more photos after the jump…

(more…)

Grayson Perry; Entrance To The Forest; 2002; Victoria Miro Gallery; London -Photos by ArtObserved

“The surprise is the business we are doing. Frankly, people are expressing more confidence in the art market than the government or Wall Street right now,” said Sean Kelly of Sean Kelly Gallery. The night of December 2nd, Vernissage attendees glittered and Piper Heidsieck champagne flowed.  More importantly, buyers were in attendance, asking questions and indeed, according to most of the galleries interviewed for this article, buying.  On Thursday afternoon, Douglas Baxter, President of Pace Wildenstein professed “We’ve met expectations.” Also on Thursday, when asked his feelings on sales from the night before, a representative at Cheim & Read insisted his artists have been selling well, pointing to Jack Pierson sculpture and a pile of William Eggleston’s photos.  Margherita Belaief of Peres Projects had the same confidence, “It’s hard to say so early but in general, Dash Snow’s pieces are selling strong.”  While hesitant to disclose precise numbers, the overall sentiment of the top galleries was optimistic.

However, it’s important to note while the larger known artists have been selling strong, some galleries have reported some difficulty selling lesser known artist pieces.  Alfons Klosterfelde at Klosterfelde was most direct: “People are asking more questions and really want to know the details,” but he said pointedly as of Thursday, “there have been less sales” and Klosterfelde remarked the pieces sold were from the gallery’s more known artists.

Photos and Writing by Faith-Ann Young

more pictures and story after the jump…

(more…)

Portrait of Bindo Altoviti, by Girolamo da Carpi, via Sotheby’s; Sold for £3.065 million.

Bucking the months-long trend of disappointing auction results, this week’s Old Masters auctions in London (Christie’s on December 2nd and
Sotheby’s on Dec. 3) managed to sell close to the higher end of their expected price range–at least for one auction house.

Sotheby’s Old Masters painting sale raised  £13.3 million against a pre-sale estimate range of  £9.5 to £13.5 million.  Seven new artist records were set, as 61.5% of the offerings were sold by lot, and 71.7% sold by value. A portrait of Bindo Altoviti, a Florentine banker, fetched  just over £3 million compared to top end estimates of  £300,000. The portrait was painted on marble during the Italian renaissance, depicting one of its major business and arts figures, and has been passed down since the late 18th century within a Swiss collector family.  The top lot was easily A Young Woman in a Red Jacket Feeding a Parrot by Frans van Mieris the Elder, which was sold for £3.6 million versus top end estimates of £700,000. Another high-priced lot that beat its estimate was a rare coastal landscape piece by Jan Brueghel the Elder, which went for £1.07 million pounds against top end estimates of £700,000.

Observers attribute the success of the Old Masters auctions to the fact that the genre did not see the astronomical price appreciation that became common in more contemporary art markets. Additionally, Sotheby’s priced the lots less aggressively than Christie’s, its counterpart, which saw less dazzling results–detailed after the jump.  Aggressive estimates have been blamed for the dismal Russian art auctions last week in London, as covered previously in ArtObserved.

Catalogue: Sotheby’s Old Masters Evening Sale
Can Old Masters Weather the Economic Storm? [Wall Street Journal]
Banker Portrait Fetches 15 Times Forecast at London Art Auction [Bloomberg]
Painting Found in Attic Fetches $4.2 Million in Old-Master Test [Bloomberg]
Old Master Paintings Realise GBP13,334,000 at Sotheby’s [ArtDaily]
Tiepolo Masterpiece – Previously Hidden in the Attic of a Chateau in France – Sells for $4,227,780 [ArtDaily]
Old Masters Show the Market Up [ArtMarketMonitor]
Old master sales show resilience amid art weakness [Reuters]

(more…)

Familie am Meer, or Family at Sea in English, a 1964 painting by Gerhard Richter via the Guardian.

The National Gallery of Scotland is hosting a major retrospective of German artist Gerhard Richter. Over 60 works are included in the exhibition all on loan from private collections and includes early work that has rarely been seen. The retrospective touches on all of the varied periods of the artist who is known for his mastery of both abstract and figurative painting. The retrospective follows his exhibition 4900 Colours: Version II at the Serpentine Gallery, London, covered by Art Observed here.  Following his retrospective the National Portrait Gallery, London will host Gerhard Richter Portraits February 2009.  The current exhibition is part of the Bank of Scotland totalART series. Over £400,000 has been invested in the series making it the largest sponsorship of modern art in Scotland.

