{"id":724,"date":"2021-05-24T09:39:59","date_gmt":"2021-05-24T01:39:59","guid":{"rendered":"https:\/\/www.atelierauction.com\/globalupdates\/?p=724"},"modified":"2021-05-24T09:39:59","modified_gmt":"2021-05-24T01:39:59","slug":"20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours","status":"publish","type":"post","link":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/","title":{"rendered":"$20 M. Joan Mitchell Painting Sells During Art Basel Hong Kong\u2019s Early Hours"},"content":{"rendered":"<p>On Wednesday, <a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">Art Basel<\/a>\u2019s latest iteration in Hong Kong opened to VIP fair-goers, and despite being halved in size as a result of travel restrictions, megawatt purchases are already taking place at the fair.<\/p>\n<p>One came in the early hours of the fair, when L\u00e9vy Gorvy gallery, of New York, Palm Beach, Paris, London and Hong Kong, sold a monumental\u00a0<a id=\"auto-tag_joan-mitchell\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/\" data-tag=\"joan-mitchell\">Joan Mitchell<\/a>\u00a0painting,\u00a0<em>12 Hawks at 3 O\u2019Clock<\/em>\u00a0(ca. 1962), for a price around $20 million to a private collector. (A representative for the gallery declined to name the collector or specify the buyer\u2019s location.) The sale signals the Asian art market\u2019s enduring strength, even as the pandemic rages on.<\/p>\n<p><em>12 Hawks at 3 O\u2019Clock<\/em>\u00a0was one of the star lots offered just three years ago in November 2018, during a blockbuster auction of collector <a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">Barney Ebsworth<\/a>\u2019s estate at Christie\u2019s in New York. There, the painting was expected to fetch between $14 million and $16 million. In a disappointing turn, it ended up hammering below the low estimate, going to an American buyer for a final price of $14.6 million with premium.<\/p>\n<p>In an interview, <a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">Brett Gorvy<\/a>, cofounder of L\u00e9vy Gorvy, said the decision to approach the American collector to consign the Mitchell painting for the Hong Kong fair, which had a $19.5 million asking price, was driven by bullish demand in the region for masterpiece-level paintings. To tap that excitement, the gallery has been mounting one-work exhibitions in cities like Hong Kong as part of a broader strategy to reel in potential buyers. \u201cThere\u2019s a strong interest in Mitchell in Asia,\u201d he said. \u201cIt is a territory where you\u2019ve got incredibly hungry avid collectors, who have been collecting in other fields and now who have been moving very quickly into major Western art.\u201d<\/p>\n<p>The Art Basel sale marks the highest publicly recorded price for the artist, putting it above Mitchell\u2019s 1969 canvas\u00a0<em>Blueberry<\/em>, which sold at auction in May 2018 for $16.6 million and set the artist\u2019s auction record. According to Gorvy, there are Mitchell works that have sold privately for more than $20 million, however.<\/p>\n<p>The market momentum surrounding Mitchell\u2019s art has slowed since 2018. While an upcoming retrospective devoted to the <a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\">Abstract Expressionist<\/a> is set to open at the San Francisco Museum of Modern Art in September, without the spotlight of a New York venue, her market plateau is likely to continue in the West, Gorvy said. But the appetite among buyers for Mitchell\u2019s \u201cstrong female voice\u201d is still ripe, particularly in Asia. In countries with few museums with deep Western art holdings, fairs can act as one of the main venues for seeing high-quality works.<\/p>\n<p>Gorvy, who was unable to travel to the fair but worked remotely with the gallery\u2019s Hong Kong team, said that this year\u2019s edition was still buzzing with activity in its early hours, adding that there remains a \u201c<a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">feeling of growth<\/a>\u201d and \u201c<a href=\"https:\/\/www.atelierauction.com\/globalupdates\">constant change<\/a>\u201d in Hong Kong.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Source\uff1ahttps:\/\/www.artnews.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, Art Basel\u2019s latest iteration in Hong Kong opened to VIP fair-goers, and despite being halved in size as a result of travel restrictions, megawatt purchases are already taking place at the fair. One came in the early hours of the fair, when L\u00e9vy Gorvy gallery, of New York, Palm Beach, Paris, London and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,13,7,4,3],"tags":[157],"class_list":{"0":"post-724","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artist","8":"category-auction","9":"category-events","10":"category-gallery","11":"category-latest-news","12":"tag-art-basel"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$20 M. Joan Mitchell Painting Sells During Art Basel Hong Kong\u2019s Early Hours - Investable Art Auctioneer<\/title>\n<meta name=\"description\" content=\"On Wednesday, Art Basel\u2019s latest iteration in Hong Kong opened to VIP fair-goers, and despite being halved in size as a result of travel restrictions, megawatt purchases are already taking place at the fair.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$20 M. Joan Mitchell Painting Sells During Art Basel Hong Kong\u2019s Early Hours - Investable Art Auctioneer\" \/>\n<meta property=\"og:description\" content=\"On Wednesday, Art Basel\u2019s latest iteration in Hong Kong opened to VIP fair-goers, and despite being halved in size as a result of travel restrictions, megawatt purchases are already taking place at the fair.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/\" \/>\n<meta property=\"og:site_name\" content=\"Investable Art Auctioneer\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-24T01:39:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.atelierauction.com\/globalupdates\/wp-content\/uploads\/2021\/05\/Screen-Shot-2021-05-19-at-4.38.08-PM-e1621515134739.