Archive for the 'Newslinks' Category

Newslinks for Sunday September 7th, 2008

Sunday, September 7th, 2008


the sculptor Anish Kappor via the Boston Globe

Sculptor Anish Kapoor set designs for an upcoming Akram Khan play featuring Juliette Binoche [National Theatre, London]
Are Olafur Eliasson’s waterfalls damaging the local natural environment? [ArtInfo]
Relating a past run-in with Francis Bacon and reflecting on his work before his retrospective at the Tate [The Independent]
Author Michael Gross’s ‘Rogues’ Gallery’ exposes the inner circles of the Metropolitan Museum of Art [ArtInfo] Aug 29
Gustav Klimt at the Tate Liverpool brings record attendance [BBC News] while the British National Gallery’s strategy of exhibiting newer artists leads to a sharp drop in paying visitors [Times Online] Aug. 31

Newslinks for Tuesday September 2, 2008

Tuesday, September 2nd, 2008


A rather political work by Banksy spotted in Alabama via Supertouch

Banksy, moving north from New Orleans, (previously covered by AO here), to Alabama [Supertouch]
In October an artist will allow you to stay in a hotel room set up at the Guggenheim [GuardianUK]
New York Magazine highlights 30 art shows for the Fall [NYMag]
Explaining the dearth of Japanese curators [JapanTimes via Artsjournal]
Two books reviewed on the exploits Han van Meegeren: master forger [NYSun]
The Moment reports on vast industrial artspaces at Manifesta 7 in the Italian Alps [The Moment]

Newslinks for Monday September 1st 2008

Monday, September 1st, 2008


Martin Kppenberger’s Zuerst die Füsse (Feet First)

The Pope condemns late German artist Martin Kippenberger’s crucified frog sculpture [GuardianUK] and more here [NYTimes]
A critique of Olafur Eliasson’s ‘Waterfalls’ as ineffective “shock and awe” public art [NYSun]
Jeff Koons on Night Talk [YouTube via ArtFagCity]
Guggenheim Foundation receives $1 million from National Endowment for the Humanities
[ArtForum]
Banksy’s auction-donated $137,000 work to support Ken Livingstone invalidated due to his anonymity [ArtInfo]
Damien Hirst to open his 2nd ‘Other Criteria’ retail shop next to Sotheby’s on New Bond Street, London [Blomberg]

Newslinks for Tuesday August 26, 2008

Tuesday, August 26th, 2008

Evil Is Banal, Dumas self-portrait, Marlene Dumas (1984) via New York Magazine

Faces of Marlene Dumas will come to New York [New York Magazine] –
The 7,500 square feet Devi Art Foundation, India’s first contemporary art museum [New York Times]
A highlight of some new shows in Chelsea for the Fall, starting Sept 4th [NYSun]
Sao Paulo heatedly debates when graffiti is considered urban art [NY Sun]
Francesco Clemente on Charlie Rose last week [Charlie Rose - Youtube]

Newslinks for Friday August 22nd, 2008

Friday, August 22nd, 2008


James Powderly, via freetibet2008

Street artist James Powderly detained in Bejing for laser projection of political artwork [ArtForum], with more on the incident here [Artinfo]
Undercover FBI agents in the US targeting increasingly shady art theft world [WallStreetJournal]
Cans Festival, a street art milestone, covered previously by AO here, will soon re-open in London [World'sBestEver]
Tribute exhibit for artist Blinky Palermo, “24 Colors – for Blinky” at Dia:Beacon [NYTimes]
A dark parody on the lucrative potential of a murdered Damien Hirst’s preserved body sold to wealthy Russians [ArtNet] and relative commentary in the New York Times [NYT]

Newslinks for Wednesday August 20th 2008

Wednesday, August 20th, 2008

Jeurgen Teller and his son via New York Magazine

Art auctionable fashion photographer (and husband to London gallerist Sadie Coles) Jeurgen Teller [New York Mag]
A billionaire’s $4 million, 14,000 sf gallery to sell his mother’s art in midtown Manhattan [Bloomberg]
After her big art event in Moscow, more on Daria “Dasha” Zhukova [Times Online]
Curating the Met’s acquisition of the complete Diane Arbus archive [NYsun]
Police recover final piece stolen during the daylight theft at Estacao Pinacoteca Museum, Sao Paulo [Art Daily]

