Global contemporary art events and news observed from New York City. Suggestion? Email us.

Don’t Miss – New York: “Chaos and Classicism” at the Guggenheim through January 9th, 2011

Wednesday, January 5th, 2011


Hannah Hoch, Roma (1925). Via Focus.de

Chaos and Classicism: Art in France, Italy, and Germany, 1918-1936, currently on at the Guggenheim, is more history lesson than study of art object.  A mix of known artists with the unknown, names like Hannah Hoch, Picasso and the  little remembered Amleto Cataldi (whose third Google result is someone’s Facebook profile) are shown contextualized within this period of political transformation.  Curated by Kenneth E. Silver—author of Esprit de Corps: The Art of the Parisian Avant-Garde and the First World War, 1914-1925, which is considered an authority on interwar modernism—Chaos and Classicism offers an illustration of how art can just as easily support, as it does challenge, institutional power. Traveling up the Guggenheim’s ramp, the exhibition lays bare the changing sentiment of the period—from a reliance on the order and beauty of Classicism after the horrors of the first world war to fascism’s adoption of those same classical themes for world take over.

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Go See – New York: Picasso – Paintings and Sculpture at Gagosian Gallery Through December 23, 2010

Saturday, December 18th, 2010


Pablo Picasso, Portrait d’enfant: Paloma, 1952. Via Gagosian Gallery

Titled Important Paintings and Sculpture, Pablo Picasso‘s latest solo exhibition at the Gagosian Gallery on Madison Avenue is a diverse collection spanning roughly 20 years of his work.  Though without a professed exhibition theme, like the landmark Mosqueteros, the works mainly hail from his years spent in the south of France, sharing pieces with his recent London exhibition The Mediterranean Years (1945-1962).


Installation view

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AO News Summary: Paris – 271 unknown Picasso works worth over $79 million found, Picasso family to sue over ownership

Tuesday, November 30th, 2010

A Pablo Picasso work unearthed in the recent discovery of 271 of the late artist’s work in Paris, France. Image courtesy The Telegraph.

In September, a couple boarded a train to Paris with a suitcase full of works by Pablo Picasso, including, as the New York Times reports, “several watercolors, dozens of lithographs, more than 200 sketches and 9 Cubist collages, in the hopes of having it authenticated by Claude Ruiz-Picasso, the artist’s son and the administrator of the Picasso estate.” The trip was at the request of the artist’s son after reading a letter Mr. Le Guennec had sent him requesting authentication.

The works’ owners are Pierre Le Guennec, 71, and his wife Danielle, 68. Mr. Le Guennec had worked as an electrician at three of the famed Spanish-born artists’s properties in the French Riviera in the early 1970s. The couple had kept the works in their garage for the past thirty plus years, but after Mr. Le Guennec’s recent surgery, they thought it best to evaluate the works for their children’s inheritance.

Instead of giving the authentication the Le Guennecs anticipated, Mr. Ruiz-Picasso contacted the Fight Against Traffic in Cultural Goods and his family’s lawyer, Mr. Jean-Jacques Neuer. Among heirs Mr. Neuer represents are Mr. Ruiz-Picasso, Picasso’s stepdaughter Catherine Hutin-Blay, and four others. A law suit was filed on September 23 claiming the works as stolen goods. Two weeks later, on October 5, the Le Guennecs were stunned to find the artworks seized from their home by police.

Pierre Le Guennec, retired electrician to Picasso, from whose house the works were seized by French police. Image courtesy The Guardian.

More story, images, and video links after the jump… (more…)

AO Onsite Auction Results: Christie’s Impressionist & Modern Evening Sale in New York Brings in $231.4M; Sets Records for Matisse & Gris (UPDATED WITH VIDEO)

Thursday, November 4th, 2010


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Henri Matisse, Nu de dos, 4 état (Back IV), conceived c. 1930 and cast 1978 (est. $25-35 million, realized $48.8 million), via Christies.com

Wednesday evening’s Impressionist & Modern auction at Christie’s in New York featured 84 lots (not including lot 27, which was withdrawn) that were expected to fetch between $198-286.6 million. The sale realized a total of $231.4 million and had a sell through rate of 80% by lot and 88% by value. Like the Sotheby’s sale  on Tuesday night, a handful of the top lots found buyers after enthusiastic bidding while the majority of lots were sold within or below presale estimates, or were bought in.

