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Our history

2017

July - July brought many pleasant surprises to the Artmark auction house. The two stars of the Collectible Weapons and Military Accessories Auction were long applauded. ENIGMA encryption machine, made in 1941 in Berlin by Heimsoeth & Rinke, was highly desirable, with 7 distinct participants participating in the “battle”. Starting from a price of EUR 9,000, the lot was claimed after 24 bids by an online participant in the country for EUR 45,000. And the Holland & Holland hunting rifle, made for King Carol II and confiscated and modified for Nicolae Ceaușescu, was sold for the amount of EUR 32,500 (starting price EUR 12,000), after 15 bids. With a total of approximately EUR 225,000, the Post-War and Contemporary Art Auction was the best summer auction dedicated to young art from July 2013 to date, which indicates an increasing openness of the art market to established contemporary artists. The auction delighted the audience and brought several author records, including: “Week-end” by Șerban Savu was claimed for EUR 17,000 (starting price EUR 6,000) and “Căi paralele” by Marin Gherasim was sold for EUR 4,000 (starting price EUR 2,000). Also, within the Post-War and Contemporary Art Auction, the work of Ion Țuculescu, “Toteme căzute”, was sold for EUR 60,000 (the second highest price in 2017 for the artist).

June - For the first time in the Romanian art market, the most significant painting by Samuel Mützner, “Curtezane din Shimabara” (estimated at EUR 150,000 - 250,000) was auctioned off. Present in the Summer Auction, the work was sold for EUR 160,000. Also, in the Summer Auction, the painting “După petrecere (Natură statică cu fructe și vin franțuzesc)” by Theodor Aman was claimed for EUR 130,000, and “Carpe diem” by Adrian Ghenie, estimated at EUR 6,000 - 9,000, was sold for EUR 68,000. The Summer Auction had a total award value of around EUR 930,000. The auction for a Mihai Eminescu collection has sparked in turn real passions: “Convorbiri literare”, years I-XXV, and “Poesii”, the full collection of all Maiorescu editions, were sold for EUR 12,000, the first edition in original cover was sold for EUR 10,000, and Mihai Eminescu’s Chest was sold for EUR 7,000. The Vintage Jewellery Auction had a total value of EUR 84,205 and an award rate of around 75%.

May - May was a very busy month: 10 Artmark auctions. The first was the “Images of the Sacred” Auction, in which an icon on wood, Brâncoveanu School, “The Holy Apostles Peter and Paul”, was sold for EUR 10,000, double the starting price. This first auction was followed by: The Auction of a surreal collection (Guttman, Perahim, Ackerman) and the auction “The Harpsichord of Kings. From Versailles to Peleș” - Auction for raising funds intended for the restoration of the historical harpsichord from the Peleș Castle collection. The Auction of an important Modern Art collection had a total award value of EUR 322,700, and within it the work “Crizanteme și dumitrițe” by Ștefan Luchian was sold for EUR 90,000. The “Artist's Universe” Auction brought together a collection of antiques and decorative art belonging to sculptor Shapira Shain. The auction of a Nicolae Vermont’s collection had a total award value of EUR 117,350 and an award rate of 90.48%. In the Sculpture and Garden Furniture Auction, the work entitled “Adio, arme!” by Spiridon Georgescu was sold for EUR 17,000 (starting price EUR 4,000). It was followed by the Art Nouveau and Art Deco Auction and the Naïve Art Auction and the last auction of May: Post-War and Contemporary Art Auction had an award rate of 71.88% and a total award value of EUR 239,000. The work “Christ” by Adrian Ghenie was awarded for EUR 26,000 and the sculpture “Double New Hyphen” by Paul Neagu - for EUR 20,000.

March - The first Artmark Contemporary Art Auction in 2017 was the best since the establishment of the Romanian art market. With a total award value of over EUR 450,000, the initial record from July 2013, of EUR 321,000, was broken. Also, at the Post-War and Contemporary Art Auction, the most author records were registered, including: Georgeta Năpăruș – “Animal mitologic”, EUR 13,000 and Sultana Maitec - “Cosmos”, EUR 12,000, and Adrian Ghenie’s “Enigma” got a response after 24 bids and was sold for EUR 80,000. Also, for the first time in the Romanian art market, the Rare Papers Auction put up for sale a selection of European engravings from the collection of Paul Davidsohn, signed by the famous masters Rembrandt van Rijn, Albrecht Dürer, Martin Schongauer and Lucas Cranach. “A Young Man in a Velvet Cap (Ferdinand Bol)” by Rembrandt van Rijn was sold for EUR 9,000. The Spring Auction had an award rate of 81.50% and a total value of EUR 953,650. The star of the auction, “Bretonă la Brolle” by Nicolae Grigorescu, was sold for EUR 140,000, and “Orientală” by Theodor Aman - for EUR 95,000.

February -the Memorabilia Sports Auction - “History of a symbol: Oțelul Galați” was a unique one. In this auction, the FC Oțelul Galați Brand was sold for EUR 10,000. The Corneliu Vadim Tudor Collection Auction also took place this month. The following were auctioned off: a fragment of the pedunculate oak of Țebea, rare books, handwritten letters, old icons on wood and glass, but also a Chrysler LX 300C (EUR 12,000). The “Mărțișor” Auction had an award rate of over 88% and a total exceeding EUR 280,000. The star “trinkets” were: "Țărăncuță cu fuior" by Nicolae Grigorescu (sold for EUR 45,000), "Drum de țară" by Ioan Andreescu (sold for EUR 35,000) and "Fetiță blondă" by Nicolae Tonitza (sold for EUR 22,000).

January - We started the year with two important auctions: Portrait Masters Auction, including a collection of George baron Löwendal, and Camil Ressu Atelier Auction, both recording an award rate of over 85%. The stars of this session were the following artworks: "Copil cu fundă verde" by Nicolae Tonitza (awarded at the maximum estimated price, EUR 120,000), "Țărăncuță din Rucăr" by Nicolae Grigorescu (sold for EUR 55,000) and "Aișé" by Camil Ressu (sold for EUR 47,500).

