Global contemporary art events and news observed from New York City. Suggestion? Email us.


AO Newslink

Friday, October 5th, 2012

White Cube HoxtonWhite Cube announced that it will close its East London Hoxton location (established 2000) at the end of 2012. The gallery plans to focus on the Mason’s Yard, Mayfair and the Bermondsey Street locations. The gallery says that “no decision had been taken on the future of the former industrial building.” (more…)

Friday, March 2nd, 2012

‬In his first interview in 10 years, White Cube founder and renowned art mogul Jay Jopling addresses his ability to walk the line of ‘privilege and populism.’ He explains to the Financial Times: “I always liked to collide the establishment with the avant-garde.”
[AO Newslink]

(more…)

AO On Site – Paris: FIAC Preview (with photoset) and News Summary, October 20–23, 2011

Thursday, October 20th, 2011


FIAC 2011 at the Grand Palais in Paris. All photos on site for Art Observed by Caroline Claisse.

FIAC 2011 (The Foire Internationale d’Art Contemporain) opens this weekend in Paris for its 38th year. The international art fair, which boasts an impressive array of 168 galleries from 21 countries, will show the work of some 2,800+ artists. Running October 20–23rd, the exposition comes at the tail end of Frieze Art Fair, drawing artists, collectors, gallerists, and enthusiasts eastward from London. While the focus of Frieze leans toward contemporary, FIAC includes both contemporary and modern, including works from Picasso, Calder, and Matisse. The fair has been building momentum since 2006; Jennifer Flay, appointed general director in 2010, credits this boost to the fair’s move to the Grand Palais, one of the city’s most cherished architectural gems. The fair also expands this year to the Jardin des Tuileries, the Jardin des Plantes, the Museum of Natural History, and other venues around the city. Another innovation, a mobile application (in French) is available through Windows Phone which enables visitors to book tickets directly from their phone, as well as receive realtime news updates from the fair, find exhibitors and artists, and access videos and photos of the show.


Jay Jopling of White Cube, which is exhibiting Damien Hirst’s Where Will It End.

More on site coverage and images after the jump… (more…)

AO On Site (with Photoset) – London: Frieze Art Fair 2011 Day 2 Review

Thursday, October 13th, 2011


Doug Aitken, Now (2011) at 303 Gallery NY. All photos for Art Observed by Caroline Claisse.

AO is on site in London for this week’s Frieze Art Fair. With 173 galleries selling an estimated $350 million worth of art, a level of anxiety pervades as the week’s results will be indicative of the overall international contemporary art market. Works like Christian Jankowski’s droll The Finest Art on Water and Michael Landy’s Credit Card Destroying Machine directly comment on the world economic state, while the overall demeanor remains upbeat, with art world moguls and A-list celebrities enjoying the festivities.


Michael Landy’s Credit Card Destroying Machine (2011), Thomas Dane Gallery

More text and images after the jump…
(more…)

Sunday, October 9th, 2011

London dealer Jay Jopling is profiled by the Guardian as Frieze week is set to begin [AO Newslink]

(more…)

Monday, July 18th, 2011

Jay Jopling’s White Cube, purveyor of art by Damien Hirst, Tracey Emin, Chapman Bros., to open first overseas branch in Hong Kong, shortly after Larry Gagosian [AO Newslink]

(more…)

AO on site Photoset (2 of 3) – Art Basel 42: Art Basel 2011, The Main Fair

Thursday, June 16th, 2011


Yutaka Sone Little Manhattan (2007-2009) at David Zwirner Gallery – All images by Caroline Claisse for Art Observed

Art Observed remains on site in Basel, Switzerland for Art 42 Basel 2011.  The following is our second of the photosets of the main fair.  Stay tuned for more coverage of the main fair before the end of the week as well as profiles of the satellite exhibitions and events.


Artist Wim Delvoye before one of his sculptures at Galerie Emmanuel Perrotin

more images and links after the jump…

(more…)

Breaking: Jay Jopling's London-based White Cube Announces Plans to Convert Massive Warehouse to New Gallery on Bermondsey Street, Southeast London

Friday, December 10th, 2010


Inside the Bermondsey Street warehouse, via NovaLoca

London art dealer Jay Jopling has just announced that the former Recall warehouse in Bermondsey Street will soon be converted to a gallery under his White Cube umbrella.  Jopling, through White Cube, represents such artists as Jake & Dinos Chapman, Tracey EminDamien Hirst, Gary Hume, Marc Quinn and his former wife Sam Taylor-Wood, among others.


