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‘Study for a Pope l’ to be auctioned by Sotheby’s on July 1

London (livereport) – Sotheby’s London is to offer three paintings by Francis Bacon at its Contemporary Art Evening Auction in London on 1st July. The highlight of the art sale is the “Study for a Pope l” which was created by the artist in the year 1961. The painting is expected to be sold for £25 million–£35 million ($38.3 million–53.7 million). Study for a Pope l is among the artist’s six…

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#art #Auction #Francis Bacon #Sotheby&039;s #Study for a Pope l

VS Gaintonde’s Ink on paper drawings fetches £867,000 at Bonhams

London (Livereport) – V.S. Gaitonde, a modern Indian artist made artisans from the country of India proud by sale of his six artworks at Bonhams Modern and Contemporary South Asian Art in London, making a total sale of £867,000. The sale was held on 11th June and made over 1,370,000 pounds. The Vasudeo S. Gaitonde (India, 1924-2001) Composition No. 4 was sold for £146,500 (INR 14,653,249) inc.…

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#Auction #Bonhams #Ink on paper drawings #VS Gaitonde

Bonhams Chantilly sale to auction Maserati boomerang

France (Livereport) – Known for being one of the most inspiring designs of the 20th century, Maserati Boomerang prototype is to be auctioned at Bonhams’ first ever sale in Chantilly on September 5 in France. Grabbing the attention of all the car lovers, this master piece is wearing a pre-sale estimate of around $4.54 million in the auction. Boomerang first appeared at the Turin Motor show in 1971…

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#Auction #Bonhams #Bonhams Chantilly sale #Boomerang

Pablo Picasso’s ‘Deux personnages (La Lecture)’ at Sotheby’s auction today

London (livereport) – Visualizing the spirit of Picasso’s love affair of early 1930s, Deux Personnages will be auctioned today at Sotheby’s, where the painting is estimated at around $19,901,700 -$ 27,556,200. The painting showcases the period to be the most creative time of the artist’s whole career. The brilliant piece was made by him when he fell in love with Marie-Thérèse Walter, while she…

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#Auction #Deux Personnages #Pablo Picasso #Sotheby&039;s

U.S. manufacturing drops to its lowest since October 2013

U.S. manufacturing declined in June, dropping to its lowest level since 2013, according to the latest Markit Flash U.S. Manufacturing Purchasing Managers’ survey. The index registered 53.4 in June, down from 54.0 in May, slightly below its average since the recovery began in late-2009. The decline points to a strong U.S. dollar continuing to weigh on manufacturing performance. Softer output…

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Canadian retail sales edged down 0.1% in April to $42.5 billion

Ottawa (Livereport) – Retail sales edged down 0.1% in April to $42.5 billion, following gains in February and March, according to the latest data from Statistics Canada. Lower sales at food and beverage stores as well as electronics and appliance stores offset higher sales in most other subsectors. Sales were down in 4 of 11 subsectors, representing 43% of retail trade. After removing the effects…

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Investment in new housing construction in Canada rises 2.3%

Canadian investment in new housing construction rose 2.3% to $3.9 billion in April compared with the same month in 2014, according to the latest release from Statistics Canada. Higher investment in apartment and apartment-condominium building construction was responsible for most of the national advance, rising 7.9% to $1.3 billion. Increased spending in row house construction rose 5.9% to $383…

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Chicago Fed Index shows economic growth slightly below average in May

Chicago (Livereport) – The Chicago Fed National Activity Index (CFNAI) moved up to –0.17 in May from –0.19 in April. Two of the four broad categories of indicators that make up the index increased from April, but only the employment, unemployment, and hours category made a positive contribution to the index in May. The Chicago Fed National Activity Index (CFNAI) is a monthly index designed to…

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Anti-Islamic State forces make gain in Syria and Iraq

Washington (Livereport) – Anti-Islamic State of Iraq and the Levant forces have made significant gains in northern Syria, according to a senior U.S. Central Command official. Combined Joint Task Force-Operation Inherent Resolve Chief of Staff Marine Corps Brig. Gen. Thomas D. Weidley said anti-ISIL forces have made significant gains in northern Syria over the past several months, including…

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Gap to close 175 specialty stores; expand further into China

San Francisco (Livereport) – Gap Inc. (NYSE: GPS) has announced plans to close 175 specialty stores in North America over the next several years, with about 140 closures occurring this fiscal year. Gap also plans to streamline its headquarter workforce, primarily in North America, by approximately 250 roles during fiscal year 2015. “Returning Gap brand to growth has been the top priority since my…

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Conference Board Leading Economic Index for the U.S. increases in May

New York (Livereport) – The Conference Board Leading Economic Index (LEI), a gauge of future U.S. economic activity, increased solidly in May, boosted by a surge in building permits. The increase suggests economic growth was regaining speed after a decline in the first quarter. The Conference Board said on Thursday its Leading Economic Index increased 0.7 percent in May to 123.1 (2010 = 100),…

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U.S. Consumer Prices Rise 0.4% in May, inflationary pressures build

Washington (Livereport) — U.S. consumer prices posted the largest monthly increase in May for the past twelve months, a signal that inflationary pressures are beginning to build. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index was…

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John Wardell Power's Basket of Fruit sets new auction record for artist

John Wardell Power’s Basket of Fruit sets new auction record for artist

Bonhams curated auction of Important Australian Art, a first for Australia, was held in Sydney on 16 June, registering multiple new artist’s records. Sales including buyer premiums totaled $3.89 million, with 86% sold by lot and 110% sold by value. A record-breaking result was achieved for John Wardell Power’s Basket of Fruit, c.1936, which sold for $170,800 including premium, more than tripling…

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Kazimir Malevich’s ‘Suprematism, 18th Construction’ at auction for the first time

London (Livereport) – Coming direct from the artist’s family, Kazmiri Malevich’s ‘Supermatism, 18th construction’ is been auctioned and sold for the first time on June 24th at Sotheby’s forthcoming Impressionist and Modern Art Evening. The painting was made a century ago and is known to be one of the finest works that had made Malevich witness high appreciation for his artistic ventures…

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#art #Auction #Kazmiri Malevich #Sotheby&039;s #Supermatism

Starbucks to close all 23 La Boulange locations in 2015

Starbucks has announced plans to close all 23 La Boulange retail (bakery cafés) locations, as well as the two manufacturing facilities that serve those locations, by the end of September 2015. While Starbucks has successfully delivered an up-leveled food experience with the roll-out of La Boulange products in its U.S. and Canada stores, Starbucks has determined La Boulange stores are not…

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RM Sotheby’s Monterey sale to feature Pope John Paul II’s Ferrari Enzo

RM Sotheby’s flagship Monterey sale, held during the world-famous Pebble Beach Concours d’Elegance week, will offer the most valuable single collection of motor cars ever presented at auction. This annual auction event in mid-August is part of the largest and most important yearly gathering of collector cars and enthusiasts from around the world. The “Pinnacle Portfolio” sale on day 3 of the…

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BANKSYS ‘BALLOON GIRL’ AT BONHAMS PRINT SALE

London (Livereport) – Visualizing the need of hope, a fine artistic creation by Banksy known as “Balloon Girl” is at auction today in the Bonhams British Master Print sale and is estimated at £20,000 – 30,000. Banksy has always been much known for his splendid art work and is referred worldwide as a street artist. But what makes him distinctive from others is the insight of his creation and the…

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#Art print #Auction #Balloon Girl #Bansky

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