This is high on the Richter scale [Guardian UK]
Exhibition preview: Gerhard Richter, Edinburgh [Guadrian UK]
Gerhard Richter at the National Gallery Complex, Edinburgh [Telegraph]
Richter: Paintings from Private Collections at National Gallery of Scotland [Artdaily]

(more…)

In Fashion Photo Exhibit; Miami; December 2nd; 2008

The debut of the Naomi Campbell Retrospective, which boasted colorful fashion photography, tanned celebrities, red carpet, juicy fruity drinks, and a ribbon-cutting session, was a mix of highs and lows last night. Majority of the photographic selections were solid representations of top fashion photographers; the lush Yves Saint Laurent Ad Campaigns of Naomi by Inez Van Lamsweerde & Vinoodh Matadin were displayed along with other iconic photographs of the long-limbed diva against maze-like green hedges.  In addition, Michael Dweck’ ethereal mermaids, romantic fashion photos by Alika Malka and delicious pop arty shots by Arthur Elgort stood out in the labyrinth of retro and modern fashion photos. Other photographers represented included Gilles Bensimon, Patrick Demarchelier, Arthur Elgort, Simon Harris, Seb Janiak, David LaChapelle, Mario Testino, and Ellen Von Unwerth. However, while the selections were cheerful, bold, and uplifting, (truly, what would fashion photography be today without LaChapelle’s influence?), none was jaw-droppingly sensational or controversial. Perhaps because we are so inundated with these photographers’ sensibilities via mega-watt advertisements and 800-page luxury magazine spreads, when we attempt to differentiate between art vs commerce, their works seem to lean more on the commercial side.

Photos and Writing by Faith-Ann Young

more story and pictures after the jump…

(more…)

Ted Noten designed Prada Purse; Gold-plated gun, cast in acrylic, hangbag; Ornamentum Gallery; 506 Warren Street; Hudson, NY – Photo by ArtObserved

We already knew that Basel was downsizing: this year, little known French pop princess Yelle is replacing leathery icon Iggy Pop in Art Loves Music, sponsor UBS reported its first quarterly loss in 5 years, liquor sales are down 20%, and many people including key investors simply decided not to come. Yet if indeed the art bubble is popping, we thought at least there would be a ‘bang’ to talk about; instead, if Tuesday is any judge, one can surmise that the ostentatious, fun ego of Miami Basel and sister satellite Fairs will instead deflate in a slow, lackluster manner this year.

At the premier Design Miami’s Vernissage, though the champagne was still flowing and VIPs sauntered in freely, visually there appeared to be drop in attendance from last year and the overall sentiment seemed rather quiet and demure. (Is everyone in fiscal mourning or is it simply sticker-shock?) Also, few of the displays were as buzz-worthy like 2007 Designer of the Year Tokujin Yoshioka’s crisp  airy hamster nest of straws that put Dash Snow and Dan Colen’s art bum hamster nests to shame. Since Designers of the year The Campana Brothers’ whimsical, stuffed animal chairs are ubiquitous around the design world these days, while their influence is strong especially in terms of environmental sustainability, their various displays arguably may not challenge the future of art design as many of past winners have (i.e. Zaha Hadid, Marc Newson, etc).

Words & Photos By Faith-Ann Young

more story and photos after the break…

(more…)

Cocktails under the lights at the Raleigh Hotel – Photo by ArtObserved

For some time the press in general, with sometimes a bit too much schadenfreude, has been anticipating how the bacchanal of the art market, Art Basel Miami Beach, would be affected by the current art market downturn.   ArtObserved is here and can say definitively that the energy is more subdued than prior years.    Art Basel Miami Beach has 250 exhibitors from 33 countries showing more than 2,000 artists with costs of exhibiting exceeding $100,000 in some cases.   Last year 43,000 visitors were recorded in attendance.  This year there are still the chauffeured cars, the expensive catered events with fashion or luxury commercial tie-ins, the crowded parties, such as the packed throngs of people (including Pharell) trying to get into the Raleigh penthouse party last night (story coverage to follow).   However, for the bulk of the exchanges in Art Basel Miami Beach, the cocktail and booth-side conversations, the topic seems to inevitably focus on assessing the situation.

