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Arts auction house Christie’s 2011 art sales hit record

A fine arts auction house Christie’s on Sunday announced 2011 sales of £3.6 billion / US$5.7 billion, compared with 2010. The London-based auction house sold 3.6 billion pounds.

Christie’s, the world’s largest auctioneer, saw its global art sales drop to 2.1 billion pounds in 2009 from 3.1 billion two years early. According to the London-based auction house the private sales away from the buzz and publicity of the salerooms jumped 44 percent last year to 502 million pounds. Steven P. Murphy, Chief Executive Officer, Christie’s said: “Christie’s ability to curate and offer sales of art to a growing audience has led to continued demand across geographies, collecting categories and at all levels. This is a very encouraging set of results”.

Post-War and Contemporary led the art categories with auction sales with with sales of 736 million pounds $1.2 billion. The second category was Asian Art which increased by 15% $ and totaled record annual sales of $890.1 million and the most lucrative category, contributing 735.7 million pounds at public sales, an increase of 22 percent. Contemporary art has topped auctions at Christie’s. The highest price of the year at Christie’s was for Roy Lichtenstein’s “I Can See the Whole Room!…and There’s Nobody in it!” an auction record for the artist.

Christie’s is an art business and a fine arts auction house. Christie’s was a public company, listed on the London Stock Exchange from 1973 to 1999, after which it was taken into private ownership by Frenchman François Pinault. Christie’s main London salesroom is on King Street in St. James’s. It has a second London salesroom in South Kensington and primarily handles the middle market. Christie’s South Kensington is one of the world’s busiest auction rooms.

February 15, 2012 Posted by | Art, News | , , , , , , , , | Leave a comment

Victor Pinchuk Foundations Future Generation Art Prize 2012 announced

A new $100,000 prize for artists under the age of 35 is being announced by the Victor Pinchuk Foundation. Nicholas Serota, the director of the Tate, Richard Armstrong, the director of the Soloman R. Guggenheim Foundation, artists Da mien Hirst and
Jeff Koons, and the Ukrainian collector Victor Pinchuk, who is the chairman of the board for the prize. It was established by the Victor Pinchuk Foundation and is organised by the Pinchuk Art Centre.

It was established by the Victor Pinchuk Foundation in order to discover, recognize and give long-term support to emerging artists. Hirst, Koons, Marcelle, Armstrong, Serota and Pinchuk launched the prize in a webcast yesterday, a suitably futuristic medium for launching a prize which has its sights firmly fixed on what is to come. Application for the prize is open to artists of all nationalities, styles and mediums. Entry is open to artists up to the age of 35. Applications available online from February 6 to May 6, 2012.

The winner will receive a total of $100,000: $60,000 as a cash award, and $40,000 toward the production of new work. An additional $20,000 will be allocated to fund artist-in-residency programmes for up to five other prize-winners. The best get advice and resources for new work and a chance to present themselves to the world. The Cinthia Marcelle was last year’s prize-winner. Twenty short-listed artists will be announced on June 22 and receive an exhibition at the Pinchuk Art Center in Kiev. Their works will be posted online and a winner will be announced in December along with up to five runners-up.

Pinchuk. Richard Armstrong said: “Everybody can apply, from everywhere. The best get advice and resources for new work and a chance to present themselves to the world. For me this is an exciting social investment, creating inspiration for societies.”

February 15, 2012 Posted by | Art, News | , , , , , , , , | Leave a comment

Walker Babington utilizes unconventional tools for art

Walker Babington utilizes unconventional tools for art.

Walker Babington creates work on canvases of discarded wood and metal. Walker Babington lives in San Francisco, California from Annapolis, Maryland. He studied at International Stunt School. Babington studied photography in college, but left just short of his degree.

Walker Babington uses to make his art with blow torches, a flame thrower, a metal grinder, an ice pick, old forks and knives, and melted crayons. Walker uses scrap pieces of wood, discarded doors, and cast-off metal parts from an array of items, including his old Chevy Suburban.

“I do art and kind of live art. It’s just as much about the artist as it is about the art. Being wacky and doing crazy things, moving everywhere…the more preposterous my life is the better my art sells…the more people are interested,” said Walker Babington.

Walker Babington burns, rusts and scratches these surfaces to make portraits and pictures. Walker’s fire-centric art he calls “pyrography” or “torchtraiture.” Babington fell into this unique form of destructive creativity accidentally. He’s lived in art collective in San Francisco and sold his work by the roadside in Costa Rica. Babington’s art is voraciously modern, traditionally classic, and resourcefully futuristic.

February 12, 2012 Posted by | Art, News | , , , | Leave a comment