Newslinks for Monday August 18th, 2008

Monday, August 18th, 2008

Dasha Zhukova, via Daylife

Daria “Dasha” Zhukova, daughter of an oligarch, girlfriend of Roman Abramovich, and a symbol of the recent Russian push into contemporary art [NYTimes]
Yeah Yeah Yeahs guitarist Nick Zinner’s photography show at Fuse Gallery in the East Village [Supertouchart]
Both Qatar and Abu Dhabi want Philippe de Montebello, who is leaving the Met, for a directorship [NYsun]
More on the Frank Gehry-designed summer pavillion at Serpentine Gallery in London [NYTimes Tmagazine]
Amidst art-world controversy, Sir Nicholas Serota, Tate’s director of 20 years made “permanent employee” [Independent]

Newslinks: Saturday August 16th, 2008

Saturday, August 16th, 2008

Ryan McGinley shooting for Wrangler Jeans via Radar

Ryan McGinley is making ads for Wrangler jeans (running only in Europe) [Radar via Artfagcity]
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Sotheby’s consolidates Asian art auctions from New York to Hong Kong [Bloomberg]
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Taryn Simon commissioned by Nike to shoot the Men’s US Olympic Basketball team [SuperTouch]
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Stained-glass cathedral window by Marc Chagall is shattered by vandals in France [NYTimes]
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The global effects of four major types of art crimes: vandalism, theft, looting and forgery [Art Info]

Child-support rules get major changes: Will aid recipients be more willing to identify fathers?(Culture, Et Cetera)

The Washington Times (Washington, DC) August 23, 1996 | Wetzstein, Cheryl In 1994, nearly 400,000 children on welfare learned who their fathers are through a paternity establishment process. Another 2.3 million children on welfare are still waiting, according to the Office of Child Support Enforcement.

The new welfare bill’s child-support enforcement section says states can step up efforts to get “cooperation” about fathers from mothers seeking welfare – and reduce benefits to mothers deemed “noncooperative.” Marilyn Ray Smith, a child-support enforcement official in Massachusetts, believes the new time limits in welfare reform will lead to more paternity establishments.

“Child support is the true safety net when you have time-limited welfare benefits,” she said. “If you are only going to have welfare for two years at a time or five years over the course of your life, your incentives for making sure the father is held responsible for supporting the child are a lot greater.” But it’s impossible to know how single mothers, many of whom have been ambivalent about seeking formal child-support orders, will respond to the reforms.

In 1994, two researchers from the Nelson A. Rockefeller Institute of Government in Albany, N.Y., met with three groups of welfare mothers. Some mothers said:

* Although they told officials where the father was, no payments were collected. “I’m doing everything I can now to identify the father, but it doesn’t make a difference. They can’t pick him up,” said one mother.

* They feared losing custody to the father: “One mother got a father court-ordered to pay child support. . . . Then he got custody of [the daughter] just because he has a good job and she’s on welfare.” * The child-support system might interfere in the father-child relationship. “You don’t want to ruin that friendship. . . . You have to raise that child together,” said one mother.

* Child support was a hassle for everyone: “I have a girlfriend who has been working with the system for five years trying to get child support,” said one mother. But payments weren’t collected because the father would “get angry and quit his job and go somewhere else.” “The thing is,” said another mother, “I want him out of my life and if I have to spend every day of my life trying to make sure that somebody tracks him down – this tears me apart. I need to let go of this and get on with my life.” The new reform will also end a policy called the “$50 pass-through.” In welfare cases, states keep court-ordered child-support payments. Often it “passed through” $50 of the support it collected each month to the welfare mother. Now, states will have the option of giving the full amount to the family. childsupportmd.net child support md

In the past, the $50 pass-through appeared to discourage paternity establishment and encourage cheating. Typically, a mother would deliberately mislead officials about who her baby’s father was, get on welfare, and then take secret payments – often more than $50 – from him or his family to augment her welfare benefits. go to website child support md

Some child-support experts insist there’s no evidence that this cheating was common; Mrs. Smith said she thought the practice was “pretty widespread.” ****BOX A NEW RULES FOR CHILD- SUPPORT ENFORCEMENT Under the new child-support enforcement section of the just-signed welfare-reform bill, states can:

Cut welfare benefits by 25 percent for single women (with few exceptions) who do not establish paternity for their children and assign child-support collection rights to the state.

Use streamlined procedures to establish paternity, including genetic testing.

Seek child-support payments from grandparents whose minor children go on welfare.

Get federal funding to start up interstate computer systems to track court orders, payment history, addresses and employment of persons who owe child support.

