ART + ECONOMY @ THE FAIR BOOTHS: AN ART BASEL SALES REPORT

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The pace of sales at the latest edition of Art Basel continued at a fast and furious pace on the second day of the fair, as numerous galleries reported major sales of blue-chip works in the six- and sometimes seven-figure range.

Here is a recap of sale highlights from day. Prices are listed where dealers provided them to artnet News.

Thomas Eggerer Grey Harvest 2013 Acrylic and oil on canvas 107 x 90 inches 271.8 x 228.6 cm (TE 13/014) Credit for all images: Courtesy of the artist and Petzel, New York.

New York’s Petzel gallery sold a painting by Thomas Eggerer, Grey Harvest(2013), for $100,000, and a Wade Guyton U Sculpture (v. 7) (2007) for $490,000.

The gallery also placed: a painting by Sean Landers, famous for his depictions of flannel coated animals in the wild, for $100,00; a painting by Charline Von Heyl for $150,000; a graphite sculpture by Adam McEwen for $100,000; and various glass lamp sets by Jorge Pardo at prices ranging from $85—100,000.

Thomas Schütte, Großer Geist Nr. 6 (1998).  Image: Courtesy of the artist and Skarstedt Gallery

In addition to several sales reported on the first daySkarstedt gallery added Thomas Schütte’s Grober Geist Nr 6 (1998) to the list of sold works for a hefty $5 million.

Another George Condo painting, titled, The Madman (2005), also sold on an asking price of $650,000.

Ha Chonghyun,  Conjunction 92-99  (1992).   Image: Courtesy of the artist and Blum & Poe, Los Angeles.

Los Angeles gallery Blum & Poe also reported a fresh round of sales, including an oil on canvas by Ha Chonghyun, titled, Conjunction 92–99(1992) that went for $220,000 as well as two more works by Lee Ufan that went for $1,100,000 and $900,000 respectively.

Three works by artist Kwon Young-woo sold for $55,000, $80,000, and $130,000 respectively.

Allan D'Arcangelo,  Marilyn  (1962). Image: Courtesy of Mitchell-Innes & Nash, NY.  © Estate of Allan D'Arcangelo/Licensed by VAGA, New  York, NY.

Among sales at New York gallery Mitchell-Innes & Nash were Allan D’Arcangelo’s Marilyn (1962), in the range of $500,000.

Among numerous other sales were a Roy Lichtenstein work on paper that sold in the range of $150,000, Karl Haendel’s Extremely Attractive, Socially Conscious, Abidingly Wed (2015), pencil on folded paper, which sold for about $10,000; and a sculpture by Amanda Ross-Ho that sold in the same price  range.

Works by more established artists that sold included a 1955 Lucio Fontanapainting, which sold within range of its $400,000 asking price.

Fergus McCaffrey, who operates galleries in New York, and St. Barth’s sold a dozen works by the second day, from his selection of postwar Japanese artists juxtaposed with Italian avant-garde artists from the same period. Prices ranged from $25–$650,000. The gallery said that most of the buyers were new clients.

Hauser & Wirth, which has spaces in Zurich, New York, and London, sold several Louise Bourgeois sculptures at prices above $2 million each, as well as work by Isa Genzken, Ron Mueck, Zhang Enli, Rashid Johnson, and Pipilotti Rist.

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