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Subject: What We Learned this Week (2410)
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View this post on the web at https://artelligence.substack.com/p/what-we-le=
arned-this-week-2410
Welcome to Artelligence
If you have comments, complaints, tips or just want to vent, feel free to c=
ontact us directly:
In This Issue
Lot Watch: A lost Kirchner will be sold in Munich
Results: London Evening sales results
Notes: A disputed Ruth Asawa; Lucas Samaras dies;=20
New York Preview: Christie=E2=80=99s and Phillips hold their NY Mid-season =
sales next week
Lot Watch
Ernst Ludwig Kirchner=E2=80=99s painting =E2=80=9CTanz im Variet=C3=A9 (Ste=
ptanz)=E2=80=9C from 1911 was last seen in public at Paul Cassirer=E2=80=99=
s gallery in 1923. Two decades later, it entered a family collection and di=
sappeared from the view of scholars and the public. The large picture captu=
res Kirchner=E2=80=99s fascination with cabaret life and the emergence of m=
odernism in Berlin at the turn of the 20th Century. It was included in a 19=
12 Br=C3=BCcke exhibition. When the catalogue raisonn=C3=A9 of the artist=
=E2=80=99s work was created in 1968, the painting was marked =E2=80=9Cwhere=
abouts unknown=E2=80=9D and represented by a black-and-white photograph. So=
it is something of a surprise=E2=80=94and an event=E2=80=94that the work h=
as surfaced at Ketterer Kunst with a =E2=82=AC2 million estimate. It will b=
e auctioned on June 7th in Munich [ https://substack.com/redirect/9851d589-=
e89d-4d9c-bb7c-3b3b22b2a8f6?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5i=
RnigHXx6Fx_g6pp7gWdY ]. That estimate seems very conservative even in a dec=
lining market for works of German Expressionism. A different Kirchner was a=
uctioned this week in London at Christie=E2=80=99s with a =C2=A32m estimate=
=2E It=E2=80=99s smaller and double-sided;=
it also dates from 1920 and depict=
s a nude on one side. The painting made =C2=A33.79 million ($4.82m). That w=
ould suggest the current market for a significant Kirchner is above that le=
vel. How much higher could it go? The record at auction for Kirchner is a 1=
913 Berlin street scene. It sold for $38 million in 2006. In recent years, =
Kirchners have sold for as much as $21.9 million and $9.8 million. No one i=
s saying that this work will sell in that region but it does give you a sen=
se of the upper limit.=20
Results
Sotheby=E2=80=99s Modern, Contemporary & The Now Evening =3D $126m
Aggressive sale management gave Sotheby=E2=80=99s the best hammer ratio of =
the week. Strong performers in the sale were Victor Man, Fran=C3=A7oise Gil=
ot, Salvo, Etel Adnan setting a new record price, Christopher Wool who surp=
rised with a near-record for a work on paper, Rudolf Bauer, Jacqueline Hum=
phries with a strong price for a small emoticon painting, Emma Webster and =
a bright 14-inch Andy Warhol flowers painting.=20
Phillips 20th Century & Contemporary Evening =3D $17.3m
Phillips also had a strong sell-through rate for their Evening sale but the=
estimates were ahead of where the market would go. Nevertheless, Salvo did=
well providing a second confirmation price in the $400,000 range for this =
artist whose market demand seemed to come out of nowhere last Fall. Kehinde=
Wiley made a new auction record; Jordan Wolfson and Jesse Mockrin saw new =
records, too. Atsushi Kaga, Marina Perez Simao, Andy Warhol also saw stron=
g sales.=20
Christie=E2=80=99s 20/21 Evening Sale =3D $175m
The volume of Christie=E2=80=99s 20/21 sale really helped the market. The h=
ammer ratio was still on the weak side but above par and the sell through r=
ate was above the industry average. Half of the sale=E2=80=99s value was in=
the top six lots: three sold within estimates and three at compromise pric=
es. So the top of the market remains well-priced to still-ambitious. The ne=
xt four works in value were all bid above the estimates. They were by Kirch=
ner, Henry Moore, Alberto Giacometti and Michael Andrews. There was also st=
rong bidding for Vilhelm Hammershoi, Eduardo Chillida as well as a new reco=
rd. for Jad=C3=A9 Fadojutimi. A strong price for a small G=C3=BCnther Uecke=
r sculpture is also worth mentioning. Four Alighiero Boetti works sold with=
two exceeding expectations, especially an early pair of color works. A sui=
te of arrazi sold for a price below the value of the individual works which=
is a curious outcome.=20
Christie=E2=80=99s Surrealism =3D $75m
Three quarters of the value of the Surrealism sale came from seven works by=
Ren=C3=A9 Magritte. The top lot sold for a hair below the =C2=A330m asking=
price most likely to the third-party guarantor. It accounted for more than=
half of the total sale. Nevertheless, there was strong bidding on lower-pr=