Art Basel Miami Beach is still a young fair, but for the past few years it culminated into one of the most significant global art events.  Part of the reason why it offers unique perspective into the state of the art world is that Art Basel Miami Beach always was differentiated by extraordinary amounts of satellite fairs (no other major art fair  has as many satellite events) as well as for grand, almost shameless levels of fashion, music, film, publishing and luxury corporate sponsorships and collaborations, which, along with the weather, brought many affluent buyers and cultural influencers to the scene.   The galleries showing know that the market is soft, and part of the exciting part of this year’s fair is that participants have brought some of their most resilient and high quality works to fight it out.   Art Basel Miami Beach will this year have a few too many flopped parties, some disappointing no sales at the booths, and perhaps some galleries will be dealt some damaging blows but in the end the fair seems to still be one not to miss.

Glitz Meets Grim as Miami Basel Fair Opens in Pallid Art Market [Bloomberg]
Art Basel Miami Beach | Naomi’s Watts [TheMoment]
Editor’s Picks: Art Basel Miami Beach Preview [ArtInfo]
Twenty-One Cranky Ways of Looking at Art Basel Miami Beach [ArtInfo]
The Block and the Booth [ArtInfo]
Art loves everyone. Love it back… [FinancialTimes]
Art Basel Miami Beach set to party on [Financial Times]
Art Basel satellite shows likely to struggle this year [MiamiHerald]
$300,000 sculpture destroyed en route to Art Miami show [MiamiHerald]
Art Basel Art Fountain’s Inhuman Stain [NYMag]
Miami Madness [ArtNet]
Art Basel Miami Kicks Off Cautiously, Optimistically [NYMag]
Presence of Mutated Muffin Head Dress Man Yields No Significant Insight on Fair Permanence. Yet. [ArtFagCity]

more resources after the jump…

(more…)

–>
Jonathan Meese outside Galerie Thaddaeus Ropac with one of his sculptures, via Galerie Thaddaeus Ropac.

Now on display at Galerie Thaddaeus Ropac in Salzburg, Austria is German artist Jonathan Meese’s most recent sculptural works. Meese has been known in particular as a performance and installation artist but has recently renewed his artistic focus on the classic forms of painting, drawing, and sculpture. Though varied are his mediums Meese’s works are known to employ a constant theme of symbols, signs, and badges that serve as figurative allusions to characters in history, fictional literature, and current pop culture that are as varied as Stalin and Scarlet Johannson.  The artist’s work also serves as a reflection and reconstruction of German history and mythology.  This exploration has lent the artist to be compared to fellow German artist Anselm Kiefer whose work, especially that of the 1970’s, drew substantial inspiration from the history of Nazi Germany.
–>

–>
Press Release [Galerie Thaddaeus Ropac]
–>
Jonathan Meese at Thaddaeus Ropac [Contemporary Art Daily]
–>
Ich bin ein artist [TheMoment]

(more…)

Mark Leckey receiving the Turner Prize, via the Guardian

The only male among the four artists selected as nominees for this year’s Turner Prize emerged as the winner of what is widely considered Britain’s most important contemporary arts competition, held at the Tate Britain museum for the last 24 years. Mark Leckey’s Cinema in the Round clinched the Turner Prize, joining the ranks of Damien Hirst, Chris Ofili, Tracey Emin, Grayson Perry, Rachel Whiteread,  the Chapman Brothers, Tomma Abts, Steve McQueen, among many other now prominent artists.  The Turner Prize is awarded to the best artist under 50 by a jury which changes every year.  Leckey’s works included films that examined the role of movies and other media in the daily lives of viewers, and how they see themselves.  Cinema in the Round examined this theme in depth, referencing external cultural imagery drawn from such as sources as Felix the Cat, Homer Simpson, Titanic the movie and Philip Guston.  Leckey beat out fellow artists Runa Islam, Cathy Wilkes, and Goshka Macuga for the £25,000 prize, which was presented by musician Nick Cave.  The other competitors took home £5,000 as consolation prize.

Official Site: Turner Prize 2008
Video: ‘I want a TV show,’ Interview with Mark Leckey [Guardian]
Photos: Turner prize 2008: Happy go Leckey [Guardian]
Modest art: out goes the controversy as magpie of the artworld steals the show [Guardian]
‘Felix the Cat’ Artist Mark Leckey Wins Turner Prize [Bloomberg]
Mark Leckey Wins Prestigious 2008 Turner Prize – World’s Top Contemporary Art Award [ArtDaily]

more pictures after the jump…

(more…)

A beach towel by Ed Ruscha via the Art Production Fund

Just in time for Art Basel Miami Beach, new beach towels by Ed Ruscha, Karen Kilimnik, Raymond Pettibon and Julian Schnabel are ready, catch them at the Raleigh Hotel [Art Production Fund]
A Page Six roundup of some of the Art Basel Miami Beach parties, as usual, the Raleigh hotel is front and center [NYPost]

“Paysage, le mur rose” (Landscape, the Pink Wall) by Henri Matisse via Artsjournal

France gives back Henri Matisse painting, once seized by Nazi SS officer, proceeds from sale to go to British charity for medical rescue in Israel [Artsjournal] more here [AP]

Museum of Islamic Art, Doha, Qatar via The New York Times

Qatar opens the 41,000 square foot, IM Pei designed Museum of Islamic Art in Doha; Robert de Niro, Damien Hirst, Jeff Koons and London dealer Jay Jopling attend festivities [NewYork Times]

Portrait of a lady as Flora , by Italian master Giambattista Tiepolo

A lost painting by Giambattista Tiepolo, discovered in a chateau attic, may sell for £1m at Christie’s sale in London next week [FinancialTimes]
City of San Francisco not accepting $1 billion gift to build space to show Gap Inc. founder Don Fisher’s 1,000 work strong collection due to aesthetics of architecture [Bloomberg]
A review of Calvin Tomkins’s ‘Lives of the Artists’ which profiles headliners such as Hirst, Cindy Sherman, Schnabel, Serra, Koons, Currin and others [NYObserver)

Portrait Ria Munk III – by Gustav Klimt via Linz Presse

Lentos Museum in Austria may have to give a $10 million Gustav Klimt painting to heirs of Holocaust victim [Bloomberg]

The artist Steve McQueen via GuardianUK

Turner prize winning video artist Steve McQueen interviewed, and more, on his new film, ‘Hunger’ [GuardianUK]

The rag market in Moscow, by Vladimir Makovsky. Sold for £1.33 million. Picture via the Guardian.

Russian art collectors, who have been keen participants in the art market for the better part of this decade, have largely kept their distance from this year’s series of Russian art auctions in London.  For the past nine years, the Russian art auctions typically attracted highly competitive bidding from Russian oligarchs and their representatives.  Activity is now dwindling markedly, correlating roughly but unmistakably with the net worth of Russia’s billionaires, who have lost tens of billions due to massive equity and commodity market declines of roughly 2/3 off their highs.

MacDougall Arts’ auction, a Russian art specialist, sold just under 40% of the works on offer, raising £7 million less than its presale low estimate of £12 million.  Sotheby’s, the market leader for Russian art, fared somewhat better, selling £25 million worth of art (albiet against an estimate of £30m to £43m) and setting nine artist records, which was the third highest total for a series of Russian Art sales at Sotheby’s.  Christie’s sold £3 million worth of art, while Bonham’s sold a third of its offerings, collecting £1.7 million.  Many of the pieces on sale were from the collection of Monika, Princess of Hanover, Countess zu Solms-Laubach, a German aristocrat and distant relative of the British royal family.  Her collection fetched £1.95 million, almost twice its estimate of £1.1 million, providing some solace to Sotheby’s, who sold most of her works.  Egyptian Girl, by Vasili Polenov (shown below), also provided a bright spot when it sold for £1.05 million pounds, more than triple its top estimate and setting an artist record. The Joker by Mikhail Klodt (shown below), was sold for £313,000, well over its top estimate of £180,000, while The Clearing by Ivan Shishkin (shown below) topped its £200,000 estimate when it sold for £289,000.

Sotheby’s Russian sales signal duller art market [Financial Times]
Sotheby’s 2008 November Series of Russian Art Sales Total $37.9 Million [Art Daily]
Russians Shun 60% of London Art Sale, Wait for Prices to Drop [Bloomberg]
Princess Collection Shines at London Russia-Art Sale [Bloomberg]
Bargain Buy: Christiet’s Sells Russian Painting for 10 Pounds [Bloomberg]
Russian Art Week at Christie’s in London [Art Daily]

more pictures after the jump…

(more…)

Still from Kaikai Kiki Animation Episode 1, Planting the Seeds 2007 via LA Times.

