THE MOST EXPENSIVE PAINTINGS FOR THE YEAR 2008

According to ArtPrice, the 50 most expensive sales in public auctions in 2008 were :

1 BACON Francis $ 77,000,000: «Triptych» (1976) 14 May (Sotheby’s New York)
2 MONET Claude £ 36,500,000: Le bassin aux nymphéas (1919) 24 June (Christie’s London)
3 MALEVICH Kasimir Sevrinovitch $ 53,500,000: Suprematisch Composition (1919) 03 Nov. (Sotheby’s Ndew York)
4 BACON Francis £ 23,500,000: «Untitled» (1974/77) 06 Feb. (Christie’s London)
5 ROTHKO Mark $ 45,000,000: «No.15» (1952) 13 May (Christie’s New York)
6 MONET Claude $ 37,000,000: Le Pont du chemin de fer à Argenteuil (1873) 06 May (Christie’s New York)
7 BACON Francis £ 17,800,000: «Study of Nude with Figure in a Mirror» (1969) 27 Feb. (Sotheby’s London)
8 LÉGER Fernand $ 35,000,000: «La Femme en Bleu» (1912/13) 07 May (Sotheby’s New York)
9 MUNCH Edvard $ 34,000,000: Vampire (1894) 03 Nov. (Sotheby’s New York)
10 DEGAS Edgar $ 33,000,000: Danseuse au repos (c.1879) 03 Nov. (Sotheby’s New York)
11 BACON Francis £ 15,400,000: Studies for Self-Portrait (1975) 30 June (Christie’s London)

12 FREUD Lucian $ 30,000,000: Benefits Supervisor Sleeping (1995) 13 May (Christie’s New York)
13 WARHOL Andy $ 29,000,000: Double Marlon (1966) 13 May (Christie’s New York)
14 MUNCH Edvard $ 27,500,000: Girls on a Bridge (1902) 07 May (Sotheby’s New York)

15 SEVERINI Gino £ 13,420,000: «Danseuse» (1915) 25 June (Sotheby’s London)
16 BACON Francis $ 25,000,000: «Three Studies for Self-Portrait» (1976) 13 May (Christie’s New York)
17 GIACOMETTI Alberto $ 24,500,000: Grande femme debout II (1959/60) 06 May (Christie’s New York)
18 BACON Francis £ 12,270,000: «Head of George Dyer» 01 July (Sotheby’s London)
19 DEGAS Edgar £ 12,000,000: Danseuses à la barre (c.1880) 24 June (Christie’s London)
20 KOONS Jeff £ 11,500,000: Balloon Flower (Magenta) (1995/2000) 30 June (Christie’s London)
21 WATTEAU Jean Antoine £ 11,000,000: La surprise: A Couple embracing while a figure dressed as Mezzetin Tune 08 July (Christie’s London)
22 MARC Franz £ 11,000,000: Weidende Pferde III (1910) 05 Feb. (Sotheby’s London)
23 KLEIN Yves $ 21,000,000: MG 9 (c.1962) 14 May (Sotheby’s New York)
24 FREUD Lucian £ 10,500,000: Naked Portrait with Reflection (1980) 30 June (Christie’s London)
25 WARHOL Andy £ 10,200,000: Self-portraits (1986) 27 Feb. (Sotheby’s London)
26 MATISSE Henri $ 20,000,000: Portrait au manteau bleu (1935) 06 May (Christie’s New York)
27 KLEIN Yves $ 19,000,000: Archisponge (RE 11) (1960) 11 Nov. (Sotheby’s New York)
28 GRIS Juan $ 18,500,000: Livre, pipe et verres (1915) 06 Nov. (Christie’s New York)
29 FONTANA Lucio £ 9,200,000: «Concetto Spaziale, la fine di Dio» 27 Feb. (Sotheby’s London)
30 PICASSO Pablo $ 17,100,000: La grue (c.1951/52) 07 May (Sotheby’s New York)