iced Magrittes. Victor Brauner had two strong sales. Meret Oppenheim, Man R=
ay and Hannah H=C3=B6ch also saw strong bidding on works.=20
Notes
Wright is selling a Ruth Asawa that has been denied by the estate [ https:/=
/substack.com/redirect/c699813a-9d41-4c70-ab65-d3dd272cd998?j=3DeyJ1IjoiMjd=
jZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ]: What do you do when=
an artist=E2=80=99s estate denies the authenticity of a work that you have=
very good evidence for? You make it the centerpiece of your marketing [ ht=
tps://substack.com/redirect/77d14fba-0916-43d4-a365-8b14d6552237?j=3DeyJ1Ij=
oiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ]. Wright is sell=
ing a Ruth Asawa =E2=80=9Ctied wire=E2=80=9D sculpture in its Post War & Co=
ntemporary sale next week [ https://substack.com/redirect/c699813a-9d41-4c7=
0-ab65-d3dd272cd998?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6=
Fx_g6pp7gWdY ] that was made in the mid-1970s and owned first by a close fr=
iend of the artist and then by her son who displayed the work outside his h=
ome where it was exposed to the weather. The current owner bought the work =
and has had it restored. Similar works recognized by the estate have sold f=
or prices in the $300,000 range. Wright has an $80,000 estimate and is enco=
uraging the market to decide its worth without the imprimatur of the estate=
=2E=20
Lucas Samaras, Artist Who Was His Own Canvas, Dies at 87 [ https://substack=
=2Ecom/redirect/32296116-a400-46b1-96c=
b-aecee56660be?j=3DeyJ1IjoiMjdjZXI5In0.=
nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ]: Judging from the byline, thi=
s obituary for Lucas Samaras in the New York Times was written some time ag=
o. That doesn=E2=80=99t mean its pungency has faded any. With the news yest=
erday that Samaras has died, this obituary is worth reading as much for its=
prose as for it=E2=80=99s narrative of the artist=E2=80=99s life. =E2=80=
=9CLucas Samaras, who sang the song of self louder and in more keys than pe=
rhaps any other postwar visual artist, creating a wildly diverse body of wo=
rk in which his own lithe body, bearded face and personal effects took cent=
er stage in countless shape-shifting guises,=E2=80=9D [=E2=80=A6] =E2=80=9C=
Along with students and friends like Robert Whitman [ https://substack.com/=
redirect/e1260e8d-a65f-496a-90a9-f2c50db13803?j=3DeyJ1IjoiMjdjZXI5In0.nCNhO=
M3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ], George Brecht [ https://substack.=
com/redirect/dc19b86e-5321-4d94-b759-3fef36e6670a?j=3DeyJ1IjoiMjdjZXI5In0.n=
CNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ] and George Segal [ https://sub=
stack.com/redirect/709c875a-933e-47e0-b74b-8f83f09b452e?j=3DeyJ1IjoiMjdjZXI=
5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ], he helped sow the seeds=
of conceptual art, Pop Art and what would become known as performance art,=
based on a philosophy of demolishing artificial barriers between art and e=
veryday life=E2=80=9D [=E2=80=A6] =E2=80=9CWhile he had some affinities wit=
h artists like Joseph Cornell, who began making Surrealist-influenced assem=
blage boxes in the 1930s, and with the shambolically colorful Funk artists =
of the Bay Area, Mr. Samaras sailed defiantly against prevailing trends and=
movements, seeming at times almost like an outsider artist=E2=80=9D [=E2=
=80=A6] =E2=80=9CReducing contact with friends and relations, he became alm=
ost a recluse in a new apartment and studio on the 62nd floor of a 1980s hi=
gh-rise in Midtown Manhattan, where he lived alone, tended to keep the curt=
ains drawn and ate the same meal, soup, almost every day.=E2=80=9D
New York Preview
The total estimated value of the New York mid-season sales is $52,297,000. =
Sotheby=E2=80=99s has already held its Contemporary Curated sale last week =
but the final number is worth comparing to the $73 million offered last yea=
r which included an additional $21 million sale from Adam Lindemann. Nevert=
hless, that=E2=80=99s a 28% drop in estimate value. With Sotheby=E2=80=99s =
Contemporary Curated sale making the same total as last year, there=E2=80=
=99s room for the market to find some stability here.=20
The top artists by value are Cy Twombly, George Condo (including 5 small wo=
rks from the 1980s), Andy Warhol, Richard Prince, Yayoi Kusama, Damien Hirs=
t, Rashid Johnson, Sam Gilliam, Jonas Wood and Alice Neel.=20
There are significantly priced works by Yoshitomo Nara, Alma Thomas, Rashid=
Johnson, Loie Hallowell, Mark di Suvero (among a number of works on a Long=
Island estate), Donald Judd and Wayne Thiebaud.=20
There are, of course, a number of works by artists with markets that have n=
ot yet formed and a wide range of historical artists whose sales might give=
us some sense of demand for their work. Detailed results next Friday.