Deduct overdue child-support payments from paychecks, including those of government workers and military personnel.

Force unemployed persons with child-support arrears to join a state work program.

Report child-support debts to credit bureaus.

Put liens on property owned by persons with child-support debts.

Check bank accounts for assets owned by persons with child-support debts.

Withhold, suspend or restrict driver’s, professional and recreational licenses of persons with child-support debts.

Deny, restrict or revoke passports of persons who owe more than $5,000 in child support.

Receive grants for programs to improve mediation, counseling and visitation enforcement.

Source: Personal Responsibility and Work Opportunity Reconciliation Act of 1996.

****BOX B CHILD-SUPPORT SNAPSHOT In 1994, according to the federal Office of Child Support Enforcement, state child-support agencies:

Worked on 18.6 million cases (including families on welfare or in the foster care system, non-welfare families and arrearage-only cases).

Made a collection in 3.4 million cases (18.3 percent).

Established 590,819 paternities (including 396,877 for children on welfare).

Located 4.1 million absent parents.

Collected nearly $9.9 billion ($7.3 billion from non-welfare cases).

Collected $7.6 billion (54 percent) of $14.1 billion due in current support.

Collected $2.1 billion (7 percent) of $30.8 billion in overdue support.

Collected 55 percent of payments through wage withholding.

Spent $2.6 billion on child-support operations (including federal spending).

Collected $3.86 for every $1 spent on child-support enforcement.

Source: “Child Support Enforcement Nineteenth Annual Report to Congress,” Office of Child Support Enforcement, Department of Health and Human Services Wetzstein, Cheryl

Newslinks: Friday, August 15, 2008

Friday, August 15th, 2008


Cai Guo-Qiang “I want to believe” via I Love This World

Cai Guo-Qiang has “I Want To Believe” at Beijing’s National Art Museum for the Olympics [Artdaily]
and the artist was also behind the pyrotechnics at the opening ceremony [art 21]
Electronic band Underworld produces an art exhibition [NYSun]
In the tail of an embezzlement inquiry, Guggenheim Bilbao admits to a $6.17M loss due to the purchase of Richard Serra works in dollars versus euros [The Art Newspaper]
In Bern, Switzerland Paul McCarthy’s work ‘Complex Shit’ – a massive, inflatable depiction of dog feces – breaks from its moorings and knocks out a power line and some windows before crashing into a children’s home [GuardianUK] more here [The Independent]

Newslinks: Tuesday August 12, 2008

Tuesday, August 12th, 2008

Jessica Joffe at the 15th Annual Watermill Summer Benefit via Park Ave Peerage

Fashion dazzle at Robert Wilson’s annual Watermill benefit [Park Avenue Peerage] more boldfaced names here [NYMag] and swanky goings on here [Papermag] and here [Artnet] and here [Art Forum]
A Private Contemporary Art collection in a eerie WWII Berlin bunker [Bloomberg] also coverd here [NYSun] and by Art Observed previously here [AO]
Damien Hirst’s controversial, straight-to-auction sale at Sotheby’s, previously covered by AO herewill be followed by more of his works for sale amongst others, again directly, in October [Sotheby's] [AO] [Bloomberg] more here [NY Sun]
London: Tickets are now available for Frieze Art Fair 2008’s Frieze Projects and Frieze [Frieze Art Fair 2008] Tokyo: Takashi Murakami’s Kaikai Kiki announces GEISAI #11 [Artipedia] 8/6
Indian contemporary art is on the rise [How to Spend It, FT]
An Economist’s qualitative approach to works by great masters [NYT]

Newslinks: Monday, August 11, 2008

Monday, August 11th, 2008

Caroline Copley, Sabrina Blaichman, and Genevieve Hudson-Price, co-founders of 7Eleven Gallery via NYSun

In space from a developer father, three 21 year olds launch mobile 7Eleven gallery [NYSun]
In other prominent roots news: Rupert Murdoch’s daughter joins Tate board [Bloomberg]
Baltic Center for Contemporary in court over controversial Terence Koh exhibit [Artinfo]
Second Brazilian art theft arrest: works found under suspect’s bed [Artdaily]
Street artist KAWS officially introduced to the art world; to hold first gallery show [NYTimes]