2016

December - This Edition brought joy to Artmark house and not only, setting a new absolute record of the art market. The painting “Țărăncuțe (De la fântână)” by Nicolae Grigorescu was sold for a record figure of EUR 320,000. The work has an exceptional artistic value, which is also proven by the interest shown by collectors during the Artmark auction. Grigorescu therefore comes back on the leading position of the top of best-selling artists in the Romanian art market. The auctions of December ended with a total of EUR 1,328,110.

November - The auctions of November ended with a total of approximately EUR 515,000. The stars of the Post-modernism and Contemporary Art Auction were the work “Jurământ (Amprente pe covor)” by Ion Țuculescu, sold for EUR 40,000, and the painting “La pyramide rouge” by Horia Damian (EUR 13,000). The pocket watch of poet Mihai Eminescu, awarded for EUR 19,000, confirmed that the “History of Romanians” is always alive. The Halfon-Elias Family Collection Auction brought important names from the European art present for the first time in the Romanian art market, such as the work “Le Rêve” by Alfred Boucher, awarded for EUR 35,000. The Interior Auction managed to keep up: the Louis XV style fireplace set was awarded for EUR 5,500, and the work “Sat de pescari” by Gustave Vorel was sold for EUR 5,000.

October - The event of October was the Artmark Autumn Auction, which ended with a total of approximately EUR 610,000, with an average award rate of 93%. Artist Adrian Ghenie entered the Romanian market with the work “Christ” (EUR 125,000), in the elite of the major artists sold with over EUR 100,000, also becoming the best-selling author in the avant-garde and contemporary segment (in front of Victor Brauner, awarded in 2013 for EUR 120,000, and respectively of Ion Țuculescu, awarded in 2011 for EUR 105,000).

September - The auction session of September has prompted an important cultural decision for Romania. Therefore, following the Constantin Brâncuși Auction, the collector who claimed 9 lots of the 11 sold made the decision to initiate the creation of a museum space dedicated to “Constantin Brâncuși - the man”. The future museum will contain personal artefacts of the great artist. The events of this month brought a total of almost EUR 400,000. Records were registered in the case of the following lots: “Hătmăneasa Maria Cantacuzino” by Mihail Topler (EUR 12,000), “Item created by Constantin Brâncuși, knitting needle set made with Ballor Torino vermouth stoppers for female painter Natalia Dumitrescu” (EUR 6,500, starting from only EUR 1,270), “Flori de toamnă” by Constantin Piliuță (EUR 7,500) and “Micuța păstoriță” by Nicolae Vermont (EUR 2,500).

July - The auctions of July ended with flattering results for the Romanian art and book market - the best sold Eminescu lot of the Great Romanian Poets auction was the Maiorescu first edition - EUR 15,000, the most valuable book award in a Romanian relevant auction; in the Post-modernism and Contemporary Auction, the sculpture “Edgerunner” by Paul Neagu was sold for a record amount of EUR 25,000.

June - In a room that turned out to be too small, the Summer Auction obtained an award rate of almost 80% and total sales of around EUR 580,000. The over 20% new participants, successful bidders for the first time in a public auction, have contributed to a quite a show, all against the backdrop of conservative estimates and temperate expectations.

May - The month of May brought at Artmark a new author record for the famous artist Geta Brătescu, her work, “Vestigiu”, being awarded for EUR 17,000, by EUR 10,000 more than the previous record.

April - The April auction session ended with good results, with several memorable awards, with a total of over EUR 235,000 and the best award rate, of 94%. Sabin Bălașa charmed the audience with his “Muse”, which almost equalled the artist’s author record, the work being sold for EUR 17,000, while the Porsche Junior 108T Tractor was sold for EUR 13,000.

March - The long-awaited results of the Spring Auction were significantly above the estimates made by the house experts, with an award rate of over 85% and a total exceeding EUR 311,000. Also, in the March Auction Session, the Auction for the Collection of philosopher Emil Cioran stood out, with an award rate of 90% and spectacular increases.

February - The February 2016 Auction Session ended with a total of approximately EUR 400,000 and those who sought gifts or trinkets with a story chose their pieces with which they will surprise their loved ones. The Post-modern and Contemporary Auction also brought a personal record for an engraving by Roman Cotoșman, which was sold for the first time with an amount four times higher than the starting price, of EUR 2,750.

January - January 2016 brought a very valuable result for the Romanian art market - EUR 105,000 for the Flag of a legion of Avram Iancu, this being technically the maximum value offered, the real, symbolic and national value remaining invaluable, untranslatable in numbers for all of us, forever.

2015

December - The highlights of the gift month at Artmark were the total of over EUR 600,000 and the author record of EUR 10,000 for the contemporary artist Mircea Suciu.

November - The November auctions brought a new author record for Ion Grigorescu (“Măști”, sold for EUR 15,000) and the best result in the last two years for Ion Țuculescu (“Metamorfoză”, sold for EUR 65,000), as well as a number of spectacular increases (by 18 and 22 times respectively compared to the starting price in the case of a text bound belonging to General Antonescu and, respectively, a Modern Geography of Dacia dated 1862) for numerous documents with museum value within the Auction “Collection of a Romanian. Corneliu Vadim Tudor”.

October - The 27/29 October Auction Session set a total of EUR 650,000, bringing a new author record for Sabin Bălașa (“Flori de măr”, EUR 18,000), as well as many important results for Ion Țuculescu, Theodor Aman, Nicolae Grigorescu, Hans Mattis Teusch or Octav Băncilă. The spectacular awards included the Breguet watch (EUR 16,000) and the Romanian Battle Flag, from the period of Mihai I (EUR 1,600, from EUR 250).

September - September brought two important records in the Romanian art market: EUR 160,000 for the work “Natură statică cu căpșuni” by Theodor Aman and EUR 26,000 for the famous stamp “Cap de Bour 27 parale”, becoming the most valuable stamp sold in Romania at an auction.

July - The last auctions in the 2014-2015 season, from the seaside, the Orientalism auction and the Navigation and Hunting auction, brought a total of EUR 200,000 and an average award rate of over 75%.