Japanese artist Takashi Murakami is set to open an animation studio in Los Angeles next summer, 2009.  The studio, which should accommodate roughly 30 employees, will take up approximately 9,000 square foot (6,220 square feet on the first floor and 2,760 square feet on the second level) in a building on North Highland Avenue and will be operated by Kaikai Kiki, Murakami’s production and management company.

Murakami said in a statement: “This studio represents a great step in the evolution of Kaikai Kiki and gives me a closer proximity to the community of artists with whom I hope to collaborate as I continue my explorations of animated and live-action film.”

The new studio’s first major project will be an animated feature-length film based on the series of  shorts, “Planting the Seeds,” that premiered last winter at Murakami’s MoCA exhibition.  Kaikai Kiki has already produced the music video for Kanye West’s Good Morning (as covered by Art Observed here.)

Murakami, who, like Andy Warhol, is known for blurring the boundaries between high and low art, created the superflat monogram for Louis Vuitton and his animated characters are also featured in Louis Vuitton advertisements.

Murakami animation studio coming to LA [LA Times]

Videos and images after the jump… (more…)

Place (Village) 2006-08, via New York Times

British artist Rachel Whiteread’s installation Place (Village) (2006-08) is currently on view for the first time in The United States at The Museum of Fine Arts in Boston.  This recent work is the centerpiece of an exhibition simply titled Rachel Whiteread which also features a selection of the artist’s earlier pieces including casts of doors, the insides of boxes, and wood flooring, as well as drawings and collages.

Museum of Fine Arts Press Release for Rachel Whiteread
A Talk with Rachel Whiteread [Time]
Rachel Whiteread at MFA [Big Red & Shiny]
Rachel Whiteread – Hidden Corners of the Neighborhood [NYT]
Whiteread at MFA – It Takes a Village [HubArts]
Rachel Whiteread’s Dramatic Installation [ArtDaily]
Missed Oppurtunity at The MFA [Boston Globe]

More information and pictures after the jump… (more…)

After John Currin’s recent success, against the market, at the November auctions (as covered by AO here), an analysis of his work complete with slideshow [Slate via Artmarketmonitor]
NightTalk has an interview with gallerist Mary Boone [Clipsyndicate]
Some NYC galleries are expanding in a downturn [ArtInfo]

Murakami’s Kakai Kiki creates a signature sneaker [TheMoment]
Undeniably influential through his iconic images during the Obama campaign, street art legend Shepard Fairey named a GQ man of the year [Supertouch]
Damien Hirst soon to open his bed and breakfast in Devon, UK [FirstPost]
Tracey Emin states that despite the seeming art-recession, she is “pretty credit-crunch proof” [TelegraphUK]
With prices lower at auction, MoMA acquires [NYTimes]

Vito Schanbel, who curated the show along with Anna Wintour at the opening, via Park Ave Peerage.  Schanbel above is seen in shoes with no socks as the artist Terence Koh requested all guests take their shoes off upon entering the show.

Terence Koh’s most recent exhibition, “Flowers for Baudelaire,” is on display now and consists of 51 paintings of varying sizes created using titanium paint, corn syrup, and powdered sugar. At the show the artist used a fog machine to create added effect. The show was curated by Vito Schnabel, a close friend of Koh’s and the son of the artist Julian Schnabel. The exhbit and was held at the home of Oliver Sarkozy, the half-brother of France’s President Nicolas Sarkozy. The artist maintained that the works were edible at the opening, even licking a painting in example though few of the guests such as Anna Wintour, Cynthia Rowley and Salman Rushdie ventured to taste the works. Others in attendance for the opening and after party were artists Dash Snow and Agatha Snow, Museum of Modern Art curator Klaus Biesenbach, gallerist Jeffrey Deitch, music mogul Lyor Cohen and photographer Todd Eberle. The Upper East side space, formerly the studio of late photographer Richard Avedon, was painted entirely white -floors, walls, and ceiling- as part of the display.

The Paintings at Terence Koh’s New Show Are Possibly Edible [NY Magazine]
Koh Goes White: Hot Art [Bloomberg]
Now Licking | Terence Koh [The Moment]
Terence Koh Revealed [Hint Mag]
Uptown Baby [Vmagazine]
Palazzo Koh [Park Avenue Peerage]

(more…)

Amy Winehouse by unknown artist, on RCA Secret postcard, via BBC

2,700 postcards composed by a combination of famous and emerging artists were sold at the Royal College of the Arts’ Secret postcard event this past Saturday, November 22nd, in London.  Every year, students from the college contribute original pieces of art on postcards, along with many of the worlds top artists and assorted other notables, to raise funds for the school. The RCA has managed to raise close to £1 million from the sale of the postcards since 1994, when a student came up with the idea.

