AO Art Observed™

The entrance to Art Basel Miami Beach 2009

“There’s a lot less ornament and a lot more substance,” declared Micky Wolfson Jr., founder of Miami Beach’s Wolfsonian Museum – this phrase sums-up many reflections on the eighth edition of Art Basel Miami Beach closed on Sunday, December 6 where smaller parties dominated and collectors purchased cautiously. In keeping with tradition edgy Contemporary pieces were bestsellers at Art Basel Miami Beach with larger, museum-targeted pieces dominating the booths along with traditional works by Popular Latin American artists such as the Mexican artist Gabriel Orozco. Interestingly, while many Asian and European buyers skipped the fair, additional Portuguese speakers were hired to aid Latin American buyers who were out in force.

Santigold performs at the Raleigh Hotel

Much more text, images and a full round-up of related links after the jump….
(more…)

Joan Miro piece thought to be among those stolen Via Monterey County Herald

Approximately $27 million of artwork has been stolen from a home in Monterey, California on Friday afternoon. The substantial collection, belonging to A. Benjamin Amadio and Dr. Ralph Kennaugh, contained several important works including pieces by Jackson Pollock, Matisse, Miro, Rembrandt and Van Gogh. The Jackson Pollock, a painting measuring  3-by-7-foot has never been on the open market and could potentially be worth more than $40 million alone.

Related Links:
$27 Million in artwork stolen Pebble Beach home [Monterey County Herald]
$27 million worth of Rembrandt, Van Gogh and Pollock artworks stolen from Pebble Beach home [LA Times]

More images and text after the jump….

(more…)

The James Turrell Museum of the Hess Art Collection in Argentina

James Turrell Museum of the Hess Art Collection opens its 18,000 sf space in Argentina, almost 8,000 sf above sea level [Reuters]
The Tate galleries issue over 400 video and audio lectures, talks, debates for free on iTunes [Apple]
A video look inside the studio of Jeff Koons [Tate]
Bruce Nauman in his studio, in anticipation of his representing the US in Venice [NYTimes]

Portrait of Nicholas Roerich via Reuters

Despite the above portrait of Nicholas Roerich by his son fetching $2.9M, close to 3x its high estimate of $1.1 million, sales of Russian art in New York by Sotheby’s and Christie’s clear an unsubstantial $27 million versus last year’s $64 million [Reuters]
Is the value of the work of Richard Prince particularly at risk in this recession? [Portfolio]
Angus Murray launches Castlestone’s $50M Modern Art Fund [Portfolio Advisor]

Damien Hirst with The Hours and the painting he created for their album cover via The GuardianUK

Win the £125,000 orignal painting Damien Hirst made for The Hours’ new album cover [GuardianUK]
MoMA sued by heirs of George Grosz over three works the artist left behind when fleeing Nazi Germany [NY Times]
In related, Austrian city of Linz may return $15 million Gustav Klimt to Holocaust victim [Bloomberg]

A shot of the scene sans Mona Lisa via Vanity Fair

A excerpt from a new book on the famous theft of the Mona Lisa in 1911 [Vanity Fair]
A summary of how dramatically US Museums have been hit by the economic slowdown [ArtNewspaper]
In directly related, a timeline of Museums and the recession [ArtInfo]
The “hottest” art exhibitions of summer 2009 according to Times UK [TimesUK]
London usurps New York as top auction location for 2008, bolstered mainly by Damien Hirst’s Sotheby’s sale [ArtInfo via ArtFagCity]
The low profile nature of private sales causes them to rise in popularity due to the impact of public failure of sales at auction [NYTimes]

Saatchi-online’s billboard partnership with Clearchannel via ArtDaily

Clearchannel partners with Saatchi’s to promote through its billboards Saatchi-online’s commission-free online art sales [ArtDaily]
In related, The 10 winners of the Guardian/Saatchi art competition are announced [Guardian UK]
The world’s largest art prize, decided by vote, launches in Grand Rapids, Michigan [artprize.org]
The Park Avenue Armory in New York announces an annual commission for it’s Drill Hall, on May 14th its inaugural exhibition will be Ernesto Neto [ParkAvenueArmory]
Christie’s auction house creates a specific unit to divest of corporate art works [Crain'sNY]
On its 5th anniversary, the UK’s Art Council Initiative interest free loan program has supported a total of £10.5 million worth of arts purchases involving 12,500 people [Artscouncil]

