Quantifying the art market: a transparent process?

By Artkhade with Art Media Agency

Paris, 17 April 2014,

Quantifying the art market: a transparent process?

In art, a quantitative approach is often given bad press. Those who pursue analyses based on value are often accused of relegating the importance of art works themselves – reducing them to mere financial assets. A number of dealers pretend to ignore the industry’s financial side, placing a stronger emphasis on the aesthetic or emotional aspect of their work. The reality of the market, however, means that financial considerations remain – and are increasingly – a vital component of the art world.

Art has often sought to avoid an association with finance and has, in part, succeeded. A work of art – even one considered to have little financial worth – is capable of attaining a very personal value which a treasury bond will never reach. Yet, in the context of an increasingly liquid market affected by ongoing inflation, information is key; thus, the importance of accurate data sources becomes increasingly important.

In the 1990s, a number of data specialists used the development of the [.../...]

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Tags: Native American Art, Aboriginal Art, Pre-Columbian Art, Asian Art, Oceanic Art, African Art, Art Market


Second part of the Allan Stone Collection to be auctioned at Sotheby's

By Artkhade with Art Media Agency

New York, 28 March 2014, Art Media Agency (AMA).

Second part of the Allan Stone Collection to be auctioned at Sotheby's

The second session of the sale of the collection of Allan Stone is to take place on 16 May at Sotheby’s New York.

It is to present works of African, Pre-Colombian, and Native American art. The first session of pieces collected by the famous art dealer took place in November 2013, achieving $11,489,750 — one of the most significant totals for an auction of African and Oceanian art, with a sell-through rate of 94%. The auction’s major lot, a sculpture of a Songye Power Figure from the Democratic Republic of the Congo, was sold to the Dallas Museum of Art for $2,165,000.

Allan Stone (1932-2006) acquired his first Nkisi sculpture in 1954, while he was still a student. In 1960 he opened a gallery in New York, where he juxtaposed African sculpture with artworks by Willem de Kooning, Franz Kline, Joseph Cornell, John Graham, John Chamberlain and Arman, engendering dialogue and exchange between the two. Over the course of the decades that followed he [.../...]

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Tags: Oceanic Art, African Art, Art Market


From Primitive to Prosperous: the Complicated Rise of Tribal Art

By Artkhade with Art Media Agency

Paris, 10 September 2013

From Primitive to Prosperous: the Complicated Rise of Tribal Art

Tribal Art has witnessed a long and complex evolution, with European art history oscillating wildly in its attitude to the genre. Once referred to pejoratively as ‘primitive art’, tribal art has since been recognised for the important influence it had on the works of Expressionist, Surrealist and Cubist artists. Now, the field is recognised as rich and diverse, with museums, galleries and collectors across the globe placing an important focus on the works of indigenous peoples from Africa, North America and Oceania. Artkhade with Art Media Agency examined the platforms which are specialising in the genre today, looking at the presence of Tribal Art in Galleries, Museums, at auction houses and in dealerships.

A Slow Rise to Success

‘Primitive art’ is now recognised as a dismissive term, connoting an outdated Euro-centric attitude which coincided with the height of imperialism, colonialism, and the exploitation of countries by the West. The title connoted the belief that [.../...]

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Tags: Aboriginal Art, Asian Art, Pre-Columbian Art, Oceanic Art, African Art, Art Market, Events, Fairs & Shows


Sale of Allan Stone Collection at Sotheby's

By Artkhade with Art Media Agency

New York, 16 July 2013

Vente de la Collection Allan Stone chez Sotheby's

On 15 November, Sotheby’s will conduct the sale of a first part of the Allan Stone Collection, including African, Oceanic and Indonesian art. The second part of the sale will be organised in November 2014.

300 works belonging to the art trader from New York will be offered on auction, thus forming an ensemble estimated at over $20m. Sotheby’s announced that this sale will be the biggest organised in New York since the sale of Helena Rubinstein in 1966. Among the most notable pieces will be sculptures by Songye and Kongo from the Democratic Republic of Congo, including a figure representing the Songye community (79 cm), estimated at more than $1m. Some original works from Nigeria, Cameroun and Mali will also be part of the sale.

A selection of these lots will be exhibited in Paris from 10 to 15 September, on the occasion of the event titled “Parcours des Mondes” (Around the World).

Tags: Asian Art, Oceanic Art, African Art, Art Market


New record for the African and Oceanic art department at Christie's Paris

By Artkhade with Art Media Agency

Paris, 25 June 2013

African and Oceanic Art Christie's Collection Jolika

The sale of African and Oceanic art, held on 19 June at Christie’s Paris, made a total turnover of €7.896m, which is the best result ever for the department.

An important part of the record belongs to the Jolika Collection (Fine Arts Museum of San Francisco), which made $3.172m, becoming the most important collection of Oceanic art ever to be sold on auction. It is also worth noticing that the world record for a piece of Oceanian art was established with the sale of a Biwat Ridgepole Figure, issued from Mid-Yuat, Bas-Sépik, Papoua New Guinea, purchased for €2.505m, far beyond its high estimate of €1m.

In addition, a “Baga Snake” Bansonyi, issued from the Republic of Guinea, was sold for €2.337m and established a new record for Baga art.

