New York Magazine has published a detailed summary of the current situation at Sotheby’s, including the departure of longtime auctioneer Tobias Meyer, the friction between Daniel Loeb and Sotheby’s head Bill Ruprecht, and most notably, Loeb’s often incisive perspective on dealing with companies he wants to turn around.  “Sometimes a town hanging is useful,” Loeb once told Bloomberg Markets, “to establish my reputation for future dealings with unscrupulous CEOs.”  (more…)

The much trumpeted auction of early works by Jean-Michel Basquiat has been put on hold by Christie’s, following a lawsuit by the artist’s surviving sisters over the authenticity of some of the works.  “Our goal is to allow time for all parties involved to reach an equivalent level of confidence in the validity of these items, so that the sale may resume at a later date,” the auction house said in a statement. (more…)

Emmanuel Perrotin is profiled in W Magazine this month, underlining the gallerist’s penchant for risk-taking, and his adventurous spirit in regards to his relationship with his artists.  “There are a lot of dealers in Europe who just want to complain,” Perrotin says. “I’m rather positive and energetic. But it’s true that the bigger you get, the more you start to worry and to ask yourself how well you’re really doing.” (more…)

Los Angeles Collectors Jane and Marc Nathanson have announced that they will auction three works from their collection at Sotheby’s May 14th auction in New York, among them Richard Diebenkorn’s Ocean Park #20, estimated between $9 million and $12 million. “We’re trying to fine-tune our collection as we’re getting older,” Mr. Nathanson said, continuing on to say that the works for sale  “don’t really fit in” with their interests in pop art. (more…)

A recent New York Times article traces the rising rents of the Industry City business incubator and studios, and the resulting exodus of artists a recent rent hike at the Red Hook building has caused.  Red Hook is the most recent in a string of rapidly gentrifying neighborhoods, where artists are continually being driven out.  “All I can see is going further out, then having to move again,” said 73-year old painter Richard Castellana. “I just can’t take it anymore.” (more…)

This past week, artist Richard Prince had his Instagram account deactivated for posting an image of his work Spiritual America (a nude photo of ten year-old Brooke Shields) on his account, then reinstated.  The artist recounts the experience on New York Magazine’s website:  “The thing goes black on your phone, and they have a little graphic username login. I could not, through my phone, reenter the world of Disney. It’s like Walt is behind me.” (more…)

Kazuo Shiraga, via Art Observed

As dealers wrap their final sales today, and begin wrapping up their works for the trip home, the bustle of Armory Week is drawing to a close in NewYork City.  Strong sales seemed to be the theme of the week, with galleries across the board reporting impressive figures and percentages for their fair offerings, with some galleries selling out of their full selection of pieces before the fair closed the doors on its VIP preview on March 5th.

Xu Qu, via Art Observed (more…)

Damien Hirst is reportedly planning to write his autobiography, despite the artist’s claim that he can’t remember most of his twenties.  The artist announced his intent to pen the story of his hard partying and decadence as part of the YBA’s early this week, but has admitted on several occasions that about ten years of his life are a complete blank, due in part to the same hard living he plans to document. (more…)

Ten years of research into the identity of a purported Lucio Fontana painting has resulted in the work’s authentication, ArtNews reports.  Le Jour, painted in 1962, had sat in a European collection for many years, with the identity of the artist in question, until the piece was shown to Michele Casamonti of Tornabuoni Art Paris.  “It’s very interesting because it shows the physical position of Fontana in front of the canvas,” Casamonti notes. “It also shows how Fontana studies his gestures before realizing them. Preparation is almost more important than the execution, which is instinctive, total, and immediate.” (more…)

Giacomo Balla, Mercury Passing Before the Sun (1914), via Art Observed

From the opening lines of the The Futurist Manifesto, on view near the ground floor of the Guggenheim’s current historical survey of the early 20th century Italian avant-garde, one can detect a certain mechanistic determinism, a powerful, single-minded focus on the power of industry, science and machines.  F.T. Marinetti’s famous lines summon the roar of the engine, and the hum of electricity in equal measure, damning an Italy obsessed with its own past, and embracing a new future as a world power.

Umberto Boccioni, Elasticity (Elasticità), (1912), Courtesy Guggenheim Museum (more…)

Outside the Park Ave Armory, via Art Observed

Tucked away at the Park Avenue Armory uptown, the ADAA’s annual Art Show offers a more subdued fair experience versus the immense proceedings of the Armory Show across town.  With less than half the number of participating galleries, and a more focused exhibition policy leaning towards solo artists and thematic presentations, the fair is a strong counterpart to the Armory, one that invites a lingering, open browsing experience below the Armory’s softly lit drill hall.

Pablo Picasso, Tête de Jeune Fille, via Art Observed (more…)

The Independent Art Fair (Installation View), all photos via Elene Damenia Art Observed

The Independent Art Fair opened its doors last evening for its vernissage, welcoming collectors and press to the increasingly popular fair at Chelsea’s Center 548 on 22nd Street.  With a markedly looser atmosphere, and a closely selected group of 50 galleries and non-profits, the Independent has moved into a desirable niche position between the bigger fairs uptown, and the list of exhibitors made this more than apparent.  Big names dotted the floors of the space, with Gavin Brown’s Enterprise returning to the fair, alongside Untitled, Balice Hertling and Michael Werner, all of which brought first-class works to the sale.

