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Sotheby’s to Sell Lee Krasner Work Expected to Smash Record

April 25th, 2019

Sotheby’s Evening Sale this May in NYC will potentially set a new auction record for Lee Krasner, as the artist’s work The Eye is the First Circle (1960) will hit the block with an estimate of $10 million to $15 million, double her current estimate. “This painting represents a critical turning point for Krasner—a rebirth in a sense—as it was executed following a period of great personal loss and tragedy,” says Saara Pritchard, senior vice president and senior specialist of Sotheby’s contemporary art department.
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Kochi-Muziris Biennale Faces Controversy Over Sale of Equipment

April 25th, 2019

The Kochi-Muziris Biennale in India is facing controversy over the sale of equipment and materials from the exhibition’s latest edition, which closed this March.  The injunction follows a claim the organization could not sell a series of air-conditioning units until it had paid for them in full. “Kochi Biennale Foundation has received an interim injunction from the district court pausing the auction of the ACs,” a spokesperson for the Biennale said in a statement. “The auction of all other materials will proceed as planned. The legal response to the injunction is being drafted.”
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Phillips Hires Elizabeth Goldberg as Deputy Chair for Americas

April 25th, 2019

Phillips has hired American art specialist Elizabeth Goldberg from Sotheby’s, appointing her senior international specialist in American art and deputy chairman for the Americas.“As with other auction house categories, the market for American art has changed rather dramatically over the past 15 years, becoming highly selective at the high end with quality being key, ” Goldberg says. “Given this trend, there are certain artists who have emerged as having the power to hang alongside other titans of the twentieth century.” 
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REFERENCE LIBRARY

Dakis Joannou

Collector’s Birthdate: b. 1970

Joannou is the Greek chair of a group of privately held building and civil engineering companies. He is a member of the Guggenheim Museum and the New Museum of Contemporary Art and sits as a council member at the Museum of Modern Art and the Tate.

He is considered one of the world leaders in collecting contemporary European art and has also been closely-linked to American-born Jeff Koons collecting pieces from his 1985 “Equilibrium” series which inspired Joannou to begin collecting art, as well as the British pair of Tim Noble and Sue Webster. Notable works in his collection include Koon’s “Michael Jackson and Bubbles” as well as Chris Ofili’s “The Adoration of Captain Shit and the Legend of Black Stars”.

He is also the founder Athen’s privately-funded Deste Foundation which purchases and shows the work of promising young artists.

On collection:

“Art can certainly be perceived as an economic investment, but also as a sound investment on a human level. For example, if you develop a collection and you then give people access to these works of art, whether by lending them to museums or showing them in your own exhibition space, this goes way beyond an investment of money. That’s how I like to do things.”

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

 

Dakis Joannou- Website

More info about the artist coming soon.

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