Exhibition

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Christie’s Defies Predictions of Market Chill With $138 Million Impressionist and Modern Art Sale

Lot-241

Marc Chagall Les mari√©s de la Tour Eiffel (1928) Price realized:¬£7,026,500/$10,111,134/‚ā¨ 9,260,927. Image: Courtesy of Christie’s

With art market pundits anticipating a ‚Äėchill’ in 2016, Christie’s opening salvo was conversely mild, and without too many portents of gloom. But it wasn’t on fire either. The sale realised ¬£95.9 million ($138 million), including premium, or just around the lower estimate of ¬£83.6-123 million without premium. A tolerable 22 lots, or 25 percent of the 89 lots, went unsold, including only 2 in the category of works selling for ¬£1.7 million ($2.5 million) or more. But just as many lots sold to bids either on or below the low estimates.

The sale, which included a separate catalogue for surrealist works, trailedlast February’s ¬£147 million pound sale by some margin. ‚ÄúIt wasn’t easy,” commented Guy Jennings, managing director of The Fine Art Fund Group. ‚ÄúI’d say the market has softened a bit. But it was steady.” Jay Vincze, the head of the Impressionist and modern art department at Christie’s London said the shortfall on last year was because last year he had two exceptional collections. ‚ÄúThere was no chill; this was about normal for us.”

magritte

Ren√© Magritte, Mesdemoiselles de l’Isle Adam (1942). Estimate 2,000,000 ‚Äď 3,000,000 British pounds. Price realized: ¬£1,986,500/$2,858,574/‚ā¨ 2,618,207 Image: Courtesy of Christie’s

If Christie’s were looking for some certitude in the middle market, it could be found. They had a racing start with works on paper by Pablo Picassoand Henri-Edmond Cross soaring over estimates leaving underbidders in the room‚ÄĒdealer Hugh Gibson and advisor Wentworth Beaumont‚ÄĒempty handed.

Some of the top lots were coming back to auction having sold just before the 2008 crash, so it was a test as to whether those values could be maintained. Egon Schiele‘s 1909 self-portrait oil painting had previously been in Ronald Lauder’s collection until he sold it in 2007 to help pay for his acquisition of some expensive, restituted works by Gustav Klimt for the Neue Gallerie. In 2007, it sold on a single bid for ¬£4.5 million pounds, and the buyer, a ‚Äėprivate European collector,’ was hoping for a small mark-up at ¬£6-8 million. Tuesday night, it sold for ¬£7.2 million.

Also the property of a ‚Äėprivate European collector’ was a 1925 still life by Picasso which had been bought in the same Christie’s auction for a mid-estimate of ¬£2.8 million. Christie’s had doubled the estimate this time around, to ¬£4-6 million, and it made a modest return, selling it for ¬£4 million pounds to a phone bidder against the London dealer Ezra Nahmad.

Other top lots to sell were a blissfully romantic work by Marc Chagall, Les Maries de la Tour, which clipped the top estimate selling for ¬£7 million ($10 million) to adviser Thomas Seydoux who, when he was at Christie’s, was known for his close relationships with Russian collectors. The painting last sold at auction in New York in 1991 for $600,000. And Fernand Leger’s dynamic Le Moteur, a smaller version of a painting of the same title which sold for a record $16.7 million in 2001, sold this evening to dealer, Hugh Gibson, within estimate for ¬£5.2 million.

Lot-20

Paul C√©zanne, Ferme en Normandie, √©t√© (Hattenville) (1882). Price realized: ¬£5,122,500/$7,371,278/‚ā¨ 6,751,455 Image: Courtesy of Christie’s

There was a meaty selection of early 20th¬†century German paintings byErnst Ludwig Kirchner, Lyonel Feininger, Otto Dix and more, which, except for a weak still life by Max Beckmann, sold mostly above estimates. A street scene in Murnau in 1908 by Wassily Kandinsky‚ÄĒnot long before he shifted towards abstraction, was snapped up below estimate for ¬£1.4 million by Amsterdam-based advisor Matthijs Erdman, and an early expressionistic landscape by Karl Schmidt-Rottluf, Windy Day, was chased by¬† German advisor, Jorg Bertz, before selling to a phone bidder near the top end of its estimate at ¬£1.3 million. The star of this section, though, was the relatively unknown Neue Sachlichkeit artist, Georg Scholz, with a satirical 1920s critique of small town bourgeois activities (Small Town by Day) in Germany, which quadrupled the low estimate selling to New York’s Acquavella Gallery for a record ¬£1.2 million. Christie’s saw this coming because much the same happened with a gouache study for this painting in 2012.