Jay Jopling, via The Rich Life

More story after the jump…

(more…)

AO On Site Auction Results – New York: Christie’s Post-War and Contemporary Sale Tuesday November 10, 2009 – Top Lots Go Unsold

Wednesday, November 11th, 2009

Large Vase of Flowers, Jeff Koons
Large Vase of Flowers, Jeff Koons. Sold by Benedict Tashcen to Dominique Levy for $5,682,500. All images via Christie’s

Last night Christie’s, New York brought-in a total of $74,151,500 from the sale of 39 lots at their Post War & Contemporary sale. While this figure falls within the pre-sale estimate of $64 – 88 million, and an impressive 21 lots sold for over the $1million mark, the sum is still a strong step down in comparison to that acquired from last year’s Fall Contemporary Auction at Christie’s which brought in $113.6million for a 43 lot sale.  In the end, major marquee works went unsold.  After a remarkable Impressionist and Modern auction at Sotheby’s last week, rumors were flying that the Art Market was flourishing once again – however, it now appears that the art world may have spoken too soon.

Reflection (What does your soul look like) Peter Doig
Reflection (What does your soul look like),Peter Doig

More text, images, video and related links after the jump….
(more…)

Newslinks for Wednesday, April 1, 2009

Wednesday, April 1st, 2009

hockney-beverly-hills-housewife
David Hockney’s ‘Beverly Hills Housewife’

David Hockney’s iconic painting, ‘Beverly Hills Housewife’ is the marquee lot in Christie’s May 13 Post-War & Contemporary Art Evening Sale [ArtDaily] and more on this painting here [MoreIntelligentLife]

alberto-giacometti-le-chat-sothebys1
Alberto Giacometti’s Le Chat from 1951

In related, Alberto Giacometti’s Le Chat will go under the hammer at Sotheby’s Spring sale of Impressionist and Modern Art in New York for an estimated $16 to $22 million [ArtDaily]
Analysis of London gallerist Jay Jopling’s career in a time of uncertainty
[TimesUK]

daria-dasha-zhukova
Dasha Zhukova

A lunchtime interview with Daria “Dasha” Zhukova on her Garage Centre for Contemporary Culture in Moscow and other various topics [Financial Times]
The collapse of top Berlin galleries allows room for newcomers [GuardianUK]
With his Kenya and Cambodia projects getting attention, anonymous Parisian Street artist JR is going big and raising the profile a bit [Independent]

honeyee-magazine-vol-8-damien-hirst

Damien Hirst is the cover of Honeyee Magazine [Honeyee] and, he’s sponsoring a giveaway contest for his work to promote the new album for the Hours [Guardian]
New York art visits Cuba at the Havana Biennial [New York Times]
Old Master sales in
December in London and in New York in January seem to defy downward market trends [Financial Times]

lucian-freud
Lucian Freud via the TimesUK

Lucian Freud’s latest painting unveiled [TimesUK]
Swiss bank UBS closes its “art banking” department [Crains New York]
Phillips de Pury faces the headwinds [Portfolio]

tate-modern-expansion-herzon-de-meuron
The proposed extension of the Tate Modern

Tate Modern expansion by Herzog & de Meuron receives approval [Bloomberg]
Faith-Ann Young on the fully manifested decline in the art market
[Economist]
Joan Banach sues foundation where she formerly worked as curator and cataloger of Robert Motherwell’s work
[NY Times]
Video: Tracey Emin’s retrospective on display now at Kunstmuseum Bern, Switzerland [Vernissage]

No brown skins. (Hispanic Americans and the 1986 Immigration Reform Act)

The Economist (US) February 3, 1990 No brown skins SAN FRANCISCO HISPANIC Americans were against the 1986 Immigration Reform Act; they feared it would give employers an excuse not to hire people who looked or sounded Hispanic. They were right, it seems. The California Fair Employment and Housing Commission reports that the law, which is supposed to deter illegal immigration, has created “a widespread pattern and practice of discrimination” against legal immigrants.

