219 North Elizabeth Street, 835 W Washington Blvd, Chicago, Illinois 60607
About Auction HouseKavi Gupta is a contemporary art gallery owned by gallerist Kavi Gupta. Headquartered in the West Loop neighborhood of Chicago, the gallery operates multiple exhibition spaces as well as Kavi Gupta Editions, a publishing imprint and bookstore. Kavi Gupta opened in Chicago in 2000.
Auction Previews & News2 Results
- Auction Result
2021’s first quarter yielded record-setting auction results, cautious optimism for in-person events, and the explosion of NFTs. These trends point to both gradual and sudden shifts in the art world, particularly as sellers adapt to the COVID-19 pandemic. Auction Daily checks on the state of the market after an eventful start to the year. World’s first large-scale digital art exhibition (“Virtual Niche — Have you ever seen memes in the mirror?”) at UCCA Center for Contemporary Art in Beijing. Image courtesy of Sipa Asia/Shutterstock. Art Market Reports In late March, art analysts started to consider the state of the market. The Global Art Market Report, co-sponsored by Art Basel and UBS, revealed a pandemic-related decline in art sales through 2020. Clare McAndrew, the report’s author, found that international art revenue fell to 2009 recession levels. A dramatic rise in digital sales combatted the downward trend, passing retail revenue for the first time. “The fall in sales was inevitable,” McAndrew said in an interview. “But the crisis also provided the impetus for change and restructuring, the most fundamental shift being the rollout of digital strategies and online sales.” The Art Basel and UBS report found similar trends specifically in the auction industry. Public auction sales declined by 30% during 2020, finishing at USD 17.6 billion (excluding private transactions). Additionally, the Greater China auction market hub surpassed the United States in 2020. Recent auction results reflect this trend, particularly in Hong Kong. Online auction sales also doubled from 2019 to 2020, now making up 22% of fine art lots. Artnet also released its spring Intelligence Report in late March, focusing on digital trends affecting the state of the market. The authors found that the pandemic affected the art world unequally. The major auction houses emerged with stronger sales than smaller companies despite a major drop in supply. China’s art auction revenues declined by a modest 0.1% compared to a more dramatic 35% in the United States, contributing to the differing market sizes. Despite these numbers, some maintain hope for the 2021 art market. Writing in the Artnet report, Eileen Kinsella suggests that…
- Auction Industry
Contents from Roger Brown’s La Conchita, California Home to be Offered at Auction by Leslie Hindman Auctioneers November 15
Leslie Hindman Auctioneers, in collaboration with the Roger Brown Study Collection of the School of the Art Institute of Chicago and Kavi Gupta, will offer the contents of Roger Brown’s southern California home on November 15, 2018. Brown, seeking a new place to work in a warmer climate, built his Temple of Painting at La Conchita, California, commissioning Stanley Tigerman to design the new home. Interior view of Roger Brown's La Conchita, California home of which the contents will be sold at Leslie Hindman Auctioneers November 15, 2018Leslie Hindman Auctioneers After the house was completed in 1993, Brown quickly applied his discipline of looking, finding and acquiring objects of interest by combing area thrift shops, yard sales and swap meets. The home was filled with arrangements of all manner of objects, especially vernacular ceramics, many of which were incorporated into his Virtual Still Life series of object paintings from 1995 and 1996. La Conchita combined Brown’s interests in architecture, collecting and gardening during the final chapter of his life. The auction will include furniture, decorative objects, pottery, art and sculpture that Roger Brown collected for his Southern California home. Examples of items include Roger Brown’s studio easel, Peruvian pottery, a Gordon Chandler armchair, Kilim rugs and painting materials used by the artist. The auction preview, which opens to the public on November 10, will coincide with Kavi Gupta’s Roger Brown exhibition, which opens the same day. Brief comments about the La Conchita collection will take place at 4pm CT at Leslie Hindman Auctioneers at 1338 West Lake Street. Kavi Gupta’s opening will occur from 2- 5pm CT. Auction proceeds will support the Roger Brown Study Collection of the School of the Art Institute of Chicago. The catalogue is now available online at lesliehindman.com. Leslie Hindman Auctioneers1338 West Lake StreetChicago, [email protected]://www.lesliehindman.com About Leslie Hindman Auctioneers For over three decades, Leslie Hindman Auctioneers has been an industry leader combining recognition as the Midwest’s leading fine art auctioneers with a global reach of buyers. Founded in 1982, sold to Sotheby’s in 1997 and reopened in 2003, Leslie Hindman has remained a force behind high profile auctions of everything from contemporary paintings and fine…