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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

Steven A. Cohen

Collector’s Birthdate:
b. 1956

Cohen is the billionaire founder and manager of the hedge-fund, SAC Capital Partners. It is estimated that he has spent upwards of $700 million on art work. His collection includes many signature pieces by artists, including a Pollock “drip” painting he purchased from David Geffen for $52 million and famous Damien Hirst shark, “The Impossibility of Death in the Mind of Someone Living” for $8 million from Charles Saatchi, on loan to the Metropolitan Museum in 2007.

Other major expenditures include an alleged $63.5 million to Geffen for Willem de Kooning’s “Police Gazette” and $137.5 million for de Kooning’s “Woman III” in 2006. In the last two years, many have speculated that he has spent $25 million on works by Picasso and Warhol. In 1999, he set the record for the price paid for any piece by Edward Munch, paying $11.5 million for his “Madonna”.
In 2006, he attempted to make the most expensive art purchase in history from Steve Wynn, offering $139 million for Picasso’s “Le Reve”. The sale was foiled when Wynn, suffering from an eye disorder, slipped and put his elbow through the painting while showing it off to friends.

Cohen is purported to be building a private museum to display some of his artwork on his Greenwich, Connecticut property.

An Art Shark on the Trading Floor

Landmark De Kooning Crowns Collection

Wikipedia Entry