Damien Hirst’s custom Harley-Davidson motorcycle via Motorcycle News

Damien Hirst creates a custom Harley Davidson for charity [Motorcycle News]
Lawsuit alleges fraud from Louis Vuitton in Murakami 2007-08 LA MOCA exhibition due to prints being merely “factory leftovers from handbag production” [LATimes]
In related, Murakami protege Mr. collaborates on a Lucien Pellat-Finet clothing collection [Hypebeast]
Following the National Portrait Gallery in London announcing its shortlist of three artists for the 2009 BP Portrait Award, an in-depth article on craft [IndependentUK]
Vacant retail locations as exhibition space in London [GuardianUK]

A work by Andrei Molodkin via artsblog.it

Andrei Molodkin, to represent Russia in the Venice Biennial, creates sculptures using human corpses rendered into crude oil [The Independent]
At the beginning of Asian week in New York, a case for the relative value of traditional Japanese art [Forbes]
The Metropolitan Museum of Art cuts more jobs [New York Times]

Neues Museum in Berlin via London Festival of Architecture

The Neues Museum in Berlin opens dramatic space designed by London architect David Chipperfield [New York Times]
Richard Prince denies reports that he is to donate his rare book and publications collection to the Morgan Library in New York [ArtInfo]

Rembrandt, The Storm on the Sea of Galilee one of the works stolen in the Gardner heist, via the Boston Globe

A new plea (with video) for leads leading to the return of  the $500 million worth of art stolen in Boston’s 1990 Gardner Museum  heist, which was the largest in history [Boston Globe via ArtsJournal]
Mary Boone is suing a collector and trustee of the Columbus Museum of Art to complete the sale of a Will Cotton work [Artnet News]

Anthony d’Offay via the GuardianUK

Anthony d’Offay interviewed, whose Artists Rooms tour begins in Edinburgh and was made possible from the selling of his vast collection for £26.5 million, an estimated 5th of its value [TheScotsman]
The balance of power between London vs Paris as art capitals altered perhaps by the recession [TimesUK]

Self Portrait (1630) by Rembrandt van Rijn; stolen in 2000, recovered in 2005 by a team led by Robert Wittman. Image via Codart

Via the BBC: “It’s about saving the cultural property of mankind … Every country has a different cultural heritage and saving these things brings us closer together as human beings. When it comes to art, it’s visceral. It affects us in a deep, emotional way.” – Robert Wittman

20 years after leading his first major art recovery operation,  the FBI’s top agent in art theft investigations and recoveries is set to retire. By often posing as a crooked art dealer working on behalf of wealthy organized criminals, Special Agent Robert Wittman has played a key role in recovering $225 million in stolen art over his career, often going undercover to retrieve very high profile works of art.

His first assignment, in 1988, involved recovering the second largest crystal ball in the world, once owned by the Empress Dowager Cixi of China. The ball was stolen from the University of Pennsylvania Museum of Archaeology and Anthropology in the middle of the night. Within two years, Wittman recovered the crystal ball, as well as “Man with a Broken Nose,” a Rodin from the 1860s that was also stolen that year, impressing the FBI enough to install him as head of art crimes investigations.  Since then, 9 out of 10 cases he has participated in have involved some sort of undercover operation, which draw on what sources describe as Wittman’s considerable charm and his ability to blend into any crowd due to his average build and ‘average Joe’ features.

FBI: Top Ten Art Crimes
FBI: Art Theft Program
The invisible man rescuing art [BBC]
FBI’s Top Investigator Involving Art Theft and Art Fraud, Robert Wittman, Retires [ArtDaily]
Missing A Masterpiece? Call FBI’s Art Crime Team [NPR]
The Heist Meister [Art Market Monitor]
Stolen Rembrandt work recovered [BBC]

more story and images after the jump…

(more…)

