DGAP-News: artnet AG / Key word(s): Miscellaneous artnet AG: artnet Auctions Offers Rare Richard Hambleton Work Amidst Surge in the Late Artist's Market 15.06.2018 / 08:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- artnet Auctions Offers Rare Richard Hambleton Work Amidst Surge in the Late Artist's Market The auctions platform is a key player in Hambleton's growing market New York, June 15, 2018-artnet Auctions is pleased to offer one of the most important works created by artist Richard Hambleton as part of its Urban Art sale, live for bidding now through June 27. Hambleton originally made this untitled triptych for the Mauermuseum located at Berlin's Checkpoint Charlie, which was the sole point of crossing for allied forces at the Berlin Wall during the Cold War. Split down the center like Germany itself, this work is immersed not only in geopolitical history but also Hambleton's own, as it was finished around the same time that the artist famously added his signature Shadowmen to both sides of the Berlin Wall. The work comes to auction both amidst an increase in demand for Hambleton's artwork and following artnet Auctions' sale of the artist's Jumping Shadow Man, which sold for $108,000 (including Buyer's Premium) in May 2018, and is now Hambleton's third most expensive artwork to ever sell at auction. According to the artnet Price Database, seven of the artist's top 10 auction results have been set in 2017 and 2018. The artist's market began heating up in 2010, spurred by the artist's sold-out solo show, which toured international cities that same year. The show was the artist's first foray into public life since the mid-1980s, when Hambleton began leading a more reclusive life. While demand for Hambleton works increased steadily from then on, it saw a dramatic increase in 2017-the same year of his untimely passing, as well as the release of a biographical documentary about him entitled Shadowman and his inclusion in The Museum of Modern Art's 2017 show "Club 57: Film, Performance, and Art in the East Village, 1978-1983." The demand for Hambleton's work now reflects his legacy as an artist whose art was once more valuable than Jean-Michel Basquiat, who pioneered street art, and who continues to have an impact on contemporary artists working today. "Richard was a conceptual artist and his art was to evoke a reaction," said Kristine Woodward of Woodward Gallery, who represented the artist. "In the 1980s, he put his large black shadowy silhouette figures on city streets. It was like a repetitive visual icon of different shadowy figures and if you lived here at the time you became very familiar with them." For press inquiries, please contact: Rita Salpietro DIRECTOR OF MARKETING +1-212-497-9700 ext. 198 [email protected] About artnet artnet is the leading resource for buying, selling, and researching art online. Founded in 1989, artnet's suite of industry-leading products has revolutionized the way people collect art today. The Price Database contains over 11 million auction results from more than 1,700 auction houses dating back to 1985, providing an unparalleled level of transparency to the art market. The Gallery Network platform connects leading galleries with collectors from around the world, offering the most comprehensive overview of artworks for sale. artnet Auctions was the first dedicated online marketplace for fine art, providing a seamless and efficient collecting experience for both buyers and sellers. artnet News covers the events, trends, and people shaping the global art market with up-to-the-minute analysis and expert commentary. artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the segment with the highest transparency standards. ISIN: DE000A1K0375 LEI: 391200SHGPEDTRIC0X31 --------------------------------------------------------------------------- 15.06.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: artnet AG Oranienstraße 164 10969 Berlin Germany Phone: +49 (0)30 20 91 78 -0 Fax: +49 (0)30 20 91 78 -29 E-mail: [email protected] Internet: www.artnet.de ISIN: DE000A1K0375 WKN: A1K037 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 695597 15.06.2018