Monkeys (Ladder) (2003) by Jeff Koons. Sold for £1.38 million ($2 million) against estimates of £1.4 million to £2 million.

Following last week’s encouraging results, Christie’s post-war and contemporary auctions could only be described as lacklustre, while not entirely disheartening.

The auction realized a total of £8,392,750, or $12,085,560, with 79% of lots being sold. While still somewhat robust, it pales in comparison to last week’s figures which tended to be in the 90% range. 48% of the 29 lots were sold above their estimates, with one work of auctioned for over £1 million. European buyers put in a strong showing, comprising 66% of auction participants, with the remainder breaking down as follows: 4% UK, 27% Americas and 4% Asia.

Jeff Koons’ playful Monkeys (Ladder) was the highest priced lot, pulling in £1.38 million ($2 million) against estimates of  £1.4 million to  £2 million–just barely falling short of the lower estimate.  The oil on canvas piece forms a part of the artist’s Popeye series, and was offered for auction for the first time during the evening sale.

Two of the highest profile lots on auction failed to sell. A lot by Francis Bacon, Man in Blue IV, went unsold–considered by the auction house and several dealers who were present as “perhaps too academic.” The sitter is an unknown man who Bacon is thought to have had an affair with at the Imperial Hotel in Henley-upon-Thames, where the painter resided for some time.  His features are obscured and more attention is given to his clothing, posture and form. The  lot was expected to sell for between £4 million and £6 million, which would have made it the priciest lot on sale.

Mark Rothko’s lot also went unsold. Green, Blue, Green on Blue, from 1968, was expected to bring in between £2.5 million and £3.5 million, and would have been the second highest priced lot after Bacon’s.

Christie’s Sale Total Halves; $12.2 Million Rothko, Bacon Fail [Bloomberg]
Francis Bacon portrait fails to sell at auction [Telegraph UK]
Christie’s Auction of Post-War and Contemporary Art Realises $12.1 Million [ArtDaily]
The Golden Rain Dries Up at Christie’s [ArtInfo]

(more…)

The Museo Universitario de Arte Contemporáneo in Mexico City via panoramio.com

Mexico City opens a new 3,300 sq. m, $20 million contemporary art museum [TheArtNewspaper]
Sculptor Richard Serra awarded the Order of Arts and Letters of Spain [ArtDaily]
A Sotheby’s video offers refreshing transparency into its process in the current environment [Sotheby’s]
In more video, Takashi Murakami on money and art, New York vs. Tokyo and more [TMagazine – The Moment]
And finally, video of Damien Hirst on his Statuephilia installation in London [Aarting]

Tom Sachs opens his online store [tomsachs.org via supertouch]
Gallerist/web presence Edward Winkleman announces his book ‘How to Start and Run a Commercial Art Gallery’ [edwardwinkleman]
The Louvre finds 3 possible Leonardo Da Vinci drawings on the back of his painting [Bloomberg]

Gallerist Mellissa Bent, artist Hope Atherton and artist Georgia Sagri make the scene at Rivington Arms via ArtForum

On the closing of Lower East Side Gallery Rivington Arms [ArtForum] more on this here [NYObserver]
Similarly, the International Asian Art Fair is canceled [ArtInfo] Galerie Emmanuel Perrotin Miami, opened in 2005, will also close [ArtLurker]

The installation entitled ‘Moscow on the Move’ via the Guardian

Dasha Zhukova and the Moscow Garage organize a 17-artist public video installation which includes work by Doug Aitken, Fischli and Weiss and Pippilotti Rist [GuardianUK]

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…)

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]

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]

“Untitled, boxer” (1982) by Jean-Michel Basquiat, sold by Metallica band member Lars Ulrich for $13.5 million via Artnet

CHRISTIE’S POST-WAR AND CONTEMPORARY ART, New York, Wednesday, November 12th

Total Lots Offered: 75
Total Lots Sold: 51
Total Sales Value: $113.62 million
Total Sales Pre-Auction Estimate: $227 million

Christie’s New York sale of contemporary art, held on the evening of Nov. 12, 2008, was dominated by American buyers and totaled $98,480,000 ($113,627,500 with premium) or about half of the low value of its estimate of $227,150,000 to $321,350,000. 51 of 75 lots sold, or 68%, with nearly a third failing to sell. Two lots sold for over $10 million, and 32 lots sold for over 1 million dollars. Buyers were 60% American, 18% European and Russian, 0% Asian and 24% “other.” Notable attendees were tennis legend John McEnroe and billionaire Eli Broad.