On the minus side was a small, rather dull Giacometti painting, Buste d’homme, which had been bought just before the credit crunch for ¬£1.6 million. Now estimated at ¬£1.8-2.5 million, it failed to find a buyer. Making losses for the sellers were a Matisse drawing, bought in New York in November 2012 for $458,500, which now sold for ¬£266,500 ($383,494), and a large jazzy canvas by Andre Lhote, Gipsy Bar, for which the owner paid a seemingly extravagant $2.7 million dollars back in 2007. That record still stands, as Gipsy Bar sold this time round for a more reasonable ¬£1.1 million ($1.9 million).

Lot-11

Christie’s had made much of the promise in Asia when touring the highlights from its sale in the East last month. But bidding from Asian collectors was muted. A verdant Farm in Normandy by Paul Cezanne (1882), sold near the low estimate for ¬£5.1 million, as did Chagall’s run-of-the-mill¬†Violinist under the Moon, which sold for ¬£1.8 million‚ÄĒboth to Asian phone bidders. The strongest Asian bidding came for an early, rather awkward looking portrait of a young man by Cezanne which was estimated at ¬£300,000, but sold for ¬£1.2 million.

The surrealist section of the sale appeared to be a bit disappointing because past sales have been getting stronger and stronger. Christie’s has built a reputation as the leading auctioneer for surrealist art under the guidance of deputy chairman, Olivier Camu, who is also a specialist in the area. Last February, they chalked up 66 million pounds of sales for their Surrealist sale (over the ¬£37-54 million estimate). This evening, the level of consignments was down, with a pre-sale estimate of ¬£26-39 million, as was the total, ¬£29.5 million. Echoing Vincze, Camu said the disparity was only due to the exceptional private collection it had for sale last year, which is not something you can depend on.

benday

Salvador Dal√≠, Le voyage fantastique (1965). Estimate 1,200,000 ‚Äď 1,800,000 British pounds. Price realized: ¬£1,426,500/$2,052,734/‚ā¨ 1,880,127 ¬† Image: Courtesy of Christie’s

However, many of the lots that had higher estimates had already been at auction within the last five years, and were thus well known to buyers. The top lot, Max Ernst‘s The Stolen Mirror, an homage to his former lover, Leonora Carrington, set a record $16.3 million (¬£10.3 million) when it sold for four times the lower estimate to a European collector at Christie’s New York in November 2011. That collector must have needed to sell and been prepared to take a loss as he secured a guarantee from Christie’s, most probably near the lower end of the¬† ¬£7-10 million estimate. But bidding was thin on Tuesday and the painting fell to a lone telephone bidder‚ÄĒlikely the guarantor‚ÄĒfor a premium inclusive ¬£7.6 million.

Also taking a loss was Christie’s. Rene Magritte’s 1947 painting,Mesdesmoiselles de l’Isle Adam, which is simultaneously delightful and scary, sold at Christie’s New York in November 2014 below estimate for $4.3 million dollars. The painting had a third party guarantee, but had somehow managed to become property of Christie’s (i.e., the guarantee didn’t materialize). Now with a lower ¬£2-3 million estimate, it sold for ¬£2 million ($2.86 million), with Christie’s having to shoulder the difference.

Lot-311-445x1024

Egon Schiele, Selbstbildnis mit gespreizten Fingern (1909). Price realized: ¬£7,250,500/$10,433,470/‚ā¨ 9,556,159. Image: Courtesy of Christie’s

The other Christie’s owned property, Joan Miro’s Femme et Oiseau dans la Nuit, 1968, carried the second highest estimate of the surrealist sale at ¬£3-5 million, down on the ¬£4-6 million it carried in¬† June 2010 when it sold for ¬£5.2 million. Although it had not been guaranteed, it was not paid for. Fortunately for Christie’s, there was plenty of bidding on it the second time around, spurred first by London dealer Angela Nevill, and then by Ezra Nahmad, before it sold to a phone bidder for ¬£5.8 million, just enough to get Christie’s out of jail.

Another of the higher valued lots that had been at auction relatively recently was Salvador Dal√≠‘s Le Voyage Fantastique, a 1965 portrait of movie star, Raquel Welch, that blended sci-fi elements with a Lichtenstein-like benday-dot technique. This obviously appealed to the Mugrabi family of art dealers when they bought it in 2011 in New York for a mid-estimate $1.9 million. With a similar estimate of ¬£1.2-1.8 million, it might have tempted one of the Asian buyers who have taken¬†Dal√≠ to¬†heart, but it sold on a ¬£1.2 million bid ($1.7 million), and not to an Asian collector, leaving the Mugrabis unusually short on a deal.

source via: artnet

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Closure of Miami Causeway Threatens Traffic Mayhem at Art Basel in Miami Beach

Could this year’s Art Basel in Miami Beach see the worst traffic ever for the famously hectic art fair week? The city’s famously clogged roads¬†are going to be even worse this December¬†thanks to the closure of the Venetian Causeway.