The law fines or imprisons those employers who are caught hiring illegal immigrants. Nervous employers are playing safe by brushing aside official work permits and declining to hire people with brown skins and Latin names and accents. The law, which was supposed to protect people against this happening, created a special counsel to hear complaints and to act on them. But there is just one special-counsel office, and that is in Washington, DC. Few immigrants even learn of its existence, let alone approach it with complaints. go to website illegal immigration statistics

In addition, reports the Californian commission (an independent agency established 30 years ago to protect civil rights in jobs and housing), the Immigration and Nationalisation Service (INS) issues such a variety of different immigrant classifications that employers cannot be familiar with what is official and what is not. The confusion is compounded by the amnesty that the law gave to illegal immigrants who could prove that they had lived in the United States since 1981, plus the special rules for agricultural workers. The sorting-out of all this leaves the immigration service snowed under with forms and letters of work-approval.

Although the INS claims to have spent $2m on educational material explaining the law, the explanation, the commission says sternly, is “inadequate…incomplete and confusing”. As remedy, the commission proposes a temporary moratorium on employer sanctions until the backlog of appeals for work authorisation is cleared, the educational material is rewritten and special counsel offices are opened around the country. go to website illegal immigration statistics

The California report is important since about half the immigrants who come to the United States seeking work authorisation come to California. But it is only one in a series of reports on the effect of the 1986 law. A New York task force is due to report to Governor Mario Cuomo soon. And in a month or two, the General Accounting Office (GAO), which was officially charged to monitor the consequences of the immigration controls, will be issuing its findings. Last year the GAO reported that about 16% of some 3.3m employers who were aware of the new rules did discriminate against foreign-looking applicants. The report called for a more co-ordinated effort to educate the public but, unlike the California commission, it did not declare that a “pattern” of discrimination had resulted from the act.

If the GAO now finds such a pattern, it would trigger changes in the law. Congress would have 30 days to consider lifting sanctions against employers. But if the GAO reports that it has found no serious discrimination, the provisions in the law that are supposed to protect workers against bias would be removed. In any event, the GAO report will set off a fiery debate in Congress.

Part of the debate is whether the law’s strictness has in fact cut down illegal immigration. Statistics from the INS suggest that it has. In 1986 1.6m people were caught trying to enter from Mexico; in 1989, with more border guards, the total had shrunk to 850,000 people. Either they are getting cleverer at evading the guards, or the law, despite its unfair side-effects, is working.

Newslinks for Sunday, January 18th, 2009

Sunday, January 18th, 2009

francis-bacon-man-in-blue-iv1
Francis Bacon – Man in Blue VI via TimesUK

Francis Bacon’s ‘Man in Blue VI’ highlights Christie’s February 11th sale [BBC]
Museums cut budgets as endowments shrink
[Art Newspaper]

jay-jopling-and-sam-tayor-wood

Art Dealer and White Cube Gallery owner Jay Jopling and Artist Sam Taylor-Wood via the DailyMail

On the fractious Jay Jopling and Sam Taylor-Wood “£100m divorce” and a brief history of the couple [DailyMail]
Art galleries Guild & Greyshkul, Cohan and Leslie, and Roebling Hall are the latest to close
[Artnet]
The Guggenheim museum sets record attendance [Cranes] as does The Louvre [ArtInfo]
Fashion brand Lucien Pellat-Finet to collaborate with artist Marc Quinn [Vogue]

lucio-fontana-concetto-spaziale-19611
Lucio Fontana – Concetto spaziale, 1961 via ArtDaily

Sotheby’s
February 5 London Contemporary Art Evening auction to sell
Lucio Fontana’s rediscovered Concetto spaziale (1961) at at estimate of £5-7 million
[Reuters]
The total value of London’s art auctions in February are a mere 23% of 2008 levels [Bloomberg]
Scores of artists settle in Sunset Park, Brooklyn’s “Industry City” [NYMag]
Art colleges as hype machines? [GuardianUK]

no-line-on-the-horizon-u2-hiroshi-sugimoto
Hiroshi Sugimoto’s cover for U2 via Blitz.pt

Hiroshi Sugimoto is the cover art for U2 new album [Rolling Stone]
Edward Winkleman offers tactics for art galleries to weather a recession
[ArtworldSalon]

Newslinks for Monday, January 12th, 2009

Monday, January 12th, 2009

holbein-erasmus
Erasmus portrait purported to be by Holbein the Younger, via The Art News