31 RODIN Auguste $ 16,900,000: Eve, grand modèle-version sans rocher (1881) 06 May (Christie’s New York)
32 GIACOMETTI Alberto £ 8,420,000: Trois hommes qui marchent I (1948) 25 June (Sotheby’s London)
33 JAWLENSKY von Alexej £ 8,400,000: Schokko (c.1910) 05 Feb. (Sotheby’s London)
34 HIRST Damien £ 9,200,000: The Golden Calf (2008) 15 Sept. (Sotheby’s London)
35 PICASSO Pablo $ 16,000,000: Deux personnages (Marie-Thérèse et sa soeur lisant) (1934) 06 Nov. (Christie’s New York)
36 MORAN Thomas $ 15,800,000: Green River of Wyoming (1878) 21 May (Christie’s New York)
37 KLEIN Yves $ 15,500,000: IKB 1 (1960) 14 May (Sotheby’s New York) 38 PICASSO Pablo $ 15,500,000: Le baiser (1969) 07 May (Sotheby’s New York)
39 HIRST Damien £ 8,500,000: The Kingdom (2008) 15 Sept. (Sotheby’s London)
40 MIRO Joan $ 15,200,000: La caresse des étoiles (1938) 06 May (Christie’s New York)
41 KANDINSKY Wassily $ 15,000,000: Studie zu Improvisation 3 (1909) 06 Nov. (Christie’s New York)
42 RICHTER Gerhard £ 7,100,000: Kerze (1983) 27 Feb. (Sotheby’s London)
43 FONTANA Lucio £ 8,000,000: Concetto Spaziale, la fin di dio (1963) 19 Oct. (Christie’s London)
44 PICASSO Pablo £ 7,020,000: Tête de femme (1939) 25 June (Sotheby’s London)
45 RICHTER Gerhard $ 13,500,000: Abstraktes Bild (1990) 14 May (Sotheby’s New York)
46 MURAKAMI Takashi $ 13,500,000 : My Lonesome Cowboy (1998) 14 May (Sotheby’s New York)
47 MONET Claude £ 6,820,000: La plage à Trouville (1870) 25 June (Sotheby’s London)
48 RICHTER Gerhard $ 13,200,000: Abstraktes Bild (710) (1989) 12 Nov. (Christie’s New York)
49 PICASSO Pablo £ 6,600,000: Tête de femme (1938) 05 Feb. (Sotheby’s London)
50 RENOIR Auguste £ 6,600,000: La loge ou L’avant-scène (1874) 05 Feb. (Sotheby’s London)

THE ART MARKET LEADERS 2008

According to Artprice, the Top 10 ranking art market heavyweights in 2008 were :
1 – Pablo PICASSO (1881-1973) with a total of sales of $262m for 1,764 Sold Lots at public auctions or an average value per sale of 148,000 dollars
2 – Francis BACON (1909-1992) with a total of sales of $256m for 100 Sold Lots or an average value per sale of $ 2.56 million
3 – Andy WARHOL (1928-1987) with a total of sales of $236m for 1,164 Sold Lots or an average value of $ 202,000

4 – Damien HIRST (1965) with a total of sales of $230m for 445 Sold Lots or an average value of $ 516,000
5 – Claude MONET (1840-1926) with global sales of $174m for 25 Sold Lots or an average value of $ 6.96 million
6 – Alberto GIACOMETTI (1901-1966) with global sales of $132m for 111 Sold Lots or an average value of $1.18 million
7 – Gerhard RICHTER (1932) with global sales of $122m for 166 Sold Lots with an average value of $ 734,000
8 – Edgar DEGAS (1834-1917) with global sales of $111m for 81 Sold Lots with an average value of $ 1.3 million
9 – Lucio FONTANA (1899-1968) with global sales of $95m for 227 Sold Lots with an average value of $ 418,000
10 – Yves KLEIN (1928-1962) wtih global sales of $91m for 59 Sold Lots with an average value of $ 1.54 million

RENE MAGRITTE : SOUVENIR DE VOYAGE

René François Magritte (21 November 1898 – 15 August 1967) painted this Souvenir de Voyage (actually the Leaning Tower in Pisa, Italy). It is an oil on canvas measuring 40 by 30cm and painted in 1958. Harry Torczyner, a native of Antwerp and a lawer in Belgium before fleeing the Nazis and coming to the United States, commissioned it from the artist and it was later acquired from the above in 1962 by the Bodely Gallery in New York.

Magritte was a Belgian surrealist artist and became well-known for a number of witty and thought-provoking images.

In 1912, his mother committed suicide by drowning herself in the river Sambre. Magritte was present when her body was retrieved from the water. The image of his mother floating, her dress obscuring her face, influenced a series of paintings of people with cloth obscuring their faces, including Les Amants, but Magritte obviously disliked this explanation.