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"899\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Chloe Nicholls\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chloe Nicholls\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/\",\"url\":\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/\",\"name\":\"$20 M. Joan Mitchell Painting Sells During Art Basel Hong Kong\u2019s Early Hours - Investable Art Auctioneer\",\"isPartOf\":{\"@id\":\"https:\/\/www.atelierauction.com\/globalupdates\/#website\"},\"datePublished\":\"2021-05-24T01:39:59+00:00\",\"dateModified\":\"2021-05-24T01:39:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.atelierauction.com\/globalupdates\/#\/schema\/person\/8970f67f73afbf7d021dbf09ccb32744\"},\"description\":\"On Wednesday, Art Basel\u2019s latest iteration in Hong Kong opened to VIP fair-goers, and despite being halved in size as a result of travel restrictions, megawatt purchases are already taking place at the fair.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.atelierauction.com\/globalupdates\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$20 M. Joan Mitchell Painting Sells During Art Basel Hong Kong\u2019s Early Hours\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.atelierauction.com\/globalupdates\/#website\",\"url\":\"https:\/\/www.atelierauction.com\/globalupdates\/\",\"name\":\"Investable Art Auctioneer\",\"description\":\"Atelier Auction\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.atelierauction.com\/globalupdates\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.atelierauction.com\/globalupdates\/#\/schema\/person\/8970f67f73afbf7d021dbf09ccb32744\",\"name\":\"Chloe Nicholls\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.atelierauction.com\/globalupdates\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/17de1bd86f8b21c51e6105f410fd264e72dda3abc6429dc91326e1a0ab2c365c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/17de1bd86f8b21c51e6105f410fd264e72dda3abc6429dc91326e1a0ab2c365c?s=96&d=mm&r=g\",\"caption\":\"Chloe Nicholls\"},\"url\":\"https:\/\/www.atelierauction.com\/globalupdates\/author\/chloe-nicholls\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$20 M. Joan Mitchell Painting Sells During Art Basel Hong Kong\u2019s Early Hours - Investable Art Auctioneer","description":"On Wednesday, Art Basel\u2019s latest iteration in Hong Kong opened to VIP fair-goers, and despite being halved in size as a result of travel restrictions, megawatt purchases are already taking place at the fair.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/","og_locale":"en_US","og_type":"article","og_title":"$20 M. Joan Mitchell Painting Sells During Art Basel Hong Kong\u2019s Early Hours - Investable Art Auctioneer","og_description":"On Wednesday, Art Basel\u2019s latest iteration in Hong Kong opened to VIP fair-goers, and despite being halved in size as a result of travel restrictions, megawatt purchases are already taking place at the fair.","og_url":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/","og_site_name":"Investable Art Auctioneer","article_published_time":"2021-05-24T01:39:59+00:00","og_image":[{"width":1200,"height":899,"url":"https:\/\/www.atelierauction.com\/globalupdates\/wp-content\/uploads\/2021\/05\/Screen-Shot-2021-05-19-at-4.38.08-PM-e1621515134739.png","type":"image\/png"}],"author":"Chloe Nicholls","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Chloe Nicholls","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/","url":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/","name":"$20 M. Joan Mitchell Painting Sells During Art Basel Hong Kong\u2019s Early Hours - Investable Art Auctioneer","isPartOf":{"@id":"https:\/\/www.atelierauction.com\/globalupdates\/#website"},"datePublished":"2021-05-24T01:39:59+00:00","dateModified":"2021-05-24T01:39:59+00:00","author":{"@id":"https:\/\/www.atelierauction.com\/globalupdates\/#\/schema\/person\/8970f67f73afbf7d021dbf09ccb32744"},"description":"On Wednesday, Art Basel\u2019s latest iteration in Hong Kong opened to VIP fair-goers, and despite being halved in size as a result of travel restrictions, megawatt purchases are already taking place at the fair.","breadcrumb":{"@id":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/20-m-joan-mitchell-painting-sells-during-art-basel-hong-kongs-early-hours\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.atelierauction.com\/globalupdates\/"},{"@type":"ListItem","position":2,"name":"$20 M. Joan Mitchell Painting Sells During Art Basel Hong Kong\u2019s Early Hours"}]},{"@type":"WebSite","@id":"https:\/\/www.atelierauction.com\/globalupdates\/#website","url":"https:\/\/www.atelierauction.com\/globalupdates\/","name":"Investable Art Auctioneer","description":"Atelier Auction","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.atelierauction.com\/globalupdates\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.atelierauction.com\/globalupdates\/#\/schema\/person\/8970f67f73afbf7d021dbf09ccb32744","name":"Chloe Nicholls","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.atelierauction.com\/globalupdates\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/17de1bd86f8b21c51e6105f410fd264e72dda3abc6429dc91326e1a0ab2c365c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/17de1bd86f8b21c51e6105f410fd264e72dda3abc6429dc91326e1a0ab2c365c?s=96&d=mm&r=g","caption":"Chloe Nicholls"},"url":"https:\/\/www.atelierauction.com\/globalupdates\/author\/chloe-nicholls\/"}]}},"_links":{"self":[{"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/posts\/724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/comments?post=724"}],"version-history":[{"count":1,"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/posts\/724\/revisions"}],"predecessor-version":[{"id":726,"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/posts\/724\/revisions\/726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/media\/725"}],"wp:attachment":[{"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/media?parent=724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/categories?post=724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.atelierauction.com\/globalupdates\/wp-json\/wp\/v2\/tags?post=724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}