Tag Archives: Christie’s

Lehman Brothers Art Work Under the Hammer

Artwork from the European branches of the collapsed US investment bank Lehman Brothers will go under the hammer in London next month in a two-million-pound auction, administrators said Sunday.

Works by Lucian Freud and Gary Hume will figure at the sale at Christie’s auction house on September 29, which comes two years after the bank’s demise.

“We think that there are many people around the world who would like to acquire some art with a Lehman connection,” said administrators PricewaterhouseCoopers.
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Princess Diana’s family sells Rubens painting

Princess Diana’s family has sold an important Old Master painting by Peter Paul Rubens for nine million pounds at auction.

“A Commander Being Armed For Battle”, which is thought to depict the 16th-century Holy Roman Emperor, Charles V, was sold to an anonymous bidder at Christie’s auction house in London on Tuesday.

The painting, completed between 1612-1614, used to hang in Althorp which is the ancestral seat of Diana’s family and the late princess’s childhood home.
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Wall Street sign sells for $116.5K at auction

A porcelain sign that once marked the intersection of Wall and Broad streets fetched $116,500 at Christie’s in Manhattan yesterday.

The seller, Kevin Lessin, bought the vintage sign about 25 years ago from a dealer liquidating the estate of a collector of New York memorabilia.

The sign consists of two enamel plaques set crosswise, with Broad above Wall in white letters on a cobalt-blue background.
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Modigliani sculpture sets records in Paris

A sculpted stone head by artist Amedeo Modigliani sold at Christie’s in Paris on Monday for euro 43.2 million, breaking the record for a work by the Italian artist.

The sculpture dated from between 1910 and 1912 and had been estimated at between four and six million euros.

“It’s a record for a work by the artist in any category”, including paintings and sculptures, said Christie’s, which organised the sale.
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Raza sets record for Indian modern art in London

A painting by leading Indian artist Syed Haider Raza sold for almost 2.4 million pounds in London on Thursday, setting a record for a modern Indian work.

“Saurashtra”, dated 1983, was estimated to fetch between 1.3 and 1.8 million pounds, but finally sold for 2,393,250 pounds including buyers’ premium.

The painting belonged to a key period in Raza’s career when he began to integrate elements of his Indian childhood and cultural heritage into his paintings.
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Monet lilies to star in ‘most valuable’ art auction

A painting of water lilies by French impressionist Claude Monet is expected to fetch up to 40 million pounds when it is auctioned off in London.

The painting, will star among dozens of modern masterpieces this month in what is being billed as the most valuable art auction ever held in the city.

Painted in 1906, the work is part of the French Impressionist’s iconic Nympheas series and was included in his historic exhibition in Paris three years later.
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Churchill’s cigar under hammer in London

A huge collection of diaries, letters and even a pristine cigar belonging to Winston Churchill was up for auction in London Wednesday.

The sale, which is expected to raise around one million pounds, is being billed by Christie’s as part of the most important private Churchill collection in the world.

It features his engagement diary for 1939 to 1945 which records meetings with leaders including US President Franklin Roosevelt, Joseph Stalin of Russia and Britain’s King George VI. It could fetch up to 120,000 pounds.
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Picasso piece sets record for art sold at auction

A 1932 Pablo Picasso painting of his mistress has sold for $106.5 million, a world record price for any work of art at auction.

“Nude, Green Leaves and Bust,” which had a pre-sale estimate of between $70 million and $90 million, was sold at Christie’s auction house on Tuesday evening to an unidentified telephone bidder.

The Spanish master’s painting eclipses the record set in February, when Alberto Giacometti’s “Walking Man I” sculpture sold in London for 104.3 million.
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Chinese interest rules the auction world

In a bold recognition of the world’s fastest-growing auction market, Sotheby’s recently hoisted China‘s flag at the most conspicuous spot outside its New York headquarters.

The flag now flies between those of the US, UK, France, and Switzerland, where the auction house has established its core client base.

“We proposed it. To my great surprise, not only was the Chinese flag hoisted, it was hoisted in the middle,” Kevin Ching, chief executive officer of Sotheby’s in Asia, told AFP.

Hong Kong has become the world’s third largest auction hub after New York and London, thanks to the rising political and economic prowess of China.
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Christie’s sued in counterfeit wine case

A Palm Beach billionaire has uncorked a suit charging Christie’s auction house is in cahoots with counterfeit wine sellers.

