Displaying items by tag: Contemporary Art

After 89 years in British collections, Pablo Picasso’s (1881-1973) Child with a Dove will leave the UK. The painting, which marks Picasso’s transition from a predominantly Impressionist style to his somber blue period, was sold last year to a collector in Qatar for nearly $77 million. The UK’s government quickly placed an export ban on the work in hopes that a British buyer would step up and claim the painting. The ban expired in December and no British collector or institution was able to raise the funds necessary to keep Child with a Dove in the country.

Qatar has emerged as a major force in the modern and contemporary art markets in recent years. In 2011, the emirate purchased one of Paul Cézanne’s (1839-1906) versions of The Card Players for $250 million. Other major acquisitions by the country include Mark Rothko’s (1903-1970) White Center (Yellow, Pink and Lavender on Rose) for $72 million as well as works by Andy Warhol (1928-1987) and Richard Serra (b. 1939).  

Child with a Dove first came to the UK in 1924 after being purchased by a British collector, Mrs. R.A. Workman. The painting eventually made its way to the art collector Samuel Courtauld and following his death in 1947 was bequeathed to the Welsh Aberconway family. Christie’s sold the painting in 1947 on behalf of the Aberconways. Just last year the painting went on display at the Courtauld Gallery, which Samuel Courtauld founded, as part of the exhibition Becoming Picasso: Paris 1901. The exhibition ends on May 27, 2013 at which point the painting will be returned to Christie’s and then shipped out of the UK.  

Christie’s will present a seminal painting by Jackson Pollock (1912-1956) during their Contemporary Art Evening Auction on May 15, 2013. Created during Pollock’s most important artistic period, Number 19 (1948) is the most significant painting by the artist to appear at auction in 20 years.

One of Pollock’s famous drip paintings, Number 19 features layer upon layer of swirling silver, black, and white paint punctuated by pops of red and green. The movement of the paint mimics the movement of Pollock’s hand, creating a unique connection between the artist and the viewer.

From 1947 to 1950 Pollock was exceptionally prolific as an artist. It was during this time that he revolutionized abstract painting with his gestural drip paintings. 1948 is considered the year that Pollock truly mastered the technique, exhibiting more control over the thinned enamel paint he poured and dripped onto unprimed surfaces.

Number 19, which is an exemplary work from this remarkable period in Pollock’s career, is expected to garner anywhere form $25 million to $35 million at auction.      

The Board of Trustees of the Corcoran Gallery of Art in Washington, D.C. announced an upcoming partnership with the National Gallery of Art. The three-year agreement allows the Corcoran to exhibit works of modern and contemporary art from the National Gallery’s collection while the museum’s East Building is under renovation. The Corcoran is working on trimming expenses and has been battling rumors that it will sell its landmark Beaux Arts building due to financial troubles. During the Board’s announcement, officials scrapped any speculation by confirming that the Corcoran will not be moving.

The Corcoran has collaborated with the National Gallery in the past but their new partnership is the most expansive to date. Earl A. Powell III, Director of the National Gallery of Art, said, “We are very pleased to be able to share works from the nation’s collection of modern art with visitors to the Corcoran while our East Building is closed for renovations. We have a history of lending works to the Corcoran, but the larger number of works addressed by this agreement and the increased length of their exhibition at the Corcoran makes this a new development in our long relationship.”

The National Gallery of Art is expected to close for renovations beginning next year.

The Louvre has been on the hunt for a director since the current chief, Henry Loyrette, announced his resignation in December 2012. Today, April 3, 2013, French President Francois Hollande announced his decision to appoint Jean-Luc Martinez, a French specialist in Greek, Roman, and Etruscan antiquities, as the museum’s new director.

Martinez, who has worked with the Louvre since 2007, is currently helming the restoration of the museum’s famed sculpture Winged Victory of Samothrace. He has participated in a number of other projects at the museum including the creation of the Louvre’s outpost in the French city of Lens as well as the museum’s expansion in Abu Dhabi.

