Art Basel: The art of selling art... for the right price


By AGENCY

Family Portrait With Red Nose by German artist Hans-Peter Feldmann is on display at the international art show Art Basel, in Basel, Switzerland, 16 June 2015. Photo: EPA/Georgios Kefalas

The New York dealer Christophe Van de Weghe sold Untitled (P577), a swirling black-and-white 2009 enamel-on-linen painting by Christopher Wool, an abstract painter from an older generation who remains a market favourite. That work was priced at US$5.5mil (RM21mil) Skarstedt, with galleries in New York and London, sold Grosser Geist Nr. 6, a 10-foot (3m) steel sculpture from 1998 by Thomas Schutte, priced at about US$5mil (RM19mil).

Helly Nahmad, also based in New York and London, found a buyer for La Route du Pas-de-Calais, a 1963 painting of a man driving a car by Jean Dubuffet (1901-1985) and priced at about US$6mil (RM23mil). Ten years ago, it sold at auction for US$577,595 (RM2.1mil), but the market for works by Dubuffet, a pioneer of the French Art Brut movement, has been recalibrated by the US$24.8mil (RM94mil) paid for his Paris Polka painting at Christie’s in May.

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