June - The Summer Auction brought a total of almost EUR 500,000, with an award rate of approximately 80% and 107 participating paddles. The most interesting result was the equality between Nicolae Tonitza and Theodor Pallady, both obtaining EUR 73,000 for the traded works. The new author record of Octav Grigorescu (“Oraș pe apă”, EUR 5,500) was also remarkable.

May - The 26/28 Auction Session brought the first auction in 2015 with an award rate of 100%, the Auction “2 Masters of Romanian Values: Ludovic Bassarab and Honoriu Crețulescu”. An impressive result was also the full award of the Theodor Aman engraving collection (almost EUR 30,000). The total of the two auction evenings exceeds the amount of EUR 400,000.

April - The Spring Auction brought the most important result for 2015 in the Romanian art market. Nicolae Grigorescu’s “Țărăncuța cu fuior” won the title of star of the evening and the applause of the auction room, being awarded for the value of EUR 85,000.

March - The first auction ever dedicated to the great artist Sabin Bălașa took place in March, which resulted in an award rate of 100%. The Avant-garde and Contemporary Auction brought a new record for the contemporary artist Ion Grigorescu (Biserica, EUR 13,000), and the party membership card of Nicolae Ceaușescu from the “Golden Age” Auction was awarded for the amount of EUR 2,000 (increasing by more than 6 times). The month was also marked by an important change in Artmark management, writer Horia-Roman Patapievici becoming the new President of the Auction House.

February - The first Artmark auction of the year gathered over 250 art lovers, collectors and connoisseurs, bringing a total of almost EUR 300,000 for all the three collections. With 75 distinct participating auction paddles and an average of award rates of 74.32% (Lucia and Dr. Ionescu Collection being awarded at a rate of 90%), the “3 Collections and 3 Collectors” Auction enjoyed the attention of the whole audience throughout the event.

2014

December - The Christmas Auction recorded an award rate of 85% and a total of approximately EUR 165,000, the results being by 50% higher than in 2013. The absolute star of the auction was Nicolae Ceaușescu’s car, the Paykan Hillman-Hunter limousine, which exceeded the starting value by almost 10 times, bringing EUR 37,000 in 43 bids. The last Artmark event of 2014, the Winter Auction, enjoyed the presence of approximately 500 art lovers, an award rate of almost 90% and a total of almost EUR 650,000, also bringing several unexpected author records.

November - The Autumn Auction - Top 100 Grand Masters of Romanian Art, held in the evening of November 19, confirms the growing interest for sculpture, which was proven by the absolute record of artist Dimitrie Paciurea. Awarded for the amount of EUR 70,000 (the previous record was EUR 2,500), the work “Himera Pământului” ensured for Paciurea a significant ascent in the Top 100 Grand Masters of Romanian Art. Other important acquisitions were: “Fetița Acrobatului” by Nicolae Tonitza (awarded for EUR 75,000), “Car cu boi” by Nicolae Grigorescu (awarded for EUR 62,000), “Spaima” by Corneliu Baba (awarded for EUR 40,000), “Vedere spre Place Dauphine” by Theodor Pallady (awarded for EUR 42,500).

September - The September 23/24 Auction Session inaugurated the new season of the art market with a total of half a million Euros. The two premières, the “Corneliu Baba and the Disciples” Auction and the “20th Century Ceramics” Auction enjoyed an auspicious start, attracting the attention of experienced collectors. On the other hand, the Romanian Impressionism and Post-Impressionism Auction has proven (again) its supremacy, gathering over 250 people enthusiastic about art, from simple enthusiasts to true connoisseurs, with an award rate of almost 75%. The stars of this session were Grigorescu’s painting “Fetița în roșu”, awarded for EUR 60,000, and two works through which Corneliu Baba consolidates his author record of EUR 50,000 (“Copilul arlechinului” and “Prolog, Răscoală, Epilog” Triptych).

July - The evening of July 10, in which the Postwar & Contemporary Sale took place, added on the list of Romanian contemporary artists some promising names for the Romanian art market and even for the international one. Some for the first time, others already listed in the art auctions and who have obtained notable author records, brought together a total of almost EUR 140,000. The other auction of the evening, Judaica, brought a total of almost EUR 50,000, with an award rate of 75% and confirming the importance of this event for the Romanian multicultural life. On July 27, the Marine and Sailing Auction brought a total of over EUR 117,000, while the Elegance and Vanitas Auction brought over EUR 120,000.

June - The evening of the Bucharest-Cluj Duplex Summer Auction (June 10) brought a lot of spectacular awards. The surprise of the evening was the large number of Cluj art lovers (around 300) who took on the challenge of participating in the first art auction of such scale in their city and who competed with Bucharest residents (approx. 350). The Summer Auction had a total of almost EUR 600,000 and an award rate of 83%. June 24/25 Auction Session brought a total of over EUR 330,000. The audience proved again a particular interest in the life of Romanian dictator Nicolae Ceaușescu, the proof being the record amount offered for his office furniture (EUR 55,000, 5 and a half times more than the starting price). But those present in the auction room were equally captivated by the fine art of old masters, Ioan Andreescu being the success of the June 24 evening. The surprises of the session included the increased interest of trophy collectors in the Riding and Hunting Auction, the auction having an award rate of almost 90%.

May - The month of May brought an award rate of 100% for the Margareta Sterian’s Heritage Auction, from an important German collection, therefore proving that she is one of the most appreciated Romanian artists. At the same time, the Military and Antiques Auction brought spectacular awards in the collectable chapter, of which we mention a silver badge, the Guard Artillery Regiment, with the figures of Kings Ferdinand and Carol II, being purchased for EUR 1,800 (15 times more than the starting price).

