Featured above is a piece of Banksy art that is demanding a biting price of £1,000,000 on eBay and fortunately have got the current bid of £3,500 on its first day. It is being claimed that Banksy apparently thumped on the owner’s entrance and requested whether he could graffiti the wall before actually doing it. The opportune owner (Luti) of the house asserts to have exhausted over £1,000 shielding the work of art till date and is presently starving for some hard cash. Also, the mentioned price doesn’t include the cost involved amounting £5,000 in eliminating the section of the wall that is presently on the Portobello Road in London.

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Renowned Folk art master Su Zhongyang lately designed this elegant ivory carving masterpiece “Jiu Jiu Xiang Long” that is festooned with 99 auspicious dragons. Presently, the car is is exhibited in Guangzhou’s Zhenhai Tower and worth $2.7 million. The designer artwork is 4.5 meters long, 1.81 meters wide and 1.9 meters high and weighs 2 tonnes. The body of the car is clad with ivory and yak bone bathed in diamond and gold. The sales generated would be donated to the Guangzhou Asian Games to be launched in 2010.

Zhongyang wish to flaunt this car across China and Guangzhou. It is a perfect blend of contemporary technics and customary folk arts.
Gallery: 99 Dragons engulfing this CAR
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Via LifeOfGuangzhou

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While you all sitting on other corner would be celebrating Valentine day by exchanging Red Roses, artists on the other end are deeply engroseesd in doping some charity. Known as bad boy amongst the British artist communuity, Damien Hirst together with U2 musician Bono and his RED organization has invited 100 contemporary works from dozens of renowned artists to be donated at the “The (RED) Auction,” a Valentine day auction scheduled on 14 February to support the HIV-AIDS programs in Africa. Besides being the lead singer of the Irish rock band, Bono is the co- founder of RED. The charity auction is expected to generate a sale of $40 million. The artwork was previewed at Sotheby’s London-based auction house before marching to New York.
The auction features around $13.6 million of artwork donated by Hirst including a $7 million pill cabinet. Hirst is able to gain the interest of artists viz. Keith Tyson, Michael Craig-Martin, Jeff Koons, Jasper Johns, Matthew Barney, Georg Baselitz, Cecily Brown and Douglas Gordon for the socila cause.

The auction earnings will be donated to the United Nations Foundation’s fund to support HIV/AIDS programs in Africa. After inking a $100 mn deal for diamond skull, Hirst here takes the initiate for donating seven works to the charity auction. Hirst’s pill cabinet, named “Where There’s a Will There’s a Way,” is packed with red-shaded antiretroviral drugs and is a replica of the colored pills that sold for $19.2 million in June.
Hirst also added a 214-centimeter red heart festooned dead butterflies stuck in gloss paint titled, “All You Need Is Love,” which is expected to generate $1.5 million along with a red circular work, “Beautiful RED Spin Painting,” to fetch $800,000.
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Hirst, who worked on the auction for more than a year, is a friend of Bono, Tyrrell said. Hurst another painting “HIV Aids, Drugs Combination” is priced at $450-650,000 at Sotheby’s auction house.

Via Bloomberg

Whilst 54 days back all eyes were on Fabergee Egg that reached the auction block with a mood to set a record by fetching $18 mn, today the mission got successful. This 1902 Faberge egg was purchased by some anonymous buyer for £8 million ($16.5 million) at Christie’s auction house in London. The bidding of the egg started with £4.8 million ($9.9 million). Festooned with diamond, gold and enamel, this state-of-the-art work was signed by the expert craftsman Karl Faberge. It reached the auction block through Rothschild banking family, who was holding this egg since 1905.

It features a popping cockerel with diamond studded wings that resides at the tip of the egg. Considered one of the grand beauties of the art world, the eggs of this masterpiece were commissioned from Faberge by the Russian Tsars. Faberge and his goldsmiths produced the first egg in 1885 for Tsar Alexander III.

The work was appreciated by Russian royals to an extent that they were asked to produce one egg on yearly basis to be gifted on Easter to the Tsar’s family. Counted 68 eggs were produced during 1800s and early 20’s, out of which 54 were given to the Russian royal family and the remaining were given to the private collectors.

Via CNN

Bank of America Corp. would be selling two of Wyeth paintings to generate around $1 million plus to support three New York-based nonprofit groups counting a parks restoration project originated by Bette Midler. The art work includes N.C. Wyeth’s “Port Clyde, Maine” ($600,000-top) and other by his son Andrew “The New Table,” ($350,000-second from top).

Recognized as the second-largest U.S. bank, it will put four-paintings to the Sotheby’s auction block from its huge art collection on 28 Nov.

The other two paintings include Oscar Berninghaus’s “Opening the West (Stagecoach Through the Missouri Hills-third from top)” and William Trost Richards’s “Newport Beach”. Each of these is anticipated to produce sales of $250,000 (featured below).

After a rough calculation, it is been witnessed if the paintings meet their pre-auction estimate then together the quad-artwork would raise $1.45 million.

