works a=
re now mainstays of design sales. Last week in Paris, Christie=E2=80=99s de=
cided to hold a single-lot sale of Fran=C3=A7ois-Xavier Lalanne=E2=80=99s =
[ https://substack.com/redirect/50855260-7afc-4ae9-88f1-85921e8edb85?j=3Dey=
J1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ]Rhinocretair=
e I [ https://substack.com/redirect/50855260-7afc-4ae9-88f1-85921e8edb85?j=
=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ] from 1=
964 with an estimate of =E2=82=AC4 million [ https://substack.com/redirect/=
50855260-7afc-4ae9-88f1-85921e8edb85?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQm=
MpisrMe5iRnigHXx6Fx_g6pp7gWdY ]. His first known major sculpture, Christie=
=E2=80=99s catalog essay calls the work =E2=80=9Chis most prototypical,=E2=
=80=9D and, perhaps, his =E2=80=9Cmost important creation as it set in moti=
on nearly a half century of sculptural innovation.=E2=80=9D Bidders clearly=
agreed as the final selling price reached =E2=82=AC18.3 million, a new rec=
ord for the artist at almost twice the previous high.=20
Notes
Correction: In a previous email, [ https://substack.com/redirect/4a13ce12-0=
3ba-4e5f-91fd-98f6f3d588a3?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iR=
nigHXx6Fx_g6pp7gWdY ] we misattributed a quote about art advisors from Gurr=
Johns=E2=80=99s Harry Smith (=E2=80=9CCheck the reputation of the person: =
quite a few so-called advisers don=E2=80=99t last very long =E2=80=94 they =
go off the rails.=E2=80=9D) We mistakenly put his words in the mouth of Tob=
y Clarke of Vigo Gallery. Both were quoted in a Financial Times [ https://s=
ubstack.com/redirect/74dc7eed-fe69-406f-98f3-598287343af0?j=3DeyJ1IjoiMjdjZ=
XI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ] story on art advisors =
[ https://substack.com/redirect/74dc7eed-fe69-406f-98f3-598287343af0?j=3Dey=
J1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ]=E2=80=94in =
the same sentence=E2=80=94thus: =E2=80=9CStay away from anyone promising gr=
eat returns,=E2=80=9D advises Clark[e], while Smith emphasises: =E2=80=9CCh=
eck the reputation of the person: quite a few so-called advisers don=E2=80=
=99t last very long =E2=80=94 they go off the rails.=E2=80=9D=20
Advisor Kim Gould dies in Paris [ https://substack.com/redirect/8aed36ef-a4=
6f-4849-8e60-c8244488d08f?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRn=
igHXx6Fx_g6pp7gWdY ]: According to Gould Art Advisory=E2=80=99s website, Ki=
m Gould died in her sleep in Paris on Thursday October 19th. At this time, =
the cause of death is not known but the website observes that Gould had =E2=
=80=9Clong been experiencing complications from her bout with severe COVID =
in 2020 that resulted in multiple organ failures and a one month stay in th=
e ICU.=E2=80=9D
Two x Two =3D $7.6 million [ https://substack.com/redirect/b23ceb81-7de8-45=
55-8f16-408f44f72a08?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx=
6Fx_g6pp7gWdY ]: Howard Rachofsky=E2=80=99s Two x Two charity auction to ra=
ise money for amfAR, The Foundation for AIDS Research and the Dallas Museum=
of Art=E2=80=99s contemporary art acquisition program raised $7.6 million =
on Saturday night. Mar=C3=ADa Berr=C3=ADo was the evening=E2=80=99s honoree=
=2E A work she donated was sold for $38=
0,000. The event is known for generati=
ng momentum for the work of emerging artists and this year was no exception=
with Alicia Adamirovic getting plenty of buzz from the event. =20
Why Do Big Richter Abstracts Keep Coming to Auction When the Market Stalled=
Some Time Ago?...
