After reporting yesterday that Leon Black‘s publishing house Phaidon Press was in talks to purchase online art gallery Artspace, Bloomberg has published an article confirming the deal. Although the price paid by Phaidon for Artspace remains unknown, the article reports that, when Auctionata was in talks to acquire the gallery, Artspace had been valued at just under $5 million. The article also points out that this merger will give Phaidon Press and, by extension, Leon Black access to Artspace’s extensive mailing list of 150,000 active art collectors, increasing “[Phaidon’s] access to global art collectors who are also consumers of its art and design books and multimedia products”.

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The closing of Christie’s online auction of works by Andy Warhol has seen the auction exceed expectations, pulling in a total of $2.3 million to benefit the Andy Warhol Foundation.  With an online attendance of over 65,000 visitors, bidding for a number of works was extremely competitive, as evidenced by the sale of Warhol’s lithograph of Marilyn Monroe’s lips for $112,500, over 40 times its estimated sale price.  Christie’s has already announced its next Warhol online auction in April, focusing on the artist’s time at Studio 54. (more…)