Experts speculate that new portrait of Erasmus is by Holbein the Younger [ArtInfo]
Art auction houses have always been touted as the most transparent transactions in the system, but they are  far more complex and secretive, and in recent years, much more is at stake [Financial Times]
Review of critic Michael Fried’s latest book: Why Photography Matters… [Artforum]

shepard-fairey-obama-hope-portrait
Shepard Fairey’s ‘Hope’ portrait of Barack Obama, via AP

Smithsonian acquires Shepard Fairey’s ‘Hope’ portrait of Obama [ArtInfo]
White Cube’s Jay Jopling’s rise to power and the current pressure from a failing market, gossip tabloids [The Times UK]

brad-pitt-by-chuck-close
Brad Pitt portrait in daguerreotype by Chuck Close, via W Magazine

Chuck Close’s daguerreotype portrait of Brad Pitt is W Magazine’s new cover [W Magazine]
The Vatican aims to exhibit art in a ‘national pavilion’ during the Venice Biennale as a counbterpoint to “blasphemous” modern art [Times UK]

mark-rothko-black-on-maroon-1959
Black on Maroon (1959) by Mark Rothko, part of the Seagram mural series, via Tate Modern; studies for the Seagram series are owned by Ezra Merkin, who lost billions to Bernie Madoff ‘s investment scheme.

Assailed Madoff victim has 12 Rothkos; collectors salivate [Bloomberg]
The Art Newspaper explores the changing emerging art markets of China, and Russia here, and India here [Art Newspaper]

Newslinks for Monday, January 5th, 2009

Monday, January 5th, 2009

alanna-heiss3
Alanna Heiss via ArtNet

Alanna Heiss has retired after 37 years of curating MoMA’s PS1; an article on her final show [NYTimes]
$250,000 worth of prints including those by Pablo Picasso, Henri Matisse stolen in Berlin
[AssociatedPress]
A chronicle of the rise of auction prices before the fall, and a rumor that 2/3 of the bidders for Hirst’s monumental September auction may not actually pay for the works,
and part 2 here [Bloomberg]
A video of  Eric Fischl at Mary Boone
[Newarttv]

egon-schiele-portrait-of-wally
Egon Schiele’s Portrait of Wally via the ArtNewspaper

US lawsuit filed to confiscate Egon Schiele’s Portrait of Wally from the Leopold Museum in Vienna is suspended [ArtNewspaper]
Art dealers as paparazzi fodder?  White Cube owner Jay Jopling garners attention with singer Lily Allen in St. Barths [TheMirror]
also on the island, dealer Larry Gagosian and the band Kings of Leon fete collectors Roman Abramovich, Dasha Zhukova and Aby Rosen, designer Marc Jacobs, hip hop mogul Russell Simmons, musician Jon Bon Jovi and actor Daniel Craig among others
[IndependentUK]
In other art world vacation news, Damien Hirst hires 4 guards formerly in the British Special Forces to protect him during his Mexico holidays
[MercoPress]

chanel-mobile-art-pavilion_
The Chanel Mobile Art Pavilion via architecturelist

The Zaha Hadid-designed Chanel Mobile Art tour is stopped; London, Moscow, and Paris canceled [ArtInfo]
Emmanuel Perrotin on three current Parisian exhibitions [The Moment - NYTimes]
MoMA to launch two-year series of live performance works
[NYMag]
Collector Ronald Lauder interviewed at his Klimt-rich Neue Galerie in New York
[Financial Times]
Damien Hirst bans a documentary film of his Statuephilia work
[TelegraphUK]
The Velvet Underground’s John Cale will represent Wales at Venice Biennale of Art next year
[BBC]
The controversial act of State museums deaccessioning works [NYTimes]
The Getty endowment has declined 25%
[LATimes]
Art Info’s Top 5 art world figures of 2008
[ArtInfo]

Newslinks for Sunday, November 30th, 2008

Sunday, November 30th, 2008

ed-ruscha-art-production-fund-beachtowel
A beach towel by Ed Ruscha via the Art Production Fund

Just in time for Art Basel Miami Beach, new beach towels by Ed Ruscha, Karen Kilimnik, Raymond Pettibon and Julian Schnabel are ready, catch them at the Raleigh Hotel [Art Production Fund]
A Page Six roundup of some of the Art Basel Miami Beach parties, as usual, the Raleigh hotel is front and center [NYPost]

paysage-le-mur-rose-landscape-the-pink-wall-henri-matisse1
“Paysage, le mur rose” (Landscape, the Pink Wall) by Henri Matisse via Artsjournal

