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The Italian nonprofit arts organization Depart Foundation, which exhibits contemporary emerging and mid-career artists from around the world in Rome, is expanding its footprint, debuting a West Hollywood space Wednesday night with a show by Italian artist Gabriele De Santis.

Since launching in 2008 with the dual mission of adding to the Italian contemporary art scene as well as sparking an international art dialogue, Depart has premiered work by artists Sterling Ruby, Oscar Murillo, Nate Lowman, Frances Stark, Sam Falls, Amanda Ross-Ho and Lucien Smith, among others.

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This past November, Francis Bacon’s triptych portrait Three Studies of Lucian Freud (1969) sold for $142.4 million at Christie’s, setting an artist’s record and becoming the most expensive work ever sold at auction. Less than a month later, the massive contemporary masterpiece turned up on loan, not at a modern-day art mecca like New York’s Museum of Modern Art (as Edvard Munch’s The Scream did), but on the opposite end of the US, at the Portland Art Museum in Oregon. The painting, which remained on view there through early April, was loaned by its new owner Elaine Wynn, ex-wife of casino mogul and top collector Steve Wynn. Mrs. Wynn, a resident of Nevada, was reportedly entitled to save more than $10 million in taxes by first parking the painting at the Portland Art Museum before bringing it to her home state.

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Tuesday, 12 November 2013 18:05

Contemporary Art Fares Well at Phillips

New York’s Contemporary art sales kicked off on Monday, November 11 at Phillips. The sale, which featured 40 lots, garnered over $68 million and sold 88% by lot and 84% by value. The top lot was Roy Lichtenstein’s Woman with Peanuts, which sold for $10.8 million, just past its low estimate of $10 million. Other highlights from the sale included Andy Warhol’s Nine Gold Marilyns (Reversal Series), which realized $$9.1 million and Jeff Koons’ Buster Keaton, which sold for $4.4 million. There were a number of records set for popular contemporary artists including Nate Lowman, Lucien Smith and Jacob Kassay.

Sales will continue on November 12 and November 13 at Christie’s and Sotheby’s.

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