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Showing posts with label fine art sales. Show all posts
Showing posts with label fine art sales. Show all posts

The American International Fine Art Fair ended its six-day run on Feb. 8, at the Palm Beach County Convention Center.

Good sales and a robust attendance are reported for 70 international dealers at the fair, which attracted a total attendance of 24,000. Reported sales range from $5,000 to $5 million.

Wilbur and Hilary Ross, Tom Quick, Mario Buatta and Pauline Pitt, served as co-chairs of the AIFAF Collectors & Connoisseurs committee. Both Ross and Quick and hosted pre-fair events in New York and Palm Beach.

Among the prominent designers and collectors attending the fair were Scott Snyder, Brian McCarthy, Matthew Patrick Smyth, Betty Sherrill, Stephanie Seymour and Peter Brant, William Koch, Earl Mack, Stephen Schwarzmann, Mr. and Mrs. Louis Shirley, Iris and Carl Apfel, Michel Witmer, Nancy and Walter Racquet, Maura Benjamin, Maureen Donnell, Diana Wister, Robert Nederlander, Pat Cook, Gigi and Harry Benson.

The following is a partial listing of sales reported prior to the fair’s closing: Adelson Galleries (New York), Winfield’s Porch by Andrew Wyeth; ARITA Eduardo Cohen (Buenos Aires), Mexican shell and turtle inlaid enconchado sold to the Monterrey Museum of Historical Art; Artmosphere (Salzburg/London), Andy Warhol painting and two photographs of Marilyn Monroe by Lawrence Schiller; Michael Goedhuis (New York/London), China Hans Dynasty bronze.

For a complete listing or additional information on the AIFA fair, see www.aifaf.com.
Sotheby's completed the purchase of its York Avenue flagship headquarters and auction premises in New York City on Feb. 6 for $370 million. The purchase price was funded by the assumption of the prior owner's mortgage of $235 million at a rate of 5.6%, a $50 million cash payment, which was made in January 2008, and an $85 million cash payment which was funded at closing last Friday.

Sotheby's is a global company that engages in art auction, private sales and art-related financing activities. The company operates in 41 countries, with principal salesrooms located in New York, London, Hong Kong and Paris, and regularly conducts auctions in six other salesrooms around the world. Sotheby's is listed on the New York Stock Exchange under the symbol BID.