Andra Ursuta at Ramiken Crucible, via Art Observed (more…)

Chuck Close is in the Wall Street Journal this week, discussing his recently renovated apartment in the East Village.  Close bought the apartment in 2011, and has installed a number of works from his collection, as well as painting the walls a bright red, inspired by the Metropolitan Museum of Art.  “All artworks that interest me are constructed,” he says.  “They don’t have to be massive works. They just have to engage me.” (more…)

John Baldessari is featured in this month’s edition of “My Favorite Things” in the Wall Street Journal, in which he shows off some of his favorite art works, possessions and gifts from friends, including an enormous chili pod given to him from Tom Waits, a postcard drawing from Sol LeWitt, and another from the creator of Spongebob Squarepants. (more…)

The Wall Street Journal reports on musician and artist Charlemagne Palestine’s special sound installation in the stairwell of the Whitney Museum for this year’s Biennial.  Featuring a set of speakers ascending the museum staircase, covered in stuffed animals and fabric, the work plays off the reverberant nature of Eli Breuer’s concrete architecture.  “I’ve been coming to the museum since it was built, and I’ve always loved the staircase,” says Palestine. “This particular kind of concrete has a fantastic resonance. It’s Taj Mahal-esque.” (more…)

Margaret Lee at Jack Hanley (Installation View), via Art Observed

Currently on view, Closer to right than wrong/ Closer to wrong than right is Margaret Lee’s second solo show at Jack Hanley Gallery. For the exhibition, Lee—co-founder of the Lower East Side gallery 47 Canal, an arbiter of art-world cool—has assembled a showroom of sorts, featuring an array of furniture-like pieces festooned with a uniform black and white Dalmatian print. While Lee’s previous work frequently dealt in a brash take on domestic objects, such as eggplant or cucumber-shaped telephones, the tone of the current exhibition is comparatively subdued. A tongue-in-cheek minimalism prevails, with polka dots turning the installation’s assorted objects—a chair, a lamp, a side table, and even a painting on the wall—into the sort of kitsch that undermines what could otherwise be mistaken as a serious design sensibility.

Margaret Lee at Jack Hanley (Installation View), via Art Observed (more…)

Peter Doig sits down with the Financial Times this week for the newspaper’s Lunch with the FT segment, and discusses his life as a painter, as well as his childhood split between Trinidad, Canada and the UK.  “My thinking is always between places. Something I would like to achieve in my paintings is a place in between places.” (more…)

Bjarne Melgaarde, via Art Observed

Plurality suits the Whitney Biennial.  It’s long embraced the diffuse narratives and varied identities of a nation as broad and intricate as the United States, and this year is no different, with 103 participants (both artists and several collectives) from around the country.  But the 2014 event, and the last to take place in the Whitney’s Marcel Breuer-designed space on Madison and 75th, has taken this interest in the varied artistic practices and themes dominating the American contemporary, and opened it to even wider dialogues, welcoming three separate curators (Michelle Grabner, Anthony Elms and Stuart Comer) with varying backgrounds to each select one floor of the museum, and explore their own particular concerns.  The result is a set of three almost completely separate thematic projects, each of which leaves itself open to dialogue with the floors nearby.

Works by John Mason, via Art Observed (more…)

Outside the 2014 Armory Show, via Art Observed

The doors of The Armory Show opened this morning for its VIP preview, welcoming collectors and press from around the world to Piers 92 and 94 on Manhattan’s West Side.  This year, the fair welcomes 205 galleries to its annual selling event, down again from last year’s 214 in what seems to be a running trend to trim the fat at the larger fairs worldwide.

Armory Show (Installation View), via Art Observed (more…)

Aki Sasamoto, Sunny in the Furnace, via Aki Sasamoto

Late this week, amid the hustle and bustle of Armory Week in New York, The Kitchen will open artist Aki Sasamoto’s newest performance, Sunny in the Furnace, running from March 6th to the 8th in the organization’s theatre space.  Incorporating Sasamoto’s playful, intricate series of object-oriented encounters and reflections, the work will see her expand her practice onto a larger scale, incorporating the work of fellow artists Sam Ekwurtzel, Jessica Weinstein, Pau Atela, and Madeline Best, as well as live music by percussionist John Bollinger. taking Sasamoto’s recurring focus on memory and material to new levels of complexity.

Aki spoke with Art Observed this past week to preview her show, and talk a bit about her personal creative process. (more…)

Jonathan Meese, Selbstportrait mit eisernem Kreuz (2001), all images courtesy MdM

On view at the Museum der Moderne Münchsberg is a unique exhibition of paintings by contemporary German artist Jonathan Meese, whose works are mainly focused on controversial issues within contemporary German history.

(more…)

Outside last year’s Armory show, via Art Observed

As March rolls into New York, so too does the art world, as the city prepares for the 2014 edition of Armory Week, capped by The Armory Show on Piers 92 and 94 of Manhattan’s West Side, and complemented by a series of additional events, fairs and openings around the city.

Serge Alain Nitegeka, Exterior I: Studio Study I (2013), via The Armory Show (more…)

Dealer David Zwirner was on Charlie Rose this past week, discussing the current state of the art market, the “philosophy” behind the artists that he chooses to work with, and his taste in minimalism.  “Minimalism brought modernism to its natural conclusion,” he says. “The intellectual rigor of bringing a work to its logical consequence, and trying to find the pure, absolute form is very appealing to anyone in my position.” (more…)

A group of artists have donated works to a benefit auction for the legal defense fees of Maximo Caminero, the Miami artist accused of breaking a vase at the exhibition of works by Ai Weiwei at the Perez Art Museum.   “We do not support the act, but we support the intention,” said painter Danilo Gonzalez. (more…)