It may surprise you but I have never been to an art auction in my life.
Anyone looking at art auction data is only considering half of the story.
Clearly, this only represents the very top echelons of the art auction market and not the broader art market.
There were TV cameras everywhere-the art auction had become a media event.
The international auction house said the first quarter is traditionally a loss period because of the seasonal nature of the art auction market.
If the piece sells above the original acquisition price, Art Auction Guarantee takes 15% of the profit and the owner keeps the rest.
He has written a memoir, "Threshold Resistance, " that tells about his career and a 9-month prison sentence he served in 2004 on an art auction price-fixing conviction.
But Sotheby's officials said they were delighted with the results sales at the first major fine art auction of the season and that keeping low estimates had paid off.
The world's largest online flea market thought that it could revolutionize the traditional art auction business by creating a vast new class of customers who would bid on high-ticket items over the Internet.
Her subjects include fashion pioneer Chanel, publishers Penguin and Atavist, film icons Variety and the Sundance Institute, Indian art auction house Saffronart, and food businesses Whole Foods and the James Beard Foundation.
Since July this year, Art Auction Guarantee, a company founded in 2011, have offered buyers of art at auction a guarantee that, for a percentage of the acquisition price (5% to 7.5%), they will get back what they paid for the piece if it is resold at auction after two years or more and fails to make the reserve price.
High-profile Russian and Chinese collectors have been buying art at auction or from galleries and then donating it to Russian and Chinese museums.
The project links the works of art with auction houses in London, coming full circle when the proceeds are donated to the workers cooperative.
Wednesday's sale outperformed two longtime leaders in South African art at auction, Peppiatt said, citing "Landscape Stellenbosch" by Jacob Hendrik Pieerneef sold for 713, 250 pounds, and Irma Stern's "Congolese Beauty" for 541, 250 pounds.
Shaw, head of Impressionist and Modern Art at the auction house, said the picture's status as a high-profile target for thieves had only boosted its popularity.
Art dealers and auction houses such as Sotheby's say they routinely check the ownership history to the best of their ability and never knowingly sell stolen work.
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The sale to an anonymous buyer is a landmark moment for the London art market and establishes a record price for any Post-War work of art sold at auction in Europe.
Art indices are certainly helpful to a point and deserve a post of their own, but they only track art offered at auction, less than 50% of the overall market, and typically only successful sales at auction, which account for an even smaller slice.
To see these spectacular works of art and 20 million more, check out Artfact.com, the world's largest database of auction records for art and antiques.
The evening auction of Impressionist and Modern Art made history by realizing the highest total for any auction ever held in Europe.
For Alice Neel auction records over the past 15 years, consult Artfact.com for art and antiques with over 20 million auction results.
Consider a subscription to the world's largest database of auction records for art, antiques and fine collectibles.
"Aboriginal art had never appeared at auction before, and it was incredible to see the reaction to it, " said Cavazzini.
Collectors from Russia, Asia and the Middle East are flocking to contemporary-art sales, and the auction houses couldn't be happier.
For breaking auction news and millions of past auction sales, use Artfact.com, the world's largest database of auction results for art, antiques and collectibles.
When the singer's "Vogue" video came out in 1990, featuring Madonna's de Lempickas in the background, it sent a frisson through auction houses and art galleries.
She finds the relentless pace at which auction houses, art fairs and gallery franchises currently offer contemporary works, and the sheer volume of art on offer, troubling.
Still, her clients often get blue-ribbon treatment, with galleries and auction houses sending art directly to their homes so they can see the art up close while mulling a purchase.
Even specialist fine art, antiques and collectibles auction sites like iGavel that conduct all their sales online still have a physical auction house where you can see and handle the works beforehand.
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Baby boomers laden with nostalgia and cash have helped Frazetta set records for every category of art in the comic and fantasy fields, says Joseph Mannarino of All Star Auctions, who worked with Christie's in 1992 to put together an auction of comic art and illustration.
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