Via Bloomberg

Here comes autumn and auction houses are bombarded with an array of old-aged, contemporary artwork that is eternal in nature. A hoard of Asian art, Chinese jade and porcelain is set to go under hammer at Christie’s auction house on 28 October in Hong Kong. The international auction house is anticipating it to be the record-breaking auction in this voracious market. The Sales generation expected out of this auction is net $231 million. The items would be on display from 25-29 November and would feature gamut of top-notch modern and contemporary art, regal ceramic, a renowned compilation of Chinese jades as well as jewels, necklaces and watches.

Among the attractions of the auction, there is a set of 15 Chinese objects of art enthused by the West including a rare Beijing enamel glass brushpot, a blue and white “Boys” Ming jar, a large bronze figure of Guanyin, the goddess of mercy and a tranquil creation of Taiwan port oil painting by Chen Cheng-Po. The auction is all set to drive the curiosity of its visitors by offering a stunning medley of innovative creation of frenzied smirking sketches by Yue Minjun and a colossal sequence of “gunpowder” paintings by Cai Guoqiang. “Market Scene” by the Dutch painter Rudolf Bonnet would also get worthy respect here. The great work carrying prominent sauce and grease marks on a browning print is expected to fetch $500,000.

Below are the featured artworks that are inviting eyeballs:

A rare Beijing enamel glass brushpot adorned with European “mother and child” pictures from the Qianlong period on the four-sides is expected to generate $3.8 million.

A blue and white “Boys” Ming jar that would generate nearly $5 million.

A huge bronze sculpture of Guanyin, the goddess of mercy that is expected to be sold for $4.5 million.

“Danshui at Sunset,” a calm Taiwan port oil painting by Chen Cheng-Po might earn the label of being the most expensive Chinese paintings ever sold at an auction.

Via Reuters

Amidst gamut of paintings ready to earn another history for renowned painters by reaching auction block, ‘BlueStar’ is a new entrant’. Featured above is a creation by Spanish painter Joan Miro, called ‘Blue star’. The painting depicts 10 pieces signed by Picasso, Leger, Juan Gris and Miro, which was preserved in a coffer for 40 years. I think this is sufficient to describe its beauty and worth. It would be auctioned on 21 December 2007, at the Aguttes auction house in Paris. The painting by Joan Miro is anticipated to fetch 7 million Euros ($10 mn).

Via OtherPeoplesArt

Another Sculpture, Another Record! Featured above is a white sculpture white (seems as if engulfed with a layer of snow) portraying a voluptuous nude creature holding a cigarette with elegance that lately fetched $1.6 million at auction Latin American art auction happened at Christie’s. The auction has marked a record for a sculpture of Colombian Fernando Botero. As per the auction house around 86% of the 76 samples of Latin American art have been sold and a great amount of interest was shown in the masterpieces from Latin America.
Amongst the lot, the artist who bagged the highest bid was none other than Botero, by earning around $5.3 million and out of which $1.6 million was solely fetched for his statue of “Smoking Woman.” The auction labeled a record for female artists and marked their return from Mexico to India including Amelia Pelaez, Rufino Tamayo, Francisco Toledo and Rodolfo Morales. Total sales generated by the auction stood at $21.7 million.
Via DeluxeBlog

Unlike celebrities, art, antiques, paintings, statues become more precious as they grow old. While for some it becomes a passion, necessity or investment for others it becomes an outrageous flaunting. But no to forget as their also exist a category where people love to owe such creation to value their sense of reminiscence. And yes, the passion is not restricted to masterpieces as a deserving respect is paid to publication of any bestseller.

Featured above is a first Playboy Cartoon that falls in the latter category. In 1953, Ben Denison initiated the foundation of an ever-lasting custom by producing the first Playboy cartoon that shortly included artists of the caliber of Eldon Dedini, Jules Feiffer, Shel Silverstein and Gahan Wilson. The worth noticing heritage auction is scheduled for 12 December in Dallas. It is estimated to invite bids worth $12,000 to $18,000.

Via Luxist

For the past couple of months I have been alarming you for the scheduled auctions of paintings, art, statue and others. But now the day has come when the international auction houses viz. Sotheby’s and Christie are getting their dues.

It has been months that I Francis Bacon canvas worth $46 million, a record-setting Jeff Koons’ hanging heart steel sculpture and an Andy Warhol print of Conrad Black has helped boost Sotheby’s to reach the highest ever generation of the contemporary arts sale. Following the northwards going curve of the prices during last two years, Sotheby’s too estimated to out shadow with around 71 lots in New York sold for around $319 million.

Bacon’s “Second Version of Study for Bullfight No 1″, painted in 1969 was honored as the most expensive item that gold sold for £22.4 million to an unsigned American buyer during contemporary arts sale. Also, Bacon self-portrait generated $33 million, almost two-fold of the anticipated price. Both these Bacon’s creation would be exhibited in a public exhibition scheduled in Madrid before hitting the New York based exhibition later this autumn.

Koons’s 9ft long Hanging Heart went under the hammer for $23.6 million beating the previous record of living artist’s artwork by Damien Hirst. At the same evening, “Portrait of Conrad Black” - one of four Warhol designed by former Daily Telegraph proprietor fetched $240,000. The sale came as a pill of relief for Sotheby’s after the shock of the Impressionist and modern art sale last week that failed to invite even a single bid for Van Gogh drew no bids.

Via Telegraph