Article provided by MutualArt.com
The 2010 auction year has clearly demonstrated that the art market has managed to rebound from a rocky period in the aftermath of the global financial crisis. A staggering world record by Alberto Giacometti started the year with a storm, as it took only three months for Picasso to smash that record. Indeed, by year' end, Christie's reported a record $5 billion dollars in sales while Sotheby's is expected to announce sales of approximately $4.2 billion, nearly double the 2009 total.
Our year-end summary explores lots and artists who were in the spotlight, whether for the right or wrong reasons. Which artist's work generated the most revenue in 2010? Which auction house has the most lots in the season's top sellers list? Which lot was most disappointing? Which lots sold at the highest margins above their high estimates? The answers lie ahead.Top 20 Best Selling Artists*
1) Pablo Picasso
sold a total of 1,269 lots out of 1,709 offered for a total of $405,708,629 (over $319,000 per lot)
2) Andy Warhol
sold a total of 764 lots out of 1,082 offered for a total of $355,732,348 (over $465,000 per lot)
3) Alberto Giacometti
sold a total of 75 lots out of 101 offered for a total of $238,049,966 (over $3.17 million per lot)
4) Henri Matisse
sold a total of 203 lots out of 291 offered for a total of $196,189,286 (over $966,000 per lot)
5) Amedeo Modigliani
sold a total of 17 lots out of 29 offered for a total of $156,661,240 (over $9.21 million per lot)
6) Roy Lichtenstein
sold a total of 245 lots out of 308 offered for a total of $124,393,190 (over $507,000 per lot)
7) Claude Monet
sold a total of 27 lots out of 30 offered for a total of $89,726,464 (over $3.32 million per lot)
8) Gustav Klimt
sold a total of 37 lots out of 60 offered for a total of $76,534,403 (over $2 million per lot)
9) Gerhard Richter
sold a total of 121 lots out of 177 offered for a total of $75,687,768 (over $625,000 per lot)
10) Jean Michel Basquiat
sold a total of 58 lots out of 70 offered for a total of $73,897,940 (over $1.27 million per lot)
11) Mark Rothko
sold a total of 8 lots out of 9 offered for a total of $72,137,804 (over $9 million per lot)
12) Lucio Fontana
sold a total of 100 lots out of 150 offered for a total of $62,948,801 (over $629,000 per lot)
13) Zhang Daqian
sold a total of 124 lots out of 133 offered for a total of $60,481,886 (over $487,000 per lot)
14) Yves Klein
sold a total of 42 lots out of 52 offered for a total of $53,261,592 (over $1.26 million per lot)
15) Alexander Calder
sold a total of 176 lots out of 246 offered for a total of $52,090,908 (over $295,000 per lot)
16) Fernand Léger
sold a total of 122 lots out of 174 offered for a total of $51,729,465 (over $424,000 per lot)
17) Auguste Renoir
sold a total of 152 lots out of 216 offered for a total of $49,988,171 (over $328,000 per lot)
18) J.M.W Turne
r sold a total of 18 lots out of 24 offered for a total of $48,850,401 (over $2.71 million per lot)
19) Joan Miró
sold a total of 518 lots out of 707 offered for a total of $48,105,908 (over $92,000 per lot)
20) Marc Chagall
sold a total of 488 lots out of 690 offered for a total of $46,309,364 (over $94,000 per lot)The top 20 selling artists' 2010 total: $2,338,485,534
* As of Dec. 19, 2010, includes results from all major and mid-level auction housesTop 10 Best Selling Lots
1) $106,482,500 - Pablo Picasso
, Nude, Green Leaves and Bust, oil on canvas, painted on 9 March 1932. World auction record for any artwork sold at auction, World auction record for the artist (Christie's New York, May 4).
2) $103,452,609 - Alberto Giacometti
, L'Homme Qui Marche I, bronze, cast, 1961. World auction record for the artist (Sotheby's London, February 3).
3) $68,962,500 - Amedeo Modigliani
Nu assis sur un divan (La Belle Romaine), 1917, Oil on canvas. World
auction record for the artist (Sotheby's New York, November 2).
4) $63,362,500 - Andy Warhol
Men in Her Life, 1962, silkscreen and pencil on primed canvas. Second
highest auction result for the artist (Phillips de Pury & Co., Upper
East Side, November 8).
5) $53,282,500 - Alberto Giacometti
, Grande tête mince, bronze, conceived in 1954 (Christie's New York, May 4).
6) $53,023,131 - Amedeo Modiglian
Tête, sculpture, executed between 1911-12. Highest price achieved for a
work of art ever sold in France. World auction record for the artist
(until Nov. 2). Sold for over 7 times the high estimate (Christie's
Paris, June 14).
7) $51,585,695 - Pablo Picasso
, Portrait d'Angel Fernández de Soto, oil on canvas, 1903 (Christie's London, June 23).
8) $48,802,500 - Henri Matisse
Nu de dos, 4 état (Back IV), conceived circa 1930 and cast in 1978,
bronze with dark brown patina. World auction record for the artist
(Christie's New York, November 3).
9) $45,101,503 - J.M.W Turner
, Modern Rome - Campo Vaccino, oil on canvas, 1839. World auction record for the artist (Sotheby's London, July 7).
10) $42,846,461 - Gustav Klimt
Church in Cassone - Landscape with Cypresses, oil on canvas, 1913.
World auction record for the artist (Sotheby's London, February 3).MutualArt.com is a personalized art information service
covering thousands of sources across the web.