Global contemporary art events and news observed from New York City.
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Bernie Madoff associate Ezra Merkin forced by New York State to sell $300M art collection

Thursday, July 2nd, 2009

Ezra Merkin
Ezra Merkin, via Guardian UK.

After weeks of negotiation with the Attorney General’s office, J. Ezra Merkin has agreed to sell an art collection appraised by Christie’s at $310 million.  After taxes and other fees — the New York Times reports that Merkin was paying $60,000 a month on insurance, and owed $42 million to previous owners as well as $19.3 million on a loan used to purchase the artwork — profits from the sale amount to $191 million, to be frozen in escrow pending the outcome of the Attorney General’s suit against the suspected Bernie Madoff feeder.

Related links:
Statement from Attorney General Andrew Cuomo on the Sale of J. Ezra Merkin’s Collection

Merkin Reaches Accord with Cuomo on Art Sale [New York Times]
Madoff, Merkin, and the Murals
[Wall Street Journal: The Wealth Report]
Merkin Selling Art Frozen in Lawsuit for $310 Million
[Bloomberg]
Andrew Cuomo Unveils Deal to Sell Art Collection of Ezra Merkin, Bernie Madoff’s Associate [New York Post]

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Newslinks for Monday, April 13, 2009

Monday, April 13th, 2009
Kate Moss by Damien Hirst on the cover of Tar Art Magazine, Via New York Times

Kate Moss by Damien Hirst on the cover of Tar Art Magazine, Via New York Times

Kate Moss by Damien Hirst is the new cover of Tar Magazine (anagram for “art”) [NY Times]
Art funds launched in 2008, such as the London-based Art Trading Fund, are shelved due to failure to raise required funds
[ArtNewspaper]
Art:21, Art in Twenty-First Century is now available for free on Hulu [Hulu]

"G8" by Andrei Molodkin

"G8" by Andrei Molodkin via Financial Times

Russian Artist Andrea Molodkin, previously cited by AO here, prepares for Venice Biennale [Financial Times]
Jeff Koons is speaking at Strand Books tonight at 7:00-8:30 in New York
[Via FAD]
New York Old Masters dealer Lawrence Salander is indicted and pleads guilty in $88 million charge [Bloomberg]

maxxi

A look inside Rome’s MAXXI designed by Zaha Hadid via c-monster

A preview of the MAXXI in Rome, $108 million art museum designed by Zaha Hadid [c-monster]
Adam Lindemann, financier, collector and author of Collecting Contemporary launches a new book from Taschen: Collecting Design [ArtInfo]

flash-art-marlene-dumas-obama
Flash Art’s current cover featuring a portrait of Barack Obama by Marlene Dumas via Art Fag City

Marlene Dumas’s portrait of Barack Obama is the cover of Flash Art [Art Fag City]
Madonna’s art collection is estimated at £80 million pounds
[TimesUK]

art-movments

A selection from the site via The World’s Best Ever

A timeline of modern & contemporary art artists by movement, school, style, period, theme & art prize [The-artists.org via The World's Best Ever]
Richard Serra to receive honorary degree from Pratt Institute at its 120th Commencement on May 18th
[MediaBistro]

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Interview with photographer Nan Goldin on why she is auctioning some of the curiosities she has collected [TelegraphUK]
SFMOMA announces plans for a future expansion, doubling gallery space
[SF Chronicle]

sanaa-serpentine-pavilion
A preview of SANAA’s design for the 2009 Serpentine Pavillion via Architect’s Journal

SANAA, the Japanese architectual duo behind the New Museum, release first glimpse of design for the 2009 Serpentine Pavilion [Architect's Journal]
Jim Dine donates 40 drawings influenced by Greek and Roman sculpture to the Morgan Library
[Artinfo]

Picasso Portrait from the Collection of Julian Schnabel Highlights Christies Impressionist Sale

Picasso Portrait seen here at the home of Julian Schnabel highlights Christie's Impressionist Sale [via artinfo

Julian Schnabel’s Picasso Femme au Chapeau will soon be sold by Christie’s [New York Times]
The Mugrabis, a hi
gh impact, market-making collector family, may be addicted to the game of art [The Observer]

ASSEMBLYMAN LENTOL WARNS HIS COMMUNITY ABOUT ASIAN LONGHORNED BEETLE

US Fed News Service, Including US State News November 8, 2006 Assemblyman Joseph R. Lentol, D-Brooklyn (50th District), issued the following press release:

Assemblyman Joseph R. Lentol (D-North Brooklyn) alerted his community that the Asian Longhorned Beetle, a non-indigenous insect that preys on healthy trees, has returned to Brooklyn. Once a tree is infested it must be removed and destroyed to prevent the beetle from spreading to other trees.

