Set on slightly more than an acre, the modern mansion was built in collaboration with Samuel and Paul Oh and completed this year. Among designer details are a pair of floating staircases, a 6-foot Mooi chandelier and more than $1 million in furnishings by B&B Italia, Minotti and Gandia Blasco. Adding to the over-the-top ambiance, an original Andy Warhol serves as a centerpiece in the front entry.
Galerie Gmurzynska’s Mathias Rastorfer talks about Wifredo Lam’s legacy in the context of the Tate’s new show of the Cuban Modern master. Rastorfer reviews Lam’s progress back into the mainstream of the global art market after a sojourn as a Latin American painter. He also reveals the strong connection between Jean-Michel Basquiat and the work of Wifredo Lam.
The Financial Times ran a story wondering whether the relationship between art galleries and their client base is “outdated.” Reading the headline, “Is Loyalty to an Art Gallery Outdated?,” one would expect the story to eventually say ‘no’ after giving reasons for the necessary social interaction between interested buyer and knowledgeable seller.
Playing somewhat against type, the FT gives a different sort of story. It begins with the glory days for Bernard Jacobson who deals in Modern British and American art. David Bowie was a client and eventually convinced the dealer to part with a William Tillyer watercolour from his own office. Continue Reading
EXPO Chicago falls in line with the new tone of the art market where sales and expectations have been recalibrated somewhat lower.Continue Reading
Heffel announced today that they will be selling a massive Lawren Harris Rocky Mountain work that was featured in the traveling exhibition organized by Steve Martin.
Heffel has already made the most of the show by setting a record for the artist earlier this year with a C$4.6m sale for Mountain and Glacier. This work comes from the Imperial Oil collection. With an estimate of C$3-5m, it clearly aims to set Harris’s record price yet again:
Mountain Forms is a large-scale masterpiece by Harris, commanding in scale and rich in colour, standing at five feet tall and nearly six feet wide. The work depicts Mount Ishbel located in the Sawback Range in the Rocky Mountains. Consigned from the prestigious Imperial collection, the fall auction offers collectors an incredible opportunity to own a rare-to-the-market Harris canvas, very few of which are in private hands today.
“An artwork of this importance comes up once in a lifetime, at most,” said David Heffel, President of Heffel Fine Art Auction House. “The pinnacle of our father’s career was selling this painting in 1980, and Robert and I are honoured to offer it once again.”
Wim Pijbes has resigned his position as the director of Joop van Caldenborgh’s private Museum Voorlinden in the Netherlands. Pijbes high profile as the director of the Rijksmuseum made the move a dramatic choice and much-watched role.
Today, Pijbes explained the latest development to the New York Times:
“We both had the feeling that it was better for both of us and for the museum to stop and to quit,” Mr. Pijbes said in a telephone interview. “I felt I had more freedom to advise Joop and to bring added value to the museum as a board member. We did not want to spoil our friendship.” […]
Colin Gleadell has done a little number crunching to show the tapering down of the art market as measured by the upcoming sales in London in October.
At the equivalent auctions last October, 884 lots were crammed into the week with a minimum estimate of £185 million. This year there are 746 lots (down 15.6 per cent) with a minimum estimate of £131.5 million (down 29.2 per cent). The statistics follow the trend this year after London’s contemporary art auction results fell by 36 per cent in February, and by 49 per cent in June.
Depending on the results, Gleadell’s numbers suggest that the market may be reaching its new level. The pace of contraction seems to be slowing. Continue Reading
The Economist looks at what seems like growing momentum around a group of African-American artists who were once celebrated Modernists but got dropped from the narrative.
Framed around Sam Gilliam’s resurgent visibility among collectors, in museums and on the art market, the Economist story suggests the trend involves more than one artist:Continue Reading
Sotheby’s £1.8m Irish art sale, part of a revived category for the auction house, had enough successes to rekindle interest in what might prove a valuable cranny of the global art market:
65 per cent of the lots sold with many artists achieving record prices while one Sir John Lavery painting sold for four times its estimate. The Cello Player far exceeded its top estimate of £20,000-£30,000 when it went to a private collector for £112,500.