21st Century
See also : Jewels Pink diamond Blue diamond African diamonds Nobel medals Northern Europe Russia Current art Sculpture Koons Twombly Flowers Animals New Chinese painting Mountains in China
2000 Celebration and Joy with Jeff Koons
2013 SOLD 58 M$ including premium
The series of the "Celebrations" was designed by Jeff Koons in 1994. The first themes, in five monochrome sculptures each made in a different color, cover universal symbols. Their monumental size invites to exhibition in prestigious locations. The perfect mirror of the surface is a technical feat.
Two specimens of the Balloon Flower were auctioned : £ 12.9 million including premium for the magenta by Christie's on 30 June 2008, $ 16.9 million including premium for the blue on 10 November 2010 also by Christie's.
Same as for the Balloon Flower, the Balloon Dog is an assembly of rounded shapes that reflect their environment in all directions. Looking more like a toy than like the animal that could serve as a model, it appears as a symbol of happy childhood. The bright orange specimen is joyful.
Koons also wanted this series to be a break from traditional art and designated his Balloon Dog as a Trojan horse. Almost twenty years later, the prestige of the series shows that he was right.
Balloon Dog (Orange) is estimated $ 35M for sale by Christie 's in New York on November 12. Measuring 307 x 363 x 114 cm, this sculpture was completed in 2000.
I invite you to watch the video shared by Christie's.
POST SALE COMMENT
This remarkably cheerful artwork was introduced by Christie's as an icon of contemporary art. It was sold for $ 58M including premium.
Two specimens of the Balloon Flower were auctioned : £ 12.9 million including premium for the magenta by Christie's on 30 June 2008, $ 16.9 million including premium for the blue on 10 November 2010 also by Christie's.
Same as for the Balloon Flower, the Balloon Dog is an assembly of rounded shapes that reflect their environment in all directions. Looking more like a toy than like the animal that could serve as a model, it appears as a symbol of happy childhood. The bright orange specimen is joyful.
Koons also wanted this series to be a break from traditional art and designated his Balloon Dog as a Trojan horse. Almost twenty years later, the prestige of the series shows that he was right.
Balloon Dog (Orange) is estimated $ 35M for sale by Christie 's in New York on November 12. Measuring 307 x 363 x 114 cm, this sculpture was completed in 2000.
I invite you to watch the video shared by Christie's.
POST SALE COMMENT
This remarkably cheerful artwork was introduced by Christie's as an icon of contemporary art. It was sold for $ 58M including premium.
2003 The Pink Star
2013 recorded 76 MCHF including premium, UNPAID
2017 SOLD for HK$ 550M including premium
The Pink Star is unquestionably and by far the greatest polished diamond that ever hit the auction market. It should have fetched CHF 76M including premium at Sotheby's on November 13, 2013 but the buyer was unable to pay and its sale was cancelled.
Its come back was eagerly awaited by all the fans of highest jewelry and of auction history. It will be sold by Sotheby's in Hong Kong on April 4, lot 1801. It is estimated in excess of HK$ 468M currently worth US$ 60M, according to the press release of March 20.
The essay below is based on my 2013 discussion :
Its subtle color, Fancy Vivid Pink, is the best graded among diamond colors. Internally Flawless means a perfect clarity. Its weight, 59.60 carats, is the highest recorded for finished flawless diamonds of that color. Its oval shape and its polish are the perfect result of two years of work executed by Steinmetz Diamonds.
It comes from a rough gem of 142.5 carats unearthed in 1999 by De Beers somewhere in Africa, which is currently the best location for new fabulous diamonds. Its mixed cut had required more than 50 subsequent models from epoxy casts. It was unveiled to the public in 2003.
It exceeds in all its features the Graff Pink, sold for CHF 45.4 million including premium by Sotheby's on 16 November 2010, which had 24.78 carats, a VVS2 clarity and a fancy intense pink color slightly lower in theory than the fancy vivid but indeed highly striking in this specimen.
The Pink Star is expected beyond US $ 60M, a suitable and even conservative estimate when we consider that it is "only" US$ 1M per carat, but nevertheless ambitious because no other gem has ever reached such a price at auction. (Note that this expected value has been kept unchanged before the 2017 sale).
