Banksy collectors plan to sell off $2.2 million of artwork at Sotheby’s, Bonhams Bloomsbury Auctions and a gay bar in London this month (11-14 October). The considerable demand of masterwork is a clear indication of whopping sales expected from this graffiti creation. Topping the charts, Banksy’s “The Rude Lord,” a 1776 Thomas Beach portrait tainted to reveal an extended finger is expected to fetch $ 405,800 (200,000 pounds). Following this, a spray artwork “Rat with Roller” would be available in the Shadow Lounge, a gay bar for $162,320. The image of “Kids on Guns” was auctioned in 2004 for 600 pounds but now its priced around $60,874 at Sotheby’s.

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The number of visitors at Sotheby’s has been rising and all thanks to the mounting pieces of art, statue and paintings available for auction. While the news about the Francis Bacon’s Self-Portrait and Bullfight, Magna Carta’s 710-year-old copy, Pablo Picaso’s unique creation, Chinese Artwork, Jeff Koon’s 9-foot pink heart, Van Gogh’s “Wheat Fields” painting, Guennol Lioness statue and also portrayal of extension of great wall of china at Sotheby’s Biggest auction wasn’t old that we have a new entrant.

“Te Poipoi” (The Morning) is a beautiful painting by the French post-Impressionist painter Paul Gauguin that presents a Tahitian women taking bath under mango trees. The painting would be a part of an auction scheduled in November and is anticipated to fetch $60 million.

No doubt this 1892 canvas picturing bathing women has turned into a quixotic spot. Sotheby’s honors the work of art as “Supreme Tahitian panorama by the artist in the custody of the private hands” and “facet of the memorable collections till formed in America.” In 1945, the paining was procured by Charles Payson, a multimillionaire collector.

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Adding to the news of inventive creation by Chinese artists set for Sotheby’s Hong Kong auction expecting to generate $129 million, Cai Guo-qiang’s “Project for Extraterrestrials No 10: Project to Extend the Great Wall of China by 10,000 Metres” is another creation that we can’t afford to miss. Enriching possessions tracking back from the Qing dynasty are expected to return to their hometown via Hong Kong’s largest auctions. Cai’s printing is expected to fetch $ 1.53-2.3 million on 7 October in Hong Kong.

The counted 1,100 treasures at Sotheby’s autumn sale are expected to fetch HK$2.1 billion. This biggest auction at Sotheby’s includes past relics, modern Chinese art, ceramic objects, gems, watches and other magnum opus. The highlight of the auction would be 20 canvases by Qi Baishi, a well-known Chinese painter and 40 masterpieces by artists such as Claude Monet and Henri Matisse.

Others creation expected to present at the auction are Yue Minjun’s The Massacre at Chios, “Treasure of the Emperor Emeritus,” the white Jade Seal and Cai’s gunpowder opus. In order to portray the pyrotechnic event that held in 1993 at Jiayuguan that clearly reflected the end of the Great Wall, Cai very artistically made use of his signature style of gunpowder on paper while Yue’s arty illustrates Greeks annihilation by the Turks on Chios in 1821. The auction that started today will continue till Tuesday at the Convention and Exhibition Centre in Wan Chai, Hong Kong.

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Value of Chinese artwork seems to be fuelling and all thanks to the China’s booming economy and its rich natives who wish to invest in their own heritage. Contemporary artist 20-meter-long gunpowder- on-paper artwork, Yue Minjun’s grinning caricatures and the white-jade seal emblazoned with the Chinese typescript are anticipated to generate HK$1 billion ($129 million) at Sotheby’s auction scheduled in Hong Kong from 6-9 October.

“Treasure of the Emperor Emeritus,” the white-jade seal is expected to generate HK$20 million, Artist’s Cai’s gunpowder opus may fetch HK$18 million while Yue’s “The Massacre at Chios” may generate a sale of HK$12 million. The very sale of “The Massacre at Chios” is expected to break the record of $4.3 million set by an oil canvas viz. “The Pope” in 1997.

The auction will also display the works by other artists’ viz. Zhang Xiaogang and Cai Guoqiang. The creation by both these artists’ would be displayed the opening ceremony for Beijing Olympics 2008.

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Two out of three works by Pablo Picasso are scheduled up for auction on 7 November at Sotheby’s, a sculpture and a painting of the celebrated women in his life. As a part of Sotheby’s New York “Impressionist & Modern Art Evening” sale, Picasso’s creation is expected to generate $65 million.

