Global contemporary art events and news observed from New York City. Suggestion? Email us.

V&A Unveils Design for New London Site

July 30th, 2016

Victoria and Albert Museum, via Art NewspaperThe V&A in London has unveiled the design for its new building at the former Olympic site in east London, now named Olympicopolis.  Called a “museum for the digital era” in press materials, the structure will feature a brick and glass design by O’Donnell + Tuomey and will open in 2021.  
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Bloomberg Takes a Look at Sotheby’s Lending Practices

July 30th, 2016

Jho Low, via BloombergBloomberg has an article on Sotheby’s increasingly broad lending practices, which have grown from $682 million to almost $1 billion in recent years, a point that some consider extremely inviting for those looking to launder money.  “One way to launder is to use art as a security for a loan,” says David Hall, former special prosecutor for the FBI Art Crime Team. “The level of scrutiny you’ll receive from a bank is much higher than you will receive from an auction house.”
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China’s Taikang Life Buys 13.5% Share in Sotheby’s

July 30th, 2016

Chen Dongsheng, via China OrgTaikang Life, one of China’s largest insurance companies, now owns a 13.5% stake in Sotheby’s, CNN reports.  The company is run by Chen Dongsheng, who is also the founder of China Guardian Auctions, the country’s first government-run auction house.  Taikang has not disclosed whether it will seek an active position in the company.
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Andreas Gursky

Hong Kong, Island via Artnet.
b. 1955
Lives and works in:

Düsseldorf, Germany

Represented by:

Matthew Marks Gallery, New York
Mitchell-Innes & Nash, New York

Education includes:

Kunstakademie, Düsseldorf

Gursky is a German photographer famous for his large and highly-textured photographs that provide a high point of view. He is fascinated with the relationship of people and space. Though not working in definitive series, his work can often be linked by motif. Often, his photographs, which capture a wide-angled view of a vast subject, feature an array of patterns. These patterns, which seem to be one of the most definitive qualities of his work, are not staged or posed, but are instead naturally occurring and captured from an odd or dramatic angle.

Copan via Sauer Thompson.

Signature works include the 1993 Paris, Montparnasse, which portrays the large, grid-like exterior of a large building while simultaneously allowing voyeuristic views into each curtainless window. More recently, he has incorporated computer editing into his art, frequently creating larger subjects than the initial photograph provides.

His work, 99 Cent II Diptychon, a dizzying photograph of row after row of candy and other disposable goods on display at a 99-cent store, sold for $3.3 million in 2007 and holds the record for the highest price paid for a photograph taken by a living photographer, via MOMA.

UBS Collection at Mori Art Museum [ArtObserved]

Wikipedia Entry

More info about the artist coming soon.