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Auction Records Set the Tone at Art Basel

By Sarah Douglas

Published: December 5, 2007
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On-the-ground reports from Art Basel Miami Beach and the satellite fairs.
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Marlborough gallery has a Bacon at Basel, a large oil and pastel on canvas called Study from the Human Body, from 1986. The gallery would not disclose the price.

Rothko
A modestly sized 1968 Mark Rothko painting featuring yellow rectangles floating against a reddish-orange background also graces Van de Weghe's stand. It is priced at $5.5 million. "His prices have gone up, but people understand that his work is the most fun to live with," says the dealer. A Rothko painting from David Rockefeller's collection fetched $72.8 million last May at Sotheby's New York; last month a 1955 painting by the artist fetched $34.2 million at Christie's New York. Stingel and Reyle
Van de Weghe's stand also has some younger artists whose auction markets have heated up recently. A small painting by Rudolph Stingel, whose work is owned by top collectors like Francois Pinault, carries a $125,000 price tag; Stingel's auction record of $1.9 million was set last month for one of his four-part Styrofoam works at Phillips New York. A small work by Anselm Reyle, who was recently picked up by Gagosian gallery, was priced at $220,000. A larger acrylic-and-aluminum-foil piece by the artist brought in $634,956 at Christie's London in October.

Sarah Douglas is staff writer for Art+Auction.

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