Newslinks for Saturday November 8, 2008

Saturday, November 8th, 2008

Anish Kapoor - Cloud Gate via heartland.vanabbe.nl

A London studio visit interview with Anish Kapoor [GuardianUK]
Richard Prince, who opened at Gagosian Chelsea tonight, interviewed on VBS.TV [VBSTV]
Three public art projects from Jeff Koons, Daniel Arsham, and John Henry will be at Art Basel Miami Beach [Artdaily]
All about Maia Norman, Damien Hirst’s companion [TimesUK]
How the current times can offer art bargains [Bloomberg]
The Asian Contemporary Art Fair, on in New York from Thursday to this Monday the 10th at Pier 92, 52nd Street & 12th Avenue [Official Site]
Two portraits authenticated as Van Goghs from 1886 Paris [cbcnews]
Former MET Director Philippe de Montebello and Paula Zahn to host 13’s SundayArts [ArtDaily]
Murakami ‘Wraps’ Louis Vuitton corner on 5th and 57th in Manhattan [WWD via Kempt]

Newslinks for Thursday, November 6th, 2008

Thursday, November 6th, 2008


Richard Prince ‘Nurse Hat Chair’ via Wallpaper

Richard Prince, in collaboration with Richard Prince, curates a furniture exhibit in Paris with his ‘Nurse Hat Chair’ [Wallpaper]
A reputed Jackson Pollock painting of questionable authenticity, purchased for $5 in 1992, goes on sale in Toronto for $50 million US [ArtInfo] Oct. 31
Terence Koh, artist on a bike, interviewed [Dejour Magazine]
A guide to London gallerist Steve Lazarides, now showing on the Bowery, and the Outsiders art movement [IndependentUK]
‘Pulse Park’ is a public art light installation in Madison Park, Manhattan that senses heart rates [NYMag]
Turner Prize winning video artist Steve McQueen interviewed [Scotland on Sunday]
The state of Sotheby’s art lending business [NYMag]

AO Roundup: 2008 Frieze Art Fair, Sotheby’s, Christie’s and Phillips London Auctions; Art Market Inflection Point Reached

Wednesday, October 22nd, 2008


Duane Hanson’s “Flea Market Lady” staffs Emmanuel Perrotin’s booth at Frieze via New York Magazine

In the midst of perhaps the most spectacular global financial and credit market cave-ins ever experienced, The Frieze Art Fair in London, one of the three largest contemporary art fairs, felt a slowdown in some attendance indicators, sales volume and pricing; a harbinger of similar buyer sentiment reflected in anemic sales totals from all of the three major contemporary art auctions that followed in London over the weekend from Sotheby’s, Phillips and Christie’s respectively. In light of the true magnitude of the global wealth disrupted in recent weeks, overall, the output of the Frieze art fair and the concurrent contemporary art auctions likely could have been worse. The following is a roundup of the news and images looking back from the close of the Frieze fair as well as detailed summaries of each auction.


Takashi Murakami’s “Tongari-Kun” 2004. Though it was headliner of the Phillips Auction on Saturday, it failed to sell. Image via Phillips

Newslinks, images and more on the Frieze Art Fair and on the Sotheby’s, Christie’s and Phillips auctions after the jump…

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AO AUCTION PREVIEW: Freud, Warhol, de Kooning, Koons, Murakami at Christie’s Post-War & Contemporary Art Evening Sale, Oct. 19th, Christie’s, London

Wednesday, October 1st, 2008


Desmond by Jean Michel Basquiat, up for auction at Christie’s Post-War and Contemporary Art Auction, via Christie’s

In addition to selling a rare portrait by Francis Bacon, Christie’s October 19 auction catalogue features a long list of post-war luminaries. Several portraits of Mao and Marilyn Monroe by Andy Warhol figure prominently among the auction’s offerings. A sculpture by Jeff Koons, as well as pieces by Jean Michel Basquiat, Gerhard Richter, Richard Prince, Anish Kapoor, Willem de Kooning, Lucian Freud and a plethora of other artists account for the rest of the lots. The priciest of 48 lots is expected to be Lucio Fontana’s canvas, Concetto spaziale, la fine di Dio, which should fetch around £12 million pounds ($21.8 million).