“The Asian Longhorned Beetle is a threat to our community,” said Lentol. “We thought we eradicated it from the district seven years ago. Now we have evidence that it has returned.” A massive infestation in Greenpoint was literally rooted out in 1999 when over 1,000 trees had to be destroyed because of the Asian Longhorned Beetle. Last spring, the New York State Asian Longhorned Beetle Cooperative Eradication Program found 18 trees in Williamsburg infested with the bug. The majority were on Lynch St. Thirteen of the 18 trees were on Lynch St, the rest on nearby Lee Avenue and Heyward St. website asian longhorned beetle

“Just because we’re talking about a little bug doesn’t mean this isn’t a big concern for our district,” warned Lentol. “We’re lucky that this appears to be a small infestation, but the key to keeping the Asian Longhorned Beetle from destroying our trees is through awareness.” The Asian Longhorned Beetle is known to nest in all varieties of maple, as well as birch, horse chestnut, elm, willow, poplar, ash, hackberry, sycamore, London Plane and mimosa. Lentol encourages homeowners to look for exit holes on their trees, they will be about the size of a dime, and to grant environmental inspectors access to their property for the purpose of finding infested trees. go to website asian longhorned beetle

Lentol also encourages residents who spot the beetle to call 311 and ask for the Asian Longhorned Beetle Hotline. The United States Forest Service offers replanting of new trees to those who lose trees to the beetle. The insecticide imidacloprid is the only effective preventative measure against the beetle, though experts warn that it cannot help a tree once it is infested. ALB Eradication Program contractors use it during the spring to treat at-risk trees. Residents will be notified by the ALB Eradication Program when tree treatments take place in this area, and Assemblyman Lentol urges residents to work with program officials and provide them access to yard trees for these critical applications and for survey.

Go See: Mark Rothko and JMW Turner at the BP British Art Displays at the Tate Britain through July 26th 2009

Thursday, April 2nd, 2009

JMW Turner-Storm Clouds. Sunset with a Pink Sky-1833

Storm Clouds: Sunset with a Pink Sky (1833) by JMW Turner, via Tate Britain

Currently exhibited at the Tate Britain are works by Mark Rothko (1903-1970) and JMW Turner (1775-1851), two of the world’s most influential painters displayed side by side for the first time.  The paintings are part of BP British Art Displays which exhibit a unique array of works from the Tate Collection. Visitors have the opportunity to go between the mediative ambiance of six works of Rothko’s Seagram Murals to the display of Turner works from the 1966 MOMA exhibition which includes experimental watercolors such as A Pink Sky above Sea (c.1822) and Storm Clouds: Sunset with a Pink Sky (1833). Such dreamy, loose, and immersive works demonstrate the great affinity between the two painters.

Press Release
BP British Art Displays: Turner/ Rothko [Artdaily]
Rothko and Turner receive joint billing at Tate for first time [The Telegraph]
The works of two influential painters, JMW and Rothko, are being brought together in an exhibition to show the artists’ similarities [BBC]
Turner/ Rothko at Tate Britain [Timeout London]

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Newslinks for Thursday, March 12, 2009

Thursday, March 12th, 2009

rothko-seagram-murals
Installation view of Rothko’s ‘Seagram Murals’ via MSNBC

Tate Liverpool exhibits Rothko’s Seagram Murals after a 20-year absence [Artdaily]
Rochelle Steiner, under whose tenure Olafur Eliasson’s “New York City Waterfalls” was sponsored, leaves the Public Art Fund [NY Times] and in related, Sotheby’s CEO takes big paycuts in the wake of the market downturn [Bloomberg]

alex-james-blur
Alex James, bassist of Blur via The Mirror

Blur’s Alex James to judge Charles Saatchi’s art-star reality TV show [The Mirror]
Jonathan Jones on how consumerism spawned Warhol and Pop art and thus the shallowness of contemporary art [Guardian]
Vanity Fair’s imagined conversations overheard at a MoMA party [VanityFair]
A new show at Paris’s Musee d’Art Moderne acknowledges how Italian Surrealist Giorgio de Chirico sold backdated copies of his own work [Bloomberg]

patti-smith
Patti Smith via The Art Newspaper

Patti Smith, whose Polaroids are showing at Robert Miller gallery, on her early career as an artist and why she feels Jeff Koons’s work is “just litter upon the earth” [The Art Newspaper]

andy-warhol-bmw-art-car
Andy Warhol’s BMW Art Car via W Magazine

The BMW Art Car series by artists such as Frank Stella, Andy Warhol, Roy Lichtenstein and Robert Rauschenberg to appear at New York’s Grand Central Terminal starting March 24 [W Magazine]
Chinese art dealer who sabotaged Christie’s sale of bronzes during the Yves Saint Laurent sale weeps at his shattered credibility [Bloomberg]

steve-mcqueen
Steve McQueen modeling for T Magazine

A brief profile of Turner prize winning film artist Steve McQueen’s fashion aesthetic [The Moment]
The Las Vegas Sun does a post-mortem on the Las Vegas Art Museum, which closed last month
[Las Vegas sun via ArtsJournal]