Tags: Oceanic Art, African Art, Art Market


Moderate results for African art sale at Sotheby's

By Artkhade with Art Media Agency

Paris, 19 June 2013

Moderate results for African art sale at Sotheby's

On Tuesday 18 June 2013, Sotheby’s Paris held a sale devoted to African art. The session made a turnover of €3.7m, which was much lower than its previous estimates, between €5m and €7m. In addition, almost a half of lots remained unsold (64/120). Lots issued from the Françoise and Jean Corlay collection, featuring pieces originated mainly from Kongo, proved the most unsuccessful.

Among sold lots: an androgynous statue sold for €340,000, below its lowest estimate of €350,000; Songye head rest purchased for €420,000 much beyond its estimation between €120,000 and €180,000.

Finally the auction’s highlight, Yoruba Royal couple (Nigeria) remained unsold. Indeed, bids stopped at €880,000, while its estimation (on demand) was €1m.

Tags: African Art, Art Market


Oceanic and African art on sale at Native

By Artkhade with Art Media Agency

Brussels, 4 June 2013

Vente d'Art Océanien et Africain chez Native

On 8 June 2013, auction house Native will be organising a sale of African and Oceanic items in Brussels.

Among the highlights of the session, let us mention a 16th-century Dogon altar piece from Mali, estimated between €20,000 and €30,000, a Senofu female figure from Ivory Coast, collected before 1940, also estimated between €20,000 and €30,000, Dan masks from Ivory Coast (from €2,000 to €10,000) and a Kanak roof finial, estimated between €10,000 and €15,000. Among other pieces from Oceania is a hei tiki pendant from New Zealand.

Finally, a major lot comprised of an ensemble of lime spatulas from Papua New Guinea, estimated between €800,000 and €1.2m.

Tags: Oceanic Art, African Art, Art Market


Bonhams New York sees highest price for a Polynesian piece at auction during Tribal Arts Week

By Artkhade

New York, 17 May 2013

Bonhams presents African, Oceanic and Pre-Columbian Art

A rare canoe prow from the Maquesas Islands soared past its pre-sale estimate of $8,000-12,000 to sell for $70,900 dollars at Bonhams May 15 African, Oceanic & Pre-Columbian Art auction at the Madison Avenue salesroom. It was the highest price realised for any Polynesian work of art at auction during Tribal Arts Week in New York.

Decorated with a classic Marquesan tiki figure, the wooden prow – or 'au 'au – would have been attached to the bow of a canoe. Marquesan 'au 'au show carved tiki figures seated and pushed backwards, as if by acceleration, and were primarily intended to be seen in profile as canoes sped through the water.

"This particular Marquesas prow is covered in linear tattooing and has especially naturalistic proportions, including fully articulated legs, which is very rare," explained Bonhams African, Oceanic & Pre-Columbian Art Consultant, Fredric Backlar. "I always felt strongly that it was an exceptional example, and I am pleased bidders agreed."

The auction attracted [.../...]

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Tags: Pre-Columbian Art, Oceanic Art, African Art, Art Market


Extremely rare architectural figure from Angola offered at Bonhams New York

By Artkhade

New York, 13 May 2013

Bonhams presents African, Oceanic and Pre-Columbian Art

An extremely rare Chokwe architectural female figure from Angola dating to the early 20th century will lead Bonhams African, Oceanic & Pre-Columbian Art auction on May 15 at the Madison Avenue salesroom (est. $90,000-120,000). Field-collected by Jacques Kerchache, the female figure, covered in ritualistic scarring, and has been widely published and featured in notable museum exhibitions. The well-sculpted head utilises black surfaces on the overall background of red to emphasise several important elements: the striped headdress, long eyebrows, coffee-bean eyes, and widened mouth, all of which has been enhanced with a white pigmentation, a symbol of authority in the Chokwe culture. Standing nearly four feet high, the impressive specimen would have been a part of an aristocratic household. Another superb example of the female form is a Baule Female Figure from the Ivory Coast (est. $20,000-30,000). Most likely carved in the 19th century or earlier, this stylized piece has an exceptional and highly [.../...]

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Tags: African Art, Oceanic Art, Pre-Columbian Art, Art Market


Christie's presents African and Oceanic Art

By Artkhade with Art Media Agency

Paris, 5 May 2013

Christie's presents African and Oceanic Art

On 19 May 2013, Christie’s Paris will be organising a sale devoted to African and Oceanic art.

117 lots will be on offer, estimated between €3.7m and €5.9m, including numerous pieces issued from the Celeste and Armand Bartos Collection. Among the highlights of the sale, let us mention an iconic Baga serpent from the Republic of Guinea, estimated between €800,000 and €1.2m; a Fang Head from Gabon, issued from the Charles Ratton Collection, estimated between €300,000 and €500,000.

Bidders will also be able to attend the dispersion of the Jolika Collection, built throughout the course of four decades by Marcia and John Friede and comprised of over 300 works: it is deemed one of the most important New Guinean art collections.

A selection of fourteen items of African art will be offered by the Art Institute of Chicago, with for instance a Baga D’mba headdress, estimated between €400,000 and €800,000.

A major Canadian collection will put on offer Royal Baham from Cameroon, a Commemorative [.../...]

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Tags: Oceanic Art, African Art, Art Market