Christie’s: Post-War and Contemporary Art Evening Sale
Christie’s: Press Release for Post-War and Contemporary Art Evening Sale

Fontana work may fetch $21.8 million in Record Christie’s Sale
[Bloomberg]
Bacon Portrait Expected to Sell for £7.5 million at Christie’s Auction in October [ArtObserved]

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Go See: Matthew Marks Gallery, Painting: Now and Forever, Part II, in New York through August 15

Thursday, July 31st, 2008

Installation View via Matthew Marks Gallery

Painting: Now and Forever, Part II remains on view through August 15 as a joint exhibition at Matthew Marks Gallery, 522 West 22nd Street and Greene Naftali Gallery, 508 West 26th Street. The show is a reprisal of one held ten years ago, but from a different angle. The artists in the current show are Kai Althoff, Cosima von Bonin, Merlin Carpenter, Mathew Cerletty, Wojciech Fangor, Katharina Fritsch, Gelitin, Isa Genzken, Poul Gernes, Daan van Golden, Jack Goldstein, Rodney Graham, Wade Guyton, Richard Hawkins, Mary Heilmann, Sophie von Hellermann, Charline von Heyl, Ull Hohn, Sergej Jensen, Mike Kelley, Ellsworth Kelly, Karen Kilimnik, Martin Kippenberger, Michael Krebber, William Leavitt, Michel Majerus, Bjarne Melgaard, Laura Owens, Blinky Palermo, Stephen Prina, R.H. Quaytman, Ugo Rondinone, Paul Sharits, Josh Smith, Reena Spaulings, Lily van der Stokker, Atsuko Tanaka, Paul Thek, Anne Truitt, Kelley Walker, Christopher Wool, and Katharina Wulff.

Painting: Now and Forever, Part II
[Artcal]
Painting Now and Forever, Part II at Green Naftali [Flavorpill]
Painting: Now and Forever, Part II at Green Naftali and Matthew Marks [Design Boom]
Painting: Now and Forever, Part II, in collaboration with Green Naftali Gallery [Matthew Marks]
Painting: Now and Forever, Part II [Village Voice]

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Newslinks for Friday, July 25, 2008

Friday, July 25th, 2008

Guernica, Pablo Picasso (1937) via BBC

Picasso’s famous Guernica in ‘stable but serious’ condition and deemed ‘too fragile to move,’ more here [Daily Telegraph] [The Guardian]
Bravo picked up Sarah Jessica Parker’s art reality show, covered in March by AO here [Gawker]
The Sun on Twombly’s first retrospective in 15 years, showing at the Tate Modern [NYSun]
Review of Richard Prince at Serpentine: ‘the coolest artist alive’ [Telegraph]
The Economist begins a summer series on collectors, starting with a historical view [The Economist]
Russian billionaire Roman Abramovich finances Russia’s first retrospective by postwar artists in a
150 work show at his girlfriend ‘Dasha’ Zhukova’s galllery [Bloomberg]

Newslinks: Saturday July 12, 2008

Saturday, July 12th, 2008


Snow Scene at Argenteuil 1875 by Claude Monet (1840-1926) via Guardian

On view at Tate Britain: 18 masterpieces recently bequeathed to British National Gallery, including works by Degas, Freud, Monet, worth roughly $200,000,000 [GuardianUK]
The art/fashion, Vuitton/Richard Prince link in London [Bloomberg]
Mutualart.com’s Top Art Exhibitions for 2008 [Businessweek]
French art thief pleads guilty in botched $4.7M masterworks sale, indictment covered by AO here [NYSun] [AO]
2009 Turner Prize judges announced [TheArtNewspaper]
MOMA buys 3 Jasper Johns works for undisclosed sum (note: 2 years ago a Johns sold for $80M) [NYTimes]

 

 

 

 

