Fine Art and Antiques

Here’s Your Complete July 2018 Auction Calendar

Sotheby’s is set to dominate the headline art auctions throughout the July 2018 Auction Calendar. Both the Old Masters Evening sale and Pre-Raphaelite British Impressionist art sale are in the highly anticipated schedule.

The world’s biggest classic motor racing festival is also set to return. With it comes Silverstone’s classic sale, which should ignite the classic car world and give indication on how the market will pan out into the latter half of the year.

Sotheby’s Old Masters Evening Sale – July 4th

London, United Kingdom

July 2018 Auction Calendar

London Art Week always results in a busy and exciting time for the London art market at the start of July. Arguably the most important and influential auction of the week will take place at Sotheby’s Bond Street auction house, the Old Masters Evening Sale.

Leading the way will be Joseph Mallord William Turner’s stunning portrait, depicting Walton Bridges in one of his highly important series of views of the River Thames. The portrait is expected to fetch up to $5 million when it goes under the hammer on July 4th.

Victorian, Pre-Raphaelite & British Impressionist Art – July 12th

London, United Kingdom

July 2018 Auction Calendar

An exciting array of paintings, drawings and watercolours are up for grabs at this vastly important midsummer art auction. The sale will offer examples of not only the pre-Raphaelites but also Classical Revival and British Impressionist pieces.

The sale will be led by lot 12 – John William Waterhouse’s enchanting masterpiece, ‘The Siren’. Find out all of the enthralling history and provenance behind this piece here.

Silverstone Classic Sale 2018 – July 21st

Warwickshire, England

July 2018 Auction Calendar

The Silverstone Classic Sale is upon us again and it has some absolute gems up for auction. With plenty of rare, provenant Ferraris, Porsches and Jaguars in the mix, it is hard to pick a real standout contender for the featured lot.

The 1958 Mercedes-Benz 300SL Roadster leads the way in terms of price by a considerable margin, with an estimated hammer price of between $700,000 and $800,000. The car comes with fully documented restoration by a ‘Who’s Who’ of the UK’s leading 300SL specialists and is sure to cause some serious excitement among the classic car enthusiasts at Silverstone.

 

See below for the full July 2018 Auction Calendar:

AuctionAuction HouseCategoryStart DateEnd DateLocationURL
Watches OnlineSothebysJewellery & WatchesJuly 2, 2018Onlinehttps://goo.gl/SL5Zkt
Medieval and Renaissance Manuscripts and Continental and Russian BooksSothebysFine Art and AntiquesJuly 3, 2018London
Old Master Sculpture & Works of ArtSothebysFine Art and AntiquesJuly 3, 2018London
Royal Orders and Medals from the collection of George, Duke of Cambridge SothebysMedalsJuly 3, 2018Londonhttps://goo.gl/kBsXiU
Ancient Sculpture and Works of ArtSothebysFine Art and AntiquesJuly 3, 2018Londonhttps://goo.gl/j2Z97m
AntiquitiesChristiesFine Art and AntiquesJuly 3, 2018Londonhttps://goo.gl/HRJf36
Old Master & British Drawings & WatercoloursChristiesFine Art and AntiquesJuly 3, 2018Londonhttps://goo.gl/XSp8mB
Quentin Blake: A Retrospective Alternative Versions from the artist's personal collectionChristiesFine Art and AntiquesJuly 3, 2018Onlinehttps://goo.gl/zZbrmb
Old Master & British Works on PaperSothebysFine Art and AntiquesJuly 4, 2018London
TreasuresSothebysJewellery & WatchesJuly 4, 2018Londonhttps://goo.gl/HFbdX7
Old Masters Evening SaleSothebysFine Art and AntiquesJuly 4, 2018London
Treasured Portraits from the Collection of Ernst HolzscheiterChristiesFine Art and AntiquesJuly 4, 2018Londonhttps://goo.gl/n7QDUs
Gold BoxesChristiesGoldJuly 4, 2018Londonhttps://goo.gl/MmBmgP
Old Masters Day SaleSothebysFine Art and AntiquesJuly 5, 2018Londonhttps://goo.gl/8pkbyZ
Collection Quidam de RevelSothebysFine Art and AntiquesJuly 5, 2018Parishttps://goo.gl/8XywWc
Thomas Chippendale: 300 YearsChristiesFine Art and AntiquesJuly 5, 2018Londonhttps://goo.gl/Nb7VYE
The Exceptional Sale 2018ChristiesFine Art and AntiquesJuly 5, 2018Londonhttps://goo.gl/xivPFc
Old Masters Evening SaleChristiesFine Art and AntiquesJuly 5, 2018Londonhttps://goo.gl/6Poa2i
From Artist to Woodblock: Japanese Prints OnlineChristiesFine Art and AntiquesJuly 5, 2018Onlinehttps://goo.gl/q7UAi2
Jewels OnlineSothebysJewellery & WatchesJuly 6, 2018Onlinehttps://goo.gl/f2e9xV
Contemporary Prints and Multiples OnlineSothebysFine Art and AntiquesJuly 6, 2018Onlinehttps://goo.gl/bVddzw
Old Masters Day SaleChristiesFine Art and AntiquesJuly 6, 2018Londonhttps://goo.gl/wauxNT
English Literature, History, Science, Children's Books and IllustrationsSothebysBooksJuly 9, 2018Londonhttps://goo.gl/cF8co7
First Open Online: Post-War and Contemporary ArtChristiesFine Art and AntiquesJuly 9, 2018Onlinehttps://goo.gl/jA3i
Contemporary EditionChristiesFine Art and AntiquesJuly 9, 2018Onlinehttps://goo.gl/SCnzdy
MoMA: Tracing Photography's HistoryChristiesPhotographyJuly 9, 2018Onlinehttps://goo.gl/xa1c5S
The Library of an English Bibliophile Part VIIISothebysBooksJuly 10, 2018Londonhttps://goo.gl/QgQWCV
Science and Natural HistoryChristiesScienceJuly 10, 2018Londonhttps://goo.gl/4mTiXy
Finest and Rarest WinesSothebysFine WineJuly 11, 2018Londonhttps://goo.gl/orVMbt
19th & 20th Century SculptureSothebysFine Art and AntiquesJuly 11, 2018Londonhttps://goo.gl/4DPcqA
Valuable Books and ManuscriptsChristiesBooksJuly 11, 2018Londonhttps://goo.gl/4p3U37
Victorian Pre-Raphaelite & British Impressionist ArtChristiesFine Art and AntiquesJuly 11, 2018Londonhttps://goo.gl/k3P18b
The Art of China: New York, Summer EditionChristiesFine Art and AntiquesJuly 11, 2018Onlinehttps://goo.gl/8WvRXf
The Art of China: London, Summer EditionChristiesFine Art and AntiquesJuly 11, 2018Onlinehttps://goo.gl/jA3i
Phillips x Artsy: Summer SchoolPhillipsFine Art and AntiquesJuly 11, 2018New Yorkhttps://goo.gl/huxC3b
Victorian, Pre-Raphaelite & British Impressionist ArtSotheby'sFine Art and AntiquesJuly 12, 2018Londonhttps://goo.gl/mSMPMx
US CoinsHeritageCoinsJuly 12, 2018July 16, 2018Orlando
Victorian, Pre-Raphaelite & British Impressionist ArtSothebysFine Art and AntiquesJuly 12, 2018Londonhttps://goo.gl/LgqJT5
19th Century European & Orientalist ArtChristiesFine Art and AntiquesJuly 12, 2018Londonhttps://goo.gl/2zTp8K
Contemporary Art OnlineSothebysFine Art and AntiquesJuly 13, 2018Onlinehttps://goo.gl/KMSNnB
Christie's Wine OnlineChristiesFine WineJuly 17, 2018Onlinehttps://goo.gl/HPvJaV
SportsHeritageMemorabilliaJuly 19, 2018July 20, 2018Dallas
Contemporary Art OnlineSothebysFine Art and AntiquesJuly 24, 2018Onlinehttps://goo.gl/hhY37V
Close to Home: Christie's Staff Art ShowChristiesFine Art and AntiquesJuly 25, 2018Onlinehttps://goo.gl/zjV9Nv
Movie PostersHeritageMemorabilliaJuly 28, 2018July 29, 2018Dallas
20th Century & Contemporary Art & Design Evening SalePhillipsFine Art and AntiquesJuly 25, 2018Hong Kong
Jewels and JaeditePhillipsJewellery & WatchesJuly 28, 2018Hong Kong
The Hong Kong Watch Auctions: SIXPhillipsJewellery & WatchesJuly 28, 2018Hong Kong

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Fine Art Asset Management – Tips for Clients

Jessica Davidson, founder of Davidson Art Advisory LLC, shares asset management tips for collectors to consider when buying fine art, while you own your artwork and in planning for the future.