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</style></head><body class=3D"email-body" style=3D"font-kerning: auto;"><im=
g src=3D"https://eotrx.substackcdn.com/open?token=3DeyJtIjoiPDIwMjMxMDI1MTQ=
zMDM3LjMuMTMzMTlmYTFmMGVjMGZkNkBtZzIuc3Vic3RhY2suY29tPiIsInUiOjEzMzI2ODY2MS=
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zNjI5MSwiaXNzIjoicHViLTAiLCJzdWIiOiJlbyJ9.k7YinW7hKoW5GD-dJaZcyNpjR_RzewPkq=
hUTIJO_pxs" alt=3D"" width=3D"1" height=3D"1" border=3D"0" style=3D"height:=
1px !important;width:1px !important;border-width:0 !important;margin-top:0 =
!important;margin-bottom:0 !important;margin-right:0 !important;margin-left=
:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-=
right:0 !important;padding-left:0 !important;"/><div style=3D"display:none;=
font-size:1px;color:#333333;line-height:1px;max-height:0px;max-width:0px;op=
acity:0;overflow:hidden;" class=3D"preview">What's going on in the big Rich=
ter market? + F.X. Lalanne's record price just doubled + A $25m Joan Mitche=
ll?  ‌ ‌ ‌ ‌ ‌ =
‌ ‌ ‌ ‌ ‌ ‌=
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4; ‌ ‌ ‌ ‌</div><table role=3D"=
presentation" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"=
0" class=3D"email-body-container"><tr><td></td><td width=3D"550" class=3D"c=
ontent"></td><td></td></tr><tr><td></td><td align=3D"left" width=3D"550" cl=
ass=3D"content"><div style=3D"font-size: 16px; line-height: 26px; margin: 0=
auto; max-width: 550px; overflow-wrap: break-word; width: 100%;"><table ro=
le=3D"presentation" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpaddi=
ng=3D"0"><tr><td align=3D"right" style=3D"height: 20px;"><table role=3D"pre=
sentation" width=3D"auto" border=3D"0" cellspacing=3D"0" cellpadding=3D"0">=
<tr><td style=3D"vertical-align: middle;"><span class=3D"pencraft frontend-=
pencraft-Box-module__reset--VfQY8 frontend-pencraft-Text-module__reset--dW0=
zZ tw-font-body tw-text-ssm tw-text-substack-secondary" style=3D"color: rgb=
(128, 128, 128) !important; font-family: SF Pro Text, -apple-system, BlinkM=
acSystemFont, Inter, Segoe UI, Roboto, Helvetica, Arial, sans-serif, Apple =
Color Emoji, Segoe UI Emoji, Segoe UI Symbol !important; font-size: 13px !i=
mportant; margin: 0; text-decoration: unset;"><div class=3D"pencraft fronte=
nd-pencraft-Box-module__reset--VfQY8 frontend-pencraft-Text-module__align-r=
ight--PcYkZ frontend-pencraft-Text-module__size-12--KorQF frontend-pencraft=
-Text-module__reset--dW0zZ" style=3D"color: unset; font-size: 12px; letter-=
spacing: 0; line-height: 16px; margin: 0; text-align: right; text-decoratio=
n: unset;"><span translated class=3D"pencraft frontend-pencraft-Box-module_=
_reset--VfQY8 frontend-pencraft-Text-module__reset--dW0zZ" style=3D"color: =
unset; margin: 0; text-decoration: unset;">Forwarded this email? <a href=3D=
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WJzY3JpYmUmcj0yN2NlcjkmbmV4dD1odHRwcyUzQSUyRiUyRmFydGVsbGlnZW5jZS5zdWJzdGFj=
ay5jb20lMkZwJTJGcGFyaXMtcGx1cy1lc3RhYmxpc2hlcy1pdHNlbGYtaW4iLCJwIjoxMzgyNTM=
1NTQsInMiOjIyNTksImYiOnRydWUsInUiOjEzMzI2ODY2MSwiaWF0IjoxNjk4MjQ0MjkwLCJleH=
AiOjE3MDA4MzYyOTAsImlzcyI6InB1Yi0wIiwic3ViIjoibGluay1yZWRpcmVjdCJ9.iQ8is5oN=
jKvLC2-ph6ZhOiwowFA9oCykHd9Iz1dLepQ?" class=3D"pencraft frontend-pencraft-B=
ox-module__reset--VfQY8 frontend-pencraft-Text-module__decoration-underline=
--sj8pE frontend-pencraft-Text-module__reset--dW0zZ" style=3D"color: unset;=
margin: 0; text-decoration: unset; text-decoration-line: underline;">Subsc=
ribe here</a> for more</span></div></span></td></tr></table></td></tr></tab=
le><table role=3D"presentation" width=3D"auto" class=3D"header graphic-head=
er" style=3D"border-spacing: 0; padding: 16px 0 32px;"><tr><td align=3D"cen=
ter" style=3D"padding: 0; text-align: center;"><a href=3D"https://substack.=
com/redirect/2/eyJlIjoiaHR0cHM6Ly9hcnRlbGxpZ2VuY2Uuc3Vic3RhY2suY29tL3AvcGFy=
aXMtcGx1cy1lc3RhYmxpc2hlcy1pdHNlbGYtaW4_dXRtX2NhbXBhaWduPWVtYWlsLWhhbGYtcG9=
zdCZyPTI3Y2VyOSZ0b2tlbj1leUoxYzJWeVgybGtJam94TXpNeU5qZzJOakVzSW5CdmMzUmZhV1=
FpT2pFek9ESTFNelUxTkN3aWFXRjBJam94TmprNE1qUTBNamt3TENKbGVIQWlPakUzTURBNE16W=
XlPVEFzSW1semN5STZJbkIxWWkweU1qVTVJaXdpYzNWaUlqb2ljRzl6ZEMxeVpXRmpkR2x2YmlK=
OS4wMk9ZemJvQVJoTjZWdmE2dC1KQ2NkNFFTODVtTFlIM19sZlZSUk1nT3lvIiwicCI6MTM4MjU=