Like Sotheby’s evening sale a day before, Christie’s was also damaged by its guarantees of 39 lots when 12 were brought in with a combined low estimate of $48 million, (typically a price near where an auction house will guarantee). The total guaranteed low estimate was $90 million. Overall, 24 of the 75 lots failed to find buyers which indicates a buy-in rate of 32% by lot and 55% by value. The total for this sale does not compare well to Christie’s fall contemporary sale in 2007 which totaled $325 million. Christie’s reportedly reduced their reserves and as such 52% of the lots sold below the low estimate.

Several new auction records were set, including those by Paul McCarthy and Robert Irwin, however, prices were generally below pre-sale low estimates. Some positives came from the sale including a $15 million Richter and a $13.5 million Basquiat as well as new auction records for Joseph Cornell and Yayoi Kusama. The headliner lot Francis Bacon’s Study for Self-Portrait was unsold against a low estimate $40 million or more, but no bid approached even $30 million. Many other major lots went unsold, including five sequential lots including three Warhols and a Richter valued at up to $10.0 million to $15 million.

Credit crunch hits the art market [Guardian]
Mixed Results for Contemporary Art Sale at Christie’s [NY Times]
Christie’s New York Auction Sells 68% of Contemporary Artworks [Bloomberg]
Lehman’s Fuld and Wife Sell Drawings Below Estimate [Bloomberg]
Francis Bacon portrait pulled from sale after failing to attract bids [Telegraph UK]
Art market in shock as Christie’s calls halt to Francis Bacon sale [TimesUK]
Art Market Watch – $113.6 million at Christie’s Contemporary [ArtNet]
Crappy Art Market Fails to Take Revenge on Richard Fuld [NYMag]
No Bailout at Christie’s [Artinfo]
The art of avoiding the credit crunch [GuardianUK]
Credit crunch hits the art market [GuardianUK]

more with pictures after the jump…

(more…)

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

Banksy’s controversial One Nation Under CCTV via hutley.net

Banksy issues a statement on London City removal of his CCTV work [Time via TWBE] and a video of Banksy’s pet store/charcoal grill in NYC [Wooster Collective]
At the Whitney: Leonard Lauder, Cindy Sherman, Mary Boone, Donatella Versace, Christina Ricci, Sting and assorted socialites show up for the Gala and Studio Party [ArtInfo]
Art and Commerce: Julian Schnabel, sponsored by Mastercard, completes portrait of sweepstakes winner [Tradingmarkets]
A quiet but strong video of Jenny Holzer at the Guggenheim, New York [Vernissage.tv]
Takashi Murakami, a bit hurt perhaps from the his Phillips Frieze auction, comments on the art market: “Everyone is very nervous. Everything is negative” [NYMag]
And in the latest in Damien Hirst: the Guardian quotes his art market comments from four years ago: “they would sell your granny to Nigerian sex slave traders for 50 pence and a packet of woodbines” [GuardianUK] his cover art for British band The Hours [Brand Republic] and Sarah Thornton has a thorough summary of Hirst and some of his series: “he faces all the problems of an aging rock star” [TheArtNewspaper]

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

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

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

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

(more…)

Cory Arcangel’s “Golden Ticket” to the 2008 Frieze Art Fair via Artnet

With over 150 galleries, The Frieze Art Fair, set in London’s Regent’s Park, began selling works by over 1,000 artists on October 15. Since its first year in 2003, the Frieze fair has grown to be regarded as the youngest and perhaps the most cosmopolitan and cutting edge of the global fairs, which include Art Basel, Art Basel Miami Beach and the Venice Biennial. The fair, which runs until the 19th of October, and the London auctions that will occur this evening and this coming weekend, mark the first major opportunity for transparency into the the status of the global art market since the widespread financial turmoil began. Following Damien Hirst’s groundbreaking, clearing house, £111.5 million, direct-to-market auction of his own work at Sotheby’s last month (as covered by ArtObserved here) the market has had some clouds brewing over it, with beginning indications of weakness manifesting in events such as Sotheby’s lackluster first evening sale of contemporary Asian art in Hong Kong earlier this month (as covered by ArtObserved here), which sold £7 million against expectations of £30 million to another auction that same weekend in which Sotheby’s sale of modern 20th-century Chinese art left over a third of the lots unsold. More recently, the Singapore Art Auctions were also a dissapointment.

