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21st Century

See also : Jewels  Pink diamond  Blue diamond  White diamond  African diamonds  Current art  Freud  Sculpture  Koons  Twombly  Flowers  Animals  UK II  New Chinese painting  Mountains in China  British Royals  
20th Century

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.
Sculpture
Koons
Animals
2000

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 :

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
Jewels
Pink Diamond
African Diamonds
Decade 2000-2009
2003

2003-2004 The Soul of a British Officer
​2015 SOLD for $ 35M including premium

Before he retired in 1994, the figure of Andrew Parker Bowles often appeared in news photos but he remained anonymous despite his imposing posture. Colonel commanding the Household Cavalry before his promotion to the honorary rank of Brigadier, he assured the bodyguard to Queen Elizabeth II.

This aristocrat had previously shared the royal children's passion for horses and polo. The Prince of Wales will much later marry Camilla newly divorced from the Brigadier. The hero attended the wedding without resentment.

Lucian Freud was fond of horses, too, and a longtime friend of Andrew Parker Bowles. He painted his portrait in 2003-2004. During 18 months at a rate of three times a week and four hours per session, the Brigadier came to sit in the artist's studio.

Lucian's process is unique in the history of portrait painting. He rushed to the face of his model to inspect a tiny detail that provoked an equally abrupt return to save it on the canvas. Then he saturated his guest in an endless chatter before being ready to proceed with another detail. Lucian was very witty, which was quite necessary to maintain the patience of his models.

The obsession of the artist was to create lifelike works at the opposite of the dryness of a photograph. His method totally different from Bacon's led also to a strong emotion but Lucian managed to keep the realistic features of his characters. The Brigadier is still admiring today his portrait by Freud, better than life even in the glare of the medals.

The officer is not Sue Tilley. Lucian had not imposed an acrobatic attitude to this dignified sexagenarian who was indeed required to take the same position again at each new session. The result looks like a classic military portrait excepted that it is extraordinary in its psychological rendering.

This oil on canvas 224 x 138 cm is featured in Christie's evening sale in New York on November 10, lot 31B. I invite you to watch the video shared by the auction house, in which this piece is discussed by Brett Gorvy.
Freud
UK - 2nd page
British Royals

2005 Confrontation with Bacchus
​2017 SOLD for $ 46M including premium

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 including premium 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 largest variant later numbered V, acrylic on canvas 325 x 494 cm, will be sold by Christie's in New York as lot 15 B on November 15.

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.

​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.
Flowers
Twombly
2007

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.
Mountains in China
New Chinese Painting

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.
Decade 2010-2019

2016 necklace by De Grisogono
​2017 SOLD for CHF 33.5M by Christie's

Since the depletion of Golconda, the finest pure diamonds of Type IIa are extracted in Austral Africa : South Africa, Lesotho, Botswana, Angola.

​The arrival on the market of exceptional pieces of very recent extraction certainly demonstrates improvements in the techniques of prospecting, but also in the preparation of perfect diamonds.

​On 
November 14, 2017, Christie's sold as lot 505 for CHF 33.5M a diamond type IIa, D color, Flawless clarity. Weighing 163.41 carats, it is the largest perfect white diamond ever offered at auction and one of the largest ever inspected by the GIA. This performance is not the result of chance but of the involvement of the best specialists in the world.

The steps are told in detail by Christie's in the featured post.

The rough stone is extracted in Angola in February 2016. Weighing 404 carats, it is promising while being far from the records. Its quality is confirmed in New York by spectrography. For several weeks a team of experts researches the defects of the crystal.

Its bean form is not directly usable. In June, the world's best diamond cleaver with more than 50 years of experience cuts the stone in two halves from the middle. The polishing in emerald cut lasts six months, facet after facet.

They must now design a piece of jewelry highlighting this unprecedented wonder. The diamond is brought in December 2016 to De Grisogono in Geneva, which designs an asymmetrical necklace of emeralds and diamonds in 44 cm length. The jewel entrusted to Christie's then travels around the world before returning to Geneva for its auction sale

Later this fall @ChristiesInc will #auction off 163-carat #diamond set into a necklace by @deGRISOGONO #degrisogono https://t.co/jvFFoVvZVF pic.twitter.com/dLcwY9bdy3

— National Jeweler (@NationalJeweler) October 2, 2017
White diamond

​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.
Current Art
2020 to now

​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 in Hong Kong on April 27, 2022, lot 1800. Please watch the video shared by the auction house.
Blue Diamond
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