Art auction market report: June 2011
In June 2011, ArtSell recorded 2,941 auction lots from 17 auction houses, of which 2,373 sold (81% sell-through). The 2,373 sales with a published price total $48,935,090, with a median of $1,900 (USD at the sale-date rate). The top sale was Ferdinand Hodler, “Les Etangs longs bei Montana”, at $4,716,000 (Kornfeld). 15 artists set a new high compared with every earlier result in the database.
Top sales
| # | Work | Artist | House · date | Price |
|---|---|---|---|---|
| 1 | Les Etangs longs bei Montana, 1915 | Ferdinand Hodler | Kornfeld · Jun 17, 2011 | $4,716,000 (CHF 4,000,000) |
| 2 | 8.10.84, 1984 | Zao Wou-ki | Ravenel · Jun 5, 2011 | $2,739,456 (NT$78,720,000) |
| 3 | Stehender weiblicher Akt, 1910 | Egon Schiele | Kornfeld · Jun 17, 2011 | $1,650,600 (CHF 1,400,000) |
| 4 | The Paddock - Late Afternoon 1979, 1979 | Brett Whiteley | Menzies · Jun 23, 2011 | $1,642,270 (A$1,562,727) |
| 5 | Study for Sunflower, 2010 | Cai Guo-Qiang | Ravenel · Jun 5, 2011 | $1,414,272 (NT$40,640,000) |
| 6 | Tamkang Scenery, 1960 | Liāu Kè-chhun | Ravenel · Jun 5, 2011 | $918,720 (NT$26,400,000) |
| 7 | The Orange Table 1978, 1978 | Brett Whiteley | Menzies · Jun 23, 2011 | $917,149 (A$872,727) |
| 8 | Arlequin à la Clarinette | Jacques Lipchitz | Menzies · Jun 23, 2011 | $885,622 (A$842,727) |
| 9 | Red Landscape 1958, 1958 | Russell Drysdale | Menzies · Jun 23, 2011 | $854,095 (A$812,727) |
| 10 | Imperial Porcelains, 2009 | Wang Huaiqing | Ravenel · Jun 5, 2011 | $709,920 (NT$20,400,000) |
| 11 | 25.11.71, 1971 | Zao Wou-ki | Ravenel · Jun 5, 2011 | $613,872 (NT$17,640,000) |
| 12 | Taichi Series - Shadow Boxing, 1982 | Ju Ming | Ravenel · Jun 5, 2011 | $584,640 (NT$16,800,000) |
| 13 | Torse Fruit | Jean Arp | Menzies · Jun 23, 2011 | $582,963 (A$554,727) |
| 14 | Werribee Gorge II 1978, 1978 | Fred Williams | Menzies · Jun 23, 2011 | $532,519 (A$506,727) |
| 15 | Gespräch über einen Paragraphen, 1929 | Franz Radziwill | Ketterer Kunst · Jun 4, 2011 | $498,445 (€344,040) |
Top American artists
Ranked by total of priced sales in the month; region from the artist’s recorded nationality.
