Displaying items by tag: paul cezanne

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.

One of the most significant artists of the 20^th century, Henri Matisse (1869–1954) is best known for his use of color and fluid, innovative forms. A leading figure in modern art, the French artist defined the Fauvist movement, but defied classification. The works of Nicolas Poussin, Édouard Manet, Auguste Rodin, Paul Gauguin, Paul Cézanne, and Jean-Baptiste-Siméon Chardin inspired Matisse and he communed with groundbreaking artists such as Camille Pissarro, André Derain, and Gertrude Stein.

 The Metropolitan Museum of Art’s exhibition Matisse: In Search of Painting opens on December 4 and explores the evolution of Matisse as a painter. Matisse worked rigorously, often painting the same scene and subject over and over again to gauge his own progress and compare various techniques, a process he developed during his academic training.

In Search of Painting features just 49 vibrant canvases but spans Matisse’s entire career. Organized by Rebecca Rabinow, a curator of modern and contemporary art, the exhibition places the works in pairs and groups by subject to illustrate Matisse’s methodical process. In the 1930s, Matisse began having photographs taken at various stages of each painting to document their evolution. Three of the finished canvases along with their accompanying photographs will also be on view. The juxtaposition illustrates Matisse’s own self-awareness and the arduous process that led to each finished canvas.

Matisse: In Search of Painting will be on view through March 17, 2013.

Designed by Renzo Piano, the museum that houses the collection of John de Menil and Dominique de Menil opened to the public 25 years ago. A sold-out gala is being held tonight, November 29, to celebrate. The fete has raised $2.2 million, exceeding its $1.5 million goal. This is only the third gala held by the Menil Collection as the institution already boasts an endowment of approximately $200 million thanks to support from the board, donors, and corporate sponsors.

The theme of the night will be “Celebration in Blue,” a tribute to Yves Klein, an important figure in post-war European art and a personal friend of the Menils. Among the 700 guests will be Pablo Picasso’s grandson, Bernard Ruiz-Picasso, philanthropist Agnes Gund, president emerita of the Museum of Modern Art, and hedge fund chief John D. Arnold.

A silent auction will also be held at the gala. The 31 lots include works by Ed Ruscha, Olafur Eliasson, and Richard Serra. Proceeds will support operations and exhibitions. The museum plans to expand their contemporary art collection and hope to build the Menil Drawing Institute to house and exhibit modern and contemporary works.

The free museum features over 15,000 paintings, sculptures, prints, drawings, photographs, and rare books from the 20^th century, all of which were once part of the Menils extensive private art holdings. Included in the impressive collection are works by Paul Cezanne, Mark Rothko, Andy Warhol, Rene Magritte, Max Ernst, Henri Matisse, Pablo Picasso, and Jackson Pollack.

Patrons who are familiar with the permanent collection at Boston’s Museum of Fine Arts might become befuddled upon their next visit to the institution. Some of the museum’s finest works including Pierre-Auguste Renoir’s Dance at Bougival, the pivotal Claude Monet painting, La Japonaise: Camille Monet in a Japanese Costume, five works by Paul Cézanne, five more by Edouard Manet, and two of the masterpieces by Vincent Van Gogh are nowhere to be found.

While some of the works have been lent to museums in the United States, Japan, and Europe to enhance exhibitions, others have been rented to for-profit organizations. Loans between institutions are common practice, but compounded with the large number of works currently out on rent by the MFA, the museum’s own collection appears to be lacking. Currently, 26 of the MFA’s paintings are involved in exhibitions in Italy, which the institution received a hefty yet undisclosed fee for. Some of the works now on view in Italy are two paintings by John Singleton Copley and two Rembrandt portraits as well as single works by Eugène Delacroix, Paolo Veronese, Winslow Homer, John Singer Sargent, Paul Gauguin, Alberto Giacometti, and Pablo Picasso.

While the MFA is excited to be raising revenues, the act of charging fees for lending works has been a source of controversy. One of the main duties of public institutions, including art museums, is to share their collections with the public. Many objectors find the practice of lending works for profit to be in direct opposition to this goal.

Other major holdings that are not presently at the MFA are Diego Velázquez’s Luis de Gongora, two works by El Greco, two more by Gustave Courbet, the museum’s only painting by Edvard Munch, and arguably its greatest work by Edgar Degas, Edmondo and Therese Morbilli. While MFA officials argue that they are bolstering the museum’s international reputation, critics feel the institution is suffering for it.