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Going once: A packed Christies sale room looks on as telephone bidders vie for the most important (and the largest) of Monet's Waterlilies, sold at Christie's, London for an astonishing £40.1 million on June 24, 2008, setting a record price for the artist and a record for any Impressionist painting.

DAY 10 Today is Tuesday, June 14,th Thursday, January 12th, and we are examining the role of the auctions in the art market. In 2012, Christie's will be 250 years old.

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http://www.dailymail.co.uk/news/article-1029279/Show-Monet--Impressionists-water-lilies-record-40m.html#ixzz1OhUihNNS
 

Individual Contributions

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Vincent Anthony Falkiewicz

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Erica Gilbert-Levin  

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Kimberly Ann Phoenix  

At the latest Christie's Post-War and Contemporary Art Evening Sale 61 lots sold for a total of $301,663,000.  Among the lots were 43 painting, 13 sculptures, 3 photographs and 2 drawings & watercolors representing Andy Warhol, Jean-Michel Basquiat, Jeff Koons, and Sam Francis to name only a few.  After scanning the list, Sam Francis's reef a predominantly blue painting jumped out of the list. Like the suggestion in the reading the litmus test is alive and well, bright colors attacked interest. (Thornton 24)  Each of the lots is accompanied by an audio description along with a written narrative as well. Other information provided is lot description which gives the artist name, name of the painting, medium used, size, and when the painting was done.  The list of who has owned the work of art is also displayed.  This particular painting was first owned by the Martha Jackson Gallery in New York.  This gallery was started in 1952 and closed in 1969, 1969 was the first time this painting changed hands.  The Martha Jackson Gallery was run by Jackson who was created with being a shrewd business woman and committed to her artist working to promote and educate people about the art and artist.  Reef   was then purchased by Mr. and Mrs. Robert Miller form there it was acquired by Galerie Beyeler.  At some point the painting was acquired by a private collector from Japan, the interesting thing is that Reef was purchased again by the Galerie Beyeler.  This is similar to David Nahmad buying back something the family owner before (Thorton 22), there is no way for find out why the gallery did this but it could have been to protect the value of their other holdings. In the end this painting sold for 3,666,500 including buyer premium.       Image Removed

http://www.christies.com/LotFinder/lot_details.aspx?from=salesummary&intObjectID=5437827&sid=078a642e-111c-4b8f-9356-e34fb2106de7

http://www.ubartgalleries.org/?gallery=anderson&select=page&page=martha_jackson_archives

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Charles Saunders

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Day 10 - Charles Saunders
Day 10 - Charles Saunders
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Christina Chaplin

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Day 10 - Christina Chaplin
Day 10 - Christina Chaplin
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Dalanda Jalloh

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Day 10 - Dalanda Jalloh
Day 10 - Dalanda Jalloh
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Daniel Chazen

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Day 10 - Daniel Chazen
Day 10 - Daniel Chazen
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Elena Cestero

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Day 10 - Elena Cestero
Day 10 - Elena Cestero
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H. Hunt Bradley, III

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Day 10 - H. Hunt Bradley, III
Day 10 - H. Hunt Bradley, III
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June Shin

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Day 10 - June Shin
Day 10 - June Shin
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Kelly Zona

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Day 10 - Kelly Zona
Day 10 - Kelly Zona
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Khrystyne Wilson

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Day 10 - Khrystyne Wilson
Day 10 - Khrystyne Wilson
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Kwame Nana-Atoo

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Day 10 - Kwame Nana-Atoo
Day 10 - Kwame Nana-Atoo
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Lipei Yu

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Day 10 - Lipei Yu
Day 10 - Lipei Yu
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McKenzie Sullivan

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Day 10 - McKenzie Sullivan
Day 10 - McKenzie Sullivan
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Nicholas Krislov

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Day 10 - Nicholas Krislov
Day 10 - Nicholas Krislov
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Tadd Phillips

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Day 10 - Tadd Phillips
Day 10 - Tadd Phillips

Consider & comment:
Please use this space to respond to your classmates' work and to engage in lively discussions on the day's topic. Keep your comments concise and conversational by responding to others, rebutting or supporting their ideas. Use the comment box below for these observationsConsider & comment:
What did you think of today's readings and wiki features? What issues if any did they raise for you? How did the audio visual material provided support your understanding of this topic? Comment on your classmates' posts. Leave your comments in the box below.