France gives back Henri Matisse painting, once seized by Nazi SS officer, proceeds from sale to go to British charity for medical rescue in Israel [Artsjournal] more here [AP]

museum-of-islamic-art-doha-qatar1
Museum of Islamic Art, Doha, Qatar via The New York Times

Qatar opens the 41,000 square foot, IM Pei designed Museum of Islamic Art in Doha; Robert de Niro, Damien Hirst, Jeff Koons and London dealer Jay Jopling attend festivities [NewYork Times]

giambattista-tiepolo-portrait-of-a-lady-as-flora1
Portrait of a lady as Flora , by Italian master Giambattista Tiepolo

A lost painting by Giambattista Tiepolo, discovered in a chateau attic, may sell for £1m at Christie’s sale in London next week [FinancialTimes]
City of San Francisco not accepting $1 billion gift to build space to show Gap Inc. founder Don Fisher’s 1,000 work strong collection due to aesthetics of architecture
[Bloomberg]
A review of Calvin Tomkins’s ‘Lives of the Artists’ which profiles headliners such as Hirst, Cindy Sherman, Schnabel, Serra, Koons, Currin and others
[NYObserver)

Gustave Klimt -  Portrait of Ria Munk III
Portrait Ria Munk III – by Gustav Klimt via Linz Presse

Lentos Museum in Austria may have to give a $10 million Gustav Klimt painting to heirs of Holocaust victim [Bloomberg]

steve-mcqueen
The artist Steve McQueen via GuardianUK

Turner prize winning video artist Steve McQueen interviewed, and more, on his new film, ‘Hunger’ [GuardianUK]

Don’t Miss: Sam Taylor-Wood, “Yes I No,” through November 29 at White Cube Gallery, Mason’s Yard, London

Saturday, November 22nd, 2008

sam-taylor-wood-sigh-capture-2
Still from ‘Sigh,’ an installation by Sam Taylor-Wood, on display at “Yes I No,” via White Cube Gallery

“Yes I No,” a show by Sam Taylor-Wood, is currently on display at White Cube Gallery, in Mason’s Yard, London. The show contains three sets of photographs, and a large-scale film installation. ‘Sigh,’ the installation, features the BBC Concert Orchestra playing a classical piece, without their instruments. The orchestra members, who are filmed in plain clothes and in multiple takes and at various angles, are miming the performance, highlighting the relationship between the viewer’s aural perception of the music and the visuals of the musicians’ and conductor’s performing the music.

Taylor-Wood, who rose to prominence in the 1990s along with Damien Hirst, Tracy Emin, and other members of the Young British Artists movement, is known for pieces exploring themes of absence and mortality.

YES I NO by Sam Taylor-Wood – through November 29th, 2008
White Cube
Mason’s Yard, London

Taylor-Wood’s Mimed Music, Serra’s Metal Maze: London Galleries [Bloomberg]
Visual art review: Sam Taylor-Wood, No 1 the Piazza, Covent Garden/White Cube, London [Guardian]
Q&A – Sam Taylor-Wood, artist [GuardianUK]
Sam Taylor-Wood, YBA artist turned filmaker (and wife of White Cube Gallery owner Jay Jopling), to direct John Lennon film
[AO Newslinks]
Exhibition Page: Yes I No

Press Release: Yes I No
Artist Page: Sam Taylor-Wood

(more…)

White Cube’s Jay Jopling and artist Sam Taylor-Wood to separate

Thursday, September 25th, 2008


Sam-Taylor Wood and Jay Jopling via Art Info.

“Young British Artist” couple Jay Jopling and Sam Taylor-Wood are separating after 11 years of marriage. The two have both been a constant force within the British contemporary art world.  Jopling’s White Cube gallery represents famed British artists Damien Hirst, Tracey Emin, and the Chapman brothers among an international roster that includes Chuck Close, Andreas Gurksy and Jeff Wall.  Taylor-Wood is a Turner Prize winning artist whose photo and video work has included celebrities Elton John, Jude Law and Benicio Del Toro among others. The artist furthered her fame in 2002 when she created a video portrait of David Beckham sleeping. The announcement follows Jopling in the news alongside Damien Hirst’s record breaking sotheby’s auction last week in which the artist cut Jopling and other dealers out of the selling process. The couple has stated that no other parties were involved in the split which they have described as “amicable.” Jay Jopling and Sam Taylor-Wood have two daughters together.