One of three passages between Miami Beach and Miami, the Venetian Causeway helps relieve congestion on the MacArthur Causeway to the south or the Julia Tuttle Causeway to the north. Visitors to Art Basel in years past need no reminder of how difficult it can be to get from Miami Beach to say, the Pérez Art Museum Miami, or Wynwood when traffic slows to a crawl on the causeways.

The nine-month, $12.4-million project, which began in late May, will rebuild the causeway’s western drawbridge. Built in 1927, the historic span was¬†patched with metal plates during a renovation in the late 1990s. The need for a better solution became clear in March 2014, when a plate was dislodged¬†and a bus became stuck in the gap.

The city is offering other transit options, which will include water taxis as well as a free trolley service running along the length of Miami Beach that connects the main convention center to the Design District.

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Miami trolley route. Photo: courtesy Miami Beach.

The city is also testing out a new¬†“Miami-Dade Art Express” bus route, which is also free. Running every 20 minutes between 11:00 a.m. and 11:00 p.m., the bus will provide an alternate mode of transportation across the Julia Tuttle Causeway.

Nick Korniloff, head of two fairs in Miami (Art Miami and its sister fair¬†CONTEXT) and one in Miami Beach (Aqua Art Miami), is hopeful that the effects of the closure won’t be too dramatic. “The Venetian was convenient up until a point,” he told artnet News via e-mail, “but never came close to being able to handle the bulk of traffic that the interstates [on the other causeways] do.”

Free Miami trolley. Photo: via Wikimedia Commons.

Free Miami trolley. Photo: via Wikimedia Commons

A Living Copy of Vincent van Gogh’s Ear Makes Its New York Debut

ear

Diemut Strebe, Sugababe (2014). A living bioengineered replica of Vincent van Gogh’s ear, grown from tissue engineered cartilage cells procured from a direct male descendant. Photo: Courtesy of Ronald Feldman Fine Arts.

A little piece of a long-dead artist is coming back to life in New York this fall¬†when¬†Diemut Strebe’s creepy living copy of Vincent van Gogh’s ear makes its New York debut at¬†Ronald Feldman Fine Arts.

Titled Sugababe, the ear was created using genetic samples Strebe collected¬†from¬†Lieuwe van Gogh, the great-great-grandson of Theo van Gogh, the Post-Impressionist¬†artist‘s brother. Strebe used computer imaging technology to recreate the ear’s shape based on its appearance in van Gogh’s self-portraits, and a computer processor the simulates nerve pulses allegedly allows the ear to hear.

Though¬†Sugababe¬†is admittedly macabre, visitors at the original exhibition at the Centre for Art and Media in¬†Karlsruhe, Germany, “loved the ear,” Strebe insisted in an e-mail to artnet News.

VAN-GOGH-bandaged-ear

Vincent van Gogh, Self-Portrait with Bandaged Ear (1889). Image: Courtesy of Wikipedia.

“I’m not sure that everyone understands the full scientific and biological implications,” the artist¬†writes. “The scientific approach is based on the Theseus’s¬†paradox by Plutarch‚Ķ He asked if a ship would be the same ship if all its parts were replaced. This paradox is brought into a 21st-century context by using a living cell line (from Lieuwe van Gogh) in which we replaced (at least as a proof of principle) his natural DNA with historical and synthesized DNA.”

Perhaps the most famous detached body part in all of art history, van Gogh allegedly cut off his ear when he had a mental breakdown, although some German historians now think Paul Gauguin may have cut off van Gogh’s ear with a rapier following a heated argument between the two artists, according to the book¬†Van Goghs Ohr: Paul Gauguin und der Pakt des Schweigens (Van Gogh’s Ear: Paul Gauguin and the Pact of Silence). Though the ear has been recreated, scientists haven’t been able to slow the¬†fading of van Gogh’s paintings.

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Joseph Beuys, I Like America and America Likes Me (1974). Image: Courtesy of e-flux.com.

