The total of the white-glove auction greatly exceeded the pre-sale estimate of between £11.9 million and £18.5 million, though these figures do not reflect the buyer’s premium that is added on for each lot sold. The sale began with Peter Blake’s homage to Waddington in oil-on-canvas, Leslie Waddington with Portrait of a Young Man by Hans Memling (1999), which fetched £81,250, almost triple the high estimate. Francis Picabia’s Lampe (c. 1923) racked up one of the higher totals, bringing in £3,637,000, but was topped by Jean Dubuffet’s Visiteur au Chapeau Bleu, which took the top lot, selling for £4,813,000. More via Blouin Art Info.
The director of Indonesia’s Museum of Modern and Contemporary Art in Nusantara (MACAN) — Thomas J.Berghuis — is stepping down. Berghuis, who has held the post since May 2015, is leaving MACAN to return to his work as an independent curator, scholar, and consultant for art institutions. MACAN has responded by launching an international search for a replacement director, hoping to fill the position within the month. More on Artforum.
Sotheby’s plans to purchase $73.8 million worth of shares from the hedge fund Marcato Capital Management, in which it is currently the third largest shareholder. The auction house agreed to buy up to 2.05 million shares, according to a regulatory filing Tuesday. Sotheby's stock price closed on Tuesday at $36.99, up 44% since the start of 2016. More details on Bloomberg.
San Francisco’s annual FOG Design+Art fair, which pitches itself as a celebration of “today’s most significant creatives and leading contributors to the worlds of design and visual arts,” has released the exhibitor list for its 2017 edition, which will take place at Fort Mason from January 12 through 15. There are a number of newcomers among the 45 international galleries and art dealers that will be taking part next year, including Gagosian Gallery, Los Angeles; Dominique Lévy Gallery, London; Paula Cooper Gallery, New York; and Kurimanzutto, Mexico City. The full exhibitor list is available via Art News.
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October 5 | Frieze auction week gets underway with white-glove sale
Frieze London’s week of art auctions has kicked off with Christie’s sale of the private collection of Leslie Waddington, the famed Cork Street dealer of Modern and contemporary art, which realized £28.3 million for the 44 lots sold.
