Iconic Artworks Could Signal a Blockbuster Auction Season

  • November 01, 2012 22:03

  • Email
Claude Monet's Water Lilies from 1905 may fetch upwards of $50 million at Christie's on Nov. 7.

Next week's deluge of big-ticket art auctions in New York are tied to high expectations that the world's super-wealthy will continue to part with cash for hundreds of millions of dollars worth of artwork.

This season's auction selection was boosted by billionaire consignors who are selling at a time of uncertainty over the global economy, the presidential election, and a possible increase to the 28 percent capital gains tax.

The ones to watch at Sotheby's, Christie's, and Phillips de Pury & Company include several iconic works expected to reach higher than $35 million - from one of the best examples from Monet's water lilies series to a bold and bright Rothko.

Read more at New York Times

Tags: european art

  • Email

More News Feed Headlines

Peter Carl Fabergé; Henrik Emanuel Wigström, workmaster.  Rose Trellis Egg (detail), 1907.  Bequest of Henry Walters, 1931 44.501

Revel in Fabulous Fabergé Imperial Easter Eggs

  • ArtfixDaily / April 9th, 2020

Easter eggs are among the most fabled and intricately-crafted treasures from the firm of Peter Carl Fabergé ...

Christie's New York

Christie's Fined $16.7 Million by Manhattan DA

  • ArtfixDaily / April 9th, 2020

Manhattan District Attorney Cy Vance, Jr. announced Thursday "the resolution of an investigation into Christie's ...


Go On a Virtual Tour of Thomas Jayne's Soho Loft on House Beautiful's Live Instagram, Tuesday, April 14

  • ArtfixDaily / April 8th, 2020

House Beautiful has been developing a creative mix of live events for its Instagram feed focused ...

Peace Terrace and view of Lake Merritt.  Courtesy of the Oakland Museum of California.

U.S. Arts Organizations Have Already Lost $4.5 Billion During Coronavirus Crisis, Per Study

  • Americans for the Arts / April 8th, 2020

The COVID-19 pandemic has cost U.S. arts and cultural organizations an estimated total of $4.5 billion since a survey ...


Related Press Releases

Related Events

Goto Calendar

ARTFIXdaily Artwire