Lot-Art Market News

LOT-ART has gathered for you the most relevant art news published during June and July 2021. Stay tuned on the main events of the art market, follow us on Facebook or Instagram!

Photo credits: Courtesy of Sotheby's

Sotheby's Hong Kong auctioned a rare pear-shaped diamond during a single-lot live auction from the 25th June to the 9th July 2021 as “part of Sotheby’s inaugural ‘Luxury Edit’ sale series in Asia”. Estimated between US$10-15 Million (HK$78-118 million), this 101.38-carat pear-shaped D Flawless diamond becomes the most expensive piece of jewelry sold using cryptocurrency!

During the last decades, other impressive diamonds reached new heights during auctions such as the Pink Star Diamond (59.60 carats) sold at Sotheby’s Hong Kong in 2017 for $71.2 million or even the Oppenheimer Blue diamond (14.62 carats), sold by Christie’s Geneva in 2016 for $57.6 million.

This magnificent gem has been eligible for cryptocurrencies payments as if one of the most ancient currencies met the emergent one as if the most tangible and unbreakable object confronted the most intangible and volatile one.

Discover more jewels and stones on Lot-Art 》

Read the full article on Sotheby’s 》

Photo credits: Courtesy of Heritage Auctions

Heritage Auctions house offered 5,000 Golden Age books including “vintage comics and original comic book art” during a Comics & Comic Art Signature Auction on the 19th June, 2021. This sale ranged several well-known blister packed comics’ superheroes such as:

A 1948’s Batman and Robin from Detective Comics (sold for US$456,000)
A 1972’s Ghost Rider from Marvel Spotlight (sold for US$264,000)
A 1975’s Robert Crumb's original artwork to the 5-page story "Let's Talk Sense About This Here Modern America" (sold for $312,000)

Reaching a total sale of US$22.4 million, comics and comic artworks are digging in the art market’s collectible assets. Depicting and embodying the American way of life during the late World War II and the Cold War, these comics’ legacies deliver absolute mythology of our beloved superheroes from the 1930’s to the 1990’s.

This “Promise Collection” showed a second time, in less than two months, the increasing bidders’ and collectors’ enthusiasm for comic books. Indeed, in April 2021, Heritage Auction hit US$16,380,667 thanks to legendary licenses. Since 2001, according to GPAnalysis, the comic book trading has generated an impressive US$1,048,922,897 total revenue.

Discover more comics and comic artworks on Lot-Art

Read the full article on Fine Books Magazine 》

Photo credits: Courtesy of Drouot

Enchères Champagne auctioned an oval Fragonard’s artwork on the 26th of June 2021 in Épernay, France. Presented on the 19th and 21st June at Drouot, “Un philosophe lisant” (A philosopher reading) was estimated between €1,500,000 – 2,000,000. Unknown as one of the 18th-century old master's paintings during decades, this delicate painting created a sensation by hitting €7 million at the sale, becoming the third most expensive work by Fragonard sold at auction!

Cherished for generations by the same family ignoring they owned an unexpected masterpiece, the paternity of this artwork has been unveiled thanks to very diligent expertise and authenticated as a lost Fragonard, recognizable by his “incredibly frank brushstrokes”.

Like the Caravaggio’s “Judith and Holofernes” (sold for €100 million in 2016) rediscovered in an attic or even the Raden Saleh’s “The Wild Bull Hunting” (sold for €7,2 million in 2018) neglected in a basement, your unexpected #treasures are waiting for a great valuation to shine.

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Read the full article on Drouot 》

Photo credits: Courtesy of Cowley Abbott auction house

Toronto-based Cowley Abbott auction house offered a 1997 David Bowie’s artwork from his Dead Heads’ series called “DHead XLVI” during an online-only bidding sale which ended on the 24th June 2021. Purchased from the Machar Township landfill in South River, Ontario, for roughly $5, this painting smashed its first acquisition price and was sold for CA$108,120.00 (US$ $88,000)

Estimated between CA$9,000 to CA$12,000 (~$7,380–$9,840), “DHead XLVI”’s painting depicts a portrait, probably a Bowie’s friend, family member, or bandmate.

Singers are appreciated painters too! In 2018, Sotheby’s New York auctioned several Frank Sinatra’s paintings which reaches new heights. During Sotheby’s “Lady Blue Eyes” sale, Frank Sinatra’s “Abstract In Blue, Gray And Yellow” (1992) was sold for US$ 100,000 with an estimation of US$ 5,000-7,000!

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Read the full article on Hyperallegeric 》

Photo credits: Courtesy of McLaren

Sotheby’s RM and Formula1 will present together a very special, single-lot auction of the 2010 Mc Laren Mercedes MP4-25A Formula 1 Race Car on the 17th July 2021. Estimated $5,000,000 - $7,000,000, this impressive race car is expected to overtake its estimation.

