Friday, June 28, 2024

full sales report Basel 2024

 






In the wake of Art Basel, many may still be discussing Hauser & Wirth co-founder Iwan Wirth’s viral jab at the “doom-porn” circulating in the “art press and along gossip grapevines.” Was the blue-chip gallerist’s critique accurate? The jury is out. But the fair did supply a slew of blockbuster sales—check out our full sales report if you haven’t already.






Art Market

What Sold at Art Basel 2024

Arun Kakar

Jun 17, 2024 6:27PM

Installation view of Pace Gallery’s booth at Art Basel, 2024. Courtesy of Art Basel.

The 2024 edition of Art Basel’s flagship fair concluded on Sunday after a sunny week at the Messe. Some 91,000 visitors attended the fair—up from 2023’s attendance of 82,000—which featured 285 exhibitors from 40 countries and regions.

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Alongside the main fair again this year was the Unlimited sector, which presented 70 large-scale projects including installations, video projections, and paintings. Elsewhere, the Parcours sector featured several site-specific installations throughout the city, popping up everywhere from empty storefronts to hotels. New this year was the busy Art Basel Shop, a new concept store that featured a range of design, fashion, and publishing products. Down the road from the Messe, meanwhile, Liste Art Fair Basel hosted more than 90 tastemaking galleries that put on an impressive display of emerging art.

Liza Lou, installation view in Art Basel Unlimited, 2024. Courtesy of Lehmann Maupin, Thaddaeus Ropac, and Art Basel.

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This year’s edition of Art Basel got underway with a slew of blockbuster sales reported at its VIP opening last Tuesday, and the overall tone from the week was one of careful optimism. Several dealers reported stronger sales from this year’s edition of the fair compared to 2023, and many struck a resilient note against the backdrop of the tricky current art market.

“Despite the recent challenging market environment, this edition of Art Basel managed to excite and energize collectors and brought solid sales for our artists from the first preview day,” said Philomene Magers and Monika Sprüth, co-owners of exhibiting gallery . “There was a lot of great energy from collectors and curators both at the fair and around the city.”

Many dealers, however, reported that sales were more uneven beneath the raft of blue-chip sales figures, noting that the more cautious moment for the art market at large is not over. Still, as illustrated by the sales listed below, it was clear that strong interest from both collectors and institutions was pervasive across the fair.

Here, we share a rundown of what sold at Art Basel 2024.


Top sales

 quickly emerged from the fair’s VIP day as one of the most talked-about galleries after the sale of ’s Sunflowers (1990–91) for $20 million—the most valuable reported transaction from the fair. The Mitchell painting topped a formidable list of reported sales from the blue chip gallery, which included the following:

Installation view of Hauser & Wirth’s booth at Art Basel, 2024. Courtesy of Art Basel.

 also made a big splash at the fair. The gallery, which opened a new Basel space last week, reported a strong slate of sales including more than 10 works that sold for more than seven figures on the VIP day alone. Co-founder Iwan Wirth remarked that “in spite of the ‘doom porn’ currently circulating in the art press and along gossip grapevines, we are very confident in the art market’s resilience and the first day of Art Basel has confirmed our perspective.” Top sales from the gallery included:

Installation view of Thaddaeus Ropac’s booth at Art Basel, 2024. Courtesy of Art Basel.

’s slate of reported sales was led by ’s Market Altar / ROCI MEXICO (1985), which sold for $3.85 million. Other sales reported by the gallery included the following:

  • “Several editions” of ’s Dresdner Frauen - Die Elbe (1990/2023) sold for €2 million ($2.14 million) apiece. Baselitz’s St. Anna vereinigt Feld (2010) also sold for $1.8 million, Bei Willem (2009) for €1.2 million ($1.28 million), and Welten, die es nicht gab, mit Filzhut (2023) for €1 million ($1.07 million).
  • ’s Untitled (After Rubens; The Massacre of the Innocents, c. 1610) (2024) sold for $800,000.
  • ’s HERE (2021) sold for £600,000 ($760,107).
  • ’s Midday Blue (2024) sold for $450,000.
  • ’s the share fitting (2024) sold for €420,000 ($449,902).
  • ’s Ohne Titel, aus der Serie “Édouard Manet, Der Spargel” (2023) sold for €420,000 ($449,902).
  • ’s Magic Meadow (1994) sold for €400,000 ($506,738).
  • ’s “Hand-in-Glove” from the series ‘New Pastoral’ (2024) sold for €350,000 ($443,395).
  • The gallery also reported six-figure prices for works by artists such as , and .
Mark Bradford
Clowns Travel Through Wires, 2013
White Cube

’s sales were led by ’s Untitled 2 (1999) for $6.75 million, and included the following:

  • Mark Bradford’s Clowns Travel Through Wires (2013) sold for $4.5 million.
  • ’s The Storyteller (1986) sold for $2.85 million.
  • ’s Untitled (2009) sold for $1.95 million and Untitled (Body Print) (ca. 1974) sold for $750,000.
  • ’s Hellter Fucking Skelter (2001) sold for $1.45 million.
  • ’s Red Bud (1964) sold for $850,000.
  • ’s Tesseract #3 (2023) sold for $650,000 and Tesseract #16 (2024) sold for $500,000.
  • Antony Gormley’s HIDE (2021) sold for $500,000.
  • ’s Untitled (2024) sold for $600,000.
  • ’s Rain Mountain (1982–84) sold for $450,000.
  • ’s Holly Species #01 (2024) sold for $225,000.

