Sotheby’s shared their 14 Memorable Moments from 2014. One highlight is Gerhard Richter’s monumental abstract canvas Wand (Wall), which sold for over $28M, the third highest price achieved for any painting by the artist. Sotheby’s auction sales for the first half of 2014 stand at $3.12 billion, the highest in the company’s history. Sales of Impressionist and Modern Art have grown by 21% as compared to the same period in 2013 (more at Art Market Monitor).
The 29th annual Coeur d’Alene Art Auction, which specializes in classic Western and American Art, was held on July 26, 2014 in Reno, Nevada and brought in nearly $30 million. Only 13 of 304 lots did not sell, giving the auction a sell-through rate of almost 96 percent.