Konstantin

@kos

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I claimed 1 OTOM medal on Shape Stack. Mint your Stack using my referral link to start collecting: https://stack.shape.network/kos?ref=gjffutn

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The Artprice100 index, which reflects the value of works by the top 100 artists, fell 8.3% over 2024 - the first significant decline in 8 years. At the same time, the S&P500 stock index rose by 25%. Jean-Michel Basquiat suffered the most in the top 10: his sales fell from $238 million (2023) to $183 million (2024) due to forgery scandals. The best growth was shown by René Magritte (+53%). In the year of the centenary of surrealism, his work from the series "Empire of Light" was sold for $121 million, breaking the previous record ($79 million).

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Now it is not easy to find a collector willing to part with his collection: the art market is in recession, and global uncertainty is growing, which makes many people postpone such decisions. However, Christie's is lucky - the auction house has agreed to sell the impressive collection of the late Leonard Riggio, former largest shareholder of the Barnes & Noble chain, who passed away six months ago. The auction is scheduled for May. The full list of lots has not yet been revealed, but key works are already known. Among them are paintings by Piet Mondrian, René Magritte (two works) and Pablo Picasso, as well as a sculpture by Alberto Giacometti. The total value of the collection is estimated at $200 million, and experts are already calling the upcoming auction “the sale of the year”.

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My Top 9 on @rodeodotclub featuring @samei, @basqkek, @jhekub, @kingxerox, @thepapercrane, and others

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Two of Banksy's five most expensive works are 2005 paintings first shown in his exhibition *Crude Oils: A Gallery of Re-mixed Masterpieces, Vandalism and Vermin*. One of the key works in the series, “Crude Oil (Vettriano)” - will be auctioned at Sotheby's in London in March with an estimate of £3-5 million ($3.8-6.3 million). “Crude Oil” is a dystopian interpretation of Jack Vettriano's painting ‘The Singing Butler’ (1992), whose reproductions became the best-selling posters in Britain. In 2004, Vettriano's original sold for $1.3 million, setting a record for Scottish artists. Banksy's series record is held by the work “Gas Station Sunflowers,” which sold for $14.6 million in 2021. The current owner of “Crude Oil” is Mark Hoppus, co-founder of the band Blink-182, who bought it in 2011. He will donate a portion of the proceeds to the California Fire Foundation and charity.

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My Top 9 on @rodeodotclub featuring @kingxerox, @tch, @yx3io, @eboy, and others

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The art market is expecting a new auction record for Tamara de Lempicki's paintings. Her work "Portrait of Dr. Boucard" (1928), depicting French bacteriologist Pierre Boucard, the creator of a cure for diarrhea, will be put up for auction at Christie's in London on March 5. The painting has an estimate of £5-8 million ($6.2-9.9 million). Earlier, in 1983, it was sold for $255,000 at Sotheby's. The painting is also known for its appearance in the TV series Agatha Christie's Poirot. Interest in de Lempicki's work continues to grow: six of her most expensive sales have taken place over the past 7 years. The current record of the artist - £16.3 million ($21.2 million) for "Portrait of Marjorie Ferry", sold in 2022. Experts do not rule out that the new auction could set a new record for her work.

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Works created with AI have entered global auctions. Christie's will be the first to hold a specialized Augmented Intelligence auction online from February 20 to March 5, with works on view at Rockefeller Center in New York. Among the more than 20 lots are paintings, sculptures, installations and digital art with estimates in the tens and hundreds of thousands of dollars. The main lot is the work of artist and roboticist Alexander Reben. His robotic artist will change the painting in real time: with each bid adding new details. The expected price - up to 1.7 million.

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I just registered for @ampsfun

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My Top 9 on @rodeodotclub featuring @jhekub, @kingxerox, @kungfuhavestyle, and others

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My Top 9 on @rodeodotclub featuring @jhekub, @kingxerox, @ilyakazakov, and others

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A few years ago at a garage sale in Minnesota (USA), a portrait of a fisherman painted in oil on canvas (45x40 cm) was bought for $50. Now this painting is going to be attributed to the works of Van Gogh. In 2019, an anonymous antique dealer sold the painting to the consulting company LMI. Experts from various fields, including art historians and chemists, analyzed it and compiled a 458-page report. It contains arguments that point to Van Gogh's possible authorship. The painting dates back to 1889. At this time, the artist wrote about 150 paintings, including the masterpiece “Starry Night”. Now the painting must pass the official attribution in the Van Gogh Museum in Amsterdam. If authenticity is confirmed, the valuation of the painting could be 15 million dollars.

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My Top 9 on @rodeodotclub featuring @jhekub, @a1111ac011d0, @adacrow, @thepapercrane, @justinaversano, @yx3io, @rayreeg, and others

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My Top 9 on @rodeodotclub featuring @kingxerox, @thepapercrane, @dinburns, @natehill, and others

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McKinsey forecasts that the global luxury goods market will grow by only 2-4% annually over the next three years. Analysts predict a resumption of growth in China after two years of decline - by +3-5% per year. Even more hopes are pinned on the USA - 4-6%. In Europe, growth will be more restrained. Sales of jewelry and handbags (leather goods) are expected to grow faster than other luxury goods - by 4-6% per year. Watches, clothing and footwear are expected to grow by only 2-4%.

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Trump on @rodeodotclub

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Trump on @rodeodotclub

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My Top 9 on @rodeodotclub featuring @lh, @popwonder, @justinaversano, @maning, @pixelord, @dougdimmadome, and others

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My Top 9 on @rodeodotclub featuring @erikx and @ballzerino

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