Kazimir Malevich, Suprematism, 18th Construction (1915), via Sotheby’s

Following the big ticket sales in Art Basel this past week, the art market’s focus will shift to London this week, where a pair of major Impressionist and Modern Evening sales will launch the last two weeks of market activity before the summer months and their lull of activity.  Both Christie’s and Sotheby’s will face off again following last month’s monumental sales results in New York, with a number of extremely impressive works offered, often with equally impressive price tags. (more…)

Takashi Murakami is the subject of the most recent “Lunch with the FT” Interview this week, joining a writer from the newspaper for lunch at the Kaikai Kiki Co. studios outside Tokyo, and discussing his role in a generation of artists investigating capitalism and its intertwined relationship with fine art, including his relationship to otaku subcultures.  “People say, ‘Oh, Takashi steals from our culture.’ But wait a minute. Our culture means my culture, too, right?” (more…)

Former MIT Lecturer and filmmaker Joseph Gibbons is the subject of a Washington Post profile this week, as the performer and artist awaits sentencing for a bank robbery he committed on New Year’s Eve last year.  “You never can tell if the character he is playing is actually him or a work of fiction,” says Vincent Grenier, a filmmaker and professor at Binghamton University. “For him, it’s been a fertile arena to play in the boundary between reality and fantasy.” (more…)

Sotheby’s is looking to break the record for the most expensive art auction in London this week, with an Impressionist and modern sale expected to top £203 million.  “The forthcoming sale offers a rich range of highly desirable works, including those that rank among the finest by Manet, Degas, Klimt, Malevich, Gauguin and Miro,” says Helena Newman, global go-chairman of Sotheby’s Impressionist & Modern Art department. (more…)

The Art Newspaper profiles the work of Zlot Buell, the art consulting firm that has earned a reputation for discretely advising tech entrepreneurs and Silicon Valley wealth in the contemporary art market, and notes the commonly assumed myth that tech collectors are interested in digital art.  “They look at a screen all day long; they don’t need to look at another,” Ms Zlot says. (more…)

Katharina Grosse, The Smoking Kid (Installation View), all photos via Anna Corrigan for Art Observed.

Now through June 21, Johan König in Berlin presents The Smoking Kid, a collection of new paintings by Katharina Grosse.  Grosse is known for her work employing bold colors and ambitious movement in order to transcend, open, and test the limits and boundaries defining space.  Color and gesture are central concerns of this artist, whose works are at once challenging and whimsical, and her current exhibition departs from Grosse’s typical method of large-scale sculptural installation, turning her abstract style instead towards work in which movement and color is tidily contained to the canvas instead of imposed onto walls and other three dimensional forms.

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The Art Newspaper notes the impact that the soaring price of the Swiss Franc has had on the market at Art Basel this year, pushing Switzerland’s high prices even higher, with prices about 15% higher than last year as a result.  “Even the bratwurst is unaffordable,” jokes Andreas Gegner of Sprüth Magers. (more…)

Richard Prince, Original (Installation View)

Richard Prince’s Original series is currently the subject of a new exhibition at Gagosian Gallery, nestled at the gallery’s Upper East Side bookstore showroom, and using Prince’s ‘arrangements’ of soft-core adult novels with artworks created for their covers, showing the next step in the artist’s fascination with collecting, ownership and presentation.  An ardent, perhaps even obsessive collector himself, Prince often mines and unfolds worn and sometimes clandestine images, not only from vintage pulps, which serve for the selection here, but also from copies of influential literary pieces, a pattern the artist has studied throughout his career of media appropriations.  A devoted member of a group of artists who started experimenting with appropriation in the ‘70’s, Prince usually employs minimal alteration to his subject matter; rearranging, editing and sometimes even rephotographing what already exists. (more…)

Former banker Jonathan Weal is facing prison time after allegedly withholding information on his art collection during bankruptcy proceedings, a collection that included a work recently authenticated as a J.M.W. Turner seascape.  “Mr Weal was required by law to declare all property that he owns but failed to do so,” says prosecutor Klentiana Mahmutaj. (more…)

As the Broad Foundation prepares to open its Los Angeles Museum, its founders are on a major buying spree, buying about one work per week to bulk up its collection.  The museum already holds the world’s largest collection of works by Cindy Sherman, and is noted as having more Roy Lichtenstein works than anyone else outside the artist’s own foundation.   (more…)

Artist Marlene Dumas has been commissioned to paint an altarpiece for St Anne’s Church in Freiberger Platz, Dresden, replacing the current work, which was damaged in WWII.  “They are giving me a lot of freedom. I can choose the form. The theme is also open,” Dumas says.  “The only ‘restriction’ is that [my painting] should not be too depressing. It should offer some hope.” (more…)