Trailer for ‘Guest of Cindy Sherman’ via Entertainment Weekly

Soon to open in New York, an art world outsider chronicles his relationship with an art world insider in the film ‘Guest of Cindy Sherman’ [Entertainment Weekly]
Susan Moore looks at the recent emergence of a homegrown art scene in the United Arab Emirates [Financial Times]

peter-brant-stephanie-seymour
Collectors Stephanie Seymour and Peter Brant via Artnet

Art in America and Interview Magazine owner Peter Brant opens his private collection to the public, by appointment only, at the Brant Foundation Art Study Center [NY Times]
How the former CEO of the Royal Bank of Scotland was unable to secure an immense 16,000 piece art collection obtained during a takeover of ABN Amro as that bank’s CEO deftly transferred ownership to a foundation before the merger
[TimesUK]
Turner Prize winning sculptor Antony Gormley announces first public art installation for Scotland
[TheScotsman]

curators-new-museum
Laura Hoptman, Massimiliano Gioni and Lauren Cornell, curators at the New Museum of Contemporary Art via NY Times

A preview of the New Museum’s inaugural triennial, “The Generational: Younger Than Jesus” [NY Times]
Hans Ulrich Obrist’s book “The Conversation Series” includes interviews with artist such as Wolfgang Tillmans and Gilbert and George [ArtInfo]

pierogiboilerinprogress
A peek at Pierogi Gallery’s new annex, the Boiler via NY Times

Williamsburg’s Pierogi Gallery opens new annex, The Boiler [NY Times]
Chelsea galleries, including Andrea Rosen, Barbara Gladstone, Mary Boone and Matthew Marks, to show work at the Museo Nacional de Bellas Artes in Havana, Cuba [The Art Newspaper]

anish-kapoor-temenos
Anish Kapoor’s ‘Temenos’ via AnishKapoor

Construction begins on first of five of Anish Kapoor outdoor sculptures in the UK: the ‘world’s biggest art project’ [DesignWeek]

pope-bendict-xiv-pierre-subleyras
Portrait of Pope Benedict XIV by Pierre Subleyras via NY Mag

Old masters prove to be a bellwether in the market downturn [Financial Times] as such, The Metropolitan Museum acquires a Renaissance portrait of Pope Benedict XIV for nearly $1 million amidst financial woes [NY Mag] and this painting also is featured here in a separate video discussion on the resilience of old master paintings [Sotheby's]

AO Auction Results: Christie’s Post-War & Contemporary Art Evening Sale, London. Results were overall dissapointing, Bacon, Rothko go unsold

Friday, February 13th, 2009

jeff-koons-monkeys-ladder-2003
Monkeys (Ladder) (2003) by Jeff Koons. Sold for £1.38 million ($2 million) against estimates of £1.4 million to £2 million.

Following last week’s encouraging results, Christie’s post-war and contemporary auctions could only be described as lacklustre, while not entirely disheartening.

The auction realized a total of £8,392,750, or $12,085,560, with 79% of lots being sold. While still somewhat robust, it pales in comparison to last week’s figures which tended to be in the 90% range. 48% of the 29 lots were sold above their estimates, with one work of auctioned for over £1 million. European buyers put in a strong showing, comprising 66% of auction participants, with the remainder breaking down as follows: 4% UK, 27% Americas and 4% Asia.

Jeff Koons’ playful Monkeys (Ladder) was the highest priced lot, pulling in £1.38 million ($2 million) against estimates of  £1.4 million to  £2 million–just barely falling short of the lower estimate.  The oil on canvas piece forms a part of the artist’s Popeye series, and was offered for auction for the first time during the evening sale.

Two of the highest profile lots on auction failed to sell. A lot by Francis Bacon, Man in Blue IV, went unsold–considered by the auction house and several dealers who were present as “perhaps too academic.” The sitter is an unknown man who Bacon is thought to have had an affair with at the Imperial Hotel in Henley-upon-Thames, where the painter resided for some time.  His features are obscured and more attention is given to his clothing, posture and form. The  lot was expected to sell for between £4 million and £6 million, which would have made it the priciest lot on sale.

Mark Rothko’s lot also went unsold. Green, Blue, Green on Blue, from 1968, was expected to bring in between £2.5 million and £3.5 million, and would have been the second highest priced lot after Bacon’s.

