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Design
duo Gartha and Ada Louise Huxtable broke Pablo Picasso’s streak as the
most popular artist at auction in July. They had 224 works offered at a
single sale, Wright’s The Four Seasons, which lasted an impressive 14 hours and featured furniture and objects from the iconic Four Seasons restaurant in New York.
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Despite
losing his title of the most popular artist at auction, Pablo Picasso
remained the most searched artist on artnet for the month of July, while
the top-searched decorative art specialty was Chinese works of art.
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Christie’s
London came out on top with the highest sale total in July, achieving
$104,414,551 with a sell-through rate of 65%. One stand-out work was
Peter Paul Rubens’ Lot and his Daughters, which broke the record for the most expensive lot sold by their Old Masters Department at $58,002,713 on July 7.
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Peter
Paul Rubens, Zhang Daqian, and Yan Baozhen were the three top-selling
artists at auction in July. The artists brought in $61,720,200,
$19,543,505, and $9,522,812, respectively.
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For the fourth consecutive year, artnet has partnered with the China Association of Auctioneers (CAA) to publish the Global Chinese Art Auction Market Report.
It will provide an in-depth look at the auction market for Chinese art,
which accounted for almost a third of the global art auction market in
2015. This must-read report will be published in the coming weeks—stay
tuned!
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