WHEN YOU BUY

Fine Art Asset Management

Sotheby’s Postwar and Contemporary Evening Sale (May 2017). Courtesy: Sotheby’s.

Regardless of where you buy an artwork – at a gallery, through an advisor, at auction, during an art fair, from an artist’s studio, or online – you will want to ensure you have proper documentation at the time of purchase for fine art asset management. This typically includes 1) an invoice with all the artwork details and transactional information, 2) proof of payment, 3) a Certificate of Authenticity with photographs of the work and provenance information, if applicable, and 4) shipping documentation (i.e. the bill of lading). For especially valuable works, consider retaining a third party to inspect the works and prepare the appropriate condition reports.

As a part of fine art asset management, it is important to understand the best way to display and care for your artworks, including framing and installation recommendations, to keep them looking their best and to ensure their longevity. As a general rule, artworks should be displayed and/or stored in climate-controlled areas where fluctuations in relative humidity and temperature are kept to a minimum. Artworks should also not be hung in direct sunlight – particularly works on paper, which are especially vulnerable to light damage. It is advisable to frame photographs and works on paper under Museum Glass, which virtually eliminates reflections and blocks up to 99% of UV rays with its conservation grade coating.

WHILE YOU OWN

Fine Art Asset Management

Eleanora Kupencow, Acrobats (2003), Private Collection. Courtesy: Davidson Art Advisory LLC

All art purchases should be tracked in either an inventory management system or, at a minimum, in a spreadsheet backed up to the cloud and/or an external hard drive. The recommended tracking method for fine art asset management will depend on the size and value of your art collection. For large collections consisting of over 50 works, you will likely want to a database such as galleryManager, ArtBase or ArtBinder.

As artwork values may fluctuate over time, it is advisable to periodically appraise one’s existing art assets to ensure adequate insurance coverage. If you have a regular homeowner’s or renter’s insurance policy, you may be covered up to your policy limit per item minus a deductible. For valuable art, you will likely need a separate add-on floater to specifically cover it, which most insurance companies offer as a supplemental policy. For particularly high-value collections, you should consider investing in a policy underwritten by separate fine art insurance company, such as Chubb, AXA or Hiscox. The brokers at these companies are specialists who understand fine art and how to protect it.

While in possession of your art assets, you may also want to consider leveraging them to unlock capital. As the global art market has expanded, so has the financial sector that lends against it. Today, many collectors around the world opt to leverage their art to gain liquidity for other investments and to buy more art. Traditional banks and specialized non-bank financial institutions, such as Borro, will lend money against a portfolio of high-quality art, upending the historical norm of art being a highly illiquid asset.

PLANNING FOR THE FUTURE

Fine Art Asset Management

Lila Acheson Wallace Wing at the Met. Courtesy: Metropolitan Museum of Art

Determining how to monetize and estate plan for art assets requires expertise in a variety of disciplines, including art, finance and banking. Professional art advisors, working in conjunction with tax, legal and financial advisors, can assist with how to incorporate a collector’s art assets into broader estate plans to achieve personal planning and philanthropic objectives, along with the transfer of the collection’s assets through both sales and gifts.

In terms of legacy planning, you can approach this proactively by candidly assessing your goals and attitudes toward your art collection, asking yourself questions such as: Should all or a portion of my collection remain intact? Do I want to donate/bequest any works to specific cultural institutions and/or heirs? You should also be aware of the tax implications of “art collecting” vs. “art investing”.

In the United States, if you retain artwork for over 1 year and sell it at a profit, as an “art collector” you are required to pay long-term capital gains tax on any increase in value. If, however, the work was purchased for “investment purposes”, it may be possible to defer paying capital gains on the sale if you reinvest the proceeds in similar, like-kind property, per Section 1031 of the Internal Revenue Code. The motivation behind owning art for investors is to earn a profit, rather than for personal enjoyment. As an investor, you should present yourself as such to galleries and auction houses, have regular professional appraisals, take steps to increase the value of your collection (i.e. lending works to museums), keep detailed records of your transactions and seek advice from qualified art and tax experts.

About the Author

Jessica Davidson is the founder of Davidson Art Advisory LLC, a NYC-based boutique fine art consulting firm that provides advisory services to collectors and institutional clientele. Focusing on post-war and contemporary art, founder Jessica Davidson assists both connoisseurs and novices build special, highly personal collections by helping them cultivate their tastes, explore the art market strategically, acquire works they love, and effectively manage their collection.

Jessica@davidsonartadvisory.com | 917.547.8062 | www.davidsonartadvisory.com

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Picasso 1932: ‘Love, Fame, Tragedy’

Picasso 1932 Exhibition

‘The Most Influential Artist of the 20th Century’

Thousands of enthusiasts and Picasso fans began to make plans for London’s biggest art exhibition of the year when it was first announced back in January that ‘Love, Fame, Tragedy’ would open its doors as the first ever solo Pablo Picasso Exhibition at the Tate. Arguably the most influential artist of the 20th century was to collaborate with the most iconic gallery in the United Kingdom, the Tate London for the Picasso 1932 exhibition.

This exhibition provided genuine insight into Picasso’s personal life. After delving further into the exhibition it became apparent that 1932 would be one of the most important periods in his captivating life. The first section of the exhibition explores Picasso’s rise from a poor Spanish migrant to an international superstar.

Picasso 1932 Exhibition

Picasso’s Motivation for his Relentless Work Ethic during 1932

Although Picasso had received renowned praise for his work, critics were beginning to question whether he was an artist of the past rather than an artist for the future. This left Picasso feeling ‘increasingly restless’ and ‘critically side-lined’.

These factors led to Picasso’s first sculpture experimentation and his first major retrospective. These reflected the times of economic depression and mass unemployment in his native Spain.

1932 saw Picasso’s attempt to flirt with surrealism. He was trying to compete with his close rival Henri Matisse, who had already become a master in this area.

Picasso 1932 Exhibition

One striking impression of the exhibition was the sheer number of works that Picasso had managed to produce in 1932.

The Picasso 1932 exhibition featured over 100 paintings, sculptures and drawings, in what appeared to be an endless display of fine artworks. The exhibition started with the accustomed ‘cubism’ theme featuring bright, prime colors; a synonymous feature of many of Picasso’s great works.

Marie-Therese Walter – Picasso’s Muse

Picasso’s muse and 22-year-old mistress, Marie-Therese Walter, was an exceptionally influential part of Picasso’s life in 1932. She became the feature of three acutely rare and extraordinary paintings. The paintings were situated together for the first time since their five-day creation period in March of that year.

Picasso 1932 Exhibition

‘La Reve’

Perhaps the most notorious and iconic of these paintings was ‘La Reve’ – the erotically centered, distorted depiction of Walter sleeping. The painting is part of world renowned hedge fund manager Steven A. Cohen’s private collection after he famously purchased it for $155 million from Casino tycoon, Steve Wynn in 2013.

The exhibition gave exposure to moments of Picasso’s incredibly close relationship with Walter. Alongside with fascinating insights from his personal life. The letter (pictured below) shows Picasso’s drawing of a heart and an arrow around the years marking the relationship of he and Marie-Therese Walter.