Unsubscribe https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9hcnRlbGxpZ2V=
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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=3DeyJtIjoiPDIwMjQwMzA4MTc=
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YxLCJyIjoiZW56b0BzaG93ZmlsZS5jb20iLCJkIjoibWctZDEuc3Vic3RhY2suY29tIiwicCI6M=
TQyNDE5NjQ2LCJ0IjoibmV3c2xldHRlciIsImEiOiJldmVyeW9uZSIsInMiOjIyNTksImMiOiJw=
b3N0IiwiZiI6dHJ1ZSwicG9zaXRpb24iOiJ0b3AiLCJpYXQiOjE3MDk5MTkwNzIsImV4cCI6MTc=
xMjUxMTA3MiwiaXNzIjoicHViLTAiLCJzdWIiOiJlbyJ9.Lx2CbGjn9qKdwNQ01dm9C5A9kU6Et=
szCUTGeS9gS7YA" alt=3D"" width=3D"1" height=3D"1" border=3D"0" style=3D"hei=
ght:1px !important;width:1px !important;border-width:0 !important;margin-to=
p:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-=
left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padd=
ing-right:0 !important;padding-left:0 !important;"/><div style=3D"display:n=
one;font-size:1px;color:#333333;line-height:1px;max-height:0px;max-width:0p=
x;opacity:0;overflow:hidden;" class=3D"preview">A lost Kirchner emerges in =
Germany + London sales results + New York Mid-season preview</div><div styl=
e=3D"display:none;font-size:1px;color:#333333;line-height:1px;max-height:0p=
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hy;͏ ‌   ­</div><table role=3D"presentation" wid=
th=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"content"></td><td>=
</td></tr><tr><td></td><td align=3D"left" width=3D"550" class=3D"content"><=
div style=3D"font-size: 16px; line-height: 26px; margin: 0 auto; max-width:=
550px; overflow-wrap: break-word; width: 100%;"><table role=3D"presentatio=
n" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td =
align=3D"right" style=3D"height: 20px;"><table role=3D"presentation" width=
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w-font-body tw-text-ssm tw-text-substack-secondary" style=3D"color: rgb(119=
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r;"><a href=3D"https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9hcnRlbGxp=
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ole=3D"presentation" width=3D"550" height=3D"117" src=3D"https://substackcd=
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le=3D"-moz-appearance: optimizelegibility; -moz-osx-font-smoothing: antiali=
ased; -webkit-appearance: optimizelegibility; -webkit-font-smoothing: antia=
liased; appearance: optimizelegibility; color: rgb(54, 55, 55); font-family=
: 'SF Pro Display', -apple-system-headline, system-ui, -apple-system, Blink=
MacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Col=
or Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 32px; font-weigh=
t: bold; line-height: 36px; margin: 0;"><a href=3D"https://substack.com/app=
-link/post?publication_id=3D2259&post_id=3D142419646&utm_source=3Dpost-emai=
l-title&utm_campaign=3Demail-post-title&isFreemail=3Dtrue&r=3D27cer9&token=
=3DeyJ1c2VyX2lkIjoxMzMyNjg2NjEsInBvc3RfaWQiOjE0MjQxOTY0NiwiaWF0IjoxNzA5OTE5=
MDcxLCJleHAiOjE3MTI1MTEwNzEsImlzcyI6InB1Yi0yMjU5Iiwic3ViIjoicG9zdC1yZWFjdGl=
vbiJ9.MSW6dayXi2PwpqCRZ-kJVgQTpBXo8LjTiKlnZj5i-Go" style=3D"color: rgb(54, =
55, 55); text-decoration: none;">What We Learned this Week (2410)</a></h1><=
h3 class=3D"subtitle" style=3D"-moz-appearance: optimizelegibility; -moz-os=
x-font-smoothing: antialiased; -webkit-appearance: optimizelegibility; -web=
kit-font-smoothing: antialiased; appearance: optimizelegibility; color: #80=
8080; font-family: 'SF Pro Display', -apple-system-headline, system-ui, -ap=
ple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-=
serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size:=
18px; font-weight: normal; line-height: 24px; margin: 4px 0 0; margin-top:=
12px;">A lost Kirchner emerges in Germany + London sales results + New Yor=
k Mid-season preview</h3><table role=3D"presentation" width=3D"100%" border=
=3D"0" cellspacing=3D"0" cellpadding=3D"0" class=3D"post-meta" style=3D"ali=
gn-items: center; height: 20px; margin: 1em 0;"><tr><td><table role=3D"pres=
entation" width=3D"auto" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"><=
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ht: 20px; list-style: none; margin: 0; text-decoration: unset; text-transfo=
rm: uppercase;"><a style=3D"color: rgb(54, 55, 55); font-family: 'SF Compac=
t', -apple-system, system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI'=
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2px; line-height: 20px; list-style: none; margin: 0; text-decoration: none;=
text-transform: uppercase;" href=3D"https://substack.com/@artelligence" cl=
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_font-meta_13a18_131 _size-11_13a18_35 _weight-medium_13a18_162 _transform-=
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></td></tr></table></td></tr><tr><td><table role=3D"presentation" width=3D"=
auto" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td style=3D"ver=
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e-height: 20px; list-style: none; margin: 0; text-decoration: unset; text-t=
ransform: uppercase;"><time dateTime=3D"2024-03-08T17:30:24.718Z">Mar 8</ti=
me></div></td></tr></table></td></tr></table></td></tr></table><table role=
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8px 0 0 32px;"><p style=3D"box-sizing: border-box; color: rgb(54, 55, 55); =
font-size: 16px; line-height: 26px; margin: 0; margin-bottom: 0; padding-le=
ft: 4px;"><strong>Lot Watch:</strong><span> A lost Kirchner will be sold in=
Munich</span></p></li><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-=
