Art Auction
Art Auction Sales Drop 27% as Fewer $10 Million Works Are Sold, Report Finds
Sales of art ranging from Old Masters to contemporary works by the three top auction houses slid 27.2% to US$5.7 billion this year, yet the number of sales made rose by 6.7% as a higher number of lower-priced pieces found buyers, the London-based analysis firm ArtTactic said on Monday.
Rising interest rates, inflation, and geopolitical strife contributed to the softer sales, but the precipitous drop also can be explained by the absence of the US$1.6 billion masterpiece-filled collection of the late Microsoft co-founder Paul Allen. Christie’s, which brought the collection to market last year, released figures earlier on Monday indicating its sales would have fallen only 7% if the Allen collection was left out of the year-to-year comparison. Instead, its preliminary results slid 27% to US$6.2 billion.
stellar lineup of works from leading contemporary artists in support of Whitechapel Gallery’s Exhibition and Participation Programmes.
Whitechapel Gallery is delighted to announce the donation of 20 exceptional artworks for auction by artists Andrew Pierre Hart (b. UK), Gideon Rubin (b.1973, Israel), Ali Kazim (b.1979, Pakistan), Daisy Dodd-Noble (b.1989, UK), Taylor Simmons (b.1990, USA), Wynnie Mynerva (b.1992, Peru), Ania Hobson (b.1990, UK), Danny Fox (b.1986, UK), Julie Curtiss (b.1982, France), Tunji Adeniyi-Jones (b.1992, UK), Michele Fletcher (b. 1963, Canada), Rose Nestler (b.1983, USA), Studio Lenca (b.1986, El Salvador), Hettie Inniss (b.1999, UK), Tiona Nekkia McClodden (b.1981, USA), Victoria Cantons (b.1969, UK), Peter Kennard (b.1949, UK), Christopher Page (b.1984, UK), Michael Armitage (b.1984, Kenya) and Sang Woo Kim (b.1994, South Korea).
Read More: https://fadmagazine.com/2025/02/26/whitechapel-gallerys-art-icon-auction-now-open/
A Cornish primary school has received more than 100 pieces of art for an anonymous auction to raise money for art materials and equipment.
Carly-Ann Clark, art teacher at St Day and Carharrack Community School, went on TikTok to raise awareness of the art auction being held on 27 February.
Mrs Clark said she had been overwhelmed by the response to her post which has been watched more than 46,000 times.
“I just thought it was a great way to connect with lots of people at once to hopefully get five or six people donating a piece of art work to the school,” she said.
Read More: https://www.bbc.com/news/articles/clyj98negdgo.amp
A print of Banksy’s famous Girl with Balloon artwork has fetched more than 100,000 dollars at a Los Angeles auction.
An original proof print of the mural sold for 104,000 dollars (£80,652), twice its expected asking price.