Newslinks: Thursday, July 10, 2008

Thursday, July 10th, 2008

Sculpture from “Art for the Masses”, Yue Minjun via Supertouchart

KAWS does a Yue Minjun figurine [Supertouchart]
–>
Are commodity-rich buyers propping up the market for trophy art? [CNN]
–>
Damien Hirst’s rumored collaboration with ultra-pricey cell phone brand Vertu
[FashionWeekDaily]
–>
Applications for an MA degree in art business see a strong increase [Financial Times]
–>
Damien Hirst, other bold-faced names keep it swanky at Annabel’s in London for Richard Prince at Serpentine Gallery [The Independent]

Amtrak warned of Acela ‘defect'; Train spokesman denies lawsuit.(PAGE ONE)

The Washington Times (Washington, DC) October 22, 2002 Byline: Tom Ramstack, THE WASHINGTON TIMES Amtrak was warned by the manufacturer of its troubled high-speed Acela Express trains about potential “defects” in the undercarriages but forced early delivery.

Court documents in a lawsuit by Bombardier Corp. against Amtrak say trains were delivered before the design was certified as safe.

Bombardier, based in Montreal, said it gave its warning of a “trainset truck defect” in a letter dated Aug. 29, 2000. A trainset refers to locomotives and the rail cars they pull. Trucks are the wheel assemblies on the undersides of rail cars and locomotives.

Amtrak yesterday denied Bombardier’s accusations.

“At no time did Bombardier ever raise issues relating to the safe operation of the trainsets,” said Amtrak spokesman Bill Schulz. “If it had, neither Amtrak nor [the Federal Railroad Administration] would have permitted the trainsets to be operated.

“Amtrak was not aware of the specific defect,” he said, referring to cracks in the suspension systems.

Two months ago, an Amtrak mechanic discovered cracks in the undercarriage suspension system of an Acela Express locomotive when a bracket dislodged during routine maintenance in Boston. Additional inspections turned up cracks in other Acela Express trains, which travel at speeds up to 150 mph along the Northeast Corridor. Amtrak was forced to interrupt the popular service and lost millions of dollars in ticket revenue.

Amtrak found that the suspension assembly brackets appeared to be too weak to withstand the side-to-side movement of the locomotives. web site amtrak promotion code

Bombardier delivered the first Acela Express trainset on Oct. 18, 2000. Regular service along the Northeast Corridor started in December 2000.

Amtrak owns 18 Acela Express trainsets, 15 of which normally operate 50 daily departures. Three are kept in reserve. Because of the suspension problems, the operation is down to 12 trains making 40 daily departures.

Bombardier in November filed a lawsuit in U.S. District Court for the District of Columbia seeking compensation from Amtrak for cost overruns resulting from repeated design changes and tests ordered by the national passenger railroad.

On Aug. 18, 2000, Amtrak submitted a “claim,” or demand, that the trains in the $800 million contract be delivered. They already were more than a year late.

Bombardier responded by saying it was reluctant to deliver the trains before all of Amtrak’s requested design changes were complete.

“What Amtrak proposes is nothing short of a unilateral rewriting of the contract that would permit Amtrak to force the delivery of equipment which Amtrak itself asserts is defective in major respects,” wrote Germain Lafontaine, director of program management for the Bombardier Transportation-Alstom consortium that built the trains.

Richard Sarles, Amtrak’s vice president for high-speed rail, knew disagreements involving design of the undercarriage were unresolved but submitted the claim anyway, Mr. Lafontaine said in his letter. Mr. Sarles also knew that the unresolved design issues “could require operation of the trainsets at reduced speeds.” In addition, “these defects would allegedly increase the trainset’s trip time and require post-delivery repairs by the contractor or other commercial resolution.” Bombardier spokeswoman Carol Sharpe repeated the company’s position that any problems resulted from Amtrak’s design changes.

“What we said was that there were certain technical issues with which we disagreed,” she said. “They were imposing certain designs on us and we would disagree. We can’t discuss the specifics.” After Bombardier filed suit, Amtrak issued a statement blaming the manufacturer for delays and cost overruns.

“After five years of delays, performance failures and self-inflicted financial losses, it is no shock that Bombardier is now attempting to shift the blame for the consortium’s mismanagement of the high-speed trainset contract to Amtrak,” said an Amtrak statement dated Nov. 8, 2001.