Picasso 1932 Exhibition

Picasso Ventures into Unexplored Territory

As the exhibition furthered, it became apparent that Picasso was beginning to explore areas that he previously hadn’t probed. The accompanying writing of the exhibition tells the story of Picasso purchasing an 18th century mansion in Normandy. Once there he experimented with sculpture, of which there are various weird and wonderful examples.

The Tate also provided a section dedicated to Picasso’s black and white pencil sketches and drawings. This isn’t an area one would normally associate Picasso’s works with, further reinforcing the diverse forms art forms he was trying in this period.

The Picasso 1932 exhibition brought attention to a period in which he became fascinated by sea creatures, fueled by filmmaker Jean Painlevé, who Picasso was an avid fan of. He began to center his artworks around Octopus’ and other aquatic beings, often humanizing them and involving them with subjects of his paintings.

 Picasso 1932 Exhibition

An Emotional End

The work featured at the end of the exhibition left the Tate-goers with an emotive and thought provoking send off. ‘The Rescue’ showed Picasso in a vulnerable state, as he presented the agony of the mother and child, painted in early 1933, when Spain became engulfed in civil war. A potential warning of the future to come?

Picasso 1932 Exhibition

The Rescue

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The Heat is Turned Up for the June 2018 Auction Calendar

The summer heat is now officially in upon us and the June 2018 auction calendar has a fiery line up of dates to highlight. Borro Blog has focused on three key auctions taking place in the month ahead from the prestigious Greenwich Concours D’Elegance to the highly anticipated Christie’s Rockefeller auctions. The focus of the latter has shifted from art to fine jewelry.

Bonhams Concours d’Elegance

June 3rd – Greenwich

June 2018 Auction Calendar

This is an unmissable auction for true classic car enthusiasts and collectors. The June 2018 auction calendar kicks off with the 23rd Concours d’Elegance in Greenwich, CT, which will take place from June 1st – 3rd and will precede the Bonhams auction.

It is considered to be one of the premier concours in the country and the largest in the Northeast. June 2nd focuses heavily on American classics and motorcycles, while June 3rd is the Concours International for imported brands, when the auction will take place.

The leading lot for this auction is a true British classic, the 1965 Aston Martin DB5 Convertible offered in racing green comes in with a high estimate of $2,500,000.

Bonhams Fine Watches, Wristwatches and Clocks

June 6th – New York

June 2018 Auction Calendar

Bonhams’ Fine Watches sale is set to see some exceptionally rare collectibles go under the hammer. This includes an array of Pateks, Tag Heuers, Rolexes and a selection of pristine clocks, some of which are centuries old and claim exceptionally strong provenance.

The standout timepiece from the auction will be, as is usually the case, the Patek Philippe. This particular watch has been described by Bonhams as a fine 18 carat gold chronograph wristwatch with a perpetual calendar and moon phase. The timepiece is estimated to fetch up to $75,000 when it goes under the hammer on June 6th.

Christie’s Magnificent Jewels & The Collection of Peggy & David Rockefeller

June 12th – New York

June 2018 Auction Calendar

This June sale offers a rare opportunity for collectors to acquire significant signed jewelry from the Collection of Peggy and David Rockefeller. It also features an exquisite collection of colored gemstones and important colorless and fancy colored diamonds.

At an auction with so many highly priced jewels, it is hard to pick a standout. However, surely the ‘Superb Diamond Ring’ weighing in at 20.47 carats is set to steal the headlines, priced with a high estimate of $3.5 million.

See the complete June 2018 auction calendar below:

