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Independent Art Fair to Launch New Fair Around 20th Century Work

May 17th, 2022

The Independent Art Fair will launch a new fair in September this year that will focus on 20th Century Works. “Over the years, there has been a shift, with next-generation dealers showing a more diverse group of artists and territories, geographically, socially, politically,” says Independent director Elizabeth Dee. “They are looking forward and looking back, saying, ‘We need to have a canon that looks like our program.’”
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Sotheby’s Achieves $246.1 Million in Second Sale of Work from Macklowe Collection

May 17th, 2022

The second leg of Sotheby’s sale of works from the collection of real estate magnate Harry Macklowe and his ex-wife Linda Macklowe has netted $246.1 million, bringing the total sale price for the collection to a record $922 million, with fees. “Either art is one of the few assets that seem to have a good immunological protection against recession, or inflation is much stronger than we think,” says specialist Loic Gouzer. “The art market feels very close to the spare parts market — good works are hard to find and very expensive.”
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Warhol ‘Marilyn’ Sells for $195 Million, Smashing Records for American Artist

May 10th, 2022

An Andy Warhol portrait of Marilyn Monroe sold for $195 Million last night at a Christie’s charity auction, making it the most expensive American work of art to sell at auction. “We did sell the most expensive painting of the 20th century,” says Christie’s specialist Alex Rotter. “This is a big achievement.”
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REFERENCE LIBRARY

Francois-Henri Pinault

Collector’s Birthdate: b. 1936Pinault is the owner of Christie’s auction house, as well as department store chain Printemps, the Chateau-Latour vineyard and the luxury goods firm PPR, which owns Gucci and Yves Saint Lauren.

His father, Francois, is also an avid art collector and owns upwards of 2,000 invaluable works by the likes of Picasso and Miro. The family fortune is estimated to be worth an excess of 7 billion dollars.

The younger Pinault has been pinned as one of the most aggressive collectors in Europe. He lavishly displayed the “hottest” artists of his collection at the Palazzo Grassi in Venice, Italy in time for the Bienalle. The grand entryway featured a two-story tall Urs Fischer’s sculpture entitled “Jet Set Lady” as well as works by Rudolph Stingel, Anselm Reyle, Richard Prince, David Hammonds, Kristen Baker, Mike Kelley, Laura Owens, and many more.

He has experienced a recent rash of tabloid articles for impregnating and then successfully proposing to movie star actress, Selma Hayek. He was previously married and has two children.

On basic relationship with art and artists:

“I want the artists to be recognized, the works of art to be appreciated, and for the public to further develop a passion for the art of today.”

Lindemann, Adam. Collecting Contemporary: Los Angeles, Taschen GmbH 2006. *( See “Stingel Comes to Whitney” ) *

Links:

François Pinault’s Ultimate Luxury