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

© The Estate of Jean-Michel Basquiat / ADAGP, Paris / ARS, New York 2017.
© The Estate of Jean-Michel Basquiat, ADAGP, Paris and ARS, New York.
Photo by Julia Halperin
Photo by Andrew Goldstein
Photo by Andrew Goldstein
Photo by Andrew Goldstein
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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.

 

Urs Fischer
The Kiss  (2017)
Sadie Coles Gallery
Price: $500,000

 

Nick Cave
Soundsuit
Jack Shainman Gallery
Price: $160,000

 

 

Sigmar Polke
Nachtkappe I (Night Cap I) (1986)
David Zwirner
Price: $8 million

 

Roberto Matta
La violence de la douceur (1949)
Galerie Gmurzynska
Price: 2.5 million

 

Tom Wesselmann
Drawing for Nude on a Couch (1971)
Edward Tyler Nahem
Price: 4.4 million

 

Nam June Paik
James Cohan Gallery

(front)
TV Buddha (1992)
Price: $375,000

(behind, left)
Portable God (1989)
Price: $550,000

 

Mickalene Thomas
Pam Grie
Lehmann Maupin
Price: $100,000-$150,000

 

Mark Grotjahn
Untitled (2004)
Mnuchin Gallery
Price: $300,000

 

Piero Manzoni
Achrome series  (1958-1959)
Hauser & Wirth
Price: $11.2 million

Kerry James Marshall
Untitled (London Bridge) (2017)
Jack Shainman
Price: $2.5 million

 

Kazuo Shiraga
Sekirai (1997)
Fergus McCaffrey Gallery
Price: $5 million

 

Kazuo Shiraga
Composition BB41 (1962)
Hauser & Wirth
Price: $2.8 million

 

© The Estate of Jean-Michel Basquiat / ADAGP, Paris / ARS, New York 2017.

Jean-Michel Basquiat
Three Delegates (1982)
Acquavella Galleries
Price: $18 million

 

Hayv Kahraman
Mnemonic Artifact 1 (2017)
Jack Shainman
Price: $50,000

Christopher Wool
Untitled (2002)
Mnuchin Gallery
Price: $3.5 million

 

Callum Innes
Exposed Painting Prussian Blue (2017)
Sean Kelly
Price: £100,000

 

© The Estate of Jean-Michel Basquiat, ADAGP, Paris and ARS, New York.

Jean-Michel Basquiat
Baby Boom (1982)
Lévy Gorvy Gallery
Price: $35 million

 

Barkley L. Hendricks
Woody (1973)
Jack Shainman Gallery
Price: $750,000

 

Aldo Mondino
Muro del Pianto (Wailing Wall) (1988)
Isabella Bortolozzi Galerie
Price: reserved at €130,000

 

 

Agnes Martin
Untitled #9 (1988)
Mnuchin Gallery
Price: $5 million

 

Photo by Julia Halperin

Jean-Michel Basquiat
Untitled (1986)
Van de Weghe Ltd
Price: $4.55 million

 

Photo by Andrew Goldstein

Jean-Michel Basquiat
Untitled (Solanamum) (1984)
Richard Gray Gallery
Price: $14 million

 

Photo by Andrew Goldstein

Jean-Michel Basquiat
Untitled (Head) (1982)
Richard Gray Gallery
Price: $2.6 million

 

Jean-Michel Basquiat
Big Sun (1984)
Van de Weghe Ltd
Price: $4.5 million

 

Philip Guston
Scared Stiff (1970)
Hauser & Wirth
Price: around $15 million

 

Photo by Andrew Goldstein

Jean-Michel Basquiat
Untitled (Skull) (1982)
Van de Weghe Ltd
Price: $1.85 million

 

 

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

 

 

 
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