AuctionAuction HouseCategoryDateLocationURL
LAS VEGAS MOTORCYCLE JUNE 2018MecumLuxury carsJune 1, 2018Las Vegashttps://goo.gl/Hy6Sb2
Greenwich Concours d'Elegance AuctionBonhamsLuxury CarsJune 3, 2018
Greenwich
Native American ArtBonhamsFine Art and AntiquesJune 4, 2018
Los Angeles
Russian ArtChristiesFine Art and AntiquesJune 4, 2018Londonhttps://goo.gl/jxRBbD
PhotographsHeritageFine Art and AntiquesJune 5, 2018New York
Russian PicturesSothebysFine Art and AntiquesJune 5, 2018Londonhttps://goo.gl/YDzzTj
Russian Works of Art, Fabergé & IconsSothebysFine Art and AntiquesJune 5, 2018Londonhttps://goo.gl/mHPbMQ
Jewels OnlineSothebysJewellery & WatchesJune 5, 2018Onlinehttps://goo.gl/3YqBZ8
Swiss Art/Swiss MadeSothebysFine Art and AntiquesJune 5, 2018Zurichhttps://goo.gl/HW4W1f
DesignChristiesFine Art and AntiquesJune 5, 2018New Yorkhttps://goo.gl/udKYK6
Whisky SaleBonhamsWhiskyJune 6, 2018New York
Fine Watches and WristwatchesBonhamsJewellery & WatchesJune 6, 2018
New York
Fine JewelsSothebysJewellery & WatchesJune 6, 2018Londonhttps://goo.gl/SFA2Rn
Art Contemporain Evening SaleSothebysFine Art and AntiquesJune 6, 2018Parishttps://goo.gl/erC1i3
Interiors: New York VisionsChristiesFine Art and AntiquesJune 6, 2018New Yorkhttps://goo.gl/xtchvH
Fine JewelsChristiesJewellery & WatchesJune 6, 2018Parishttps://goo.gl/ddJQkx
Christie's Jewels OnlineChristiesJewellery & WatchesJune 6, 2018Onlinehttps://goo.gl/jA3i
Art Contemporain Day SaleSothebysFine Art and AntiquesJune 7, 2018Parishttps://goo.gl/39vTvj
Post-War & Contemporary Art Paris, Evening SaleChristiesFine Art and AntiquesJune 7, 2018Parishttps://goo.gl/qsuYws
Finest & Rarest Wines and SpiritsChristiesFine WineJune 7, 2018Londonhttps://goo.gl/wwFjJA
Christie's Watches Online: Summer Watch Series - Part IChristiesJewellery & WatchesJune 7, 2018Onlinehttps://goo.gl/jA3i
European ArtHeritageFine Art and AntiquesJune 8, 2018Dallas
Newport Beach 2018Russo & SteeleLuxury carsJune 8, 2018Newport Beachhttps://goo.gl/rhMJ6K
DENVER 2018MecumLuxury carsJune 8, 2018Denverhttps://goo.gl/6PLVrw
CURATED: TURN IT UPSothebysFine Art and AntiquesJune 8, 2018Hong Konghttps://goo.gl/L2sbhz
Picasso Ceramics OnlineSothebysFine Art and AntiquesJune 8, 2018Onlinehttps://goo.gl/TuJiV1
Post-War & Contemporary Art Paris, Day SaleChristiesFine Art and AntiquesJune 8, 2018Parishttps://goo.gl/8Vg7U1
Fine & Decorative ArtsHeritageFine Art and AntiquesJune 9, 2018Dallas
Legends of the WestHeritageFine Art and AntiquesJune 9, 2018Dallas
The Burgundy CollectionSothebysFine WineJune 9, 2018Hong Konghttps://goo.gl/J4e5rf
Luxury Accessories HeritageLuxury HandbagsJune 10, 2018Chicago
Civil War, Militaria, Arms & ArmorHeritageMemorabilliaJune 10, 2018Dallas
JewelryHeritageJewellery & WatchesJune 11, 2018Chicago
Fine Books and ManuscriptsBonhamsBooksJune 12, 2018
New York
Arts d'AsieSothebysFine Art and AntiquesJune 12, 2018Parishttps://goo.gl/HeXiZn
Howard Hodgkin: Working on PaperSothebysFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/xMKUhG
Modern & Post-War British Art Day SaleSothebysFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/qToZQi
The Colourists: Pictures from the Harrison CollectionSothebysFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/aj9h1f
Modern & Post-War British Art Evening SaleSothebysFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/LdV5t2
Magnificent Jewels & The Collection of Peggy and David RockefellerChristiesJewellery & WatchesJune 12, 2018New Yorkhttps://goo.gl/5LzCJd
Arts of IndiaChristiesFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/ZkDphC
Handbags & AccessoriesChristiesHandbagsJune 12, 2018Londonhttps://goo.gl/YZUzE5
South Asian Modern + Contemporary ArtChristiesFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/5jEXKs
US CoinsHeritageCoinsJune 13, 2018Long Beach
Arts d'Afrique et d'OcéanieSothebysFine Art and AntiquesJune 13, 2018Parishttps://goo.gl/5aUpLG
Important JewelsChristiesJewellery & WatchesJune 13, 2018Londonhttps://goo.gl/H6MbSo
An Evening of Exceptional WatchesChristiesJewellery & WatchesJune 13, 2018New Yorkhttps://goo.gl/173msN
Kenneth NeameChristiesFine Art and AntiquesJune 13, 2018Londonhttps://goo.gl/qakfYe
Art d'AsieChristiesFine Art and AntiquesJune 13, 2018Parishttps://goo.gl/aokVUe
Fine JewelsSothebysJewellery & WatchesJune 14, 2018Genevahttps://goo.gl/sLJZTJ
Finest Wines and SpiritsChristiesFine WineJune 14, 2018New Yorkhttps://goo.gl/TgGeQ2
Fine Printed Books & Manuscripts, Including AmericanaChristiesBooksJune 14, 2018New Yorkhttps://goo.gl/pYjzMB
The Portland AudubonChristiesFine Art and AntiquesJune 14, 2018New Yorkhttps://goo.gl/pqGg1X
Contemporary Editions Online: A Private CollectionSothebysFine Art and AntiquesJune 15, 2018Onlinehttps://goo.gl/qkB4HE
Modern & Contemporary ArtHeritageFine Art and AntiquesJune 17, 2018Dallas
Fine Books and Manuscripts Including AmericanaSothebysBooksJune 18, 2018Onlinehttps://goo.gl/bmQX7n
Watches OnlineSothebysJewellery & WatchesJune 18, 2018Onlinehttps://goo.gl/7HA3Zb
Impressionist & Modern Art Evening SaleSothebysFine Art and AntiquesJune 19, 2018Londonhttps://goo.gl/ymcCwW
Modern British ArtChristiesFine Art and AntiquesJune 19, 2018Londonhttps://goo.gl/F4wavX
Sculpture et Objets d'Art EuropéensChristiesFine Art and AntiquesJune 19, 2018Parishttps://goo.gl/biQg5i
Northeast 2018Barrett JacksonLuxury CarsJune 20, 2018Connecicuthttps://goo.gl/6e67nK
Impressionist & Modern Art Day SaleSothebysFine Art and AntiquesJune 20, 2018Londonhttps://goo.gl/Rx3gvY
Finest and Rarest WinesSothebysFine WineJune 20, 2018Londonhttps://goo.gl/jA3i
Modern British Art Day saleChristiesFine Art and AntiquesJune 20, 2018Londonhttps://goo.gl/V8pHze
Impressionist & Modern Art Evening SaleChristiesFine Art and AntiquesJune 20, 2018Londonhttps://goo.gl/3xFN4i
Un autre XXème siècle: les arts de la figuration 1900-1950ChristiesFine Art and AntiquesJune 20, 2018Parishttps://goo.gl/XaHVmV
Tableaux 1400 - 1900ChristiesFine Art and AntiquesJune 20, 2018Parishttps://goo.gl/6BcYFB
Online: Handpicked 50 Works selected by the Saatchi GalleryChristiesFine Art and AntiquesJune 20, 2018Onlinehttps://goo.gl/jA3i
Tableaux, Sculptures et Dessins Anciens et du XIXe siècleSothebysFine Art and AntiquesJune 21, 2018Parishttps://goo.gl/4JeHzX
Impressionist and Modern Art Day SaleChristiesFine Art and AntiquesJune 21, 2018Londonhttps://goo.gl/xW162L
Impressionist & Modern Works on PaperChristiesFine Art and AntiquesJune 21, 2018Londonhttps://goo.gl/NLYXU6
Ethnographic ArtHeritageFine Art and AntiquesJune 22, 2018Dallas
WineHeritageFine WineJune 22, 2018Dallas
PORTLAND 2018MecumLuxury carsJune 22, 2018Portlandhttps://goo.gl/CCDpdh
EntertainmentHeritageMemorabilliaJune 23, 2018Beverley Hills
RM Sotheby's: The Dingman Collection 2018RM SothebysLuxury CarsJune 23, 2018Hamptonhttps://goo.gl/8ynbND
Contemporary Art Evening AuctionSothebysFine Art and AntiquesJune 26, 2018Londonhttps://goo.gl/dDA3RT
World CurrencyHeritageCoinsJune 27, 2018Hong Kong
Contemporary Art Day AuctionSothebysFine Art and AntiquesJune 27, 2018Londonhttps://goo.gl/URGUfW
Design in SituSothebysFine Art and AntiquesJune 27, 2018Parishttps://goo.gl/5EQaXi
Futur antérieur : la Collection d'Art africain de Liliane et Michel Durand-DessertChristiesFine Art and AntiquesJune 27, 2018Parishttps://goo.gl/8CKWzd
World CoinsHeritageCoinsJune 28, 2018Hong Kong
Post-War to PresentChristiesFine Art and AntiquesJune 28, 2018Londonhttps://goo.gl/UvjM6t
Handpicked: 50 Works Selected by the Saatchi GalleryChristiesFine Art and AntiquesJune 28, 2018Londonhttps://goo.gl/Qv9n4w
Christie's Watches Online: Summer Watch Series Part IIChristiesJewellery & WatchesJune 28, 2018Onlinehttps://goo.gl/jA3i
Asian ArtHeritageFine Art and AntiquesJune 29, 2018Beverly Hills

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Frieze New York 2018 Wows Audiences Again

Frieze New York 2018

Shot of art-goers at Frieze 2018. Source: 2018

Frieze New York 2018 took over Randall’s Island once again in one of the biggest contemporary art fairs of the spring. Featuring over 1,000 artists from galleries around the world, Frieze brought together some of the best and brightest in the art world today.

Now in its 6th year, Frieze New York has made its mark in the contemporary art fair market and has helped revitalize this sometimes-complicated scene. In the process, it has helped to both bolster established artists, and bring emerging artists out to a wider audience.

It has quickly become a favorite for New York art goers, collectors, and others inside and outside of the art world alike.

Solo Exhibitions Take Center Stage

Frieze New York 2018

Installation view of Pace Gallery booth Frieze 2018. Source: Frieze

Fresh off an exhibit of his work at the MET artist David Hockney had a mini solo exhibition at the Pace Gallery booth. The British artist who has come to be known for his landscape paintings of the British countryside has brought some new paintings for this show.

This work was newer and utilized the Brushes app for iPads and iPhones and had a distinct Hockney twist. There were also other computer-generated images that were digitally manipulated of Hockney working in his studio that played into the larger computer-meets-contemporary-art theme.

Mini solo exhibitions were a trend in this year’s edition of Frieze and Pace was not the only gallery to showcase the work of only one artist. Some of the most famous artists working today also had solo works up including Tracey Emin, Theaster Gates, Arthur Jafa, Zoe Leonard, Jordan Wolfson and others.

Fresh Takes on Political and Cultural Themes

Frieze New York 2018

Marilyn Minter’s Trump Plaque Detail Frieze 2018. Source: Frieze

This year’s fair was not devoid of political commentary and many artists had works that engaged in this. One piece that generated attention was iconic feminist artist Marilyn Minter’s Trump Plaque.

Minter who had a retrospective at the Brooklyn Museum in 2017, offered an ironic take/satire on what the traditional plaque functions as. In Minter’s take, the president’s smiling face is depicted with a transcription of his now crudely famous Access Hollywood tape. The combination of the two is both unsettling, comical, and all too real.

Works by contemporary art darling Robert Mapplethorpe also made an appearance within the Galerie Thaddaeus Ropac, C20 booth. Mapplethorpe’s lush images continue to remain fresh given his complex subject matter which investigates identity, gender, sexuality and other cultural topics.

