This is a summary blog page dedicated to the latest Art World News that caught our eye
Original Article Title and Author
ARTnews
Klimt’s Final Masterpiece Sells for $94.3 M., Achieving European Auction Record
By Daniel Cassady, June 27, 2023
Article Summary
Here's a brief summary of the latest article by the talented ARTnews senior writer Daniel Cassady.
To read the actual article please see the link below.
The article reports that Gustav Klimt's painting "Dame mit Fächer" (Lady with a Fan) has set a new European auction record, selling for an astounding £74 million ($94.3 million) at Sotheby's London Modern and Contemporary Evening Auction. The total price, including fees, reached £85.3 million ($108 million). This sale surpasses the previous record held by Alberto Giacometti's "Walking Man I," which sold for $104.3 million in 2010 at Sotheby's London.
Not as well-known as Klimt's famous works like "The Kiss" or "Portrait of Adele Bloch-Bauer I," "Lady with a Fan" still showcases the artist's instinctiveness and artistic skill. The painting was reportedly on an easel in Klimt's studio when he passed away from a stroke in early 1918.
ARTnews
Klimt’s Final Masterpiece Sells for $94.3 M., Achieving European Auction Record
By Daniel Cassady, June 27, 2023
Article Summary
Here's a brief summary of the latest article by the talented ARTnews senior writer Daniel Cassady.
To read the actual article please see the link below.
The article reports that Gustav Klimt's painting "Dame mit Fächer" (Lady with a Fan) has set a new European auction record, selling for an astounding £74 million ($94.3 million) at Sotheby's London Modern and Contemporary Evening Auction. The total price, including fees, reached £85.3 million ($108 million). This sale surpasses the previous record held by Alberto Giacometti's "Walking Man I," which sold for $104.3 million in 2010 at Sotheby's London.
Not as well-known as Klimt's famous works like "The Kiss" or "Portrait of Adele Bloch-Bauer I," "Lady with a Fan" still showcases the artist's instinctiveness and artistic skill. The painting was reportedly on an easel in Klimt's studio when he passed away from a stroke in early 1918.
Original Article Title and Author
Artnet News
At a Post-Crypto-Crash Art Basel, Tech-Based Art Is Trying Hard to Blend in and Look Like… Painting?
By Kate Brown, June 14, 2023
Article Summary
Here's a brief summary of the latest article by the talented Kate Brown.
To read the actual article please see the link below.
This article discusses the absence of crypto-art at the Art Basel fair following the crypto market crash in 2022. The article highlights the caution among buyers due to the risks associated with crypto and the overall uncertainty in the art market. Galleries that were previously active in the crypto space have shifted their focus to traditional artworks, while still engaging with crypto in other ways outside of the fair. However, there were a few instances of NFT-based art at the fair, with artists attempting to blend technology and traditional mediums. The article also mentions Arcual, a company using blockchain technology for ownership chains in the art market, and the growing interest in artificial intelligence (AI) in the art world. Overall, while the enthusiasm for crypto-art has waned, there is still belief in its long-term potential, and the art world may see a return of more tech-based artworks in the future.
Artnet News
At a Post-Crypto-Crash Art Basel, Tech-Based Art Is Trying Hard to Blend in and Look Like… Painting?
By Kate Brown, June 14, 2023
Article Summary
Here's a brief summary of the latest article by the talented Kate Brown.
To read the actual article please see the link below.
This article discusses the absence of crypto-art at the Art Basel fair following the crypto market crash in 2022. The article highlights the caution among buyers due to the risks associated with crypto and the overall uncertainty in the art market. Galleries that were previously active in the crypto space have shifted their focus to traditional artworks, while still engaging with crypto in other ways outside of the fair. However, there were a few instances of NFT-based art at the fair, with artists attempting to blend technology and traditional mediums. The article also mentions Arcual, a company using blockchain technology for ownership chains in the art market, and the growing interest in artificial intelligence (AI) in the art world. Overall, while the enthusiasm for crypto-art has waned, there is still belief in its long-term potential, and the art world may see a return of more tech-based artworks in the future.
Original Article Title and Author
Artnet News
Art Basel’s Day-One Sales Show Demand for Fresh Work Is Undented, While Secondary Material Receives More Price Scrutiny
By Naomi Rea, June 13, 2023
Article Summary
Here's a brief summary of the latest article by the brilliant artnet's global news editor Naomi Rea.
To read the actual article please see the link below.
