I'm still not sold that the art market is recovering (it could be, but it's too soon to tell). But, if it is, the upside is going to the galleries and collectors -- the artists aren't getting squat. November was generally kind to Christie's, Sotheby's and Phillips de Pury, leading to hundreds of millions of dollars in art sales. So, to get their own piece of the art market pie that may or not be forming, artists are starting to go directly to the buyers.

Artist Ryan McGinness hosted a sale of pieces by several artists, with the person who did the work taking home all the spoils. The presale estimate of $47,000 to $57,000 made sense, as the final tally came to $51,300, pretty much in the middle. McGinness himself was present at the event ... via a video connection from Amsterdam.

The traditional auction model trends to benefit collectors rather than artists, as it creates a secondary market for artwork. It's really no different from the stock market. An IPO, if successful, will be the starting point, with the price going up later, to the advantage of all subsequent owners.

Surrealist, modern and postwar pieces will go under the gavel next week at the Christie's Impressioniste et Moderne auction in Paris. More than 140 lots will be offered on December 1, 2009, with presale estimates ranging from $6 million to $9 million. Among the artists represented in the auction, which consists of the Lefebvre-Foinet collection, are Alberto Giacometti, Max Ernst, Henri Matisse and Zao Wou-Ki. The collection was amassed over five generations, with the latest in the family making the decision to sell.

A portrait of Maurice Lefebvre by Giacometti could fetch between $1 million and $1.5 million, but other lots are more attainable. "Lyrical Explosion C," by Alberto Magnelli, is expected to sell for $210,000 to $270,000, and Sonia Delaunay's "Colored Rhythms No. 615" could go for up to $160,000. Playing on the success of the market for Chinese art, Zao Wou-Ki's "5.11.64" could move for as much as $600,000.

Paris has done pretty well through the art market slump, especially when the auctions deviate at least somewhat from the norm. Though there aren't any guarantees, let's keep an eye on this one. It could be the touch of fresh air we need.

[Photo via Christie's]

London fashionistas will have a chance to wear a celebrity's designer gown courtesy of Topshop. The brand has created the Dress Me Up Campaign which features designer dresses owned by stars like Kate Moss, Freida Pinto, Scarlett Johansson, Naomi Campbell and Dita Von Teese. Later dresses will be auctioned off with all proceeds from the rental fee and the auction going to Topshop's chosen charities Age Concern and Help the Aged.

On May 1st RM Auctions will inaugurate a new annual sale in Monaco headlined by a rare Ferrari expected to fetch up to $3.5 million. The Sporting Classics of Monaco event will be held at the Grimaldi Forum during the same weekend as the 7th Grand Prix Historique de Monaco. 80 of the world's finest motor cars will be on offer, headlined by a stunning 1962 Ferrari 400 Superamerica Cabriolet Pininfarina (above). One of only six short wheelbase examples bodied by Pininfarina, the Ferrari, chassis no. 3309SA was the last example built, and displayed as a factory show car at the Geneva and New York Auto Shows in 1962. The car, which recently underwent a no-expense spared, nut and bolt restoration by top tier marque specialists, won an award at this year's famed Pebble Beach Concours d'Elegance. Widely regarded as more exclusive, powerful and luxurious than the SWB California Spider, its offering is set to garner significant attention from collectors around the world.

[via JustLuxe]

More big diamonds and big prices were seen at the Christie's Geneva auction on November 18. A 62.30-carat, D flawless diamond sold for $8.051 million amid a sale which sold 82 percent by lot and 93 percent by value. Aleks Paul of Essex Global Trading in New York paid $130,000 per carat for the 62.3-carat, Type IIa flawless diamond. Paul was on a buying spree, he also submitted the top bids for two natural color diamonds, bidding $2.68 million for a diamond ring by Wolfers that paired a 3.30-carat, rectangular-cut, fancy intense blue diamond with a 3.90-carat E, VS2 diamond estimated at $580,000 to $740,000. He also spent nearly another $2.68 million on a fancy vivid, fancy intense and fancy blue diamond clasp, circa 1950, which had been estimated at $500,000 to $650,000. He has a history of buying or trying to buy important stones. Last year he was the underbidder against Laurence Graff for the Wittelsbach diamond.

In the same sale a 65.20-carat fancy intense yellow, cushion-shaped diamond pendant sold for nearly $1.04 million and a 4.42-carat fancy intense, square-cut green diamond ring sold for $783,000. The largest recorded fancy grayish-yellowish-green "chameleon" diamond in the world, cut into a 19.13 carat briolette and mounted as a pendant, sold for $987,000, setting a new world record price for a chameleon diamond.

The publicity may have slowed down, but Michael Jackson fans are still coming out in force. Several lots soundly beat presale estimates at an auction conducted by Julien's Auctions. The staples of Michael Jackson's image -- such as the famous white glove and the jacket from the "Bad" tour -- went under the gavel. A presale estimate for the entire auction of $80,000 to $100,000 quickly became irrelevant, as bidders sent prices into the stratosphere.