Soon-to-be-former Lehman Brothers corporate headquarters

Lehman Brothers may sell some or all of its 3,500-work corporate art collection [Bloomberg]
How the Wall Street firm implosion jeopardizes New York arts funding [NY Sun]
French art dealers, armed with currency arbitrage, settle into Manhattan [The Art Newspaper]
7 artists recontextualise the River Thames [GuardianUK]
Following ‘Pest Control,’ ‘Vermin,’ a second Banksy authentication group emerges [Art Info]
Five 17th century Dutch paintings stolen in 2002 at $4.2M of insurable value are recovered [BBC]

Cubist Still Life by Arshile Gorky, one of the paintings stolen from the Los Angeles’s couples home via LA Times

An unidentified elderly couple of Enico, Los Angeles were at home preoccupied while a thief, or possible thieves, entered their home and stole an art collection worth millions of dollars. At least a dozen paintings were stolen including works by Marc Chagall, Hans Hofmann, Chaim Soutine, Arshile Gorky, Emil Nolde, Lyonel Feininger, Diego Rivera, and Kees van Dongen. Each stolen work was worth at least six figures, some of them closer to $1 million. While the theft occurred in August police waited until September to publicly announce the crime and the $200,000 reward for information leading to the return of the paintings. The couple remains unidentified by police as does the source of the reward money. It remains unclear if was a single thief, or a group. Police are also uncertain if it was a common thief-likely to pawn off the paintings immediately, or a more sophisticated thief with ties to collectors or criminal gangs specializing in pilfered artwork. Art theft is by FBI estimates is a $6-billion-a-year global industry.

Swift L.A. art heist claims couple’s collection worth millions [LA Times]
A Dozen Artworks Stolen from L.A. Collectors’ Home [ArtInfo]
Find stolen paintings, collect $200,000 [Two Coats of Paint]

(more…)

Jeurgen Teller and his son via New York Magazine

Art auctionable fashion photographer (and husband to London gallerist Sadie Coles) Jeurgen Teller [New York Mag]
A billionaire’s $4 million, 14,000 sf gallery to sell his mother’s art in midtown Manhattan [Bloomberg]
After her big art event in Moscow, more on Daria “Dasha” Zhukova [Times Online]
Curating the Met’s acquisition of the complete Diane Arbus archive [NYsun]
Police recover final piece stolen during the daylight theft at Estacao Pinacoteca Museum, Sao Paulo [Art Daily]

Brice Marden via the The New York Observer

Artist Brice Marden is redeveloping a hotel in the Caribean island of Nevis [NYObserver]
S&M self-portraiture coming to the Guggenheim with Catherine Opie retrospective [NYTimes TMagazine]
After 30 years, lawyer on trial for attempting to profit off stolen art, including a $29.3M Cezanne [Artinfo]
Fake American Apparel ads in Brooklyn reference Jeff Koons and perhaps Damien Hirst [AnimalNY]
Ed Ruscha’s open-air studio in Venice Beach, CA may become a city parking lot [NYTimes]
The 100% self made custom wardrobe of artist Mike Latham, of Art’s Corporation, features his signature barcode [NYSun]

Tete de Diego, Giacometti sculpture found in apartment, via FBI

On Monday, the Federal Bureau of Investigation posted 137 artworks on their homepage as part of a two year long effort to track down their rightful owners. In 2006, a Manhattan eccentric who went by the alias William Milliken Vanderbilt Kingsland passed away, leaving behind an extensive collection of art piled inside his one bedroom East 72nd Street apartment. Christie’s has valued the higher-end works at around $2.4M.

Looks for owners of Stolen Paintings [Artdaily]
NY Art World Shock: Stolen Paintings in Famous Collection [New York Post]
Two Years Later, the F.B.I. Still Seeks the Owners of a Trove of Artworks [NYtimes]
Stolen Art Uncovered: Is it yours? [FBI] and a gallery on the website of the recovered works here

(more…)

Ryan McGinley shooting for Wrangler Jeans via Radar

Ryan McGinley is making ads for Wrangler jeans (running only in Europe) [Radar via Artfagcity]
Sotheby’s consolidates Asian art auctions from New York to Hong Kong [Bloomberg]
Taryn Simon commissioned by Nike to shoot the Men’s US Olympic Basketball team [SuperTouch]
Stained-glass cathedral window by Marc Chagall is shattered by vandals in France [NYTimes]
The global effects of four major types of art crimes: vandalism, theft, looting and forgery [Art Info]