Still, the aggressive bidding that set two artists’ records was largely unexpected. Perhaps garnering the most post auction attention,  the sale of Matisse’s Nu de dos, 4 état (Back IV), an impressively sized bronze sculpture of a woman’s back, went to Larry Gagosian–on behalf of an anonymous client–for $48.8 million. Similarly, Violon et guitare, a 1913 painting by Juan Gris, generously outperformed its $18-25 million estimate, fetching $28.6 million from a European collector. Though the top buyers identities remain unknown, sources such as the New York Times have speculated the involvement of hedge fund billionaire and collector Steven A. Cohen, who was present at the event and has bought through Larry Gagosian in the past.


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The room fills at Christie’s Impressionist & Modern Evening Sale in New York, via Art Observed

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AO Onsite Auction Results: Sotheby’s Impressionist & Modern Evening Sale Realizes $227.5M; Sets Auction Record with $68.9M Modigliani Sale (UPDATED with VIDEO)

Wednesday, November 3rd, 2010


Amedeo Modigliani, Nu Assis Sur un Divan (La Belle Romaine), 1917 (est. $40 million, realized $68.9 million), via Sothebys.com

The fall auction season in New York kicked off on Tuesday evening with Sotheby’s Impressionist and Modern sale. The 61-lot auction carried a presale estimate of $195-266 million and realized $227,561,000. Just four lots accounted for more than half of the evening’s earnings, while 15 lots were bought in. Amedeo Modigliani‘s Nu Assis Sur un Divan (La Belle Romaine) was the top lot, bringing in a staggering $68.9 million and setting the record for a work by the artist at auction.


Aristide Maillol, Torse de L’Action Enchainée, 1861-1944, at auction (est. $500-$700 thousand, realized 2.9 million), via Art Observed

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More results and images after the jump…

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Don’t Miss – New York: ‘A Century of Picasso’ at Jan Krugier Gallery, through July 6, 2010

Thursday, July 1st, 2010


Pablo Picasso, Personnage, 1971, courtesy of Jan Krugier Gallery.

Currently on display at Jan Krugier is a presentation of roughly thirty Pablo Picasso works, which, when seen together, showcase the development of the artist’s style throughout his career. The works in the show are either a part of the Jan Krugier inventory or the Mariana Picasso Collection. Second only to the Musée Picasso in Paris, the Marina Picasso Collection is the largest grouping of works from Picasso’s estate. Jan Krugier has been the exclusive agent of the collection for the last forty years. Many of the works featured in “A Century of Picasso” have never before been shown in the United States.

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Go See – New York: 'Tanguy/ Calder: Between Surrealism and Abstraction' at L & M Arts through July 9th, 2010

Tuesday, June 29th, 2010


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Tanguy/ Calder: Between Surrealism and Abstraction, Installation view. Image via L & M Arts.

In 1942, Peggy Guggenheim wore one earring by Yves Tanguy and one by Alexander Calder to the opening of Art of This Century; a year later, Pierre Matisse presented the artists in adjacent rooms of his gallery.  In the 1940s, critics began to notice the aesthetic likeness of the artists’ work, including mutual biomorphic designs in paintings and sculptures.  The colloquy and stimulus inspired by the pair’s mutual Connecticut community is explored in this extensive, two-floor exhibition.  Tanguy/ Calder: Between Surrealism and Abstraction at L & M Arts celebrates the creative relationship between these two artists, presenting their works from the 1930s-1950s alongside photographs and previously unpublished documents that testify to the collaborative aspect of their rapport and seamlessly harmonizing abstraction and Surrealism.
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AO AUCTION PREVIEW: HIGH HOPES FOR SOTHEBY’S & CHRISTIE’S CONTEMPORARY ART AUCTIONS THIS WEEK

