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Controversial Nick Cave Installation Heads to Brooklyn Museum

January 15th, 2021

The Brooklyn Museum will install Nick Cave’s piece Truth Be Told outside the museum, which generated controversy last during its installation at the Jack Shainman space in Kinderhook, NY.  “Museums are being called on to tell the truth, from the painful to the celebratory,” says museum director Anne Pasternak. “We can invite a constructive conversation.”
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Guggenheim Names Naomi Beckwith as Deputy Director and Chief Curator

January 15th, 2021

The Guggenheim has appointed Naomi Beckwith, formerly senior curator of the Museum of Contemporary Art Chicago as deputy director and chief curator. “If you look out over the cultural landscape — particularly in the U.S. — she is quite obviously one of the outstanding leaders of today with a huge potential as well,” says museum director Richard Armstrong. “She’s very adept at issues of identity and, particularly, multidisciplinary art. We have to think about the Guggenheim’s growth over the next few years, so it needs to be a person with enormous capacity.”
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Bloomberg Charts Rush of Galleries Moving Works Out of UK Before Brexit

January 15th, 2021

A piece in Bloomberg charts the rush by galleries to move works out of the UK before Brexit goes into effect. “The higher up the market, the more global it is,” says Anthony Browne, chairman of the British Art Market Federation, regarding the challenges posed by shipping more works outside of the UK borders. “It’s the smaller galleries and dealers and mid-market ones that have buyers in the EU that will be mostly affected.”
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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