Christie’s Sale Total Halves; $12.2 Million Rothko, Bacon Fail [Bloomberg]
Francis Bacon portrait fails to sell at auction [Telegraph UK]
Christie’s Auction of Post-War and Contemporary Art Realises $12.1 Million [ArtDaily]
The Golden Rain Dries Up at Christie’s [ArtInfo]

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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 Tuesday, November 11th, 2008

Tuesday, November 11th, 2008
The Economist is long on Serra: "slow-burning Mr Serra will be one of the artists whose work will continue to shine long after he is gone"

Richard Serra via Time

The Economist is long on Richard Serra: “slow-burning Mr Serra will be one of the artists whose work will continue to shine long after he is gone” [TheEconomist]
The defensive financial strategies art auction houses take during a market downturn
[The Art Newspaper] and in related, financing for fine art is correspondingly receding [Portfolio]
A look inside the highly specialized art storage business [Financial Times]
The Tate Modern may have accidentally hung 2 Rothko’s sideways [TimesUK]

The Pollock in question via terisfind.com

The Pollock in question via terisfind.com

Highly controversial supposed Jackson Pollock drip painting is for sale for $50 million in Toronto [CBC]
London’s Colony Room, favored bar of Lucian Freud and Damien Hirst, may close [TimesUK]
50 to 75 Modern and Contemporary German works of art including some by Rosemarie Trockel, Georg Baselitz and Candida Höfer donated to the Busch-Reisinger Museum at Harvard [Artdaily]
Yvonne Force Villareal, sets up an APFlab (“Art Production Fund”) on Wooster street in Soho, New York [NYTimes]

The Bacchae: The Library Theatre, Manchester and on tour

The Independent (London, England) February 21, 1996 | JEFFREY WAINWRIGHT Euripides’ The Bacchae is strong meat, literally. Its dominant image is of dismemberment, animal and then human flesh seized alive and devoured in the furthest reach of frenzy available to human kind.

Now The Library is a nice place, a cosy cup of a theatre, designed less for Bacchanalia than for Spring and Port Wine. Other venues on Kaboodle’s itinerary may suit Euripides better, but interesting as it is to contemplate the startlingly different contexts of ancient Greek and modern theatre, the production does not resolve this fundamental incongruity. For this, the less traditional the performance space the better.

But for all the rawness at its heart, The Bacchae is in no sense a “primitive” play. It is the story of the coming of the disreputable but potent Dionysus to Thebes, determined to prove his lineage as a son of Zeus and claim the honour due to a god. Though despised as a foreigner by the Theban king, Pentheus, Dionysus has captivated the women of Thebes, who, led by Pentheus’ own mother Agave, are now the Bacchae, living in liquid abandon beyond the city walls. Dionysus, himself ambiguously gendered, is lord and liberator of women, and the rapture he engenders transports them from their appointed place into ecstasy. The play’s main conflict is therefore between this liberation and the pursed rectitude of Pentheus.

It appears to be a clash of immutable elements, but Euripides’ psychological subtlety lies in the way Dionysus is able to evoke a prurient interest in the activities of the women in his enemy, and so seduce him from his fixed masculinity. Discovered in his spying, Pentheus is sundered by the Bacchae, his own mother claiming his head as a trophy. The second psychological switch is Agave’s rediscovery of her former mind as the frenzy abates and the contrary face of the Dionysian rapture becomes apparent. go to web site facial hair styles

Happily, the complexity that surrounds Pentheus is presented with nuanced care by Lee Beagley. Softly spoken, he has no crude, tyrannical bluster about him, and he is drawn into his fatal female garments in a gentle swirl of reluctance and surprised pleasure. Kaboodle’s other long-time actor, Paula Simms, takes two of the vitally important “messenger” roles, and her narration, especially the first account of the Bacchae at large, is clearly and characterfully done. This scene also provides the best visual moment, in which the company create a huge beast from a cow’s skull and a vast red curtain, then hunt it down.

Otherwise, Lee Beagley’s staging and Bruce Gallup’s design are disappointing by Kaboodle’s previous standards. The eclecticism of the costumes is unfocused, and a cumbersome piece of revolving stage machinery resembling a sawn- off caboose clutters the action. Eugene Salleh makes a puckish Taras Bulba of Dionysus, but his voice is not sufficiently commanding. Despite the ritual elements, these plays require a tremendous amount of simple, informative speaking, and, Beagley and Simms apart, this is woefully underpowered here. The result is that this great and disturbing play is not nearly disturbing enough.