London’s Frieze Prepares for a Chill [Wall Street Journal]
Crisis Imperils U.K. Art Fairs, $183 Million Sales, Dealers Say and Auction Houses Guarantee Top Lots; Dealers See Falling Demand and Paltrow, Saatchi, Zhukova Browse Frieze Art as Sales Go Slowly, Aguilera Parties, Damien Hirst Has a Head Case: London Art Buzz [Bloomberg]
Deep Frieze: UK’s hottest art fair braces itself for the chill of the banking crisis and Prank canvas [GuardianUK]
Frieze Art Fair: Super-rich to cast economic crisis aside and Andy Warhol’s Skulls up for auction [Telegraph]
All the fun of the fairs: the art world gathers for Frieze [Independent]
The Post-Materialist | Frieze Art Fair [TheMoment]
Diary: Frieze Frame [ArtForum]
Frieze Factor [Artnet]
Frieze: First night blur [ArtReview]
Frieze Art Fair 2008 [Frieze Art Fair]

(more…)

Rubens’ The Apotheosis of James I – via the TimesUK

Before deadline, Tate raises £5.7m to keep Flemish master Paul Rubens sketch The Apotheosis of James I [GuardianUK]
The Queen’s composer Sir Peter Maxwell Davies declared Damien Hirst’s art to be “bejewelled trinkets” [TimesUK]
Takashi Murakami’s bi-annual Geisai Fair, an upstart artist free for all, drew 1,176 applicants [TheArtNewspaper]
A weighty review of Louise Bourgeois’s art as: “a comprehensive assault on my sense of wellbeing” [GuardianUK]
An insightful summary of where the art market is headed [Wall Street Journal]
With his show at the Serpentine, Gerhard Richter interviewed [The National via ArtMarketMonitor]

Sotheby’s (NYSE: BID) 1-year stock chart, via Yahoo! Finance

Sotheby’s (BID) stock declined by 14% on Monday, October 6th, 2008, to close at the lowest levels since July 2005 according to Bloomberg.  By ArtObserved’s calculations, Sotheby’s has lost more than 75% of its value since falling from its October 12th, 2007 high of $57.12 to today’s close of $13.86.  Besides the general buckling of the US Stock markets, Sotheby’s stock’s decline has presumably also been due to concerns about the buoyancy of the art market (as specifically reflected in this past weekend’s Asian art sales by Sotheby’s) which some analysts consider to be overheated and on the verge of a decline, especially in light of the global financial contagion.  Despite the overwhelming success of the landmark Damien Hirst direct to market auction less than a month ago in London (as reported by AO here), overall in the past month, Sotheby’s shares have dropped three times that of Standard & Poor’s 500 Index.

Evidence supporting the decline in the market is mounting: several recent auctions have failed to make the grade, including one recently featuring previously extremely in-demand artwork of Banksy. Some hoped that the continued influx of funds into the art market from collectors in ‘new markets’ such as Russia, China, India and the Persian Gulf, would prop up prices in Western markets and in burgeoning domestic contemporary art scenes. The results of Sotheby’s fall sale of Asian contemporary art however, selling a sector of the market which had previous momentum that seemed relentless, poke holes in that assertion. The auction failed to sell 19 of 47 of its headline lots, including pieces by Subodh Gupta, Zheng Xiaogang, Yue Minjun and Takashi Murakami. “Today’s results aren’t acceptable, they’re very poor. The contemporary Chinese art market has raced ahead too quickly and now people can’t prop it up anymore,” a Taiwanese dealer was quoted as saying in the Wall Street Journal.

Hong Kong tests art buyers’ courage [Financial Times]
Weak Sales for Sotheby’s in Hong Kong [Wall Street Journal]
Sotheby’s Shares Fall Amid Concern About Art Market [Bloomberg]
Top Lots Shunned in Post-Lehman Art Sale at Sotheby’s Hong Kong [Bloomberg]
Chinese contemporary art palls in Sotheby’s HK sale [Reuters]
Pop Goes the Bubble in Chinese & Indian Art [BusinessWeek]
Credit crunch crushes art auction [BBC]
Sotheby’s Sale of Modern and Contemporary Southeast Asian Paintings Brings US$9,165,947 [ArtDaily]
Sotheby’s Website

(more…)

Shepard Fairey via the NYTimes

Street art legend Shepard Fairey shadowed in action by the New York Times[NYTimes]
Art as an unexpected hedge amongst billionaires in uncertain times, and Sarah Thornton has more on this here [Forbes] [TelegraphUK]
Levi’s to launch limited edition jeans featuring Murakami’s flowers [Nylon]
Ex-wife of Jeff Koons/former porn star/Italian parliament member gets to keep her son [Bloomberg]
Flea market purchase revealed to be work by 17th-century Flemish master Pieter Brueghel the Younger [GuardianUK}
Art Market Blog offers another view to market conclusions drawn from last week’s Kate Moss, Banksy auction,  previously covered by Art Observed here [Art Market Blog] 
A guide to buying contemporary art[TimesOnline]

