Summer auction for hundreds of millions of dollars will start today
ARTinvestment.RU   29 июня 2020

From 29 June to 10 July 2020 "large auction of three" will hold major auctions of the season

Collapsed this spring in the world, the pandemic hit hard at the art-рынку. From-за quarantine was canceled or postponed a major auction of the season, in the first auction of contemporary and postwar art, the results of which have often set the bar for the volume of world art-рынка.

According to Artnet Price Database, in April 2020, the total global volume of auction sales fell by 90 % compared to April 2019-го, but in may, the figure began to recover and now three large auction: Christie's, Phillips, Sotheby's seems to have decided to make bets on the summer months. The role may 2019, when the new-Йорке and London was carried out the main evening and day auction of postwar and contemporary art, this year will be the end of June and beginning of July.

last year, the total revenue may auction ranged from $1.3 billion to $1.5 billion. it is Understood that this year, on these figures, no one expects: the total estimate of major auction catalogs summer 2020 is only about $0.5 billion. However, the first results will be summed up tomorrow: today "bidding season" will be held at the auction house Sotheby's.

on 29 June, Sotheby's arranges three large auction. Trading The Ginny Williams Collection Evening Sale will consist of 18 works of women-художниц from around the world, representing all major movements in modern art. The total estimate of the catalog is $of 35.9–51.7 million, and the top-лоты — two works by Joan Mitchell — is estimated at $5-7 million each. The evening auction of impressionist and modern Sotheby's Impressionist and Modern Art Evening Sale, according to experts of the auction house, can bring from $59.1 million to $83,5 million (last year the catalogue was estimated at $293 million). Part of the catalog consists of 28 lots, the most expensive of which — "head of a sleeping woman" by Pablo Picasso, 1934 estimate: $9-12 million

the Main auction on June 29 should be the evening auction of contemporary art Sotheby's Contemporary Art Evening Sale. In the catalog of this auction will consist of 30 lots, for which organizers expect to gain from $171,4 million to $239,1 million (estimate: last year: $245-351 million). Top-лотом here will make a rare Francis bacon triptych, previously estimated at $60-80 million.

Thursday, July 2, 2020 the baton to the evening's sales will pick up auction house Phillips fine 20th Century and Contemporary Art Evening Sale. Part of the directory of these trades were 25 lots, the total estimate which stood at $29.3–41.5 million Top-лот — composition Noël ("Christmas") Joan Mitchell with an estimate of $9.5–12.5 million.

on 10 July, auction house Christie's will conduct an experimental auction marathon ONE: A Global Sale of the 20th Century, during which for several hours the auctioneers of the main offices of the auction house in Hong Kong, Paris, London and new-Йорке in real time for each other will be part of this global auction. Given the experimental format of the auction, the auction house announced that the final composition of all directories will be approved no earlier than Thursday, July 2. What is known is that in the United the auction will involve more than 70 lots, some ofthem valued above $30-40 million On the total assessment can only guess, but last year, the Impressionists at Christie's had an average estimate of $293 million, and contemporary art spring auction was estimated at $320 million at auction On July 10, both categories will be merged.

the Material was prepared by Maria Kuznetsova, AI

Source: news.artnet.com