zNTU0LCJzIjoyMjU5LCJmIjp0cnVlLCJ1IjoxMzMyNjg2NjEsImlhdCI6MTY5ODI0NDI5MCwiZX=
hwIjoxNzAwODM2MjkwLCJpc3MiOiJwdWItMCIsInN1YiI6ImxpbmstcmVkaXJlY3QifQ.vWQyTK=
CggILH4s7WvGbBcSIQAM5ZC__W9QebDV4dsm4?"><img role=3D"presentation" width=3D=
"550" height=3D"117" src=3D"https://substackcdn.com/image/fetch/w_1100,c_li=
mit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-med=
ia.s3.amazonaws.com%2Fpublic%2Fimages%2Fecde5dbd-aa76-4984-bfac-acb56639185=
e_2800x591.png" class=3D"header-image" style=3D"border: none !important; di=
splay: block; height: auto; margin: 0 auto; max-width: 550px; vertical-alig=
n: middle; width: 100%;"></a></td></tr></table><div dir=3D"auto" class=3D"p=
ost typography" style=3D"font-size: 16px; line-height: 26px; padding: 16px =
0 0 0;"><div class=3D"post-header" style=3D"font-size: 16px; line-height: 2=
6px;"><h1 class=3D"post-title published" style=3D"-moz-appearance: optimize=
legibility; -moz-osx-font-smoothing: antialiased; -webkit-appearance: optim=
izelegibility; -webkit-font-smoothing: antialiased; appearance: optimizeleg=
ibility; color: rgb(64, 64, 64); font-family: 'SF Compact Display', -apple-=
system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-seri=
f, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 32p=
x; font-weight: bold; line-height: 36px; margin: 0;"><a href=3D"https://sub=
stack.com/app-link/post?publication_id=3D2259&post_id=3D138253554&utm_sourc=
e=3Dpost-email-title&utm_campaign=3Demail-post-title&isFreemail=3Dtrue&r=3D=
27cer9&token=3DeyJ1c2VyX2lkIjoxMzMyNjg2NjEsInBvc3RfaWQiOjEzODI1MzU1NCwiaWF0=
IjoxNjk4MjQ0MjkwLCJleHAiOjE3MDA4MzYyOTAsImlzcyI6InB1Yi0yMjU5Iiwic3ViIjoicG9=
zdC1yZWFjdGlvbiJ9.02OYzboARhN6Vva6t-JCcd4QS85mLYH3_lfVRRMgOyo" style=3D"col=
or: rgb(64, 64, 64); text-decoration: none;">Paris Plus Establishes Itself =
in the Auction Calendar</a></h1><h3 class=3D"subtitle" style=3D"-moz-appear=
ance: optimizelegibility; -moz-osx-font-smoothing: antialiased; -webkit-app=
earance: optimizelegibility; -webkit-font-smoothing: antialiased; appearanc=
e: optimizelegibility; color: #808080; font-family: 'SF Compact Display', -=
apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, san=
s-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-siz=
e: 18px; font-weight: normal; line-height: 24px; margin: 4px 0 0; margin-to=
p: 12px;">What's going on in the big Richter market? + F.X. Lalanne's recor=
d price just doubled + A $25m Joan Mitchell?</h3><table role=3D"presentatio=
n" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" class=3D=
"post-meta" style=3D"align-items: center; height: 20px; margin: 1em 0;"><tr=
><td><table role=3D"presentation" width=3D"auto" border=3D"0" cellspacing=
=3D"0" cellpadding=3D"0"><tr><td><table role=3D"presentation" width=3D"auto=
" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td style=3D"vertica=
l-align: middle;"><div class=3D"pencraft frontend-pencraft-Box-module__rese=
t--VfQY8 frontend-pencraft-Text-module__size-11--k1e8b frontend-pencraft-Te=
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raft-Text-module__meta--jzHdd custom-css-email-post-author" style=3D"color:=
rgb(64, 64, 64); font-family: 'SF Compact', -apple-system, -apple-system, =
-system-ui, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-=
serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size:=
11px; font-weight: 500; letter-spacing: .2px; line-height: 20px; margin: 0=
; text-decoration: unset; text-transform: uppercase;"><a style=3D"color: rg=
b(64, 64, 64); font-family: 'SF Compact', -apple-system, -apple-system, -sy=
stem-ui, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-ser=
if, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 11=
px; font-weight: 500; letter-spacing: .2px; line-height: 20px; margin: 0; t=
ext-decoration: none; text-transform: uppercase;" href=3D"https://substack.=
com/@artelligence" class=3D"pencraft frontend-pencraft-Box-module__reset--V=
fQY8 frontend-pencraft-Text-module__size-11--k1e8b frontend-pencraft-Text-m=
odule__line-height-20--p0dP8 frontend-pencraft-Text-module__weight-medium--=
x7khA frontend-pencraft-Text-module__font-meta--U_nxy frontend-pencraft-Tex=
t-module__color-primary--ud4Z0 frontend-pencraft-Text-module__transform-upp=
ercase--IDkUL frontend-pencraft-Text-module__reset--dW0zZ frontend-pencraft=