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

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

Christie’s: Post-War and Contemporary Art Evening Sale
Christie’s: Press Release for Post-War and Contemporary Art Evening Sale
Fontana work may fetch $21.8 million in Record Christie’s Sale [Bloomberg]
Bacon Portrait Expected to Sell for £7.5 million at Christie’s Auction in October [ArtObserved]

(more…)

Whitney Expansion plans via Culturegrrl

Whitney hits milestone for expansion approval, but will it be funded? [The New York Sun]
Video of a Jeff Koons-guided tour through his Versailles installation [VernissageTV]
Art and wine, a solid investment in financial turmoil? [The Wealth Report/WSJ]
Large and quiet, a new contemporary art space in Bologna [Times UK]
A monochromatic art book for babies features Hirst and Murakami [Guardian]
$730,000 Renoir, stolen from a Milanese family, is recovered [New York Times]
In related news: Lawyer sentenced who hid $30 million in stolen art, including a Cezanne, for 30 years [The Art Newspaper]

–>
Baroque Egg with Bow (2006), Jeff Koons via Gagosian

New York art magnate Larry Gagosian brings an eclectic mix of avant-garde art to Moscow in his new show, For What You Are about to Receive. Entitled in spirit of the Bolshevik revolution, “Red October” is the name given to the former chocolate factory in which Gagosian Gallery will showcase over 100 works by approximately 50 post-war artists. Never-seen works by Jeff Koons, Anish Kapoor, Cy Twombly, Richard Serra, and Edward Ruscha will be included in addition to works by Roy Lichtenstein, Alexander Calder, Alberto Giacometti, Takashi Murakami, Aaron Young, and Yayoi Kusama. A statement by the gallery maintains that the exhibition, “investigates the twin pillars of twentieth century art: the readymade and pure abstraction, reflecting on the sublime through a self-conscious engagement with material and process.” For What You Are about to Receive is Gagosian’s second showing in Moscow, following an auspicious exhibit at Barvikha Luxury Village one year earlier. The show also inaugurates “Red October” as a new contemporary arts center in Moscow, however, Gagosian denies inquiries about opening a permanent establishment in the city.

Gagosian Plans Moscow Show in Former Chocolate Factory [Artinfo]
–>
For What Your Are About to Receive [Gagosian]
–>
Gagosian To Host Second Moscow Exhibit [NYSun]
–>
Gagosian Gallery in Moscow [Artnet]

(more…)

Kanye West and his new music video “Good Morning” via Chicago Sun Times

The hip-hop artist Kanye West ‘s video for Good Morning directed by Takashi Murakami is now released and available to be purchased on Itunes. Depicting Kanye as an animated bear, the video follows a narrative of Kanye’s eventful trip to his graduation ceremony.  Japanese contemporary pop artist Murakami created the video in his signature style of animated graphics: characters portrayed as cute cartoons in a surreal environment.  Murakami has collaborated with Kanye West in the past and is the cover artist for the Kanye West album, Graduation.   Murakami is aggressive in his collaboration with fashion brands such as Louis Vuitton, but the relationship of Kanye and Murakami is an interesting fusion of two streams of pop culture that may perhaps be even more pervasive globally in the end.

Kanye West’s new video, “Good Morning” [SunTimes]
Video Premiere: Kanye West’s ‘Good Morning’ [Aceshowbiz]
Kanye West Gets All Cute and Cuddly [Eonline]
Kanye West Meets Takashi Murakami [New York Magazine]
(more…)

Dakis Jaonnou’s Yacht “Guilty” Designed by Jeff Koons

More on Greek billionaire Dakis Joannou’s Jeff Koons-designed yacht [GQ]
Interview with Takashi Murakami: “maximalist” [Esquire]
More on Sarah Thornton’s Seven Days in the Art World [Portfolio]
A telling selection of 30 years of quotes from Tracey Emin [GuardianUK]
Portrait auctioned for $21,850 in 1998 by Christie’s is now attributed by some to Leonardo Da Vinci and may sell for over $50M [NewYorkTimes]

Larry Gagosian at the opening of Center of Contemporary Culture Moscow (CCCM) via Style.com

Moscow is anticipating a worthy contemporary art scene brought by Larry Gagosian. Building upon the strong review from last year’s first show, Gagosian Gallery is making its presence in Russia. “For what you are about to receive” is Gagosian’s a second exhibition will be held at Red October Chocolate Factory, opening on September 18th until Ocober 25th. Artist Aaron Young will be presenting a motorcycle performance Arc Light for the opening of the show (AO has exclusive video from Aaron Young’s motorcycle show in New York here). This show will exhibit works by well-known contemporary artists such as Jeff Koons, Willen de Kooning, Richard Serra and Takashi Murakami. Curated to explore the conceptual relationship between commercial production and artistic abstraction, the show is intended to engage the viewers with modern materialism.

