Global contemporary art events and news observed from New York City. Suggestion? Email us.
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Sotheby’s Sotheby’s Posts $65.5 M. Profit for 2016 Fourth Quarter

February 27th, 2017

Gerhard Rchter at Sotheby's, via GuardianSotheby’s beat expectations for the fourth quarter of 2016, posting a profit of $65.5 million.  “We were cautiously optimistic in November, but as it turns out, the weight in that statement should have been on optimism,” Tad Smith said during the quarterly call with investors. “This quarter demonstrated that when the market stabilizes, let alone when it returns to its secular growth trajectory, our company is poised to capitalize on the upturn and do very well for our shareholders.”
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New Museum Partners with Nokia Bell Labs to Benefit NEW INC

February 27th, 2017

New Museum, via Architect's NewspaperThe New Museum will partner with Nokia Bell Labs, providing NEW INC collaborators with resources and technology for their work in the museum’s incubator program.  “The New Museum has long been at the forefront of art and technology; this partnership with a legendary research lab will help us continue to push boundaries of cultural expression and possibilities of interdisciplinary collaboration. The NEW INC community embraces an untapped demographic of practitioners,” says Lisa Phillips, Toby Devan Lewis Director of the New Museum.
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WSJ Notes Current Market Challenges as Auction Week Begins

February 27th, 2017

Jean Arp, Torse (1931), via Sotheby'sThe Wall Street Journal looks at the art market’s current state as it moves into a pair of auctions this week, noting the current challenges, and potential strategies auction houses are embracing to move beyond a struggling market.
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