I get a laugh sometimes when I review auction terms and conditions. I get an even bigger chuckle when I see that the terms and conditions of the auction are to be enforced strictly but the property descriptions are to be interpreted subjectively.
Path to Abstraction Wassily Kandinsky’s Murnau – Landschaft mit grünem Haus. An expressionist masterpiece by the pioneer of abstract art appearing at auction for the first time as part of Sotheby’s Impressionist & Modern Art Evening Sale London, 21 June 2017.
“Untitled,” a Basquiat painting from 1982, sold for $110.5 million at Sotheby’s auction on Thursday night in New York, according to The New York Times.
Sotheby’s will offer eight rare panels from the legendary ocean liner, the S.S. Normandie, in its June 6 auction of Important Design in New York. The panels will be on public exhibition from June 2-5 at Sotheby’s New York.
From the Forbes family collection, the reverse-glass panels – with an estimated value of about US$1mil -- are part of the History of Navigation mural, designed by French artist Jean Dupas, originally installed in the luxury voyageur’s Grand Salon.
Art Stage Jakarta will open its doors for the second edition of the fair from 11 - 13 August 2017. According to a press release, all "major" Indonesian galleries will be exhibiting "exclusively" at the second annual fair.
The organisers cite the participation of "Indonesia's top six galleries" and some of the artworks they will be presenting at the fair.
As auctioneers, two distinct situations arise periodically in regard to property being sold:
- A bidder becomes the buyer and he refuses to pay for his purchase.
- A seller refuses to convey the property after a bidder becomes the buyer.
The immediate thinking typically is that in either situation there is a breach of contract. Indeed there is a breach. Today’s topic is what recourse does either party have?
In the upcoming May 18 sale in New York, Sotheby’s Contemporary Art Evening Auction will be led by Jean-Michel Basquiat’s Untitled from 1982, a monumental masterpiece that has been virtually unseen since it last appeared on the market in May 1984.
On May 16, Sotheby's New York Evening Sale of Impressionist & Modern Art will be led by Egon Schiele’s first masterpiece: Danaë, painted in 1909 when the artist was 19 years old.
Daring in its technique, the work offers the earliest expression of Schiele's extraordinary vision. Danaë is distinguished further as the artist’s first major oil painting of a female nude, heralding the revolutionary aesthetic his art would develop over the next decade, until his untimely death at the age of 28.
Sotheby’s Hong Kong Gallery will stage a selling exhibition of Chinese contemporary artist Cai Xiaosong from May 5-19.
Entitled, Perception: Cai Xiaosong, the show features 29 works and include the artist’s new ink landscape painting series entitled Song – Perception which is said to mark a decisive transition in his art.
We have written before about bidders who are drugged or otherwise mentally impaired.
Today, we explore the rights (if any) a high bidder may have if someone drunk or otherwise impaired bids against him.
We broached this subject about a year ago here: https://mikebrandlyauctioneer.wordpress.com/2016/05/05/auction-bidder-drunk-high-or-otherwise-impaired/