n On tour to Marlborough, Birmingham, Kendal and Leicester this month, then throughout F} {DD} 21:02:96 {XX} Arts {PP} 8 {HH} Music: Music from the Yellow Shark, Frank Zappa / Ensemble Modern Royal Festival Hall, London {BB} Phil Johnson {TT} The late Frank was sadly unable to appear for this ultimate valediction of his role as a serious composer, but if he had, he would, you think, have taken comfort in the extent to which his facial hair-styles seemed to live on in many members of the audience. The yellow shark of the title lay pinned up behind the stage like a scruffy talisman and an air of expectation lay over the whole of the first, non-Zappa, half of the performance. web site facial hair styles

Opening with three studies by Conlon Nancarrow, the Ensemble demonstrated immediately their masterly grasp of difficult repertoire, the two pianos chattering away as if in binary code while the percussion sectionswapped roles in a see-saw of rhythmic accents, like chopsticks rattling on a plate. Study No 6 was achingly beautiful, the strains of a Mexican lullaby somehow emerging through the convulsive pitter-patter. Varese’s Deserts followed, accompanied by a film by the video artist Bill Viola of underwater point-of-view shots, barren landscapes and, eventually, an interior scene in which a man moved slowly across a room. Meanwhile, the music – part live orchestra, part taped industrial sounds – reached a series of crescendos, matched at the end by a magnificent coup de film, when the man and his furniture were dashed to smithereens. It was difficult, it was pretentious, but it was also very well done, and it matched the accumulating tension and ecstatic release of the music marvellously. So how would Frank live up to that?

Brilliantly, of course. First assembled for a performance at the 1992 Frankfurt Festival, which was partly conducted by the composer, the music is a compendium of Zappa themes that he got up to speed on his trusty synclavier and then printed out as music for the orchestra to learn, the title emerging only as an afterthought. Beginning with a cheesy Star Wars-ish introduction, the Ensemble’s programme mixed and matched movements from the original performance (available almost complete on the excellent Rykodisc album). Echoes of Boulez and Henze, at times rather too plinkety- plonk for comfort, were evident, but much of the music was quite superb, and the closing “G-Spot Tornado” was a tour de force of sustained action and invention. Only in “Bebop Tango,” was there any real Mothers of Invention monkey-business (when the orchestra talked among themselves, loudly) and the concert ended in total adulation. The encore, though, was a bit of a disappointment; hoping maybe for “Peaches En Regalia”, what we got was the Star Wars intro again. But the Zappa-philes went home happy, as they knew they would.

JEFFREY WAINWRIGHT

AO Auction Results: Christie’s “The Modern Age,” the Alice Lawrence and Hillman family collections sell for less than 50% of estimate as Rothko and Manet headliners are pulled

Saturday, November 8th, 2008
Rene Magritte's "L'Empire des lumiéres" (1947)

Rene Magritte's "L'Empire des lumiéres" (1947) via Christie's

On Wednesday November 5th, Christie’s conducted its sale of the estates of two separate widows (the Alice Lawrence and Hillman family collections) bearing similar works of mostly late 19th and early to mid-20th century pieces, in an auction thus titled “The Modern Age.” These auctions included works by headliners such as Pablo Picasso, Paul Cézanne, Mark Rothko, Fernand Léger, Edouard Manet, Henri de Toulouse-Lautrec, Amedeo Modigliani, Giorgio De Chirico and René Magritte. The event followed the latest Sotheby’s auction for Impressionist and Modern art on Monday (as covered by AO here) which disappointedly totaled $223.8 million against the $338 million low estimate. Additionally, the Modern Age sale corresponded to a particularly steep post-presidential race drop in the public equity markets in which the Dow plunged 486 points.

The auction results were no surprise considering the current tepid environment in the art market: The two collections listed 58 lots, of which 17 did not sell, for a total sale of $47 million, which was less than half of its $104 million low estimate. Christie’s said 51% of buyers were American and 29% European. Though Surrealist lots by Magritte (see image above) and De Chirico (see below) did well, of the lots that were brought in were the most expensive of the sale, notably, Manet’s “Fillette sur un banc/Girl on a Bench,” a 1880 portrait of a girl with a wide-brim hat estimated at $12-18 million (see image below), and Rothko’s “No. 43 (Mauve),” estimated at $20-30 million. Other works by Cézanne, Renoir, and de Kooning also failed to sell.

Bleak Night at Christie’s, in Both Sales and Prices [NY Times]
Art-Market Rout Persists: Rothko Snubbed at Auction [Bloomberg]
Buyers Cool to Private-Collection Art at Christies [Reuters]
Market Forces Bring Fire-Sale Prices for Christie’s “Modern Age” [Art Info]
The Modern Age: Property from the Hillman Family Collection [Art Daily]
Christie’s Wan and Woeful Night [CultureGrrl]
Christie’s Website

more auction results, quotes and images after the jump…

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The first major post-financial collapse art market event, The 2008 Frieze Art Fair, in London, is on right now.

