The closure of New York City’s Four Seasons restaurant after more than 50 years of calling East 52nd Street home, led to some interesting repercussions: disgruntled staff, badly behaved guests, and one wildly successful auction.
Unexpectedly that sale, which was held at Wright’s Auction House last month, broke Pablo Picasso’s streak as the most popular artist at auction.
Each month, artnet’s “Price Database” tracks the most popular artists at auction, record-breaking works, and trends on what and how to collect. And according to the database, the late design duo L. Garth and Ada Louise Huxtable beat the famous artist to the top spot last month.
The pair, who designed much of the Four Seasons’ tableware, had a total of 224 works offered up for grabs at the auction which lasted 14 hours.
The “Price Database” also found that Christie’s London came out on top with the highest sale total in July, a whopping $104,414,551. A figure certainly helped by the sale of Peter Paul Rubens’ “Lot and his Daughters”, which brought in over $50 million on July 7. [artnet]