New York gears up for major Spring auctions after soft 2023

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New York's major auction houses were preparing for the start of their all-important Spring sales on Monday even as Christie's came under a cyberattack that affected its website.

At Sotheby's, the jewel in the sale crown is a Francis Bacon portrait estimated at $30-50 million. Photo: TIMOTHY A. CLARY / AFPwere preparing for the start of their all-important Spring sales on Monday even as Christie's came under a cyberattack that affected its website.

David Hockney, Francis Bacon, Leonora Carrington, Joan Mitchell, Brice Marden, Andy Warhol, Jean-Michel Basquiat, Alberto Giacometti, Georgia O'Keeffe are among the prominent artists on offer when Sotheby's gets the season underway on Monday.There will be no shortage of works by Claude Monet, Vincent Van Gogh and Pablo Picasso in the increasingly globalized market which is still dominated by US collectors.

Sotheby's is setting the bar slightly higher than last year, hoping to fetch between $549 million and $784 million. Unlike Sotheby's, which has put together the more than 700 works it offers for sale, piece by piece, Christie's most prominent works come from two private collections.One of those collections belonged to late television pioneer Norman Lear and his wife Lyn, with David Hockney's"A Lawn Being Sprinkled" worth an estimated between $25 million and $35 million, among the stand-out pieces.

 

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