Friday, October 17th, 2008


Cory Arcangel’s “Golden Ticket” to the 2008 Frieze Art Fair via Artnet

With over 150 galleries, The Frieze Art Fair, set in London’s Regent’s Park, began selling works by over 1,000 artists on October 15. Since its first year in 2003, the Frieze fair has grown to be regarded as the youngest and perhaps the most cosmopolitan and cutting edge of the global fairs, which include Art Basel, Art Basel Miami Beach and the Venice Biennial. The fair, which runs until the 19th of October, and the London auctions that will occur this evening and this coming weekend, mark the first major opportunity for transparency into the the status of the global art market since the widespread financial turmoil began. Following Damien Hirst’s groundbreaking, clearing house, £111.5 million, direct-to-market auction of his own work at Sotheby’s last month (as covered by ArtObserved here) the market has had some clouds brewing over it, with beginning indications of weakness manifesting in events such as Sotheby’s lackluster first evening sale of contemporary Asian art in Hong Kong earlier this month (as covered by ArtObserved here), which sold £7 million against expectations of £30 million to another auction that same weekend in which Sotheby’s sale of modern 20th-century Chinese art left over a third of the lots unsold. More recently, the Singapore Art Auctions were also a dissapointment.

London’s Frieze Prepares for a Chill [Wall Street Journal]
Crisis Imperils U.K. Art Fairs, $183 Million Sales, Dealers Say and Auction Houses Guarantee Top Lots; Dealers See Falling Demand and Paltrow, Saatchi, Zhukova Browse Frieze Art as Sales Go Slowly, Aguilera Parties, Damien Hirst Has a Head Case: London Art Buzz [Bloomberg]
Deep Frieze: UK’s hottest art fair braces itself for the chill of the banking crisis and Prank canvas [GuardianUK]
Frieze Art Fair: Super-rich to cast economic crisis aside and Andy Warhol’s Skulls up for auction [Telegraph]
All the fun of the fairs: the art world gathers for Frieze [Independent]
The Post-Materialist | Frieze Art Fair [TheMoment]
Diary: Frieze Frame [ArtForum]
Frieze Factor [Artnet]
Frieze: First night blur [ArtReview]
Frieze Art Fair 2008 [Frieze Art Fair]

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Go See: Rothko Retrospective at Tate Modern, London, opening today through February 19

Friday, September 26th, 2008


An untitled 1969 work by Mark Rothko via Telegraph The painting, created a year before the artist committed suicide, displays the dark color palette the artist primarily used during his last years of life a period that was said to be increasingly lonely and isolating for the artist.

Opening today at the Tate Modern is retrospective of abstract expressionist Mark Rothko. The Latvian-born American artist has not had an solo exhibition in the UK in over 20 years. The exhibit includes Tate’s permanent Rothko colletion that consists of nine paintings known as the Seagram murals. The paintings which are usually on display in what is known as the Rothko Room within the Tate have been moved to a larger space and joined by another six Seagram murals on loan from Kawamura Memorial Museum of Art in Japan and the National Gallery of Art in Washington. In 1958 the artist was commissioned by the Four Season’s restaurant in New York’s Seagram building to create the works, earning the paintings the name Seagram murals. However Rothko ultimately deemed a restaurant as an inappropriate place to display the works and did not hand them over. Instead the artist donated many of the works, including several to the Tate. The exhibition will also include the 1964 series Black-Form paintings, 1969 series Brown on Grey works on paper, as well as works from his last series before his death Black on Gray made in 1969-70.

Mark Rothko exhibition at Tate Modern, 26 September 2008 – 1 February 2009 [Tate Modern]
Bacon and Rothko in London
[New York Sun]
How Mark Rothko became an Anglophile
[Times Online UK]
Rothko’s Humor Shown by Son as Tate Fetes Artist’s Darkest Work
[Bloomberg]
In at the Deep End Rothko Video
[Guardian]
R
othko’s Gloom Is Compelling at London’s Tate: Martin Gayford [Bloomberg]
Rothko’s murals reunited at Tate [BBC News]
Rothko exhibition opens at Tate Modern [Telegraph]
First Major Exhibition Dedicated to the Late Works of Mark Rothko at Tate Modern [Art Daily]
Current Exhibition: Rothko [Art Info]
The trouble with Mark Rothko’s genius [Times Online]
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Newslinks for Thursday September 11, 2008

