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November 11, 1988 | SUZANNE MUCHNIC, Times Art Writer
A pair of record-setting sales of contemporary art Wednesday night at Christie's kicked off a seven-day round of auctions, expected to sell more than $300-million worth of late 19th-and 20th-Century art. Thirty-two pieces from the Burton and Emily Hall Tremaine collection, estimated to bring $20 million, totalled $25.8 million in sales (including the standard 10% buyer's premium) and set records for 15 artists. The sales total tripled the record of $8.
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ENTERTAINMENT
November 11, 1988 | SUZANNE MUCHNIC, Times Art Writer
A pair of record-setting sales of contemporary art Wednesday night at Christie's kicked off a seven-day round of auctions, expected to sell more than $300-million worth of late 19th-and 20th-Century art. Thirty-two pieces from the Burton and Emily Hall Tremaine collection, estimated to bring $20 million, totalled $25.8 million in sales (including the standard 10% buyer's premium) and set records for 15 artists. The sales total tripled the record of $8.
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ENTERTAINMENT
May 2, 1991 | ALEENE MacMINN, Arts and entertainment reports from The Times, national and international news services and the nation's press
Auction Update: Robert Rauschenberg's 1955 painting "Rebus" was sold to an anonymous bidder Tuesday night at Sotheby's New York for $7.26 million. The price is a record for the artist and nearly $1 million more than the bankrupt seller, Swedish real estate investor Hans Thulin,paid for it three years ago. The "Rebus" sale was the high mark of a contemporary art auction that netted $21.26 million, about $2.4 million less than Sotheby's lowest prediction.
NEWS
November 10, 1988
Painter Jasper Johns' "White Flag" sold for $7 million, the highest auction price ever paid for a contemporary art work, at Christie's in Manhattan. The buyer is Swedish collector Hans Thulin. Jackson Pollock's 7-foot-wide "drip" painting "Frieze" sold for $5.7 million to an anonymous New York dealer, a record for a Pollock work. Both were sold at an auction of 32 contemporary art works from the private collection of Burton and Emily Hall Tremaine.
ENTERTAINMENT
November 17, 1988 | SUZANNE MUCHNIC, Times Art Writer
Impressionist and modern art brought in the biggest bucks, but contemporary art attracted the most attention during a week of record-setting auctions here that drew to a close late Wednesday afternoon. "Contemporary art is no longer the stepchild of modern art. Contemporary art has become such a popular pastime that the excitement carries over from the galleries into the auction houses." said Martha Baer, head of Christie's contemporary art department.
NEWS
March 8, 1989 | PAUL DEAN, Times Staff Writer
Three tons of faded French royalty has ended a cold and ignoble exile on an air freight ramp at LAX. For two weeks while clearing customs, it was wind-swept and rained upon. Companions were commoners, computer parts departing to Australia and vinyl tote bags arriving from Taiwan. But Sunday, this 1931 Bugatti Royale, this bluest of bloods, was trucked to Las Vegas to resume a throne--as the world's most expensive automobile. Next month it will be sold at auction. For a predicted $15 million.
ENTERTAINMENT
November 15, 1991 | SUZANNE MUCHNIC, TIMES ART WRITER
The contemporary art market is down--way down from its all-time high in the fall of 1989--but it isn't out. All it takes to infuse life in the market is bargain prices for good material and a couple of mega-collectors from Los Angeles. That seemed to be the message at Sotheby's big fall sale of 82 contemporary artworks on Wednesday night.
ENTERTAINMENT
April 30, 1991 | SUZANNE MUCHNIC, TIMES ART WRITER
"We don't know where the market is. We hope in the next months to find out what real prices are," Sotheby's President Diana D. Brooks recently told the audience at the "1991 Artnews World Art Market Conference" in New York.
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