Mar 15, 2017

Artists Exceeding Expectations

We take a look at 5 artists exceeding all expectations at auction
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The 2017 art market has got off to a slow start. Yet despite this there are a few artists who are managing to exceed all expectations at auction. We’ve reviewed the results of major auctions since the turn of the year to pick out those artists who continue to outperform the others:

1. Thomas Ruff (b. 1958, Germany. Lives and works in Dusseldorf, Germany)

A well established and respected photographer, represented by Gagosian Gallery and David Zwirner and who incidentally shares a studio with esteemed German photographer Andreas Gursky, Thomas’ works have consistently performed well at auction.

Even with this in mind, the sale of ‘Jpeg pt01,‘ a large C-print from an edition of 3, for £197,000 against a high estimate of £30,000 was not to be expected and shows huge demand for his work.

2. Donald Moffett (b. 1955, USA. Lives and works in New York, USA)

Represented by Marianne Boesky, Moffett is a painter who ‘extends the traditional two-dimensional frame through non-traditional techniques.’ His works are in collections such as Whitney Museum of American Art and MOMA in New York.

His large-scale piece entitled ‘Gold/ Passage’ achieved a staggering $93,750 against a high estimate of $15,000 at Christie’s Post War and Contemporary Art auction on 3rd March in New York.

3. Marlene Dumas (b. 1953, South Africa. Lives and works in Amsterdam, Netherlands)

After major retrospectives at Tate Modern, The Beyeler Foundation and Stedelijk Museum, the South African born painter needs no introduction.

At Christie’s Post War and Contemporary Day Auction on 8th March in London, ‘Big Black Ear-Rings’, a small-scale watercolour achieved £50,000 against a high estimate of £15,000.

4. Dan Rees (b. 1982, UK. Lives and works in Berlin, Germany)

The Welsh photographer, sculptor and painter’s stock continues to rise in the art market. ‘Artex,’ a mid-size abstract oil painting, sold for £27,500 against a high estimate of £5,000 at Phillips’ New Now auction in London on February 28th.

5. Richard Pettibone (b. 1938, US. Lives and works in Los Angeles, California)

Richard Pettibone’s career started painting miniature replica works by newly famous artists, including Andy Warhol, Marcel Duchamp and Piet Mondrian. He is widely regarded as the man who paved the way for appropriation art.

His miniature scale work ‘Frank Stella Takht-i-Sulayman 1967’ achieved a sales price of £106,250 against a high estimate of £20,000 at Phillips’ 20th Century and Contemporary Art Day Sale in London on 10th March.