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Category: contemporary art
Lost Picasso Painting Rediscovered in Museum Storage
Evansville Courier Press / August 19th, 2012
A rare glass painting by Pablo Picasso was found after five decades in the storage of Evansville Museum of History and Science, in Indiana. The museum board of trustees and members have decided the work is too expensive to keep.
Forbes Lists Top Corporate Art Collections
Forbes / August 2nd, 2012
Corporate collections with the aim to improve lives and educate---those shared with the public and not stored in vaults---find their way onto Forbes' ranking of art assembled by businesses. Among the best are...
Lost Lichtenstein Surfaces in NYC Warehouse
New York Post / August 2nd, 2012
A Roy Lichtenstein painting that went missing 42 years ago has re-appeared in a Manhattan warehouse. Now valued at $4 million, the picture was sent out by...
Goodwill Find Proves to be Valuable Painting
KSN.com / July 25th, 2012
A North Carolina woman found a treasure in her local Goodwill store. Beth Feeback, an unemployed artist, noticed a pair of abstract paintings for $9.99 each.
Herbert Vogel, Art Collector, Remembered
New York Times / July 23rd, 2012
A postal clerk with an eye for modern art, Herbert Vogel, has died at 89. He amassed a remarkable collection of art---5,000 pieces in all---with his wife Dorothy, a librarian. The couple left their entire collection to...
A $29 Million Tax Bill for Art Valued at Zero
New York Times / July 22nd, 2012
Heirs of art dealer Ileana Sonnabend are in a bind for inheriting a 20th-century masterwork by Robert Rauschenberg. Next month lawyers for the heirs will go head to head with the Internal Revenue Service over the value of Rauschenberg's "Canyon."
Billionaire Buyer of Munch's "Scream" Revealed
Vanity Fair / July 12th, 2012
Multiple sources are reporting that the mystery buyer of the world's most expensive artwork is private-equity mogul...
German Billionaire Donates American Art Collection to Museum
Seattle Times / July 8th, 2012
A German billionaire and his wife are donating their collection of Western American art to the Tacoma Art Museum.
Girlfriend of Thomas Kinkade Says Artist Wanted a Museum
CBS News / July 2nd, 2012
The widow and girlfriend of artist Thomas Kinkade are facing off in court over his $66.3 million estate.
Records Smashed at Christie's Contemporary Art Sale
New York Times / June 27th, 2012
In London on Wednesday, post-war and contemporary art totaled $207.3 million, against an estimate of $160.1 million to $216.9 million, the highest total ever in the category for Christie’s in Europe. Collectors, primarily from...
Shake-up Propels Artnet Forward
Businessweek / June 26th, 2012
German-based art market platform Artnet has announced its longtime CEO, Hans Neuendorf, will be stepping down as of July 1. “It’s a good thing, though!” said Neuendorf to Businessweek. “The new generation is taking over.“ Meanwhile, two shareholders are hovering...
Dubai Returns as Top Contender for Contemporary Art
Reuters / June 21st, 2012
Dubai has seemed unstoppable in recent years, establishing itself as a center of finance, trade and tourism. Prior to 2008, it looked ready to take the art world by storm...
Major Collectors Drive Sales at Art Basel Amid Global Economic Woes
ArtfixDaily / June 18th, 2012
The 43rd edition of Art Basel, the world’s largest modern and contemporary art fair, managed to be an unquestionable success despite taking place at a time when most of the world is suffering from economic jitters.
Rothko Rules at Art Basel's 43rd Edition
Forbes / June 11th, 2012
From a private Swiss collection, a simmering burnt orange and pale pink canvas painted in 1954 by Mark Rothko is already touted as a star at this year's Art Basel.
Basel Boasts $2 Billion in Art for Sale
Businessweek / June 10th, 2012
In Switzerland, nearly $2 billion worth of art from 300 top-tier international galleries is up for sale this week. Richter, Calder, Twombly and Hirst are among the big-names with big price tags lining booths at Art Basel, the world's biggest and oldest modern and contemporary art fair. Among the highlights is...
Huntington Adds Rauschenberg to Collection
ArtfixDaily / June 10th, 2012
The Huntington Library, Art Collections and Botanical Gardens near Pasadena, Calif., long known for its collection of nineteenth-century English portraits, has made a foray into the post-war era by purchasing a work by Robert Rauschenberg.
Modern Chinese Painting Fetches $46 Million at Beijing Auction
Jing Daily / June 6th, 2012
A painting inspired by a poem written by Communist leader Mao Zedong in 1925 demanded a hefty 293.25 million yuan ($46 million) at a Chinese auction over the weekend. “Wan Shan Hong Bian” ("Thousands of Hills in A Crimsoned View”), painted in 1964, by...
Richter's Art Rises in a New Retrospective
ArtfixDaily / June 5th, 2012
German artist Gerhard Richter, whose auction sales totaled $200 million last year, has been given a retrospective at the Centre-Pompidou in Paris. The exhibit, spanning the 50 plus years of the artist’s career, is the largest exhibit of Richter’s work to date and follows steeply rising auction ...
Comprehensive Exhibit Spotlights a Picasso Muse
Businessweek / May 28th, 2012
Humor, adulation, tenderness, passion and complexity---the qualities of a love affair---unfold in “Picasso and Francoise Gilot: Paris-Vallauris, 1943-1953,” on view now through June 20 at New York's Gagosian Gallery.
Warhol Swiped in Major Art Heist from Detroit Collector
CBS News / May 24th, 2012
A silkscreen used to create Andy's Warhol's famous "Flowers" was among 19 modern and contemporary artworks stolen from a Detroit collector. The owner had temporarily stored his art at his business. "It could be somebody that...