Sunday, June 27th, 2010


Yves Klein, Re 49, 1961 via Sothebys.com

Expectations are high for this week’s Contemporary Art auctions at Sotheby’s and Christie’s in London.  The auctions, which will take place between June 28th and July 1st, will feature sought after works by several important artists, including Yves Klein, Gerhard Richter, Andy Warhol, Jeff Koons, Richard Prince, Lucio Fontana, and Jean-Michel Basquiat.  The strength of the works being sold is the result of buoyed seller confidence following a recent series of record-breaking auction results, such as the sale of a Picasso for $106.5 million in May at Christie’s in New York and 43.2 million euros for a Modigliani sculpture this month at Christie’s in Paris.  Sotheby’s evening auction carries a low estimate of £38.3 million for 53 works, while the Christie’s Post War and Contemporary evening sale carries a low estimate of £40.9 million for 63 lots.  Last summer’s Contemporary Art sale at Sotheby’s, which was expected to bring between £19.8-27.4 million, brought in £25.5 million for 40 lots. The comparable Christie’s auction last year brought just over £19 million for 40 lots with a low estimate of £17.4 million.

At Sotheby’s, all eyes will be on an Yves Klein sponge painting from 1961 titled Re 49 and dedicated to the artist Charles Wilp.  This large-scale work comes from the collection of the Munich-based HypoVereinsbank and is estimated to bring £4.5-6.5 million.

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AO Auction Results: Christie’s Impressionist and Modern Works; a large number of works fail to sell at the most valuable art auction ever held in the U.K., June 23, 2010

Thursday, June 24th, 2010


Picasso’s Portrait d’Angel Fernandez de Soto sold to an anonymous telephone bidder for £34,761,250 – the 2nd highest price for a work of art sold by Christie’s in London (est. £30-40million)

Last night Christie’s held London’s biggest ever art auction when 46 Impressionist and Modern works racked up £153 million ($227 million), but the total was off from the pre-sale estimate of £164-231 million. While nearly quadrupling the anemic $60.4 million brought in by Christie’s at the same sale last June, tonight’s results suggest that while the art market may have recovered, pricing points are still a moving target. The sale was dominated by UK and European bidding – that includes Russia and former Eastern Bloc countries – which bought 55 percent of the lots sold, the U.S. accounted for 40 percent, and Asia for the remaining five percent. The sale saw only 46 of the 62 lots on offer sell, for a buy-in rate of 25 percent by lot and just 26 percent by value. Eight lots sold for over five million pounds and 31 broke the million-pound mark (37 works sold over $ 1million).

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AO Auction Results: Sotheby’s Impressionist and Modern evening sale in London headlined by record-breaking Manet sale with foundering results for many lots

Wednesday, June 23rd, 2010


Self-Portrait with a Palette, Edouard Manet sold for a record £22,441,250 (est. £20-30 million) Image via Sotheby’s

Sotheby’s Impressionist & Modern sale last night marked a sluggish start to the summer auction season in London as sixteen of the 51 lots offered failed to find buyers. In percentage terms, 31 percent went unsold by lot and 16 percent by value. The sale totaled £112,101,350 ($165,282,230) – surpassing the low end of the pre-sale estimate of £101 million ($150 million), but far off the £148 million ($220 million) high estimate. The total is the third-highest ever achieved for an Impressionist and Modern evening sale at Sotheby’s in London and stands in stark contrast to the £33.5 million realized in June 2009. In another encouraging sign of a surging market, nineteen lots fetched over a million pounds, and of those, three made over ten million pounds. In all, four artist records were set. The sale was topped by the cover-lot Edouard Manet‘s Self-Portrait with a Palette, which reportedly sold to the New York based dealer Frank Giraud for a record £22,441,250 ($33,087,379). The previous Manet record was set at Christie’s when La Rue Mosnier Aux Drapeaux sold for $26.4 million in 1989. The work, consigned by hedge-fund billionaire Steven A Cohen, had been estimated to fetch between £20 million and £30 million.

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AO Auction Preview: Christie's and Sotheby's hold their biggest ever sales of Impressionist and Modern art in London

Monday, June 21st, 2010


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Nymphéas, Claude Monet (est. £30 – 40million)

The June sales in London are packed with potentially record-breaking Impressionist and modern works that are expected to fetch a combined total of £300-450 million. If the pre-sale estimates are realized, these the most lucrative series of auctions ever held in London, easily surpassing the £298 million realized in June 2008 before the global economic meltdown during which the June sales achieved just £96 million. Giovanna Bertazzoni, Director and Head of Impressionist and Modern art at Christie’s, London has noted the recent confidence renewed in vendors in light of the the strong results witnessed at auction over the last year, “we are witnessing a great willingness from clients to consign works of art of the highest quality. There is a fierce international demand in the art market, particularly for the rarest and the best, and the market itself is now truly global as illustrated at our auction in New York in May where we saw bidding from Russia, China and the Middle East, as well as from Europe and the Americas.