Installation view of Pace Gallery’s booth at Art Basel, 2024. Courtesy of Pace Gallery.

—one of Artsy’s standout booths from Art Basel—reported a slate of sales including:

  • ’s Sliced Pie Stand (2017/2018) sold for $2.25 million.
  • Three editions of ’s sculpture Banc-Salon (1970/2024)—exhibited in collaboration with —sold for €800,000 ($1.01 million) each.
  • ’s Split Orbs in fuchsia, yellow, blue and purple (2024) sold for $450,000.
  • ’s Errantry (2024)—presented in collaboration with GRAY at Art Basel Unlimited—sold for $380,000 to the Inhotim Museum.
  • ’s The Nurture of Jupiter (2024) sold for $330,000.
  • ’s Yam Story (1995) sold for $250,000. Kngwarreye’s Emu - Yuyara and Yam - Annlara Dreaming at Alalgura (1990) also sold for $220,000.
  • ’s The Philosophin (Verena in Vienna) (2023) sold for $250,000.
  • ’s When Figures Get Lost (2024) sold for $200,000.
  • ’s Glass Flowers (2024) sold for $175,000.
  • ’s The Couch (2022) sold for $170,000.
  • ’s All of Our Days (2023) sold to a museum for $120,000.
  • ’s Fy-ah (2024) sold for $110,000.
  • ’s Continuum (2024) sold for $100,000.
  • The gallery also sold several five-figure works from artists on its roster, including , and Torkwase Dyson.

’s reported sales were led by ’s Man Ray at the Dance (2004), which sold for a price in the range of $2.5 million–$3 million. Other key sales reported by the gallery included the following:

  • A painting by  for €600,000–€700,000 ($642,888–$750,036).
  • A painting by  for $350,000–$370,000.
  • A painting by  for $350,000–$400,000.
  • A painting by  for $350,000–$400,000.
  • Another painting by Wesselmann for $350,000–$400,000.
  • A painting by  for $150,000–$170,000.
  • A painting by  for €120,000–€150,000 ($128,578–$160,722).
Thomas Houseago
Lechuza Flowers, 2024
Xavier Hufkens
Lynda Benglis
QT, 2023
Xavier Hufkens

Brussels dealer  remarked that Art Basel was the “standout fair of our year and the perfect way to kick off the summer.” The gallery’s top reported sales from the fair included the following:

  • A sculpture by  for $1.45 million.
  • Two paintings by  for $1.2 million and $200,000, respectively.
  • Two sculptures by Louise Bourgeois for $1.2 million and $185,000 apiece, as well as a gouache by the artist for $175,000.
  • A “sold-out edition of a large-scale sculpture” by  each sold for $375,000.
  • A painting by Zhang Enli for $270,000.
  • A painting by Qiu Xiaofei for $265,000.
  • A sculpture by  for $250,000.
  • A painting by  for €125,000 ($133,935).
Jenny Holzer
Truisms: MONEY CREATES TASTE, 2013-2022
Sprüth Magers

’s reported sales were led by ’s Rosemary’s Baby (2024), which sold for $1.95 million to a U.S. collector. Other reported sales from the gallery included the following:

  • ’s Untitled (Being and nothingness) (2024) sold for $450,000 to a collector in Asia.
  • ’s Truisms: MONEY CREATES TASTE (2013–22) sold for $400,000 to a collector in the EU.
  • ’s Milieu (2022) sold for €380,000 ($407,160) and Pot (2006) sold for €220,000 ($235,813) to collectors in the EU.
  • ’s Untitled (Silas) (2024) sold for €250,000 ($267,870) to a collector in the EU and Suicidal Tendencies (Bunnies and Clown) (2024) sold for €185,000 ($198,223).
  • ’s Petechiae and Purpura in the Underworld (2024) sold for $250,000 to a collector in the EU.
  • ’s Prototype and Middle Ages from Suddenly this Overview (1981–2012) sold for €190,000 ($203,580) to a collector in the EU.
  • ’s Untitled (1994) sold for €120,000 ($128,580).

Installation view of Lévy Gorvy Dayan’s booth at Art Basel, 2024. Courtesy of Art Basel.

