Luxury Real Estate Headlines: Final Week in May 2015

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.
$4,300,000 USD | New York USA | Sotheby’s International Realty – Southampton Brokerage

Listed on the National Register of Historic Places, this brick home designed to look like a castle was built around 1911. The master bedroom, with a free-standing bathtub, sits in a two-story turret. There is a second turret above the kitchen. The property includes a gunite pool and an octagonal pool house. Ultimate Medieval Amenity: A Turret — Wall Street Journal

In Real Estate, Golf Ups Its Game — Wall Street Journal
Condo Owners in West Get High Grades — Wall Street Journal


Russian Works of Art at Sotheby’s London

On June 2nd Sotheby’s London will auction the finest examples of four centuries of Russian decorative art. Encompassing over 110 items ranging from Fabergé pendants estimated at £3,000, to 17th century icons, enamelled champagne flutes, and a magnificent pair of silver six-light candelabra by Pavel Ovchinnikov estimated at £150,000-200,000. This sale is set to provide insight into Russian history and recapture the market’s interest.

086L15113_6KMMJ_EAn Imperial silver-gilt and cloisonné enamel triptych icon, Khlebnikov, Moscow, 1886, est. £100,000 — 150,000

Also up for auction are three exquisite works commissioned by the Romanoffs, offering a rare look into the life of the Imperial family. A writing cabinet from the 1840’s, a rare icon presented to a young Emperor Nicholas II on his eighteenth birthday and a hardstone parrot by Denisov-Uralsky once belonging to the Dowager Empress Maria Feodorovna are among the treasures presented.

001L15113_7SP4B_A (2)A rosewood, porcelain and gilt-bronze writing cabinet, Peter and Ernst Gambs and the Imperial Porcelain Manufactory, St Petersburg, Period of Nicholas I (1825-1855), circa 1842, est. £150,000-200,000

055L15113_6LFBC_AAn Imperial hardstone figure of a parrot, Denisov-Uralsky, St Petersburg, 1913-1914, est. £80,000-120,000

The companies from the Sotheby’s International Realty network that will be attending the auction are ONE Sotheby’s International Realty, Premier Sotheby’s International Realty, Sotheby’s International Realty Inc., Sotheby’s International Realty United Kingdom and Sotheby’s International Realty Moscow.

Luxury Real Estate Headlines: Second Week in May 2015

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

Unknown$13,999,000 USD | West Yarmouth, Massachusetts | Sotheby’s International Realty – Osterville Brokerage

This approximately 5,851-square-foot, four-bedroom house is part of Great Island, a gated community on Cape Cod. It has a tower designed to look like a lighthouse and views of Nantucket Sound and Lewis Bay. The home sits on 3.82 acres with 640 feet of beach frontage and a private deep-water boat slip on a shared pier. Three Summer Getaways on the WaterWall Street Journal

On the Market: A Pierre Koenig–designed home on a bluff overlooking the Pacific OceanArchitectural Digest

House hunting: 7 homes with beautiful natural lightingThe Week

On the Market: An 18th-century neoclassic villa in the hills of TuscanyArchitectural Digest

Metro Home Prices Maintain Steady Growth in First Quarter of 2015National Association of Realtors

Real Estate in St. LuciaNew York Times

Realogy Issues First Annual Corporate Social Responsibility ReportRISMedia

A Rothko Tops Sotheby’s Contemporary Art AuctionNew York Times

Manhattan’s Mid-Sized Market MakersThe Real Deal

Cartier Ruby Sets Record in $161 Million Sotheby’s Jewelry SaleBloomberg

How Blue Hill at Stone Barns Transplanted Its Farmhouse Feel Into a Sotheby’s GalleryThe New York Times

Sotheby’s Second Annual Designer Showhouse in New York

2015 Designer Showhouse.jpg

For the second year, Sotheby’s is pleased to present the Designer Showhouse from April 11-19th. The event, which is sponsored by Sotheby’s International Realty, Inc., will feature thirteen interior designers and design firms who will each curate a room on the fifth floor exhibition space of the Manhattan headquarters. The objects, around 300 in all, come from myriad Sotheby’s departments – American Paintings, Silver, Photography, English Furniture, Carpets, 20th-century Design and more. The show will culminate with a dedicated auction on April 20th. Each space, ranging from a bedroom and living room, to a dining room and library will evoke the designer’s unique aesthetic.

See below for a sneak peek at some of the participating designers and photographs of their recent projects. Their completed designs will be unveiled at Sotheby’s on April 11th.

Kravis & Cullman Living Room

“We love mixing traditional art in a modern setting or hanging a contemporary painting over a beautiful 18th-century chest,” Elisa Cullman of Cullman & Kravis.