Please watch the videos shared by Sotheby's : the 2013 pre sale video and the short video introducing the next auction :
Its come back was eagerly awaited by all the fans of highest jewelry and of auction history. It will be sold by Sotheby's in Hong Kong on April 4, lot 1801. It is estimated in excess of HK$ 468M currently worth US$ 60M, according to the press release of March 20.
The essay below is based on my 2013 discussion :
Its subtle color, Fancy Vivid Pink, is the best graded among diamond colors. Internally Flawless means a perfect clarity. Its weight, 59.60 carats, is the highest recorded for finished flawless diamonds of that color. Its oval shape and its polish are the perfect result of two years of work executed by Steinmetz Diamonds.
It comes from a rough gem of 142.5 carats unearthed in 1999 by De Beers somewhere in Africa, which is currently the best location for new fabulous diamonds. Its mixed cut had required more than 50 subsequent models from epoxy casts. It was unveiled to the public in 2003.
It exceeds in all its features the Graff Pink, sold for CHF 45.4 million including premium by Sotheby's on 16 November 2010, which had 24.78 carats, a VVS2 clarity and a fancy intense pink color slightly lower in theory than the fancy vivid but indeed highly striking in this specimen.
The Pink Star is expected beyond US $ 60M, a suitable and even conservative estimate when we consider that it is "only" US$ 1M per carat, but nevertheless ambitious because no other gem has ever reached such a price at auction. (Note that this expected value has been kept unchanged before the 2017 sale).
Please watch the videos shared by Sotheby's : the 2013 pre sale video and the short video introducing the next auction :
Sotheby’s Brings ‘Pink Star’ Diamond to Hong Kong https://t.co/D5Lo7D6NIX pic.twitter.com/yk5ph7cUhn
— Art Market Monitor (@artmarket) March 20, 2017
WATCH: World's most valuable cut diamond, the 59.60-carat "Pink Star," could fetch a record $60 million at auction: https://t.co/JsYfyHq5H8 pic.twitter.com/mLNLyhUhBY
— Good Morning America (@GMA) March 20, 2017
2005 Bacchus by TWOMBLY
1
No. V
2017 SOLD for $ 46M by Christie's
Cy Twombly has always been hypersensitive to political violence whether it comes from myth or from current events. He lives in Gaeta which also houses a NATO naval base. The hypothesis that his series dedicated to Bacchus were triggered by Mediterranean maneuvers during the Iraq war can be considered.
His Bacchus are abstract paintings consisting of a tangle of vermilion loops on a light flesh-colored background. In 2004 the first set of six includes inscriptions from Greek attesting that Bacchus is not here the god of drinking and debauchery but is in his other role of personification of furious madness.
These lasso loops rise and fall between the top and bottom of the picture in endless spirals. Painted by the artist with a wide brush at the end of a long stick, they are not comparable with the proto-writing loops on his blackboards 35 years earlier. Thin vertical drippings give an idea of the sticky wetness of blood or wine.
Twombly does not immediately exhibit this first series because its vertical format 2.66 m high is not conducive enough to the burst of feelings and perhaps also because his art must be expressive by itself to get rid of the inscriptions. The opus V was sold for $ 15.4M by Sotheby's on May 11, 2016.
The artist makes the second series in 2005 in eight paintings that are immediately exhibited as a whole set by Gagosian in New York. The set is titled Bacchus Psilax Maimomenos, where Psilax meaning wings represents the repeated back and forth of the mind between pleasure and intoxication while maimomenos translates the raging.
The largest variant later numbered V, acrylic on canvas 325 x 494 cm, was sold for $ 46M by Christie's on November 15, 2017, lot 15 B.
In 2008 paintings V and VII from the 2005 group are judiciously positioned side by side during a temporary exhibition at the Tate Modern in London. The artist appreciates that he had not given a sufficient breadth to his own creation. He then executes a third series of six paintings. This ultimate series of Bacchus is not the apotheosis of a hostile god but the culmination of the effort of Cy Twombly's entire career for expressing through abstraction the blind rages of the real world.
