Art Basel 2017 – How Much Are They Worth? Part II

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Video Art Asia by COBOSocial.com

For some, putting a price tag on a piece of art is close to obscenity; for others, art doesn’t exist outside of the art market. Despite the fact that astronomic sums have been invested in art every day and auction records have been reset anew every season, money talk in the art is still a taboo. Artists refuse to talk about their “bankable values”, collectors prefer not to brag about it (for whatever reasons imaginable), and galleries definitely want to keep the market as obscure as possible (for the benefits of many). For ordinary people like us (sorry, you are not yet there if you are reading this article), every time when we are given the price of a piece of artwork, we drop our jaw and humbly walk away. Gradually, we stop asking, yet secretly, we all want to know and to have some fun with the figure-guessing game. It’s insane, yet exciting. It’s ridiculous, yet fascinating. It bears signs of dismay and reproche, yet everyone dreams of being part of the big boys game. This is the art market that we want to disclose to you, literally, with its price tags.

Last Monday (12 June), the world’s most powerful art fair, Art Basel, opened its doors for its most eligible VIPs collectors from all over the world with a reservoir of US$3.4 billion worth of art for sale during its 7-day fair. The days that followed we were bombarded with figures of sales reports from different media outlets, insiders’ leaks, twitters scoops… Gallery owners announced good news that “this is the best year ever”, or “exceeding our expectations”, or hilariously claiming that “we can go home and enjoy our holiday now” after the first day of VIP preview.

Now, how much do their holidays cost? 1% of the value of a piece of art they sold? Of course, destination and style make a big difference, just like a piece of art. Check it out here.

 

Jean-Michel Basquiat
Crisis X (1982)
Van de Weghe Ltd
Price: $8.5 million

 

Georg Baselitz
Das hoffnungslose weiße Bild (2017)
White Cube
Price: €440,000

 

Di Donna Galleries
Abstract 1989 painting of Gerhard Richter at $5 million;
Works by John Baldessari, Ed Ruscha, and Joan Miró for between $700,000 and $1 million

 

Donlad Judd’s stacks at Anthony Meier Fine Arts
Price: $18.5 million

 

George Condo
Untitled (2017)
Sprüth Magers
Price: $700,000

 

Sterling Ruby
Yellow Sky (2017)
Sprüth Magers
Price: $325,000

 

Guan Xiao
Air Freshener, Spray (2017)
Antenna Space
Price: $48,000

 

Antony Gormley
HOME (2014)
White Cube
Price: £350,000

 

Tracy Emin
A moment – A Feeling – For you (2017)
White Cube
Price: £300,000

 

Imi Knoebel
Union II (2016)
White Cube
Price: €160,000

 

Wolfgang Tillmans
paper drop Oranienplatz, a (2017)
Maureen Paley
Price: $100,000

 

Franz Erhard Walther
Sieben Papierbloecke in Kassetten (1962)
Galerie Jocelyn Wolff
Price: €250,000

 

Candice Breitz
Profile (2017)
Goodman Gallery
Price: €10,000

 

Chao Lu
Funambulist No.1 (2017)
Huile sur toile / Oil on canvas
45 x 60 cm (17 3/4 x 23 5/8 in.)
Price: $14,000

 

Sophie Taeuber-Arp
Échelonnement
von Bartha
Price: $227,000

 

 

Also check out collector Alain Servais’s picks for emerging artists

 

 

 
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