Auction record
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Record price for early work sends late graffiti artist into “super blue-chip” territory as demand—and prices—soar
“Modern Chinese art has one goal: how to merge western art and Chinese art. Now Chinese collectors recognise the value of these works.”
Christie's Paris sold the work to an anonymous phone buyer
We noted in 2010, amid a painful global downturn, that a Picasso nude carried the largest pre-sale auction estimate in history at $70m to $90m
The London-based Russian billionaire has bought the record-breaking works; he has not previously been known to collect art
The ruling Al-Thanis bought the artist’s Lullaby Spring at Sotheby’s last year for £9.7m and are also believed to have purchased the Rockefeller Rothko for $72.8m
Sold at auction for 4.52bn, ($4.86m)
In 2006 we reported that attempts to accurately measure the market are being thwarted by auction guarantees and private sales between tight-lipped collectors
In recent years have seen works sold for explosive prices—and now in 2006 we are asking if this an indication of an accelerating trend or a reflection of the cyclical nature of the market?
A new Orientalist star overturns Gérôme; Italo-Swiss Alpine artist fetches $9.5 million and “The big wave” sweeps photography to new heights
No market for the mediocre, however