Standout Artists from Dumpsters to Documentaries

Scottish artist Kevin Harman’s dumpster installation was another interesting piece to see among the Frieze crowd. Harman, who worked off-site in Mount Vernon and transported his dumpster there underwent an intense process for the creation of that piece.

For this piece Harman worked without assistants. According to the Art Newspaper; he emptied the contents of the dumpster, washed and scrubbed it clean, proceeded to get rid of all the organic materials, then went to work on create a sense of order within this larger mess. The result was a clean, orderly, sculpture/installation that utilized materials formed into a neat cube that was organized by materials including cardboard, wood, rocks, and bricks.

Frieze New York 2018

Installation view of Sikkema Jenkins & Co. Frieze 2018. Source: Frieze

Other standout artists featured during Frieze New York 2018 included Kara Walker, Erin Shirreff, Leonardo Drew, Jeffery Gibson, Arturo Herrera and Vik Muniz at Sikkema Jenkins & Co. Kara Walker’s work wowed again with its sheer size and subject matter. Within “Rift of Medusa,” from 2017, Walker overwhelms the paper with a combination of collage and ink strokes and paint.

The two morphed into one another create waves and a shipwreck scene with a figure with long hair within the center. The figure appears to be holding a snack or a hose like object above its lips and the work is done in shades of black.

It is through a larger sense of powerful imagery with social commentary that has helped to keep Walker’s constantly on people’s radar while drawing on history that makes it so vital to see, especially now.

Artist Wu Tsang who participated in the 2012 Whitney Biennial also debuted her last film titled “Into a Space of Love.”

The documentary looks at the roots of the house music scene which are based in NYC. Tsang’s dream-like cinematography began to gain momentum after the release of her 2012 documentary “WILDNESS” which explored the lives of those involved at the Silver Platter, a bar in LA that has for decades acted as a haven for those in the LGBTQ community.

Frieze New York 2018

Kapwani Kiwanga’s Shaded Installation Detail Frieze 2018. Source: Frieze

Kapwani Kiwanga, a Canadian artist who is based in Paris, who won the Frieze Artist award, created a site-specific installation that incorporated African cloth used in farming, tilted “Shady.” The piece used several pieces of fabric to create partition like structures that were see-through.

This piece also had more political relevance given the ongoing debate in the US surrounding the Mexican Border wall. Works such as this by Kiwanga and others are helping to raise important issues surrounding identity and race within this current political climate.

The subject matter wasn’t lost on fairgoers and other artists were also taking on larger sociopolitical topics as well related to the current administration and beyond.

Artist Lara Schnitger with the help of volunteers, staged a performance titled “Suffragette City.” The piece consisted of 30 volunteers who helped to create four one hour versions of the performance which was put on by Anton Kern Gallery.

Wearing work coveralls, volunteers marched around the fair carrying Schnitger sculptures while simultaneously chanting things such as “We are walkers, not the dogs.” The performance served as a bigger commentary for women’s rights but also is calling attention to the bigger issues surrounding inequality in the world today as well.

Looking Beyond Art

The fair also featured a series of talks given by people both inside and outside of the art world. Some included Jerry Saltz, head critic for New York Magazine, fresh off his Pulitzer Prize win, as well as academic Fred Moten who was in conversation with the artist Sondra Perry.

Moten, a professor within the performance studies department at NYU, has also generated a good amount of press recently with the release of his new book Black and Blur.

This year’s fair produced both an impressive amount of work and turnout. It is a combination of keeping it fresh, taking risks, but also having a pulse to the ground and having works that both play to this contemporary moment but also can remain timeless that is key. Frieze New York 2018 did just that and the art world and beyond is excited to see what next year’s will bring.

 

About the Author

Anni Irish has been a contributing writer to several online publications including Boston based publication, The Dig, New York Arts Magazine, and ArteFuse among others. She holds a BFA from the School of the Museum of Fine Arts/Tufts University, an MA in Gender and Cultural Studies from Simmons College, and an MA in Performance Studies from New York University.

 

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TEFAF New York Spring 2018 Draws Impressive Crowds and Artworks

TEFAF New York Spring 2018

Source: TEFAF

Last week the European art fair, TEFAF, launched its spring edition at the Park Avenue Armory. Now in its second year, the TEFAF New York Spring 2018 show drew impressive crowds and galleries from across the globe. This year’s fair featured a mix of contemporary and modern art, mixed in with antiques, furniture, and jewelry.

As you entered the fair you were greeted by gorgeous floral arrangements suspended from the ceiling. But on second glance there was also a distinctive piece of art hanging as well– a sculpture by the artist Alexander Calder.

During TEFAF New York Spring 2018, Calder seemed to definitely be having a moment. Pieces of his could be found throughout the fair in different booths, and having a sculpture hanging over the entrance of the main space only served as a reminder of the timelessness of his art.

TEFAF New York Spring 2018

Cy Twombly, Thyrsis, 1976; Source: Galerie Karsten Greve AG

Despite Calder’s undeniable popularity, there were other works featured at the fair that also seemed to capture this moment in the art world. American painter Cy Twombly’s work was very apparent in this year’s fair as well. There were several noticeable pieces of Twombly’s work sprinkled throughout the different booths which were another delight to see in the context of this fair.

TEFAF New York Spring 2018 featured 90 galleries and vendors from across the globe and the works ran the gamut. It was held from May 4th to the 8th, and it’s hard to believe with the huge crowds that this year’s fair drew that it’s still only in its second year in NYC.

There were some new additions to this year’s fair including Gagosian, Gladstone Gallery, Hauser & Wirth, Marian Goodman Gallery, Lévy Gorvy, and White Cube among others.

Other notable works included Robert Gober at Matthew Marks Gallery. Gober who is primarily a sculptor, works with a variety of materials from plaster to wood and plays with everyday objects that are altered in funny and unpredictable ways.

The Gober works in the Matthew Marks booth featured a series of plaster cast hearts that were encased in glass and made to look like small light boxes that hung from the walls. There is also a Gober show that is currently on display at Matthew Marks through May 13.

In an unprecedented move, Matthew Marks also showcased the “White Yellow” by Ellsworth Kelly which was the first time the painting had been on view to the public in close to 60 years. The painting made its original debut in 1958 through Kelly’s then gallery Galerie Maegh in both New York and Paris.

TEFAF New York Spring 2018

John Armleder, Bon Vivant, 2017. Source: Massimo de Carlo

Massimo de Carlo, an international gallery based in Milan, London and Hong Kong also brought some whimsy to the fair this year with works by John Armleder. MDC featured works by the Swiss painter and performance artist that were a series of paintings.

On large canvases that measured roughly 3′, x 4′, Armleder used various colors of paint that he splattered onto the canvas resulting in controlled, long streaks that coat the surface at different lengths and create different forms.

The artist then applied a thin layer of glitter to the paint giving it a level of sheen. These paintings which play on chance, have been created in various contexts and draw on the artist’s interest in both performance and composition and his interest in a what Armleder calls a “supermarket of forms.

TEFAF New York Spring 2018

Zoe Leonard, Albert’s Beauty (From the Series Analogue). Dye Transfer Prin t50 x 40 cm (19.7 x 15.7 in.) Source: Galerie 1900-2000.

The German-based art gallery Galerie 1900-2000 featured the work of a number of great artists including photographer Zoe Leonard and Marcel Duchamp among others. The work from Leonard was also a bright spot within the fair. Galerie 1900 displayed works from Leonard’s “Analogue series” which she photographed between 1998-2009.

Within this series of photographs, Leonard took a total of 412 images which was a huge achievement for the artist. The images depict scenes of urban and domestic spaces are from all over the globe from Africa to Asia. They featured 40 photographs in total from Leonard.

The original work was also featured in an installation at the Museum of Modern Art in 2015, and Leonard is also fresh off her retrospective at the Whitney Museum.