Made in 1941, “Tete de femme (Dora Maar-left)” is a 31.5-inch (80-cm) bronze bust that is anticipated to sell for $20-$30 million while “La Lampe” (right) from 1931 features the likeness of his mistress, Marie-Therese Walter, and hopes are alive that it would fetch $25-$35 million. Those who cannot resist to witness Picasso creation can visit Sotheby’s London on October 7-12 and in New York on November 2-7 as the artistic creation would be available there for display.

Another Picasso’s painting that has made up to the auction is “Femme accroupie au costume turc (Jacqueline)”. The painting is set for auction at a Christie’s preview in Hong Kong on 4 October 2007. The painting is estimated to fetch up to $25 million at the upcoming Christie’s “New York Impressionist and Modern Art auction” on 6 November 2007.

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All hopes of artists and collectors are attached with the soon-to-be auctioned masterpieces, paintings and statues at Sotheby’s. To the familiar list of Francis Bacon’s Bullfight, a rare 710-year-old copy of the Magna Carta, ancient statue of Guennol Lioness, Van Gogh’s Wheat Fields and the Jeff Koon’s 9-foot heart, I am here to introduce the self-portrait of Francis Bacon.

The two paintings of this Anglo-Irish artist (1909-1992) viz. the “Study for Bullfight” and “Self Portrait” are expected to fetch $50 million in an auction scheduled at Sotheby’s fall contemporary art sale in New York on 14 November.

Unlike “Study for Bullfight No. 1, 2nd Version” that is expected to fetch $35 mn, the self portrait is anticipated to generate $15 mn. His ‘Self Portrait’ is a clear reflection of his struggle along with subject of identity.

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Following the modern artwork of Damien Hirst’s $100 million diamond skull that aroused the curiosity of the art-lovers, today an old and rare master study by Peter Paul Rubens is using its hypnotism effectively among art collectors.

Rubens’ “Two Studies of a Young Man,” an oil-sketch study is anticipated to land the U.S this weekend and would be presented to the public for the first time in the history of 70 years.

The sketch would be available at Christie’s New York from 30 September to 3 October. The auction is scheduled for 3 December in London and is expected to fetch $8 million to $12 million.

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The customary nature of Russian spending despicably is in full swing. The very gesture of Russian billionaire Alisher Usmanov has overdone the much-talked about story of Russian businessman having identical yachts. Usmanov has lately pre-purchased all the 450 artworks (paintings, glassware and fine porcelain) by the late cellist Mstislav Rostropovich before its scheduled auction at Sotheby’s.

The Sunday Times quoted: The Billionaire has paid “substantially more” than its estimation of $40 million guesstimate. Usmanov is of the belief that the collection should not be distributed and said he plans to donate entire artwork to the Russian state.

Going back to recall his charitable deeds, Usmanov’s earlier paid $3 million for the rights to Soviet-era cartoons that he bestowed to a new state-run TV channel for children. FYI, the painting featured above is and is known as “Treasure of the Angels” and it is a work from Nikolai Konstantinovich Roerich.

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Days back when the news of auction of peerless bronze horse’s head at Sotheby’s auction house scheduled on 9 October invited eyeballs, it no-more reside at Sotheby’s auction house. But it has been picked by the Macau casino mogul Stanley Ho.

He purchased the bronze horse head of Haiyantang in the Yuanmingyuan (or Summer Palace) for $8.84 million. Ho pre-purchased the piece and bestowed it to China. This purchase is a record-setting moment for any Chinese.

Following the numerous auctioned happening at sotheby’s, the contemporary artwork from Southeast Asia is a new entrant. The active auction on 16 September carved the record breaking price for the Sotheby’s auction house till date.

“Land of My Dreams,” a 1938 oil painting by Dutch artist Auke Cornelis Sonnega stunned its audience with its smoking sales of $10.7 million, which is around 80% more than its sales in the corresponding year.

The Sotheby’s auction house was overflowing with collectors and dealers who were dying to pay infinite figures to own the interesting works by the artists from across the globe.

Highlights of the Sotheby’s auction of Southeast Asian art pieces:

As against the expected cost of $25,000 for the painting by Indonesian artist Nyoman Masriadi, a rich Southeast Asian collector paid a bulky sum of $360,000. Isn’t it shocking? Another record was set by the artwork of late artist Vietnamese artist Le Pho as his painting was sold for more than $550,000.

Expected to generate sales of $185,000, Sonnega’s artwork viz. “Land of My Dreams” went on to $720,000. Plus 20% premium, $10.7 million is an updated record level inked by Sotheby for selling Southeast Asian paintings in Singapore.

But word is around that from next year, even the sale of Southeast Asian Paintings would be scheduled at its Asian auction house in Hong Kong and not Singapore.

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