Need To Inform. Contemporary Art Evening Auction 2019

Updated: Jan 2, 2020

Auction Season 2019

It is worldwide auction season. We will turn to Sotheby´s Hong Kong, where a private collector bid via telephone for two of the three most important lots of the season in which the line that was followed was Post-War and Contemporary Art. He invested about 54,4 million dollars. This sum corresponds only to 20% of the total estimated sum that was above 205.7 million dollars. It closed at 270.7 million including all costs that are generated after an auction.

This year was presented with a meek trade and results compared to last year for these seasons.

That afternoon a lot was sold less than last year.

This year the trophies were lower than in past seasons. While the 2018 season offered 22 lots estimated at $ 20 million or more each, this season only counts five (three in Sotheby's and two in Christian's, all but one in contemporary night sales)

Another sign that auction houses may be exploiting a new territory to boost the end result is the incorporation of artists who have never appeared before in night sales, including established but undervalued names such as African-American artists Charles White and

1.-Alma Thomas, owned by the dishonored comedian Bill Cosby, was auctioned under an estimated $ 2.2 million. (TO FANTASTIC SUNSET)

We review history on this topic, pointing out the first time that

Sotheby´s operates as a private company, acquired by French-Israeli tycoon telecom Patrick Drahl - but so far the results are not known under Drahl.

Here we take a tour of the auction week.

Monday, November 11, 2019

Christie’s Impressionist and Modern Art Night Sale.

Artist: Pablo Picasso

Name: Femme dans un fauteuil (Francoise)

Year: 1949


Tuesday, November 12, 2019

Sotheby’s Impressionist and Modern Art Night Sale

Artist: Claude Monet

Name: Charing Cross Bridge

Year: 1930


Wednesday, November 13, 2019

Christie´s Post-war and Contemporary Night Sale

Artist: Ed Ruscha

Name: Hurting the word Radio # 2

Year: 1964

STAR LOT, by many considered one of the best slogans of the Season. On that occasion, the House gave a special treatment to Ruscha, as a true star, recreating a custom room to exhibit, his work, completing the exhibition with benches, curved walls and a continuous loop of music from the time in which he created the work; as was done in some past season for Jeff Koons with his Rabbit.

Sold by record price of this artist for $ 46 million.

Thursday, November 14, 2019

Sotheby’s Contemporary Art Night Sale

Artist: William die Kooning

Name: Untitled XXII

Year: 1977

STAR LOT. The strangeness of the auction lot offered by dealer Robert Mnuchin, father of US Treasury Secretary Steven Mnuchin, is highlighted on behalf of an unknown vendor.