| # | Artist | Total sold | Priced sales | Top result |
|---|---|---|---|---|
| 1 | Jacques Lipchitz French | $885,622 | 1 | Arlequin à la Clarinette — $885,622 |
| 2 | Otto Dix American | $442,065 | 3 | Alte Birnbäume in Hemmenhofen — $397,696 |
| 3 | Lyonel Feininger American | $270,798 | 4 | Luminous Clouds — $94,142 |
| 4 | Edward Cucuel American | $213,408 | 2 | Herbstzauber — $203,267 |
| 5 | Albert Bloch American | $189,126 | 1 | Eine Gruppe - Gethsemane — $189,126 |
| 6 | Walasse Ting American | $182,909 | 3 | I Think of You — $121,104 |
| 7 | Andy Warhol American | $136,636 | 7 | Aus: Mao — $58,329 |
| 8 | László Moholy-Nagy American | $106,052 | 1 | Komposition 1921 — $106,052 |
| 9 | Robert Rauschenberg American | $104,813 | 3 | Untitled (Combine) 1958 — $93,750 |
| 10 | Sam Francis American | $87,217 | 2 | Untitled No. 74 Bern — $84,842 |
Top European artists
| # | Artist | Total sold | Priced sales | Top result |
|---|---|---|---|---|
| 1 | Ferdinand Hodler Swiss | $4,716,000 | 1 | Les Etangs longs bei Montana — $4,716,000 |
| 2 | Zao Wou-ki French | $3,741,696 | 3 | 8.10.84 — $2,739,456 |
| 3 | Egon Schiele Austrian | $1,650,600 | 1 | Stehender weiblicher Akt — $1,650,600 |
| 4 | Max Pechstein German | $1,125,365 | 6 | Zerfallenes Haus — $468,397 |
| 5 | Emil Nolde German | $691,741 | 3 | Marschlandschaft mit Bauernhof und Heudiemen — $415,371 |
| 6 | Jean Arp French | $582,963 | 1 | Torse Fruit — $582,963 |
| 7 | Franz Radziwill German | $498,445 | 1 | Gespräch über einen Paragraphen — $498,445 |
| 8 | Arthur Boyd British | $482,650 | 5 | Death of a Horse 1981 — $229,860 |
| 9 | Sigmar Polke German | $421,897 | 8 | Untitled — $262,449 |
| 10 | Gabriele Münter German | $395,158 | 2 | Schloss Elmau im Winter — $212,104 |
New artist records
The artist’s best price this month exceeded every earlier priced result for them in the ArtSell database (artists with at least three earlier priced results).
| Artist | Work | Price | Previous high |
|---|---|---|---|
| Ferdinand Hodler | Les Etangs longs bei Montana Kornfeld | $4,716,000 | $5,530 (7 earlier) |
| Egon Schiele | Stehender weiblicher Akt Kornfeld | $1,650,600 | $948,946 (19 earlier) |
| Cai Guo-Qiang | Study for Sunflower Ravenel | $1,414,272 | $989,261 (6 earlier) |
| Jacques Lipchitz | Arlequin à la Clarinette Menzies | $885,622 | $6,710 (8 earlier) |
| Jean Arp | Torse Fruit Menzies | $582,963 | $147,636 (47 earlier) |
| Franz Radziwill | Gespräch über einen Paragraphen Ketterer Kunst | $498,445 | $496,314 (39 earlier) |
| Rosalie Gascoigne | Lake 1991 Menzies | $305,525 | $137,631 (4 earlier) |
| Emily Kame Kngwarreye | Earth's Creation II 1995 Menzies | $280,303 | $143,089 (10 earlier) |
| Bill Hammond | Singer Songwriter Art+Object | $266,784 | $147,117 (28 earlier) |
| Ian Fairweather | Penelope c1961 Menzies | $255,082 | $197,340 (5 earlier) |
| Ralph Hotere | Dawn - Water Poem Art+Object | $242,532 | $51,357 (50 earlier) |
| Rupprecht Geiger | 318/61 Ketterer Kunst | $203,267 | $90,018 (67 earlier) |
| Edward Cucuel | Herbstzauber Ketterer Kunst | $203,267 | $184,746 (23 earlier) |
| Zhan Wang | Artificial Garden Rock Ravenel | $192,096 | $158,400 (3 earlier) |
| Paul Kleinschmidt | Sängerinnen Ketterer Kunst | $189,126 | $77,509 (19 earlier) |
Auction houses this month
Van Sabben Poster Auctions (363)Los Angeles Modern Auctions (LAMA) (334)Art+Object (305)James D. Julia (269)Schmidt Kunstauktionen Dresden (255)Lempertz (221)Sloans & Kenyon (214)SOGA (189)Ketterer Kunst (182)Agra-Art (172)Menzies (137)Ravenel (126)Grev Wedels Plass Auksjoner (73)Clarke Auction Gallery (51)Toovey's (46)Cottone Auctions (2)Kornfeld (2)