Convenience, fun and top names tempt a new generation of collectors at Palm Beach Modern Auctions
The First Art Newspaper on the Net    Established in 1996 Monday, November 25, 2024


Convenience, fun and top names tempt a new generation of collectors at Palm Beach Modern Auctions
Top names, eclectic finds and a good time combine to bring bidders to PBMA's Modern Art & Design auctions.



WEST PALM BEACH, FLA.- Art lovers flocked to South Florida – physically and virtually – for Palm Beach Modern Auctions’ February 8th Modern Art & Design sale headlined by a wall-spanning Tom Wesselmann steel-cut floral bouquet which realized $338,000. The premier sale raked in $2.1 million and recorded an overall 90% sell-through rate, a record single-day event for the firm.

“As a new generation develops buying power, the industry changes to reflect their preferences,” says Modern Auctions’ co-owner and auctioneer, Rico Baca, who also mentioned that the live audience trended towards 45-and-under as well.

“We’ve seen growth in bidding specific to mobile devices. If they’re bidding online, they’re on the app, not at their desk on a computer. If they have a phone line, they’re taking the call while out and about. One of our phone reps was certain her bidder was on a date during the call.”

“Location has become less of a factor as well,” continues Baca. “When we opened our doors eight years ago, we were in the category industry people call ‘local sale.’ That doesn’t really apply anymore – not when 65% of bidders and a bulk of consignments are coming from outside South Florida. Those numbers aren’t even considering underbidder locations.” Outside the U.S., the largest number of buyers were from the U.K. and Switzerland. Austria, Canada, Cyprus, France, Germany, Hong Kong, Italy, Japan, Russia, Spain and Venezuela were represented as well.

The auction catalog was as diverse as the audience, offering 550 lots across the spectrum of genres and price points. The Pablo Picasso Madoura ceramics, which saw a 100% sell-through rate, went to Miami, New York, London and Paris. The star of the Picasso show was the rare “Tarasque” jug (lot 125), which realized $71,500.

Filling out Session I were a monumental Ray Parker abstract in three swaths of earthy purples, which realized $91,000 on an estimate of $50,000-70,000 and two Michele Oka Doner sculptural chairs, each of which exceeded expectations. It was no surprise that all phone lines were busy on the Lynn Chadwick “Maquette IV Walking Woman” (realized $104,000 on an estimate of $40,000-60,000) and the George Ohr vase (realized $9,100 on an estimate of $300-500).

Beyond the two stunning Wesselmann “Steel Drawing” bouquets, Session II’s solid lineup included a number of perennial favorites: editions by Fairfield Porter, Pablo Picasso, Joan Miro, Max Ernst, Alexander Calder and Sam Francis as well as photography from Annie Leibovitz, Steven Klein and an intimate Duane Michals gelatin silver print that more than doubled its high estimate.

Session III, presented in conjunction with Urban Culture Auctions, has quickly become known for its curated blend of contemporary cool mixed with niche and nostalgia. A 102” Sebastian Wrong & Richard Woods “Wrongwoods” cabinet for Established & Sons defied its modest $1,500-2,500 estimate, realizing $9,100. Several quirky lots of Space Age electronics made their way to the West Coast. Other lots appealing to younger collectors included a Trey Parker (of South Park fame) “Cartman” drawing, a “Mouton” bookshelf, unattributed but obviously inspired by Lalanne, a new old stock vintage Andy Warhol poster dress and editions at price points perfect for entry-level collecting.

Not only was the crowd younger, but they also lingered later into the evening, said PBMA’s Rico Baca, who attributes some of that to the fact that attending a Palm Beach Modern auction is, simply put, fun.

“When you’re competing for something you want, whether your rival is in the room or on the other side of the world, there’s adrenaline involved. We send out a text alert when the sale goes live, and they jump on it.”

Modern Auctions’ next event will be Saturday, May 2nd at 12:00 noon ET.










Today's News

February 26, 2020

David Hockney unveils new drawings of his close friends in new exhibition

Andrew Jones Auctions' first-ever auction of Collections Curated by Designers of Distinction totals under $2M

Auction House Aguttes announces a rediscovered masterpiece by Sanyu

Convenience, fun and top names tempt a new generation of collectors at Palm Beach Modern Auctions

Smithsonian releases 2.8 million free images for broader public use

Clyfford Still canvas leads the Collection of Harry W. & Mary Margaret Anderson at Sotheby's this May

See $100 million of historic rare coins, Georgia gold and "funny money" in Atlanta

Opera star Domingo apologizes as union probe confirms 'inappropriate activity'

Dulwich Picture Gallery opens an ambitious and wide-spanning survey of the origins of surrealist art in Britain

Exhibition offers an overview of Natalia Goncharova's work from the first four decades of the 20th century

Dallas Museum of Art presents two portraits by 17th-century Dutch painter Frans Hals

Auschwitz Memorial upset over scene in new Amazon series 'Hunters'

Hindman continues to expand nationwide with new locations in San Diego and Washington D.C.

Kehrer Verlag publishes 'Reconciliation' by S. Billie Mandle

Taft Deputy Director and Chief Curator receives prestigious award from French Government

Early coastal scene by landmark Australian painter comes to auction at Ewbank's

Richard Saltoun Gallery opens Annegret Soltau's first solo exhibition with the gallery, 'Spider'

Video art production award winner Hao Jingban presents Opus One

Davis Museum names Nicole Berlin new Assistant Curator of Collections

All-star lineup of pop culture memorabilia announced for Hake's March 11-12 auction

The Menil Collection presents 'Photography and the Surreal Imagination'

Kim Jones of Dior Men & Sotheby's team up for 'Contemporary Curated' auction this March in New York

The largest solo exhibition of Tomás Saraceno's work in Italy is now open at Palazzo Strozzi

Made in Albania: carnival masks that travel the world

China sentences Swedish bookseller Gui Minhai to 10 years jail

Basic Photo Editing in Photoshop: 10 Tips

Los Angeles Audio Visual Companies Can Help Ensure an Event's Success

The artist's checklist for making an impact in 2020

How CBD Gummies Can Help You Become a Better Artist

Easy Games That You Can Make Money With Online




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful