Modigliani the High Point to Otherwise Tepid Auction Season in New York 2015
Huffington Post - over 1 year
Amadeo Modigliani, Nu couché, 1917-18, oil on canvas, 23.62 x 36.25 in. Courtesy of Christie's.
There's been some whispering lately about an inevitable leveling off of the art market, and it seems that day has come. Besides the stratospheric result of Amadeo Modigliani's $170 million Nu Couché sold at Christie's on November 9, this season's auction returns have been relatively modest overall--or at least overestimated. Despite the lack of fireworks, the market is still demonstrating strength: Sotheby's looks poised to bring in a total of $1.1 billion this season, and Christie's about the same. So far, the two major auction houses are matching each other stride for stride, a far cry from the trouncing of last season.
Frank Stella, Delaware Crossing, 1961, alkyd on canvas, 77 x 77 in. Courtesy of Sotheby's.
Sotheby's kicked off the fall season on November 4 with the much-touted sale of the auction house's former chairman, A. Alfred Taubman, who died in April
Huffington Post article