Claude Monet sold $451 million worth of art in the first half of 2022. Another $350 million in Monets are coming to market in Fall 2022 with the Paul G. Allen collection.
If you had told anyone six months ago that a painting by Lynne Drexler would be offered at auction in Los Angeles with a low estimate of $500,000, the response would have been laughter. But this week Bonhams announced it would be offering Grass Symphony from 1962 at its Los Angeles sale on September 14th with a $500,000 low estimate.
Retrospectives for Bridget Riley and Sean Scully show the fertility of simplicity. Figuration may still dominate painting but two retrospectives this Summer remind us that there is a generation of abstract painters who are still receiving recognition.
In May of this year, Christie’s sold a 1981 work by A.R. Penck for $567,000 during the New York sales cycle. The price was the second highest price achieved for the artist’s work.
When Scott Kahn’s first work of art came up at auction in Hong Kong last November at Phillips— and sold for nearly a million dollars—it seemed like the end of a long saga. And it was. The 76-year-old artist had been without a gallery for a decade and a half.