News & Market Round-Up of the Week that Was (March 8-15)
Chinese art market surpasses UK, Koons work could fetch $30m., AP sues retailers over iconic Obama image and more.
黑料不打烊
Mar 14, 2011
Art Market Round-Up - Sales, lots and art fairs in the spotlight
News - What made headlines this past week
What's expected this week in the art world? Click here to find out
Art Market Round-Up - Upgrade to Open Links
Upcoming Auctions and Announcements
Jeff Koons' "Pink Panther" could fetch $30 million in Sotheby's auction
Sotheby鈥檚 will offer one of the most important works by Jeff Koons ever to have appeared at auction. Pink Panther (1988) draws on many of the themes that have come to define Koons鈥 output and stands as one of the outstanding achievements of his illustrious career. More...
Kay Saatchi signs off in grand style
Kay Saatchi, Charles Saatchi's ex-wife, is going back to live in America and will sell some art from her collection at Christie鈥檚 in London this summer. Thirty-two works are estimated to bring up to 拢3.4 million and records are expected to be broken. More...
Phillips de Pury & Company Announces the Highlights from BRIC 2011
This year鈥檚 BRIC sale will focus on artists with longevity and appeal as well as emerging new talent. Evening and Day auctions feature 203 lots with a low estimate of $11,657,566 and a high estimate of $17,397,883. More...
Old Master, Modern and Contemporary Prints to be auctioned at Doyle New York on April 20, 2011
Doyle New York will hold an auction of Old Master, Modern and Contemporary Prints auction on April 20, 2011. A fine selection of prints from a variety of estates and private collections will be offered. More...
American Art to be auctioned at Doyle New York On May 25, 2011
Sale Highlights Include Works by Guy P猫ne du Bois, Maurice Prendergast, Samuel Halpert, Elie Nadelman, George Hitchcock, David Burliuk, Jonas Joseph LaValley, and Thomas Wilmer Dewing. More...
Christie鈥檚 chief operating officer resigns
Lisa King is stepping down after 15 years at the company. More...
Browse estimates of the coming week's auctions >>
Auction Results in the Spotlight
Sotheby's Contemporary Art Sale Realizes $9.4 million
Results from Sotheby's New York Sale on March 9, 2011. More...
Phillips de Pury & Company鈥檚 announces strong results from Under the Influence sale totaling $2,876,313
The first lot, Stephen Colbert鈥檚 portrait re-contextualized by Shepard Fairey and Andr茅s Serrano, was auctioned off by the artist himself alongside Simon de Pury to a star-studded, action packed sale room. More...
Dealer Mark McDonald Raises $1.3M at Sotheby鈥檚
Sotheby鈥檚 20th Century Design sale totaled $3.5 million yesterday, with works from modern design dealer Mark McDonald fetching $1.3 million. More...
Christie鈥檚 First Open Boasts Biggest Tally Since 2007
Christie鈥檚 First Open sale of Post-War and Contemporary Art totaled $10.3 million yesterday, the highest grossing First-Open sale since the pre-bust days of March 2007. More...
Features
China鈥檚 $8.3 Billion Art Market Overtakes U.K., Report Says
Auction and gallery sales in China totaled the equivalent of almost 6 billion euros ($8.3 billion) in 2010, giving the country a 23 percent share of the global market, to become the world鈥檚 second-largest art market after the U.S. More...
NYC Collector Adds Art to the Three Rs
To create something akin to that great- art-at-home experience for more children, Oliver has pledged to start a collection for a new private school to be housed in a 10-story warehouse building he owns in the heart of Chelsea. More...
How the Art Market Works
In his new book, Art of the Deal, Noah Horowitz, an art historian and professor at the Sotheby鈥檚 Art Institute, argues that it鈥檚 all happened in the last fifty years -- and that the art market has become a complex, globalized, money-making machine for the well-connected. More...
Rumors one of C茅zanne鈥檚 greatest paintings has been sold - but to whom?
After the death of Greek collector Georges Embiricos, whose holdings include C茅zanne鈥檚 鈥淭he Card Players鈥, one rumour has it that Gagosian has bought the collection while another mentions Qatar (which never comments on art acquisitions). More...
Art investors are in for a good year
Selling art this year could enjoy an annual return of about 15% on a painting. There are also opportunities for buyers; investors should keep an eye on maturing contemporary artists, whose works might enjoy solid gains over the next few years. More...
Gilt-edged art market deals blow to super investors
After the death of Greek collector Georges Embiricos, whose holdings include C茅zanne鈥檚 鈥淭he Card Players鈥, one rumour has it that Gagosian has bought the collection while another mentions Qatar (which never comments on art acquisitions). More...
Art Fairs
Gallery directors reflect on The Armory Show: Are we post-recession?
As the dust clears on the jam-packed art week, 黑料不打烊.com spoke with the directors of three leading galleries - Lindsay Ramsay of Simon Lee Gallery, Julie Burchardi of Arndt and Anne-Claudie Coric of Galerie Daniel Templon - about how The Armory Show turned out for their gallery and whether we are really at a post-recession stage in the art market.
