The first semester for the art market is about to come to an end and before its conclusion Christie’s auction house is going to try itself out with an auction completely dedicated to author prints. Indeed, on 31st July Christie’s New York is going to propose a very interesting sale that will attract many neo-collectors, thanks to the very low estimates that vary from 300 to 18 thousand dollars. “Prints & Multiples” will auction 357 lots, including 29 works by Pablo Picasso, 23 by Joan Mirò and 5 by Marc Chagall. If we look through the catalogue we will see many interesting works that could give an excellent result to this sale dedicated to prints and multiples, a sector considered as one the minor sectors of the art market.

In the last few weeks, London city has proved to be the European capital of the art market. With sales dedicated to the modern and impressionist sector, Sotheby’s and Christie’s have confirmed the good state of the market. Indeed, the “Impressionist and Modern Art Evening Sale” held on 24th June fetched 144 million pounds (284 million dollars), achieving the highest total for a European auction and giving “Le bassin aux nymphèas” by Claude Monet the new world record for the artist, selling the piece for 41 million pounds.

translated by Giorgina Arcuri

Art Basel has started and the buyers have arrived. However, the Americans are missing. This seems to be the biggest complaint on behalf of operators. The American public has stepped aside and given way to the Europeans. It is not a change that affects the number of transactions, but rather an actual geographic shift of the market. This does not worry all the art gallery managers, some of whom have proven to be indifferent with respect to who buys the works. Also because many of the participants are too busy calculating their business volume to worry about the nationality of the buyers.

Article translated by Amritee Mahabir

The “Contemporary Art” House organised by Sotheby’s New York next April 2nd was interestingly announced. The auction will put together 468 lots by high quality artists spacing from seventies art right up to contemporary masters.