Piccione Dining Room

“I really love dining rooms,” says Russell Piccione, who believes that a home is not complete without “a space for the celebration of domestic rituals.”


“The library as an independent space in the home remains very much in vogue in high-end residential design,” says Juan Carretero of New York firm Capital C Interiors.

Eric Cohler Family Room

“They want to live with what they love, but comfortably,” says the New York-based Eric Cohler of the couple he envisions inhabiting the Sotheby’s Showhouse.

Sotheby’s Designer Showhouse is open to the public Saturday, April 11th through Sunday, April 19th on the fifth floor exhibition space of the Manhattan headquarters located at 1334 York Avenue.

Sotheby’s Celebrates Spring 2015 Asia Week NY

This week Sotheby’s celebrates Asia Week 2015 in New York by showcasing the cultures and art of Asia. With over a week of exhibitions, lectures, and events, the citywide program will also include various pieces up for auction. From Sakamoto Gorō and Classical Chinese Paintings, to early Ceramics from the Yang De Tang Collection and much more, the celebration is an extraordinary opportunity for collectors and enthusiasts alike. asiaweek_spring2015_banner_4.jpg.webrend.1920.350 Highlights Include:

003N09336_7YS3BA Rare Blue and White ‘Peony’ Jar, Guan | Yuan Dynasty | Estimate 1,000,000 – 1,500,00 USD

193N09319_7YSNYAn Important Thangka of the Vajradhatu Mandala | Tibet, 11th Century | Estimate 800,000 – 1,200,000 USD

N09317-295_webA Set of Four Famille-Rose ‘Eight Immortals’ Panels by Wang Qi (1884-1937) | Estimated 500,000 – 700,000 USD


A Collector Bridges the Gap

Post provided by Alexandra A. Seno for Sotheby’s Magazine.

TAIPEI – Taiwan-based businessman Pierre Chen is one of Asia’s leading collectors of Western contemporary art. Now, as Alexandra A. Seno reports, Chen is bringing the collection he lives and works with to a wider audience, and in the process, connecting the East with the West.

Museo del Prado 4, the subtly dramatic Thomas Struth photograph, dominates one wall of a conference room at the Yageo Corporation global headquarters, just outside Taipei. The German photographer’s large-scale work, part of his iconic Museum Photographs series, focuses on a group of students on a trip to the great Spanish art institution. The boys and girls linger indifferently in front of Las Meninas, the 1656 painting by Diego Velázquez that has inspired generations of artists, from Pablo Picasso to Francis Bacon.


Pierre Chen, collector and businessman at home in Taipei, where a painting by Georg Baselitz hangs behind him. Photograph by Andrew Loiterton.

Walking into the empty conference room – which otherwise fits about 30 – Yageo founder Pierre T.M. Chen gives the photograph a quick glance before he settles down at the table. The Taiwan-trained computer engineer started Yageo in 1977 and built the company into one of the world’s biggest electronics components manufacturers, with average yearly sales of US$800 million. He has nine factories and offices in seventeen countries, and is actively engaged in Yageo’s day-to-day management.

Chen says: “My business changes very quickly. I am fighting everyday because there is always some new technology coming to the market. For me to have balance in my life, I need art and music.” Hundreds of pieces adorn his offices and homes, and even more are in storage. But starting this summer, four prestigious Japanese museums will exhibit 76 works from Chen’s collection.


In a Tokyo residence, Peter Doig’s Canoe Lake has pride of place in the dining room. Jean-Baptiste Huynh’s Inde-Portrait XXIX and Josè-María Cano’s  RM-Kate Moss Flank the doorway. Photographs courtesy of the Yageo Foundation

It will be the first time that the institutions will show a single, private collection of modern and contemporary art, and it is also the first occasion in Asia that works from the Yageo Foundation can be viewed together in public. The tour begins in June at the National Museum of Modern Art in Tokyo (MOMAT), and then proceeds to the Nagoya City Art Museum in September, the Hiroshima City Museum of Contemporary Art in December and finally the National Museum of Modern Art in Kyoto in March 2015.

MOMAT curator and organiser of the exhibits Kenjiro Hosaka wanted to collaborate with Chen not only because Japanese museums do not usually have access to such works, but also because he was drawn to the collection’s “energy to bridge the gap between Eastern and Western art, which museums in Japan have struggled with for many years.”

“I decided to accept the invitation from Japan because the museum is professional, and because Japanese audiences have a mature appreciation for art. They admire traditional things and also what is new. I also consider Japan as my retirement destination of choice,” says Chen, who keeps a Tokyo apartment, conveniently just five minutes away from MOMAT.