His Bacchus are abstract paintings consisting of a tangle of vermilion loops on a light flesh-colored background. In 2004 the first set of six includes inscriptions from Greek attesting that Bacchus is not here the god of drinking and debauchery but is in his other role of personification of furious madness.
These lasso loops rise and fall between the top and bottom of the picture in endless spirals. Painted by the artist with a wide brush at the end of a long stick, they are not comparable with the proto-writing loops on his blackboards 35 years earlier. Thin vertical drippings give an idea of the sticky wetness of blood or wine.
Twombly does not immediately exhibit this first series because its vertical format 2.66 m high is not conducive enough to the burst of feelings and perhaps also because his art must be expressive by itself to get rid of the inscriptions. The opus V was sold for $ 15.4M by Sotheby's on May 11, 2016.
The artist makes the second series in 2005 in eight paintings that are immediately exhibited as a whole set by Gagosian in New York. The set is titled Bacchus Psilax Maimomenos, where Psilax meaning wings represents the repeated back and forth of the mind between pleasure and intoxication while maimomenos translates the raging.
The largest variant later numbered V, acrylic on canvas 325 x 494 cm, was sold for $ 46M by Christie's on November 15, 2017, lot 15 B.
In 2008 paintings V and VII from the 2005 group are judiciously positioned side by side during a temporary exhibition at the Tate Modern in London. The artist appreciates that he had not given a sufficient breadth to his own creation. He then executes a third series of six paintings. This ultimate series of Bacchus is not the apotheosis of a hostile god but the culmination of the effort of Cy Twombly's entire career for expressing through abstraction the blind rages of the real world.
2
2022 SOLD for $ 42M by Phillips
The second largest opus in the 2005 Bacchus series by Twombly is an acrylic on canvas 325 x 494 cm. It was sold for $ 42M by Phillips on November 15, 2022, lot 8.
It appears as a twin to the Bacchus V of the same series, sold for $ 46M by Christie's in 2017. The goal of the series is to express the rage of an antique god, but the similarity of the loops and even the drippings in both artworks demonstrates that their extreme turbulence had been carefully conceived in the smallest details with no place to chance.
It appears as a twin to the Bacchus V of the same series, sold for $ 46M by Christie's in 2017. The goal of the series is to express the rage of an antique god, but the similarity of the loops and even the drippings in both artworks demonstrates that their extreme turbulence had been carefully conceived in the smallest details with no place to chance.
2007 Blooming by Twombly
2021 SOLD for $ 59M by Sotheby's
A warrior may feel quiet after the rage. An abstract artist may execute a representation of flowers.
Blooming is a series of six paintings executed by Cy Twombly between the second and third Bacchus series. These monumental works were specially prepared to fit the walls of the Hôtel de Caumont in Avignon for a temporary exhibition in 2007.
The artist indeed did not try a botanical realism. His blossoms are instead a nearly complete filling of the centripetal lasso loops of the Bacchus, from which a similar dripping is hanging.
One of the six opuses bears a small text explaining where the inspiration came from : "Ah! the peonies for which Kusunoki took off his armour”, from a haiku poem by Takarai Kikaku. Kusunoki Masashige had been a famous samurai impersonating an ideal of loyalty. Twombly's "armour" is a bilingual pun associating armor and amour.
On November 15, 2021, Sotheby's sold another opus for $ 59M from a lower estimate of $ 40M, lot 5. This acrylic and crayon on wood panel in six parts 250 x 550 cm overall has been executed in 2007 but is dated 2006, probably in reference to the conception of the project.
In this specific opus, the color of the flowers and drippings is completely blood red over a pale green background. The blossoms form a pattern of lines in crescendo in the signature practice of the artist to express an energy, looking here like a balloon release into the sky. Such a movement is better viewed from bottom up, as invited by the shadows that smoke over the peonies.
In the follow of these peonies, Twombly painted a series of Roses in 2008.
Blooming is a series of six paintings executed by Cy Twombly between the second and third Bacchus series. These monumental works were specially prepared to fit the walls of the Hôtel de Caumont in Avignon for a temporary exhibition in 2007.
The artist indeed did not try a botanical realism. His blossoms are instead a nearly complete filling of the centripetal lasso loops of the Bacchus, from which a similar dripping is hanging.
