Displaying items by tag: contemporary

When the Crystal Bridges Museum of American Art opened its doors for the first time in Bentonville, Arkansas on November 11, 2011, the institution presented about 450 works of art, nearly half of its entire holdings. A little over a year later, the Crystal Bridges’ collection has ballooned and now includes over 2,000 artworks thanks to an active acquisition program led by Executive Director Don Bacigalupi, museum curators, and a solid leadership board. Within the past year, the Crystal Bridges Museum has acquired five sculptures, eight paintings, one mixed media work, 468 prints, and 504 works on paper, including photographs, drawings, and watercolors.

Museum officials were particularly excited to acquire a large painting by Abstract Expressionist artist, Mark Rothko, titled No. 210/No.2011 (Orange) (1960) and held an official unveiling back in October. The piece, which has only been exhibited twice in public, is currently part of the museum’s temporary exhibition, See the Light: The Luminist Tradition in American Art. After the show closes in late January, the Rothko work will be moved to the museum’s Twentieth-Century Art Gallery.

Other major acquisition include a portrait by American folk artist Ammi Phillips (1788-1865), titled Woman in Black Ruffled Dress (circa 1835); a neoclassical white marble sculpture completed in 1867 by William Wetmore Story (1819-1895); a contemporary mixed-media work from the early 1980s by Californian artist Miriam Schapiro (b. 1923); and a large painting titled Tobacco Sorters (1942-44) by the twentieth-century American artist, Thomas Hart Benton (1889-1975), which was commissioned by the American Tobacco Company.

A private collector who specialized in early twentieth-century works facilitated the major growth in the museum’s print department. The recent acquisitions vary in style from Benton’s Regionalism to Charles Sheeler’s (1883-1965) Precisionism and include drypoints, etchings, engravings, lithographs, screenprints, woodcuts, and wood engravings. A selection of recently acquired prints will be part of the temporary exhibition Art Under Pressure: Early Twentieth Century American Prints, which will be on view from December 21 through April 22, 2013.

While hedge-fund owner, Steven A. Cohen, is embroiled in a financial fiasco, the art world is anxiously waiting to see what will become of his impressive art collection. The U.S. Securities and Exchange Commission has informed Cohen that his $14 billion company, SAC Capital Advisors LP, could be at the center of an insider-trading lawsuit. The SEC is currently suing SAC Capital’s former portfolio manager, Mathew Martoma.

Cohen, who is worth $9.5 billion, started building his collection around 2001 and is now regarded as one of the biggest and most influential art collectors. Once a major buyer of Impressionist works, Cohen began collecting more contemporary pieces and helped raise prices of big-name artists like Damien Hirst, whose shark in formaldehyde, titled The Physical Impossibility of Death in the Mind of Someone Living, he bought for $8 million.  

Cohen’s collection also includes works by Vincent van Gogh, Edouard Manet, Willem de Kooning, Pablo Picasso, Paul Cezanne, Andy Warhol, Francis Bacon, and Jasper Johns. If Cohen’s troubles worsen, he may be forced to dismantle his carefully assembled collection and begin selling his artworks.

The Dr. Susan Weber Gallery is now open at the Victoria & Albert Museum in London. Designed by the Scottish firm NORD architecture, the gallery houses the museum’s expansive furniture collection that was once relegated to occasional displays and temporary exhibitions.

The museum’s collection spans more than five centuries and features over 200 pieces of British and European furniture as well as guest pieces from America and Asia. The V & A’s holdings are varied and include classic works by historic names like Thomas Chippendale and George Bullock as well as modern and contemporary pieces. Special attention is paid to the process of furniture making and the gallery’s display emphasizes the materials and techniques responsible for each masterpiece. The vast collection allows patrons to see how such things as joinery, turning, carving, veneering, marquetry, and upholstery have changed over the years.

Highlights on view include a 17^th-century scagliola table, Patrick Jouin’s “One Shot” folding stool, which is the earliest example of contemporary digitial manufacturing, a painted Tyrolean cupboard from 1776, and a 15^th-century desk-cupboard made from oak that was sources from 1,500 miles away. The new gallery also features touch-screen interfaces, short films that explain fundamental techniques, and audio commentary by furniture-makers and historians.