The living room of one of Chen’s Hong Kong homes, with Gerhard Richter’s Abstraktes Bild andMark Tansey’s Mont Sainte-Victoire. Photographs courtesy of the Yageo Foundation.

Born in Tainan, Chen grew up in Kaoshiung to a middle- class family that could trace their roots in Taiwan back for 200 years. He enjoyed going to galleries, and as a student in 1976, he made his first art purchase: a wooden, coconut-sized sculpture by Hong Kong artist Cheung Yee. It cost 25,000 Taiwanese dollars, a sum that took him a year and a half to save as a part-time computer programmer. He proudly keeps it in his office today.

When his company began to do very well, Chen started collecting Chinese artists because he was inspired by their work. As his business expanded to other countries, he would travel, and says he “liked going to museums and galleries because they are a good place to learn.” He read voraciously about art and went to exhibitions, habits he continues today. “I am still discovering,” he says, his eyes lighting up behind his serious, black-framed glasses.

In recent years, Chen has been most excited by Western contemporary art. He took the leap in the mid-1980s and bought an untitled Cy Twombly work because it made him feel “calm,” and later a yellow Warhol fright wig self-portrait because he thought it was “so fresh.” Continue Reading >

Sotheby’s Impressionist & Modern Art Spring Preview / Iconic Works by Picasso, Matisse & Monet

Sotheby’s spring Evening Sale of Impressionist & Modern Art will be held in New York on 7 May 2014 with the New York exhibition beginning this Friday in Sotheby’s York Avenue galleries. Highlights from the sale include iconic works by Picasso, Giacometti, Matisse, Monet and Léger.

“We are thrilled to offer works by three of the greatest masters of 20th century art, each of which exemplifies the artist’s output at a critical moment in their career,” said David Norman, Co-Chairman of Sotheby’s Impressionist & Modern Art Department Worldwide. “Matisse, Picasso and Léger in their unique manner so distinctively catapulted the representation of the figure in to the Modern Age. These paintings, resplendent in color and bold in design, which were respectively executed in successive decades from the 1920s to 40s, resonate with today’s global audience of collectors and connoisseurs.”

Pablo Picasso, Tête de Marie-Thérèse, 1932 / Sotheby's Spring 2014

Pablo Picasso, Tête de Marie-Thérèse, 1932 (est. $15/20 million)

The auction will offer an impressive selection of 14 works by Pablo Picasso, with examples reaching across his remarkable career – from an early drawing dated to 1900, through a late oil painting from 1969. The group features Tête de Marie-Thérèse from 1932, a radiant example of his paintings depicting his beloved mistress of the early 1930s (est. $15/20 million).

Monet La Pont Japonias / Sotheby's Spring 2014

Claude Monet, Le pont japonais, 1918 (est. $12/18 million)

The Evening Sale will offer three impressive canvases by Impressionist master Claude Monet, including Le pont japonais which he painted at Giverny from 1918–24 (est. $12/18 million). Monet’s spectacular images of the Japanese bridge spanning the lily pond of his lush garden are among the most recognizable images of 20th century art.

Henri Matisse / Sotheby's Spring 2014

Henri Matisse, La Séance du matin, 1924 (est. $20/30 million)

Henri Matisse’s La Séance du matin (est. $20/30 million) depicts the artist’s studio assistant Henriette Darricarrère, whose own interest in painting he encouraged by offering her lessons during their working time together. In another version of this same subject, now in the collection of the Metropolitan Museum of Art in New York, Matisse depicts a nude model alongside the studious painter. The present composition instead features Henriette alone, completely absorbed in her own work.

View the entire spring 2014 collection >

Luxury Real Estate Headlines: First Week in April 2014

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.
Sotheby's Magazine April 2014 / Zeng Fanzhi

Zeng Fanzhi / Gutai Goes Global / The Myth and Mystery of Jadeite / Paul Smith’s Britain

The April 2014 issue of Sotheby’s Magazine has arrived and our offices are buzzing! View exclusive content from inside Sotheby’s Magazine >

Houses with vibrant colors looking to shine in the spring sales seasonThe Wall Street Journal

Sotheby’s International Realty Brand Enters the Canary IslandsSotheby’s International Realty

Urban Luxury in the Philippines / House of the Day - The Wall Street Journal

Expanding a Classic in the Hamptons / House of the Day - The Wall Street Journal

Live-In Gallery Near the Santa Fe Opera House Asks $1.5MCurbed

[U.S.] Vacation Home Sales Surge in 2013; Investment Property Declines - National Association of Realtors®

Homebuyers getting priced out in cities across U.S.CNN Money