Photographer Annie Leibovitz is adding to her Women photography project with a new book, continuing the over 15-year venture she started with her late partner, critic Susan Sontag. “It really resonated,” Ms. Leibovitz said, although “the project was never done.” (more…)
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Installation view of Anish Kapoor’s work at the Royal Academy of Arts in London via BBC
Anish Kapoor, the first living artist to exhibit at the Royal Academy of Arts in London, installs a work that shoots red paint to the walls of the famed 18th century building [The Wall Street Journal]
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Jeff Koons to be the curator of the New Museum show of Dakis Joannou’s collection, including works by Maurizio Cattelan, Urs Fischer, Robert Gober, Chris Ofili, and Jeff Koons himself [The New York Times]
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Russia’s biggest contemporary-art fair opened September 23, 2009 in Moscow to coincide with Third Moscow Biennale of Contemporary Art [Bloomberg]
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Donald Fischer, founder of Gap and art collector, loses his battle to cancer at 81; his collection will be permanently housed at San Fransisco Museum of Modern Art [San Francisco Chronicle]
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Artist Ed Ruscha stars in a film by video artist Doug Aitken to be projected as installation entitled “Frontier” on Tiberina island in Rome [The Art Newspaper]
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Andreas Gursky, his works and Pop influences, mainly Warhol’s, as analyzed in the Economist conclude “99 cents II (Diptych)” as the artist’s most important piece [Economist]
Last summer painter Alex Katz modeled clothes for J. Crew catalog; this year seven New York artists, including Ryan McGinness and Vito Acconci, are featured [J.Crew]
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Tate Modern to recreate a 1992 exhibition that took place in New York’s Leo Castelli and was criticized as racist; 15 years later Tate curators appropriate the show as a part of a bigger Pop Life: Art in a Material World exhibit and hope for a different reaction [The Independent]
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A Sigmar Polke painting, Untitled – Oil on Drape (1969), stolen directly from the artist’s atelier, the police deliberates the thief could only be someone with access to the space [Artforum]
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Frieze Art Fair 2009 announces the details of its sculpture park, in London’s Regent’s Park; “Henry Moore Bound to Fail” by American artist Paul McCarthy is to remain on display for six months [Frieze Art Fair]
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Guggenheim Museum Art Award via The New York Times
Louise Bourgeois, Urs Fischer, Dan Graham and Mary Heilmann are among the select individuals nominated for the First Annual Art Awards Guggenheim Museum announced this week [The New York Times] In related, the Frieze Art Fair announced the call for entries to The Cartier Award 2010 [Art Review]
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Results from Sotheby’s mid-season Contemporary Art Sale details at Art Market Monitor [Sotheby’s]
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The British Arts Council and the London 2012 organization announce Anthony McCall as a finalist in their nationwide initiative to commission public art in celebration of the upcoming Olympics. McCall has proposed a 1,5 mile earth sculpture in the form of a simulated vertical cloud in Liverpool [ArtInfo]
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A detailed survey of Contemporary-Art Auction values in the midst of economic crises as influenced by several variables, show a significant decrease [Bloomberg]
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65 year old Jehuda Reinharz, President of Brandeis University- home to Rose Art Museum housing works by artists such as Warhol and De Kooning, is to resign [Los Angeles Times]
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Sophie Calle photographed by Yves Geant via Guardian UK
France’s conceptual artist Sophie Calle’s path to art world recognition as examined through a personal perspective: stripping, spying, sleeping, “seducing her father” all turned into artistic practice [Guardian UK]