The article discusses the state of the art market after Art Basel's day one sales. Despite economic uncertainties and geopolitical tensions, the demand for fresh artwork remains strong, while secondary market material faces increased scrutiny in terms of pricing.
The article highlights that some collectors chose to skip Art Basel this year, and those who did attend had a cautious approach, considering alternative investments like bonds. There is a general sentiment that art prices have experienced significant inflation, making artworks increasingly expensive. As a result, galleries put in extra effort to curate their presentations and stage-manage the success of the fair, as well as focusing on pre-selling the works with Gagosian’s preview selling 120 works and David Zwirner’s around 200. The focus seems to be shifting towards a less transactional and more artistic experience, with a greater emphasis on engaging curators rather than investors. Classic blue-chip artwork took center stage this year, and booths were better curated overall. There was also a notable increase in sculpture sales, suggesting a desire among collectors to live with the art rather than solely flipping it.
The primary market saw continued demand for young artists, particularly those with rising auction results. Blue-chip contemporary art also performed well, with several notable sales reported. However, the secondary market seemed to be impacted by uncertainty, leading to slower sales and increased opacity in pricing.
While some buyers found it easier to acquire works that were previously inaccessible, particularly on the emerging art side, there was a growing sense of caution about investing in lesser-quality works by popular artists. David Zwirner gallery, among a few others, made a surprising decision not to disclose prices for secondary-market sales, making it difficult to determine the pricing environment accurately.
Despite the market adjustment, top-end prices becoming more rational, and deals being made at a more considered pace, gallerists reported better sales volume and average prices compared to the previous year. The article suggests that while a market recalibration is likely underway, shifting the focus back to the artistic achievements rather than solely pursuing record-setting prices might be a positive development for the art world.
Artnet News
Art Basel’s Day-One Sales Show Demand for Fresh Work Is Undented, While Secondary Material Receives More Price Scrutiny
By Naomi Rea, June 13, 2023
Article Summary
Here's a brief summary of the latest article by the brilliant artnet's global news editor Naomi Rea.
To read the actual article please see the link below.
The article discusses the state of the art market after Art Basel's day one sales. Despite economic uncertainties and geopolitical tensions, the demand for fresh artwork remains strong, while secondary market material faces increased scrutiny in terms of pricing.
The article highlights that some collectors chose to skip Art Basel this year, and those who did attend had a cautious approach, considering alternative investments like bonds. There is a general sentiment that art prices have experienced significant inflation, making artworks increasingly expensive. As a result, galleries put in extra effort to curate their presentations and stage-manage the success of the fair, as well as focusing on pre-selling the works with Gagosian’s preview selling 120 works and David Zwirner’s around 200. The focus seems to be shifting towards a less transactional and more artistic experience, with a greater emphasis on engaging curators rather than investors. Classic blue-chip artwork took center stage this year, and booths were better curated overall. There was also a notable increase in sculpture sales, suggesting a desire among collectors to live with the art rather than solely flipping it.
The primary market saw continued demand for young artists, particularly those with rising auction results. Blue-chip contemporary art also performed well, with several notable sales reported. However, the secondary market seemed to be impacted by uncertainty, leading to slower sales and increased opacity in pricing.
While some buyers found it easier to acquire works that were previously inaccessible, particularly on the emerging art side, there was a growing sense of caution about investing in lesser-quality works by popular artists. David Zwirner gallery, among a few others, made a surprising decision not to disclose prices for secondary-market sales, making it difficult to determine the pricing environment accurately.
Despite the market adjustment, top-end prices becoming more rational, and deals being made at a more considered pace, gallerists reported better sales volume and average prices compared to the previous year. The article suggests that while a market recalibration is likely underway, shifting the focus back to the artistic achievements rather than solely pursuing record-setting prices might be a positive development for the art world.
Original Article Title and Author
The Art Newspaper
‘We charge you with ecocide’: climate protestors call for ouster of Museum of Modern Art board chair at gala.
By Benjamin Sutton, June 7, 2023
Article Summary
Here's a brief summary of the latest article by the awesome Benjamin Sutton.
To read the actual article please see the link below.
Climate protestors gathered outside MoMA in New York during the museum's annual Party in the Garden benefit gala. The activists called for the removal of board chair Marie-Josée Kravis and her husband Henry Kravis due to their ties to the fossil fuel industry. The protestors displayed a 20ft-tall prop resembling an oil well, adorned with a reproduction of Ed Ruscha's painting of a flaming gas station, with the text "MOMA DROP KRAVIS." They chanted slogans accusing Henry Kravis of ecocide and criticized the museum for associating with billionaires rather than prioritizing clean air and climate action.