One of the six opuses bears a small text explaining where the inspiration came from : "Ah! the peonies for which Kusunoki took off his armour”, from a haiku poem by Takarai Kikaku. Kusunoki Masashige had been a famous samurai impersonating an ideal of loyalty. Twombly's "armour" is a bilingual pun associating armor and amour.
On November 15, 2021, Sotheby's sold another opus for $ 59M from a lower estimate of $ 40M, lot 5. This acrylic and crayon on wood panel in six parts 250 x 550 cm overall has been executed in 2007 but is dated 2006, probably in reference to the conception of the project.
In this specific opus, the color of the flowers and drippings is completely blood red over a pale green background. The blossoms form a pattern of lines in crescendo in the signature practice of the artist to express an energy, looking here like a balloon release into the sky. Such a movement is better viewed from bottom up, as invited by the shadows that smoke over the peonies.
In the follow of these peonies, Twombly painted a series of Roses in 2008.
2013 The Grand Snowing Mountains by Cui Ruzhuo
2016 SOLD for HK$ 307M by Poly
Cui Ruzhuo assembles polyptychs composed of vertical panels painted in line and wash on paper in his signature finger ink technique. A single monumental work may occupy a full wall in an exhibition.
The themes chosen by Cui appeal to the Chinese sensitivity. His favorite is the unlimited landscape of snowy mountains, eternally indifferent to men.
The Grand Snowing Mountains, inspired by Jiangnan, was painted in ink and color on paper by Cui in 2013.
It was probably unpaid after being sold by Poly on April 7, 2013 for HK $ 236M, lot 2314, just after being prepared as a set of eight mounted panels 292 x 143 cm.
It was sold at the same venue on April 4, 2016 for HK $ 307M from a lower estimate of HK $ 150M as a mounted set of six for an overall 300 x 870 cm, lot 1213.
The similarity between the two lots leaves no doubt that it is the same piece.
The themes chosen by Cui appeal to the Chinese sensitivity. His favorite is the unlimited landscape of snowy mountains, eternally indifferent to men.
The Grand Snowing Mountains, inspired by Jiangnan, was painted in ink and color on paper by Cui in 2013.
It was probably unpaid after being sold by Poly on April 7, 2013 for HK $ 236M, lot 2314, just after being prepared as a set of eight mounted panels 292 x 143 cm.
It was sold at the same venue on April 4, 2016 for HK $ 307M from a lower estimate of HK $ 150M as a mounted set of six for an overall 300 x 870 cm, lot 1213.
The similarity between the two lots leaves no doubt that it is the same piece.
2014 The Blue Moon of Josephine
2015 SOLD for CHF 49M by Sotheby's
The ground continues to unearth important diamonds. Yet, the discovery announced by Petra Diamonds in January 2014 of a 29.62 carat blue gem from the much famous Cullinan mine in South Africa aroused a particular interest in the diamond community.
The new diamond is fancy vivid blue without inclusion, which is already a great rarity. It was purchased by Cora International, headquartered in New York, which processed it. This fancy vivid blue cut to 12.03 carats is the largest internally flawless blue diamond in cushion shape.
Once completed, it revealed even more exceptional qualities. Its ocean blue color is perfect without a secondary hue. It has no fluorescence. An exposure to ultraviolet radiation generates an intense orange-red phosphorescence that persists for about twenty seconds, a sensational feature which is known only to a few blue diamonds of absolute purity.
It is a masterpiece in both its size and features. It was named The Blue Moon in reference both to its shape and to the saying 'Once in a blue moon' that means a total rarity. It seems inconceivable to find better in its class, especially since the production of the Cullinan mine tends to decrease.
The Blue Moon was sold for CHF 49M from a lower estimate of US $ 35M by Sotheby's on November 11, 2015, lot 513. Please watch the video shared by Sotheby's. Its record value at US $ 4M per carat rewards its absolute purity generating the phosphorescence effect.
It is now referred as the Blue Moon of Josephine.
The new diamond is fancy vivid blue without inclusion, which is already a great rarity. It was purchased by Cora International, headquartered in New York, which processed it. This fancy vivid blue cut to 12.03 carats is the largest internally flawless blue diamond in cushion shape.