The scientifically-minded show also includes¬†Social Sculpture: The Scent of Joseph Beuys, a scent-based piece¬†inspired by the German Fluxus artist’s 1974 performance at Ren√© Block’s gallery in New York titled,¬†I Like America and America Likes Me. With the help of International Flavors & Fragrances Inc., Strebe has reduced Beuys‘s original work into seven scents, like “gallery” and “coyote,” which¬†are meant to evoke Beuys‘s experience living for a week with a wild coyote in the gallery space.

Diemut Strebe’s “Free¬†Radicals: Sugababe & Other Works” is on view at¬†Ronald Feldman Fine Arts, 31 Mercer Street, New York, November 7‚ÄďDecember 5, 2015.¬†

This article originally appeared on artnet News.

Banksy’s Dismaland Is Open

Dismaland

Dismaland Park Plan

Dismaland Park Plan

He describes it as a ‚Äúfamily theme park unsuitable for small children‚ÄĚ ‚Äď and with the Grim Reaper whooping it up on the dodgems and Cinderella horribly mangled in a pumpkin carriage crash, it is easy to see why.

Banksy’s new show, Dismaland, which opened on Thursday on the Weston-super-Mare seafront, is sometimes hilarious, sometimes eye-opening and occasionally breathtakingly shocking.

ariel

A mermaid and castle by Banksy at Dismaland. Photograph: Yui Mok/PA

The artist’s biggest project to date had been shrouded in secrecy. Local residents and curious tourists were led to believe that the installations being built in a disused former lido called Tropicana were part of a film set for a Hollywood crime thriller called Grey Fox.

The name is a play on Disneyland, but Banksy insisted the show was not a swipe at Mickey and co. ‚ÄúI banned any imagery of Mickey Mouse from the site,‚ÄĚ he said. ‚ÄúIt‚Äôs a showcase for the best artists I could imagine, apart from the two who turned me down.‚ÄĚ

Works by 58 handpicked artists including Damien Hirst and Jenny Holzer have been installed across the 2.5-acre site. Julie Burchill has rewritten Punch & Judy to give it a Jimmy Savile spin. Jimmy Cauty, once part of the KLF, is displaying his version of a fun model village complete with 3,000 riot police in the aftermath of major civil unrest.

In one tent would-be anarchists can find out how to unlock the Adshel posters seen at bus stops. For ¬£5 people can buy the tools to break into them, replacing the official posters with any propaganda they please. Is it legal? ‚ÄúIt‚Äôs not illegal,‚ÄĚ said the vendor.

The artist has paid for everything himself but a spokeswoman was unable to say if he was recouping his costs or making a profit. The show will run until 27 September, for 36 days, with 4,000 tickets a day at £3 each all available to buy online at dismaland.co.uk. That amounts to just over £400,000, so it is difficult to see a great profit given the obvious expenses.

Weston-super-Mare itself will undoubtedly benefit. The lido, which opened in 1937 and once boasted the highest diving boards in Europe, has been closed since 2000.

Banksy’s Cinderella crash scene

Banksy’s Cinderella crash scene. Photograph: David Levene for the Guardian

Happy Birthday Andy Warhol!

Myths: II.267: The Shadow, 1981

Myths: II.267: The Shadow, 1981

The youngest child of three, Andy was born Andrew Warhola on August 6, 1928 in the working-class neighborhood of Oakland, in Pittsburgh, Pennsylvania.¬† Stricken at an early age with a rare neurological disorder, the young Andy Warhol found solace and escape in the form of popular celebrity magazines and DC comic books, imagery he would return to years later.¬† Predating the multiple silver wigs and deadpan demeanor of later years, Andy experimented with inventing personae during his college years. He signed greeting cards ‚ÄúAndr√©‚ÄĚ, and ultimately dropped the ‚Äúa‚ÄĚ from his last name, shortly after moving to New York and following his graduation with a degree in Pictorial Design from the Carnegie Institute of Technology (now Carnegie Mellon University) in 1949.

Work came quickly to Warhol in New York, a city he made his home and studio for the rest of his life. Within a year of arriving, Warhol garnered top assignments as a commercial artist for a variety of clients including Columbia Records, Glamour magazine, Harper’s Bazaar, NBC, Tiffany & Co., Vogue, and others. He also designed fetching window displays for Bonwit Teller and I. Miller department stores.  After establishing himself as an acclaimed graphic artist, Warhol turned to painting and drawing in the 1950s, and in 1952 he had his first solo exhibition at the Hugo Gallery, with Fifteen Drawings Based on the Writings of Truman Capote. As he matured, his paintings incorporated photo-based techniques he developed as a commercial illustrator. The Museum of Modern Art (among others) took notice, and in 1956 the institution included his work in his first group show.