The protest coincided with poor air quality in New York caused by smoke from Canadian wildfires, underscoring the urgency of climate change.
MoMA did not respond to requests for comment. The demonstration at MoMA reflects the growing pressure on museums to sever ties with individuals and companies associated with the fossil fuel industry.
The Art Newspaper
‘We charge you with ecocide’: climate protestors call for ouster of Museum of Modern Art board chair at gala.
By Benjamin Sutton, June 7, 2023
Article Summary
Here's a brief summary of the latest article by the awesome Benjamin Sutton.
To read the actual article please see the link below.
Climate protestors gathered outside MoMA in New York during the museum's annual Party in the Garden benefit gala. The activists called for the removal of board chair Marie-Josée Kravis and her husband Henry Kravis due to their ties to the fossil fuel industry. The protestors displayed a 20ft-tall prop resembling an oil well, adorned with a reproduction of Ed Ruscha's painting of a flaming gas station, with the text "MOMA DROP KRAVIS." They chanted slogans accusing Henry Kravis of ecocide and criticized the museum for associating with billionaires rather than prioritizing clean air and climate action.
The protest coincided with poor air quality in New York caused by smoke from Canadian wildfires, underscoring the urgency of climate change.
MoMA did not respond to requests for comment. The demonstration at MoMA reflects the growing pressure on museums to sever ties with individuals and companies associated with the fossil fuel industry.
Original Article Title and Author
The New York Times
The Art of Reusing Plastic - The artists Beverly Barkat and Germane Barnes play with discarded plastic — including bottles, cups and printer cartridges — to explore the possibilities of reinventing waste.
By James Barron, June 6, 2023
Article Summary
Here's a brief summary of the latest article by the talented James Barron from his New York Today Newsletter.
To read the actual article please see the link below.
The article discusses two artists, Beverly Barkat and Germane Barnes, who are exploring the possibilities of reinventing waste plastic through their artwork. Beverly Barkat collected plastic waste from various sources, including her travels and friends in different countries. She used the collected plastics to create a 13-foot-tall globe called "Earth Poetica" installed at 3 World Trade Center for World Environment Day, which was yesterday, June 5th. The globe serves as a metaphor for the global plastic waste problem.
Germane Barnes, on the other hand, used recycled toner cartridges from Hewlett-Packard printers to create an installation called "Create What's Next."
The immersive installation showcased various objects made from different-colored cartridges, highlighting the circularity of the recycling process.
Both artists aim to raise awareness about plastic pollution and encourage individuals to take action.
The New York Times
The Art of Reusing Plastic - The artists Beverly Barkat and Germane Barnes play with discarded plastic — including bottles, cups and printer cartridges — to explore the possibilities of reinventing waste.
By James Barron, June 6, 2023
Article Summary
Here's a brief summary of the latest article by the talented James Barron from his New York Today Newsletter.
To read the actual article please see the link below.
The article discusses two artists, Beverly Barkat and Germane Barnes, who are exploring the possibilities of reinventing waste plastic through their artwork. Beverly Barkat collected plastic waste from various sources, including her travels and friends in different countries. She used the collected plastics to create a 13-foot-tall globe called "Earth Poetica" installed at 3 World Trade Center for World Environment Day, which was yesterday, June 5th. The globe serves as a metaphor for the global plastic waste problem.
Germane Barnes, on the other hand, used recycled toner cartridges from Hewlett-Packard printers to create an installation called "Create What's Next."
The immersive installation showcased various objects made from different-colored cartridges, highlighting the circularity of the recycling process.
Both artists aim to raise awareness about plastic pollution and encourage individuals to take action.
Original Article Title and Author
ARTnews
Whitney Museum Hires Star Brooklyn Museum Curator for Photography Department
By Alex Greenberger, May 30, 2023
Article Summary
Here's a brief summary of the latest article by the brilliant Alex Greenberger. To read the actual article please see the link below.
The Whitney Museum of American Art has announced the appointment of Drew Sawyer, a curator from the Brooklyn Museum, as the new Sondra Gilman Curator of Photography. Sawyer will assume the role in July, succeeding Elisabeth Sussman, who will continue to work at the Whitney as she completes an upcoming exhibition on artist Harry Smith. In his new position, Sawyer will oversee the Whitney's photography collection, lead the acquisition committee for photography, and work alongside the museum's drawing and prints curator to facilitate the Sondra Gilman Study Center. Sawyer's appointment is part of a series of changes in the Whitney's curatorial staff, including the recent promotion of Marcela Guerrero and Jennie Goldstein, and the upcoming appointment of Scott Rothkopf as director.