Among Amtrak’s complaints against Bombardier were “speed restrictions, because the trainsets do not meet contract specifications when operated on track that complies fully with all FRA requirements.” Amtrak appeared to be aware of the undercarriage problems before delivery of the trainsets when it told Bombardier in an Aug. 14, 2000, letter that it was suspending payment for failure to meet design specifications. site amtrak promotion code

Payments in the contract were due as the Bombardier-Alstom consortium progressed in intervals toward completing the contract, referred to in letters as “milestones.” “Milestone payment amounts associated with trainset truck performance and the related qualification tests are not yet due because these milestones have never been achieved,” John Bell, Amtrak’s program director for high-speed trainsets, said in the letter.

Amtrak withheld $51 million in payments because of the equipment problems. Bombardier is seeking $200 million in its lawsuit as compensation for the cost overruns incurred from Amtrak’s design changes.

Meanwhile, Bombardier says it has engineered a permanent repair for the suspension systems, a sturdier bracket that reduces side-to-side motion.

The cracked support brackets were rewelded as a temporary fix in August to get the trains back into service.

Amtrak said Bombardier’s new bracket is undergoing field testing and must be approved by the FRA before it can be certified as a permanent repair.

Acela Express, one of Amtrak’s most popular and profitable business ventures, was a linchpin in the railroad’s failed efforts to free itself from federal subsidies. Congress is considering restructuring Amtrak because of its persistent inability to operate profitably.

CAPTION(S):

Amtrak says Bombardier Corp.’s suspension assembly brackets are too weak to withstand the side-to-side movements of Acela Express trains, which travel up to 150 mph. [Photo by AP]

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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Sotheby’s London Contemporary Art Evening Auction, July 1 – Preview

Tuesday, July 1st, 2008

Chant 2, Bridget Riley (1967) via Sotheby’s

Sotheby’s is holding its Contemporary Art Evening Auction on Tuesday, July 1st at its New Bond St. location in London. The sale’s highlights include works from Francis Bacon, Jean-Michel Basquiat, Antony Gormley, Damien Hirst, Anish Kapoor, Jeff Koons, Takashi Murakami, Richard Prince, Gerhard Richter, Bridget Riley, Andy Warhol and a number of other notable contemporary artists. The complete body of works for this sale will be on view at Sotheby’s New Bond St. galleries Monday, June 30 from 9am-7pm and Tuesday, July 1 from 9am-12noon.

Bridget Riley’s piece, Chant 2, a unique color painting which will be in the sale, was part of a show which won the artist the esteemed International Prize for Painting at the 34th Venice Biennale in 1968 .

Estimate: $4,000,000 – $6,000,000 (Pictured above)

London Contemporary Art Evening Auction [Sotheby's]

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Go See: Richard Prince ‘Continuation’ at Serpentine Gallery, London, June 26th – September 7th

Friday, June 13th, 2008

Untitled (cowboy) 1998-99 via Serpentine Gallery

American artist Richard Prince follows his recent Guggenheim retrospective with Richard Prince: Continuation at Serpentine Gallery in London. This show will include recent work as well as Prince’s more established pieces from the past 30 years, such as his cowboy series, where the artist rephotographed and enlarged images of American masculinity from Marlboro cigarette advertisements.

Richard Prince [official website]
Richard Prince: Continuation [Serpentine Gallery]
Richard Prince at the Serpentine [red carnation]
Richard Prince and Marc Jacobs Create Expensive Purses [Elle UK]

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Sotheby’s New York Contemporary Auction Surpasses Expectations

Friday, May 16th, 2008


Millionaire Nurse, Richard Prince via Artnet

The record-setting Francis Bacon triptych wasn’t the only artwork purchased for large sums at Sotheby’s the other night. The evening sale, which amassed a total of $386 Million and came on the heels of a successful night at Christie’s was filled with powerhouse artwork and collectors –indicating that maybe not all Americans bearish on art.