sizing: border-box; color: rgb(54, 55, 55); font-size: 16px; line-height: 2=
6px; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong>Results: </st=
rong><span>London Evening sales results</span></p></li><li style=3D"margin:=
8px 0 0 32px;"><p style=3D"box-sizing: border-box; color: rgb(54, 55, 55);=
font-size: 16px; line-height: 26px; margin: 0; margin-bottom: 0; padding-l=
eft: 4px;"><strong>Notes: </strong><span>A disputed Ruth Asawa; Lucas Samar=
as dies; </span></p></li><li style=3D"margin: 8px 0 0 32px;"><p style=3D"bo=
x-sizing: border-box; color: rgb(54, 55, 55); font-size: 16px; line-height:=
26px; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong>New York Pr=
eview: </strong><span>Christie’s and Phillips hold their NY Mid-seaso=
n sales next week</span></p></li></ol><div style=3D"font-size: 16px; line-h=
eight: 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: anti=
aliased; -webkit-appearance: optimizelegibility; -webkit-font-smoothing: an=
tialiased; appearance: optimizelegibility; color: rgb(54, 55, 55); font-fam=
ily: 'SF Pro Display', -apple-system-headline, system-ui, -apple-system, Bl=
inkMacSystemFont, '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: 1.16em; margin: 1em 0 0.625em 0; position: rela=
tive;">Lot Watch</h2><div class=3D"captioned-image-container-static" style=
=3D"font-size: 16px; line-height: 26px; margin: 32px auto;"><figure style=
=3D"margin: 0 auto; width: 100%;"><table class=3D"image-wrapper" width=3D"1=
00%" 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"content" =
width=3D"1059" style=3D"text-align: center;"><a class=3D"image-link" target=
=3D"_blank" href=3D"https://substack.com/redirect/9050365e-eaf8-44f9-9c16-f=
7359c033e07?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7=
gWdY" rel style=3D"align-items: center; border: none; display: block; flex-=
direction: column; height: auto; margin: 0; padding: 0; position: relative;=
text-decoration: none; width: auto;"><img data-attrs=3D"{"src":&=
quot;https://substack-post-media.s3.amazonaws.com/public/images/de67da57-26=
7a-460d-8b6f-685a31a7da1d_1059x856.jpeg","srcNoWatermark":nu=
ll,"fullscreen":null,"imageSize":null,"height"=
;:856,"width":1059,"resizeWidth":null,"bytes"=
:406889,"alt":null,"title":null,"type":"=
image/jpeg","href":null,"belowTheFold":false,"=
;topImage":true,"internalRedirect":null}" alt width=3D"550" =
height=3D"444.5703493862134" class=3D"wide-image" src=3D"https://substackcd=
n.com/image/fetch/w_2118,c_limit,f_auto,q_auto:good,fl_progressive:steep/ht=
tps%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde67da=
57-267a-460d-8b6f-685a31a7da1d_1059x856.jpeg" style=3D"-ms-interpolation-mo=
de: bicubic; border: none !important; display: block; height: auto; margin:=
0 auto; margin-bottom: 0; max-width: 100% !important; vertical-align: midd=
le; width: auto !important;"></a></td><td style=3D"text-align: center;"></t=
d></tr></tbody></table></figure></div><p style=3D"color: rgb(54, 55, 55); f=
ont-size: 16px; line-height: 26px; margin: 0 0 20px 0;"><span>Ernst Ludwig =
Kirchner’s painting “Tanz im Varieté (Steptanz)“ fro=
m 1911 was last seen in public at Paul Cassirer’s gallery in 1923. Tw=
o decades later, it entered a family collection and disappeared from the vi=
ew of scholars and the public. The large picture captures Kirchner’s =
fascination with cabaret life and the emergence of modernism in Berlin at t=
he turn of the 20th Century. It was included in a 1912 Brücke exhibiti=
on. When the catalogue raisonné of the artist’s work was create=
d in 1968, the painting was marked “whereabouts unknown” and re=
presented by a black-and-white photograph. So it is something of a surprise=
—and an event—that the work has surfaced at Ketterer Kunst with=
a €2 million estimate. </span><a href=3D"https://substack.com/redire=
ct/9851d589-e89d-4d9c-bb7c-3b3b22b2a8f6?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0=
jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel style=3D"color: rgb(54, 55, 55); text=
-decoration: underline;">It will be auctioned on June 7th in Munich</a><spa=
n>. That estimate seems very conservative even in a declining market for wo=
rks of German Expressionism. A different Kirchner was auctioned this week i=
n London at Christie’s with a £2m estimate. It’s smaller a=
nd double-sided; it also dates from 1920 and depicts a nude on one side. Th=
e painting made £3.79 million ($4.82m). That would suggest the current=
market for a significant Kirchner is above that level. How much higher cou=
ld it go? The record at auction for Kirchner is a 1913 Berlin street scene.=
It sold for $38 million in 2006. In recent years, Kirchners have sold for =
as much as $21.9 million and $9.8 million. No one is saying that this work =
will sell in that region but it does give you a sense of the upper limit. <=
/span></p><div style=3D"font-size: 16px; line-height: 26px;"><hr style=3D"b=
ackground: #e0e0e0; border: none; height: 1px; margin: 32px 0; padding: 0;"=
></div><h2 class=3D"header-with-anchor-widget" style=3D"-moz-appearance: op=
timizelegibility; -moz-osx-font-smoothing: antialiased; -webkit-appearance:=
optimizelegibility; -webkit-font-smoothing: antialiased; appearance: optim=
izelegibility; color: rgb(54, 55, 55); font-family: 'SF Pro Display', -appl=
e-system-headline, system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI'=
, Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoj=
i', 'Segoe UI Symbol'; font-size: 1.625em; font-weight: bold; line-height: =
1.16em; margin: 1em 0 0.625em 0; position: relative;">Results</h2><p style=
=3D"color: rgb(54, 55, 55); font-size: 16px; line-height: 26px; margin: 0 0=