The white glove opened at $10,000 but went immediately to $120,000 before settling at the final price of $350,000 (not including fees and commissions). After all fees and taxes, Hong Kong businessman Hoffman Ma spent around $420,000 for the piece of Americana that Darren Julien, the auction house's CEO, describes as "the Holy Grail of Michael Jackson." It was expected to sell for $50,000.

The black jacket, with all the straps and zippers, that Jackson wore during his 1989 "Bad" tour, also made presale estimates pointless. It closed at $225,000 (before any fees or taxes), more than 20 times the expectation.

At the auction, held at the Hard Rock Café in Times Square, most of the 80 lots pertained to Michael Jackson, generally provided by friends and family who had received them as gifts. Other lots included a car driven by Jackson, a guitar once owned by David Bowie and memorabilia from the Beatles.

Much of the time it's easy to predict the top lot in an auction, one of the highest estimated pieces usually claims the honor. But that's not always the case. How's this for an exuberant art market moment, Emil Filla's "Still life with a Lemon, Bottle of Olive Oil, Bell Peppers and a Bowl of Vegetables", 1925, sold for $266,000 against a pre-auction estimate of just $15,000-20,000 on November 17 at an auction at Bonhams & Butterfields in Los Angeles. The auction set a new world record for the artist at auction. The auction was simulcast to the firm's San Francisco auction rooms.

This auction also included the unused Beatles album art created in 1968 by Jim Dine we discussed earlier this week. The collection of five graphite and watercolor works on vellum sold for $51,850 against an estimate of $25,000-35,000.

49 watches from the private collection of Prof. F. A. Porsche of the famed sports car marque and his sons will be auctioned by Bonhams on Dec. 2 in London during its Fine Watches and Timepieces sale. Included are timepieces by Eterna, Porsche Design, Rolex, Panerai, Jaeger LeCoultre, Breitling, Chronoswiss, Omega and more. Of particular note are prototypes and unique examples of Eterna and Porsche Design watches custom made for the Porsche family. The latter includes a fine 18 carat gold chronograph (above) made especially by Eterna (now owned by Porsche) and presented to Dr. Ferdinand Oliver Porsche for his 40th birthday, estimated at £4,000 - £6,000. Also included in the collection is a very rare Rolex Explorer with ivory dial (£,5000 -£7,000), a selection of Panerai watches including a Luminor Flyback (£3,000 - £5,000), and an original Jaeger LeCoultre Polaris from 1960 (£5,000 - £7,000).

[via JamesList]

A Patek Philippe Yellow Gold Calibre 89 pocket watch, the world's most complex timepiece as mentioned by my colleague Ariel Adams last month, just sold for a world record price of CHF 5,120,000, or $5.068 million at Antiquorum's 35th Anniversary Sale in Geneva. "The incredible result realized for the Calibre 89 in our 35th anniversary auction indicates that the market for the most complicated and important watches in the world remains exceptionally strong," notes Antiquorum Chairman Robert Maron. "We are extremely honored to have sold this exceptional and unique timepiece for the second time in Antiquorum's history and are thrilled that we have once again achieved a world record price at auction." With a staggering 33 complications, the watch weighs nearly 2.5 lbs. and has an 18k yellow gold case. It was made to honor the 150th anniversary of the famed Swiss watchmaker.

It didn't set a new world record but it was pretty close. The Dalmore Oculus, a crystal decanter of a whisky blend using vintages as old as 1868 recently brought in £27,600 ($46,400) at an auction in Edinburgh. The Dalmore Oculus was selected from cask 1781, distilled in 1951, some 58 years old. Rare malts selected from vintages distilled in 1868, 1878, 1922, 1926 and 1939 as well as a bit of the 64 year old were also added.

Bonhams had put an estimate of £15,000 to 20,000 on the Oculus. Bonhams has seen a boom in whisky sales. Bloomberg News reports that the company has sold 98 percent of the lots at its whisky auctions this year. The sale also included the first section of the collection of WIllard Folsom, a collection of 3,000 bottles. The world record, £29,400 pounds was set two years ago at a sale in Glasgow for a bottle of Bowmore made by W&J Mutter's in about 1850.

The three boats that once belonged to Bernie Madoff generated more than a million dollars for victims of his $65 billion Ponzi scheme on Tuesday. Seventy bidders registered with National Liquidators to chase after the boats, along with a Mercedes and another yacht owned by Madoff's CFO, Frak DiPascali.

"Bull," which was Madoff's 55-foot yacht, sold for $700,000, with the 38-foot "Sitting Bull" following at $320,000 and the 24-foot "Little Bull" fetching a mere $21,000. His 1999 Mercedes Benz CLK 320 convertible was good for $30,000, despite the fact that it has only 12,827 miles on it. The top seller was DiPasclai's 61-foot 2003 Viking sport fishing yacht, which sold for $950,000 at the auction.

