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Category: contemporary art
Record-Smashing Basquiat Heads to Japan from $318 Million Christie's Sale
Bloomberg / May 11th, 2016
Christie's May 10 evening sale of Post-War and Contemporary Art realized $318,388,000 with sell-through rates of 87% by lot and 91% by value. The sale established 6 new world auction records for artists including Jean-Michel Basquiat, Agnes Martin, Mike Kelley, Richard Prince, Kerry James ...
Artist Jeff Koons Collaborates With Google
ArtfixDaily / May 10th, 2016
Known especially for his monumental and expensive Pop art sculptures, artist Jeff Koons has launched a new venture priced for the everyman. Koons teamed up with Google on a new live case exclusively for Nexus devices, priced around $40. The limited edition Jeff Koons Live Case went on sale ...
Auction 'Gigaweek' Kicks Off With Christie's $78 Million 'Bound to Fail' Sale
New York Times / May 7th, 2016
'Gigaweek' is underway at the New York auction houses with an estimated $890 million to $1 billion in Impressionist, modern and contemporary art up for sale at Christie's, Sotheby's and Phillips. Over the course of 5 days some 1,500 artworks are offered. But this May's marquee sales are not ...
MoMA Offers Voluntary Buyouts to Staffers
New York Times / May 3rd, 2016
Following the Met's announcement recently of possible layoffs to balance a $10 million deficit, the Museum of Modern Art says it will offer buyout packages to senior staff. Those with over nine years at the museum, age 55 and over, will be eligible. “The museum is in a transitional stage in ...
New York Attorney General Goes After Unpaid Taxes on Art
New York Times / May 3rd, 2016
The New York attorney general made a $7 million settlement on Tuesday with real estate developer and art collector Aby Rosen "for failing to pay taxes on $80 million in artwork that he had bought or commissioned since 2002," reports the New York Times. A crack down on the use of resale ...
Museum Gets to Pick From Norwegian Billionaire's $120 Million Collection of Artworks From Munch to Mapplethorpe
Forbes / April 14th, 2016
Forbes reports: Grocery retail billionaire Stein Erik Hagen is now opening up his art collection, believed to be the largest private collection in Norway, to the public. The Norwegian National Museum of Art, Architecture and Design (Nasjonalmuseet) has been granted free access to roam ...
Andy Warhol's First New York City Studio For Sale
Realtor / March 31st, 2016
Andy Warhol's first New York City studio, the former firehouse Hook & Ladder 13, has hit the market. The list price is $9.975 million for the nearly 5,000-square-foot red structure. The Realtor.com listing: Cushman & Wakefield Inc. has been retained on an exclusive basis to offer for ...
Banksy, Warhol Exhibitions to Open New Moco Museum in Amsterdam
LA Times / March 30th, 2016
The works of British street artist Banksy and pop artist Andy Warhol will represent the debut exhibitions at the Modern Contemporary Museum, or Moco Museum, which is scheduled to open April 9. Moco has a vaunted location in the Dutch city’s Museum Square, with the Van Gogh ...
Five Francis Bacon Works Worth $33 Million Stolen in Spain
El Pais / March 14th, 2016
Five artworks by Irish-born master Francis Bacon have been stolen from a private residence in Madrid, reports Spanish media. El Pais reported on Sunday that the paintings were taken from a home while the owner was away, and the thieves disabled the security system. The owner is said to have ...
The Nefertiti 3D Scan Scandal Highlights Museum Data Security
Cosmo Wenman / March 10th, 2016
Museums around the world have increasingly opened up their digital archives to share collections with the public. Art images can be downloaded, and browsed on Google Art Project or museums' websites. Yet, 3D scans of sculpture, objects and painting are largely safe-guarded. Last week ...
The Art Show Serves Up Surprises
ArtfixDaily / March 2nd, 2016
New York's Park Avenue Armory is afire with art sales as 72 exhibitors from the Art Dealers Association of America present the annual ADAA Art Show (through March 6). A preview night kicked off the week on March 1, hosting the likes of Leonard Lauder, Agnes Gund, and comedian Steve ...
This Week's New York Art Fairs in a Nutshell
New York Times / March 1st, 2016
The New York Times delivers a succinct guide to this week's several art fairs --- featuring modern masters to emerging artists -- in New York. Art critic Ken Johnson notes these fairs "provide the chance to take the temperature of global culture." Visit the show's websites to ...
Google Gives Artificial Intelligence An Art Show
Recode / February 29th, 2016
Artists, the art world just got more competitive. Artifical intelligence is getting creative. Google launched an art event in San Francisco over the weekend. Dubbed "DeepDream," the exhibition showcased artworks that are the result of algorithms doing advanced reverse image recognition. AI on ...
Unseen Final Painting of Francis Bacon Revealed in Catalogue Raisonne, Exhibition
Guardian / February 23rd, 2016
A "very private collection" in London has yielded the final painting of renowned Irish-born British artist Francis Bacon, reports the Guardian. Art historian Martin Harrison says the work has never been publicly seen or published. Harrison's forthcoming catalogue raisonne of the artist will ...
Frank Lloyd Wright Sturges House Withdrawn From Auction, Its Contents Snapped Up
ArtfixDaily / February 23rd, 2016
Los Angeles Modern Auctions (LAMA) withdrew the George D. Sturges Residence, designed by Frank Lloyd Wright in 1939, from its February 21 sale of Modern Art & Design. The cantilevered redwood-and-brick residence, the only Californian example of Wright's Usonian housing, carried a ...
Ken Griffin Spends $500 Million on Two Abstract Expressionist Artworks
Bloomberg / February 20th, 2016
Billionaire hedge fund manager Ken Griffin has spent nearly $500 million on paintings by Abstract Expressionist masters Willem de Kooning and Jackson Pollock. It ranks among the biggest private art deals ever, with the Pollock price matching Qatar's $300 million purchase of Paul Gauguin's "When ...
Cultivating Art Collectors in the 'Cultural Desert' of Silicon Valley
Guardian / February 10th, 2016
"There’s long been a truism that the Silicon Valley elite don’t buy art," the Guardian reports. But some are hopeful for a type of cultural revolution in the tech mecca. Pace Gallery has for a few years been tapping interest from the monied techies who can aptly afford Calder mobiles and ...
Artists Make a Statement With Trump Campaign Bus
Hyperallergic / February 4th, 2016
David Gleeson and Mary Mihelic, cofounders of politically minded art collective T. Rutt, purchased their idea of artistic "raw material" on Craigslist---a Trump campaign bus once used in Des Moines, Iowa, by the Republican presidential candidate. Since late last year, the pair has ...
Prince Charles Makes Millions For Charity From Prints of His Watercolors
Telegraph / February 4th, 2016
The Prince of Wales has become one of Britain’s most successful living artists, selling millions of pounds worth of prints of his paintings. An analysis of sales of limited edition lithographs conducted by Clarence House and released to The Telegraph shows that the Prince has earned £2 ...
Art Institute of Chicago Appoints New Director
Chicago Tribune / January 28th, 2016
After an international search, the Art Institute of Chicago has chosen James Rondeau, chair of the museum's department of modern and contemporary art, to replace Douglas Druick as president. The museum's board voted Thrusday morning for Rondeau, 46, to become president and Eloise W. Martin ...