ARTnews
Whitney Museum Hires Star Brooklyn Museum Curator for Photography Department
By Alex Greenberger, May 30, 2023
Article Summary
Here's a brief summary of the latest article by the brilliant Alex Greenberger. To read the actual article please see the link below.
The Whitney Museum of American Art has announced the appointment of Drew Sawyer, a curator from the Brooklyn Museum, as the new Sondra Gilman Curator of Photography. Sawyer will assume the role in July, succeeding Elisabeth Sussman, who will continue to work at the Whitney as she completes an upcoming exhibition on artist Harry Smith. In his new position, Sawyer will oversee the Whitney's photography collection, lead the acquisition committee for photography, and work alongside the museum's drawing and prints curator to facilitate the Sondra Gilman Study Center. Sawyer's appointment is part of a series of changes in the Whitney's curatorial staff, including the recent promotion of Marcela Guerrero and Jennie Goldstein, and the upcoming appointment of Scott Rothkopf as director.
Original Article Title and Author
Artnet News
A Dealer Who Called Out the Art World’s Lack of Due Diligence Is Himself a Victim of Lisa Schiff’s Alleged Ponzi Scheme Parallels between two blockbuster lawsuits involving art fraud raise questions about “best practices.”
By Eileen Kinsella, May 26, 2023
Article Summary
The article discusses two separate lawsuits in the art world that raise questions about best practices and adherence to due diligence. The first lawsuit involves Lisa Schiff, a high-profile art advisor who has been accused of fraud, breach of contract, and other charges. The plaintiffs, Candace Barasch and Richard Grossman, seek their share of the profits from the sale of an Adrian Ghenie painting in which they had invested. Adam Sheffer, a prominent New York dealer and expert witness in art-related lawsuits, is referenced in the lawsuit as Grossman's spouse but is not a plaintiff in the case.
The second lawsuit involves a long-running legal dispute over a Rudolf Stingel painting connected to art dealer Inigo Philbrick, who engaged in fraudulent art dealings. Sheffer, in his capacity as an expert witness, criticized the lack of due diligence in a complex art flipping deal related to the Stingel painting. He highlighted the failure of one of the parties to protect their interests and register their ownership properly.
The article points out similarities between the Schiff and Stingel cases, emphasizing how Schiff allegedly controlled the sale proceeds and failed to distribute them while exercising control over the artwork and storage facilities. The lawsuits shed light on the challenges and potential lapses in best practices within the art world.
Artnet News
A Dealer Who Called Out the Art World’s Lack of Due Diligence Is Himself a Victim of Lisa Schiff’s Alleged Ponzi Scheme Parallels between two blockbuster lawsuits involving art fraud raise questions about “best practices.”
By Eileen Kinsella, May 26, 2023
Article Summary
The article discusses two separate lawsuits in the art world that raise questions about best practices and adherence to due diligence. The first lawsuit involves Lisa Schiff, a high-profile art advisor who has been accused of fraud, breach of contract, and other charges. The plaintiffs, Candace Barasch and Richard Grossman, seek their share of the profits from the sale of an Adrian Ghenie painting in which they had invested. Adam Sheffer, a prominent New York dealer and expert witness in art-related lawsuits, is referenced in the lawsuit as Grossman's spouse but is not a plaintiff in the case.
The second lawsuit involves a long-running legal dispute over a Rudolf Stingel painting connected to art dealer Inigo Philbrick, who engaged in fraudulent art dealings. Sheffer, in his capacity as an expert witness, criticized the lack of due diligence in a complex art flipping deal related to the Stingel painting. He highlighted the failure of one of the parties to protect their interests and register their ownership properly.
The article points out similarities between the Schiff and Stingel cases, emphasizing how Schiff allegedly controlled the sale proceeds and failed to distribute them while exercising control over the artwork and storage facilities. The lawsuits shed light on the challenges and potential lapses in best practices within the art world.
ArtToSaveLives Contemporary
We are currently available at various pop-ups, online and via FaceTime, as we are gearing up to find our Sanctuary's permanent destination.
Stay tuned! Thank you!
We are currently available at various pop-ups, online and via FaceTime, as we are gearing up to find our Sanctuary's permanent destination.
Stay tuned! Thank you!