Once completed, it revealed even more exceptional qualities. Its ocean blue color is perfect without a secondary hue. It has no fluorescence. An exposure to ultraviolet radiation generates an intense orange-red phosphorescence that persists for about twenty seconds, a sensational feature which is known only to a few blue diamonds of absolute purity.
It is a masterpiece in both its size and features. It was named The Blue Moon in reference both to its shape and to the saying 'Once in a blue moon' that means a total rarity. It seems inconceivable to find better in its class, especially since the production of the Cullinan mine tends to decrease.
The Blue Moon was sold for CHF 49M from a lower estimate of US $ 35M by Sotheby's on November 11, 2015, lot 513. Please watch the video shared by Sotheby's. Its record value at US $ 4M per carat rewards its absolute purity generating the phosphorescence effect.
It is now referred as the Blue Moon of Josephine.
2021 Dmitry Muratov Nobel Peace Prize
2022 SOLD for $ 103.5M by Heritage
In 1993 Mikhail Gorbachev used the money from his 1990 Nobel Peace prize to help founding an independent Russian newspaper, the Novaya Gazeta. The key personality for this operation is Dmitry Muratov, editor in chief from 1995 excepted a two year hiatus from 2017.
It is indeed not a comfortable task. From 2000 to 2009 six of its journalists including two women have been killed in a direct following of their professional investigations.
The 2021 Nobel Peace prize was shared between the Filipino journalist Maria Ressa and Muratov "for their efforts to safeguard freedom of expression, which is a precondition for democracy and lasting peace."
During the Russian-Ukrainian war, Muratov decided on March 22, 2022 to sell his medal to support UNICEF's humanitarian response for children in Ukraine and neighboring countries.
It was sold for $ 103.5M in a single lot auction operated by Heritage on June 20 which is also the World Refugee Day. The bidding was opened on June 1 which is Children's Day in Ukraine. The event is approved by the Norwegian Nobel Institute as a "generous act of humanitarianism very much in the spirit of Alfred Nobel". Please watch the video of an interview of Muratov about that project, shared by the auction house.
A precedent is the sale by Niels Bohr of his Nobel Prize in Physics medal to benefit Finnish relief during the Second World War.
The Russian edition of the Novaya Gazeta was suspended on March 28, 2022 after two warnings from the Russian agency in charge of the control of the communication. Muratov was subsequently splashed by an assailant in the eyes with a mixture of red paint and acetone.
It is indeed not a comfortable task. From 2000 to 2009 six of its journalists including two women have been killed in a direct following of their professional investigations.
The 2021 Nobel Peace prize was shared between the Filipino journalist Maria Ressa and Muratov "for their efforts to safeguard freedom of expression, which is a precondition for democracy and lasting peace."
During the Russian-Ukrainian war, Muratov decided on March 22, 2022 to sell his medal to support UNICEF's humanitarian response for children in Ukraine and neighboring countries.
It was sold for $ 103.5M in a single lot auction operated by Heritage on June 20 which is also the World Refugee Day. The bidding was opened on June 1 which is Children's Day in Ukraine. The event is approved by the Norwegian Nobel Institute as a "generous act of humanitarianism very much in the spirit of Alfred Nobel". Please watch the video of an interview of Muratov about that project, shared by the auction house.
A precedent is the sale by Niels Bohr of his Nobel Prize in Physics medal to benefit Finnish relief during the Second World War.
The Russian edition of the Novaya Gazeta was suspended on March 28, 2022 after two warnings from the Russian agency in charge of the control of the communication. Muratov was subsequently splashed by an assailant in the eyes with a mixture of red paint and acetone.
2021 Beeple the New Bard
2021 SOLD for $ 69M including premium
His website says it clearly : Beeple is Mike Winkelmann. He is a graphic designer who produces digital art in the form of short films and concert visuals and complacently offers some animated images under the Creative Commons license.
Beeple uses the most advanced techniques of Virtual Reality and Augmented Reality. This acquisition of skills did not happen overnight. On May 1, 2007, he made the very clever decision to publish one image per day on the Internet. This visibility obliges him to maintain a professional level in all his experiences.
