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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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REFERENCE LIBRARY

The Judith Rothschild Foundation

Collector’s Birthdate: (Foundation) b. 1993

Harvey S. Shipley Miller is sole trustee of The Judith Rothschild Foundation, created by the will of abstract painter Judith Rothschild who died in 1993. Her will dictates that all resources and assets have to be dedicated to its approved mission and that within 25 years of her death, all assets must be used and distributed, having completed the foundation’s aims the best of its abilities.

In 2003, the foundation spent more than $7 million to build a Contemporary collection featuring works by more than 400 artists, including classic artist Jasper Johns, Cy Twombly and Gerhard Richter as well as newcomers Christian Holstad and Hernan Bas.

Projects undertaken by the foundation include The Russian Avant-Garde Book 1910-1934, which showed at the MoMA as “one of the most definitive collections of the work in the world,” according to Miller. The foundation also gave the Jacques Villon print collection to the Philadelphia Museum of Art and is currently compiling its third major collection, (to be titled The Judith Rothschild Foundation of Contemporary Drawings Collection) for the MoMA.

Important works owned by the foundation include Douglas Gordon’s “always and forever”, Peter Doig’s “Country Rock Version” and Raymond Pettibon’s “Untitled (Acid Got Me Fired…)”.

Says Miller of the drawing collection: “The final, undiscounted value for insurance purposes would be somewhere between $50 and $70 million. Gary Garrels has said it’s the greatest collection, public or private, of Contemporary drawings in the world, but it’s miraculous because there are things that one couldn’t get again.”

Lindemann, Adam. Collecting Contemporary: Los Angeles, Taschen GmbH 2006.