Category Archives: Art News

Art Auction Market – How High Will It Go?

Christopher Wool record sale of painting by living American Artist

Christopher Wool’s Untitled (Riot), 1990, enamel on aluminum, 108 x 72 in., sold for $29,930,000 at Sotheby’s Contemporary Evening Sale.

I am interviewed in Robb Report August 2015 issue, providing insights into the record-breaking spring art auctions in New York.

At Christie’s, Pablo Picasso’s Les Femmes d’Alger became the most expensive artwork ever sold at auction ($179.4 million) and Alberto Giacometti’s Pointing Man became the costliest sculpture ($141.3 million).

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The Best of The Armory Show Art Fairs in New York 2015

The Armory Show NY Art Fair 2015 VIP Preview Featuring Dan Graham

Visitors during the VIP preview at The Armory Show experience a vast selection of art. On the right is Dan Graham’s “Triangular Pavilion”.

Check out my top picks of artworks from The Armory Show 2015 and other art fairs in New York. Enjoy the following photos!

As an art advisor, I travel to various art fairs such as Art Basel Miami Beach throughout the year, and have attended the annual Armory Show in New York many times. My trip last week to The Armory Show and other art fairs did not disappoint! I encountered terrific works of art for my clients, everything from affordable art by young artists, to blue-chip works by leading contemporary artists.

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Art That Doubles as Home Decor

Damien Hirst Spot Clock and Spin Chair

Damien Hirst’s Spot Clock, left, and Beautiful Manic Spin Chair PHOTO: F. MARTIN RAMIN/THE WALL STREET JOURNAL (CLOCK); OTHER CRITERIA/© DAMIEN HIRST & SCIENCE 2014

The Wall Street Journal interviewed art advisor Cheryl Perkey for this article, “No Frame Required: Art That Doubles as Home Décor”. Limited-edition home furnishings by fine artists can add a distinctive collectors’ sensibility to a space. You can bring works by some of the biggest names in contemporary art—from Damien Hirst to Cindy Sherman-into your home with functional, stylish (and relatively affordable) home decor multiples.

WSJ’s David Keeps reports “Jeff Koons’s multiples, in particular, have become trophies. In 1995, the artist released a signed edition of 2,300 porcelain plates and sold them through Los Angeles’s Museum of Contemporary Art for $250 each. On March 1, Los Angeles Modern Auctions expects to fetch between $10,000 and $15,000 for one.”

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Top 100 Living Artists

Jeff Koons Balloon Dog Art Auction Record Sale

Balloon Dog (Orange) by Jeff Koons is the the most expensive art work by a living artist ever to sell at auction, achieving $58,405,000 at Christies NY in 2013.

Which living artists have generated the highest total art auction records worldwide?

Check out the list Top 100 Living Artists, ranked by total secondary market sales from January 1, 2011 through April 30, 2014.

German artist Gerhard Richter holds the number one spot in this list, with 740 lots of his art works selling for a total of over $760 million, followed by Zeng Fanzhi (Chinese), Jeff Koons (American), Fan Zeng (Chinese) and Christopher Wool (American). Chinese artists occupy five of the top ten highest art auction records by sales volume.

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What’s Happening in Contemporary Art: NY Art Fairs 2014

The pulse of the art world is captured at the art fairs that take place in New York City in March every year. The Big Apple buzzes with excitement as throngs of art lovers flock to the art fairs to get a look at art from around the world, and collectors vie to acquire works by leading international artists and hot new talent.

The Armory Show, one of the world’s largest art fairs, is the main attraction, augmented by number of other fairs in NYC the same week, including ADAA The Art Show, Volta NY, and Scope NY.

Check out my photos below of some of the most remarkable artworks at the NY art fairs I attended.

What catches your eye? Feel free to contact Perkey Fine Art Advisor for the lowdown on art market trends and how to find the perfect art for you!

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NY Art Fairs: A Feast of Art in March During Armory Show 2013

The Armory Show 2013 New York Art Fair

The scene at The Armory Show 2013 in New York City.

Would you like to see highlights of one of the world’s largest contemporary art fairs?

I am excited to share top picks from my annual pilgrimage in March to New York City for The Armory Show, a massive fair featuring over 210 galleries from 30 countries, plus other art fairs happening in Manhattan during the same time.

It is a weeklong feast of art! Along with The Armory Show, I packed in visits to five other art fairs, including The Art Show of ADAA and Volta NY, attended several special art events and dropped by numerous galleries in NYC.

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Best Art Fairs 2013

The Armory Show in New York A Leading International Art Fair

The Armory Show in New York. Photo by Cheryl Perkey, Perkey Fine Art Advisor.

Where in the world is the best place to see contemporary art? Depends on the month! Throughout the year, major art fairs are staged in various cities around the globe. These fairs give art lovers the chance to see a huge diversity of art, all at one time, all at one place.

I am pleased to give you my recommendations for the top contemporary art fairs in 2013. Mark your calendar!

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Contemporary Art Sales Break Auction Records

Jackson Pollock Painting World Record Auction Price

Jackson Pollock’s Number 4, 1951, sold at Sotheby’s this week for $40.4 million, a record for the artist

The market for contemporary art is on a hot streak, as evidenced by back-to-back record smashing auctions this week at Sotheby’s and Christie’s in New York.

Sotheby’s Contemporary Art Evening Sale on November 13th reached the highest total of any auction category in Sotheby’s long history, raking in over $375 million (beating the firm’s previous record of $362 million set at Sotheby’s Contemporary Art Evening Sale in May 2008). World record auction prices were attained for five artists: Hans Hofmann, Arshile Gorky, Robert Motherwell, Wade Guyton and Jackson Pollock, with Pollock’s “Number 4, 1951,” selling for $40.4 million. A seminal large-scale 1954 painting by Mark Rothko was the top lot in the auction at $75.1 million.

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Monumental Reward Offered Following $10 Million Art Heist

Stolen Artwork Piet Mondrian

Piet Mondrian, Composition (A) En Rouge Et Blanc, 1936, is one of the artworks burglarized from the home of financier Jeffrey Gundlach. Photo courtesy Santa Monica Police Dept.

Famed bond fund manager Jeffrey Gundlach, hoping for the safe recovery of a prized $10 million art collection stolen from his Santa Monica home, is offering a huge reward totaling $1.7 million. The Los Angeles Times asked art advisor Cheryl Perkey to share her insights regarding the art world’s reaction to this whodunit. Read the full Los Angeles Times article.

ARTmageddon: Less Car. More Art!

An artful antidote to Carmageddon Los Angeles traffic Instead of stressing in traffic during Carmageddon II (the Los Angeles 405 Freeway closure on Sept. 29-30), why not stay in your neighborhood and enjoy some art? Walk, bike or metro to an art event near you this coming weekend for ARTmageddon, an artful antidote to Carmageddon. More than 100 artists, art organizations and community partners have teamed up for ARTmageddon.

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