Category: Prices

Latest Prices for Art, Antiques, and Collectibles from The World Art News

Duct-Taped Banana Sells for $6.2 Million vs. 6.2 Million Children Die from Starvation Each Year

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A banana duct-taped to a wall has just sold for $6.2 million at Sotheby’s in New York, an event hailed by art critics as a record-breaking triumph. But as headlines celebrate this bizarre spectacle of wealth, one must confront an unsettling parallel: every year, 6.2 million children die from starvation, mostly in Africa. That’s over 17,000 children a day. While crypto millionaires and provocateurs play with their money in the name of “art,” over 700 million people around the world go to bed hungry. There’s something deeply rotten in our global culture when a piece of duct tape and a banana is valued more than the lives of millions dying from preventable causes.

Magritte’s Masterpiece Sets Surreal World Record, Selling for $121 Million at Christie’s

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René Magritte’s “L’empire des Lumières” (1954) has shattered records, selling for an astonishing $121.2 million at Christie’s in New York. This iconic surrealist work, renowned for its haunting juxtaposition of a tranquil daylit sky and a shadowy nocturnal streetscape, captivated collectors in a dramatic bidding war. The sale not only surpassed its $95 million pre-sale estimate but also established a new benchmark for the Belgian artist, solidifying his place among the most sought-after figures in modern art. This masterpiece, part of the late Mica Ertegun’s celebrated collection, has been hailed as a quintessential representation of Magritte’s enigmatic brilliance.

Ultra-Rare Pre-Revolution 1652 Massachusetts Silver Threepence Coin Shatters World Records with $2.5 Million Sale

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In an unprecedented moment for numismatic history, a rare 1652 Massachusetts silver threepence, about the size of a modern nickel, sold for an astonishing $2.52 million in an auction conducted by Stack’s Bowers Galleries. This sale marked a new world record for any coin struck in the American colonies before the American Revolution, surpassing the previous high of $646,250 by nearly $2 million. Additionally, this threepence set a new benchmark for any non-gold coin produced prior to the founding of the U.S. Mint.

African Artists Show Strong Results at Auction: William Kentridge Smashes Estimate

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A recent auction at Bonhams in London showcased the dynamic and rising value of Modern and Contemporary African Art, concluding with total sales of £2,439,400 (approximately $2,976,068). The event featured prominent works, including William Kentridge’s Monument I, which soared past expectations, selling for £483,000 (about $589,260) against its estimate of £200,000–£300,000. Kentridge’s evocative charcoal piece, rooted in his Drawings for Projection series, epitomizes his narrative-driven approach that intertwines historical introspection with striking visual artistry. Irma Stern’s Zululand and significant pieces by Ben Enwonwu and Marlene Dumas further emphasized the auction’s success, underscoring the burgeoning global recognition and deepening collector interest in African art’s profound heritage and contemporary vibrancy.

Islamic Sarghitmish Lamp Sets World Record as Most Expensive Glass Artifact, Selling for $6.5 Million at Bonhams

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In a landmark moment for art history, a 14th-century Sarghitmish mosque lamp from Egypt has shattered records, fetching an extraordinary £5,130,400 ($6.56 million) at Bonhams’ Islamic and Indian Art Sale in London on November 12, 2024. The sale attracted intense competition both in the room and via phone bidders, solidifying the lamp’s status as the most expensive glass object ever sold at auction. Initially estimated at £600,000-1,000,000 ($785,000-1,300,000), the lamp’s final price far exceeded expectations.

Pollock, Basquiat, Warhol, Twombly Headline Monumental Phillips Auction

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Phillips is set to command the art world’s attention with its upcoming November Evening Sale of Modern & Contemporary Art in New York. The highly anticipated event, scheduled for November 19 at their prestigious 432 Park Avenue location, will present 33 carefully curated works that bridge the gap between celebrated modern masters and contemporary visionaries. The sale is headlined by Jackson Pollock’s Untitled, circa 1948, a landmark piece from his groundbreaking drip painting period, and features rare double self-portraits by both Jean-Michel Basquiat and Andy Warhol, offered together for the first time at auction. Additional highlights include Cy Twombly’s mythologically charged Crimes of Passion I and a striking array of works by Pablo Picasso and Joan Miró, making this event a must-see for collectors and art enthusiasts worldwide.

‘A Scout is Loyal’ and Worth $5 Million! Norman Rockwell’s Patriotic Masterpiece Set for Auction

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Norman Rockwell’s ‘A Scout is Loyal’, a stirring portrayal of American patriotism, is poised to be the highlight of Bonhams’ American Art sale on November 20. Painted in 1940 during the artist’s most significant period amidst World War II, this masterpiece embodies Rockwell’s talent for capturing the national spirit. Featuring a Boy Scout surrounded by powerful American symbols—including the flag, a bald eagle, and historic figures such as Presidents Abraham Lincoln and George Washington holding the Bill of Rights—the painting is valued at $3 million to $5 million. It serves as a poignant reminder of unity and resilience during times of challenge.

The King’s Cadillac: Elvis Presley’s Last Car, 1977 Seville, to Be Sold in Sealed Auction

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A piece of rock and roll history is hitting the auction block as Elvis Presley’s 1977 Cadillac Seville, one of the last cars the King of Rock and Roll ever purchased, goes up for a rare sealed-bid auction with Bonhams|Cars. This customized Cadillac, featuring a powerful 5.7-liter V8 engine and fitted with a CB radio for private communication within Graceland, reflects Presley’s larger-than-life persona and unique style. Authenticated by Graceland and still bearing his name on the title, the car offers collectors a chance to own a personal artifact from Elvis’s final years. Bidding opens on November 4, inviting fans and collectors alike to pursue this exceptional piece of cultural history.

Rare $1 Million Japanese Whisky Collection to Hit the Auction Block in Paris

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One of the world’s most exclusive Japanese whisky collections, the Hanyu Ichiro Malt Full “Card” Series, is set to be auctioned in Paris this November. Expected to fetch between $750,000 and $1.28 million, the collection features 54 bottles, each representing a playing card and signed by master distiller Ichiro Akuto. Known for setting record-breaking prices, Bonhams Cornette de Saint Cyr will host this online auction from November 12 to 29, offering collectors a rare opportunity to acquire a complete set of this historic Japanese whisky.

Rory Gallagher’s Legendary 1961 Fender Stratocaster Sells for Over $1.15 Million, Returns to Ireland

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The collection of famed Irish musician Rory Gallagher reached an extraordinary milestone at Bonhams New Bond Street auction house this October, where every item offered was sold. Leading the sale was Gallagher’s legendary 1961 Fender Stratocaster, which fetched a remarkable £889,400 ($1,156,793). The guitar, which Gallagher famously purchased for £100 on credit from Crowley’s Music Store in Cork in 1963, has become an icon in rock history for its worn look and unmistakable sound.