FairsAuction Houses 21-10-2016

October 21 | FIAC: Strong (and reassuring) sales lead the 43rd edition

Despite a drop in attendance, with American collectors steering away from the fair, the 43d edition of FIAC has delivered solid sales so far.

Notably, Untitled (Head #2) by George Condo fetched $550,000 at Sprüth Magers and the gallery also reported the sales of Cyprien Gaillard’s Untitled, (2015) which went for €140,000 and Karen Kilimnik”s The fop in Scotland, (2015) sold for $110,000. Lisson Gallery also delivered strong sales of works by Cory Arcangel, Lee Ufan and Joyce Pensato. At Kurimanzutto’s stunning stand, works by artists including Gabriel Orozco, Jimmie Durham, Damián Ortega, Abraham Cruzvillegas and Gabriel Kuri sold for prices between €1,600 and €350,000. More information via artnet News.

The Hugo Boss Prize, rewarding outstanding contributions to contemporary art every year, has been awarded to Anicka Yi. The announcement was made by Richard Armstrong, director of the Solomon R. Guggenheim Museum, and Mark Langer, chairman and CEO of Hugo Boss AG. Born in Seoul in 1971 and based in New York since 1995, Yi is known for her work that creates sculptures out of smells. She is the 11th artist to to receive the $100,000 prize. More info via Artforum.

Auction house Sotheby’s has revealed that its November 14 sale of Impressionist and Modern art in New York will be led by the 1902 canvas Girls on the Bridge by Edvard Munch, valued at $50 million. The painting, which was lent to museums including the Tate Modern and New York’s Guggenheim during major exhibitions, already sold at Sotheby’s for $7.7 million in 1996 and again in 2008, for $30.8 million. The full story via Bloomberg.

The New Art Dealer Alliance (NADA) has announced that its New York fair — usually held in March during Frieze New York — will now run in May, in parallel to the Armory Show. NADA New York will also move from its previous location in the Lower East Side to Skylight Clarkson North, a 70,000 square foot space at 571 Washington Street. More information via Art News.

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