Martinez, 49, has signed on for a three-year term and will take over operations in mid-April. Loyrette, who has been the Louvre’s director for 12 years, leaves behind a lasting legacy. During his time at the museum Loyrette nearly doubled the Louvre’s annual attendance. By the end of 2012, approximately 10 million people were visiting the museum each year, making it the busiest museum in the world. Loyrette also implemented the museum’s contemporary art program, employed a policy that relied on crowed-sourced fundraising, and launched a number of successful public campaigns.

The search for a new chief was extensive; for the first time in the museum’s 220-year history the Louvre considered hiring non-French candidates for the role of director.

To celebrate their sponsorship of the George Caleb Bingham Catalogue Raisonné Supplement, Rachel Cozad Fine Art in Kansas City, MO presents an exhibition of four paintings by the American artist George Caleb Bingham (1811-1879). Three of the paintings on view were recently discovered and have never been on public display. The works on view, which have been added to the artist’s updated Catalogue Raisonné, are Baiting the Hook, Horse Thief, and two portraits.

Since 2005, 15 newly authenticated paintings by Bingham have been added to his oeuvre of approximately 500-recorded paintings. Renowned art historian E. Maurice Bloch and the University of Missouri Press first published The Paintings of George Caleb Bingham: A Catalogue Raisonné in 1986; the comprehensive Catalogue included all of Bingham’s known paintings at the time of publication. In 2005, art historian Fred R. Kline and the Kline Art Research Associates launched The George Caleb Bingham Catalogue Raisonné Supplement. The ongoing project is aimed at updating Bloch’s Catalogue while maintaining the high standard of scholarship on Bingham’s life and work that Bloch set in motion.

 Rachel Cozad Fine Art, which specializes in modern and contemporary art as well as 19^th and 20^th century American art, has a special focus devoted to Bingham. Bingham, who is best known for his paintings of American life on the frontier along the Missouri River, was a pioneer Luminism, a landscape painting style characterized by its careful depiction of light, the use of aerial perspective, and the practice of concealing visible brushstrokes.

Marguerite Steed Hoffman, a current trustee and former chairman of the Dallas Museum of Art, has donated $17 million to the institution to create the Marguerite and Robert Hoffman Fund for European Art Before 1700. Hoffman specified that $13.6 million is to be used for acquisitions and the remaining $3.4 million is allotted for exhibitions and planning. Hoffman’s generous gift is one of the country’s largest geared towards the purchase and care of Old Master works.

While the Dallas Museum of Art has a substantial collection of late 19^th and early 20^th century works, its Old Master holdings are lacking. Hoffman’s donation will help expand its European Renaissance and Baroque collections; her gift also more than doubles the museum’s acquisition endowment.

Hoffman created the fund in honor of her late husband, Robert, who died in 2006. The two were important benefactors of the museum for years and participated in an important gift of modern and contemporary art that took place in 2005. The gift was part of a campaign that helped raise over $185 million for the museum.

In 1979 when Jean-Michel Basquiat (1960-1988) was still an unknown graffiti artist, he shared an apartment with his girlfriend, Alexis Adler, in Manhattan’s East Village. Typical of his street art roots, Basquiat covered the space in murals, his signature scrawled crowns, and other artistic markings. The couple split up a year later, shortly before Basquiat rocketed to art stardom. Sadly, his life and career were cut tragically short by a drug overdose in 1988.

Adler, who now works as an embryologist at New York University, eventually purchased the apartment she once shared with Basquiat and never painted over his work. She also held on to the artist’s notebooks, postcards, painted clothes, photographs, and drawings. After three decades, Adler has begun consulting with advisors in regard to her unparalleled collection of Basquiat ephemera. It has been rumored that she is looking to release a book on her never-before-seen collection, which could entail an exhibition and sale, but has not been confirmed by Adler.      

