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Art Market Snapshot

SUMMER SALES

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The summer auctions of Impressionist, Modern, Post-War and Contemporary art in London are one of the major moments for the art market, and they’ve traditionally been the key art moments of the year in the British capital. This year, the tradition was slightly scuppered by Christie’s surprise decision not to hold any auctions of Post-War and Contemporary Art but the other auction houses carried on as normal nonetheless, giving the season a slightly odd dimension but still presenting a chance to see the art market at work and gain market intelligence before the long summer break.
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LONDON CALLING

By | Art Fairs, Art Market Snapshot, Exhibitions | No Comments

If you have any interest in art and antiques, this is the week to be in London.  With a whole host of art auctions, fairs and events taking place across the city, and offering everything from antiquities to contemporary art, you’re going to need your stamina! Here we give you our take on four of the main events, along with a round-up of what to expect from the auctions.
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BASQUIAT, BRANCUSI AND DOIG: GUARANTEED SUCCESS IN NEW YORK

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In May and November each year, New York becomes the stage for the auction market’s biggest act; the Impressionist, Modern and Contemporary art sales. These are by far the biggest sales of the year; the two seasons combined can go on to represent about a third of the annual turnover for the major auction houses. When the global art market hit its peak in May 2015, these sales made well over $2.5 billion in a week – a staggering total.
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MODERN & CONTEMPORARY SPRING AUCTIONS

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Just two weeks into May, and without pausing for breath, focus shifts from this week’s previews at the Venice Biennale and returns to New York for next week’s major auctions of Modern and Contemporary art. Just two weeks ago, the city hosted a busy week with Frieze and TEFAF New York, both of which led to reports of a solid, if not frenzied, market in the private market. The auction season will give a much more public bill of health.
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BATTLE OF THE BASQUIATS AT AUCTION IN MAY

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Anticipation is building for the major spring auctions in New York in May, one of the biggest market moments of the year. This series of Modern and Contemporary art sales sees Christie’s and Sotheby’s go head to head in the heavyweight stakes, not just during the sales, but from months before when they start gathering works to sell.
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