Jay Jopling and Sam Taylor-Wood separate after 11 years [The Times UK]
Jay Jopling and Sam Taylor-Wood split after 11 years of marriage [Telegraph]
Art’s golden couple Sam Taylor-Wood and Jay Jopling split after 11 years of marriage [Daily Mail]
Jay Jopling and Sam Taylor-Wood Separate After 11 Years [Art Info]

(more…)

Damien Hirst’s primary-market Sotheby’s auction sets records alongside historic financial market collapse

Wednesday, September 17th, 2008

Damien Hirst Golden Calf Sotheby\'s
Damien Hirst’s “The Golden Calf” / calf, 18 carat gold, glass, gold-plated steel, silicone and formaldehyde solution with Carrara marble plinth / Hammer Price with Buyer’s Premium: £10,345,250 via monstersandcritics

Sotheby’s quotes Damien Hirst as saying “I think the market is bigger than anyone knows. I love art, and this proves I’m not alone.” After much fanfare and controversy, and against the surreal backdrop of a severe financial market collapse led by Lehman Brothers buckling in the largest bankruptcy in US history, “Beautiful Inside My Head Forever” Damien Hirst’s direct-to-the-market auction by Sotheby’s London, was a conclusive success. Perhaps boosted in part by a recently lower British pound, the groundbreaking sale collected $127 million dollars (£70 million) on the first day, and an additional $72.9 million dollars (£40.9 million) on the second day for a grand total just shy of $200 million dollars, beating the previous record for the auction of a collection by a single artist formerly held by Picasso by roughly ten times, which fetched $20 million for an 88-work collection in 1993. Over three sessions, 218 of the 223 lots changed hands with some works sellng for well below their low estimates and others selling for multiples of high estimates.

Sotheby’s Website
Does Hirst auction point to a bull market in art?
[WallStreetJournal]
Hirst’s Two Day Auction Raises 115.5 million pounds
[Bloomberg]
Hirst auction beats 62 million pound estimate
[BBC]
Hirst Auction a Paradigm-Smashing Success [CultureGrrl]
AO News roundup: Damien Hirst’s ‘Beautiful Inside My Head Forever’ auction at Sotheby’s London is happening right now [ArtObserved]
Jopling responds, and Hirst’s Sotheby’s sale bandwagon rolls on amidst the buzz and controversy [ArtObserved]
A disclosure of White Cube’s unsold Damien Hirst inventory before the artist’s controversial September 15th direct sale by Sotheby’s [ArtObserved]

(more…)

Newslinks for Thursday September 4th, 2008

Thursday, September 4th, 2008

Sam Taylor-Wood
Sam Taylor-Wood via TelegraphUK

Sam Taylor-Wood, YBA artist turned filmaker (and wife of White Cube Gallery owner Jay Jopling), to direct John Lennon film [FirstPost]
Selling dealer weighs in on the Leonardo Da Vinci portrait authenticity debate [NYTimes]
More on the contemporary art market’s surge in China [Financial Times]
Louvre to lend 17th-century art to Japan [ArtInfo]
Charlene Weisler documents NY Street art [New York Sun]
A critique of Jeff Koons-in-Chicago as “overexposure” [WallStreetJournal]

Jopling responds, and Hirst’s Sotheby’s sale bandwagon rolls on amidst the buzz and controversy

Tuesday, September 2nd, 2008

damien-hirst-beautiful-inside-my-head-forever-anatomy-of-an-angel-carrara-marble
Damien Hirst, Auction: Beautiful Inside My Head Forever / “ANATOMY OF AN ANGEL” – Carrara marble

Last week Jay Jopling, Damien Hirst’s long time dealer in London out of the White Cube gallery, in an email statement, denied that the gallery has a “mountain” of unsold works before a Sotheby’s sale as reported by much of the media, including by Art Observed, over a week ago. Jopling did not directly dispute the number of works held it White Cube’s stock but said: “”The appetite for Damien’s art is such that we never have enough and I’m always keen to have as much work on consignment as possible.” The dialog relates to Damien Hirst’s controversial direct sale of 223 works through Sotheby’s of London on September 15–16.