NEWSLINKS: THURSDAY, AUGUST 7, 2008

Thursday, August 7th, 2008

Arcangelo Sassolino via Men’s Vogue

Arcangelo Sassolino’s mechanical sculptures: art with highly destructive potential [Men's Vogue]
Bond no9’s perfume tribute to Andy Warhol’s would-be 80th birthday [Art News Blog]
Will a statue of the Queen Mary replace art commissions on Fourth plinth? [Guardian]
The Met lends 28 significant modern sculptures to University of Texas [NYtimes]
Whitney Museum selling five nearby townhouses [CrainsNYBusiness]
The Sovereign, a new European art prize, controversially combines award and auction [Financial Times]

Newslinks: Monday, August 4, 2008

Monday, August 4th, 2008

Jacob Rothschild via BBC

Interview with Lord Jacob Rothschild, scion of legendary collector family [The Economist]
Tracey Emin rejects offer to remake her definitive ‘Sensation’ work: “Everyone I Have Ever Slept With 1963–95,” which burned at the Saatchi gallery warehouse in 2004 [Artinfo]
Guggenheim Foundation expands, taking over 60,000 sf in West Soho [Crain's New York]
Blue chip gallery Pace Wildenstein is up and running in Beijing before the Olympics [NYSun]
More on the China thing: Beijing’s 798 art district prepares for sales tied to the Olympic rush [WallStreetJournal]
And still more on the China thing: female Chinese artists move to the forefront [NYTimes]

Newslinks: Monday, July 28, 2008

Monday, July 28th, 2008

Burst *008, a prefab by Douglas Gauthier and Jeremy Edmiston via MoMA

More on the prefabricated housing design exhibit at MoMA [Artinfo] and still more here [NYMag]
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Sotheby’s accused of losing Italian Renaissance painting in $32M lawsuit [NYPost]
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An editorial view on the merits of artists explaining their work [GuardianUK]
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Following the controversy, the former Salander-O’Reilly gallery is now on sale for $75M [NYTimes]
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Christie’s NY holding first contemporary design auction [Artinfo]
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New laws restrict art-donation tax breaks [Wall Street Journal]
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Art Collectors auction themselves off at SCOPE [Artinfo] also here [NYSun}

Major Fall in CRE Deals Since End of Summer: There has been a surge in deals falling out of contract because of difficulty obtaining financing.

National Mortgage News November 5, 2007 | Sichelman, Lew LAS VEGAS — The mortgage mess spilled over into the income property sector in a big way after the summer came to an official ending, according to analysts at the Urban Land Institute’s annual fall conference here. go to site citibanks ignon

“The capital markets have changed tremendously in the past 60 days,” Robert White, president of Real Capital Analytics, New York, told an outlook session.

Mr. White reported that there has been a 30% decline in sales activity since September, noting that it was the first falloff in volumes since late 2001. And he expects to see further declines in the future, he told the ULI, a nonprofit group of 37,000 real estate and allied professionals dedicated to responsible land use.

There has been “a surge in deals falling out of contract,” not just because of higher loan rates but also because of the difficulty obtaining financing, the analyst said.

“There has been a total repricing of risk. It started in subprime and has now moved into commercial mortgage backed securities. It’s even impacted AAA-rated securities.” At the same time, Mr. White reported that 2007 will still go down as a record year, largely because transaction volumes through the end of the third quarter exceeded those for all of 2006.

Another good sign is that there is “still plenty of equity capital available,” he also said. Which may be why the meeting attracted a record attendance of 6,700.

Capital may not be coming into the market as fast as it once was, and lenders are no longer willing to underwrite speculative income, the analyst reported. But the amount of money available for developers and purchasers of income-producing property is still growing. “There’s more capital available today than there was in 2002 or 2003,” he said.

Still, Mr. White said he is seeing a rise in cap rates. But even if there is a 10% correction, “it would just take us back to where we were a year ago.” “I personally don’t think [the adjustment] will be that great,” he offered. “The market is fundamentally solid. There’s nowhere near any overbuilding.” In another conference session, meanwhile, the conclusion was that price declines as measured by projected growth rates, lower amounts of available debt and higher residual value assumptions would be in the 8%-14% range.

The panel tended to concur with Mr. White, noting about half of all deals currently in the pipeline are being repriced or renegotiated, and some are even being terminated. web site citibanks ignon

While the market is awash with debt, not much of it is trading, said Robert Foley, chief financial officer with Gramercy Capital Corp., New York, who estimated that there might be as much as $60 billion-$80 billion in commercial paper sitting on the balance sheets of banks.