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At Westminster Cathedral, British painter Peter Doig is to create a new installation to coincide with a concert from the British pianist Stephen Hough whom he met after a recital in London in 2008 [Art Review]
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Two new co-directors, both previously with Art Basel, promote this year’s Art Forum Berlin to attract some of the city’s big name art galleries, among which: Max Hetzler, Johann König, Klosterfelde and Neugerriemschneider [Financial Times] and here is some video of the event [Vernissage TV]
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60 Galleries are not returning to Art Basel Miami Beach, but 65 new ones are added, hence the fair grows in quantity [Lindsay Pollock]
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Picasso’s sketch to be auctioned via Guardian UK
Picasso’s sketch that must have taken seconds to produce is expected to sell for more than £20,000 at Duke’s auction [Guardian UK]
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Christie’s “First Open” Post-War and Contemporary Art sale brings in good results, appealing to many buyers while providing a wide range of pricing and themes [Art in America]
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Christie’s Frieze exhibitions and auctions dedicated to Post-War and Contemporary Art will include works by artists such as Lucio Fontana, Damien Hirst and Gerhard Richter [ArtDaily]
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Museum of Contemorary Art in Los Angeles raises $60 million since December 2008 when it had revealed its financial troubles [Culture Monster]
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Annie Leibovitz and Damien Hirst to design for Louis Vuitton [Elle UK]
Annie Leibovitz during a photoshoot earlier this year. Via The New York Times–>
On Friday, September 11, The New York Times reported that the photographer Annie Leibovitz and her creditor, Art Capital Group reached an agreement to restructure the photographer’s finances and reconsider how much more time she had to repay a $24 million loan. Leibovitz’s financial struggles became apparent early this year when news broke that she had used real estate and the rights to all of her photographs as collateral for the loan.
Related Links
Agreement Reached on a Reprieve for Leibovitz Loan Repayment [NYTimes]
Understanding the Leibovitz Loan [ArtMarketMonitor.com]
Annie Leibovitz buys back copyright to her photos [The Associated Press]
Photographer Leibovitz could lose portfolio due to debt [CNN.com]
Annie Leibovitz as Everywoman [San Francisco Chronicle]
Annie Leibovitz avoids bankruptcy [Telegraph.co.uk]
Road to Recovery [Vogue.com]
Leibovitz buys back control of Photos, Real Estate [Bloomberg]
Art Capital Group sues Annie Leibovitz to collect on $24million loan [ArtObserved]
Judith Supine, Above the City in a Summer Night Dream via Wooster Collective
Judith Supine installs his “Above the City in a Summer Night Dream” on top of the Williamsburg Bridge in New York [Wooster Collective]
Ryan McGinley writes on Dash Snow in Vice Magazine [Vice via Art Fag City]
India’s contemporary art “superstar,” Subodh Gupta, before his first UK solo show at Hauser & Wirth, speaks of his Western influences [Financial Times]
In related, The Economist discusses the state of Indian Contemporary art with a summary of the International Art Fair in Delhi [Economist]
Julien Fronsacq (Palais de Tokyo, Paris), Olivier Sailliard (Musée de la Mode et du Textile, Paris),and Hans Ulrich Obrist (Serpentine Gallery, London) model for Yohji Yamamoto’s Y, via ArtJetSet
The spring lookbook for Yohji Yamamoto’s Y features curators as models [ArtJetSet]
Gagosian Gallery sues Lufthansa and Art Crate Inc. over the destruction of a 1969 Brice Marden painting worth $3 million [NY Times]
Russian artist, Presniakov, to sue Hilton heiress for failing to pay $10 million for his artwork [Reuters]
Meanwhile a Moscow dealer sues Luhring Augustine over George Condo paintings [Bloomberg]
Graffiti charges against Yoshitomo Nara dropped after 6 months of proper behavior [Artforum]
The Norton Simon Museum’s ‘Adam’ and ‘Eve’ become the center of a legal battle after an heir to the work claims the paintings were looted by the Nazis [LA Times]
Gavin Turk’s ‘Brillo 5’ a bronze sculpture of a cardboard box for sale via Christie’s
Christie’s announces its First Open Sale of Post-War and Contemporary Art, scheduled for September 23rd [Artdaily]