The gallery was funded by and named after Dr. Susan Weber, a graduate of London’s Royal College of Art. Since 1991, Weber has served as the founder and director of Bard College’s Graduate Center for studies in the decorative arts, design, and culture in upstate New York.

While rocket fire is a normal occurrence in southern Israel, the recent attacks on Tel Aviv, the country’s northern capital city, has art museums in the area taking extra precautions. The walls of the Tel Aviv Museum of Art have been stripped and nearly 200 works, including approximately 100 works by relatives of the Renaissance master Pieter Brueghel the Elder, were moved to a rocket-proof safe late last week.

While the Israeli-Palestinian conflict has continued to escalate, other museums are following suit. The curator of the Ashdod Art Museum in southern Israel has taken down 15 works by the leading Contemporary Israeli artist, Tsibi Geva, and placed them in a vault deep underground. The structure is designed to withstand both rocket fire and biological weapons. It was the first time the Ashdod Museum has taken down any art amid attacks since opening in 2003.

While air strikes are creeping up from the southern Israel’s traditional rocket range to Jerusalem and Tel Aviv, some institutions are holding out on stashing their works. The Eretz Israel Museum in Tel Aviv, which specializes in Near Eastern antiquities and other art, has left its treasures in place. The Israel Museum in Jerusalem, which houses some of the country’s most prized antiquities and cultural artifacts has also continued to operate as usual.

The last time the Tel Aviv Museum of Art took down works during a conflict was in 1991 when Iraqi scud missiles pounded the city during the Gulf War.

Phillips de Pury & Company’s Contemporary art auction took place on November 15 in New York and garnered $79,904,500, a seemingly humble amount compared to the $887.5 million auction powerhouses Sotheby’s and Christie’s collectively raked in just days earlier.

A smaller scale auction house than its counterparts, Phillips de Pury offered 37 works, many of which were by younger emerging artists. Dan Colen, Tauba Auerbach, Rashid Johnson, and Sterling Ruby all hit record prices, but the top lot of the night was Andy Warhol’s portrait of Mao Zedong (1973) that sold for its low estimate of $12 million. Another Warhol portrait, this time of Jacqueline Kennedy from 1964, was being sold by Eli Broad and reached $11 million; it was expected to bring $10 million to $15 million. Jean-Michel Basquiat’s Humidity (1982) sold for $9 million, falling considerably behind its low estimate of $12 million. Another Basquiat, Self-Portrait (1982) fared better and brought $4 million, breaking its high estimate of $3.5 million despite having its authenticity questioned earlier in the day.

The auction total landed in the middle of its pre-sale estimate of $73,620,000-$110,730,000. While the edgier offerings from Phillips continued to sell well, works by more established artists brought less impressive prices. While this could be the result of mediocre quality, it is important to remember that tying up a $1 billion auction week is no easy feat.

Christie’s Post-War and Contemporary auction edged out Sotheby’s as the blockbuster sale of the week. Profits reached a walloping $412,253,100 on Wednesday night in New York and only six of the 73 lots went unsold. Beating the pre-sale estimate of $289,350,000-$411,800,000, the auction was the second highest grossing in Christie’s history. The record is currently held by the November 2006 Impressionist and Modern sale that brought $491.5 million. However, last night’s auction was the highest earning sale for the Post-War and Contemporary category to date.

During the course of the sale seven artist records were set and six works sold for over $20 million. Brett Gorvy, Chairman and International head of Post-War and Contemporary Art said, “We curated the sale around the rich variety of quality works and most coveted artists.” Works by these big name artists proceeded to sell for mind-bogglingly astronomical prices.

Andy Warhol’s iconic portrait of Marlon Brando, titled Marlon, (1966) sold for $23,714,500, Roy Lichtenstein’s interior Nude with Red Shirt (1995) brought $28,082,500, and Franz Kline’s seminal Abstract Expressionist painting, Untitled (1957) sold for a record $40,402,500. Other major sales included Warhol’s 3-D Statue of Liberty (1962) that went for $43,762,500, Mark Rothko’s Black Stripe (Orange, Gold and Black) that sold to a telephone bidder for $21,362,500, and Jeff Koons’ stainless steel Tulips (1995-2004) that brought $33,682,500, a new record for the artist. Jean-Michel Basquiat’s Untitled (1981) was expected to bring in big numbers and did not disappoint at $26,402,500, but the piece stayed under its high estimate of $30 million.