Cards sell for £40 each, and are unmarked and unsigned; the viewer or buyer does not know who created it, leading to the possibility of acquiring works by the likes of Damien Hirst, Peter Doig, or Manolo Blahnik very inexpensively.  Postcards have been resold for princely sums at major auction houses. A card by Hirst was sold for £15,600 in 2004, while a Doig original sold for £42,000 in 2000.  “Keeping the works anonymous is a very clever idea because potential buyers have to use their own powers of discrimination,” noted artist and regular contributor Grayson Perry said. “They must look at art works closely rather than read labels, a habit they might find rewarding at any exhibition.”

While readers have missed out on this year’s sale, which was held on November 13th, they can always look forward to 2009.

Exhibition page: RCA Secret
Secret art postcards go on sale [BBC]
Lucky dip in secret postcard sale [GuardianUK]
In London, Purchase a Postcard Worth 42,000 British Pounds [IHT]

(more…)

Emmanuel Perrotin, Gallerist and Founder, Artists’ Dreams, via ParisArt

Emmanuel Perrotin, owner of the Paris and Miami based Galerie Emmanuel Perrotin, has announced the formation of Artists’ Dreams, a vehicle which will allow investors to finance expensive pieces by leading artists. Perrotin has syndicated investments in several artistic pieces, reaching out to his wide network in the collecting community to fund works such as Piotr Uklanski’s Untitled (Floor Dance) piece, which was exhibited at the Guggenheim in 2007.

As competition intensifies among artists, this new venture tries to fill a gap by allowing emerging artists to compete more effectively with brand name artists such as Damien Hirst and Jeff Koons, who often use very expensive materials and processes in their productions. Works financed through Artists’ Dreams will be sold exclusively through Perrotin’s two galleries, and investors will see returns on their investments out of the dealer’s cut once the work is sold. Perrotin has raised €2 million, and is also planning similar vehicles in conjunction with museums and other dealers, under similar terms. Perrotin has been building on his success recently, having regained the right to represent Damien Hirst as his client, and presenting two shows curated by Pharrell Williams (of N.E.R.D and The Neptunes) at his Miami and Paris galleries, as covered by ArtObserved (see below).

Galerie Emmanuel Perrotin
Dealer sets up company to fund artists’ production [The Art Newspaper]
Damien Hirst to reinstate representation with Parisian gallerist Emmanuel Perrotin [ArtObserved]
Go See: Pharrell Williams, ‘Perspective,’ Galerie Emmanuel Perrotin, Paris thourgh January 10th, 2009 [ArtObserved]

–>
Eli Broad, Billionaire Philanthropist and Art Collector, via LA Times

In an apparent reversal from his statements earlier this year, billionaire philanthropist and patron of the arts Eli Broad is now opening a 25,000 square foot museum in the new headquarters for his eponymous foundation, the Broad Art Foundation.  This news comes just nine months after the Los Angeles County Museum of Art opened the 60,000 square foot Broad Contemporary Art Museum, built through $56 million dollars provided by Mr. Broad, proprietor of a 2,000 piece collection of post-war art.  Jean Michel Basquiat, Jasper Johns, Andy Warhol, and Damien Hirst figure among the many seminal artists whose works are owned by the foundation.  Eli Broad had been outspokenly calling the art market bubble for some time now and recent auction performance in the past month or two has proved him to be somewhat prescient.   Broad has felt that the market is returning to normal levels perhaps as he has recently been reinvigorating purchasing activity.  Mr. Broad’s most recent acquisitions include: Bantam by Robert Rauschenberg ($2.6 million), Wishing Well by Jeff Koons ($2.2 million), and Desire by Ed Ruscha ($2.4 million), all acquired at Sotheby’s Contemporary Art Evening Sale on November 11th (as covered by AO here).

The new facility would include the proposed museum, administrative headquarters for his organization, and storage for the pieces of his collection that aren’t on loan to museums. “We want a new headquarters, a space to have works that are not on loan to others at any given moment available for study by curators and scholars,” the foundation’s spokeswoman said in an article published in Bloomberg.  Broad has expressed that he would like the new headquarters to open within 3 years.