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Portrait of Ángel Fernández de Soto, Pablo Picasso (est. £30-40million)

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AO on site – Final installment and news summary – Art Basel, Switzerland, sets attendance records, sets very positive tone, concludes

Monday, June 21st, 2010


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Quilt by Alexandre da Cunha, and Six Billboards by Angus Fairhust, Art Basel.  Image via Art Daily, AP Photo/Keystone/Georgios Kefalas.

Yesterday marked the end of the most highly-attended Art Basel to date. The 41st annual contemporary art fair boasted 306 galleries from 36 countries, and AO was on site to peruse the work of some 2,5000 artists.  62,500 dealers, collectors, curators, high-profile shoppers, artists, and art appreciators navigated installations, browsed gallery booths, mingled, and enjoyed the city of Basel.  Artists, established and newcomers both, showcased works ranging from Polaroids to performance pieces, paintings to videos, sculptures to large-scale installations.  A social and teeming affair with an obvious commercial edge, Basel’s sales were optimistic.  Picasso, Warhol, Prince, Hirst, de Kooning, Pollock, and other similarly established artists reigned supreme as the focus of this year’s event.  Franck Giraud, a New York dealer, spoke to the New York Times about the lack of prominently featured up-and-comers: “Is it because that’s what the market wants, or is it because dealers didn’t want to take risks? I think it was a bit of both.” Nonetheless, certain galleries used Basel as a platform to introduce new artists and show off their latest signings.

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AO News RoundUp: Five Modern Masterpieces, valued at up to $613 million, stolen from the Museum of Modern Art in Paris

Friday, May 21st, 2010


La femme a l’eventail (Lady with fan), Amedeo Modigliani

During the early hours of the morning on Thursday, May 20, five paintings by Picasso, Matisse, Georges Braque, Amedeo Modigliani and Fernand Léger were stolen from the Paris Museum of Modern Art (MAM – Musée d’Art moderne de la Ville de Paris). CCTV caught a single masked intruder entering the museum by a window, removing the works from their frames and then leaving with the loot, all in under fifteen minutes. The stolen works are Henri Matisse’s La Pastorale, Georges Braque’s L’olivier pres de l’Estaque, Amedeo Modigliani’s Woman with a Fan; Fernand Leger’s Still Life with Chandeliers; and Pablo Picasso’s Le pigeon aux petits-pois (The Pigeon with the Peas) – an ochre and brown Cubist oil painting that is estimated to be worth €23 million alone. Various reports have valued the missing works at anywhere from €100 million to €500 million ($126–635 million) – dealers and officials are currently debating the price of the works that had long been held in the public trust. This morning, embarrassed officials at the City Hall in Paris outlined a number of significant security blunders that made pulling off “one of the biggest thefts in art history” as simple as removing a reinforced window. The City Hall officials, who were officially in charge of the permanent collection, admitted that a partial malfunction of its alarm system had been reported on March 30, at which point it was shutdown without repair. Furthermore, Paris prosecutors confirmed that the entire theft was captured on film, but security guards have told police that they ‘saw nothing’, prompting investigators to believe they had been asleep. Ordering an ‘internal administrative inquiry’, the city’s mayor, Bertrand Delanoë, told the UK’s Daily Mail that ‘all have questions to answer.’


Police officers search for clues on the frames of the stolen paintings outside the Paris Museum of Modern Art yesterday. Image via WSJ

More images and a full round-up of links after the jump….
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Go See – New York: Pablo Picasso ‘Picasso: Themes and Variations,’ Museum of Modern Art through August 30th, 2010

Monday, May 17th, 2010


The Bull, state VII (Le Taureau), Pablo Picasso, December 26th, 1945. Lithograph, Museum of Modern Art, via the MoMA.

