More works by Bacon and Freud to go up for auction after record prices for Benefits Supervisor Sleeping and Triptych.
London - A week after paintings by Lucian Freud and Francis Bacon shattered auction records in New York, Christie’s announced that it will sell works by the pair in London next month.
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Southeby’s loses money this quarter, CEO attributes loss to the credit crunch and guarantees
From the story:
Sotheby’s, the world’s largest publicly traded auctioneer of art and collectibles, disappointed investors with a first-quarter loss and said revenue from auctions declined.
The shares fell $2.56, or 9.3 percent, to $24.91, at 4 p.m. in New York Stock Exchange composite [...]

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A life-size Lucian Freud painting of a naked benefit office supervisor sleeping is expected to smash auction records next month.
The artwork, which is being sold by a private European collector, is predicted to fetch up to $35 million (£18 million) when it goes on sale in New York.
Christie’s believes that Benefits Supervisor Sleeping will…
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A NUDE photo of French first lady Carla Bruni-Sarkozy, standing in a pigeon-toed pose and covering her modesty with her hands, was sold today in New York for US $91,000 , more than 20 times its expected price…
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China’s art market overtook France’s for the first time last year, according to figures released by Art Price on Monday.
According to Art Price’s 2007 data comprising sales of fine arts works - paintings, drawings and photographs - the global art market saw an overall rise for the seventh year running, with revenue up 43.8 per [...]

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An 18th-century masterpiece long presumed to have been destroyed has been found languishing in the corner of an English country house.
The whereabouts of La Surprise, by the French artist Jean-Antoine Watteau, has been a mystery for almost 200 years. Its existence was …
Read full story by Dalya Alberge in the Times Online

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LONDON (Reuters) - Christie’s will offer for sale the private collection of the late Simon Sainsbury, estimated to be worth around 15 million pounds which includes furniture and pottery and paintings by Reynolds, Degas and Matisse…
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A masterpiece by Claude Monet, said to be one of the greatest Impressionist pictures left in private hands, is expected to break the world auction record for the artist at a sale this spring.
Such is the significance of Le Pont du chemin de fer à Argenteuil, dated 1873, that it is likely to spark feverish [...]

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Christie’s International failed to sell almost a quarter of the art at a London auction last night as U.S. buyers retreated in the wake of investment losses.
Christie’s sold 100 of the 131 impressionist and modern art lots, or 76 percent, a decline from 80 percent…
Read full story by Linda Sandler and Lindsay Pollock at Bloomberg

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NEW YORK (AP) - An art gallery has sued Christie’s auction house and a man who tried to sell a $100,000 Andy Warhol painting that the gallery reported stolen nearly 10 years ago.
Martin Lawrence Galleries says in court papers that the 1981 artwork, known as the Warhol “Dollar Sign,” was stolen with another Warhol painting [...]

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