20px 0;"><strong>Sotheby’s Modern, Contemporary & The Now Evenin=
g =3D $126m</strong></p><div class=3D"captioned-image-container-static" sty=
le=3D"font-size: 16px; line-height: 26px; margin: 32px auto;"><figure style=
=3D"margin: 0 auto; width: 100%;"><table class=3D"image-wrapper" width=3D"1=
00%" 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"content" =
width=3D"493" style=3D"text-align: center;"><a class=3D"image-link" target=
=3D"_blank" href=3D"https://substack.com/redirect/5d405d0f-bb5a-40f4-a033-5=
87d66ed1d7b?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7=
gWdY" rel style=3D"align-items: center; border: none; display: block; flex-=
direction: column; height: auto; margin: 0; padding: 0; position: relative;=
text-decoration: none; width: auto;"><img data-attrs=3D"{"src":&=
quot;https://substack-post-media.s3.amazonaws.com/public/images/2af9a3c0-7e=
fb-48a1-8a20-cd601c3c1894_1024x1024.png","srcNoWatermark":nu=
ll,"fullscreen":null,"imageSize":null,"height"=
;:1024,"width":1024,"resizeWidth":493,"bytes"=
:128491,"alt":null,"title":null,"type":"=
image/png","href":null,"belowTheFold":true,"t=
opImage":false,"internalRedirect":null}" alt width=3D"493" h=
eight=3D"493" class src=3D"https://substackcdn.com/image/fetch/w_493,c_limi=
t,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media=
=2Es3.amazonaws.com%2Fpublic%2Fimages%2=
F2af9a3c0-7efb-48a1-8a20-cd601c3c1894_=
1024x1024.png" style=3D"-ms-interpolation-mode: bicubic; border: none !impo=
rtant; display: block; height: auto; margin: 0 auto; margin-bottom: 0; max-=
width: 100% !important; vertical-align: middle; width: auto !important;"></=
a></td><td style=3D"text-align: center;"></td></tr></tbody></table></figure=
></div><p style=3D"color: rgb(54, 55, 55); font-size: 16px; line-height: 26=
px; margin: 0 0 20px 0;"><span>Aggressive sale management gave Sotheby̵=
7;s the best hammer ratio of the week. Strong performers in the sale were <=
/span><strong>Victor Man</strong><span>, </span><strong>Françoise Gilo=
t</strong><span>, </span><strong>Salvo</strong><span>, </span><strong>Etel =
Adnan</strong><span> setting a new record price, </span><strong>Christopher=
Wool</strong><span> who surprised with a near-record for a work on paper, =
</span><strong>Rudolf Bauer</strong><span>, </span><strong>Jacqueline Hump=
hries</strong><span> with a strong price for a small emoticon painting, </s=
pan><strong>Emma Webster</strong><span> and a bright 14-inch </span><strong=
>Andy Warhol</strong><span> flowers painting. </span></p><h4 class=3D"heade=
r-with-anchor-widget" style=3D"-moz-appearance: optimizelegibility; -moz-os=
x-font-smoothing: antialiased; -webkit-appearance: optimizelegibility; -web=
kit-font-smoothing: antialiased; appearance: optimizelegibility; color: rgb=
(54, 55, 55); font-family: 'SF Pro Display', -apple-system-headline, system=
-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Aria=
l, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; fo=
nt-size: 1.125em; font-weight: bold; line-height: 1.16em; margin: 1em 0 0.6=
25em 0; position: relative;">Phillips 20th Century & Contemporary Eveni=
ng =3D $17.3m</h4><div class=3D"captioned-image-container-static" style=3D"=
font-size: 16px; line-height: 26px; margin: 32px auto;"><figure style=3D"ma=
rgin: 0 auto; width: 100%;"><table class=3D"image-wrapper" width=3D"100%" b=
order=3D"0" cellspacing=3D"0" cellpadding=3D"0" data-component-name=3D"Imag=
e2ToDOMStatic" style=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style=
=3D"text-align: center;"></td><td align=3D"left" class=3D"content" width=3D=
"491" style=3D"text-align: center;"><a class=3D"image-link" target=3D"_blan=
k" href=3D"https://substack.com/redirect/8b575a4e-7179-4801-9cfe-f5a59f6146=
e8?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel=
style=3D"align-items: center; border: none; display: block; flex-direction=
: column; height: auto; margin: 0; padding: 0; position: relative; text-dec=
oration: none; width: auto;"><img data-attrs=3D"{"src":"http=
s://substack-post-media.s3.amazonaws.com/public/images/becba84c-89d9-44de-8=
3fb-f732ce715223_1024x1024.png","srcNoWatermark":null,"=
fullscreen":null,"imageSize":null,"height":1024,&q=
uot;width":1024,"resizeWidth":491,"bytes":133268,&=
quot;alt":null,"title":null,"type":"image/png=
","href":null,"belowTheFold":true,"topImage&q=
uot;:false,"internalRedirect":null}" alt width=3D"491" height=3D"=
491" class src=3D"https://substackcdn.com/image/fetch/w_491,c_limit,f_auto,=
q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazo=
naws.com%2Fpublic%2Fimages%2Fbecba84c-89d9-44de-83fb-f732ce715223_1024x1024=
=2Epng" style=3D"-ms-interpolation-mode:=
bicubic; border: none !important; di=
splay: block; height: auto; margin: 0 auto; margin-bottom: 0; max-width: 10=
0% !important; vertical-align: middle; width: auto !important;"></a></td><t=
d style=3D"text-align: center;"></td></tr></tbody></table></figure></div><p=
style=3D"color: rgb(54, 55, 55); font-size: 16px; line-height: 26px; margi=
n: 0 0 20px 0;"><span>Phillips also had a strong sell-through rate for thei=
r Evening sale but the estimates were ahead of where the market would go. N=
evertheless, </span><strong>Salvo</strong><span> did well providing a secon=
d confirmation price in the $400,000 range for this artist whose market dem=
and seemed to come out of nowhere last Fall. </span><strong>Kehinde Wiley</=
strong><span> made a new auction record; </span><strong>Jordan Wolfson</str=
ong><span> and </span><strong>Jesse Mockrin</strong><span> saw new records,=
too. </span><strong>Atsushi Kaga</strong><span>, </span><strong>Marina Pe=