Gensler has been designated as the architect and consultant on the project, with a site in Beverly Hills and two other undisclosed locations under review. The Beverly Hills location would be at the corner of Wilshire and Santa Monica Boulevards, a few miles away from the LACMA museum that bears his name. Some observers question whether the new museum would introduce too much competition to existing contemporary arts venues, especially the Broad Museum at LACMA and the Museum of Contemporary Art (MoCA), where Broad was a founding trustee. MoCA especially is in a very fragile position: the museum is in a severe fiscal crisis after suffering huge losses to its endowment in the recent market downturn.  Broad has announced a plan to provide $30 million to MoCA over several years to help keep the museum from closing.

The Broad Art Foundation
–>
Los Angeles County Museum of Art
–>
Eli Broad Plans Another Art Space [New York Times]
–>
Broad Decides to Build His Own Museum [New York Times]
–>
Billionaire Broad Proposes Beverly Hills Art Museum [Bloomberg]
–>
Eli Broad’s Museum to Keep Art Out of `Basement’ [Bloomberg]
–>
Eli Broad’s art collection needs a home, so he’ll build it [LA Times]
–>
MOCA faces serious financial problems [LA Times]
–>
Saving MOCA: Eli Broad offers $30 million to MOCA in Op-Ed [LA Times]
–>
Eli Broad to Build Museum in Los Angeles [ArtForum]

(more…)

Kanye West uses Kaws for his cover art (Takashi Murakami has also had the privilege) [theartcollectors]
Art collector Aby Rosen’s Core Club, featuring works by such artists as Jean-Michel Basquiat and De Kooning, owes its founding members funds [NYPost]
A closer look into the ramifications of the art “crash” [WallStreetJournal]

“Tobacco vs Red Chief” (1981-2) by Jean-Michel Basquiat via UBS Art Collectio

A new collection at the Tate Modern in London titled “UBS Openings: Paintings from the 1980s”, which opened last week, centers on Neo-Expressionist paintings, a departure from the minimalist and conceptual artwork that preceded this period. Artists such as Jean-Michel Basquiat, David Salle, Alex Katz, Julian Schnabel, and Christopher Le Brun sought to return to historical narratives executed in a vibrant, energetic fashion contributing to powerful results in large-scale, figurative paintings.

The collection draws on works from the reserves of the Tate Collection as well as the UBS Art Collection and includes works such as Basquiat’s “Tobacco vs Red Chief” (1981-2), David Salle’s “My Subjectivity” (1981), Julian Schnabel’s “Humanity Asleep” (1982) painted over a surface of broken plates, Christopher Le Brun’s “Dream, Think, Speak (1981-2) and Clemente’s Self Portrait (1984).  The exhibition has been curated by Matthew Gale, Head of Displays of the Tate Modern.

UBS Openings: Paintings from the 1980s – Tate Modern
Through April 13, 2009

Paintings from the 1980s [Financial Times]
UBS Openings: Paintings from the 1980’s [Tate Modern Website]
UBS Openings: Paintings from the 1980s at Tate Modern [Art Daily]

(more…)

New York and Berlin gallerist Javier Peres, much a part of the success of Dan Colen, Assume Vivid Astro Focus, and Terrence Koh, opines on the “new, new school’ and the ways of the market [NYObserver]
The “serene mastery” of Italian painter Giorgio Morandi [WallStreetJournal] now at showing at the Met [ArtObserved]
In art market layoffs: Damien Hirst cuts up to 17 of the 22 in his studio [GuardianUK] and Pace Wildenstein cuts as well [Blackbook]

The highest priced “antique” on UK’s Antiques Roadshow is a £1m model of Antony Gormley’s Angel of the North [GuardianUK] more here [BBC]
The Museum of Modern Art is armed with a Twitter account [ArtFagCity]
On the heels of his recent no-sale at Phillips, [Art Observed] Damien Hirst is sanguine on the art market: “What goes up must come down” [ArtInfo]
Over 1/2 of the best selling artists of last year were Asian [Independent]
Global art dealer Jan Krugier dies at the age of 80 [ArtForum]

Cindy Sherman Untitled 2008 photograph via Metro Pictures.