TEFAF New York Spring 2018

A geometric tired ring with three pyramidal hematites, Suzanne Beleperron. Silver and hematite Diameter 1.7 cm (0.8 in.) Circa 1930s. Source: FD Gallery

Despite an emphasis on fine and contemporary art, there were also several exhibitors who had jewelry, furniture and other luxury items. New York based FD Gallery brought a beautiful selection of vintage jewelry.

Their art deco rings were a sight to behold with gems that ranged in shapes, sizes, colors, and cuts. One unique piece featured was the tired geometric art deco ring by designer Suzanne Belperron from the 1930s. The ring features three pyramid shapes made from hematite that sits on a tired silver base.

This year’s spring fair also featured a series of lectures from contemporary art experts, art historians, as well as top conservators, and academics. Some notable speakers included Beth Wees, curator of American Decorative Arts at the MET, Christopher Apostle of Sotheby’s, and Michael Gallagher Conservator in Charge, Department of Painting at the MET, among others.

Although TEFAF New York Spring 2018 is still young, it is making its mark on the contemporary art world and art fair circuit. With this spring’s impressive showing people are excited to see what the fall and future fairs will bring.

 

About the Author

Anni Irish has been a contributing writer to several online publications including Boston based publication, The Dig, New York Arts Magazine, and ArteFuse among others. She holds a BFA from the School of the Museum of Fine Arts/Tufts University, an MA in Gender and Cultural Studies from Simmons College, and an MA in Performance Studies from New York University.

 

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Sotheby’s Dominates the May 2018 Auction Calendar

As the title suggests, Sotheby’s are featured in all three of Borro Blog’s May 2018 auction calendar highlights.

All the major asset classes are covered, with RM Sotheby’s heading to Monaco for their annual sale of blockbuster cars. This is followed by an Important Watches sale and an Impressionist & Modern Art Day sale.

RM Sotheby’s – Monaco 2018

May 12th

May 2018 Auction Calendar - 1957 Ferrari 250 GT Berlinetta Competizione ‘Tour de France’

Monaco, the home of formula one racing, style and high-living will once again see large scale auction houses and classic car punters flood the city for ludicrously priced automobiles, coinciding with the iconic Monaco Grand Prix.

The top lot from RM Sotheby’s last Monaco auction in 2016 was the 1951 Ferrari 340, which sold for a hot €7,280,000 (£6,366,000). RM Sotheby’s will want to emulate 2016’s success with the 1957 Ferrari 250 GT Berlinetta Competizione ‘Tour de France’ as the featured lot, hoping to fetch up to €9 million ($10,987,000).

Sotheby’s – Important Watches

May 13th

May 2018 Auction Calendar - Rolex Chronograph

Sotheby’s are tipping this auction to be a focus on ‘the very best of what vintage and modern horology has to offer’. The Important Watches auctions always live up to expectations, and this auction certainly won’t fall short.

Number 276 is the standout lot to watch; the exceptionally rare, stainless steel Rolex Chronograph. It comes complete with registers, bracelets and tropical subsidiary dials and is set to go for up to £400,000 ($558,000) when it goes under the hammer.

Sotheby’s – Impressionist & Modern Art Day Sale

 May 15th

May 2018 Auction Calendar - Téte De Femme

Sotheby’s are returning to New York for their highly popular Impressionist & Modern Art Day Sale. A host of highly renowned and influential artists such as Max Ernst, Marc Chagall and Francis Picabia are on offer.

However, it is Pablo Picasso who is stealing the limelight once again. Painted on December 5th 1964, the oil based ‘Téte De Femme’ was inspired by Picasso’s sixth and final significant muse, Jacqueline Roque. The work is set to sell for up to $3 million on May 15th.

 

See the full list of dates for the May 2018 auction calendar below:

 