“Picasso: Themes and Variations,” at the Museum of Modern Art on West 53rd Street, presents 123 prints from the museum’s collection, representing the major developments in Pablo Picasso’s work and providing insight into decades worth of artistic experimentation.  The exhibition explores the artist’s creative process, following his prints from the early 1900’s Blue and Rose periods through his Cubist discovery.  The collection spans almost 20 themes, including animals, saltimbanques, and mistresses.

More text, image and related links after the jump…
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AO Onsite – New York: Sotheby’s Impressionist and Modern Art Evening sale provides another boost of confidence for the recovering art market

Thursday, May 6th, 2010


Tobias Meyer, International Head of Sotheby’s contemporary art department. leads the Impressionist and Modern evening sale last night.

As with Christie’s historic sale of Picasso’s Nude, Green Leaves and Bust for a record $106.5 million on Tuesday evening, Sotheby’s Impressionist and Modern evening sale last night struck another strong note for the recovering art market.  The sale achieved $195,697,000, nearly reaching the high end of the pre-sale estimate ($141 – 204 million).  Fifty of the 57 lots offered sold.  Forty-three works achieved prices over $1 million, ten works exceeded $5 million, four works brought prices over $10 million, and two works sold for over $15 million; two artist records were broken. That compares very favorably to the 36-lot sale that generated $61,370,500 at Sotheby’s last May. Despite a packed salesroom, absent bidders on telephones dominated the evening’s sales – while a constant feature of this secretive market where anonymity is key, the many languages spoken by Sotheby’s representatives on the telephones last night acted as a strong indicator of the global demand for these top-quality works. Most notably, Asian buyers dominated the phones – pushing-up the prices of many of the night’s big sales and eventually winning four of the top ten lots.


Bouquet de fleurs pour le Quatorze Juillet, Henri Matisse Estimate: $18 – 25 million. Price Realized: $28,642,500.

More images, related links and a full report after the jump….
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AO Onsite Auction Results – New York: Art Market History witnessed at Christie’s Impressionist/Modern evening sale

Wednesday, May 5th, 2010


Les buveurs d’absinthe (Les Déclassés) by Jean-Francois Raffaelli quadruples its pre-sale estimate of $400-600,000 and sells for $2,994,500 at Christie’s Impressionist/Modern sale.  Photo by Art Observed.

The art market received another, enormous boost of confidence last night at Christie’s Impressionist and Modern evening sale, as Picasso’s Nude, Green Leaves and Bust (1932) sold to anonymous telephone bidder for a record-breaking $106,482,500. The staggering price comes hot on the heels of Sotheby’s historic sale of Alberto Giacometti’s iconic bronze, L’Homme Qui Marche I (1961), for $104,327,00 in February this year. The Picasso helped drive the sale’s overall total to $335,548,000, making it the third biggest sale ever witnessed at Christie’s in New York.  Of the 69 lots offered, 56 sold with over 30 lots exceeding $1 million, and of those, 9 exceeded the $10 million mark. Nude, Green Leaves and Bust was part of a 27-lot single-owner sale from the collection of Mrs. Sidney F. Brody, a noted Los Angeles collector.  The Brody group was 100% sold by lot and value and realized $224,177,500 making it the biggest single-owner sale offered at Christie’s New York, surpassing the landmark sale of the Collection of Victor and Sally Ganz sale in 1997, and coming second only to the mammoth Yves Saint Laurent/Pierre Berge sale that made $443 million at Christie’s, Paris in February 2009.

More images, a detailed report and related links after the jump….
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AO Auction Preview – New York: The Spring Auctions begin tonight with the highly anticipated sale of Picasso’s ‘Nude, Green Leaves and Bust’

Tuesday, May 4th, 2010


Nude, Green Leaves and Bust, Pablo Picasso (1881-1973)