April - the Post-War and Contemporary Art Auction of April 8 brought three important author records. A new record for Horia Damian, through the work “Eve endormie”, purchased for the amount of EUR 11,000. He is joined by the contemporary artist Diet Sayler, with a record of EUR 6,500 for the work “Construcții pentru mâine”, as well as by Corneliu Brudașcu, with the work “Înger”, awarded for the amount of EUR 6,000. The evening of Wednesday, April 16, started with a rapid pace imposed by wine enthusiasts who awarded 80% of the total lots of the wine section, then continued by participants who purchased 100% of the lots of the icon section within the Traditional Values Auction, which had a total award rate of 77.78%. The Jewellery Auction brought spectacular increases for the “Lily of the Valley” brooch, which was awarded at the value of EUR 1,000 (four times the starting price), the “Sapphire flower” pendant, also purchased for the amount of EUR 1,000 (compared to a starting price of EUR 280) or the emerald and diamonds ring (which climbed from EUR 450 to EUR 1,600)..

March - The March 6 evening brought at the “Gen. Constantin Doncea Collection" and “Golden Age” Auctions almost 750 participants in the room and in the virtual environment, through the online auction platform, Artmark Live. Doncea Collection turned out to be a pleasant surprise for the art lovers, which was proven by the award rate of 92.31%, the total award amount being EUR 263,670. Two author records were set, through Gheorghe Anghel and Richard Hette. With an award rate of the lots of 84.74% and a total of EUR 57,605, the “Golden Age” Auction was considered a success on the relevant collectibles market in Romania. The 2014 Spring Auction took place at the end of March, bringing 221 actors of the art market, which raised their bidding paddles, online or directly on the stage of the auction, 350 video-viewers, over 300 participants in the room, a total of EUR 642,750, an award rate of 82.47%, a record for Oscar Han (EUR 12,000) and other spectacular awards.

February - The Auction Session organised by Artmark during February 18-20 continues Artmark tradition of “Mărțișor” Auctions, bringing on the stage of the Romanian art market two author records for Constantin Isachie Popescu, who set a value record of EUR 6,000 with the work “Intimitate”, and for George Nichita, whose painting, “Reculegere”, became the best-selling work of the artist (EUR 4,750, almost double the maximum estimate). The first auction evening turned out to be one of the most expected evenings by the online enthusiasts of miniature Romanian art masterpieces, Artmark Live being used by 1,700 different visitors, with 17,000 views at an interval of 10 minutes. Within the Curiosity Cabinet - Art of Photography, Music and Writing Auction, the star lot was a rare item, a Wurlitzer Jukebox from the 1950s, which was awarded at the price of EUR 20,000, 10 times more than the starting price. It is worth mentioning in particular Nicolae Tonitza, with the star lot of the evening, “Pregătiri de masă (Interior IV)”, purchased for the amount of EUR 85,000, which thus becomes the best-selling painting of Tonitza dating from the painter's "red" period (1919 - 1923).

January - The art market comes with novelties in 2014 for the most dynamic segment, the contemporary art, following the auction dedicated by Artmark in the evening of January 28. The Post-modernism & Contemporary Auction brought, at the first edition of this year, author records - including that of Georgeta Năpăruș (EUR 12,000 for the work “Prapor”, compared to the previous record, of EUR 8,000, recorded by Artmark, in April 2013) or the record of Constantin Flondor (EUR 4,750, for the work “Înmugurire”, compared to the previous record, of EUR 2,000, recorded in 2011 at Artmark) - important premières of artists with good sales internationally (such as Daniel Spoerri, EUR 2,000, over three times the estimated maximum value, for the collage on cardboard "Tableau piège"), promising results of young contemporary artists (such as Ugron Reka, "Freedom", awarded for EUR 2,250). Total sales exceeded EUR 200,000 and the award rate of the lots amounted to 73%.

2013

December - An award rate of 97%, total sales of around EUR 1.2 million, a record number of distinct participating bidding paddles (283), the longest series of lots awarded consecutively (134 lots) - all these confirm that the Winter Auction, Anniversary Edition “Artmark - After 5 Years” was a breakthrough. The event in the evening of December 18, organised at the Romanian Athenaeum in the presence of over 600 art lovers, participants in the room and online (it is worth noting the record of online participation, through the Artmark Live service - 110 online participants), recorded results that place it as the best auction of 2013 in Romania.

November - The White-Black Auction organised by Artmark in the evening of November 21 confirms the growing interest in graphic works made by great Romanian artists, both heritage and contemporary. With revenues of EUR 105,000, an award rate of 80% and 111% compared to the maximum estimates of the House, respectively with 10% over the sales of the profile auctions of 2011 and 2012 and the record for the most expensive drawing sold on the Romanian art market - EUR 11,000 for “Visare, Portretul Zettinei Urechia” by Nicolae Grigorescu, double the starting price -, the auction allowed a comparative analysis of the graphic of important artists, established primarily as painters. The second auction of the evening of November 21, the “Enlightenment Romania - First Lights” Auction, also recorded a percentage increase of over 10%, where a rare copy of a book by Dimitrie Cantemir sets the record: „Istoria Creșterii și Descreșterii Imperiului Otoman” (History of the Rise and Fall of the Ottoman Empire), sold for EUR 8,000, double the starting price. In comparison, in 2012, a copy of the “Descrierea Moldovei” (Description of Moldavia) volume, by the same author, was sold for EUR 5,000.

October - From the miniature "Cadâna" of the old master Theodor Aman to the "Ritualic object" of the contemporary Victor Man, the Autumn Auction brought to the approximately 400 participants from the Great Hall of the Radisson Hotel a dialogue and a confrontation of generations of artists on the art market. Dedicated to the Romanian artists also present in the recently launched Top 100 made by Capital, 2013 edition, the Autumn Auction recorded on Friday evening total sales of around EUR 900,000 and an award rate of 84%, results that make it the most successful event in the art market this season and the second most important this year, after the Spring Auction (EUR 1 million).

September - The Romanian Impressionism and Post-Impressionism Auction confirms the popularity of the works integrated in this artistic current and the value of its great masters (Grigorescu, Tonitza, Petrașcu, Ressu etc.) in the Romanian cultural space. With revenues of almost EUR 600,000 - a figure almost 50% higher than the starting value of the lots - and a high participation - 113 distinct participating paddles, an award rate of 87% - the Artmark auction is a good tool to measure Romanians’ preferences in terms of valuable, established art.