The sales were helped along by the fact that Madoff took excellent care of his yachts. Bob Toney, president of National Liquidators, told Bloomberg News, "Mr. Madoff has taken better care of his yachts than anyone else I know," continuing, "they were crew-maintained all the time."

Daniel Craig's aviator sunglasses designed by Tom Ford for last year's Quantum of Solace (above) are among a collection of James Bond items in Christie's London's Vintage Film Posters and Entertainment Memorabilia auction on Nov. 24. The shades, estimated at £1,000 - £1,500, are among the more modern 007 mementos in the sale, along with a poker table chair and barstool graced by Mr. Craig's derriere in 2006's Casino Royale, estimated at £1,000 - £1,500. On the vintage front there are some key items from 1974's The Man With the Golden Gun, such as a two-piece black silk evening suit made for Roger Moore for the film, offered at £3,000 - £5,000. Also from that film are the arch villain Scaramanga's custom triggers for the golden gun itself, made in the form of cufflinks which he used to assemble the lethal weapon, estimated at £2,000 - £3,000. On offer as well are a pair of black leather of Salvatore Ferragamo dress shoes worn by Moore in 1977's The Spy Who Loved Me, signed on the inside in gold ink along with a jocular note from the actor, for £800 - £1,200.

[via Duncan Quinn]

I mentioned one auction of some of the furniture from the Yellowstone Club before but now more of the furniture that Edra Blixseth bought to furnish the luxury enclave is set to go up for auction. Kamelot Auction House in Philadelphia will host the sale of the former furnishings and art from the Yellowstone Club on November 21 at 10 a.m. The Blixseths had properties around the globe and travelled extensively finding art and furnishings wherever they roamed. Now as a result of their divorce and Edra Blixseth's bankruptcy these pieces must be sold. The Yellowstone Club collection will be offered without any minimum bids or reserves.

The auction includes nearly 50 rugs. The Blixseths bought from across a wide range of periods and styles but seemed to have a particular fondness for dark carved wood and chairs ulpholstered in velvet. The rosewood and bronze sideboard from a French chateau circa 1875 shown above is just one of their many European purchases. Other items include wooden telephone booths, antique display cases, industrial tables and shelving, taxidermy and vintage sporting equipment. A rare pair of carved and mirrored Victorian billiard cue racks and scoreboard will be offered along with two full-sized bronze horses and Colonial riders and a pair of life-size cast bronze elk which stand nearly ten feet high. A complete catalogue for this auction including photo galleries and detailed descriptions of every lot to be sold is currently available at www.kamelotauctions.com. Bidding by phone will be available for out-of-town customers.

The latest "Bull" from Bernie Madoff is about to be unloaded. His yacht, which bears that name, will join two others under the gavel, and the action before the sale is already impressive. So far, 29 people have thrown down the $100,000 deposit needed to gain a ticket to the party, and the U.S. Marshals Service expects more registrations to come.

There's a theme in the both names. His largest yacht, a 55-foot 1969 Rybovitch sportfisher is called "Bull," and the other two, a 38-footer and a 24-footer, are named "Sitting Bull" and "Little Bull," respectively. Also, Frank DiPascali's 61-foot Viking fishing yacht will be auctioned off on Tuesday. DiPascali was Madoff's CFO.

Non-maritime lots to wind up on the block include a 1999 Mercedes-Benz CLK 320 convertible, with only 12,800 miles on it.

The auction has not been given a presale estimate, figuring that the Madoff name can push prices higher. This is exactly what happened over the weekend, when an auction of the felon's personal effects brought in north of $1 million.

Says Jennifer Crane of the asset forfeiture division of the U.S. Marshals Service, "You can't really put a price on this."

A bottle of beer rescued from the crash of the Hindenburg recently sold at auction for over $16,000 according to This is Wiltshire in the UK. This is significantly above the estimate placed on the bottle of $4,000 - $8,000. The airship crashed on May 6, 1937 over Lakehurst, New Jersey where the bottle and other memorabilia was found by fire Chief Leroy Smith at the scene of the disaster.

Apparently the fire chief found a total of six scorched bottles and a pitcher at the scene. He buried his treasures and then came back afterward to dig them up and hand them out as souvenirs to his colleagues. No one knows where the other bottles are located except for one, which chief Smith gave to the Lowenbrau brewery in 1977, where it remains today. He kept one bottle and the pitcher, which bears the logo of the Deutsche Zeppelin Reedrei airline that operated the Hindenburg. Both pieces are scorched and were sold with letters of provenance and an account of how the items were acquired.

Auctioneer Andrew Aldridge of the British auction house Henry Aldridge and Sons has been quoted as saying "It is the most valuable bottle of beer ever sold." Even though one can still see the contents of the Lowenbrau bottle, the remnants of the beer would be undrinkable. The auction house specializes in relics of disaster and has been the largest auctioneer of memorabilia from the Titanic.