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For the second year in a row, Banksy dominated the Sotheby’s Frieze Week evening sale of contemporary art in London. The secretive British artist’s massive piece of political satire, Devolved Parliament (2009), Read More

Experience the lively auction room atmosphere as bidders at Sotheby’s Contemporary Art Evening Sale in London drove the selling price of KAWS’ “Again and Again” to a record price for the artist. Eventually selling for £1.03 million, the depiction of one of America’s best loved cartoon characters was expected to fetch between £250,000–300,000.

After 19 minutes of dueling, with four bidders on the telephone and one in the room, Leonardo da Vinci’s “Salvator Mundi” sold on Wednesday night for $450.3 million with fees, shattering the high for any work of art sold at auction. It far surpassed Picasso’s “Women of Algiers,” which fetched $179.4 million at Christie’s in May 2015. The buyer was not immediately disclosed. The painting was dismissed as a copy and sold for only $60 in 1958, acquired by a group of art dealers for $10,000 in 2005 and finally after being completely restored and authenticated as an Original Da Vinci, sold for $450.3 million.

Source: NY Times

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A Los Angeles mural by graffiti artist Banksy is up for auction. Estimated to fetch $150k to $300k. 

Banksy is a pseudonym for an elusive British graffiti artist who first emerged in Bristol, England, as part of an underground group of artists. He has become known for his trademark spray-paint stencils that offer social commentary.

He intentionally hides his identity and real name, but verifies his works by featuring them on his website (www.banksy.co.uk).

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photo credit: #Instagram

 

Rapper, producer, designer and entrepreneur Swizz Beatz has added another job to his resume: visual artist.

The Bronx native auctioned off his first original art piece — a cool portrait of Muhammad Ali painted on a vintage Porsche hood — at a benefit for Smile Design Gallery on Tuesday night.

The piece sold for  $24,000 and will be donated to charity.

source

‘Untitled,’ 1981, acrylic and oil stick on canvas, 78 x 68 inches

Christie’s recently announced that Jean-Michel Basquiat’s 1981 work, Untitled, could set an artist’s record in November, when it is expected to sell for about $20 million (usd).

Christie’s did not identify the seller, but it is rumored to be French fashion photographer Patrick Demarchelier.

 Basquiat died at the age of 27 in 1988 of a drug overdose.  According to Christie’s,Jean-Michel Basquiat left 917 drawings, 25 sketchbooks, 85 prints, and 171 paintings.

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SCHAUMBURG, Ill. — When is a penny worth $1.15 million? When it is a rare experimental penny minted in 1792.
The unusual coin was auctioned off Thursday at the Renaissance Schaumburg Convention Center in suburban Chicago.
Officials with Heritage Auctions say Kevin Lipton of Beverly Hills, Calif., bought the penny on behalf of a group of unnamed investors. The winning bid was $1 million, but the investors also must pay the auction house’s 15 percent commission. Read More

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Spotted: Huffington Post
It was a glorious day when the music video for “Otis,” the first single from super-collaboration “Watch the Throne” was released. Yet in a music video starring hip-hop’s biggest giants Jay-Z and Kanye West and directed by indie-darling Spike Jonze… you wouldn’t expect a car to steal the show, but the deconstructed Maybach stole our hearts.

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The $350,000 vehicle was part Burning Man part bling… a perfect visual for the broken-down American dream aesthetic of the video. According to GalleristNY the car can now be yours, if you are willing to, as Jay says, be spendin’ cheese. The wheels will sell at Phillips du Pury auction house on March 8, with proceeds going to Save the Children. It is expected to sell at around $100,000.
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NEW YORK (Reuters) One of actress Elizabeth Taylor’s Dior evening gowns sold for $362,500, boosting the total for the auction of her haute couture to $2.6 million at Christie’s.

The silver encrusted brocade gown from 1968, with matching bag, had been estimated at about $5,000, but a protracted bidding war among several determined would-be buyers drove the price to about 70 times that, including commission.

The Wednesday sale, the third in a weeks’ worth of auctions of Taylor’s storied jewels, clothes, memorabilia and other items, was not marked by the freewheeling frenzy that prevailed on Tuesday, when her finest jewelry took in $116 million.
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