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

Michelangelo Sketch Sells for $24 Million in Paris

May 19th, 2022

A recently unearthed Michelangelo sketch, considered to be the artist’s first nude, has sold  at Christie’s Paris for a record 23 million euros ($24 million). “Michelangelo has decided to make the figure into something that corresponded more to his aesthetic by making him much more robust and monumental, while at the same time keeping the fragility of the figure, who is exposed and shivering” as he awaits baptism,” says Christie’s Old Masters expert Stijn Alsteens.
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Basquiat Work Sells for $85 Million at Phillips $224.9 Million Night

May 19th, 2022

The Jean-Michel Basquiat work from the collection of Japanese billionaire Yusaku Maezawa had a strong return to auction last night at Phillips, where it achieved $85 Million, part of a total sale of  $224.9 million, the highest in the company’s history. 
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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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Henry Kravis

Collector’s Birthdate: b. 1944

Kravis is an American business man and is one of the co-founders of the private equity firm Kohlberg Kravis Roberts & Co. His estimated worth of $3 billion makes him one of the wealthiest art collectors in the world; he has been responsible for the buying and selling of such brands as Texaco, Gillette, Safeway, Playtex and a handful of others.

His wife, Marie-Josee Drounin, is president of the board of the Museum of Modern Art in New York. He is also a member of the board of New York’s Metropolitan Museum of Art. He and his wife are philanthropists and have donated tens of millions of dollars to various causes, such as Mount Sinai Medical Center, the Memorial Sloan-Kettering Cancer Center in New York and is an active donor with the Republican party. Currently, he is on the board of the Partnership for New York City, is a trustee of the Council of Foreign Relations in New York and is a member of New York’s Business Council. Other notable positions include co-chair of Columbia Business School’s Board of Overseers, chairman of New York’s Rockefeller University and is the creator of the New York City Investment Fund.