-Text-module__meta--jzHdd">Marion Maneker</a></div></td></tr></table></td><=
/tr><tr><td><table role=3D"presentation" width=3D"auto" border=3D"0" cellsp=
acing=3D"0" cellpadding=3D"0"><tr><td style=3D"vertical-align: middle;"><di=
v class=3D"pencraft frontend-pencraft-Box-module__reset--VfQY8 frontend-pen=
craft-Text-module__size-11--k1e8b frontend-pencraft-Text-module__line-heigh=
t-20--p0dP8 frontend-pencraft-Text-module__weight-medium--x7khA frontend-pe=
ncraft-Text-module__font-meta--U_nxy frontend-pencraft-Text-module__color-s=
econdary--WRADg frontend-pencraft-Text-module__transform-uppercase--IDkUL f=
rontend-pencraft-Text-module__reset--dW0zZ frontend-pencraft-Text-module__m=
eta--jzHdd" style=3D"color: rgb(128, 128, 128); font-family: 'SF Compact', =
-apple-system, -apple-system, -system-ui, BlinkMacSystemFont, 'Segoe UI', R=
oboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji',=
'Segoe UI Symbol'; font-size: 11px; font-weight: 500; letter-spacing: .2px=
; line-height: 20px; margin: 0; text-decoration: unset; text-transform: upp=
ercase;"><time dateTime=3D"2023-10-25T14:30:47.176Z">Oct 25</time></div></t=
d><td width=3D"4" style=3D"min-width: 4px"></td><td style=3D"vertical-align=
: middle;"><table role=3D"presentation" width=3D"auto" border=3D"0" cellspa=
cing=3D"0" cellpadding=3D"0"><tr><td style=3D"vertical-align: middle;"><div=
class=3D"pencraft frontend-pencraft-Box-module__reset--VfQY8 frontend-penc=
raft-Text-module__size-11--k1e8b frontend-pencraft-Text-module__line-height=
-20--p0dP8 frontend-pencraft-Text-module__weight-medium--x7khA frontend-pen=
craft-Text-module__font-meta--U_nxy frontend-pencraft-Text-module__color-se=
condary--WRADg frontend-pencraft-Text-module__transform-uppercase--IDkUL fr=
ontend-pencraft-Text-module__reset--dW0zZ frontend-pencraft-Text-module__me=
ta--jzHdd" style=3D"color: rgb(128, 128, 128); font-family: 'SF Compact', -=
apple-system, -apple-system, -system-ui, BlinkMacSystemFont, 'Segoe UI', Ro=
boto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', =
'Segoe UI Symbol'; font-size: 11px; font-weight: 500; letter-spacing: .2px;=
line-height: 20px; margin: 0; text-decoration: unset; text-transform: uppe=
rcase;">∙</div></td><td width=3D"4" style=3D"min-width: 4px"></td><td=
style=3D"vertical-align: middle;"><div class=3D"pencraft frontend-pencraft=
-Box-module__reset--VfQY8 frontend-pencraft-Text-module__size-11--k1e8b fro=
ntend-pencraft-Text-module__line-height-20--p0dP8 frontend-pencraft-Text-mo=
dule__weight-medium--x7khA frontend-pencraft-Text-module__font-meta--U_nxy =
frontend-pencraft-Text-module__color-accent-purple--XfjiI frontend-pencraft=
-Text-module__transform-uppercase--IDkUL frontend-pencraft-Text-module__res=
et--dW0zZ frontend-pencraft-Text-module__meta--jzHdd" style=3D"color: #702d=
ff; font-family: 'SF Compact', -apple-system, -apple-system, -system-ui, Bl=
inkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple =
Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 11px; font-we=
ight: 500; letter-spacing: .2px; line-height: 20px; margin: 0; text-decorat=
ion: unset; text-transform: uppercase;">Preview</div></td></tr></table></td=
></tr></table></td></tr></table></td></tr></table><table role=3D"presentati=
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rtical-align: middle;"><table role=3D"presentation" width=3D"38" border=3D"=
0" cellspacing=3D"0" cellpadding=3D"0"><tr><td align=3D"center"><a href=3D"=
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optimizelegibility; -webkit-font-smoothing: antialiased; appearance: optim=
izelegibility; color: rgb(64, 64, 64); font-family: 'SF Compact Display', -=
apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, san=
s-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-siz=
e: 1.625em; font-weight: bold; line-height: 1.16em; margin: 1em 0 0.625em 0=
; position: relative;">In This Issue</h2><ol style=3D"margin-top: 0; paddin=
g: 0;"><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-sizing: border-b=
ox; color: rgb(64, 64, 64); font-size: 16px; line-height: 26px; margin: 0; =
margin-bottom: 0; padding-left: 4px;"><strong>Lot Watch:</strong><span> Joa=
n Mitchell’s giant $25m painting from 1959 at Christie’s</span>=