AuctionAuction HouseCategoryJanuary 2, 1900LocationURL
TimepiecesHeritageJewellery & WatchesMay 1, 2018New York
Prints and MultiplesBonhamsFine Art and AntiquesMay 1, 2018Sydney
From Earth to FireSotheby'sFine Art and AntiquesMay 1, 2018Londonhttps://goo.gl/bT6Lut
The Collection of Peggy and David Rockefeller: Online SaleChristie'sFine Art and AntiquesMay 1, 2018Onlinehttps://goo.gl/jm6gxx
The Greek SaleBonhamsFine Art and AntiquesMay 2, 2018Los Angeles
Made in CaliforniaBonhamsFine Art and AntiquesMay 2, 2018New York
19th Century European PaintingsBonhamsFine Art and AntiquesMay 2, 2018Sydney
Fine Glass and British CeramicsBonhamsFine Art and AntiquesMay 2, 2018New York
The Greek SaleBonhamsFine Art and AntiquesMay 2, 2018Monte Carlo
Made in CaliforniaBonhamsFine Art and AntiquesMay 2, 2018Los Angeles
19th Century European PaintingsBonhamsFine Art and AntiquesMay 2, 2018New York
Old Master PaintingsSotheby'sFine Art and AntiquesMay 2, 2018Londonhttps://goo.gl/646Vg1
Audrey Hepburn:The Personal Collection Part IIIChristie'sMemorabilliaMay 2, 2018Onlinehttps://goo.gl/xtJtGR
Einstein and Family: Letters and PortraitsChristie'sMemorabilliaMay 2, 2018Onlinehttps://goo.gl/qaVXHZ
CollectionsSotheby'sFine Art and AntiquesMay 3, 2018Londonhttps://goo.gl/K6FXGq
DesignSotheby'sDesignMay 3, 2018Parishttps://goo.gl/ZfpwaJ
Bande Dessinée & IllustrationChristie'sFine Art and AntiquesMay 3, 2018Paris Parishttps://goo.gl/1NxrSw
American ArtHeritageFine Art and AntiquesMay 4, 2018Dallas
Nature & ScienceHeritageScienceMay 5, 2018Dallas
The Collection of Peggy and David Rockefeller: 19th and 20th Century Art, Evening SaleChristie'sFine Art and AntiquesMay 8, 2018New Yorkhttps://goo.gl/EJEUP3
Asian ArtBonhamsFine Art and AntiquesMay 9, 2018New York
The Collection of Peggy and David Rockefeller: English & European Furniture, Ceramics and Decorations, Part IChristie'sFine Art and AntiquesMay 9, 2018New Yorkhttps://goo.gl/SoveVS
The Collection of Peggy and David Rockefeller: Art of the Americas, Evening SaleChristie'sFine Art and AntiquesMay 9, 2018New Yorkhttps://goo.gl/htXBwB
ComicsHeritageMemorabilliaMay 10, 2018Chicago
SportsHeritageMemorabilliaMay 10, 2018Dallas
RM Sotheby's: Auburn SpringRM Sotheby'sLuxury carsMay 10, 2018Auburnhttps://goo.gl/j5m5NJ
The Collection of Peggy and David Rockefeller: Fine Art, Day SaleChristie'sFine Art and AntiquesMay 10, 2018New Yorkhttps://goo.gl/gVEZds
The Collection of Peggy and David Rockefeller: English & European Furniture, Ceramics and Decorations, Part IIChristie'sFine Art and AntiquesMay 10, 2018New Yorkhttps://goo.gl/EEsNfu
The Collection of Peggy and David Rockefeller: Travel and AmericanaChristie'sFine Art and AntiquesMay 10, 2018New Yorkhttps://goo.gl/gmQkZH
Picasso Ceramics OnlineChristie'sFine Art and AntiquesMay 10, 2018Online
Modern Edition OnlineChristie'sFine Art and AntiquesMay 10, 2018Online
Space ExplorationHeritageMemorabilliaMay 11, 2018Dallas
The Monaco Sale 'Les Grandes Marques à Monaco'BonhamsLuxury CarsMay 11, 2018Monte Carlo
Texas ArtHeritageFine Art and AntiquesMay 12, 2018Dallas
Musical InstrumentsHeritageFine Art and AntiquesMay 12, 2018Dallas
RM Sotheby's: MonacoRM Sotheby'sLuxury carsMay 12, 2018Monte Carlohttps://goo.gl/THDHov
The Geneva Watch Auction: SevenPhillipsJewellery & WatchesMay 12, 2018Genevahttps://goo.gl/Q6upZs
Important WatchesSotheby'sJewellery & WatchesMay 13, 2018Genevahttps://goo.gl/UB9q1w
Asian ArtBonhamsFine Art and AntiquesMay 14, 2018New York
The Shape of Beauty: Sculpture from the Collection of Howard and Saretta BarnetSotheby'sFine Art and AntiquesMay 14, 2018New Yorkhttps://goo.gl/DDrHtC
Art of Africa, Oceania, and the AmericasSotheby'sFine Art and AntiquesMay 14, 2018New York
Impressionist & Modern Art Evening SaleSotheby'sFine Art and AntiquesMay 14, 2018New Yorkhttps://goo.gl/ZYbDCL
Rare WatchesChristie'sJewellery & WatchesMay 14, 2018Geneva Genevahttps://goo.gl/buxEsu
The World of Gold, Opals and Other "Phenomenal" GemsBonhamsJewellery & WatchesMay 15, 2018Los Angeles
Magnificent Jewels and Noble JewelsSotheby'sJewellery & WatchesMay 15, 2018Genevahttps://goo.gl/n3ev63
Travel, Atlases, Maps and Natural History Including the Library of Colin and Joan DeaconSotheby'sMemorabilliaMay 15, 2018Londonhttps://goo.gl/D8QHs1
Impressionist & Modern Art Day SaleSotheby'sFine Art and AntiquesMay 15, 2018New Yorkhttps://goo.gl/Ct3vTw
Impressionist and Modern Art Evening SaleChristie'sFine Art and AntiquesMay 15, 2018New Yorkhttps://goo.gl/SfCez9
Rarity and Refinement: Treasures from a Distinguished East Asian CollectionChristie'sFine Art and AntiquesMay 15, 2018Londonhttps://goo.gl/Y9LXuJ
Chinese Ceramics & Works of ArtChristie'sFine Art and AntiquesMay 15, 2018Londonhttps://goo.gl/vbdyDE
LaliqueChristie'sFine Art and AntiquesMay 15, 2018Londonhttps://goo.gl/ZAgh8C
Fine and Rare WinesChristie'sFine WineMay 15, 2018Geneva Genevahttps://goo.gl/MU5Sdr
American Art OnlineChristie'sFine Art and AntiquesMay 15, 2018Online
Lalique & Art GlassHeritageFine Art and AntiquesMay 16, 2018Dallas
Raising The Bar: Masterworks from the Collection of Morton and Barbara MandelSotheby'sFine Art and AntiquesMay 16, 2018New Yorkhttps://goo.gl/DSkZgr
Contemporary Art Evening AuctionSotheby'sFine Art and AntiquesMay 16, 2018New Yorkhttps://goo.gl/ya66vC
20th Century & Contemporary Art Day Sale Morning SessionPhillipsFine Art and AntiquesMay 16, 2018New Yorkhttps://goo.gl/8BvVmM
Impressionist and Modern Art Works on PaperChristie'sFine Art and AntiquesMay 16, 2018New Yorkhttps://goo.gl/SfCez9
Impressionist and Modern Art Day SaleChristie'sFine Art and AntiquesMay 16, 2018New Yorkhttps://goo.gl/SfCez9
Magnificent JewelsChristie'sJewellery & WatchesMay 16, 2018Geneva Genevahttps://goo.gl/gzSrH8
Contemporary Art Day SaleSotheby'sFine Art and AntiquesMay 17, 2018New York
PhotographsSotheby'sFine Art and AntiquesMay 17, 2018Londonhttps://goo.gl/JQPoZA
Post-War and Contemporary Art Evening SaleChristie'sFine Art and AntiquesMay 17, 2018New Yorkhttps://goo.gl/SfCez9
African & Oceanic ArtChristie'sFine Art and AntiquesMay 17, 2018New Yorkhttps://goo.gl/5jNfMS
St George Street Sale: Chinese ArtSotheby'sFine Art and AntiquesMay 18, 2018Londonhttps://goo.gl/ojWcCp
Photographs OnlineSotheby'sFine Art and AntiquesMay 18, 2018Onlinehttps://goo.gl/fY5ycC
Post-War and Contemporary Art Morning SessionChristie'sFine Art and AntiquesMay 18, 2018Londonhttps://goo.gl/s3x1wG
Post-War and Contemporary Art Afternoon SessionChristie'sFine Art and AntiquesMay 18, 2018New Yorkhttps://goo.gl/SfCez9
Americana & PoliticalHeritageMemorabilliaMay 19, 2018Dallas
Finest & Rarest WinesSotheby'sFine WineMay 19, 2018New York
Historic Coins and Medals | Featuring Magnificent Morgan Silver Dollars from the Collection of Ralph and Lois StoneSotheby'sCoinsMay 21, 2018New Yorkhttps://goo.gl/Y8RMR3
Exquisite Eye: Chinese Paintings OnlineChristie'sFine Art and AntiquesMay 21, 2018New Yorkhttps://goo.gl/SfCez9
Fine Autograph Music: the Property of Helmut Nanz and FamilySotheby'sMemorabilliaMay 22, 2018Londonhttps://goo.gl/JKZ4bp
Musical ManuscriptsSotheby'sMemorabilliaMay 22, 2018Londonhttps://goo.gl/qXaS1M
Master PaintingsSotheby'sFine Art and AntiquesMay 22, 2018New York
European ArtSotheby'sFine Art and AntiquesMay 22, 2018New York
American ArtChristie'sFine Art and AntiquesMay 22, 2018Online
DesignChristie'sFine Art and AntiquesMay 22, 2018New Yorkhttps://goo.gl/k2zVey
Contemporary Art Asia: New York EditionChristie'sFine Art and AntiquesMay 22, 2018Paris Parishttps://goo.gl/H9jDfN
Contemporary Art Asia: Hong Kong EditionChristie'sFine Art and AntiquesMay 22, 2018Online
Stephen Shore: Vintage PhotographsChristie'sFine Art and AntiquesMay 22, 2018Online
American ArtBonhamsFine Art and AntiquesMay 23, 2018New York
American ArtSotheby'sFine Art and AntiquesMay 23, 2018New York
Thomas Molesworth: Designing the American West | The Ruth and Jake Bloom CollectionSotheby'sFine Art and AntiquesMay 23, 2018New Yorkhttps://goo.gl/o3UeRo
Latin American ArtChristie'sFine Art and AntiquesMay 23, 2018Online
The Collector: European Furniture, Works of Art & CeramicsChristie'sFine Art and AntiquesMay 23, 2018New Yorkhttps://goo.gl/ZnRwNy
The Collector: English Furniture, Clocks & Works of ArtChristie'sFine Art and AntiquesMay 23, 2018Londonhttps://goo.gl/DZd1kk
Modern & ContemporaryHeritageFine Art and AntiquesMay 24, 2018Beverly Hills
Fine and Rare WinesBonhamsFine WineMay 24, 2018Hong Kong, Admiralty
19th Century European PaintingsSotheby'sFine Art and AntiquesMay 24, 2018Londonhttps://goo.gl/bZzWyW
Livres et ManuscritsSotheby'sMemorabilliaMay 24, 2018Parishttps://goo.gl/4k7iin
Important DesignSotheby'sFine Art and AntiquesMay 24, 2018New York
Important WatchesSotheby'sJewellery & WatchesMay 24, 2018New Yorkhttps://goo.gl/TiWN3X
The Collector: Silver &19th Century Furniture, Sculpture & Works of ArtChristie'sFine Art and AntiquesMay 24, 2018Londonhttps://goo.gl/fkwy9b
Christie's Watches OnlineChristie'sJewellery & WatchesMay 24, 2018Londonhttps://goo.gl/6nRQJg
Fine & Rare Wines: Direct from the Cellars of the Historic Comte Georges de VogüéChristie'sFine WineMay 25, 2018Online
Asian 20th Century & Contemporary Art (Evening Sale)Christie'sFine Art and AntiquesMay 26, 2018Hong Konghttps://goo.gl/xFQDEe
Fine & Rare Wines Featuring Wines Direct from Masseto and a Guinaudeau Family Collection of Château Lafleur and Estate WinesChristie'sFine WineMay 26, 2018Hong Konghttps://goo.gl/Y2xodJ
Asian 20th Century Art (Day Sale)Christie'sFine Art and AntiquesMay 27, 2018Hong Konghttps://goo.gl/f38736
Asian Contemporary Art (Day Sale)Christie'sFine Art and AntiquesMay 27, 2018Hong Konghttps://goo.gl/GqSJX7
Chinese Contemporary InkChristie'sFine Art and AntiquesMay 28, 2018Hong Konghttps://goo.gl/uTHUj1
Chinese Contemporary InkChristie'sFine Art and AntiquesMay 28, 2018Hong Konghttps://goo.gl/FafxtK
Fine Chinese Classical Paintings and CalligraphyChristie'sFine Art and AntiquesMay 28, 2018Hong Konghttps://goo.gl/cVJK59
Important Watches and Private CollectionsChristie'sFine Art and AntiquesMay 28, 2018Hong Konghttps://goo.gl/q1xtCz
Fine Chinese Modern PaintingsChristie'sFine Art and AntiquesMay 29, 2018Hong Konghttps://goo.gl/W3mZRb
Hong Kong Magnificent JewelsChristie'sJewellery & WatchesMay 29, 2018Hong Konghttps://goo.gl/iZpJwt
Livres rares et ManuscritsChristie'sFine Art and AntiquesMay 29, 2018Hong Konghttps://goo.gl/rY4Cve
Handbags OnlineChristie'sHandbagsMay 29, 2018Paris Parishttps://goo.gl/XrN2PU
Important Chinese Ceramics and Works of ArtChristie'sFine Art and AntiquesMay 30, 2018Online
Handbags & AccessoriesChristie'sHandbagsMay 30, 2018Hong Konghttps://goo.gl/ZhWaod
Contemplating The DivineChristie'sFine Art and AntiquesMay 30, 2018Hong Konghttps://goo.gl/frSwer
Leisurely Delights of a Transient LifeChristie'sFine Art and AntiquesMay 30, 2018Hong Konghttps://goo.gl/XpkmUA
Celestial Immortals - The Taber Family Tianqiuping from Philbrook Museum of ArtChristie'sFine Art and AntiquesMay 30, 2018Hong Konghttps://goo.gl/oxFdFo
The Three Rarities - Imperial Qianlong Ceramics From An Important Private CollectionChristie'sFine Art and AntiquesMay 30, 2018Hong Konghttps://goo.gl/3fhwnD
The Nitta MaitreyaChristie'sFine Art and AntiquesMay 30, 2018Hong Konghttps://goo.gl/M4tsz4
Scholarly Art from the Collection of Mr and Mrs Gerard HawthornSotheby'sFine Art and AntiquesMay 31, 2018Hong Kong
Chinese ArtSotheby'sFine Art and AntiquesMay 31, 2018Hong Kong
January 1, 1970
January 1, 1970