rez Simao</strong><span>, </span><strong>Andy Warhol</strong><span> also sa=
w strong sales. </span></p><h4 class=3D"header-with-anchor-widget" style=3D=
"-moz-appearance: optimizelegibility; -moz-osx-font-smoothing: antialiased;=
-webkit-appearance: optimizelegibility; -webkit-font-smoothing: antialiase=
d; appearance: optimizelegibility; color: rgb(54, 55, 55); font-family: 'SF=
Pro Display', -apple-system-headline, system-ui, -apple-system, BlinkMacSy=
stemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Em=
oji', '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;">C=
hristie’s 20/21 Evening Sale =3D $175m</h4><div class=3D"captioned-im=
age-container-static" style=3D"font-size: 16px; line-height: 26px; margin: =
32px auto;"><figure style=3D"margin: 0 auto; width: 100%;"><table class=3D"=
image-wrapper" 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"l=
eft" class=3D"content" width=3D"483" style=3D"text-align: center;"><a class=
=3D"image-link" target=3D"_blank" href=3D"https://substack.com/redirect/2f8=
c37d4-f486-41b3-8a54-4497e568c4a2?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpi=
srMe5iRnigHXx6Fx_g6pp7gWdY" rel style=3D"align-items: center; border: none;=
display: block; flex-direction: column; height: auto; margin: 0; padding: =
0; position: relative; text-decoration: none; width: auto;"><img data-attrs=
=3D"{"src":"https://substack-post-media.s3.amazonaws.com/pub=
lic/images/26e0d096-f80b-4e38-9049-06b940327231_1024x1024.png","s=
rcNoWatermark":null,"fullscreen":null,"imageSize":=
null,"height":1024,"width":1024,"resizeWidth"=
:483,"bytes":133656,"alt":null,"title":null,&=
quot;type":"image/png","href":null,"belowTheF=
old":true,"topImage":false,"internalRedirect":null=
}" alt width=3D"483" height=3D"483" class src=3D"https://substackcdn.com/im=
age/fetch/w_483,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F=
%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F26e0d096-f80b-4=
e38-9049-06b940327231_1024x1024.png" style=3D"-ms-interpolation-mode: bicub=
ic; border: none !important; display: block; height: auto; margin: 0 auto; =
margin-bottom: 0; max-width: 100% !important; vertical-align: middle; width=
: auto !important;"></a></td><td style=3D"text-align: center;"></td></tr></=
tbody></table></figure></div><p style=3D"color: rgb(54, 55, 55); font-size:=
16px; line-height: 26px; margin: 0 0 20px 0;"><span>The volume of Christie=
’s 20/21 sale really helped the market. The hammer ratio was still on=
the weak side but above par and the sell through rate was above the indust=
ry average. Half of the sale’s value was in the top six lots: three s=
old within estimates and three at compromise prices. So the top of the mark=
et remains well-priced to still-ambitious. The next four works in value wer=
e all bid above the estimates. They were by </span><strong>Kirchner</strong=
><span>, </span><strong>Henry Moore</strong><span>, </span><strong>Alberto =
Giacometti</strong><span> and </span><strong>Michael Andrews</strong><span>=
=2E There was also strong bidding for <=
/span><strong>Vilhelm Hammershoi</stro=
ng><span>, </span><strong>Eduardo Chillida</strong><span> as well as a new =
record. for </span><strong>Jadé Fadojutimi.</strong><span> A strong pr=
ice for a small </span><strong>Günther Uecker</strong><span> sculpture=
is also worth mentioning. Four </span><strong>Alighiero Boetti</strong><sp=
an> works sold with two exceeding expectations, especially an early pair of=
color works. A suite of </span><em>arrazi</em><span> sold for a price belo=
w the value of the individual works which is a curious outcome. </span></p>=
<h4 class=3D"header-with-anchor-widget" style=3D"-moz-appearance: optimizel=
egibility; -moz-osx-font-smoothing: antialiased; -webkit-appearance: optimi=
zelegibility; -webkit-font-smoothing: antialiased; appearance: optimizelegi=
bility; color: rgb(54, 55, 55); font-family: 'SF Pro Display', -apple-syste=
m-headline, system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Robot=
o, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Se=
goe UI Symbol'; font-size: 1.125em; font-weight: bold; line-height: 1.16em;=
margin: 1em 0 0.625em 0; position: relative;">Christie’s Surrealism =
=3D $75m</h4><div class=3D"captioned-image-container-static" style=3D"font-=
size: 16px; line-height: 26px; margin: 32px auto;"><figure style=3D"margin:=
0 auto; width: 100%;"><table class=3D"image-wrapper" width=3D"100%" border=
=3D"0" cellspacing=3D"0" cellpadding=3D"0" data-component-name=3D"Image2ToD=
OMStatic" style=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style=3D"t=
ext-align: center;"></td><td align=3D"left" class=3D"content" width=3D"481"=
style=3D"text-align: center;"><a class=3D"image-link" target=3D"_blank" hr=
ef=3D"https://substack.com/redirect/413a07d9-5548-47ba-a261-ac6fb64742e0?j=
=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel sty=
le=3D"align-items: center; border: none; display: block; flex-direction: co=
lumn; height: auto; margin: 0; padding: 0; position: relative; text-decorat=
ion: none; width: auto;"><img data-attrs=3D"{"src":"https://=
substack-post-media.s3.amazonaws.com/public/images/38609b12-22bb-4ed8-a12c-=
715daad42089_1024x1024.png","srcNoWatermark":null,"full=
screen":null,"imageSize":null,"height":1024,"=
width":1024,"resizeWidth":481,"bytes":135200,"=
;alt":null,"title":null,"type":"image/png&quo=
t;,"href":null,"belowTheFold":true,"topImage"=
:false,"internalRedirect":null}" alt width=3D"481" height=3D"481"=
class src=3D"https://substackcdn.com/image/fetch/w_481,c_limit,f_auto,q_au=
to:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws=
=2Ecom%2Fpublic%2Fimages%2F38609b12-22b=
b-4ed8-a12c-715daad42089_1024x1024.png=
" style=3D"-ms-interpolation-mode: bicubic; border: none !important; displa=
y: block; height: auto; margin: 0 auto; margin-bottom: 0; max-width: 100% !=
important; vertical-align: middle; width: auto !important;"></a></td><td st=
yle=3D"text-align: center;"></td></tr></tbody></table></figure></div><p sty=
le=3D"color: rgb(54, 55, 55); font-size: 16px; line-height: 26px; margin: 0=
0 20px 0;"><span>Three quarters of the value of the Surrealism sale came f=
rom seven works by </span><strong>René Magritte</strong><span>. The to=
p lot sold for a hair below the £30m asking price most likely to the t=
hird-party guarantor. It accounted for more than half of the total sale. Ne=
vertheless, there was strong bidding on lower-priced Magrittes. </span><str=
ong>Victor Brauner</strong><span> had two strong sales. </span><strong>Mere=
t Oppenheim</strong><span>, </span><strong>Man Ray</strong><span> and </spa=
n><strong>Hannah Höch</strong><span> also saw strong bidding on works.=
</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; -moz-osx-font-smoothing: antialiased; -webkit-appearanc=
e: optimizelegibility; -webkit-font-smoothing: antialiased; appearance: opt=
imizelegibility; color: rgb(54, 55, 55); font-family: 'SF Pro Display', -ap=
ple-system-headline, system-ui, -apple-system, BlinkMacSystemFont, 'Segoe U=
I', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Em=
oji', 'Segoe UI Symbol'; font-size: 1.625em; font-weight: 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 styl=
e=3D"box-sizing: border-box; color: rgb(54, 55, 55); font-size: 16px; line-=
height: 26px; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong><a h=
ref=3D"https://substack.com/redirect/c699813a-9d41-4c70-ab65-d3dd272cd998?j=
=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel sty=
le=3D"color: rgb(54, 55, 55); text-decoration: underline;">Wright is sellin=
g a Ruth Asawa that has been denied by the estate</a></strong><span>: What =
do you do when an artist’s estate denies the authenticity of a work t=
hat you have very good evidence for? </span><a href=3D"https://substack.com=
/redirect/77d14fba-0916-43d4-a365-8b14d6552237?j=3DeyJ1IjoiMjdjZXI5In0.nCNh=
OM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel style=3D"color: rgb(54, 55, 55=
); text-decoration: underline;">You make it the centerpiece of your marketi=
ng</a><span>. Wright is selling a Ruth Asawa “tied wire” sculpt=
ure in </span><a href=3D"https://substack.com/redirect/c699813a-9d41-4c70-a=
b65-d3dd272cd998?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_=
g6pp7gWdY" rel style=3D"color: rgb(54, 55, 55); text-decoration: underline;=
">its Post War & Contemporary sale next week</a><span> that was made in=
the mid-1970s and owned first by a close friend of the artist and then by =
her son who displayed the work outside his home where it was exposed to the=
weather. The current owner bought the work and has had it restored. Simila=
r works recognized by the estate have sold for prices in the $300,000 range=
=2E Wright has an $80,000 estimate and=20=
is encouraging the market to decide it=
s worth without the imprimatur of the estate. </span></p></li><li style=3D"=
margin: 8px 0 0 32px;"><p style=3D"box-sizing: border-box; color: rgb(54, 5=
5, 55); font-size: 16px; line-height: 26px; margin: 0; margin-bottom: 0; pa=
dding-left: 4px;"><strong><a href=3D"https://substack.com/redirect/32296116=
-a400-46b1-96cb-aecee56660be?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5=
iRnigHXx6Fx_g6pp7gWdY" rel style=3D"color: rgb(54, 55, 55); text-decoration=
: underline;">Lucas Samaras, Artist Who Was His Own Canvas, Dies at 87</a><=
span>: </span></strong><span>Judging from the byline, this obituary for Luc=
as Samaras in the New York Times was written some time ago. That doesn̵=
7;t mean its pungency has faded any. With the news yesterday that Samaras h=
as died, this obituary is worth reading as much for its prose as for itR=
17;s narrative of the artist’s life. “Lucas Samaras, who sang t=
he song of self louder and in more keys than perhaps any other postwar visu=
al artist, creating a wildly diverse body of work in which his own lithe bo=
dy, bearded face and personal effects took center stage in countless shape-=
shifting guises,” […] “Along with students and friends li=
ke </span><a href=3D"https://substack.com/redirect/e1260e8d-a65f-496a-90a9-=
f2c50db13803?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp=
7gWdY" rel style=3D"color: rgb(54, 55, 55); text-decoration: underline;">Ro=
bert Whitman</a><span>, </span><a href=3D"https://substack.com/redirect/dc1=
9b86e-5321-4d94-b759-3fef36e6670a?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpi=
srMe5iRnigHXx6Fx_g6pp7gWdY" rel style=3D"color: rgb(54, 55, 55); text-decor=
ation: underline;">George Brecht</a><span> and </span><a href=3D"https://su=
bstack.com/redirect/709c875a-933e-47e0-b74b-8f83f09b452e?j=3DeyJ1IjoiMjdjZX=
I5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel style=3D"color: rgb(=
54, 55, 55); text-decoration: underline;">George Segal</a><span>, he helped=
sow the seeds of conceptual art, Pop Art and what would become known as pe=
rformance art, based on a philosophy of demolishing artificial barriers bet=
ween art and everyday life” […] “While he had some affini=
ties with artists like Joseph Cornell, who began making Surrealist-influenc=
ed assemblage boxes in the 1930s, and with the shambolically colorful Funk =
artists of the Bay Area, Mr. Samaras sailed defiantly against prevailing tr=
