Vasari Art Codex

trending_up market schedule May 7, 2025 visibility 3 link 22 artists, 6 galleries

consignors revealed new york auctions may 2025 2637611

The article reports on the upcoming May 2025 marquee auctions in New York at Christie’s, Sotheby’s, and Phillips, which carry a combined low estimate of about $1.2 billion—similar to last year. However, the market faces headwinds from U.S. trade wars, stock market volatility, high interest rates, and ongoing global conflicts. Major consignors include estates (Len Riggio, Anne Bass), living patrons (Tiqui Atencio, Norman Braman), dealers (Daniella Luxembourg, Barbara Gladstone, Enrico Navara), and institutions (SFMOMA, Virginia Museum of Fine Arts, Phillips Collection). Notable lots include Sheldon Solow’s $70 million Alberto Giacometti at Sotheby’s and Riggio’s $50 million Mondrian at Christie’s. Collector Peter M. Brant is revealed as the seller of Basquiat’s Baby Boom (1982) and a John Currin painting at Christie’s.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 16, 2025 visibility 6 link 12 artists, 4 galleries

70 million giacometti flops at sothebys as demand for trophy art softens 2644144

The top lot of Sotheby's May auction season in New York, Alberto Giacometti's bronze sculpture *Grande tête mince (Grande tête de Diego)* (1955), estimated at $70 million, failed to sell on Tuesday night. The work was consigned by the Soloviev Foundation, set up by Stefan Soloviev, son of late mega-collector Sheldon Solow, and was offered without a financial guarantee, a risky strategy that backfired when no bidders emerged. Auctioneer Oliver Barker made several chandelier bids before declaring the lot unsold at $64.2 million, shocking the packed salesroom.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 14, 2025 visibility 8 link 29 artists, 2 galleries

$70m Giacometti bombs at patchy Sotheby’s Modern art auction

Sotheby's Modern evening sale in New York on May 13 brought in $152 million ($186.4 million with fees), falling short of its presale estimate of $170 million to $248 million. Four lots were withdrawn before bidding began, including works by Winslow Homer, Wassily Kandinsky, Candido Portinari, and Pierre-Auguste Renoir. The sale's star lot, Alberto Giacometti's bronze bust 'Grande tête mince' (1954/55), estimated at over $70 million, failed to sell when bidding stalled around $64 million. Other notable results included strong sales for Jean Arp, František Kupka, and Robert Delaunay, but several high-profile works by Henri Matisse, Pablo Picasso, Edgar Degas, Pierre Soulages, and David Smith also failed to find buyers.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule May 14, 2025 visibility 4 link 4 artists

giacometti bust fails to sell at sothebys may 2025 sale 1234742177

A 1955 bronze bust by Alberto Giacometti, estimated at $70 million, failed to sell at Sotheby's modern evening auction in New York on May 13, 2025. The sculpture, from the estate of real estate magnate Sheldon Solow, was offered without a guarantee and bidding reached $64 million before the lot was pulled after four minutes, likely because the reserve price was set above that amount. Auctioneer Oliver Barker presided over the sale, which Sotheby's CEO Charles Stewart described as an organic auction moment despite the lack of a sale.

newspaper ARTnews open_in_new Read original

trending_up market schedule May 15, 2025 visibility 4 link 6 artists, 1 gallery

Failed auction of $70M bronze bust stuns Sotheby’s bidders into silence

Sotheby's high-stakes Modern evening sale on Tuesday night ended in shock when Alberto Giacometti's bronze bust "Grand tête mince (Grand tête de Diego)," estimated at $70 million, failed to sell. Bidding stalled at $64.25 million, well below the reserve, and auctioneer Oliver Barker withdrew the lot. The consignment came from the Soloviev Foundation, the nonprofit arm of the late real estate mogul Sheldon Solow, who had declined an auction guarantee. The sale ultimately brought in only $152 million, far short of the $240 million low estimate, with the Giacometti representing nearly 30% of that target.

newspaper New York Post open_in_new Read original