William Koch is still steaming about four bottles of wine supposedly owned by Thomas Jefferson that he bought for more than $300,000, which allegedly turned out to be fakes.

He’s already sued the seller – and now he’s trained his sights on the auction house, claiming it knew the Bordeaux was bogus.
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Record estimate for disputed Picasso painting

A Picasso painting owned by Andrew Lloyd Webber’s Art Foundation, which was at the centre of a dispute about its Nazi-era history, is to go under the hammer.

Lloyd Webber — composer of musicals like “Cats” — originally announced his intention to sell “Portrait of Angel Fernandez de Soto” for charity in 2006.

It was later withdrawn from auction after a claim that a previous owner, German-Jewish banker Paul von Mendelssohn-Bartholdy, had sold it under duress from the Nazi regime in Germany in the 1930s.

But von Mendelssohn-Bartholdy’s descendants reached an out-of-court settlement in the US in January with the Andrew Lloyd Webber Foundation, which is selling the picture, allowing it to retain ownership.
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Unseen Picasso masterpiece sells for £8m

A Picasso masterpiece unseen in public for 43 years fetched more than twice its expected price at auction – going for £8.1million at last night’s Christie’s sale.

Tete de Femme (Jacqueline), a 1963 portrait of the artist’s second wife, had not been seen in public since 1967 and was expected to fetch £4million.

Jacqueline had an unusually short neck and it is said that Picasso would jokingly exaggerate its size in his portraits – as in this elongated example.
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Christie’s Plans Website For Gucci Collectors

Gucci has always been vigilant to crack down on counterfeiting and trademark infringement, but now they’re taking a new angle on brand protection.

On January 18, 2010, Gucci and Christie’s will launch “Gucci Collector: Presented by Christie’s”— the very first Gucci-certified online destination for authenticating and appraising vintage Gucci products.

A dedicated section on www.christies.com will allow owners to upload photos of their vintage items and submit an appraisal request.
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George Washington letter sells for $3.2M

A letter penned by George Washington praising the new Constitution sold for $3.2 million at an auction, the highest price for a letter by America’s first president.

The four-page letter was written in 1787 to the president’s nephew, Bushrod Washington, and urges adoption of the country’s new constitution.

Last year, a 1864 letter in which President Abraham Lincoln replies to the abolitionist pleas of youth sold for $3.4 million.
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Rarely seen Rembrandt to be auctioned

A Rembrandt masterpiece is expected to fetch up to £25 million ($41 million) when it goes under the hammer at Christie’s on December 8, 2009.

The painting could break the record price for a Rembrandt, which currently stands at £19,800,000 paid for Portrait Of A Lady Aged 62, in December 2003.

The painting, titled “Portrait of a man, half-length, with his arms akimbo,” was painted in 1658 and has been unseen in public for nearly 40 years.
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Christie’s to Open Storage Warehouse in Brooklyn

The famed art auctioneer has signed a lease for 235,000 square feet of warehouse space in Brooklyn. Christie’s will store fine art in the waterfront building.

Christie’s
expects to occupy the six-story warehouse building early next year, according to a company spokeswoman.

The company would not say how much it paid for the space, but commercial brokers estimated costs at $8 to $10 per square foot.
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Second Yves Saint Laurent art sale

A second group of artworks from the collection of the late fashion designer Yves Saint Laurent and his partner Pierre Berge is expected to fetch up to 4 million euros ($5.7 million) when it appears for sale in November.

Christie’s International’s YSL Part II sale, held in collaboration with Pierre Berge, will take place at its Paris auction rooms on November 17, 18 and 19.

Almost 1,200 pieces will be offered, about half of them from the couple’s coastal retreat, Chateau Gabriel, at Benerville near Deauville in Normandy.
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Rare vivid pink diamond could break sale record

A five-carat cushion-cut pink diamond known as “The Vivid Pink” is set to lead Christie’s Hong Kong sale this fall.

According to a media release, the Vivid Pink is the largest potentially flawless fancy-vivid-pink diamond ever offered for sale at auction.

Property of a private collector and set in a ring by renowned jeweler Laurence Graff, the diamond is expected to fetch between $5-$7 million.
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