Sheridan Schechner, managing director of JPMorgan Chase, New York, said he hoped the markets will open back up again by February. But Ed Adler, managing director of Citibanks’s commercial real estate finance group, said it can’t come soon enough for holders the $185 billion in commercial paper that is due to reset in March.

But Christopher Cole, chief executive officer of the Cole Cos., a publicly traded, Phoenix-based real estate investment trust that specializes in retail properties, said that he’s not particularly worried about the future of commercial real estate.

“The long-term demographic trends are so profound that they will have a stabilizing effect” on the sector, Mr. Cole said.

“The fundamentals are terrific,” he said.

Sichelman, Lew

Newslinks for Friday, July 25, 2008

Friday, July 25th, 2008

Guernica, Pablo Picasso (1937) via BBC

Picasso’s famous Guernica in ‘stable but serious’ condition and deemed ‘too fragile to move,’ more here [Daily Telegraph] [The Guardian]
Bravo picked up Sarah Jessica Parker’s art reality show, covered in March by AO here [Gawker]
The Sun on Twombly’s first retrospective in 15 years, showing at the Tate Modern [NYSun]
Review of Richard Prince at Serpentine: ‘the coolest artist alive’ [Telegraph]
The Economist begins a summer series on collectors, starting with a historical view [The Economist]
Russian billionaire Roman Abramovich finances Russia’s first retrospective by postwar artists in a
150 work show at his girlfriend ‘Dasha’ Zhukova’s galllery [Bloomberg]

Newslinks for Wednesday, July 23, 2008

Wednesday, July 23rd, 2008

Serpentine Gallery Pavilion 2008 via Serpentine Gallery

Gehry’s Serpentine Pavilion, reflective of his early style, up through October 19 [Serpentine Gallery]
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Sao Paolo police find $630,000 of stolen works, including a Picasso [BBC]
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Banksy posts a comment on his identity [Banksy.co.uk via The World's Best Ever]
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Royal Academy announces upcoming Anish Kapoor retrospective [Artinfo]
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Sir Nicholas Serota, Tate Modern director, is ‘learning Russian fast’ to court philanthropic support of new extension [Russia Today ]

Dresses: a material focus.(WWD/MAGIC International)

WWD January 16, 1996 | Pogoda, Dianne M.

NEW YORK — Fabric is shaping up as the key element in summer dresses.

Most vendors say the emphasis on simplicity in silhouettes is casting a spotlight on texture and surface interest. Some are launching new lines, with a focus on a new fabric or new price, to spark spring sales.

Dressmakers are bringing spring/summer to WWD/MAGIC, for deliveries as late as May 30. They will show some transition and early fall, but said stores are ordering close to need and often require immediate deliveries of fill-in items.

Casual and business casual are the driving force behind growth in Jerell Inc.’s dress sales, said Sam Klapholz, vice president and national sales manager of the Dallas-based firm.

Jerell is launching a new line — 1431, a moderate label that retails between $59 and $79 — to complement its Melissa brand, which is aimed at specialty stores and retails for $100 to $120.

“We’re very excited about the casual revolution, because it gives a woman a new reason to buy a dress,” he said.

Klapholz cited heavily laundered denim and twill, with very soft hands, and combinations of wovens and knits as key fabric treatments.

“Anything with surface interest is very important,” he said.

As for silhouette, he said unfitted A-line and Empire styles are doing well, but the company is doing terrific business with shirlwaists. web site easrer dresses

`These really hit a nerve in the market,” said Klapholz. “They aren’t old-looking dresses, though. They’re modern, like the Ann Taylor style with double needlework, or military style with epaulets and great belts, in French cotton twill.” He also said the layered look was important, with vests over knit and woven dresses — “a twinset over a dress.” Mica is launching a new garment-washed denim group in its dress collections for spring, according to owner Judy Rabineau.

“They’re sweet, sexy little dresses in similar silhouettes to what we do in other fabrics, like rayon — halters, long fitted jumpers, sleeveless sheaths,” she said.

Mica will take orders for May deliveries at WWD/MAGIC, for the last of spring/summer. Rabineau said retailers expect quick turn on goods, and everyone is cutting very close to need.

Other key fabrics are shantung, rayon crepe pastel velvets, georgette and a printed rayon pique, which resists wrinkles and has been getting a strong reception.

The dresses are “cool and hip, but not junior-y,” she said, noting there are many women in their mid-to-late 40s who want youthful style, but don’t want to look as if they are dressing like their daughters.

