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DGAP-Media / 2019-03-29 / 07:00
*artnet Auctions Achieves Record Results in its Latest Contemporary Art
Auction*
Erik Parker's _Untitled (Ants Were Your From Its Where You're At)_ sets a
new auction record
Berlin/New York, March 29, 2019-artnet is pleased to announce results for
_Contemporary Art, _an online-only auction which closed this week.
Outstanding prices were achieved for the top two lots: Carlos Cruz-Diez's
_Physichromie 1624_ (2010) sold for $264,000, and an untitled wall sculpture
from 2013 by Anish Kapoor achieved $300,000.
A new world record was also set for New York-based artist Erik Parker.
_Untitled (Ants Were Your From Its Where You're at) _(2003) tripled its
estimate, selling for $57,600. Featuring his signature bright color palette
and architectural framework, this large-scale painting generated an
impressive 25 bids.
Also among the highlights is a work by Shara Hughes, who was a standout in
the 2017 Whitney Biennial. Her imaginary landscapes and ambiguous
perspectives are illustrated in _Stairs Upstairs_ (2007), which realized
$38,400, against an estimate of $15,000-20,000.
"The quality and rarity of works offered, coupled with thorough research on
their provenance and history, has proven once again to be the key to success
on our platform. Bidders from around the world participated and competed in
the sale, and in light of this success, we are already planning with
excitement our next month of auctions," said Bibi Naz Zavieh, artnet's
senior specialist in contemporary art. In the fourth quarter last year,
revenue for the Auctions segment increased by 43% to $1,249,000, as compared
to the same quarter in 2017.
On the heels of this success, artnet Auctions has kicked off their spring
Premier sales with _Prints & Multiples _and _Photographs_. These anticipated
sales are live for bidding now and include works by influential artists,
such as Andy Warhol, Cy Twombly, and Cindy Sherman. Next month, the Premier
sales continue with _Contemporary Art_-the deadline to submit works is April
16, 2019. Collectors can view live sales and submit artworks to upcoming
sales at artnet.com/auctions/sales-calendar/ [1].
For more information, please contact auctions@artnet.com or visit
artnet.com/auctions [2].
*About artnet *
artnet is the leading resource for buying, selling, and researching art
online. Founded in 1989, artnet's suite of industry-leading products has
revolutionized the way people collect art today. The Price Database contains
over 12.5 million auction results from more than 1,800 auction houses dating
back to 1985, providing an unparalleled level of transparency to the art
market. The Gallery Network platform connects leading galleries with
collectors from around the world, offering the most comprehensive overview
of artworks for sale. artnet Auctions was the first dedicated online
marketplace for fine art, providing a seamless and efficient collecting
experience for both buyers and sellers. artnet News covers the events,
trends, and people shaping the global art market with up-to-the-minute
analysis and expert commentary.
artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange,
the segment with the highest transparency standards.
ISIN: DE000A1K0375
LEI: 391200SHGPEDTRIC0X31
End of Media Release
Issuer: artnet AG
Key word(s): Art
2019-03-29 Dissemination of a Press Release, transmitted by DGAP - a service
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Language: English
Company: artnet AG
Oranienstraße 164
10969 Berlin
Germany
Phone: +49 (0)30 20 91 78 -0
Fax: +49 (0)30 20 91 78 -29
E-mail: info@artnet.de
Internet: www.artnet.de
ISIN: DE000A1K0375
WKN: A1K037
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate
Exchange
EQS News ID: 793287
End of News DGAP Media
793287 2019-03-29
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(END) Dow Jones Newswires
March 29, 2019 02:00 ET (06:00 GMT)
