Christie’s, Sotheby’s and Heffel House are a few North American choices when it comes to attending a fine art auction. One needn’t travel all the way to England to find that next masterpiece. Despite a shaky economy, Americans are proving that their love for timeless art pieces has not diminished at all. The trends, in fact, are au contraire!

The fine art auction thrives today, despite the emergence and subsequent popularity of online auctions on eBay. Many bidders still love the wine samples, the dressing up, the perusing a physical gallery and the social aspect of attending an auction in person. Many of Christie’s North American fine art auctions reel in 6,000 to 7,000 eager participants and finish with millions in net gains.

A recent Christie’s art auction in New York City reeled in close to $395 million in net gains, despite having not sold a few of the reserves. Big sellers included Matisse’s “L’Odalisque, harmonie bleu” (1937) which went for a record $33.6 million dollars, following a bidding war. Also, Pablo Picasso’s “Femme accroupie au costume turc (Jacqueline),” painted in 1955, sold for $30.8 million dollars and his “Homme a la pipe” reached $16.8 million.

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This entry was posted on Tuesday, January 29th, 2008 at 8:11 pm and is filed under Arts, Crafts & Hobbies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.