The turbulent 1960s ignited an impressive and wildly prolific time in Warhol‚Äôs life.¬† It is this period, extending into the early 1970s, which saw the production of many of Warhol‚Äôs most iconic works. Building on the emerging movement of Pop Art, wherein artists used everyday consumer objects as subjects, Warhol started painting readily found, mass-produced objects, drawing on his extensive advertising background.¬† When asked about the impulse to paint Campbell‚Äôs soup cans, Warhol replied, ‚ÄúI wanted to paint nothing. I was looking for something that was the essence of nothing, and that was it‚ÄĚ. The humble soup cans would soon take their place among the Marilyn Monroes, Dollar Signs, Disasters, and Coca Cola Bottles as essential, exemplary works of contemporary art.

Despite a brief self-declared retirement from painting following an exhibition of Flowers in Paris, Warhol continued to make sculptures (including the well known screenprinted boxes with the logos of Brillo and Heinz Ketchup) prints, and films. During this time he also expanded his interests into the realm of performance and music, producing the traveling multi-media spectacle, The Exploding Plastic Inevitable, with the Velvet Underground and Nico.

Flowers FS II.68, 1970

Flowers FS II.68, 1970

In 1968 Warhol suffered a nearly fatal gun-shot wound from aspiring playwright and radical feminist author, Valerie Solanas. The shooting, which occurred in the entrance of the Factory, forever changed Warhol.  Some point to the shock of this event as a factor in his further embrace of an increasingly distant persona. The brush with death along with mounting pressure from the Internal Revenue Service (stemming from his critical stance against President Richard Nixon), seem to have prompted Warhol to document his life to an ever more obsessive degree. He would dictate every activity, including noting  the most minor expenses, and  employ interns and assistants to transcribe the content of what would amount to over 3,400 audio tapes. Portions of these accounts were published posthumously in 1987 as The Warhol Diaries.

The traumatic attempt on his life did not, however, slow down his output or his cunning ability to seamlessly infiltrate the worlds of fashion, music, media, and celebrity. His artistic practice soon intersected with all aspects of popular culture, in some cases long before it would become truly popular. He co-founded Interview Magazine; appeared on television in a memorable episode of The Love Boat; painted an early computer portrait of singer Debbie Harry; designed Grammy-winning record covers for The Rolling Stones; signed with a modeling agency; contributed short films to Saturday Night Live; and produced Andy Warhol’s Fifteen Minutes and Andy Warhol’s TV, his own television programs for MTV and cable access.  He also developed a strong business in commissioned portraits, becoming highly sought after for his brilliantly-colored paintings of politicians, entertainers, sports figures, writers, debutantes and heads of state. His paintings, prints, photographs and drawings of this time include the important series, Skulls, Guns, Camouflage, Mao, and The Last Supper.

Mao (portfolio of 10 Invitation

Mao (portfolio of 10) Invitation

While in Milan, attending the opening of the exhibition of The Last Supper paintings, Warhol complained of severe pain in his right side. After delaying a hospital visit, he was eventually convinced by his doctors to check into New York Hospital for gall bladder surgery. On February 22, 1987, while in recovery from this routine operation, Andy Warhol died.  Following burial in Pittsburgh, thousands of mourners paid their respects at a memorial service held at Manhattan’s St. Patrick’s Cathedral. The service was attended by numerous associates and admirers including artists Roy Lichtenstein, Keith Haring, and entertainer Liza Minnelli. Readings were contributed by Yoko Ono and Factory collaborator and close friend, Brigid Berlin. Andy would have been 87 today.

More than twenty years after his death, Andy Warhol remains one of the most influential figures in contemporary art and culture. Warhol‚Äôs life and work inspires creative thinkers worldwide thanks to his enduring imagery, his artfully cultivated celebrity, and the ongoing research of dedicated scholars. His impact as an artist is far deeper and greater than his one prescient observation that ‚Äúeveryone will be world famous for fifteen minutes.‚ÄĚ His omnivorous curiosity resulted in an enormous body of work that spanned every available medium and most importantly contributed to the collapse of boundaries between high and low culture.

Pop artist Andy Warhol smiles in New York in this 1976 file photo. Warhol’s 87th birthday would have been Today, Aug. 6, 2015. Warhol died in 1987. (AP Photo/Richard Drew, File)

Pop artist Andy Warhol smiles in New York in this 1976 file photo. Warhol’s 87th birthday would have been Today, Aug. 6, 2015. Warhol died in 1987. (AP Photo/Richard Drew, File)

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