Other major big ticket sales reported by galleries at the fair included the following:

  • Gladstone Gallery’s sales included ’s Untitled (Wooden Rose) (1966) for $2.5 million; a work on paper by  for $1.5 million; and two paintings by Elizabeth Peyton for $1.5 million and $1.35 million each.
  • Gray sold a painting by  for $2 million.
  • Alison Jacques sold a sculpture by  for $1.25 million.
  • Levy Gorvy Dayan sold ’s Concetto spaziale (1955) for a price in the range of $3.8 million–$4.2 million, Joan Mitchell’s Untitled (1962) for $2 million–$3 million, and ’s From Line (1981) for $1.5 million–$2 million.
  •  sold a work by  for a price in the range of €1.2 million–€1.6 million ($1.29 million–$1.71 million) and ’s Untitled (2023) for €100,000–€150,000 ($107,148–$160,722).


More key sales

—one of Artsy’s top booths from the fair—reported a bevy of sales that featured the following:

  • William Kentridge’s Washer (2024) sold for $600,000 to a private foundation in Belgium. Three editions of Kentridge’s sculpture Seven Figures (2023) also sold for $275,000 each, and Drawing for Self-Portrait as a Coffee Pot (Large jug) (2020) sold for $200,000.
  • ’s Refugee Astronaut VI (2024) sold for £250,000 ($316,790).
  • ’s Painting the Town #2 (2021) sold for $100,000 to a “prominent U.S. collector.”
  • “Several” works by  each sold for a price in the range of $40,000–$200,000 to institutions in Asia, the U.S., and South Africa.
  • ’s Black Vanguard Comunique 4 (2024) sold for $150,000 to a private foundation in Japan.
  • ’s You’ll be sorry (2023) sold for $100,000 to a private foundation in Jakarta.
  • Other five-figure sales at the gallery were for works by artists including , and .

’s key sales included the following:

  • ’s Black (2023) sold for £950,000 ($1.2 million), Mipa 5 Light to Prussian Blue Satin (2023) sold for $675,000, and Mipa 5 Blue to Clear (2023) sold for £625,000 ($791,975).
  • Lee Ufan’s Response (2024) sold for $850,000.
  • Sean Scully’s Pieta (2022) sold for $675,000, and Wall of Light Green Mountain (2022) sold for $562,500.
  • ’s Refraction Study after Jerry Lewis (Artists and Models, 1955) (2020) sold for $250,000.
  • ’s Opticks 025 (2018) sold for $250,000, and Opticks 479 (2018) sold for $250,000.
  • ’s Soles A (2014) sold for $200,000.
  • ’s Appearance of Crosses 2023-12 (2023) sold for $170,000.
  • ’s Al Araba Al MadfunaPaintings (2019) sold for $120,000.
  • The gallery also sold works for five-figure sums by artists including , and .

’s top reported sales included the following:

Installation view of Lehmann Maupin’s booth at Art Basel, 2024. Courtesy of Art Basel.

’s reported sales included the following:

  • ’s La migranta (2024) sold for a price in the range of $400,000–$450,000 to “an important institution in South Korea.”
  • ’s Manigua(Apparition)2 (2023) sold for $375,000 to “a prominent collector.” Fernández’s Dark Earth(Groundwater) (2023) also sold for $375,000.
  • ’s Perdu 197 CXCVII (2024) sold for $190,000 and Perdu 195 CXCV (2024) sold for $190,000.
  • ’s The Zone (2023) sold for $125,000, Thunderscape #1 (When I am Among the Trees) (2024) sold for $100,000, and Shadow Hour (2023) sold for $100,000 each.
  • Works by artists including , and  also went for five-figure prices.

’s top reported sales included the following:

’s top reported sales included the following:

Installation view of Annely Juda Fine Art’s booth at Art Basel, 2024. Courtesy of Annely Juda Fine Art.

’s top sales included the following:

  • ’s Water Lilies in the Pond with Pots of Flowers (2021) sold for a price in the range of $600,000–$800,000, Some gladioli (2021) sold for $100,000–$150,000, and Portrait of Simon (2003) sold for $80,000–$100,000.
  • ’s Curtains for La Rotonda, Milan (1970) sold for $150,000–$200,000 to a private collection in Italy. The artist’s Untitled (Cans) (1959) also sold for $100,000–$150,000.
  • Leon Kossoff’s Embankment Underground Station (1993) sold for $70,000–$100,000 to a private collection in the U.S.

More notable sales from Art Basel 2024

  • ’s sales were led by  ’s Dialogue (2021), which sold for a price “in a range of” $800,000–$960,000. The gallery also sold works by ,, Louise Bourgeois, , and  for five-figure prices.
  • ’s top sales included a painting by Lee Ufan for $900,000, Anish Kapoor’s Prussian Blue (2023) for £650,000 ($823,654), ’s Les Tableaux, quatre éléments - Bleu Marine, Mai (1991) for €500,000 ($535,740), and a painting by  for €380,000 ($407,162). The gallery also sold a  sculpture for $390,000 and two works by the artist for $370,000 and $351,000 apiece, as well as two works by  each sold for €350,000 ($375,018).
Arun Kakar
Arun Kakar is Artsy’s Art Market Editor.





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