</p></li><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-sizing: border=
-box; color: rgb(64, 64, 64); font-size: 16px; line-height: 26px; margin: 0=
; margin-bottom: 0; padding-left: 4px;"><strong>Results: </strong><span>Fra=
nçois-Xavier Lalanne’s first major sculpture sells for new recor=
d price</span></p></li><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-=
sizing: border-box; color: rgb(64, 64, 64); font-size: 16px; line-height: 2=
6px; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong>Notes: </stro=
ng><span>We misattributed a quote to Toby Clarke of Vigo Gallery; Advisor K=
im Gould has died; Two x Two in Dallas raises $7.6m </span></p></li></ol><p=
style=3D"color: rgb(64, 64, 64); font-size: 16px; line-height: 26px; margi=
n: 0 0 20px 0;"><strong>For Paid Subscribers Only</strong></p><ol style=3D"=
margin-top: 0; padding: 0;"><li style=3D"margin: 8px 0 0 32px;"><p style=3D=
"box-sizing: border-box; color: rgb(64, 64, 64); font-size: 16px; line-heig=
ht: 26px; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong>Big Rich=
ter Abstracts Keep Coming to Auction:</strong><span> October was a bad mont=
h for these works but two expensive lots are coming in New York</span></p><=
/li><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-sizing: border-box;=
color: rgb(64, 64, 64); font-size: 16px; line-height: 26px; margin: 0; mar=
gin-bottom: 0; padding-left: 4px;"><strong>London v Paris:</strong><span> W=
hat do the numbers say?</span></p></li><li style=3D"margin: 8px 0 0 32px;">=
<p style=3D"box-sizing: border-box; color: rgb(64, 64, 64); font-size: 16px=
; line-height: 26px; margin: 0; margin-bottom: 0; padding-left: 4px;"><stro=
ng>Paris Plus Auctions Total $141 Million: </strong><span>Has a new auction=
cycle established itself in the calendar?</span></p></li></ol><div style=
=3D"font-size: 16px; line-height: 26px;"><hr style=3D"background: #e0e0e0; =
border: none; height: 1px; margin: 32px 0; padding: 0;"></div><h2 class=3D"=
header-with-anchor-widget" style=3D"-moz-appearance: optimizelegibility; -m=
oz-osx-font-smoothing: antialiased; -webkit-appearance: optimizelegibility;=
-webkit-font-smoothing: antialiased; appearance: optimizelegibility; color=
: rgb(64, 64, 64); font-family: 'SF Compact Display', -apple-system, BlinkM=
acSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Colo=
r Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1.625em; font-wei=
ght: bold; line-height: 1.16em; margin: 1em 0 0.625em 0; position: relative=
;">Lot Watch</h2><h4 class=3D"header-with-anchor-widget" style=3D"-moz-appe=
arance: optimizelegibility; -moz-osx-font-smoothing: antialiased; -webkit-a=
ppearance: optimizelegibility; -webkit-font-smoothing: antialiased; appeara=
nce: optimizelegibility; color: rgb(64, 64, 64); font-family: 'SF Compact D=
isplay', -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, =
Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'=
; font-size: 1.125em; font-weight: bold; line-height: 1.16em; margin: 1em 0=
0.625em 0; position: relative;">Christie’s Announces $25m Joan Mitch=
ell Painting for November</h4><div class=3D"captioned-image-container-stati=
c" style=3D"font-size: 16px; line-height: 26px; margin: 32px auto;"><figure=
style=3D"margin: 0 auto; width: 100%;"><table class=3D"image-wrapper" widt=
h=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" data-component-=
name=3D"Image2ToDOMStatic" style=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><=
tr><td style=3D"text-align: center;"></td><td align=3D"left" class=3D"conte=
nt" width=3D"1456" style=3D"text-align: center;"><a class=3D"image-link" ta=
rget=3D"_blank" href=3D"https://substack.com/redirect/74ccb107-9345-4d6c-9e=
9a-828287c52026?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g=
6pp7gWdY" rel style=3D"align-items: center; border: none; display: block; f=
lex-direction: column; height: auto; margin: 0; padding: 0; position: relat=
ive; text-decoration: none; width: auto;"><img data-attrs=3D"{"src&quo=
t;:"https://substack-post-media.s3.amazonaws.com/public/images/e7efa22=
1-55ba-4831-9ae3-fa76b6a9a457_1791x2000.jpeg","srcNoWatermark&quo=
t;:null,"fullscreen":null,"imageSize":null,"height=
":1626,"width":1456,"resizeWidth":null,"bytes=