She said prints are booking well, including bright novelty themes like fruits, random-placed florals or conversationals.

Kami Rehanian, president and designer of High Point, which makes day and evening dresses, said styles are “not gaudy” and fabric is the key element in spring style.

“From misses’ to juniors, women are looking for simple style, with less embellishment and embroidery,” he said. “It’s the same trend that’s happening in Europe. Women want something they can wear to many places, too, not just to the office.” Rehanian said suitings, especially pantsuits, and short skirts are leading choices for spring. He said triacetates, rayons, silk and linen blends and Lurex metallics are among the hot fabrics, which is where the fashion statement is made.

Jodi Schaff, owner of On Your Back, said basics — some with trim — and layers are key for the casual knit dresses she’s making for spring. The Doylestown, Pa.-based company is essentially a T-shirt maker, with dresses accounting for 20 percent of its business. Dresses, however, is a growing category, she said. here easrer dresses

One key style is a tie-back jumper with an easy fit that suits many bodies. The fabric is either combed cotton or a blend of cotton and Lycra spandex Colors, from basics like black, red, navy and ecru, to novelties like aqua, rose and chamois in overdyed heather jersey, are especially important.

Schaff said she will take orders for immediate delivery through May on spring/summer goods she’s bringing to WWD/MAGIC.

“Money is scarce, and stores are ordering much closer to season,” she said.

Simplicity is the buzzword at Brasseur/Davinci, said Danny Golshan, national sales manager of the Los Angeles-based ready-to-wear maker. The firm will show suits and dresses for spring/summer “We do basic styles, not too trendy, in large and misses’ sizes,” he said. The collection features embroidered suits with three or four-button jackets, and one- and two-piece dresses at $79 to $150 wholesale. Button treatments include metal and rhinestones, while lengths are mostly long, he said. Fabrics include linen, polyester crepe and triacetate.

Pogoda, Dianne M.

Newslinks for Monday, July 21, 2008

Monday, July 21st, 2008

Temenos, one of five giant public art works by Anish Kapoor via Guardian

Anish Kapoor’s $30M Public art project in Middlesbrough, UK [Guardian]
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$500,000 in Warhols, Lichtensteins stolen from Swedish Museum [Artdaily]
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Murakami ceases Cerulean LLC’s resale of sculpture at Christie’s after contract violation [Artinfo]
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Noteworthy video of Rauschenberg on his ‘Erased de Kooning Drawing‘ [Seattlepi via C-Monster]
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Art title insurance by ARIS offers new and broader protection for collectors [NYSun]
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Banksy’s street crew, ‘Pest Control’, certifies authentic works in response to copies [Rawartint]
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In response to museum pleas, senate loosens tax deduction rules on art donations [NYTimes]

Newslinks for Friday July 18, 2008

Friday, July 18th, 2008

Guan Yi via The art Newspaper

Guan Yi, China’s top collector of contemporary art, has ambitions for Beijing [The Art Newspaper]
Christie’s sales for first half 2008 up 10% on
new demand from the likes of Middle East, Russia and Asia
[Bloomberg]
Russian Andrey Melnichenko’s $400M, 400 foot yacht docks in Norway to pick up some Monet’s sans EU import taxes [TimesUK]
Christie’s Paris to sell Yves Saint Laurent’s art collection February ’09 [NYSun]

Newslinks: Thursday, July 10, 2008

Thursday, July 10th, 2008

Sculpture from “Art for the Masses”, Yue Minjun via Supertouchart

KAWS does a Yue Minjun figurine [Supertouchart]
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Are commodity-rich buyers propping up the market for trophy art? [CNN]
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Damien Hirst’s rumored collaboration with ultra-pricey cell phone brand Vertu
[FashionWeekDaily]
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Applications for an MA degree in art business see a strong increase [Financial Times]
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Damien Hirst, other bold-faced names keep it swanky at Annabel’s in London for Richard Prince at Serpentine Gallery [The Independent]

Amtrak warned of Acela ‘defect'; Train spokesman denies lawsuit.(PAGE ONE)

The Washington Times (Washington, DC) October 22, 2002 Byline: Tom Ramstack, THE WASHINGTON TIMES Amtrak was warned by the manufacturer of its troubled high-speed Acela Express trains about potential “defects” in the undercarriages but forced early delivery.

Court documents in a lawsuit by Bombardier Corp. against Amtrak say trains were delivered before the design was certified as safe.

