Tag: Art Investing

Two Portraits by Johann Zoffany Triple Their Estimate, Fetching Over $1.2 Million at Bonhams Auction

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Two captivating portraits by the renowned 18th-century artist Johann Zoffany shattered expectations at a recent London auction, selling for over $1.2 millionโ€”more than three times their estimated value. Depicting a flower girl and a watercress girl in stunning detail, these companion pieces had remained hidden in a private family collection for over a century. With a rich history tied to Zoffanyโ€™s rise as a court favorite and celebrated portraitist, these works dazzled bidders and art enthusiasts alike. Discover the story behind their remarkable journey and the artist who brought them to life.

Francesco Hayezโ€™s ‘Bathsheba’ Painting Sets Record with $1.8 Million Sale at Christieโ€™s

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A masterpiece by the celebrated 19th-century Italian painter Francesco Hayez has shattered expectations at Christieโ€™s Old Masters Evening Sale in London, setting a new world auction record for the artist. Bathsheba, an evocative oil painting dating back to 1827, sold for an astonishing $1,893,348, nearly doubling its pre-sale estimate! Bathsheba is hailed not only for its technical brilliance but also for its storied provenance. The painting was first acquired directly from Hayez by King William I of Wรผrttemberg at Milanโ€™s Brera Academy. According to Hayezโ€™s memoirs, the king, captivated by the paintingโ€™s beauty and mastery, paid the artistโ€™s full asking price on the spot.

Filthy Fox Auction Club Vol. III: Breaking Barriers for Emerging Artists

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The Filthy Fox Auction Club (FFAC) returned with its third edition at The Old Church in Stoke Newington, delivering an electrifying celebration of art and innovation. Featuring 33 works from 13 emerging artists trained at top institutions like Slade, Camberwell, and City & Guilds, the event achieved a remarkable 90% sales rate and drew a packed house of 200 attendees. By blending a live-streamed auction with in-person energy, FFAC connected creators with collectors in a groundbreaking format that champions accessibility, fair pricing, and community in the art world.

Obscure Artist Stuns Auctioneers: Leonardo Guzzardiโ€™s Portrait of Lord Nelson Sells 15 Times Estimate

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In a stunning turn of events, a rare portrait of Admiral Lord Nelson by the little-known Italian artist Leonardo Guzzardi sold for ยฃ94,380 ($120,000) at Bonhamsโ€™ Old Master Paintings auction in London, shattering its modest pre-sale estimate of ยฃ6,000โ€“ยฃ8,000 ($7600โ€“$10,200). The 1799 full-length depiction of Nelson in naval dress, set against a dramatic maritime backdrop, captivated bidders and underscored a growing appetite for rediscovered works by overlooked artists. Guzzardi, a relatively obscure figure believed to have worked for the Neapolitan Court, has gained renewed attention for his raw, realistic portrayals of the famed British naval hero, marking this sale as both a market surprise and a testament to the timeless allure of historical portraiture.

Jessica Dismorrโ€™s Self-Portrait Sets New Auction World Record at Bonhams

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Jessica Dismorr, a pioneering figure in British modern art, has achieved a new auction world record at Bonhams’ recent Blazing a Trail: Modern British Women auction. The sale, which ran online from September 9 to 18, showcased the largest known private collection of works by Dismorr, with the centerpiece, Woman Seated (Self-Portrait), selling for ยฃ57,600 (approximately $73,000). The final price far surpassed its pre-sale estimate of ยฃ4,000โ€“6,000 (approximately $5,000โ€“$7,600), cementing Dismorr’s position as a significant figure in 20th-century art.

Surrealist Art Market Shows Strong Momentum with Record Sales and High Demand

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The surrealist art market is currently experiencing a notable period of growth, evidenced by strong auction results and heightened collector interest. Recent sales in New York, Paris, and London reflect a robust appetite for works from this historically significant movement. Renรฉ Magritteโ€™s Lโ€™empire des Lumiรจres (1954) led the market in 2024, achieving $121.16 million at Christieโ€™s New Yorkโ€”the highest price ever paid for a surrealist artwork. This sale underscores a broader trend of sustained demand for surrealist pieces, both from marquee names and historically underrepresented artists.

Magritte’s Masterpiece Sets Surreal World Record, Selling for $121 Million at Christieโ€™s

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Renรฉ Magritteโ€™s “Lโ€™empire des Lumiรจres” (1954) has shattered records, selling for an astonishing $121.2 million at Christieโ€™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 Ertegunโ€™s celebrated collection, has been hailed as a quintessential representation of Magritteโ€™s enigmatic brilliance.

Pollock, Basquiat, Warhol, Twombly Headline Monumental Phillips Auction

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Phillips is set to command the art worldโ€™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 Pollockโ€™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 Twomblyโ€™s mythologically charged Crimes of Passion I and a striking array of works by Pablo Picasso and Joan Mirรณ, 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 Rockwellโ€™s ‘A Scout is Loyal’, a stirring portrayal of American patriotism, is poised to be the highlight of Bonhamsโ€™ American Art sale on November 20. Painted in 1940 during the artistโ€™s most significant period amidst World War II, this masterpiece embodies Rockwellโ€™s talent for capturing the national spirit. Featuring a Boy Scout surrounded by powerful American symbolsโ€”including the flag, a bald eagle, and historic figures such as Presidents Abraham Lincoln and George Washington holding the Bill of Rightsโ€”the painting is valued at $3 million to $5 million. It serves as a poignant reminder of unity and resilience during times of challenge.

Hans Hartung Masterpiece Sells for $1.4 Million at Piguet Auction House

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Piguet Hรดtel des Ventes in Geneva, Switzerland, set new benchmarks in the art world this week, as a major work by the renowned abstract painter Hans Hartung fetched CHF 1.2 million ($1.4 million USD) at auction, placing it among the top 10 highest-selling pieces by the artist globally. This milestone, achieved in a somewhat challenging international art market, underscores Genevaโ€™s growing importance as a key destination for high-profile art auctions.