Category: Auctions

Latest World Art News about Auctions of Art, Antiques, and Collectibles

Takeaways from a Record-Breaking Early Auction Season

Collection sales dominated headlines of another record-breaking fall auction season, while the emerging market feels the pressure of economic worries.

With art market prices soaring as of late, recent blue-chip auctions were projected to reach significant high-flying, record-breaking heights. Not only did these lots deliver, but in some instances their price tags surpassed their monumental estimates. The highly anticipated Paul Allen collection, the personal assortment of paintings and sculptures owned by the late Microsoft co-founder, blew past the $1 billion estimated value, which already would’ve made his collection the most expensive ever sold.

While some say the results of the Phillips auction suggests a cooling of the market, works of personal collections, especially those hidden from public view for prolonged periods of time are doing exceedingly well.

Sotheby’s Successful NFT Auction of ‘MetaSkull’ Collection Brought Over $665K for Famed Contemporary Artist Jacky Tsai

Jacky Tsai and Froyo Games, a Web3 GameFi platform, announced the successful auction sale of “MetaSkull 元宇宙骷髅”(1/1001), the first digital art NFT in the MetaSkull collection, which is a series consisting of 1001 unique NFTs created with generative art programming. The auction was hosted by Sotheby’s – a Xperience Digital Art Auction, with the unique skull motif’s final bid concluding at USD $7,700 (HKD $60,480). 

The combined auction proceeds from Mr. Tsai’s digital artworks amounted to USD $665,832 (HKD $5,226,480), with a total of 5 lots sold – including Jacky’s impressive “Golden Years”, which sold for USD $321,036 (HKD $2,520,000).

METASKULL NFT DROP | Renowned Digital Artist Jacky Tsai and Froyo Games Launch Skull Art NFTs for Metaverse

Jacky’s first digital project was an NFT titled “Chinese Floral Skull, Lot 37” that sold at Sotheby’s auction for $302,400 US, which was the highest price paid for an NFT designed by an Asian artist.

Jacky Tsai, a London-based and Shanghai-born modern contemporary artist, is pleased to announce “MetaSkull Collection 元宇宙骷髅”, his inaugural Skull Art NFT collection that features the artist’s iconic skull motif designs.

Mr. Tsai worked in collaboration with Froyo Games, a Web3 gaming platform with extensive video-game development experience globally, to develop and launch the MetaSkull Collection, which is geared for the metaverse. 

PIGUET HISTORICAL AUCTION: The World Swiss Foundation & The Minkoff Collection | Total $3-4 Million

PIGUET HISTORICAL AUCTION – Total Estimate: 3-4 Million CHF

The World Swiss Foundation – over 500 lots.

The Minkoff Collection – over 300 lots.

Rare oil painting by Ferdinand Hodler.

Bronze by Rembrandt Bugatti from Alain Delon’s collection.

Many exceptional historical treasures are listed at auction for the First Time!

20 – 21 September, 2022 | Geneva, Switzerland

PIGUET GREAT AUCTION: From Fine Art & Jewellery to Ferrari Memorabilia and more! Total $5 – 7.5 Million

PRESS RELEASE – Geneva, 4 June, 2022

PIGUET is pleased to organize a Great Auction of:

Fine jewellery in aid of supporting young designers

Botero, Degas, Giacometti, Picabia celebrating the female figure

The incredible Charles-Edouard Duflon collection reflecting his unusual character

First Ferrari Memorabilia sale

The Château Le Rosey library of rare books and much more!

NFT DROP: Shantell Martin & Ben Sheppee will release their Third Collection “Lapidarist” | VIDEO

British artists Shantell Martin and Ben Sheppee will release their third NFT drop on June 3rd, entitled Lapidarist. A collaborative ongoing series of works, Lapidarist deconstructs and transforms solid or valid entities. The three-dimensional nature of the now abstract structures, each of which floats aimlessly in space, contributes to their ambiguity as something imagined attempts to become something real.

With a collaborative working relationship that spans 15 years, artists Martin and Sheppee have styles that both contrast and complement each other’s practice, style, and work. 

Prices on Old Rotary Phones are Up 500%

MARKET ALERT | Vintage rotary phones have been steadily rising in value and liquidity, becoming almost as good as gold.

Rare models sell between $200-2000 regularly. Even most basic rotary phones are in high demand.

Well-known home decorators are getting in the game and scooping up vintage phones from the market in bulk!

Further fuel into the fire is thrown by the limited (and constantly decreasing) supply.

NFTs Exhibited at WOW Festival in Dubai Sold to Major Digital Art Collectors 

Digital Gallery at WOW Summit Dubai Witnesses Major NFT Sale on the First Day of the Exhibition.

WOW summit commenced on the 13th of March with three full days of blockchain, metaverse industry news. The ‘Alternative Reality’ exhibition was curated by Daria Lomova, an art advisor and historian.

One of the main aims of the WOW summit was to raise public knowledge and awareness of the sweeping world of blockchain, crypto, AI, NFTs and beyond. That is why it was important for Lomova to curate an exhibition that people could relate to, while learning about the different digital art forms. 

NFT AUCTION: RtistiQ Set To Launch Digital NFTs of Raja Ravi Varma’s ‘The Coquette’ and ‘Reclining Nair Lady’

To start off the new year, RtistiQ will present the Digital NFT versions of Raja Ravi Varma’s (RRV) works ‘The Coquette’ and ‘Reclining Nair Lady’, two of his most famous paintings. With the originals considered to be National Treasures and unable to be brought out of India, the NFT versions will be auctioned online on the RtistiQ platform from 17 February to 20 February 2022.

This collection will be single editions of works of the Indian Art Legend to be tokenized and minted and this also marks the first NFT sales in collaboration with a traditional gallery and an artist foundation.

Original Artworks valued at USD 2.5M

Lithographs valued at USD 1K

METRO NEWS: Soviet painting by Czeslaw Znamierowski sold in China for $120,000

Czeslaw Znamierowski, an artist who died forty years ago, is gaining fame in the 21st century. His artwork recently sold for $120,000 in China, setting a personal record.

Znamerovsky’s paintings began to be bought up by oriental auctions, galleries and collectors, according to the Chinese news agencies.

In a relatively short time, the cost of Cheslav Znamerovsky’s paintings increased from several hundred to tens of thousands and even hundreds of thousands of dollars.