The spring auctions in New York, which form the bellwether of the art market, get under way tonight with the Impressionist and modern art sale at Christie’s.  Over the next two weeks, Sotheby’s, Christie’s and Phillips de Pury & Co are offering up to $1.2 billion of Impressionist, modern and contemporary art – twice as much as they sold last May. During the Impressionist and modern evening sales in May 2009 only three works carried price tags of $10 million or more – this month 10 works by Edvard Munch, Alberto Giacometti, Pablo Picasso and others are priced as high. Another six works are expected to fetch at least $5 million, up from four a year ago.  Judging by these optimistic pre-sale estimates, the auction houses clearly hope that things will play out as they did three months ago in London when Sotheby’s set the record for any work of art ever sold at auction with the $104 million sale of Alberto Giacometti’s L’Homme qui marche I to Lily Safra, wife of the late Lebanese banker Edmond Safra.  Now a Pablo Picasso nude bears the largest pre-sale estimate in history ($70m to $90m) and an anonymous third-guarantor who has agreed to bid at least $70 million (that’s more than the auction house got last fall for its entire evening sale of Impressionist and modern art). Christie’s are set to dominate the fortnight because of two art-stocked estates. Tonight, paintings and sculptures owned by the late Los Angeles collector Frances Brody are expected to fetch as much as $194 million.  98 lots from the estate of the bestselling author and filmmaker, Michael Crichton, are estimated to sell for as much as $75 million and form the backbone of their Post-War and Contemporary Art Evening Sale on Tuesday, May 11.

More images, text and related links after the jump…. (more…)

AO On Site – Picasso’s Paris in Philadelphia and New York: “Picasso and the Avant-Garde in Paris” at the Philadelphia Museum of Art through April 25, 2010, and at the Guggenheim “Paris and the avant-garde: Modern Masters from the Guggenheim Collection” through May 12, 2010

Saturday, April 10th, 2010


At PMA, “Head of a Woman” (1937-38). Estate of Pablo Picasso / Artists Rights Society (ARS), New York.

AO visited the Philadelphia Museum of Art and the Solomon R. Guggenheim Museum in New York, which are both showing survey exhibitions of the avant-garde in Paris in the early twentieth century. “Picasso and the Avant-Garde in Paris,” at PMA, is an exhaustive display of thirty years of Picasso, from 1905 to 1945, following him through the development of Cubism and artist communities in Paris. The Guggenheim’s show is smaller and less concentrated on Picasso; it includes thirty works by Picasso, Léger, Chagall, Braque, and more, where the PMA’s 200-strong exhibition includes works by Picasso collaborators and contemporaries as they interact with his own.


At the Guggenheim, Pablo Picasso, “Mandolin and Guitar (Mandoline et guitare)” (1924). Oil with sand on canvas Solomon R. Guggenheim Museum, New York  Estate of Pablo Picasso/Artists Rights Society (ARS), New York

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Don’t Miss – Athens: Pablo Picasso “Experiments in Linogravure” at Gagosian Gallery, Athens through April 10, 2010

Thursday, April 8th, 2010


Faunes et chèvres by Pablo Picasso  1959   All images via Gagosian Gallery unless otherwise noted

Currently on view at Gagosian Gallery, 3 Merlin Street, Athens is an exhibition titled ” Pablo Picasso:Experiments in Linogravure”. This comprehensive  show explores the late Picasso’s experiments with linogravure, a particular kind of printing technique that he favored during the final years of his creative activity. The exhibition is on view until May 1, 2010.

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AO Auction Results – London: Christie’s Impressionist and Modern Evening Sale, February 2, 2010

Wednesday, February 3rd, 2010


Tête de femme (Jacqueline), Pablo Picasso. Estimate $4,845,000 – $6,460,000 Price Realized:$12,887,348. Image via Christie’s

Christie’s Impressionist and Modern Art Evening Sale and the auction of Art of the Surreal took place last night in London and fetched $122,167,093, over a pre-sale estimate of $87 – $124million.  The sale illustrated a buoyant market in reflection of last year’s equivalent sale that raised $101 million as buyers and sellers held back in the financial crisis. Another observation is the continuing appetite for important works of art – most specifically large, colorful works fresh to the market from long-established private collections. Competitive bidding for 4 works by important artists Picasso, Kees van Dongen and Natalia Gontcharova pushed prices over £5 million – in total 21 lots realize over £1 million, compared to 26 at both last year’s major London sales combined. Despite recent musings on buyers in China’s ascendant economy who are displaying a new appetite for 20th Century Art, Thomas Seydoux, Christie’s international head of Impressionist and modern art, was most surprised by the amount of bidding from Russian and former Eastern Bloc buyers who dominated the action on the telephone – only 2% of lots were sold to Asian buyers in relation to 25% UK, 48% Europe and 25% Americas.