Thursday, September 11th, 2008

Jonathan Meese Berlin
German artist Jonathan Meese via TheMoment

Jonathan Meese, Daniel Richter, and Javier Peres as players in the Berlin art scene [NY Times- The Moment]
more Jonathan Meese, headlining Friday at the Journal Gallery, Brooklyn [The World's Best Ever]
Valuable, yet difficult to execute and display “extreme” art [ArtInfo]
Rothko, Bacon highlight a very British-painter-based fall exhibit lineup in London [Bloomberg]
On “democracy” as a trend in British contemporary art, and how pricing can suffer from it
[Guardian]
Deborah Harris is the new managing director of the Armory Show [ArtForum]
Director Sir Nicholas Serota sets 1 year deadline for funds for Transforming Tate Modern project [London SE1]
In more Tate news: 2007/8 acquisition year for the Tate Collection brought a record $111 million – 494 work harvest [Art Daily]

Don’t Miss The Opening: Arrival of Christie’s-owned gallery, Haunch of Venison, in New York, Friday September 12

Saturday, September 6th, 2008


Vawdavitch, Franz Kline (1955) via Artinfo

Next Friday, September 12, the new Haunch of Venison gallery in New York City will open its doors for the first time with an exhibit called “Abstract Expressionism – A World Elsewhere”. The exhibition will feature over 60 works from Franz Kline, Willem de Kooning, Lee Krasner, Barnett Newman, Jackson Pollock, Mark Rothko, Aaron Siskind, David Smith and Clyfford Still. The Christie’s owned gallery represents notable artists such as Bill Viola, Keith Tyson, and Wim Wenders and has additional locations in London and Zurich. When the gallery was purchased last year by François Pinault, the owner of Christie’s auction house, there was a substantial amount of controversy surrounding the transaction. The purchase of the gallery presented a new take on the relationship between auction houses and galleries, and how the line might blur between the primary and secondary markets of the art world.

Christie’s auction house buys London’s Haunch of Venison contemporary art gallery [IHT]
Haunch of Venison’s New York Moment [The Imagist]
American Perspective [Artinfo]
Auction Houses Vs. Dealers [NYSun]
Haunch of Venison – “Abstract Expressionism—A World Elsewhere” [Haunch of Venison]

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Go See: “Action/Abstraction: Pollock, de Kooning, and American Art, 1940–1976” at Jewish Museum in New York City through September 21, 2008

Thursday, September 4th, 2008


Convergence, Jackson Pollock (1952) via NYTimes

Up now at the Jewish Museum in New York City is “Action/Abstraction: Pollock, de Kooning, and American Art, 1940-1976”. The exhibition includes over 50 key works by 32 artists involved in the Abstract Expressionist movement, including Jackson Pollock, Willem de Kooning, Helen Frankenthaler, and Mark Rothko. A unique aspect of the show is how the work is shown through the perspectives of the two leading art critics of the time, Clement Greenberg and Harold Rosenberg. The Abstract Expressionist artwork that fills the walls of the museum until September 21st is accompanied by texts and opinions, photographs, and film clips of the two prominent critics.

Action Figures: The fifties in paintings and words [The New Yorker]
Action/Abstraction: Pollock, de Kooning, and American Art, 1940-1976 [The Jewish Museum]
“Action/Abstraction: Pollock, de Kooning, and American Art, 1940–1976” [Timeout]
How famed critics Greenberg, Rosenberg impacted markets of De Kooning and Pollack [AO Newslinks 5.15.08]

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AO Auction Results: Christie’s Post-War & Contemporary Art, London, June 30

Thursday, July 3rd, 2008

Naked Portrait with Reflection, Lucian Freud (1980) via Artinfo

Christie’s held its Postwar and Contemporary Evening sale on Monday, June 30th, setting new records and selling 83% of the lots. The four largest sales came from Jeff Koons, Francis Bacon, Lucian Freud, and Andy Warhol. Other artists who were featured in the finely curated sale were Mark Rothko, Gerhard Richter, and Gilbert and George just to name a few. Out of the 48 lots that sold, 30 of them made over $1 million, and the total sale raised $172 million. This is Christie’s best result for a post-war and contemporary art sale in Europe.
Bacon Self-Portraits Fetch $34.5 Million at London Art Auction [Bloomberg]
Koons sculpture highlights record-breaking art sale [APF]
Koons record as London art sales draw to close [Reuters]
Christie’s London Bests Own Contemporary Record [Artinfo]
Record price for Koons sculpture [BBC]
Christie’s Post War and Contemporary Art Sale [Christie's]
Bacon Triptych Sells for $34.4 Million in London [NYTimes]
Dead Artists Breathe Life Into Auctions [Wall Street Journal]
Koons’s ‘Balloon Flower’ sits in St. James Square before sale at Christie’s June 30th [Art Observed]

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In separate events, Qatar’s ruling family buys $72.8M Rothko, $52.7M Bacon, $19M Hirst

Wednesday, May 14th, 2008

Image via Bloomberg

On May 4th, The Art Newspaper revealed the buyers of five of last year’s highest priced artworks at auction. The Al-Thani ruling family of Qatar was one of the previously anonymous buyers of three of these through Sotheby’s in May and June of 2007.