Contemporary sales continue tonight at Phillips de Pury.

The Contemporary art auction that took place at Sotheby’s Tuesday night made up for any disappointment stemming from last week’s Impressionist and modern art sale. Profits from the Contemporary sale reached $375.1, the highest total for any auction in Sotheby’s history. The previous record of $362 million was set in May of 2008.

The biggest sale of the night, Mark Rothko’s No. 1 (Royal Red and Blue) (1954) stirred up some competition and ended up selling to a telephone bidder for $75.1 million after the auction house’s fees. Other impressive sales included Jackson Pollack’s Number 4, 1951 that brought $40.4 million with fees, a record for the artist, and Francis Bacon’s Untitled (Pope) (1954) that sold for $29.7 million with fees. A number of high-quality works on paper by Andy Warhol also sold well. Green Disaster (Green Disaster Twice) (1963) sold to newsprint tycoon, Peter Brant, for $15.2 million and Suicide sold to the Manhattan art dealer, Philippe Ségalot, for $16.3 million, a record for a Warhol work on paper.

Out of 69 works offered at the auction, only 11 went unsold.

Four works by contemporary heavyweights Fred Tomaselli, Takashi Murakami, Mickalene Thomas, and Gilbert & George will be offered by Christie’s to benefit the artistic activities of the Brooklyn Museum. Profits from the sale, which will be held during the Post-War and Contemporary auction on November 15, will go towards the preservation and presentation of the museum’s collection, exhibitions, and a variety of public programs. The four works were made especially for the auction.

The sale marks the beginning of BKLYN: A Celebration of the Brooklyn Museum, a multi-year collaboration between Christie’s and the museum that will include additional sales benefitting the institution. Housed in a 560,000-square-foot Beaux-Arts building, the Brooklyn Museum is one of the oldest and largest institutions in the country. Its permanent collection features everything from ancient Egyptian pieces to contemporary art.

After a monumental postwar and contemporary auction that totaled $386 million this past spring, Christie’s expects an even bigger sale this November. Taking place November 14–15 in New York, the auction house estimates that the Post-War and Contemporary Art Sale could garner more than $441 million.

The 74-lot evening auction includes Andy Warhol’s Statue of Liberty canvas expected to bring in around $35 million and one of his silkscreens of Marlon Brando estimated at $15-$20 million. Other major draws include Jeff Koons’ balloon tulips for $25 million, a Rothko painting for $15-$20 million, and works by market darlings Alexander Calder, Gerhard Richter, Franz Kline, Ellsworth Kelly, and Jasper Johns. Jean-Michel Basquiat’s Untitled (1981) is expected to set records for the artist with an estimate of $20 million.

Christie’s has already brought in $928 million in contemporary art sales this year.

Considered one of the world’s most groundbreaking contemporary artists, Cy Twombly evaded classification while remaining culturally and artistically relevant from the early 1950s to the present. On Thursday, Gagosian Gallery mounted the dual tribute exhibitions, Cy Twombly: Last Paintings and Cy Twombly: A Survey of Photographs 1954–2011. The show will remain on view through December 22, 2012.

The eight untitled paintings are closely related to the Camino Real group that appeared at Gagosian Paris’ inaugural exhibition in 2010. Featuring bold colors and sweeping, gestural brushwork, the paintings exude the raw energy that typified Twombly’s work. Last Paintings opened in Los Angeles earlier this year and traveled to Hong Kong before opening in New York.

A Survey of Photographs features everything from early studio images taken in the 1950s to a group of landscapes taken in St. Barths in 2011, the year of Twombly’s death. While mainly regarded as a painter, Twombly’s photographic work has been the subject of a number of major exhibitions since 2008. Gagosian’s exhibition is the most comprehensive of its kind to take place in the United States to date.