Jeff Koons, the artist; All photos by Caroline Claisse for Art Observed

Adjoint to the week-long Art Basel fete, Swiss museum Fondation Beyeler partnered with American artist Jeff Koons to assemble and showcase key series from his repertoire under one roof, namely, The New, Banality, and Celebration.

The Water Tank Project to collaborate with a team of artists including Jeff Koons, Ed Ruscha, and Jay-Z in designing 100 New York City water tanks for next Spring.

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‬High-profile artists such as Jeff Koons invited to teach for a day at NYC public schools as part of Visual Arts Appreciation Week, started by the nonprofit Studio in a School.

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‪‬KAWS tapped to create balloon for the Macy’s Thanksgiving Day Parade, planning a 40 ft long version of his Companion character, and joining the ranks of Tom Otterness, Jeff Koons, Takashi Murakami, and Tim Burton, who have also participated in the ‘Blue Sky Gallery’ series

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‪‬New Oslo museum Astrup Fearnley Museum of Modern Art damaged by fire today, staff and artwork by artists including Warhol, Hirst, Prince, Sherman, and Koons remain safe. Scheduled to open in September this year, the extent and cause of fire is unclear at this point

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‪‬Jeff Koons retrospective spanning 35 years of work to travel from the Museum of Contemporary Art in Los Angeles, Whitney Museum in New York, and the Pompidou Center in Paris throughout 2014

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‪‬Top collector Eli Broad publishes new book, “The Art of Being Unreasonable: Lessons in Unconventional Thinking,” a 165-page text on business and art

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‪‬Jeff Koons and Lisa Perry collaborate with apparel and accessories featuring designs from Koons’ entire oeuvre, T-shirts starting at $150 with a portion going to the Koons Family Institute

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‪‬Christie’s to auction Jeff Koons’ ‘Baroque Egg with Bow (Blue/Turqoise)’ at Post-War & Contemporary Art Evening Auction in London on June 27, the 2-meter tall sculpture, one of five in multi-colored ‘Celebration’ series, expected to go for £2.5–3.5 million [AO Newslink]

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‪‬Jeff Koons in talks with Robert Hammond and Joshua David of Friends of the Highline regarding possible ‘Train’ sculpture installation above the Highline park in New York, to feature a “full-size replica of a 1943 Baldwin 2900 steam locomotive” suspended via crane, the project estimated at at least $25 million by The Los Angeles County Museum of Art which is also interested in the work [AO Newslink]

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‪Damien Hirst will open his own gallery on Newport Street in South London to showcase his collection of 2,000 works, which includes his own paintings, work by street artist Banksy, and Jeff Koons. The gallery plans to open in 2014, following his retrospective at the Tate Modern in London this coming April. [AO Newslink]

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‪‬Ukrainian businessman Victor Pinchuk’s Future Generation Art Prize second biennial open to applications through May 6, 2012, with a prize of $100,000 and mentorship by artists Damien Hirst, Jeff Koons, Andreas Gursky, and Takashi Murakami [AO Newslink]

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Paul McCarthy, Cultural Gothic (1992). All photos on site for Art Observed by Caroline Claisse.

Art Observed was on site for the private Tuesday evening preview of the Rubell Family Collection/Contemporary Arts Foundation show American Exuberance. Throughout 28 gallery spaces in a 45,000 sq ft museum, 190 works by 64 artists explore the American condition today through art, dissecting the paradoxical arenas of culture, economics, and politics. A 244-page catalog includes written commentaries by 13 of the artists from the notable roster, as follows: Thomas Houseago, Richard Jackson, Rashid Johnson, Nate Lowman, Richard Prince, Sterling Ruby, Haim Steinbach, Ryan Trecartin, and to name a few. About a quarter of the works were made in 2011 specifically for the show.  Also, Art Observed returned the next morning on Wednesday for Jennifer Rubell’s 11th annual breakfast, which is presented every morning throughout the week, treats visitors to a small jar of fresh yogurt, to be ‘anointed’ with honey dripping from the ceiling.

Collecting dripping honey at Jennifer Rubell’s Incubation yogurt and honey breakfast.

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Crowds outside the Grand Palais on the public opening of FIAC, October 21, 2011. All photographs for Art Observed on site by Caroline Claisse.

