Acquavella Galleries New York. All photos by Caroline Claisse for Art Observed.

Running alongside the hustle and bustle of Frieze’s Contemporary Art proceedings next door, the Frieze Masters section is showing an exceedingly strong set of galleries and works, albeit somewhat removed from the spotlight its adjacent fair receives each year.  Mixing classic works by artists like Francis Bacon and Picasso with works by still active artists like Robert Long and Richard Serra, the fair offered a more subdued, but equally impressive offering.     (more…)

Billionaire Hedge Fund Manager and prodigious Art Collector Steven A. Cohen has issued a statement clarifying the details behind the purchase of Picasso’s Le Rêve from casino owner Steve Wynn.  Despite reports of the sale coming to light only recently, the deal was reportedly made last October, at the purchase price of $150 Million, when dealer William Acquavella contacted Cohen about the work’s availibility.  “We were at the gallery the next morning,” Says Sandy Heller, Cohen’s art advisor. “In three minutes we had a deal.”   (more…)

Rita Ackerman, Fire by Days XXI (2012), Courtesy the artists and Vito Schnabel

Assembled by the young curator Vito Schnabel (son of artist and filmmaker Julian Schnabel), White Collar Crimes, at Acquavella Galleries, brings together a collection of new abstract and conceptual works from emerging and internationally recognized artists, exploring the themes of concealment of crime by wealth, high level education and social status. Connecting concepts such as identity, historical erosion, commercialization, and political satire, the show opens the door to complexly interconnected readings of the subjects and artists on view, while directly addressing the context and location of the event itself. According to Schnabel, the exhibition  “proposes an interplay between obscure ciphers and spectacular discoveries.”

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Lynda Benglis sculptures and Hans Hurting paintings at Cheim & Read’s booth at Frieze Masters. All photos by Caroline Claisse for Art Observed unless otherwise noted

Frieze Masters and Frieze London concluded on October 14th, with both fairs reporting solid sales on the high end. This year, there was a distinct focus on curated booths and curatorial projects and less of an overt feeling of commercialization. Frieze Masters in particular focused on serious connoisseurship and an academic approach, both of which translated into a successful fair for dealers.

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