July - The Romanian contemporary art market confirms from one edition to the next the constant upward trend. Artmark announces the highest total values in the Post-modernism and Contemporary Auction. In the evening of July 10, total sales amounted to EUR 322,000 - a 22% increase compared to the average of the house's previous estimates. They are also by 11% higher than the previous record of contemporary art revenues, of the Artmark auction of April 2013, respectively by 33% higher than the average of 2012 auctions. At the same time, the highest award rate was recorded (92%, compared to the previous record of 89%), the most bidding paddles in a Romanian contemporary art auction (105) and almost 20 author records.

June - The Summer Auction brings for Artmark total sales of EUR 750,000, a high award rate, of 93%, which highlights the current trend on the Romanian art market, encouraged by the accessibility of the works, an opportunity for collectors. Among the important results of the auction, we mention: “Noapte bună!” by Nicolae Tonitza, awarded for EUR 90,000, “Narcise și lalele” by Theodor Pallady - for the amount of EUR 33,000 or “Viața la țară” by Rudolf Schweitzer-Cumpăna - for the amount of EUR 28,000.

May - The third edition dedicated by Artmark to the Old Masters registers the best result of 2011 to date: total revenues of approximately EUR 450,000 (compared to the 2011 and 2012 editions with 13% and 50% higher respectively) and an award rate of 94% (with 14% higher compared to 2012 and 9% than in 2011). At the same time, the Old Masters of Romanian Painting Auction brings a new author record: EUR 150,000 for the masterpiece "Ulcică cu flori de câmp" by Ioan Andreescu, compared to the previous record, of EUR 135,000, recorded in the 2011 edition. The painting “Întoarcerea de la târg”, signed by Nicolae Grigorescu, was sold for EUR 150,000, while the small “Vas cu garoafe” by Ștefan Luchian, coming from the famous Bogdan-Pitești collection, was awarded for the amount of EUR 40,000.

April - The circle of art investors is widening. The session of six auctions organised by Artmark during April 16-18 brings total sales of EUR 800,000, an award rate of 80% for the almost 500 lots proposed, with almost 400 distinct participating paddles, at a total audience of around 700 persons. The status of the art market in the crisis period relies on price affordability, an excellent opportunity for investors to enrich their collections, respectively for novices in this market segment - to acquire the taste of an elegant and safe investment.

March - The Spring Auction established itself at Artmark as the best result so far for the Romanian art market in 2013, in terms of both total sales, reaching the amount of EUR 1 million, and the award rate, of 97% (the best award rate of an auction in Romania, after the Artmark anniversary auction, in December 2011).

February - The auction session organised by Artmark during February 19-21 brings three exceptional results for the Romanian art market: the profitability index of the Romanian art market (ART-C=Art Consacrat) reached an all-time high, of 3182 points; Victor Brauner adds to the 7 great Romanian artists with record-sales of over EUR 100,000 in the Romanian market, with the award of the work “Poetul Geo Bogza arată capului său peisajul cu sonde” at a price increasingly close to the value of the Romanian painter on the international market; at the same time, a new record of total online awards for an auction session - EUR 207,660 (over 25% of the turnover of the auction session in February).

January - The Romanian art market opens the year on the right foot: the two auctions conducted in the evening of January 30 at Athénée Palace Hilton, the Important Romanian Art Auction & the Post-modernism and Contemporary Auction, bring for Artmark total sales of EUR 800,000, an award rate of 88% and over 100 author records. Contemporary art has an increasingly defined shape on the relevant Romanian market, recording an increase by 20% compared to the previous record, the Post-modernism and Contemporary Auction organised in November 2012, respectively a 27% increase compared to the average of the relevant auctions organised by Artmark last year.

2012

December - Total sales of over EUR 1.6 million, an award rate of 95.5%, 10 new author records and a podium monopolised by the masterpieces of painter Nicolae Grigorescu, this is the status of the Art Lovers Gala - the Christmas Auction, the best auction for the Romanian heritage art, which ends the year 2012 on an optimistic note.

November - With total sales of over EUR 600 thousand, an average award rate of almost 80%, an average rate of reaching the maximum limit of evaluation of over 80% and an audience of around 600 persons, the November 13, 2012 Auction Session, focused on the diversity and accessibility of artwork and collectibles put up for sale, has reaffirmed Romanians’ potential for art investment, in the stimulating context in which, at international level, the largest auction house in the world registers outstanding amounts (USD 345 million, Sotheby’s record in the 268 years since establishment, was set on the same evening of Tuesday, November 14, 2012, when Artmark was holding the Art Nouveau Auction). With total sales of EUR 240,000, an award rate of 83.12% (64 of the 77 proposed lots) and the most distinct participating paddles (96), the Post-modernism and Contemporary Auction opens the November 13-15 Auction Session on an optimistic note. The total sales is the highest in the short history of relevant auctions (the fifth contemporary art auction, the first being organised only in April 2011) and creates good expectations for the future evolution of contemporary art on the Romanian market.

October - The fourth edition of the Autumn Auction reflects a clear evolution of the Romanian art market at the level of established artists, in the adverse context of significant RON depreciation, compared to the previous years: the 2011 Autumn Auction (EUR 1,000,000), the 2010 Autumn Auction (EUR 745,000), the 2009 Autumn Auction (EUR 300,000). With total sales of EUR 1,045,000 and an award rate of 96.3% (130 of the 135 proposed lots), the Autumn Auction - Great Masters of Romanian Painting is part of the series of successful events of the domestic art market, bringing back to the limelight positions already established by the best rated artists in the Top 100 most valuable Romanian painters - Nicolae Tonitza, Nicolae Grigorescu, Camil Ressu, Theodor Pallady, Alexandru Ciucurencu, Ion Țuculescu, Marcel Iancu, Theodor Aman or Gheorghe Petrașcu. October - Capital Magazine launches at the Cesianu-Racoviță Palace Top 100 most valuable Romanian painters, the first ranking in Romania made on this topic. The classification was made by Artmark experts based on the evaluation of each artwork traded in public auctions, retaining exclusively the author records registered in the analysed period. The first edition of the collection album "Top 100 most valuable Romanian painters" also contains a supplement with the most beloved female painters and sculptors, the most valuable contemporary artists, artists established abroad and top 25 largest art collectors in Romania. October - The second edition of the Royal Romania Auction organised by Artmark successfully reconfirmed the tendency of diversification of the Romanian art market. With an award rate of 72.66% and total sales of EUR 65,000, the event marks the first auction dedicated to collectibles in the art year 2012-2013.ecare de 72,66% şi un total de vânzări de 65.000 de euro, evenimentul marchează prima licitaţie dedicată obiectelor de colecţie din anul artei 2012-2013.

