Global contemporary art events and news observed from New York City.
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AO Auction Results: Sotheby’s Masterpieces of Contemporary Art, July 1, London

Wednesday, July 2nd, 2008

Study for Head of George Dyer, Francis Bacon (1967) via NYTimes

Sotheby’s Contemporary Art Sale in London took place yesterday on July 1st and brought in an encouraging total of $188.8 million.  Francis Bacon’s painting of the profile of his lover and companion, George Dyer, was a highlight of the auction. This intimate portrait based on a photograph by John Deakin, was originally predicted to collect $15.5 million, but sold at a much higher $27.4 million to an anonymous collector. Although the sellers of the Bacon painting were kept anonymous, the New York Tims reported that experts speculate that it was sold by Ian and Mercedes Stouker, London Philanthropists.  Other impressive results of the sale achieved records for 11 different artists, and included the high profile sale of a Basquiat painting from seller U2, and an Andy Warhol from seller John McEnroe. The sold-out collection from the German industrialist, Walther Lauffs, which included work from Yves Klein, was another highlight of the show.

Sotheby’s July 2008 Contemporary Art Evening Sale Triumphs [Artdaily]
U2’s Jean-Michel Basquiat work on Sotheby’s block for $17.7M [Art Observed]
Bacon Stars, 10 Records Set at Sotheby’s; U2 Sell Art [Bloomberg]
Anish Kapoor sculpture attracts $3.87 mn at Sotheby’s sale [Economic Times]
Ten Works Set Records at Sotheby’s Contemporary Auctions [NYSun]
Sotheby’s contemporary art sale reaches £94.7 million [International Herald Tribune]
Contemporary Art Evening Auction Results [Sotheby's]
Bacon Is Again a Top Draw at Auction [NYTimes]

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AO Preview: Phillip’s London Contemporary Art Auctions, June 29-30

Friday, June 27th, 2008

Nine Multicolored Marilyns, Andy Warhol (1979-1986) via Phillips

Phillips de Pury & Company is holding it’s Contemporary Art Sale on June 29 and 30. The sale highlights works from Andy Warhol, Damien Hirst, Willem de Kooning, Jean-Michel Basquiat, Paul McCarthy, and many other distinguished contemporary artists.

Phillips Contemporary Art Sale [Phillips]

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Newslinks: Monday, June 23, 2008

Monday, June 23rd, 2008


Marlene Dumas fromThe New York Times

Marlene Dumas, most expensive living woman artist at auction (until recently exceeded by Bourgeois) coming to MOMA in December [NYTimes Mag]
How the proliferation of private museums affects the buyer/dealer system [The Independent]
A reduced-size Antony Gormley ‘Angel of the North’ a Bacon, a Basquiat, a Richter coming on the block at Sotheby’s [Artinfo]
Profile of Lauren Cornell, director of New Museum website: Rhizome [TimeoutNY]
Herzog & de Meuron to design new museum of modern art in Calcutta [The Arts Newspaper]
The art works Jeff Koons collects [NYTimes]
Update: New York Mag covers the Shafrazi show,[NYMag] covered by AO here [AO]
FT’s Jackie Wullschlager reviews Royal Academy Exhibition in London [Financial Times]

U2’s Jean-Michel Basquiat work on Sotheby’s block for $17.7M

Monday, June 16th, 2008

Untitled (Pecho/Oreja), Jean-Michel Basquiat, 1983 via artdaily

The band U2 is projected to receive up to 6 million pounds ($17.7 million) for the sale of a painting done by Jean-Michel Basquiat. The painting, Untitled (Pecho/Oreja), was acquired by U2 at the Robert Miller Gallery in New York in 1989, and has been hanging up in their Dublin studio for almost 20 years. The painting goes up for sale at Sotheby’s on July 1st.

U2’s Basquiat Painting May Fetch 6 Million Pounds at Sotheby’s [Bloomberg]
U2 selling Basquiat masterpiece [BBC]
Sotheby’s to Offer Untitled (Pecho/Oreja) by Jean-Michel Basquiat on Behalf of the Members of U2 [artdaily]

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AO News Summary: Basquiat’s $8 Million “Hannibal,” Found In Warehouse, may return to Brazil

Thursday, February 14th, 2008


“Hannibal,” Jean-Michel Basquiat
via artsjournal.com

In November the Art Fraud division of the FBI located Jean-Michel Basquiat’s smuggled painting “Hannibal” from a warehouse in Manhattan. Basquiat created the oil collage (acrylic, oil stick on paper) in 1982.

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