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10 August 2016

Your July auctions round-up

Who Broke Pablo Picasso's Winning Streak at Auction?

 
 

August 10, 2016

 
 
 
 
 

Johnny Swing
Murmuration, 2012
Sold for 112,500 USD (with premium)
The Four Seasons
July 26, 2016
Wright

 
 
 
1
 
 

Design duo Gartha and Ada Louise Huxtable broke Pablo Picasso’s streak as the most popular artist at auction in July. They had 224 works offered at a single sale, Wright’s The Four Seasons, which lasted an impressive 14 hours and featured furniture and objects from the iconic Four Seasons restaurant in New York.

 
 
2
 
 

Despite losing his title of the most popular artist at auction, Pablo Picasso remained the most searched artist on artnet for the month of July, while the top-searched decorative art specialty was Chinese works of art.

 
 
3
 
 

Christie’s London came out on top with the highest sale total in July, achieving $104,414,551 with a sell-through rate of 65%. One stand-out work was Peter Paul Rubens’ Lot and his Daughters, which broke the record for the most expensive lot sold by their Old Masters Department at $58,002,713 on July 7.

 
 
4
 
 

Peter Paul Rubens, Zhang Daqian, and Yan Baozhen were the three top-selling artists at auction in July. The artists brought in $61,720,200, $19,543,505, and $9,522,812, respectively.

 
 
5
 
 

For the fourth consecutive year, artnet has partnered with the China Association of Auctioneers (CAA) to publish the Global Chinese Art Auction Market Report. It will provide an in-depth look at the auction market for Chinese art, which accounted for almost a third of the global art auction market in 2015. This must-read report will be published in the coming weeks—stay tuned!

 
 
 
 

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