Antique Auction

Abstract art remains mysterious and incomprehensible to many people. It's common to hear: Why draw like any kid can doodle? Why do people pay money for "it"?

Abstract Expressionism stands for the spontaneous expression of the artist's inner world in chaotic forms with strokes, strokes, splashes or blotches that are illogically organized on a canva, creating a chaotic mass. This was another turning moment in art, when content, or concept, became more significant than the picture itself on canvas and ushered in a new era in art, postmodernism.
This style, which was neither entirely abstract nor expressionist, had two notable subgroups: the method of "action painting," or gesture painting, whose prominent proponents were Jackson Pollock and Willem de Kooning, and the color-field painting fashion used by Mark Rothko and others. Jackson Pollock is a great example of an abstract expressionist painter who went above and beyond the call of duty, and his work still exceeds the expectations of many people looking into antique paintings for sale. His artwork "No. 5" sold for $140 million in May 2006, setting a record for selling antiques and becoming the most expensive painting ever sold in history.

^{Jackson  Pollock. № 5. 1948. Source: wikipedia}

Its value wasn't eclipsed until 2011. Despite the picture's initial lackluster reception, it later won praise from critics and is now ranked as the world's tenth most popular painting to have the highest antique painting price and to be sold at auction as of 2022-2023. Demand for Pollock's art is high, and antique dealers that buy antiques are searching for those who were already lucky to buy vintage paintings of Pollock's work.

In addition, not left out of the hands of connoisseurs' who buy antique art is Willem de Kooning's "The Exchange," which so far is the most expensive abstract painting sold in 2015 for $300 million (254 million euros).

It's important to comprehend how and why this significant artistic era developed into what it is today.

The turmoil and misery of the First and Second World Wars prompted many artists from the continent to relocate to the United States. The gradual growth of an abstract painting school was one of the repercussions of this growing European influence.

The mass of American avant-garde artwork was shaped by movements that began in Paris, which is still the heart of worldwide art.

Education also had an impact; German artist Hans Hofmann, a teacher at the New York Art School from 1933 to 1958, had a big influence on artists. Not to mention, a number of American benefactors and collectors, most notably Peggy Guggenheim, served as active and creative mentors. The center of action for the arts was New York City. Many abstract painters and sculptors from New York banded together in 1936 to create a group known as the American Abstract Artists in order to show and promote their work, particularly at American institutions like the Museum of Modern Art (MoMA), which typically favor European works. German artist Hans Hofmann, an instructor at the New York Art Students League, Balcombe Green (1904–1990), the group's founding leader, recruited Jackson Pollock, Willem de Kooning, and Joseph Albers as early members. It foreshadowed what was to follow.

^{Josef Albers. Proto-Form (B).1938. Source: wikipedia}

When Europe was in upheaval in the early 1940s, New York subtly took the place of Paris as a hub for avant-garde art. This occurred along with the rise of Abstract Expressionism, the first prominent American art trend (flourishing from 1943 to the late 1950s).

^{Cover image: Jackson Pollock. Going West.1934-1935. Source: wikiart}