The 2011 Armory Show - Fresher Content, Notable Sales and Record Attendance
The fair on Pier 92 & 94 closed March 6th with a record breaking attendance of nearly 65,000 art lovers, exceeding expectations and captivating both the public and the press. More...
Ask an Art Critic: Jerry Saltz Answers Your Questions About Art Fairs and What鈥檚 Cooking Right Now
Dear Jerry, I saw you around the art fairs two weeks ago. What are your thoughts about art fairs? More...
"A Coming of Age": New Art Dubai Director Antonia Carver on the Mideast Art Fair's Fifth Anniversary
This year's fair features a record 82 galleries, but over and above this she is keen on Art Dubai being known "as a company which works with galleries in a constructive and personal way." More...
The Art World's Yearly Pilgrimage
Dealers and collectors gather in Maastricht, where Old Masters remain king but new works shine More...
TEFAF Maastricht 2011
An elegant display of genuine masterpieces from 260 of the world鈥檚 most prestigious art and antiques dealers from 16 countries. More...
Art Dubai 2011
Art Dubai 2011 will showcase galleries from over 30 countries in the Middle East, Asia, Europe and the Americas. More...
AIPAD Photography Show New York 2011
More than 70 of the world's leading fine art photography galleries will present a wide range of museum-quality work. More...
News - Upgrade to Open Links
Japan Watch: Two Tokyo Museums Are Safe but Shuttered
Both the Mori Art Museum and the Tokyo National Museum have closed temporarily to conserve electricity but say that they have not suffered serious damage. More...
Ansel Adams Trust and Rick Norsigian settle suits over disputed 'lost negatives'
Rick Norsigian will stop using Ansel Adams鈥 name, likeness, or trademark to sell prints and posters that he has long contended document 鈥渓ost negatives鈥 shot by the great nature photographer. More...
For artist Jeff Koons, proposed power plant no thing of beauty
The renowned sculptor, who wants to preserve land in Chanceford Township, may take issue with a hydroelectric project next door. More...
Lost: Taxpayers' art treasures
More than 100 works of art, paid for by UK taxpayers, have been lost, stolen or damaged while adorning government buildings. 67 paintings have disappeared in the past 10 years. More than 40 have never been seen again, despite investigations by police and Government officials. More...
Munch Museum鈥檚 future uncertain
Norway鈥檚 directorate for cultural heritage has blocked plans to build a new Munch Museum near Oslo鈥檚 waterfront Opera House at Bj酶rvika, claiming it will ruin views and dominate the skyline. More...
The National Portrait Gallery exhibition 鈥淗ide/Seek鈥 examined gay and lesbian themes in American portraiture, but drew attacks from Republicans and religious conservatives over a video that the Smithsonian then removed, prompting accusations of censorship.
Museum of Liverpool opening date announced
The museum will open to the public on Tuesday 19 July 2011. This is a significant date as it is exactly 100 years after the museum's iconic neighbour the Royal Liver Building opened its doors. More...
The 82-year-old Twombly has held onto many of the important works he produced over some 60 years. But recently he agreed to part with two paintings and seven sculptures. They will join as key additions to MoMA鈥檚 permanent collection.
US returns stolen art to China
The United States returned to stolen artifacts intercepted by customs officials while they were being imported. Among the objects handed over to officials from China's embassy in Washington were pottery sculptures from the Sui and Tang dynasties. More...
Israel police hunt for missing Rodin sculpture
Jerusalem police are searching for a work by French sculptor Auguste Rodin, which is believed to have been stolen from the Israel Museum during renovations. The figure was "a small-format work," one of a series entitled "Studies for a Nude of Balzac." More...
Abramovic wins two-year copyright battle
French court orders film-makers to pay 鈧75,000 to the artist for infringement of her rights by making two films that misrepresented her work. Paris鈥檚 court also ruled that Abramovic is the 鈥渃o-author鈥 of the 1998 works 鈥擳he Star and Balkan Baroque. More...
Record 88 countries to take part in Venice Biennale
The Biennale will start on June 1 and run until November. It will include for the first time national pavilions for Andorra, Bahrain, Bangladesh, Haiti and Saudi Arabia. Congo and India, which have not taken part since 1968 and 1980 respectively, will also be taking part. More...
Bruce Davidson to receive photography award
The 77-year-old American is to receive the outstanding contribution prize at this year's Sony World Photography awards. More...
Walid Raad receives 2011 Hasselblad Award
The prize consists of SEK 1,000,000 (approximately USD 150,000), a diploma and a gold medal; an exhibition of Raad's work will open on 12 November 2011 at the Hasselblad Center at the Gothenburg Museum of Art, Sweden. More...
Revealed: The Labour researcher who married in a Las Vegas chapel and became the very secretive Mrs Banksy
Like her husband, Joy Millward is elusive. Perhaps that鈥檚 unsurprising 鈥 because to her closest friends she is also known as Mrs Banksy, secret wife of the world鈥檚 most controversial artist. More...
Associated Press sues retailers over iconic Obama image
Artist Fairey used an AP photo without permission to create the image, and was sued by the news agency for violating copyright. That case was settled. AP argues that using the image on T-shirts is wilful and blatant violation of the copyright of the photo. More...
Compiled by 黑料不打烊.com staff