":1393841,"alt":null,"title":null,"type"=
:"image/jpeg","href":null,"belowTheFold":true=
,"topImage":false,"internalRedirect":null}" alt width=
=3D"550" height=3D"614.217032967033" class=3D"wide-image" src=3D"https://su=
bstackcdn.com/image/fetch/w_2912,c_limit,f_auto,q_auto:good,fl_progressive:=
steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%=
2Fe7efa221-55ba-4831-9ae3-fa76b6a9a457_1791x2000.jpeg" style=3D"-ms-interpo=
lation-mode: bicubic; border: none !important; display: block; height: auto=
; margin: 0 auto; margin-bottom: 0; max-width: 100% !important; vertical-al=
ign: middle; width: auto !important;"></a></td><td style=3D"text-align: cen=
ter;"></td></tr></tbody></table><figcaption class=3D"image-caption" style=
=3D"box-sizing: content-box; color: #808080; font-size: 14px; font-weight: =
400; letter-spacing: -.15px; line-height: 20px; margin-top: 8px; padding-le=
ft: 15%; padding-right: 15%; text-align: center; width: 70%;">Joan Mitchell=
, untitled (c.1959) estimated at $25 million</figcaption></figure></div><p =
style=3D"color: rgb(64, 64, 64); font-size: 16px; line-height: 26px; margin=
: 0 0 20px 0;">One of the final lots announced before the release this week=
of Christie’s November auction catalogs online was Joan MitchellR=
17;s massive 8-feet-tall-by-7-feet-wide painting from around 1959 when the =
artist moved to Paris to live and work full-time. Estimated at $25 million,=
the painting will exceed the previous record price for the artist by more =
than 50% if it sells at that price. </p><div style=3D"font-size: 16px; line=
-height: 26px;"><hr style=3D"background: #e0e0e0; border: none; height: 1px=
; margin: 32px 0; padding: 0;"></div><h2 class=3D"header-with-anchor-widget=
" style=3D"-moz-appearance: optimizelegibility; -moz-osx-font-smoothing: an=
tialiased; -webkit-appearance: optimizelegibility; -webkit-font-smoothing: =
antialiased; appearance: optimizelegibility; color: rgb(64, 64, 64); font-f=
amily: 'SF Compact Display', -apple-system, BlinkMacSystemFont, 'Segoe UI',=
Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji=
', 'Segoe UI Symbol'; font-size: 1.625em; font-weight: bold; line-height: 1=
=2E16em; margin: 1em 0 0.625em 0; posit=
ion: relative;">Results</h2><h4 class=
=3D"header-with-anchor-widget" style=3D"-moz-appearance: optimizelegibility=
; -moz-osx-font-smoothing: antialiased; -webkit-appearance: optimizelegibil=
ity; -webkit-font-smoothing: antialiased; appearance: optimizelegibility; c=
olor: rgb(64, 64, 64); font-family: 'SF Compact Display', -apple-system, Bl=
inkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple =
Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1.125em; font=
-weight: bold; line-height: 1.16em; margin: 1em 0 0.625em 0; position: rela=
tive;"><span>F.X. Lalanne </span><em>Rhinocretaire I</em><span> sells for &=
#8364;18m, 2x previous record</span></h4><div class=3D"captioned-image-cont=
ainer-static" style=3D"font-size: 16px; line-height: 26px; margin: 32px aut=
o;"><figure style=3D"margin: 0 auto; width: 100%;"><table class=3D"image-wr=
apper" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" data=
-component-name=3D"Image2ToDOMStatic" style=3D"mso-padding-alt: 1em 0 1.6em=
;"><tbody><tr><td style=3D"text-align: center;"></td><td align=3D"left" cla=
ss=3D"content" width=3D"1456" style=3D"text-align: center;"><a class=3D"ima=
ge-link" target=3D"_blank" href=3D"https://substack.com/redirect/e86925e2-d=
1ab-4960-8797-492fbb8ef929?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iR=
nigHXx6Fx_g6pp7gWdY" rel style=3D"align-items: center; border: none; displa=
y: block; flex-direction: column; height: auto; margin: 0; padding: 0; posi=
tion: relative; text-decoration: none; width: auto;"><img data-attrs=3D"{&q=
uot;src":"https://substack-post-media.s3.amazonaws.com/public/ima=
ges/b5b5bec2-9430-4742-a222-e8c90e70ee29_2110x1200.png","srcNoWat=
ermark":null,"fullscreen":null,"imageSize":null,&q=
uot;height":828,"width":1456,"resizeWidth":null,&q=
uot;bytes":3750013,"alt":null,"title":null,"t=
ype":"image/png","href":null,"belowTheFold&qu=
ot;:true,"topImage":false,"internalRedirect":null}" alt=
width=3D"550" height=3D"312.77472527472526" class=3D"wide-image" src=3D"ht=
tps://substackcdn.com/image/fetch/w_2912,c_limit,f_auto,q_auto:good,fl_prog=
ressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2=
Fimages%2Fb5b5bec2-9430-4742-a222-e8c90e70ee29_2110x1200.png" style=3D"-ms-=
interpolation-mode: bicubic; border: none !important; display: block; heigh=
t: auto; margin: 0 auto; margin-bottom: 0; max-width: 100% !important; vert=
ical-align: middle; width: auto !important;"></a></td><td style=3D"text-ali=
gn: center;"></td></tr></tbody></table></figure></div><p style=3D"color: rg=
b(64, 64, 64); font-size: 16px; line-height: 26px; margin: 0 0 20px 0;"><sp=
an>There seems to be an unquenchable demand for works by François-Xavi=
er and Claude Lalanne, next week Pauline Karpidas’s collection of Lal=
anne works will be sold in Paris. Earlier this month, Sotheby’s sold =
a tranche of works found at the Lalanne’s home in Ury that had been f=
ound in a hidden storage space completing the sale of the Lalannes’ o=
wn inventory that was not divided among the couple’s children. That s=
ale made €8.1m in addition to the €79.3m paid two years ago whe=
n the contents of the farm were originally sold. Lalanne works are now main=
stays of design sales. Last week in Paris, Christie’s decided to hold=
</span><a href=3D"https://substack.com/redirect/50855260-7afc-4ae9-88f1-85=
921e8edb85?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7g=
WdY" rel style=3D"color: rgb(64, 64, 64); text-decoration: underline;">a si=
ngle-lot sale of François-Xavier Lalanne’s </a><em><a href=3D"ht=
tps://substack.com/redirect/50855260-7afc-4ae9-88f1-85921e8edb85?j=3DeyJ1Ij=
oiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel style=3D"col=
or: rgb(64, 64, 64); text-decoration: underline;">Rhinocretaire I</a></em><=
a href=3D"https://substack.com/redirect/50855260-7afc-4ae9-88f1-85921e8edb8=
5?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel =
style=3D"color: rgb(64, 64, 64); text-decoration: underline;"> from 1964 wi=
th an estimate of €4 million</a><span>. His first known major sculptu=
re, Christie’s catalog essay calls the work “his most prototypi=
cal,” and, perhaps, his “most important creation as it set in m=
otion nearly a half century of sculptural innovation.” Bidders clearl=
y agreed as the final selling price reached €18.3 million, a new reco=
rd for the artist at almost twice the previous high. </span></p><div style=
=3D"font-size: 16px; line-height: 26px;"><hr style=3D"background: #e0e0e0; =
border: none; height: 1px; margin: 32px 0; padding: 0;"></div><h2 class=3D"=
header-with-anchor-widget" style=3D"-moz-appearance: optimizelegibility; -m=
oz-osx-font-smoothing: antialiased; -webkit-appearance: optimizelegibility;=
-webkit-font-smoothing: antialiased; appearance: optimizelegibility; color=
: rgb(64, 64, 64); font-family: 'SF Compact Display', -apple-system, BlinkM=
acSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Colo=
r Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1.625em; font-wei=
ght: bold; line-height: 1.16em; margin: 1em 0 0.625em 0; position: relative=
;">Notes</h2><ol style=3D"margin-top: 0; padding: 0;"><li style=3D"margin: =
8px 0 0 32px;"><p style=3D"box-sizing: border-box; color: rgb(64, 64, 64); =
font-size: 16px; line-height: 26px; margin: 0; margin-bottom: 0; padding-le=
ft: 4px;"><strong>Correction: </strong><a href=3D"https://substack.com/redi=
rect/4a13ce12-03ba-4e5f-91fd-98f6f3d588a3?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1=
d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel style=3D"color: rgb(64, 64, 64); te=
xt-decoration: underline;">In a previous email,</a><span> we misattributed =
a quote about art advisors from Gurr Johns’s Harry Smith (“Chec=
k the reputation of the person: quite a few so-called advisers don’t =
last very long — they go off the rails.”) We mistakenly put his=
words in the mouth of Toby Clarke of Vigo Gallery. Both were quoted in a <=
/span><em><a href=3D"https://substack.com/redirect/74dc7eed-fe69-406f-98f3-=
598287343af0?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp=
7gWdY" rel style=3D"color: rgb(64, 64, 64); text-decoration: underline;">Fi=
nancial Times</a></em><a href=3D"https://substack.com/redirect/74dc7eed-fe6=
9-406f-98f3-598287343af0?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRni=
