Thursday, December 02, 2004
$23,000,000. Smackeroos for Sargent Painting
According to the NY Times:
"Art prices are setting records again. In early November "No. 6 (Yellow, White, Blue Over Yellow on Gray)" by Mark Rothko was auctioned at Sotheby's for a record $17.4 million, almost 50 percent above the top end of Sotheby's estimate. "The Ninth Hour," a room with a lifesize wax pope felled by a meteorite, by the Italian artist Maurizio Cattelan, fetched $3 million at auction at Phillips, de Pury & Company, also exceeding its top estimate by half."
By EDUARDO PORTER, December 1, 2004
A record price for a John Singer Sargent has been set at Sotheby's at the recent sale.
PROPERTY FROM THE COLLECTION OF RITA AND DANIEL FRAAD
JOHN SINGER SARGENT
GROUP WITH PARASOLS (A SIESTA)
ESTIMATE 9,000,000—12,000,000 USD
Lot Sold. Hammer Price with Buyer's Premium: 23,528,000 USD
There it is, yet another art work sold at more than twice the estimate and a record for the artist. $23,000,000. smackeroos. Art is hot right now, right here.
Posted by Al Doyle at 11:17 PM