LA art gallery Blum and Poe expands its gallery into a new space launching October 2 in related both Sotheby’s and Christie’s downsize their LA operations [Lindsay Pollock]
Christie’s converts an icon Brooklyn warehouse into a rigorously guarded storage space [The New York Times]
With 372,000 visitors, the Frank Lloyd Wright exhibit was the most attended show in the Guggenheim Museum’s history [NY Times]
In related, Banksy’s guerilla Bristol Museum show reaches over 300,000 visitors [Guardian]
Posters for the New York Minute exhibition at Macro in Rome via OHWOW
An interview with Charles Saatchi, who is releasing a book on September 8th detailing his experiences as an art collector [Guardian]
Daniel Richter leads a protest against the demolition of artist studio and gallery space in Hamburg [Artinfo]
Moscow International Biennale for Young Art- an ambitious art initiative announces call for applications [Art Daily]
AMR- a new index by analysts for tracking prices aimed solely on post-war art is created [Financial Times]
The Scotsman Steps built in 1899 will become a panel for famous contemporary artist- Martin Creed’s installation [News Scotsman via ArtInfo]
A painting uncovered in Iraq is picked up by the media as a Picasso but is likely inauthentic [ArtMarketMonitor]
Pipilotti Rist via Panache
The Gucci Group award, previously awarded to artists including Steve McQueen and Julian Schnabel, has announced its 4 nominees, among which is artist Pipilotti Rist [Vogue]
This year’s Frieze Music Presentation will be a performance choreographed by artist Martin Creed [Frieze]
In response to LACMA’s decision to end its long standing weekend film program, two outside organizations step in with $150,000 pledge in an attempt to save it [Los Angeles Times]
Skewville wooden sneakers via C-Monster
The ubiquitous Skewville wooden sneakers have online documentation [Skewville via C-Monster]
The latest V magazine profiles 6 projects presented at the 53d Venice Biennale, including those by Tauba Auerbach, Aurel Schmidt, Dan Colen and the late Dash Snow [V magazine]
Art exhibitions to see this fall as suggested by New York art critic Jerry Saltz [Artnet]
The values of art related financial indexes increase as the market is possibly recovering [ArtInfo]
Townhouses restored and owned by photographer Annie Leibovitz could potentially cure her $24 million loan obligations to Art Capital Market [Bloomberg]
Nils Folke installation via Phillips De Pury
Phillips De Pury & Co installs sculptures by Nils Folke in its windows to be viewed from High Line park in New York [Phillips De Pury]
Newly created Arts Editor role at the BBC News is being assumed by Will Gompertz who is the current Director of Tate Media at the Tate [BBC]
This year’s Vanity Fair 100 includes art world figures Bernard Arnault (#10), François-Henri Pinault (#20), Miuccia Prada (#40) and Jean Pigozzi (#74) [Vanity Fair]
Ed Ruscha will receive the Artistic Excellence Award from the National Arts Awards on October 5, 2009 [Americans For The Arts]
The Guardian investigates the art scene in Moscow complete with the listing new exhibition spaces [Guardian]
A glimpse of the Sol LeWitt mural, ‘Swirls and Whirls,’ being constructed in the Columbus Circle subway station, via NY Times
In related, Turner Prize winner Richard Long designs the cover for the London Tube Map [FAD]
The Thyssen-Bornemisza Museum in Madrid has seen visitor numbers quadruple since the opening of its Henri Matisse exhibit [Art Daily]
Following the success of earlier Beyond Limits exhibitions, Sotheby’s announces its fourth contemporary sculpture exhibit at Chatsworth including works by Henry Moore, Marc Quinn, Zhan Wang, among others [Auction Publicity]
Jeff Koons via the Telegraph UK
Jeff Koons sits for lunch with the Financial Times and discusses his love of inflatables and how the custody battle for his son has affected his work [Financial Times]
MoMA’s PS1 in Queens will soon reprise its Greater New York exhibit, which will be its 3rd [LindsayPollack]
On Miuccia Prada and her still to be built €25 million, 20,500 square meter Prada Foundation in a south Milan industrial complex [ArtNewspaper]
Sotheby’s CEO William Ruprecht sells 5% of his equity holdings; he retains a 1% stake in the company [Barron’s via Art Market Monitor]
The Starns Brothers’ cover for the fifth anniversary of T Magazine, via NY Times
T Magazine celebrates its fifth anniversary with specially designed covers by Mike and Doug Starns, Jeff Koons, Francesco Vezzoli, Jenny Holzer, and Frank Gehry [NYTimes T Magazine]