Market Exuberance Surprises [International Herald Tribune]
Sotheby’s Stock Rises After Strong Contemporary Sales [Forbes]
Francis Bacon Triptych Tops Sales [Art Observed]
Sotheby’s begs the question – what recession? [New York Times]
$86 Million Corpse at Sotheby’s [Bloomberg]
The Scene at Sotheby’s [Wall Street Journal]
Bringing Home the Bacon [Artforum]

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Richard Prince sells rights to apocalyptic film pitch inspired by St. Barth

Friday, March 28th, 2008


Photo of Richard Prince courtesy of Revolver

The Guardian UK reports that Richard Prince recently sold the rights to his film concept to an unnamed buyer.

Picture the End of the World – [Guardian UK]

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NEWSLINKS 03.12.08

Wednesday, March 12th, 2008


Melissa Bent and Mirabelle Marden via Style.com


Interview with Melissa Bent, Mirabelle Marden, founders of Rivington Arms [Style.com]
Former Guggenheim director Krens looking for other New York projects[Bloomberg]
Emmanuel Perrotin’s review “La Louvre – Paris” exhibition by Gelitin
[The Moment]
Ralph Rugoff’s blunt critique of Damien Hirst’s “decorative” £50m skull [The Independent]
Hirst work sells for 500 times €380 paid for it last year [The Independent]
A Rare Richard Prince Interview [Dejour Magazine via Raw art weblog]

Richard Prince Video Interview in his Upstate Studio

Monday, March 10th, 2008


Richard Prince Video Interview via VBS TV (Click for link)

VBS Tv’s series Art Talk, has a four part session with Richard Prince detailing his studio located in Rensselaerville, NY. The videos show Prince’s personal collection, local inspirations, and studio/hunting lodge. Additionally he opines on his methodology, what makes art successful or unsuccessful, and the public’s opinion of art in general.

Art Talk (VBS TV)

Newslinks 2.5.08

Tuesday, February 5th, 2008

Damien Hirst “All You Need is Love” via Sotheby’s

Sotheby’s Lowers Estimate for (RED) Auction by 28% [Bloomberg]
Damage to Antiquities Caused by Tax Scheme Accounts for Art Raids [New York Times]
Ryan McGinley to Shoot Ads for Converse by John Varvatos [GQ Magazine]
Picasso Exceeds Auction Estimate at Christie’s London [Bloomberg]
Met Hires Headhunter to Find New Director [Wall Street Journal]
Guy Cogeval Appointed Director of Musée d’Orsay [Art Info]
Saatchi buys Contemporary Heinrich Himler portrait [UK News]
Richard Prince and Terry Richardson create artwork for controversial James Frey novel [New York Post]
Gerhard Richter at Serpentine Gallery in September [Guardian UK]

Newslinks 1.16.08

Wednesday, January 16th, 2008


Farhad Moshiri’s gold-leafed toy guns via Portfolio

Dealers and Auction Houses Scour Middle East [Portfolio]
International Buyers Ignore Turmoil and Look to Art [Wall Street Journal]
Louis Vuitton and Richard Prince Collaborative Handbag [NY Sun]
Minimalists Artist, Martin Creed, First at Tate [Guardian]
Diversifying with Art Investment Strategies [Wall Street Journal]

Richard Prince Photo Breaks Auction Record

Tuesday, January 8th, 2008


Prince’s Cowboy Photo via pdnonline

On November 14th 2007, a photo from Richard Prince’s untitled cowboy collection sold at Sotheby’s in New York for a record-breaking $3,401,000. This is the most expensive photo sold at auction. The sale barely exceeded Andreas Gursky’s record of $3,340,000. It is notable however, as it is a photograph of a photograph.
Auction Info
Elite Choice

Richard Prince at Eden Rock Hotel in St. Barth

Monday, January 7th, 2008


Image Courtesy of NY Times

Starting December 27th Richard Prince’s work debuted at the Eden Rock Hotel in St. Barthelemy in the French Virgin Islands. This is the first in a series of contemporary shows to grace the hotel in coming months.

Luxist.com
BlackBook Mag
Eden Rock Hotel