Bombardier, based in Montreal, said it gave its warning of a “trainset truck defect” in a letter dated Aug. 29, 2000. A trainset refers to locomotives and the rail cars they pull. Trucks are the wheel assemblies on the undersides of rail cars and locomotives.

Amtrak yesterday denied Bombardier’s accusations.

“At no time did Bombardier ever raise issues relating to the safe operation of the trainsets,” said Amtrak spokesman Bill Schulz. “If it had, neither Amtrak nor [the Federal Railroad Administration] would have permitted the trainsets to be operated.

“Amtrak was not aware of the specific defect,” he said, referring to cracks in the suspension systems.

Two months ago, an Amtrak mechanic discovered cracks in the undercarriage suspension system of an Acela Express locomotive when a bracket dislodged during routine maintenance in Boston. Additional inspections turned up cracks in other Acela Express trains, which travel at speeds up to 150 mph along the Northeast Corridor. Amtrak was forced to interrupt the popular service and lost millions of dollars in ticket revenue.

Amtrak found that the suspension assembly brackets appeared to be too weak to withstand the side-to-side movement of the locomotives. web site amtrak promotion code

Bombardier delivered the first Acela Express trainset on Oct. 18, 2000. Regular service along the Northeast Corridor started in December 2000.

Amtrak owns 18 Acela Express trainsets, 15 of which normally operate 50 daily departures. Three are kept in reserve. Because of the suspension problems, the operation is down to 12 trains making 40 daily departures.

Bombardier in November filed a lawsuit in U.S. District Court for the District of Columbia seeking compensation from Amtrak for cost overruns resulting from repeated design changes and tests ordered by the national passenger railroad.

On Aug. 18, 2000, Amtrak submitted a “claim,” or demand, that the trains in the $800 million contract be delivered. They already were more than a year late.

Bombardier responded by saying it was reluctant to deliver the trains before all of Amtrak’s requested design changes were complete.

“What Amtrak proposes is nothing short of a unilateral rewriting of the contract that would permit Amtrak to force the delivery of equipment which Amtrak itself asserts is defective in major respects,” wrote Germain Lafontaine, director of program management for the Bombardier Transportation-Alstom consortium that built the trains.

Richard Sarles, Amtrak’s vice president for high-speed rail, knew disagreements involving design of the undercarriage were unresolved but submitted the claim anyway, Mr. Lafontaine said in his letter. Mr. Sarles also knew that the unresolved design issues “could require operation of the trainsets at reduced speeds.” In addition, “these defects would allegedly increase the trainset’s trip time and require post-delivery repairs by the contractor or other commercial resolution.” Bombardier spokeswoman Carol Sharpe repeated the company’s position that any problems resulted from Amtrak’s design changes.

“What we said was that there were certain technical issues with which we disagreed,” she said. “They were imposing certain designs on us and we would disagree. We can’t discuss the specifics.” After Bombardier filed suit, Amtrak issued a statement blaming the manufacturer for delays and cost overruns.

“After five years of delays, performance failures and self-inflicted financial losses, it is no shock that Bombardier is now attempting to shift the blame for the consortium’s mismanagement of the high-speed trainset contract to Amtrak,” said an Amtrak statement dated Nov. 8, 2001.

Among Amtrak’s complaints against Bombardier were “speed restrictions, because the trainsets do not meet contract specifications when operated on track that complies fully with all FRA requirements.” Amtrak appeared to be aware of the undercarriage problems before delivery of the trainsets when it told Bombardier in an Aug. 14, 2000, letter that it was suspending payment for failure to meet design specifications. site amtrak promotion code

Payments in the contract were due as the Bombardier-Alstom consortium progressed in intervals toward completing the contract, referred to in letters as “milestones.” “Milestone payment amounts associated with trainset truck performance and the related qualification tests are not yet due because these milestones have never been achieved,” John Bell, Amtrak’s program director for high-speed trainsets, said in the letter.

Amtrak withheld $51 million in payments because of the equipment problems. Bombardier is seeking $200 million in its lawsuit as compensation for the cost overruns incurred from Amtrak’s design changes.

Meanwhile, Bombardier says it has engineered a permanent repair for the suspension systems, a sturdier bracket that reduces side-to-side motion.

The cracked support brackets were rewelded as a temporary fix in August to get the trains back into service.

Amtrak said Bombardier’s new bracket is undergoing field testing and must be approved by the FRA before it can be certified as a permanent repair.