In 1926, Magritte produced his first surreal painting, The Lost Jockey (Le jockey perdu), and held his first exhibition in Brussels in 1927. Critics heaped abuse on the exhibition. Depressed by the failure, he moved to Paris where he became friends with André Breton, and became involved in the surrealist group. Magritte died of pancreatic cancer on August 15, 1967 and was interred in Schaarbeek Cemetery, Brussels.

This picture reached at auction on the 3rd of February 2009 the sum of 746,850 GBP ($1,07 million) vs. an estimate of 400,000—600,000 GBP (price with Buyer's Premium).

OSKAR KOKOSCHKA : ISTANBUL I

This painting by Oskar Kokoschka (1886-1980) was made in 1929 and it is an oil on canvas representing the port of Istanbul (Turkey). It measures 31.6 x 43.6 in. / 80.3 x 110.8 cm and was acquired from the artist in 1930 by the Galerie Paul Cassirer, Berlin, then transferred to N. V. Amsterdamsche Kunsthandel Paul Cassirer & Co., Amsterdam in April 1931.

Oskar Federer , director general of the Vitkovice iron and mining company, from Ostrava (Czechoslovakia) acquired it from the above through Neue Galerie, Vienna, in 1933. In 1939, he managed to leave the Nazi-held Czechoslovakia when his wife and children already were safely in Canada. However, he could smuggle out only four of his favourite paintings, leaving behind a precious collection of works by European masters.

Istanbul I was Seized by the Nazis in 1939 as "entartete kunst" (degenerate art) and sold to the Galerie Vytvarného Umenì, Ostrava, in November 1943. Federer grandson, Andrew, a Toronto-based banker who works for the Canadian Imperial Bank of Commerce, failed to regain the paintings that remained in the Czech Republic in the 1990s because legislation at that time allowed only restitution of property confiscated after the 1948 Communist takeover. A new law, passed in 2000, allowed for art stolen by the Nazis to be claimed by the original owners or their heirs. It was restituted to the heirs of Oskar Federer in 2007.

Oskar Kokoschka (1 March 1886 – 22 February 1980) was an Austrian artist, poet and playwright, best known for his intense expressionistic portraits and landscapes and his passionate affair with Alma Schindler, widow of composer Gustav Mahler and ex-wife of Walter Gropius, founder of the Bauhaus.

Kokoschka became a British citizen in 1946 and only in 1978 would regain Austrian citizenship. He travelled briefly to the United States in 1947 before settling in Switzerland, where he lived the rest of his life.

Kokoschka had much in common with his contemporary Max Beckmann. Both maintained their independence from German Expressionism, yet they are now regarded as its supreme masters, who delved deeply into the art of past masters to develop unique individual styles.

Estimated by Sotheby's between 1,200,000—1,800,000 GBP, it sold with Buyer's Premium for 1,49 million GBP ($2,15 million) on 3rd of February 2009.

PABLO PICASSO : TETE D'HOMME BARBU

This Tête d'homme barbu signed 'Picasso' (upper left), dated '5.6.65.II' (on the reverse) is an oil on canvas measuring 18 1/8 x 15 in. (46 x 38.1 cm).

It was last sold in June 2007 by Christie's for 423,200 GBP in London (839,206 dollars at the time) but it reached yesterday 3rd of February 612,450 GBP (884,000 dollars at current exchange price)in an auction sale by Sotheby's. American and European investors can clinch very good deal given the current situation of the British Pound vs. the dollar and the Euro.

Sotheby's had conservatively estimated the picture between 350,000 and 450,000 GBP. Picasso (1881-1973) painted several bearded men. One of the few men that Picasso regularly saw in his final years was his chauffeur Maurice Bresnu, who joined the Picasso household with his wife in early 1965. He served Picasso to the end of the artist's life and assisted his widow Jacqueline thereafter.

Tête d'homme barbu belongs to a series of paintings of busts and heads executed in Mougins in late May and June 1965, several of which share the same Bresnu-like characteristics of the beard and tight black curls. Picasso's overriding preoccupation in this series seems to be the simplification of form, and his ability to portray both features and the individual with a few choice brushstrokes is superbly conveyed. Or maybe it is just that his talent was weaning out, his patience for hard work slowing down or his appetite for quick money unrelenting.