antiquesandartireland.com

Information about Art, Antiques and Auctions in Ireland and around the world
  • ABOUT
  • About Des
  • Contact
  • Posts Tagged ‘art market’

    NEWLY DISCOVERED EARLY REMBRANDT AT TEFAF

    Wednesday, March 9th, 2016
    Rembrandt Harmenszoon van Rijn (Leiden 1606-1669 Amsterdam) - Smell

    Rembrandt Harmenszoon van Rijn (Leiden 1606-1669 Amsterdam) – Smell

    Major unveilings at TEFAF Maastricht, which opens on March 11 include a newly discovered very early work by Rembrandt.  Talabardon & Gautier will present the work which was purchased at auction in 2015 catalogued as Continental School, 19th century.  Meticulous research and cleaning by the gallery revealed it to be The Unconscious Patient (Smell), c.1624-25.  The oil on panel was executed when Rembrandt was only 18 or 19 years old. In addition an example of what is believed to be one of Rembrandt’s earliest signatures was discovered during cleaning.

    TEFAF provides an unparalleled platform for dealers to unveil discoveries and re-attributions to a discerning audience of international collectors.

    The 2016 TEFAF Art Market Report issued today shows that global sales fell 7% during 2015 from $68.2bn to $63.8bn.  The volume of sales declined by 2% to 38.1 million. The picture that emerges in 2015 is of a highly polarized market, whereby most of the value within the market is shared between two sectors – Post War and Contemporary and Modern art – and is concentrated in sales at the very highest price levels.

    Although the global sales figure fell in 2015, sales in the US rose by 4% to their highest ever total of $27.3bn confirming its position as the global market leader, with a 43% share of total sales values. The UK, in second place, had a 21% share and China accounted for 19% by value.

    (See post on antiquesandartireland.com for March 3, 2016)

    GREAT RESULTS FROM SOTHEBY’S, OUTLOOK GOOD

    Tuesday, March 1st, 2011
    Sotheby’s delivered net income of $161.0 million in 2010, which apart from peak of the boom 2007 is the best yearly result ever.  “It is a remarkable accomplishment,” said Bill Ruprecht, President and Chief Executive Officer.  “The recovery of the global art market which was aided in part by the increased buying activity of clients from new markets certainly contributed to these results, as did the difficult decisions we had to make beginning in the autumn of 2008 – the headcount reduction, tightening of our cost structure and steadfast focus on auction commission margins – which have paid off considerably.
    The positive moment is continuing into 2011. “Overall, aggregate auction sales through the first two months of 2011 solidly improved from the first two months of 2010. We hope that 2011 will be another strong year for Sotheby’s and for the art market,”  Bill Ruprecht said.