Revealed: $72.8m Rockefeller Rothko has gone to Qatar [The Art Newspaper]
Qatari Ruling Family Revealed as $72.8 Million Rothko Buyers [ArtInfo]
Qatar rulers pay £26m for Bacon [Times Online]
Revealed: Record-Breaking Rothko In Qatar [Art Forum] (more…)

NEWSLINKS 04.21.08

Wednesday, April 23rd, 2008


Banksy’s graffiti in London via Supertouch

Banksy’s possibly largest most brazen, work to date [Supertouch]
Update: Murakami’s superflat: “epidemic wanderlust produced by psycho-socio-sexual binarism”[NYObserver]
Update: Rothko kin successfully transfer his remains [NY Times]
“The New York canon” from Acconi to Warhol [New York mag]
Painter Ross Bleckner to write a memoir [Daily news]
Whitney Biennial annex at Henri Bendel window [Artnet]
Centre Pompidou cancels Calder exhibition due to lack of funds [Art NewsPaper]

NEWSLINKS 04.14.08

Monday, April 14th, 2008


Victoria Beckham by Juergen Teller via New York Times

Juergen Teller’s casual, quirky, highbrow photographs  [NYTimes]
Rothko’s kin petition to transfer his remains [NYTimes]
Book Review: Renzo Piano’s monopoly; “Piano effect” [archidose via C-Monster]
Matthew Barney honored by the National Arts Club [ NY Sun]
Indian contemporary art at Wolverhampton, UK [Financial Times]
Interview with Glenn Lowry, MOMA’s director [Timeout New York]

20 sick at Thanksgiving party with indoor charcoal grill

SouthtownStar (Chicago, IL) November 27, 2011 Seven people were hospitalized with carbon monoxide poisoning after someone used a charcoal grill inside a Chicago home for Thanksgiving. this web site charcoal grill

Reports that ambulances were called to a home on Chicago?ˆ™s North Side before 11 p.m. Thursday. charcoalgrillnow.com charcoal grill

Twenty people reported symptoms of carbon monoxide poisoning.

Seven people were taken to area hospitals. The others were treated at the home.

The Centers for Disease Control and Prevention warns that charcoal should never be burned inside because it gives off carbon monoxide.

AP

Go See: Rothko Retrospective, Munich, February 8 – April 27

Wednesday, March 12th, 2008


Mark Rothko via Kunsthalle München

Mark Rothko, the influential American painter known for his large abstract paintings consisting of blocks of color, currently has a retrospective at the Kunsthalle in Munich. The exhibition at offers an extensive look at the entire oeuvre of the Russian-born artist, with over 100 paintings and drawings on view.

Exhibition Information[Kunsthalle]
Mark Rothko biography [National Gallery]

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Rothko’s No. 15 may Sell for $40 Million

Friday, January 11th, 2008


Rothko’s No. 15 via Bloomberg

Christie’s International has announced that they will be offering three of Mark Rothko’s paintings on May 13th. It is rumored that Rothko’s No. 15 could go for as much as $40 Million.

Antiques, Collectibles and Auction News [Bloomberg]

Top Shows around Europe

Tuesday, January 8th, 2008


Rothko courtesy of Deutsche Welle

Deutsche Welle, a site monitoring the German cultural scene, gives a quality run down of upcoming art shows across Europe. The article is highlighted by The Queen Sofia Museum in Madrid featuring over 400 Picassos, the Kunsthalle in Hamburg featuring a Rothko retrospective and Kandinsky in Munich’s Lenbachhaus.
Deutsche Welle

Warhol’s “Car Crash” rakes in green

Saturday, May 12th, 2007

Warhol Green Car CrashOn a cloudy day in May, in a drab gray room in Rockefeller Center, three hours ticked by at a normal pace. Within these 3 three hours, nearly $400 million worth of postwar and contemporary art was sold at the Christie’s auction house Wednesday evening. Only one day before, the post-war and contemporary art auctions at Sotheby’s closed at a grand total of $255 million, enabling the two-day total sales in Manhattan alone to surpass a cool half-billion dollars with ease. The undoubted financial star of Christie’s evening was Andy Warhol‘s silkscreen painting “Green Car Crash (Green Burning Car I).” Inspired by a 1963 Newsweek photo depicting a car crash that impaled one driver on a telephone pole, the painting ignited a heated bidding war between two parties, urging bids to as high as $64 million. (more…)