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

Mark Dion and Dana Sherwood, Sketch for the Pollinator Pavillion.  Courtesy of the Thomas Cole National Historic Site.

Ahead: ARTFIXdaily Closed Week of August 9; The Pollinator Pavilion Opens at Thomas Cole Site

  • ArtfixDaily / August 6th, 2020

ARTFIXdaily e-newsletter service will be closed next week and will resume on August 17. This Friday, August 7, the ...

Philadelphia Museum of Art

New Round of Layoffs Hit U.S. Museums; Philadelphia Museum of Art Workers Vote to Unionize

  • ArtfixDaily / August 6th, 2020

After months of coronavirus impacts have battered museums' finances, art institutions across the U.S. have announced ...

Tony Castro with Alpha Castro removing door molding to discover original decoration at Cumston Hall, Monmouth, Maine.

Got Old House? A Live Stream Symposium Will Cover Historic Painted Wall Conservation

  • ArtfixDaily / August 6th, 2020

"Conserving Our Painted Past" Live Stream Symposium Oct. 26-28, 2020, 1:00 pm-4:30 pm REGISTRATION NOW OPEN AT ...

Counter for Cutting Cloak Material, 1850s.  Church Family, Mount Lebanon, NY Pine, maple pulls, brass tacks, red paint Accession Number: 1950.382.1

Shaker Museum Taps Selldorf Architects for New $15 Million Facility

  • ArtfixDaily / August 5th, 2020

Shaker Museum has selected Selldorf Architects to create its new permanent facility in downtown Chatham, New York, to ...


Related Events

Goto Calendar

ARTFIXdaily Artwire