Andy Warhol’s Muhammed Ali Print via Artinfo

Warhol’s $28m “Athletes” series in Beijing for the Olympics [Macau Art]
Armed thieves steal 15 Antonio Berni works worth $2.2m in Buenos Aires [Art Daily]
New niche for ‘functional sculpture’ or art-as-furniture, among the big art buyers [Independent]
An increase in collectors wanting liquidity in their art by borrowing against it [NYSun]
Western art galleries in Beijing work quickly to cater to new wealthy Asian buyers [Telegraph]
Pretty Ugly at Gavin Brown and Maccarone reviewed the Times, previously covered by AO here [NYTimes]

Snow Scene at Argenteuil 1875 by Claude Monet (1840-1926) via Guardian

On view at Tate Britain: 18 masterpieces recently bequeathed to British National Gallery, including works by Degas, Freud, Monet, worth roughly $200,000,000 [GuardianUK]
The art/fashion, Vuitton/Richard Prince link in London [Bloomberg]
Mutualart.com’s Top Art Exhibitions for 2008 [Businessweek]
French art thief pleads guilty in botched $4.7M masterworks sale, indictment covered by AO here [NYSun] [AO]
2009 Turner Prize judges announced [TheArtNewspaper]
MOMA buys 3 Jasper Johns works for undisclosed sum (note: 2 years ago a Johns sold for $80M) [NYTimes]

State prosecutor, Jacques Dallest, displays stolen paintings via ReutersUK

A Frenchman living in Florida has been charged with conspiring to sell four masterpieces, stolen from the Musee des Beaux-Arts in Nice, France back in August 2007. The Frenchman, Bernard Jean Ternus, was caught trying to sell four paintings, by Claude Monet, Alfred Sisley, and Pieter Breugel, to undercover FBI agents. The four recovered paintings were Falaises près de Dieppe by Claude Monet, Allée de peupliers de Moret by Alfred Sisley, and Pieter Breugel’s Allégorie de l’eau and Allégorie de la terre.

French Man Living in Florida Indicted for Conspiring to sell stolen works [Artdaily]
Frenchman in Florida charged in Monet, Sisley Art Heist [CBC]
U.S. charges Frenchman over stolen Monet, other art [ReutersUK]
Frenchman Charged With Plotting to Sell Stolen Monet Painting [Bloomberg]
French Citizen charged in brazen Art Theft [CalgaryHerald]
Art thieves aren’t just in it for the Monet [Guardian]

(more…)

Amy Winehouse via musikxtrema

Roman Abramovich pays Amy Winehouse $2 million to open girlfriend Daria Zhukova’s 8,000 square meter Moscow gallery [Ria Novosti]
Tom Sachs Interview[artinfo] and double show review [NYTimes]
Two Picasso prints ($612K) stolen from Brazil museum by force [Int. Herald Tribune]
Sotheby’s floating $300 million of convertible notes [Bloomberg]
1.27 Million pound record for indian art sale[Bloomberg]
London new mayor keeping art on fourth plinth[artinfo]

via Telegraph.co.uk

Israel’s National Museum opened a two new exhibitions that aims to reunite works of art and their rightful owners. “Looking for Owners” features roughly 53 works on loan from French Museums that were stolen by the Nazis and never returned. “Orphaned Art” exhibits works of which the owners are known to be deceased. The exhibitions have an impressive roster that include works by Courbet, Matisse, Monet, and Seurat.

Israel Museum Displays Looted Art [Associated Press]
Israel Tries to Unite Owners with Nazi Looted Art [Art Info]
Art Stolen by Nazis Shown for First Time [Telegraph]

(more…)

 
Monet’s “Poppies Near Vetheuil”, via New York Times

Monet’s “Poppies Near Vetheuil” and Van Gogh’s “Blossoming Chestnut Branches” were found last night by Zurich police. Cezanne’s “Boy in Red Jacket” and Degas’ “Count Lepic and Daughters” still remain missing.

Monet and Van Gogh’s Recovered [Bloomberg]
Police Recover Paintings [City News]
Art found near psychiatric hopital [New York Times]

(more…)