September - Artmark opens the autumn auction season on an optimistic note. Total sales of approximately EUR 1 million an award rate of 92.45%, in the first important event of the year 2012-2013: The Impressionism and Post-Impressionism Auction.

August - Artmark organises the first vintage car auction in Romania. Culminating with exceptional results and an award rate of 100%, Artmark opens a new segment of the luxury market.

July - The second international auction takes place, Mamaia – Monaco duplex: Art Impressionniste et Moderne & Bijoux. With an award rate of 98%, the auction reaffirmed the originality of Romanian painting in the Western world, undoubtedly coming ahead of a key chapter in the history of Romanian art, that of repositioning heritage art in a European context.

June - „Ciobănaș cu turma de oi” by Nicolae Grigorescu was sold for EUR 195,000, within the first international Artmark event, the 2012 Summer Auction, in Bucharest-Chișinău Duplex, a first in the regional art market. With a total of around EUR 1.35 million and an award rate of 96% of the number of lots, the auction brought 20 author records to Romanian and Moldovan heritage artists, also recording a participation performance.

May - The special Artmark auction "The Most Beloved of Earthlings" showed the popularity of the childhood theme in the Romanian heritage and contemporary art. 83% of the lots were awarded, with total sales of over EUR 222,000, and the main lot of the evening, the painting “Copil în rose” by Nicolae Tonitza, was sold for EUR 75,000, the beating of the hammer being reserved for one of the 21 children invited to plead, in front of a full room, for as many exceptional paintings and sculptures. May - The May Theme Auction Session proposed around 400 exceptional pieces, from antique paintings, to fine silver pieces, from sculpture, to antique furniture and curiosities. The auctions brought total sales of around EUR 400,000, accumulated during three event evenings, which attracted numerous new participants in the hottest market of the moment. The first auction exclusively dedicated to decorative artistic creations in silver, bringing total sales of around EUR 100,000, was received with interest by participants, who opted for functional and ornamental objects with accessible values.

April - The activity of the Artmark Institute of Art Management was inaugurated with the first session of intensive courses, focused on the needs of investors and collectors, an engaging introduction to art history and the workings of the art market. April - the selection of the thematic auction session combined masterpieces from important collections - awarded at a rate of 100% - with sculpture pieces and garden furniture, a thematic première. The Post-modernism and Contemporary Auction followed, with the highest award rate of the number of lots for this segment, 89%, sign of increased confidence in the works of the famous artists of the last half century. The second day of auctions brought the Art Nouveau, Romanticism and Biedermeier Auction, which culminated with the sale of the masterpiece “După baie” by Ștefan Luchian for the amount of EUR 85,000, an author record for a pastel painting by Luchian. The evening continued with the Rare Wines Auction and Military and Antiques Auction, which proposed an impressive collection of collectibles, some true museum pieces.

March - The 2012 Spring Auction offered over 200 major Romanian artworks, at affordable values, in an evening that confirmed the confidence in the power of the art market, through the total sales of EUR 1.3 million and an award rate of 91%. The award of the work “Trei frați” by Nicolae Tonitza for the amount of EUR 170,000 marks the artist’s entry with a second artwork in the Ranking of the 10 most important sales on the Romanian art market, in a top dominated by emblematic works by Grigorescu.

February - February continues the tradition of Artmark Mărțișor Auctions with an evening dedicated to small painting and sculpture masterpieces, and another - to vintage trinkets, jewellery and decorative art. The selection of lots conquered the audience, being sold at a rate of 113% of the estimated maximum total value. The third day of the February auction session brought, for the first time, an auction on the theme of Romanian cinema stars, followed by the Post-modernism and Contemporary Auction, which obtained the highest award rate by lot and value of all Artmark auctions dedicated to this category.

January - The calendar year started with two unique themes for the Romanian auction market: The Golden Age Auction, dedicated to collectibles, and the Avant-garde and Expressionist Auction, a selection of artworks representative for the currents that brought international appreciation for Romanian artists. The last lot of the auction, the painting “Portret pentru mai târziu (Poetul Ion Minulescu)” by Victor Brauner, set the highest value of the evening, being sold for EUR 75,000, a record amount for the Romanian space.

2011

December - With total sales of over EUR 1.6 million and an award rate of 99%, the Winter Auction exceeded in scale almost all parameters of a Romanian art auction, of which the value record of an artwork on the market - EUR 290,000 for the work “În iatac” by Nicolae Tonitza - and the highest total sales in an art auction, EUR 1,605,350, the highest award rate, the most numerous audience - almost 800 persons - and the most distinct participating paddles, during the four hours of the auction.

November - Artmark opens, at the first floor of the Cesianu-Racoviță Palace, the “Dependent de Artă” art boutique, the showroom of the online platform DependentdeArta.ro. In addition to the heterogeneous offer of decorative art, painting, graphics and photography, the store launches the first exclusively Romanian art bookstore in the country: art albums, raisonné and exhibition catalogues, monographs, insights from the art market world. The book corner of the “Dependent de Artă” art boutique becomes, only a few months after its inauguration, the “Ground 0” of the Romanian art publications. New publications, but also albums that have not seen the light of Bucharest bookstores - titles published by museums and galleries in the country - come together in a single bookstore, giving a bookish note to the selection of decorative art, painting, graphics and photography that “Dependent de Artă” exhibits. November - In a marathon of 6 auctions, conducted during 3 consecutive evenings, the Nicolae and Hrisanti Petresco Collection Auction witnessed an award rate of 100%, reaching a total value close to the maximum estimate, proof that the heritage painting works from acknowledged collections are increasingly sought after by collectors and investors. In the same evening, the second Artmark auction dedicated to Contemporary Art took the total young art sales at Artmark in 2011 to over half a million Euros, a performance for the debut year of specialised auctions.