Hirst’s Dealer Denies `Mountain’ of Unsold Works Before Auction [Bloomberg]
White Cube Says Number of Hirst Works in Stock Is Normal [ArtInfo]
Hirst in the Hamptons [NYSun] Aug 28
Hirst Alert! [ArtInfo] Aug 27
Galleries hit as Damien Hirst tees off [TimesOnlineUK]
D-day for Damien: Is Hirst about to turn the art market on its head or finally come a cropper? [The Independent]
A disclosure of White Cube’s unsold Damien Hirst inventory before the artist’s controversial September 15th direct sale by Sotheby’s
[ArtObserved]

(more…)

A disclosure of White Cube’s unsold Damien Hirst inventory before the artist’s controversial September 15th direct sale by Sotheby’s

Monday, August 25th, 2008

Damien Hirst - The Kingdom - 2008 - Tiger Shark
Damien Hirst – “The Kingdom” 2008 via The Wall Street Journal

The Art Newspaper has this weekend disclosed the extent of unsold inventory, over 200 works, that are held at Damien Hirst’s gallery in London, White Cube, run by Jay Jopling. The article illuminates a situation for the artist, one of the most successful in the world, but also one of the most prolific, in which his traditional market may be less able to absorb the works at the pace at which he is aiming to produce them. This evolving landscape has presumably led Hirst to explore, through the landmark and controversial upcoming September 15th Sotheby’s London sale, new sales portals and new pools of buyers. The Art Newspaper disclosure however, could perhaps have some ramifications for the Sotheby’s sale itself, as sophisticated buyers may take into account this newly exposed trove of similar work to that being auctioned, and simple supply and demand economics might as a result negatively affect pricing.

Revealed: the art Damien Hirst failed to sell [The Art Newspaper]
200 unsold Damien Hirst works looking for an owner at Sotheby’s [TimesOnlineUK]
Hirst’s Marketing End Run [Wall Street Journal]
Auction, Damien Hirst ‘New Inside My Head Forever’ [Sotheby's]
Several Lucrative Art Series To End, Says Damien Hirst [ArtObserved]
Update: Damien Hirst goes to Auction at Sotheby’s, September 15-16, 2008 [ArtObserved]
Hirst’s ‘Golden Calf’ could sell for $16-$24 million at Sotheby’s London [ArtObserved]

(more…)

Update: Damien Hirst goes to Auction at Sotheby’s, September 15-16, 2008

Tuesday, July 29th, 2008

Damien Hirst at the White Cube Gallery via Museum Lab

As previously covered by AO here Damien Hirst, is preparing for his Sotheby’s auction this September and has come out with a new formaldehyde suspended tiger shark, a cow with golden horns and hooves, a unicorn, in addition to spot paintings, and butterfly collages, among many other newly created works made specifically for the all-Hirst auction. The sale, entitled Beautiful in My Mind Forever, will be comprised of 223 lots, and is expected to raise somewhere between $100 million and $150 million over the two-day sale that takes place on September 15th and 16th. The Golden Calf alone is expected to sell at a high of $25 million. The sale is extremely notable as Hirst is circumventing his main dealers Larry Gagosian in New York and Jay Jopling of White Cube in London and going directly to auction. Though Jopling and Gagosian have ostensibly given their blessing, the auction reflects a potentially new paradigm in the the way art is sold.

Golden calf, bull’s heart, a new shark: Hirst’s latest works may fetch £65m [Guardian]
Damien Hirst brings £65m of his wares to market [Times Online]
Artist Hirst Jumps the Shark, Cuts Out [NYPost]
Hirst auction expected to raise £65m [Financial Times]
Hirst Still Playing Elaborate Joke On Hedge Fund Community [Dealbreaker]
Damien Hirst auction expected to fetch £65 million and Art sales: Bullish Hirst Rattles the Market [Telegraph]
Damien Hirst is Rewriting the Rules of the Market [The Art Newspaper]
Damien Hirst: Beautiful Inside My Head Forever [Sotheby's]
Hirst auction expected to fetch 65 million pounds [APF]
Hirst’s ‘Golden Calf’ could sell for $16-$24 million at Sotheby’s London [ArtObserved]

(more…)