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As a practical solution, the contract did not question the limits of capitalism and its private property; it just shifted the balance of power in favor of the artist over some aspects of a work of art once it was sold.” [3] In 1987, Hans Haacke's “On Social Grease” was resold at a Christie's auction under the Artist's Contract. The ...
In 2020, Sotheby's overtook Christie's as the world's top auction house for the first time since 2011, with over $5 billion in aggregate sales compared to its rival's $4.4 billion. [ 56 ] As of late 2021, Drahi's son, Nathan Drahi, was the managing director of Sotheby's Asia.
Over a three-day sale in Paris in February 2009, Christie's auctioned the monumental private collection of Yves Saint Laurent and Pierre Bergé for a record-breaking 370M euros. [64] It was the most expensive private collection ever sold at auction, [65] breaking auction records for Brâncuși, Matisse, and Mondrian. [64]
Following the auction in 2022 of a new version of “Blowin’ in the Wind” that sold to a bidder for $1.8 million, three more re-recordings Bob Dylan has made of his classic songs with producer ...
An art auction at Christie's. The art market is the marketplace of buyers and sellers trading in commodities, services, and works of art.. The art market operates in an economic model that considers more than supply and demand; it is a market where art is bought and sold for values based not only on a work's perceived cultural value, but on both its past monetary value as well as its predicted ...
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