Gagosian Gallery in Moscow [Artnet News]
Gagosian Gallery
Read more about the exhibition at the Russian art blog IZO here and here.

(more…)

Jessica Joffe at the 15th Annual Watermill Summer Benefit via Park Ave Peerage

Fashion dazzle at Robert Wilson’s annual Watermill benefit [Park Avenue Peerage] more boldfaced names here [NYMag] and swanky goings on here [Papermag] and here [Artnet] and here [Art Forum]
A Private Contemporary Art collection in a eerie WWII Berlin bunker [Bloomberg] also coverd here [NYSun] and by Art Observed previously here [AO]
Damien Hirst’s controversial, straight-to-auction sale at Sotheby’s, previously covered by AO here,  will be followed by more of his works for sale amongst others, again directly, in October [Sotheby’s] [AO] [Bloomberg] more here [NY Sun]
London: Tickets are now available for Frieze Art Fair 2008’s Frieze Projects and Frieze [Frieze Art Fair 2008] Tokyo: Takashi Murakami’s Kaikai Kiki announces GEISAI #11 [Artipedia] 8/6
Indian contemporary art is on the rise [How to Spend It, FT]
An Economist’s qualitative approach to works by great masters [NYT]

Red, Andy Warhol, (1978) via Gagosian

Gagosian’s spacious Chelsea gallery presents 13 contemporary artists in ‘Retrospective’: Chris Burden, Marcel Duchamp, Tom Friedman, Piero Golia, Douglas Gordon, Richard Hamilton, Jasper Johns, Roy Lichtenstein, Takashi Murakami, Piotr UklaÅ„ski, Andy Warhol, Martin Kippenberger, and Ed Ruscha. Keeping in company with several thematic group shows this summer, this one has been assembled by Andisheh Avini, Gagosian curator, and artist.

Press Release [Gagosian]
‘Retrospective’: Been There, Sold That [NYSun]
Some Shows For Escape, Some For Introspection [NYTimes]
View video of the Retrospective group show here [Gagosian]

(more…)

Temenos, one of five giant public art works by Anish Kapoor via Guardian

Anish Kapoor’s $30M Public art project in Middlesbrough, UK [Guardian]
–>
$500,000 in Warhols, Lichtensteins stolen from Swedish Museum [Artdaily]
–>
Murakami ceases Cerulean LLC’s resale of sculpture at Christie’s after contract violation [Artinfo]
–>
Noteworthy video of Rauschenberg on his ‘Erased de Kooning Drawing‘ [Seattlepi via C-Monster]
–>
Art title insurance by ARIS offers new and broader protection for collectors [NYSun]
–>
Banksy’s street crew, ‘Pest Control’, certifies authentic works in response to copies [Rawartint]
–>
In response to museum pleas, senate loosens tax deduction rules on art donations [NYTimes]

“Pretty Ugly” at Gavin Brown Enterprise via Art Observed

Art Observed was on site at the opening of “Pretty Ugly” on Thursday, July 10th. The show took place at two neighboring galleries on Greenwich St. in New York: Gavin Brown’s Enterpise and Maccarone.
The show was curated by Alison Gingeras, of the Pinault collection, and featured work from more than 75 artists, including John Currin, Louise Bourgeois, the Chapman Brothers, Paul McCarthy, Takashi Murakami, Alice Neel, Hermann Nitsch, Andy Warhol, Francis Picabia, and Rob Pruitt, just to name a few.

Pretty Ugly: Press Release [Gavin Brown’s Enterprise]
Pretty Ugly, Maccarone [Maccarone Gallery]
A Pretty Ugly New York Art Eclipse [Flash Art]
This Week in Art Openings: Totally Rad, Pretty Ugly, and The Shallow Curator [Papermag]
Pretty Ugly [Artlog]

(more…)

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

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

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

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

London Contemporary Art Evening Auction [Sotheby’s]

(more…)