After his death, Basquiat remained a major figure in the art market and he continues to be the subject of highly anticipated exhibitions. Adler’s holdings will no doubt be a welcomed addition to the Basquiat market presence. In an attempt to ready herself for the frenzy that will undoubtedly ensue, Adler has hired Stephen Torton, Basquiat’s former assistant, to represent her in any future sales. Lisa Rosen of Fine Art Restoration is responsible for refurbishing and removing a wall from the apartment that contains a full Basquiat mural and Sur Rodney Sur, the former director of the Gracie Mansion gallery, has already catalogued the 65-plus items in the collection.

Also included in Adler’s remarkable collection is a script for a play written by Basquiat and rolls of 35mm film documenting the artist at work as well as candidly going about his day. The collection offers a rare glimpse of the artist on the brink of unprecedented fame.

The Los Angeles Museum of Contemporary Art (MOCA) is ramping up endowment efforts after a wave of financial and administrative troubles left the institution’s future murky. Museum officials announced on Tuesday, March 26, 2013 that the amount of promised donations would raise MOCA’s endowment to $60 million, the highest in the institution’s 34-year history.        

Jeffrey Soros, the president of MOCA’s board, and trustee Eugenio Lopez, a prominent art collector, are helming the new fundraising campaign known as MOCA Independence. The goal of the campaign is to raise $100 million, which will allow the museum to continue operating as an independent institution devoted to contemporary art.  

MOCA’s troubles began in 2008 when overspending and dwindling investments left the museum with an endowment of a few million dollars. Eli Broad, a billionaire art collector and one of MOCA’s founding board members, gave the museum a second chance when he donated $15 million to the institution; Broad also pledged $15 million to match outsider contributions. While Broad’s generosity helped keep the museum afloat, MOCA struggled to find donors that would match his pledge.

MOCA’s troubles prompted partnership offers from the Los Angeles County Museum of Art and the National Gallery of Art in Washington, D.C. The museum declined both offers in favor of maintaining its independence.

China’s art market experienced a substantial boom in 2011, bumping the United States out of its top spot and ultimately becoming the world’s principal market for art and antiques. In 2012, amid the uncertain global economy, China’s growth began to slow and its art and antiques market shrank by almost a quarter. This deceleration allowed the U.S. to regain its title as the world’s most significant art market.

The power shift was announced as part of the highly anticipated TEFAF Art Market Report compiled by Dr. Clare McAndrew. McAndrew, a cultural economist who specializes in the fine and decorative art market, is the founder of Arts Economics, a company commissioned by The European Fine Art Foundation to provide a yearly analysis of the worldwide art market. The report coincides with the beginning of TEFAF Maastricht, the Foundation’s annual art fair, which begins March 15, 2013 in the Netherlands and runs through March 24, 2013.

Slowing economic growth and a lack of high quality, high priced items on the market are to blame for China’s slip to the second most influential art market. While auction sales dropped by 30% in China, U.S. sale figures were up 5% to $18.4 billion. In 2012, buyers opted to minimize financial risk by buying works by well-known artists at the top end of the market with Post-War and Contemporary art performing the strongest.

Dr. McAndrew will present her findings at the TEFAF Art Symposium on Friday, March 15, 2013 in Maastricht.

100 years after the 1913 Armory Show changed the landscape of American art forever, the current incarnation of the event opened to the public today, March 7, 2013. Mayor Michael Bloomberg held a press conference to inaugurate the 2013 Armory Show, which features 214 exhibitors from across the globe. The event is expected to draw about 66,000 visitors and will generate approximately $54 million in the city during its four-day run.

This year’s Armory Show features a specially curated section titled ‘Armory Focus: USA’ and aims to celebrate the remarkable impact the 1913 Armory Show had on the country. The section is curated by Eric Shiner, the director of The Andy Warhol Museum in Pittsburgh, PA and features 17 established and emerging galleries that focus on contemporary art.

The Armory Show is held on Piers 92 and 94 in central Manhattan and is part of the highly anticipated Armory Arts Week, a suite of cultural events and exhibitions taking place across the city from March 7-10, 2013.