Acela Express, one of Amtrak’s most popular and profitable business ventures, was a linchpin in the railroad’s failed efforts to free itself from federal subsidies. Congress is considering restructuring Amtrak because of its persistent inability to operate profitably.

CAPTION(S):

Amtrak says Bombardier Corp.’s suspension assembly brackets are too weak to withstand the side-to-side movements of Acela Express trains, which travel up to 150 mph. [Photo by AP]

AO Auction Newslink Roundup: the closing word on the London Sales

Tuesday, July 8th, 2008

Panel from Francis Bacon’s triptych “Three Studies for Self-Portrait,” which Christie’s sold for £17.28M via IHT

Below is just a roundup of some post-auction articles that give a good summary of all that generally occurred in last week’s London auctions from all the major houses. These articles were published after AO completed its summaries of those auctions.

Auction Houses Test Market With Record Contemporary-Art Sales [Bloomberg]
AUCTIONS: Prices continue to soar as a Bacon earns £17.28 million at Christie’s sales [TheArtsNewspaper]
Prices Continue to Soar
[International Herald Tribune]
Contemporary Art Defies Doomsayers [Financial Times]
Investors Turn to Art; Sales Make Record $1.1 Billion [Bloomberg]
AO Auction Results: Christie’s Post-War & Contemporary Art, London, June 30 [AO]
AO Auction Results: Phillip’s London Contemporary Art Auctions, June 30 [AO]
AO Auction Results: Sotheby’s Masterpieces of Contemporary Art, July 1, London [AO]

Newslinks: Tuesday, July 8, 2008

Tuesday, July 8th, 2008

Olafur Eliasson, ‘Visualization of The Parliament of Reality’, Bard College via Artdaily

Bard College has Olafur Eliasson’s 1st permanent US installation [Artdaily]
MoMA purchases 23 photo works from eight Chinese artists controversially bought in bulk [Bloomberg]
Two Pulitzer Prize winning authors gain rights to new Francis Bacon biography [Bookseller]
Next-generation, under-30’s legacy arts patrons: on the scene [NYTimes]
Tracey Emin’s $122,000 4-inch bronze sparrow goes missing from public work and then is inscrutably returned (publicity stunt?) [BBC]


Newslinks: Monday July 7, 2008

Monday, July 7th, 2008

Starry Night over the Rhone, Van Gogh via NYTimes

‘Van Gogh and the Colors of the Night’ coming to The MOMA [NYTimes]
Details of contract for the Louvre Abu Dhabi revealed [TheArtNewspaper]
In industry executive news: MoMA’s Chief Curator of Paintings and Sculpture says ‘Good-Bye’ [NYSun]
In other executive moves, DIA Art Foundation has a New Director, Philippe Vergne [NYMag]
More executive news: Neil MacGregor, of the British Museum, declines directorship of the Met [TIME]
In page six today: Andy Warhol criticized in memoir by former friend and Ahn Duong, former flame to Julian Schnabel and Simon de Pury, ends her marriage [NYPost]

Newslinks: Thursday July 3, 2008

Thursday, July 3rd, 2008

Marc Jacobs channels Andy Warhol via Interview Magazine

Interview Magazine, founded by Warhol, dedicates this month to Warhol [Interview Magazine]
Bilbao Guggenheim makes a $156M expansion into the countryside, more here [Reuters] [NYTimes]
Tracey Emin’s 1st retrospective will be in Edinburgh [Times Online]
Steve McQueen, an artist working primarily in film, represent Britain at Venice Biennale [Guardian]
A major Goya was in the end painted by his pupil [Independent]
Victor Pinchuk and Carlos Slim Helu newly make Top 10 of top 200 art collectors [ArtNews]

Newslinks for Wednesday June 25, 2008

Wednesday, June 25th, 2008

Starry Night, Vincent Van Gogh (1889) via Artdaily

Van Gogh’s Cypresses and The Starry Night exhibited now at Yale [artdaily]
Haunch of Venison, a Christie’s-owned-gallery, causes some rebuke in the system [NY Mag]
Update: The Sun Reviews Byrne ‘playing the building’ and Burden at Rockefeller Center [NYSun]
A Summer gallery line-up for Paris [Bloomberg]
Time lapse video from Cans Street Art Festival in London, covered by AO here [Wooster Collective via WorldsBestEver]
Sotheby’s selling (post-cubism) Italian Futurism as the next big trend? [Economist]