ends and movements, seeming at times almost like an outsider artist” =
[…] “Reducing contact with friends and relations, he became alm=
ost a recluse in a new apartment and studio on the 62nd floor of a 1980s hi=
gh-rise in Midtown Manhattan, where he lived alone, tended to keep the curt=
ains drawn and ate the same meal, soup, almost every day.”</span></p>=
</li></ol><div style=3D"font-size: 16px; line-height: 26px;"><hr style=3D"b=
ackground: #e0e0e0; border: none; height: 1px; margin: 32px 0; padding: 0;"=
></div><h2 class=3D"header-with-anchor-widget" style=3D"-moz-appearance: op=
timizelegibility; -moz-osx-font-smoothing: antialiased; -webkit-appearance:=
optimizelegibility; -webkit-font-smoothing: antialiased; appearance: optim=
izelegibility; color: rgb(54, 55, 55); font-family: 'SF Pro Display', -appl=
e-system-headline, system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI'=
, Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoj=
i', 'Segoe UI Symbol'; font-size: 1.625em; font-weight: bold; line-height: =
1.16em; margin: 1em 0 0.625em 0; position: relative;">New York Preview</h2>=
<div class=3D"captioned-image-container-static" style=3D"font-size: 16px; l=
ine-height: 26px; margin: 32px auto;"><figure style=3D"margin: 0 auto; widt=
h: 100%;"><table class=3D"image-wrapper" width=3D"100%" border=3D"0" cellsp=
acing=3D"0" cellpadding=3D"0" data-component-name=3D"Image2ToDOMStatic" sty=
le=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style=3D"text-align: ce=
nter;"></td><td align=3D"left" class=3D"content" width=3D"605" style=3D"tex=
t-align: center;"><a class=3D"image-link" target=3D"_blank" href=3D"https:/=
/substack.com/redirect/4aa44f83-fd32-4f63-a546-061abc69829c?j=3DeyJ1IjoiMjd=
jZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel style=3D"align-it=
ems: center; border: none; display: block; flex-direction: column; height: =
auto; margin: 0; padding: 0; position: relative; text-decoration: none; wid=
th: auto;"><img data-attrs=3D"{"src":"https://substack-post-=
media.s3.amazonaws.com/public/images/75f6807f-9730-4613-81aa-85d96e5a735f_6=
05x415.jpeg","srcNoWatermark":null,"fullscreen":nu=
ll,"imageSize":null,"height":415,"width":605,=
"resizeWidth":null,"bytes":69214,"alt":null,&=
quot;title":null,"type":"image/jpeg","href&qu=
ot;:null,"belowTheFold":true,"topImage":false,"int=
ernalRedirect":null}" alt width=3D"550" height=3D"377.27272727272725" =
class=3D"wide-image" src=3D"https://substackcdn.com/image/fetch/w_1210,c_li=
mit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-med=
ia.s3.amazonaws.com%2Fpublic%2Fimages%2F75f6807f-9730-4613-81aa-85d96e5a735=
f_605x415.jpeg" style=3D"-ms-interpolation-mode: bicubic; border: none !imp=
ortant; display: block; height: auto; margin: 0 auto; margin-bottom: 0; max=
-width: 100% !important; vertical-align: middle; width: auto !important;"><=
/a></td><td style=3D"text-align: center;"></td></tr></tbody></table><figcap=
tion class=3D"image-caption" style=3D"box-sizing: content-box; color: #8080=
80; font-size: 14px; font-weight: 400; letter-spacing: -.15px; line-height:=
20px; margin-top: 8px; padding-left: 15%; padding-right: 15%; text-align: =
center; width: 70%;">Anselm Reyle, Untitled (2004) estimate $40,000</figcap=
tion></figure></div><p style=3D"color: rgb(54, 55, 55); font-size: 16px; li=
ne-height: 26px; margin: 0 0 20px 0;">The total estimated value of the New =
York mid-season sales is $52,297,000. Sotheby’s has already held its =
Contemporary Curated sale last week but the final number is worth comparing=
to the $73 million offered last year which included an additional $21 mill=
ion sale from Adam Lindemann. Neverthless, that’s a 28% drop in estim=
ate value. With Sotheby’s Contemporary Curated sale making the same t=
otal as last year, there’s room for the market to find some stability=
here. </p><p style=3D"color: rgb(54, 55, 55); font-size: 16px; line-height=
: 26px; margin: 0 0 20px 0;"><span>The top artists by value are </span><str=
ong>Cy Twombly</strong><span>, </span><strong>George Condo </strong><span>(=
including 5 small works from the 1980s), </span><strong>Andy Warhol</strong=
><span>, </span><strong>Richard Prince</strong><span>, </span><strong>Yayoi=
Kusama</strong><span>, </span><strong>Damien Hirst</strong><span>, </span>=
<strong>Rashid Johnson</strong><span>, </span><strong>Sam Gilliam</strong><=
span>, </span><strong>Jonas Wood</strong><span> and </span><strong>Alice Ne=
el</strong><span>. </span></p><p style=3D"color: rgb(54, 55, 55); font-size=
: 16px; line-height: 26px; margin: 0 0 20px 0;"><span>There are significant=
ly priced works by </span><strong>Yoshitomo Nara</strong><span>, </span><st=
rong>Alma Thomas,</strong><span> </span><strong>Rashid Johnson</strong><spa=
n>, </span><strong>Loie Hallowell</strong><span>, </span><strong>Mark di Su=
vero </strong><span>(among a number of works on a Long Island estate), </sp=
an><strong>Donald Judd</strong><span> and </span><strong>Wayne Thiebaud</st=
rong><span>. </span></p><p style=3D"color: rgb(54, 55, 55); font-size: 16px=
; line-height: 26px; margin: 0 0 20px 0; margin-bottom: 0;">There are, of c=
ourse, a number of works by artists with markets that have not yet formed a=
nd a wide range of historical artists whose sales might give us some sense =
of demand for their work. Detailed results next Friday. </p></div></div><di=
v class=3D"container-border" style=3D"border-top: 1px solid #e0e0e0; box-si=
zing: border-box; font-size: 16px; line-height: 26px; margin: 32px 0 0; wid=
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