Christie’s abandons its plan to establish an art-investment fund and a lending division [Bloomberg]
In related, Leibovitz creditor Goldman Sachs has stepped in to help negotiate the photographer’s financial troubles with Art Capital Group [Artforum]
The recession in the art world has not stopped bartering of valuable works between contemporaries [TimesUK]
Creative Time’s short shorts for sale at Creative Time
Creative Time is selling limited edition short shorts, and the campy video is here [CreativeTime via Artnet on Twitter]
On collecting phenomenon Herb and Dorthy Vogel’s gift of 50 works to 50 US States [Wall Street Journal]
Interpol allows online access to its 34,000 work database of stolen art [ArtDaily]
In related, roughly 1,000 Alberto Giacometti counterfeit sculptures seized in Germany [GlobeandMail]
Dasha Zhukova via Style.com
Dasha Zhukova, rumored pregnant with 2008 top collector Roman Abramovich’s child, as new editor of Pop magazine has a Damien Hirst work on the cover [NYMag]
Russian oligarchs invest enough money in the Constructivist and Suprematist art of the beginning of 20th century to provoke forgeries, more than half of items bought of these movements are reported to be inauthentic [The Independent]
In related, as Princeton Architectural Press claims to have discovered Frida Kahlo’s lost archive, scholars involved with the artist’s work refute the possibility of it being authentic [GuardianUK]
A new high intensity x-ray developed by Cornell University has already revealed a lost NC Wyeth illustration [ArtInfo]
Stephen Power’s Hold My Own Iverson’s Arm
2007 Fulbright Scholar Stephen Powers, known as ESPO, is completing his Love Letter project, comprised of murals by multiple artists stretching across his home town of Philadelphia that can be seen from one train [A Love Letter For You]
Shepard Fairey calls his decision to graffiti-proof the brick walls of his studio personal preference and rebutts claims of hypocrisy [Street Level] and separately he is to unveil a large scale mural produced by the gallery Country Club at Art Basel Miami Beach [ArtDaily]
Are Museums crossing the line by granting curatorship to corporations? [The New York Times]
Terence Koh’s window display at Opening Ceremony which reads “The Whole Family” via this hearts on fire
Terence Koh sends a very Terence Koh letter regarding his latest project with Opening Ceremony, a window installation [Hint]
On the relatively accessible yet potentially financially rewarding decision to invest in the works of MA students [The Guardian]
The Bortolami Gallery building is up for sale at $6.1 million by collector Adam Lindemann as Stefania Bortolami prepares to move to another location in Chelsea [Lindsay Pollack]
Matthew Barney and Bjork buy a four bedroom townhouse in Brooklyn Heights listed for $4.2 million [NYMag]
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Ian Peck and Baird Ryan at Art Capital Group. Via The New York Times
Art Capital Group founded in 1999 and based in New York is a company that provides financial and consulting services to art owners in creating liquidity from assets. In other words, Art Capital allows clients to discreetly get loans in using artwork as collateral. Whether it is due to the tender nature of the business that steps into the fields of intellectual property when dealing directly with artists, or the necessity on the company’s side for firm and assertive approach in an economic environment that is nothing short of unstable; Art Capital Group seems to often be caught up in lawsuits with its clients. One of the most prominent photographers Annie Leibovitz has recently become the center of one of those litigious disagreements.
Related Links:
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For Annie Leibovitz, a Fuzzy Financial Picture [The New York Times]
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That Old Master? It’s at the Pawnshop [The New York Times]
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Lender Sues Annie Leibovitz, Seeking Her Homes to Pay $24 Million Debt [The New York Times]
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Leibovitz, Photographer, Sued Over $24 Million Loan [Bloomberg]
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Art Capita Group, Inc. [Business Week]
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Annie Leibovitz pawns rights to all future work [Guardian]
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Annie Leibovitz via Daily News
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