He never stopped. The 5,000th opus was released on the 5,000th day, January 7, 2021. This set shows a fruitful evolution, in the political sensibility and in the futuristic vision. The characteristic of an artist is to reveal his conception of the universe : Beeple has become a digital artist.
The first 5,000 daily releases were put together as a 21,069 x 21,069 pixel mosaic, which is about 300 x 300 pixels per item. The most current techniques, driven by cryptocurrencies, make it possible to provide a guarantee of authenticity in the form of forgery-proof marks with an NFT protocol in a jpg format.
This unique compilation was prepared on February 16, 2021. Titled Everydays: The first 5000 days, it will be sold by Christie's in an online sale that ends on March 11, lot 1.
There is no antecedent in the history of art and a fortiori in the history of auctions. Bids are in US dollars but the hammer price must be paid in a cryptocurrency defined by Christie's and Beeple, on a wallet address defined in the catalog. The auction fees must be paid separately in dollars.
How much can it be worth ? Christie's responds: "estimate unknown". The auction was opened on February 25. The next day, the starting bid of $ 100 had been covered 120 times, reaching $ 2.4M.
Beeple uses the most advanced techniques of Virtual Reality and Augmented Reality. This acquisition of skills did not happen overnight. On May 1, 2007, he made the very clever decision to publish one image per day on the Internet. This visibility obliges him to maintain a professional level in all his experiences.
He never stopped. The 5,000th opus was released on the 5,000th day, January 7, 2021. This set shows a fruitful evolution, in the political sensibility and in the futuristic vision. The characteristic of an artist is to reveal his conception of the universe : Beeple has become a digital artist.
The first 5,000 daily releases were put together as a 21,069 x 21,069 pixel mosaic, which is about 300 x 300 pixels per item. The most current techniques, driven by cryptocurrencies, make it possible to provide a guarantee of authenticity in the form of forgery-proof marks with an NFT protocol in a jpg format.
This unique compilation was prepared on February 16, 2021. Titled Everydays: The first 5000 days, it will be sold by Christie's in an online sale that ends on March 11, lot 1.
There is no antecedent in the history of art and a fortiori in the history of auctions. Bids are in US dollars but the hammer price must be paid in a cryptocurrency defined by Christie's and Beeple, on a wallet address defined in the catalog. The auction fees must be paid separately in dollars.
How much can it be worth ? Christie's responds: "estimate unknown". The auction was opened on February 25. The next day, the starting bid of $ 100 had been covered 120 times, reaching $ 2.4M.
2021 The De Beers Blue
2022 SOLD for HK$ 450M by Sotheby's
The De Beers Blue, a fancy vivid blue weighing 15.10 carats, is the largest vivid blue made available at auction and the largest internally flawless step cut diamond graded by the GIA. Its stone of about 40 carats has been extracted in 2021 by De Beers in their Cullinan mine.
It is bigger and clearer than the rectangular cut VVS1 14.62 carat Oppenheimer Blue, sold for CHF 57M by Christie's on May 18, 2016. It has the same internally flawless clarity as the cushion cut 12.03 carats of the Blue Moon, remarkable for its 20 second phosphorescent effect after exposure to UV light, sold for CHF 49M by Sotheby's on November 11, 2015.
The step cut, rectangular cut and emerald cut are the best suited to display the perfection of the gem, revealing any defect without pity and displaying the color in its evenly saturated beauty while optimizing the light reflection.
This masterwork of nature and craftsmanship was sold for HK$ 450M by Sotheby's on April 27, 2022, lot 1800.
It is bigger and clearer than the rectangular cut VVS1 14.62 carat Oppenheimer Blue, sold for CHF 57M by Christie's on May 18, 2016. It has the same internally flawless clarity as the cushion cut 12.03 carats of the Blue Moon, remarkable for its 20 second phosphorescent effect after exposure to UV light, sold for CHF 49M by Sotheby's on November 11, 2015.
The step cut, rectangular cut and emerald cut are the best suited to display the perfection of the gem, revealing any defect without pity and displaying the color in its evenly saturated beauty while optimizing the light reflection.
This masterwork of nature and craftsmanship was sold for HK$ 450M by Sotheby's on April 27, 2022, lot 1800.