September - Artmark launches the online store www.dependentdearta.ro,, the newest cultural shopping project in Romania, the only one of this magnitude, dedicated exclusively to the fine arts. The Dependent de Artă store is an original platform for the art market in the country, which brings together objects of antique decorative art, contemporary design, but also small paintings and sculptures at affordable prices. Dependent de Artă is the first art store in Romania that takes on the task of making transactions transparent, while importing in the art gallery market the usual benefits of online commerce: secured online payment, quick delivery, integrity and/or luxury packaging. September - The Romanian Impressionism and Post-Impressionism Auction, at the second edition after the inaugural one in September 2010, reconfirmed the appreciation of the art market and collectors’ optimism, registering in a year an increase in sales value by 59%. Compared to September 2010, when a new record of the art market was set with the work “Car cu boi” by Nicolae Grigorescu, awarded for EUR 155,000, in 2011, two paintings of the master exceeded the threshold of EUR 200,000, in an auction with total sales of EUR 1,292,000.

June - Artmark associates, Alexandru Bâldea and Manuela Plăpcianu, buy back the residual share package of 29% in guarantee at the initially associated Swiss investment fund, fully repaying the three-year loan contracted in August 2008. Artmark also becomes the first art auction house in Romania financed by a bank, Millennium Bank granting a loan of EUR 1 million to implement its projects. June – The auction “My first painting” inaugurates a new five-star framework for the Artmark theme auctions: Athénée Palace Hilton Hotel's "Le Diplate" ballroom. June – The buyer of the work „Fata cu mărgele roșii (Țărăncuță odihnindu-se)” by Nicolae Grigorescu - which holds the position of the most expensive painting sold in Romania - gives it into the custody of the Brukenthal National Museum, for a period of one year. June - The 2011 Summer Auction crowns a successful year of the Romanian art market, the event also marking a peak of audience participation and willingness to buy. The total of the evening amounted to over EUR 1,600,000, a record sum, and the award rate achieved was 95%, with three solid sales, of which two of over EUR 200,000, affirming the growing power of the Romanian art market. June – In the new headquarters of the ArtSociety Cultural Centre from C.A. Rosetti no. 5, the Bucharest Art Gallery opens, through a three-year partnership between the two institutions. After more than three decades since the capital works of Romanian art are kept far from the eyes of the public, deprived of an exhibition space, the Cesianu-Racoviță Palace offers its elegant rooms for the presentation of the rich heritage of the Art Gallery, in regular curatorial exhibitions.

May – The Old Masters of Romanian Painting Auction brought three records on the Romanian art market: a new author record for the work “Ulcică cu flori de câmp” by Ioan Andreescu - EUR 135,000, which also set the most expensive square centimetre of art in Romania - EUR 270 and the most intensely auctioned lot - the work "Țărăncuță" by Ștefan Luchian. May - Artmark Auction House inaugurates its new headquarters: The Cesianu-Racoviță Palace, located in the heart of Bucharest, across the road from the National Museum of Art of Romania. The historical building, built by a French architect for an aristocratic family from Bucharest, now receives a noble function: that of housing works of art and an activity oriented towards the development of the Romanian art market.

April - The work „Fata cu mărgele roșii (Țărăncuță odihnindu-se)” by Nicolae Grigorescu sets a new record on the Romanian art market: EUR 270,000, within the Art-Nouveau and Romanticism Auction, consolidating Grigorescu’s supremacy in the top of Romanian art sales. In the Post-modernism and Contemporary Auction, which followed in the same evening, the largest work of art ever put up for auction in the world was purchased for EUR 35,000, entitled “Prințesa” (4.5 x 20 m), by Alexandru Bunescu (b. 1988, Sibiu) April – The Romanian Art Market Index, Catalogue of Annual Returns (1995 - 2010) of the most traded Romanian artists, reaching the second edition, was launched at the Bucharest Stock Exchange. The index comes to meet the needs of investors interested in diversifying their portfolio of alternative investments, showing the average return of the Romanian art market in the last 16 years - 36%, so higher than the average annual return, for the same period, of investments in gold, land or Romanian securities. The average return in 2010 (compared to 2009) is 40%.

March - The Spring Auction marks a historic moment: exceeding the psychological threshold of EUR 200,000 for two works by Nicolae Grigorescu. „Cârciumă la Rucăr” climbed on the first position in the ranking of the best-selling paintings on the Romanian market, with EUR 230,000, followed by the other star of the Spring Auction, the landscape by the same author “La marginea pădurii”, awarded for EUR 200,000. At the same time, the auction achieved for the second time a total exceeding one million Euros.

February - The 2011 Mărțișor Auction registers a new author record for Ion Andreescu with the work “Femei în parc”, sold for the amount of EUR 130,000, placing the work on the sixth place in the top best-selling works of art. February also brings at Artmark two significant débuts through the first Decorative Art Auction and the first Romanian Collectible Wine Auction.

2010

December - The 2010 anniversary Winter Auction, the second national duplex Sibiu (Hilton) - Bucharest (J.W. Marriott), organised in partnership with the Brukenthal National Museum and with the support of local Rotary and Lions clubs, marks two national records: the painting “Păstorița” by Nicolae Grigorescu, coming from the same reputable collection dipl. Vasile Stoica, is awarded for EUR 175,000, author record, respectively the 89 lots awarded (of a total of 98 auctioned) total around EUR 1.3 million, a record sales figure.

