Fall Art Auction Season Kicks off In New York

Art is undoubtedly one of the most beautiful things in the world.

It is something that people have been enjoying for many centuries and they continue to do so. Nowadays, many more kinds of art have been introduced and each has something new to offer. Many of us love art but we sometimes cannot afford to buy a piece of art. This is where auctions come in; there are many things in an auction that are highly priced but you can even get some great deals too. The New York fall art auction is one of the best art auctions and you should definitely pay it a visit if you are an art lover.

To spice things up, the auction houses have included a Leonardo da Vinci painting and Formula 1 red Ferrari driven by Michael Schumacher this year so that the event can get the attention that it deserves. The auctioneers this year are Christie’s, Sotheby’s and Phillips and they expect to break the $1 billion barrier this year. In the last fall art auction $900 million worth of art was sold and it looks like more will be sold this year.

Sotheby’s has certainly made things a lot more interesting by including Michael Schumacher’s car as part of their Contemporary Art auction. Schumacher’s Ferrari F2001 is famous as it was the car he used to win the 2001 Monaco Grand Prix. It is considered to be one of the most valuable cars that ever existed and according to speculation, the car will be able to fetch a $4 million price tag. Now, some people might say that a car does not need to be part of an art auction, but the truth is that it does not matter especially when the car is so famous.

Sotheby’s is not the only auctioneer who made such a move to attract more people. Christie’s has also tried to make the art auction more interesting as they have included Salvator Mundi in the auction. Salvator Mundi is one of the most amazing paintings: it is a painting of Jesus Christ by Leonardo da Vinci and dates back to the 1500s. Salvator Mundi was sold for a record price of $450.3 million. The painting was once owned by King Charles I however it was lost but was again found in 2005.

The best thing about it is that Salvator Mundi was sold by a Russian businessman Dmitry Rybolobev and it was estimated to sell for just $100 million. However, the painting was able to fetch a price of a jaw-dropping $450.3 million. Other paintings that are featured at the auction include Cabra which is a painter by Jean-Michel Basquiat and it is expected to fetch a price of more than $12 million.

Sotheby’s also features Georgia O’Keeffe’s “Yellow Sweet Peas” which is estimated to sell for $3.5 million. Francis Bacon’s “Three studies for a portrait of George Dyer” is also included at the auction and it is expected to fetch a price of almost $45 million. Another painting by Francis Bacon went unsold at Christie’s auction as it found no bidders since its asking price was $78 million. Everything that is featured at these auctions is wonderful, it is only a matter of taste. Some people are willing to pay millions of dollars for something they like and that is what keeps the essence of auctions alive.

Art has become a desirable asset in the past few years and its demand is getting stronger by the day. That is why these auctions are becoming a lot more popular as more people want to buy the best paintings that money can buy.

These were a few things that you should know about the fall auctions in New York. These auctions are the perfect place especially if you are someone who loves buying art. Many different works of art are available at these auctions and they all come from various well-known artists. You should certainly visit these auctions if you really love art, the feeling that you get here is amazing as you are surrounded by some of the best pieces of art that the world has ever seen.

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