The auction will take place at the Formula 1 Pirelli British Grand Prix 2021 immediately prior to F1’s first-ever Sprint Qualifying Race. This sale “marks the first time any Lewis Hamilton F1 Race Car, let alone a Lewis Hamilton Grand Prix winning car has ever been offered for public sale”

Investing in very high-quality cars like in many other #luxury collectibles and artworks is a profitable way offering high return on investment. Indeed, according to the Knight Frank Luxury Investment Index Q1 2019, cars as an asset is ranked as the third asset in terms of performance during the last decade (563% for rare whiskeys, 193% for coins and 189% for cars)

Discover more classic cars on Lot-Art 》

Read the full article on The Irish Times 》

Photo credits: Courtesy of Sotheby’s.

Sotheby's London auctioned an Early-Career Van Dyck Portrait during its Old Masters Evening sale on July 7th. This family portrait, estimated between £1,000,000 - 1,500,000, is depicting the painter Cornelis de Vos and his wife Suzanna Cock and their two eldest children, Magdalena and Jan-Baptist.

The “bold brushstrokes very thinly painted over a brownish underground” 17th-century artwork has been painting when Van Dick was only 20 years old!

This artwork is also a true piece of history. Spoiled in the Netherlands in 1940 to the Jewish-Dutch art dealer Nathan Katz, the painting has been located by the monuments men in 1945 and transferred to the Dutch Government’s ownership before returning to the Katz family in January 1948. The painting has been then resold several times all around the world.

Discover more Old Masters artworks on Lot-Art 》

Read the full article on Art News 》

Photo credits: Courtesy of Heritage Auction.

Heritage Auction presented a sealed copy of the most famous Italian plumber of the Japanese video games license Nintendo, Super Mario 64, on July 11th, 2021. Perfectly conserved, this retro game has been auctioned during Heritage Auction’s “Video Games Signature Auction” and fetched $1,560,000, becoming the most expensive videogame ever sold!

The enthusiasm for retro licenses such as Final Fantasy, Super Mario, Zelda or even Pokemon is becoming huge. Indeed, a sealed cartridge of "The Legend of Zelda" for the old Nintendo NES console has been sold for a world-record sum of $870,000 during the same auction as this Super Mario 64 sealed copy. Pokemon Cards make the show in auctions too, fetching $234,171 at Hake’s Auctions.

It’s time to ask for a great valuation for your cherished collectibles!

Learn more about Lot-Art Valuation Service 》

Read the full article on Make Use Of 》

Photo Credits: Courtesy of Sotheby’s.

Sotheby’s Paris will auction some exceptional Napoléon’s belongings on next September from the 15th to the 21st during an online-only bidding titled “Les Arts sous Influence: Napoléon”. Estimated between €400,000 and €600,000, this mythic bicorne naval hat is auctioned in commemoration of the 200-year anniversary of the emperor’s death.

Purchased in 1814 by Sir Michael Shaw-Stewart, a Conservative Party politician, this symbol of Napoléon I’s legend is offered to Sotheby’s auction by the same family who passed it down between the generations until today.

Sotheby’s auction will range many other artworks such as sculpture, silverware, furniture, porcelain, jewellery, photography but also memorabilia.

Learn more about Lot-Art Investment Service 》

Read the full article on The Independent1

Photo Credits: Courtesy of Sotheby’s.

Sotheby’s RM will offer ‘The greatest sports car of its generation’ on next August. The 1970 Porsche 917K driven by Steve Mc Queen across the finish line in the classic movie 'Le Mans' is expected to fetch up $18.5M.

Estimated between $16,000,000 - $18,500,000 USD, this legendary racingcar was not the winner one in the famous movie but will certainly aim for first place in Sotheby’s RM Monterey auction, among other mythic racing cars such as a 1961 Aston Martin DB4GT Zagato but also a vintage 1927 Delage 15-S-8 Grand Prix.

Fully restored to its former glory, this 1970 Porsche 917K will embody the nostalgia of the racing cars aficionados during Sotheby’s RM three-day auction weekend (12th – 14th August) in Monterey, California.

Discover more upcoming Classic Cars on Lot-Art 》

Read the full article on The Daily Mail 》

Photo Credits: Patek Philippe. Patek Philippe Nautilus 5711 /1A-014.

Antiquorum Auctioneers presented an olive green Patek Philippe Nautilus 5711 /1A-014 to auction at the Monte Carlo Hotel de Paris in Monaco on the 21st July. Estimated between $60,000 and $180,000 USD, this watch was sold yesterday for $490,000 USD, including buyer’s premium.

First sold for a retail price of $35,000 in April, this olive-colored watch has succeeded in multiplying its retail price by 14 within only three months!

Discover more watches for sale on Lot-Art 》

Read the full article on WATCHPRO 》

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