November - The lots of the “12+1 Impressionist and Post-Impressionist Masterpieces from Private Collections” Auction are 100% awarded (including two sales of over EUR 100,000, Nicolae Tonitza’s "Golgota", from the collection of diplomat Vasile Stoica, returned by the National Museum of Art of Romania in 2009, awarded for EUR 125,000, new author record, borrowed a month later by the collector acquiring the permanent exhibition of the Prahova Art Museum "Ion Ionescu-Quintus", respectively "Panseluțe" by Nicolae Grigorescu, awarded for EUR 115,000). November – The second annual Sculpture Auction (Romanian and European), hosted by Ghika Palace in Bucharest, manages an award rate of 71% (compared to the rate of the first sculpture auction in November 2009), validating a new heritage art market sector.

October - The 2010 Autumn Auction, the first national duplex between two art auction rooms located in different cities, Timișoara National Opera + J.W. Marriott Bucharest, places face to face the knowledge of Bucharest residents on the quotations of publicly traded artists and the art exchange game with the option of the people of Banat for beauty, at affordable prices. This results in a record award rate of 96%, a presence of about 700 participants and a sales figure of around EUR 750 thousand, where Bucharest awards about 55% of the works of art for sale, and Banat and the adjacent areas about 45%.

September - The first Romanian Impressionism and Post-Impressionism Artmark Auction sets new records on the Romanian art market - about 650 participants, an award rate of over 88% of the lots put up for sale, a turnover of over EUR 800 thousand, respectively over 400 author records (out of 112 lots awarded). “Car cu boi” by Nicolae Grigorescu, a large composition representative for the “white” period of the national artist, is awarded for EUR 155,000, dethroning the second place previously held by Ștefan Luchian with the painting “Garoafe”.

July - The 2010 Orientalism Auction, hosted by Vega Hotel in Mamaia - Constanța, designed in partnership with the Art Museum of Constanța and the Constanța County Council, starts the 2010 - 2011 Artmark campaign to expand/professionalise the national art market, organizing art auction events in a number of representative cities of Romania; it also closes the first half of 2010 with a turnover from auctions double compared to the previous year (EUR 1.92 million H1/2010 compared to EUR 1.76 million for the whole year 2009), in a Romanian market of art sales by auction almost double compared to that of last year (EUR 3.69 million the whole 2009 vs. EUR 3.03 million H1/2010).

June - Launch of the Romanian Art Market Index - “Catalogue of annual returns (1995-2009) of the most traded Romanian artists”, in partnership with Royal Preferred Banking, the private banking division of RBS Romania, with the support of the Romanian Banking Institute, with the participation of a panel of 16 speakers, including the Minister of Culture and National Heritage, the Vice-President’s cabinet, the President of the Romanian Commodities Exchange, the Vice-President of the National Securities Commission, the Rector of the Academy of Economic Studies, the president of the Romanian Association of Art Experts and Evaluators, the president of the Association of Art Traders in Romania, other personalities. June - The previous Ștefan Luchian record is dethroned by the sale of “Garoafe” for EUR 140,000 in the 2010 Summer Auction.

April - The Tiberiu Puica Collection Auction, in which Artmark manages to sell Ștefan Luchian's “Maci” with an auction price of EUR 132,000, an author record for Ștefan Luchian, a public transaction that became the second largest as financial importance in the Romanian art market.

JAnuary - A decision is made to separate the two components of Artmark’s activity, namely that of art auction from the gallery, laying the foundations of the ArtSociety Cultural Centre, a foundation that covers the activity of both galleries - ArtSociety and Point contemporary, chaired by Ruxandra Garofeanu. The Artmark auction house remains the main financier of the foundation, which plans to organise national exhibitions.

2009

October - The 2009 Autumn Auction, in which Artmark awards to a Romanian collector a work by the French impressionist Armand Guillaumin, namely “Paysage au Midi”, dated 1907, for EUR 60,000, a record (and a cornerstone) for the Romanian European art market.

June - The 2009 Summer Auction of Artmark House, resulting in two absolute records on the Romanian market, the sale of masterpieces “Aișe” by Camil Ressu, respectively “Port” by Marcel Iancu, both belonging to the renowned interwar collection Dr. Iosif Dona, for EUR 160,000 and EUR 130,000 respectively; putting up for sale the most expensive work of art proposed to the Romanian market, “Tăietorul de lemne”, by the French impressionist Camille Pissarro, from the same Dona collection.

May - The Point Contemporary Art Gallery participates for the first time in an international art fair, ViennaFair 2009, with a solo show Roman Tolici.

JAnuary - Opening exhibition of the ArtSociety Gallery, "Anamaria Smigelschi - Alin Gheorghiu".

2008

December 2008 - The first art auction of Artmark House, the 2008 Winter Auction, an absolute success - “Fata în roz” by Nicolae Tonitza is awarded for EUR 120,000, a record amount in the Romanian art auction market; “Păunii privirilor” by Ion Țuculescu, in the same auction, a well-deserved personal record of the artist, EUR 80,000.

August - Artmark associates secure a 3-year loan from a Swiss investment fund to finance the purchase of internal stock and the organization of the first exhibitions, guaranteed by a package of Artmark shares.

July - CINOA receives Radu Boroianu as an observer member and validates the association mandate granted to Radu Boroianu. July - Establishment of the Artmark Auction House, under the legal name of Galeriile Artmark SRL, by two associates, collectors and art lovers, Radu Boroianu, theatre director (former Secretary of State in the Ministry of Culture, former Romanian Ambassador to Switzerland), and Alexandru Bâldea, lawyer (associate professor of cultural marketing course at the Department of Art History of the Faculty of History), Radu Boroianu becoming the first president of the House. Since its inception, Artmark has conducted two distinct activities, one predominantly commercial, art auction house, and another predominantly cultural, for the affirmation of heritage art, under the baton of director and curator Ruxandra Garofeanu, through the ArtSociety gallery, respectively for the promotion of young contemporary art through the Point Contemporary gallery, coordinated by Liliana Popescu..

April - Radu Boroianu, advocating the cause of the Romanian art market to the representatives of CINOA (Confédération Internationale des Négociants en Oeuvres d'Art), convinces the professional body based in Brussels to grant him a mandate for the association of the Romanian art galleries in order to join CINOA and the organization of the Romanian art market according to the rigours of transparency and deontology used in the international market.