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AO Auction Preview – London: The January Modern and Impressionist Auctions Begin Tomorrow at Christie’s

Monday, February 1st, 2010


Kirche in Cassone (Church in Cassone), Gustav Klimt via Sotheby’s

Masterpieces by Pablo Picasso, Gustav Klimt and Henri Matisse that have been unseen for decades will go under the hammer this week at Christie’s and Sotheby’s in London at the first major European auctions of 2010. The appearance of many top-quality, ‘lost’ works marks a distinct change in the attitude of sellers who have been encouraged to put their prized works on the market by the recent success of Impressionist and Modern Art sales – most notable is Sotheby’s November Impressionist and Modern sale in New York that exceeded all expectations when it realized $182m over a high-end estimate of $163m. The sales kick-off with Christie’s Impressionist and Modern Art evening sale on February 2 that will offer 86 lots with a total pre-sale value of £56,505,000 to £80,805,000. The sale is led by works by Kees van Dongen, Natalia Goncharova, Pablo Picasso and Henri Matisse. Sotheby’s evening sale of Impressionist and Modern Art on Wednesday, February 3 is smaller with only 39 lots but the target of £102million is considerably higher. This high estimate is excelled by three works from Gustave Klimt, Alberto Giacometti and Paul Cézanne that are individually estimated to realize more than £10 million – the auction house sold three works for that price across all categories all last year.

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AO Breaking News – Pablo Picasso Painting Incurs 6-inch Tear at Metropolitan Museum of Art, New York

Monday, January 25th, 2010

Pablo Picasso's The Actor

A Pablo Picasso painting at the Metropolitan Museum of Art was damaged last Friday, Janauary 22, when a woman attending an adult education class lost her balance and fell into the piece. “The Actor” (1904-5) incurred an irregular vertical tear 6 inches in length in the lower right-hand corner.

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Newslinks for Friday January 15th, 2010

Friday, January 15th, 2010


New MOCA Director, Jeffrey Deitch. Via LATimes

More on  MOCA’s new director, Jeffrey Deitch, who brings his more business-oriented background to the Museum in LA: [Bloomberg] Deitch’s contract with the museum has certain safeguards against conflicts of interest that might arise from his foot in the business world– among the new rules, Deitch must notify the museum’s board of anything he adds to or sells from his collection. [LATimes]

Eli Broad and his Broad Art Foundation reveal that they are considering 3 different Westside locations on which to build and endow a museum for his art collection. The third site was recently revealed as being a ten-acre parcel on the campus of West LA College in Culver City.  [LA Times]

Works by Picasso and Henri Rousseau have been stolen from a private villa in the South of France, marking the country’s second major art robbery in that week– (work by impressionist painter Edgar Degas was stolen from the Cantini Museum in Marseilles only days before). [FT]

To stay apprised of the latest relevant news of the art world…

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Art Observed Newslinks For Wednesday December 16th, 2009

Wednesday, December 16th, 2009


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Tacita Dean’s Christmas tree, ‘Weihnachtsbaum‘ at Tate Britain via Zimbio

The Tate has been embracing the Christmas spirit this week with a series of headlining seasonal happenings.  The Tate Christmas Tree 2009, “Weihnachtsbaum” designed by Tacita Dean, shocked critics by actually appearing “Christmassy”[Bloomberg]  This weekend, Tate Modern’s vast Turbine Hall was taken over by Rob Pruitt‘s festive ‘Flea Market’ – originally held at Gavin Brown’s Passerby gallery in New York in the late 1990s, this event was programmed to coincide with the Tate Modern exhibition Pop Life: Art in a Material World, in which Pruitt also appears [POP Magazine]

Italian police have seized works of art belonging to Carlisto Tanzi – founder of the Italian firm Parmalat who collapsed in a massive fraud scandal in 2003. The 19 paintings and drawings, included works by Picasso, Monet and Van Gogh, and is estimated to be worth more than 100million euros [BBC News]


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Antony Gormley’s Event Horizon that will appear in New York’s Madison Square Park in March 2010 via ArtInfo

Antony Gormley has announced plans to install 31 nude sculptures cast from his own body in and around Madison Square Park in Manhattan’s Flatiron District beginning March 26 [NY Times]

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