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Art Sales

NEWS
May 16, 1990 | SUZANNE MUCHNIC, TIMES ART WRITER
"Portrait of Dr. Gachet," a melancholy character study by Vincent van Gogh, was purchased Tuesday night by Kobayashi Gallery of Tokyo for $82.5 million, the highest auction price ever paid for a work of art. Christie's auction house had valued the work at $40 million to $50 million, but lackluster sales of contemporary art last week had led to speculation that the estimate was overly optimistic.
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NEWS
November 23, 2006 | Suzanne Muchnic
A painting by Mexican artist Alfredo Ramos Martinez, expected to bring $350,000 to $450,000 in an auction of Latin American art, was sold for $1.8 million Tuesday night at Christie's New York. Fetching more than twice the top auction price previously paid for the artist's work, the colorful scene of two women surrounded by flowers was the star attraction in a $17-million sale that also brought record prices for 10 other artists.
NEWS
November 8, 1989 | SUZANNE MUCHNIC, TIMES ART WRITER
A series of contemporary art sales got off to a roaring start Tuesday night at Christie's as a closely watched opening night auction totaled $62.4 million in sales and broke 28 artists' records. British artist Francis Bacon's anguished painting "Study for a Pope" brought the top bid in the auction of 101 lots with a sale price of $5.7 million--far above the auction house's most optimistic estimate of $1.5 million but less than the record $6.3 million paid last May for Bacon's "Triptych May June."
ENTERTAINMENT
September 25, 1992 | SUZANNE MUCHNIC, TIMES ART WRITER
An $11-million art collection from the estate of composer Richard Rodgers and his wife, Dorothy, will be offered for sale this fall in three Christie's New York auctions. Twenty-six of the most valuable pieces, including paintings by Pablo Picasso, Pierre-Auguste Renoir and Henri Matisse valued at a total of $10 million, will go on the block Nov. 11. The most expensive item is Picasso's 1914 Cubist painting "Guitar and Newspaper," valued at $3 million to $4 million.
ENTERTAINMENT
November 6, 2004 | Suzanne Muchnic
"Maternity," a painting by Paul Gauguin depicting a Tahitian woman breastfeeding her baby with two other women nearby, was sold for $39.2 million to an unidentified bidder Thursday night at Sotheby's New York. The sale, an auction record for the artist's work, was the highlight of a three-day series of Impressionist and Modern art sales that ended with mixed results. Sotheby's sale racked up $194.3 million and brought big prices for some paintings: $31.
BUSINESS
May 29, 1995 | KATHY M. KRISTOF
When "Angel Fernandez de Soto," a rare portrait from Pablo Picasso's blue period, sold at auction this month for a record $29.15 million--three times its estimated value--industry pundits immediately proclaimed that investing in art was back with a vengeance. Even before the Picasso sold to composer Andrew Lloyd Webber, many brokers, dealers, gallery owners and investors were saying they'd perceived a quiet resurgence in buying paintings for more than just aesthetic value.
ENTERTAINMENT
May 11, 1991 | SUZANNE MUCHNIC, TIMES ART WRITER
One more round of high-profile art auctions. One more round of diminished expectations. Apart from a $7.26-million sale of Robert Rauschenberg's "Rebus" and a handful of other relatively high prices, a two-week series of Impressionist, modern and contemporary art sales that came to a close Thursday fell short of predictions. Lackluster sales were no surprise this spring.
ENTERTAINMENT
December 25, 1989 | SUZANNE MUCHNIC, TIMES ART WRITER
The most expensive artwork on record at the end of the '70s was Velazquez's $5.5-million painting, "Juan de Pareja." As the '80s draw to a close, that dubious honor is held by Van Gogh's "Irises," which brought $53.9 million in a 1987 auction. What accounts for the 10-fold rise? * An injection of new money from American, European and Japanese collectors.
ENTERTAINMENT
November 5, 2004 | From Associated Press
A painting from Claude Monet's series on London's Parliament building has sold at auction for $20.1 million. "London, the Parliament, Effects of Sun in the Fog," painted in 1904, was purchased by Samir Traboulsi, a Lebanese financier, at Christie's on Wednesday night. The Impressionist work, which depicts orange and red light piercing London's fog, had been in the same family, that of Monet's dealer, Paul Durand-Ruel, for 100 years.
ENTERTAINMENT
June 24, 1990 | SUZANNE MUCHNIC
The fate of Norton Simon's art collection is the most brightly burning issue in Southern California's art scene. Will his $750-million collection of European and Asian art stay in Pasadena in the building that bears his name? Will the museum merge with the J. Paul Getty Museum? Will Simon donate the collection to other museums? Or will he sell the whole thing in the art auction of the century?
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