gHXx6Fx_g6pp7gWdY" rel style=3D"color: rgb(64, 64, 64); text-decoration: un=
derline;"> story on art advisors</a><span>—in the same sentence—=
;thus: “Stay away from anyone promising great returns,” advises=
Clark[e], while Smith emphasises: “Check the reputation of the perso=
n: quite a few so-called advisers don’t last very long — they g=
o off the rails.” </span></p></li><li style=3D"margin: 8px 0 0 32px;"=
><p style=3D"box-sizing: border-box; color: rgb(64, 64, 64); font-size: 16p=
x; line-height: 26px; margin: 0; margin-bottom: 0; padding-left: 4px;"><str=
ong><a href=3D"https://substack.com/redirect/8aed36ef-a46f-4849-8e60-c82444=
88d08f?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY"=
rel style=3D"color: rgb(64, 64, 64); text-decoration: underline;">Advisor =
Kim Gould dies in Paris</a><span>:</span></strong><span> According to Gould=
Art Advisory’s website, Kim Gould died in her sleep in Paris on Thur=
sday October 19th. At this time, the cause of death is not known but the we=
bsite observes that Gould had “long been experiencing complications f=
rom her bout with severe COVID in 2020 that resulted in multiple organ fail=
ures and a one month stay in the ICU.”</span></p></li><li style=3D"ma=
rgin: 8px 0 0 32px;"><p style=3D"box-sizing: border-box; color: rgb(64, 64,=
64); font-size: 16px; line-height: 26px; margin: 0 0 20px 0; margin-bottom=
: 0; padding-left: 4px;"><strong><a href=3D"https://substack.com/redirect/b=
23ceb81-7de8-4555-8f16-408f44f72a08?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmM=
pisrMe5iRnigHXx6Fx_g6pp7gWdY" rel style=3D"color: rgb(64, 64, 64); text-dec=
oration: underline;">Two x Two =3D $7.6 million</a><span>: </span></strong>=
<span>Howard Rachofsky’s Two x Two charity auction to raise money for=
amfAR, The Foundation for AIDS Research and the Dallas Museum of Art’=
;s contemporary art acquisition program raised $7.6 million on Saturday nig=
ht. María Berrío was the evening’s honoree. A work she dona=
ted was sold for $380,000. The event is known for generating momentum for t=
he work of emerging artists and this year was no exception with Alicia Adam=
irovic getting plenty of buzz from the event. </span></p><div style=3D"fon=
t-size: 16px; line-height: 26px;"><hr style=3D"background: #e0e0e0; border:=
none; height: 1px; margin: 32px 0; padding: 0;"></div></li></ol><h4 class=
=3D"header-with-anchor-widget" style=3D"-moz-appearance: optimizelegibility=
; -moz-osx-font-smoothing: antialiased; -webkit-appearance: optimizelegibil=
ity; -webkit-font-smoothing: antialiased; appearance: optimizelegibility; c=
olor: rgb(64, 64, 64); font-family: 'SF Compact Display', -apple-system, Bl=
inkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple =
Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1.125em; font=
-weight: bold; line-height: 1.16em; margin: 1em 0 0.625em 0; margin-bottom:=
0; position: relative;">Why Do Big Richter Abstracts Keep Coming to Auctio=
n When the Market Stalled Some Time Ago?...</h4></div></div><div data-testi=
d=3D"paywall" data-component-name=3D"Paywall" class=3D"paywall paywall-whit=
e-background" style=3D"-moz-user-select: none; -ms-user-select: none; -webk=
it-user-select: none; background: rgb(255, 255, 255); border-top: solid 2px=
#653366; color: rgb(64, 64, 64); cursor: default; font-family: -apple-syst=
em, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, '=
Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 16px; l=
ine-height: 26px; margin-bottom: 16px; margin-top: 6px; padding: 32px 24px =
16px 24px; position: relative; text-align: center; user-select: none;"><h2 =
class=3D"paywall-title" style=3D"-moz-appearance: optimizelegibility; -moz-=
osx-font-smoothing: antialiased; -webkit-appearance: optimizelegibility; -w=
ebkit-font-smoothing: antialiased; appearance: optimizelegibility; color: i=
nherit !important; font-family: 'SF Compact Display', -apple-system, BlinkM=
acSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Colo=
r Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 22px; font-weight=
: 700; line-height: 33px; margin: 0 auto; margin-bottom: 6px;">Keep reading=
with a 7-day free trial</h2><div class=3D"paywall-free-trial-subtitle" sty=
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