- Richard Hambleton's Jumping Shadow Man achieves new record price
- High-quality works attract greater online bidding
BERLIN and NEW YORK / ACCESSWIRE / May 23, 2018 / Berlin-based artnet AG, the leading provider of art market data and online art auctions, is pleased to announce the recent success of Post-War & Contemporary Art: The Premier Sale. The auction was one of the platform's largest to date and achieved the highest total sales value in artnet Auctions' history. Richard Hambleton's work Jumping Shadow Man (1984-1986) sold for $108,000-a new world record for the artist at auction.
A painting by American artist Eric Fischl, The Visit 1 (Originally The Oracle) (1981), was the highest-selling work of the sale at $525,000, which also made it the most expensive work sold on artnet Auctions in 2018 so far. After attracting a dynamic bidding war with a total of 33 bids, Sue Williams' New Painting / Pink and Blue (2002) sold for $120,000, three times the high estimate.
This continues a trend of record-breaking results seen throughout artnet Auctions' series of Premier sales, which launched in April of this year. In the Premier sale of photography, an 8 x 10 in. print of Sally Mann's iconic Candy Cigarette (1989) sold for $132,000, a new auction record for the print in this size.
Further records were set in the prints edition of the Premier sales, including Robert Longo's Meryl and Jonathan (1980), which sold for $72,000, and Roy Lichtenstein's Finger Pointing (1973), which generated 24 bids and more than doubled its estimate, ultimately selling for $20,400. In addition, Yoshitomo Nara's Tell Me Why (2015) print sold for a record-breaking $43,200 in the Premier sale of contemporary Asian art.
These successful sales are indicative of the quality of artworks offered on artnet Auctions, which illustrates the growing confidence of both sellers and buyers in online art sales. "artnet Auctions has established itself as the leading online-only auctions marketplace, as the recent record sales prove." said Jacob Pabst, CEO of artnet. "Our clients appreciate immediate transactions, with seamless flow between sellers, specialists, and collectors."
artnet Auctions currently has two sales live for bidding, Spring Photographs and Pop Art. With new themed sales launching every week, specialists are continuously accepting artwork submissions for upcoming auctions. Collectors can stay abreast of upcoming sales and submit artworks at www.artnet.com/auctions/sales-calendar/.
For more information, please contact [email protected], or visit www.artnet.com/auctions.
About artnet
artnet is the leading resource for buying, selling, and researching art online. Founded in 1989, artnet's suite of industry-leading products has revolutionized the way people collect art today. The Price Database contains over 11 million auction results from more than 1,700 auction houses dating back to 1985, providing an unparalleled level of transparency to the art market. The Gallery Network platform connects leading galleries with collectors from around the world, offering the most comprehensive overview of artworks for sale. artnet Auctions was the first dedicated online marketplace for fine art, providing a seamless and efficient collecting experience for both buyers and sellers. artnet News covers the events, trends, and people shaping the global art market with up-to-the-minute analysis and expert commentary.
artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the segment with the highest transparency standards.
SOURCE: artnet AG