After two days of previews, FIAC opened its doors to the Paris public on Friday, October 21st. Jill Silverman, Director of Paris/Salzburg-based gallery Thaddaeus Ropac, tells Art Observed that the fair presents “a very good cross section of European collectors.” FIAC is one of the most nationally-focused art fairs, boasting a solid 32% of French exhibitors, whereas last week’s Frieze in London had only 25% British galleries. American presence increased this year with several New York galleries making their debut at the fair: Matthew Marks, Eleven Rivington, Andrew Kreps, Michele Maccarone and Friedrich Petzel. After a 30+year absence, Pace Gallery made a comeback to the fair. Works by seasoned veteran Damien Hirst are exhibited at both White Cube and Gagosian. Anish Kapoor also has work spread across the fair, whose gargantuan installation Leviathan filled the entire interior of the Grand Palais earlier this year. Lisson is showing one of his signature colored concave mirrors in fire-engine red; Kamel Mennour has wine-red, Galeria Continua has green, and Kukje/Tina Kim has purple; all have different price tags. Sales have been strong thusfar; Pace Gallery’s Arne Glimcher told Artinfo, “We had sales right off the bat, it was really fascinating. I hadn’t anticipated this kind of rush, especially in this economy, where Europe is not in as good of shape as America. But I think we have the right artists.” He added, “FIAC is certainly an enormous cut above Frieze.”

Michelangelo Pistoletto, Two Less One (2011) at Galleria Continua

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Sotheby’s Take Home a Nude annual auction. All photos on site for Art Observed by Nicholas Wirth.

Monday night on the seventh floor of Sotheby’s, art enthusiasts took in a variety of works—many of them nudes or variations thereof—at the 20th annual Take Home a Nude benefit by the New York Academy of Art. A 6 o’clock cocktail hour loosened up bidders for the concurrent silent auction, closing at 8:30 with a live auction, followed by dinner downstairs at 9:00. The night honored artist Jenny Saville and critic John Richardson, with artists Jeff Koons (in attendance further down town at the National Arts Awards) and Nan Goldin up for bid at the live auction, while artist Dustin Yellin—whose work caught the eye of Mary-Kate Olsen—fetched the highest bid at the silent auction at $9,500. However, Alyssa Monk’s Soft went to live auction after fierce bidding during the silent auction, fetching a final $12,000, and the evening’s overall highest piece was Joseph Kosuth‘s ‘Texts (Waiting for-) for Nothing’, Samuel Beckett, in play, 2011 at $37,500.

Work by Dustin Yellin

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‪The Guardian interviews Jeff Koons regarding custody of his son and other topics “Family life is the most important thing to me” [AO Newslink]

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Lucian Freud, Boy’s Head, 1952 (est. $4.6-6.2 million), via Sothebys.com

Christie’s, Sotheby’s, and Phillips de Pury are hosting Contemporary art sales this week in conjunction with the Frieze Art Fair, which officially begins on Thursday in London. Capitalizing on the flood of art afficionados in town for the fair,  the auction houses are hoping to move about $88 million worth of art during their evening sales. Dealers and buyers have been reassured of the art market’s strength following huge boom-like sums achieved during the past few auction cycles, but this round of sales comes at a moment of increased anxiety about the global economy. These sales may set the tone of the major auctions next month in New York, when Christie’s, Sotheby’s, and Phillips will offer several hundred million dollars worth of Impressionist, Modern, and Contemporary art.

Jeff Koons, Seal Walrus Trashcans, 2003-09 (est. $3.1-4.6 million), via Phillipsdepury.com

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Dasha Zhukova launches Garage magazine with fashion/art collaborations from Jeff Koons, Damien Hirst, John Baldessari, Raymond Pettibon, Jake & Dinos Chapman, Paul McCarthy and Richard Prince [AO Newslink]

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All photos by Caroline Claisse for Art Observed.

“In Praise of Doubt” is the second half of two exhibitions currently staged by the Francois Pinault Foundation. It housed in the Punta della Dogana just a stone’s throw from Palazzo Grassi, where part one, “The World Belongs to You” can be found. The two exhibitions share a curator, Caroline Bourgeois, and both run in parallel with the Venice Biennale 2011.

The exhibition presents both historical pieces and new works, several of which are site-specific projects. The theme, as hinted by its title, is uncertainty, the questioning of identity, and revisiting intimate space in relation to the space of the artwork. The artists included are art world regulars Adel Abdesemed, Marcel Broodthaers, Maurizio Cattelan, Subodh Gupta, David Hammons, Roni Horn, Thomas Houseago, Donald Judd, Edward Keinholz, Jeff Koons, Paul McCarthy, Julie Mehretu, Bruce Nauman, Sigmar Polke, Thomas Schutte, Sturtevant, Tatiana Trouve, and Chen Zhen. Out of these twenty, a surprising half have never been exhibited before in an exhibition by the Francois Pinault Foundation.