Currently on display at Metro Pictures is Cindy Sherman’s first exhibition since 2004.  Like practically all of Sherman’s work, the photos have the artist acting as her own model.  The pieces are not traditional self-portraits however, as Sherman dons makeup, hairstyles, and wardrobe all conceived and executed by the artist herself.  The exhibition which, is untitled, has Sherman dressing as affluent women in elaborate gowns and jewelry, set against backgrounds of lavish homes and gardens.  To create the work the artist first photographed herself against a green screen and then then digitally merges the image with background photos shot separately.

Photographer Cindy Sherman Sports Latest Disguise [NY Magazine]
Cindy Sherman: Transformer, playing dress-up is actually a profession [Village Voice]
Cindy Sherman Channels the End of an Era [The Huffington Post]
Cindy Sherman: Press Release [Metro Pictures]
(more…)

Still from ‘Sigh,’ an installation by Sam Taylor-Wood, on display at “Yes I No,” via White Cube Gallery

“Yes I No,” a show by Sam Taylor-Wood, is currently on display at White Cube Gallery, in Mason’s Yard, London. The show contains three sets of photographs, and a large-scale film installation. ‘Sigh,’ the installation, features the BBC Concert Orchestra playing a classical piece, without their instruments. The orchestra members, who are filmed in plain clothes and in multiple takes and at various angles, are miming the performance, highlighting the relationship between the viewer’s aural perception of the music and the visuals of the musicians’ and conductor’s performing the music.

Taylor-Wood, who rose to prominence in the 1990s along with Damien Hirst, Tracy Emin, and other members of the Young British Artists movement, is known for pieces exploring themes of absence and mortality.

YES I NO by Sam Taylor-Wood – through November 29th, 2008
White Cube
Mason’s Yard, London

Taylor-Wood’s Mimed Music, Serra’s Metal Maze: London Galleries [Bloomberg]
Visual art review: Sam Taylor-Wood, No 1 the Piazza, Covent Garden/White Cube, London [Guardian]
Q&A – Sam Taylor-Wood, artist [GuardianUK]
Sam Taylor-Wood, YBA artist turned filmaker (and wife of White Cube Gallery owner Jay Jopling), to direct John Lennon film [AO Newslinks]
Exhibition Page: Yes I No
Press Release: Yes I No
Artist Page: Sam Taylor-Wood

(more…)

–>
Photos by ArtObserved

Last night RxArt hosted its annual “Party 2008″ (formerly the RxArt Ball) in honor of Jeff Koons at Milk Gallery in Chelsea, New York. RxArt promotes optimal healing through exposure to original fine art in patient, procedure, and examination rooms of healthcare facilities. By curating artistic installations in hospital settings, they provide a surrounding which helps to relieve stress and anxiety in patients, families, and staff. A festive silent auction, hosted by Larry Gagosian, Antonio Homen, and Lazaro Hernandez & Jack McCollough of Proenza Schouler, the event was well attended by art enthusiasts, fashion darlings and RxArt supporters all in good spirits. Works were set up along the walls from well-known artists such as Will Cotton, Inka Essenhigh, Hilary Harkness, Terence Koh, Nate Lowman, Delia Brown, Terry Richardson, Rob Pruitt, Ed Ruscha, Kehinde Wiley and Tom Sachs.

Guests at the launch of Timo’s neckwear collection, which took place prior to the auction, in the Phillips de Pury space upstairs, were also in attendance. Seen in the crowd at the RxArt benefit were designers Cynthia Rowley, Kai Kuhn and Sue Stemp, Opening Ceremony founders Humberto Leon and Carol Lim, social fixtures Genevieve Jones, Derek Blasberg, Emma Snowdon-Jones, and Victoria and Vanessa Traina, gallerists Gavin Brown, Barbara Wilhelm Dwek, Amy Greenspon and Melissa Bent and artists Rita Ackermann, Dan Colen and Terry Richardson (with girlfriend Jen Brill).

Each corner of the gallery was closed as the auction, both online and live, closed in sections, as the lights literally went out and the art was swiftly removed by art handlers over the course of the evening. The timed element lent a thrill to the cocktail party and auction.

RxArt Official Website
–>
RXArt Parties at Milk Gallery [WWD]
–>
Lazaro Hernandez Gets Outbid [VanityFair]
–>
When Terry met Barry [men.Style.com]
–>
Prescription Strength [Style.com]

more photos after the jump…

(more…)