Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, November 08 2019 - 02:23
AsiaNet
Artprice by Art Market: 10 Works That Should Ignite Bidding at New York's Prestige Sales, 11 - 20 November 2019
PARIS, November 7, 2019, /PRNewswire-AsiaNet/--

For thierry Ehrmann, founder/CEO of Artmarket.com, "This year's best auction 
performances have relied less on the Art Market's top four ultra-prestigious 
signatures (Monet, Picasso, Warhol and Basquiat) and more on artists who are 
gaining momentum. The major auction houses are today working on bringing new 
artists into the very closed circle of '$10 million-plus' artists".

Rather than waiting for the arrival of a single exceptional work – like the 
Salvator Mundi or the Women of Algiers – auction houses are concentrating on 
generating more results above the $10 million threshold. And, as we have seen, 
when several major collectors are chasing the same piece, prices can fly. This 
was the case for Past Times (1997) by African-American artist Kerry James 
Marshall in May 2018, and for La Terrasse (1912) by Pierre Bonnard earlier this 
year.

Artprice has selected the ten works most likely to elicit strong bidding in New 
York next week:
Ed Rusha - Hurting the Word Radio #2 (1964): $30 - 40 million
This painting could well exceed the $30.4 million hammered in November 2014 for 
Smash (1963) and crown an already exceptional year for Ed Ruscha on the 
secondary market. The first version of Hurting the Word Radio is in Houston's 
prestigious Menil Collection.
Gustave Caillebotte - Richard Gallo et son chien Dick (1884): $18 - 25 million
Occasionally, 19th century art – frequently disregarded or overlooked – 
produces excellent surprises. Somewhat curiously, Gustave Caillebotte is among 
the artists currently in vogue. His painting at Sotheby's next week could do 
even better than the $22 million hammered in February 2019 for his Chemin 
montant (1881), which was worth $6.7 million in 2003.

Joan Mitchell - Plowed field (1971): $12 - 18 million
This painting – over 5 metres long – was auctioned in November 2003 at 
Christie's in New York where it fetched $657,100. Sixteen years later, it could 
be resold for almost 20 times that amount.

Brice Marden - Number Two (1983/84): $10 - 15 million
After the new auction record for Carl André's Copper-Steel Alloy Square at $3 
million on 4 October 2019 in London, Minimalism is back with a major Brice 
Marden canvas. Since it was purchased at the Pace Gallery 34 years ago, the 
work has never been offered for sale. Its sister work, Number One (1983/84), is 
part of the Whitney Museum's collection.

Francis Bacon - Pope (c. 1958): $6 - 8 million
This painting – from perhaps the Irish painter's most iconic series – is being 
sold by the Brooklyn Museum, which has kept it for nearly forty years. Its sale 
will take place during the magnificent retrospective "Bacon en toutes lettres" 
at the Centre Pompidou in Paris (open until 20 January 2020).

Jean-Michel Basquiat - Brown Eggs (1981): $2.5 - 3.5 million
The major absentee on the high-end market so far this year, Basquiat is still 
only in 11th place in Artprice's global ranking of artists by auction 
turnover... This work on paper, which already fetched $254,000 in 2004, then 
$1.86 million in 2015, will indicate whether the 'Basquiat frenzy' has calmed 
or is continuing to spread. But it won't be the only indication since his 
painting The Ring (1981), which sold for $7.6 million in 2012, is also being 
offered… with an estimate of $12 - 15 million.
Alma Woodsey Thomas - A Fantastic Sunset (1970): $2.2 - 2.8 million
This Afro-American artist, who died in 1978, could finally earn the recognition 
she deserves on the Art Market. Her research on colour, similar to that of 
Frank Stella and Morris Louis, has never had the same auction success enjoyed 
by those two stars of Abstract Expressionism... who have both renewed their 
personal auction records very recently.

Akseli Gallen-Kallela - Palokarki (1892/94): $1.8 - 2.5 million
Her canvas View over Lake at Sunset (c.1905) exceeded all expectations on 9 
July 2019 at Sotheby's in London. Estimated between $125,000 and $190,000, it 
was finally purchased for $886,000. This record explains Sotheby's very bold 
estimate for Palokarki.

Charles Wilbert White - Banner for Willie J (1976): $1 - 1.5 million
Christie's has finally got its hands on an exceptional painting by this 
African-American artist who died in 1979. White's work has recently enjoyed 
strong auction demand including for two charcoal drawings that fetched over 
$400,000 each. His painting Banner for Willie J has all the qualities to set a 
much more substantial record.

Julie Curtiss - Pas de Trois (2018): $100,000 - 150,000
Curtiss is the new darling of the Anton Kern Gallery, which presented her work 
for the first time in April 2019 in New York. Since that solo show, five of her 
paintings have already been auctioned for a total of $453,000. And three others 
have been announced for sale in November.

Copyright 1987-2019 thierry Ehrmann www.artprice.com - www.artmarket.com 

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