The Smithsonian has acquired the complete records of New York Gallery OK Harris, the renowned downtown dealers who helped launch the careers of Andy Warhol, Roy Lichtenstein, Robert Rauschenberg, and John Chamberlain, among others.  The collection of paperwork includes exhibition files, correspondence, and other documents from the career of Ivan and Marilynn Gelfmann Karp, the gallery owners. (more…)

Jake and Dinos Chapman are profiled in The Guardian this week, discussing their sprawling Hell installation, and the countless horrors occurring across its expanse of miniature figures, and the first draft of the work’s destruction in a massive warehouse fire.  “We heard the Momart warehouse was on fire and drove up to have a giggle because we thought it was full of other YBA art. Then we got a call saying Hell was in there,” Jake Chapman says.  “We just laughed: two years to make, two minutes to burn. A smart-assed journo phoned up and said: ‘Is it true that Hell is on fire?’ It was fantastic – like a work of art still in the process of being made, even as it burnt.” (more…)

This week, The Guardian looks at the fates of past years’ Serpentine Pavilion commissions, and their destinations after the work is taken down.  With most pavilions sold before they are installed, the article offers a look at the shifts in use and context as works appear in the gardens of Indian steel magnates, or used as a beachside restaurant in the Côte d’Azur in France. (more…)

In the Courtyard of Messe Basel

As the opening previews draw to a close in Basel today, the 46th edition of Switzerland’s massive art fair and exhibition is well underway, capping two initial days of strong sales and attendance during the VIP Previews that have set a brisk tone for the week’s proceedings. (more…)

Lucas Samaras, XYZ 1700 (2015), via Pace Gallery

On view at its 25th Street galleries, Pace is currently presenting Lucas Samaras’s exhibition Albums 2, featuring over 700 digitally enhanced photographs and a mirrored room installation.  Samaras’s exhibition showcases his continued exploration of manipulated imagery as a way of plumbing his own existence, this time playing through his autobiographical accounts with digital technologies. (more…)

Lee Ufan, (Installation View), via Bria Cole for Art Observed

If tranquility could serve as a physical construct, rather than a state of mind, then a state of calm could perhaps be considered as a reconditioning of vision, a way to perceive extended relations of time, material and space.  This sense of the perceptual retooling, and its effects, is one reading offered by Lee Ufan’s continuous series Relatum and Dialogue, the most recent version of which is currently on view at Pace Gallery.   The artist tends towards a relationship between philosophy and the objects he creates with artistic significance, in order to provoke subtle perceptual reconsiderations, as proposed in his writings and contributions to the Mono-ha school of artistic practice.

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Artist Bernar Venet’s Venet Foundation and Museum in Le Muy, France, is the subject of a New York Times profile this week, documenting the artist’s impressive collection of major American artists, including Donald Judd and Sol LeWitt, which the artist often secured through barters or purchases on “friend rates.”  “Our works had no commercial value,” Mr. Venet says of the works he often traded his own pieces for. “We produced more than we sold.” (more…)

Bloomberg looks at the popularity of Yayoi Kusama’s Infinity Rooms among collectors, and its prominence in a number of major museum collections, including the recently opened Garage Center in Moscow.  “Russians loved Kusama,” says collector Inga Rubenstein. “The work is easy to understand because it’s so beautiful.” (more…)

Climate change activists have concluded a 25-hour long protest against the Tate Modern’s sponsorship by British Petroleum, writing messages and critics on the Turbine Hall floor after facing down a potential use of police force that was not acted upon.  “It’s a back-down,” says Liberate Tate member and writer Mel Evans. “Maybe it’s a sign of how much the groundswell of public opinion has shifted that the Tate doesn’t feel like they can shut down this discussion.”

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Outside Art Basel, via Art Basel

The doors are set to open at Messeplatz in Basel, Switzerland this week, for the 46th edition of the Art Basel art fair, the massive fair exhibition that has come to define the early summer months in Europe.  Bringing the massively international scope of the world’s elite galleries, this year’s Art Basel promises another strong outing.  (more…)

An article in Bloomberg this week traces the path of stolen art from theft through to sale, accounting for the variations in strategy by thieves for maximizing returns on what are often considered unsellable works.  “Sometimes people don’t even recognize that the art’s gone missing” says Bonnie Magness-Gardiner, head of the FBI’s art-theft program. “It could be in a storage facility, or in the basement of someone’s house, and it can often be years before anyone notices it’s gone.”  (more…)

Artist Mark Bradford is profiled in the New Yorker this week, discussing his work, his early life growing up in Los Angeles, and his recent adventures into performance and stand-up comedy.  “I’d seen so many black male comics, with their untouchable heterosexual superiority,” he says. “I thought, well, why not do a piece where we shake that up a little bit?” (more…)

The Guardian notes the recent completion of two new European contemporary art spaces (The Garage Center in Moscow and the Fondazione Prada in Milan) designed by Rem Koolhaas, heralding what some consider a new era in the shape and strategy for cultural centers.  “If you want to change the world you also have to decide what you want to keep,” Koolhaas states.

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