 

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How Estate Auctions Are Helping People Ease Financial Burdens

In today’s economic climate, you sometimes have to be creative with the way you secure needed funds. When a loved one dies, or if you are going through a divorce, you may be faced with some pretty difficult financial realities. If you find yourself in these situations, or in others, don’t panic– an estate auction or sale might be an option to help shoulder some of the financial burden.

The Celebrity Factor

Estate Auction - Russell Crowe

Source: Sotheby’s

The good news is, even celebrities are doing it. On April 7th 2018, actor Russell Crowe had several interesting items go up for sale to help pay for his divorce. The auction which took place at Sotheby’s, was even called “The Art of Divorce.”

Some items that were on the auction block included the breastplate Crow wore in the box office hit “Gladiator” which went for $125,000, as well as the matching leather wrist cuffs that fetched $32,000. Other pieces of movie memorabilia and an instrument collection were also up for sale. Crowe made a cool $3.7 million with the auction which will go towards assisting him with his divorce proceedings.

Estate Auction - Gold Piano

Zsa Zsa Gabor’s long-term partner Hans Robert Lichtenberg aka Prince Frederic von Anhalt, held an exclusive estate auction at their Bel Air mansion on April 14th, 2018 in an effort to downsize. Items from the sale raised over $900,000 according to Fortune.

Some items that were on the auction included a wardrobe of Chanel, Valentino, and other famous designers; as well as Gabor’s gold-painted Steinway piano which went for $24,000.

The item that fetched the highest price was a portrait of the actress which was done by the artist Margaret Keane which sold for $45,000. The auction was managed by Heritage Auctions.

The Advantages of Estate Auctions and Sales

Despite these flashier examples of recent celebrity auctions, the broader point is people across income brackets have estate sales and auctions. It is a way to create a source of income that can help you out of a difficult time in your life. While it can be lucrative, it can also be a bit challenging for the average person to organize.

Although, it can be overwhelming when you start to consider the logistics of organizing an estate sale or auction, it is something that will literally pay off in the end. On the bright side, there are companies that can be hired that are skilled in handling the sometimes-tricky issues that may come up when preparing for such an event.

Estate sales and auctions are an especially helpful solution if there are multiple people disputing an estate. By involving a third party, this can not only help reduce the stress of the situation but can also free you up to handle other details.

It can be daunting to go through a loved one’s lifetime’s worth of items; and dividing up their belongings just becomes another task to deal with. These four tips will give you a better sense of how to approach the situation and what to expect.

Make sure you are the survivor(s) of the estate

When you begin to make plans to have an estate auction or sale, make sure that you and or members of your family are the appointed survivors of the estate. Legally, only the person or people the estate has been left to can sell the items.

Know the difference between an estate sale and auction

Estate sales function almost as if they are a tag sale, where each item is priced accordingly prior to the sale. At an estate auction there is an auctioneer who sells the item to the highest bidder. Sometimes when there are multiple people involved in dividing up an estate, things can get complicated.

Things can be become harrier if people aren’t on the same page about how items should be divided or if family members have been estranged.

What to do if you need funds sooner

Sometimes when you are dealing with these kinds of difficult life circumstances, you may need to generate funds faster than you may be able to hold an estate auction. One solution to that problem could be to consign specific items from the estate to an auction.

Rather than waiting for the item to sell at auction, you can work with a company like Borro, to get funds in advance of it being sold. This is what’s referred to as a Sale Advance Loan.

Do your homework

If you decide to go the route of hiring a company to assist you with your auction or sale, do your homework.  Make sure you are working with a reputable company who is insured, licensed, and bonded. This is important to protect you against any potential damages that could occur. Getting referrals from people who have used a company previously can also be a way to go.

Estate Auction - Silver Bowl

Daniel Christian Fueter (1720–1785), Silver Sugar Bowl. Gift of The Estate of Esther and Samuel Schwartz, Paterson, N.J., 2007 Source: The Met

Don’t throw items away before are looked at or appraised

If you are unsure of an item’s value, leave it to the professionals to figure it out. You never know what might interest a potential buyer, so when going through your loved one’s belongings, its best to save everything for the sale or auction.

Something that you may think is junk, could be a collector’s item and there is no way to know unless it is properly looked at.

Have realistic goals

While an estate auction or sale can generate a lot of money, be realistic about it. You never know how much money you will make over the course of your sale or auction, so by having no expectations about a final sales total, it will leave you happier in the end.

Arming yourself with this information can help the process of organizing your estate auction or sale easier. Although it seems like a lot to take on for a short one to three-day event, it will likely turn a profit and help ease some of the financial strain you may experience.

 

About the author: 

Anni Irish has been a contributing writer to several online publications including Boston based publication, The Dig, New York Arts Magazine, and ArteFuse among others. She holds a BFA from the School of the Museum of Fine Arts/Tufts University, an MA in Gender and Cultural Studies from Simmons College, and an MA in Performance Studies from New York University.

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