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All photos by Caroline Claisse.

Currently on view at the Punta della Dogana, housed in the magnificent Palazzo Grassi, is “The World Belongs to You.” Curated by Caroline Bourgeois, the exhibition brings together artists from different generations, geographical locations, and practices to explore history and current realities.

The Punta della Dogana became the official exhibition space of Francois Pinault‘s private collection in 2006, when he purchased the building from the city of Venice. It now houses works from internationally renowned contemporary artists such as Jeff Koons, Urs Fischer, Maurizio Cattelan, and Takashi Murakami.

Urs Fischer’s violet piano at Punta della Dogana.

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Felix Gonzales-Torres, Untitled (Aparición), 1991 (est. $600,000-800,000, realized $1.65 million). All images via Sothebys.com.

Tuesday evening’s auction of Contemporary Art at Sotheby’s New York brought in $128 million for forty-nine of fifty-eight lots sold. The sale’s estimate of $120.8-171.4 million included two lots that were withdrawn from the sale. Inclusive of the buyer’s premium, the night’s earnings barely passed the low presale estimate (prices realized include the buyer’s premium, estimates do not), and the results stood in stark contrast to Monday night’s sale at Sotheby’s of works from the collection of Allan Stone, which realized $54.8 million against a high estimate of $46.8 million. At the press conference auctioneer Tobias Meyer explained that estimates were “possibly aggressive” and that Sotheby’s had worked with sellers in reevaluating their expectations in response to the market, which in some cases meant lowering the reserve price. The sale’s top two lots – Sixteen Jackies by Andy Warhol and Jeff Koons‘ Pink Panther – both fetched respectable prices despite the fact that they fell short of presale estimates.

Andy Warhol, Sixteen Jackies, 1964 (est. $20-30 million, realized $20.2 million)

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Jeff Koons, Pink Panther, 1988 (est. $20-30 million), via Sothebys.com

This week Sotheby’s, Christie’s, and Phillips de Pury will hold Contemporary art auctions in New York. After an anemic week of Impressionist and Modern art sales, the auction houses hope to broker nearly half a billion dollars of Contemporary art. On Monday Sotheby’s will offer forty-three lots during two parts of a three part sale of the collection of Allan Stone (consisting mostly of works by Wayne Thiebaud and Willem de Kooning), followed by their fifty-nine lot Contemporary art evening sale on Tuesday. The next night Christie’s will offer sixty-six works expected to fetch at least $230 million. The week ends with Phillips de Pury’s fifty-one lot sale that carries an estimate of $85-120 million.

Andy Warhol, Sixteen Jackies, 1964 (est. $20-30 million), via Sothebys.com

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Subodh Gupta, Untitled, 2011, oil on canvas. All images courtesy Hauser & Wirth.

Opening tonight at Hauser & Wirth New York is an ascetic new exhibition by Indian artist Subodh Gupta. The artist, who is often referred to as “The Damien Hirst of Delhi,” earned his nickname from a dazzling sculpture of a skull entitled Very Hungry God (2006). He is the leader of a group of Indian artists whom mega-curator Hans Ulrich Obrist frequently heralds as art world game-changers, and his works regularly fetch auction prices over 1 million USD.

In contrast to this glitzy reputation, “A glass of water” is shockingly subdued. The exhibition takes its name from a work in which a metal drinking cup rests atop a table, filled to the brim with fresh water. Its origin and constant replenishment remain a mystery. The tension created– that the cup may overflow at any moment, from a visitor’s step or breath– “serves up a rich metaphor for the almost unbearable tension between luxury and depletion, accumulation and deprivation, acquisition and exhaustion that are the daily diet of exploding international culture,” explains the exhibition statement.

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Urs Fischer, Untitled (Lamp/Bear), 2005/2006, via Wall Street Journal

Untitled (Lamp/Bear), a 23-foot, 16-ton sculpture of bright yellow teddy bear slumped beneath a Bakelite lamp, will be on display at the Seagram Building (375 Park Avenue, at 53rd St) through September 2011. The piece, by Swiss sculptor Urs Fischer, is a highlight of Christie’s Post-War and Contemporary Art auction, and began its life as a 1-foot teddy bear, which was then scanned three-dimensionally with lasers in Switzerland and cast in bronze in Shanghai. Christie’s will be auctioning the installation on May 11th.

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