Grace Hartigan, Pond Memory (1963). Courtesy of Phillips.

Auctions to Basquiat, Magritte, and O’Keeffe

New York's upcoming November auctions will showcase significant works by Basquiat, Magritte, O’Keeffe, and other renowned artists, signaling a potential revitalization of the art market.

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The New York art market is gearing up for a high-stakes auction season this November, with top auction houses presenting works by celebrated artists such as Jean-Michel Basquiat, René Magritte, and Georgia O’Keeffe, among others. Following strong sales in London and Paris, collectors and market observers are hopeful that these auctions could signal a revival in the art market’s performance.

Christie’s will host a significant sale featuring works from designer and philanthropist Mica Ertegun’s collection, including Magritte’s L’empire des lumières, with an estimate of over $95 million, and pieces by Hockney, Miró, and Ruscha. Also of note is Basquiat’s Untitled (1982) portrait from the Brant Foundation, anticipated to fetch between $20 million and $30 million, alongside Yayoi Kusama’s Infinity-Nets (RDUEL) linked to dealer Inigo Philbrick, with an estimate of $2 million to $3 million.

Sotheby’s will showcase modernist highlights, including Giacometti’s Buste (Tête tranchante) (Diego), valued at $10 million to $15 million, and Tiffany’s Danner Memorial Window from Alan Gerry’s collection, estimated at $5 million to $7 million. Additionally, Mark Rothko’s Untitled (Yellow and Blue) is up for sale at Sotheby’s Hong Kong with an estimated price of $29 million to $35 million.

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JEAN-MICHEL BASQUIAT (1960-1988) Untitled, oilstick on paper.

The spotlight will also be on works by O’Keeffe, with Lake George Autumn appearing in Christie’s 20th Century Evening Sale, priced between $3 million and $5 million, and her White Primrose in Bonhams’ auction with a $4 million to $6 million estimate. Phillips will feature Grace Hartigan’s Pond Memory from the Anbinder collection, expected to sell for $300,000 to $500,000.

These upcoming auctions reflect the resilience of the global art market, bringing together collectors and enthusiasts for a momentous November season in New York.

Yayoi Kusama’s 2018 painting Infinity-Nets.
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