Displaying items by tag: visual arts

The Andy Warhol Foundation for the Visual Arts has ended a six-year clash with its insurer Philadelphia Indemnity Insurance Company, recovering almost $6.6 million in legal fees. The battle between the foundation and its insurer began over authentication issues and snowballed to include the repayment of related legal fees.

The dispute began in 2007 when art collector Joe Simon-Whelan sued the foundation’s authentication branch for alleged fraud and conspiracy relating to the purchase of his 1965 Andy Warhol self-portrait, which he paid approximately $200,000 for in 1989 and was later deemed inauthentic. Another collector, Susan Shaer, filed a similar suit again the foundation in 2010 bringing the legal fees doled out to nearly $7 million.

According to a statement released by the foundation, “both suits alleged an absurd scheme to manipulate the prices for Andy Warhol’s (1928-1987) artwork yet [they] were forced to dismiss their claims in late 2010…The Foundation’s insurers nevertheless refused to reimburse the Foundation for its legal costs incurred in defending these bogus suits, alleging that the Foundation’s insurance policies did not cover claims of this nature.” The funds have since been repaid by Philadelphia Indemnity and transferred to the foundation’s endowment.

The Andy Warhol Foundation was established in 1987 following the artist’s sudden death. The organization’s mission is to support the creation, presentation and documentation of contemporary visual art.

The Hudson River School Art Trail will open for the season on June 22, 2013.The trail boasts guided hikes, which are organized by the Thomas Cole National Historic Site in Catskill, New York and take visitors on a tour of the vistas, mountains and valleys that influenced the Hudson River School painters including Thomas Cole (1801-1848), Frederic Edwin Church (1826-1900), Asher B. Durand (1796-1886), Jasper Francis Cropsey (1823-1900), and Sanford Gifford (1823-1880).

The Hudson River School Art Trail is divided into a number of large geographic areas and allows visitors to walk in the footsteps of some of the most significant artists of the 19^th century. The Hudson River School was the first major art movement to sweep America and it dominated the visual arts for over 50 years. The trail includes the home of Thomas Cole who is credited with founding the Hudson River School; Olana, the home of Frederic Edwin Church, an important figure in the movement; and views of the landscapes that are featured in the artists’ paintings.

The Hudson River School Art Trail was expanded last year, more than doubling its size from its original 8 sites in New York to 20 sites in New York, New Hampshire and Massachusetts.

Cahiers d’Art, a famed French literary journal and publisher of visual arts, will re-release its definitive catalogue of works by Pablo Picasso (1881-1973). The long out-of-print work titled Zervos Picasso Catalogue after Cahiers d’Art’s founder, Christian Zervos, is comprised of 33 volumes and features over 16,000 paintings and drawings that were amassed during a long-lasting working relationship between Zervos and Picasso.

For the first time ever, the Zervos Picasso Catalogue will be available in English and it will include corrections to the original catalogue made in cooperation with the Picasso Administration, the organization responsible for managing the artist’s estate. Sotheby’s has been named the worldwide distributor of the catalogue, which will be available on December 15, 2013.

Founded in Paris in 1926, Cahiers d’Art was revered for its publications highlighting the most important artists of the early 20^th century. Zervos Picasso Catalogue is arguably the publisher’s most important work. With the earliest volumes dating back to 1932, complete sets of the catalogue are extremely uncommon. Staffan Ahrenberg, the current owner of Cahiers d’Art, said, “Christian Zervos dedicated his life to Picasso, and it is our great honor to continue the Zervos/Picasso story and legacy. I think it is essential for Zervos to be back in print and available to collectors, scholars, and trade.”

Christie’s online-only auction of 125 works by Andy Warhol (1928-1987), which ran from February 26-March 5, 2013 was a huge success. The sale, which included paintings, drawings, photographs, and prints, garnered $2.3 million, doubling its pre-sale estimate. Proceeds from the auction will benefit The Andy Warhol Foundation for the Visual Arts, which is dedicated to the advancement of the visual arts.

The auction, which was the first online-only Warhol sale, attracted 65,000 visitors and 263 bidders from 36 countries. The featured works had estimates ranging from $600 to $70,000 and many have never been on public view. Highlights from the sale included I Love Your Kiss Forever, a 1964 lithograph of Marilyn Monroe’s lips that fetched $90,000, more than 40 times its pre-sale estimate; In the Bottom of My Garden (circa 1956), a complete book of offset lithographs colored by hand that realized $80,250; and a t-shirt screen printed with Warhol’s Self-Portrait with Fright Wig, which garnered $47,500. The only lot that failed to sell was a graphite on paper drawing titled Madonna and Child (circa 1981), which was expected to bring $30,000-$40,000.

The next Andy Warhol @ Christie’s sale is in April 2013 and will be dedicated to Warhol’s legacy at the famed New York nightclub, Studio 54. Christie’s will host a number of online auctions throughout 2013 as part of an ongoing partnership with the Warhol Foundation.

Surrealism, a cultural movement that includes visual arts, literature, film, and music, began in the 1920s with the musings of the French writer and poet, André Breton (1896-1966). Now celebrated and studied for its innovative and daring nature, surrealism pushed the boundaries in regard to established aesthetics and artistic techniques. While experimenting with modern conventions, surrealist masters such as Salvador Dalí (1904-1989), Max Ernst (1891-1976), René Magritte (1898-1967), and Joan Miró (1893-1983) went on to create some of the most revered artworks of the 20^th century.

Drawing Surrealism, an exhibition at The Morgan Library & Museum in New York, explores the surrealists’ relationship with drawing. While most exhibitions and scholars tend to focus on the surrealists’ paintings and sculptures, drawing played a pivotal part in the movement. The medium, which is highly connected to the brain and offers a sense of immediacy and spontaneity, was the perfect vehicle for the surrealists who valued the subconscious mind, dream imagery, language, and happenstance. The Surrealists used techniques such as automatic drawing and frottage, which requires rubbing graphite or another drawings material on a sheet of paper that is place over a textured surface, to bypass the conscious mind, creating instinctive and inimitable works.

Drawing Surrealism, which is co-organized with the Los Angeles County Museum of Art (LACMA), presents over 165 works on paper and occupies two of the Morgan’s galleries. The exhibition is organized chronologically, illustrating how surrealist drawing techniques evolved and spread throughout the world over time. The Morgan, LACMA, Tate Modern (London), the Pompidou Center (Paris), the Museum of Modern Art (New York), and the Menil Collection (Houston) all contributed works for the exhibition.

Drawing Surrealism will be on view at the Morgan Library & Museum through April 21, 2013.

Held at Christie’s in New York this past Monday, the first in a series of auctions to benefit the Andy Warhol Foundation for the Visual Arts brought in over $17 million. The sale featured over 354 works by Andy Warhol including prints and photographs. Online auctions will begin this coming February.

Many works exceeded their high estimates including Jackie, a screen print and paper collage of Jacqueline Kennedy that had a high estimate of $300,000 and sold for $626,000 as well as Self Portrait in Fright Wig which was estimated at $12,000-$18,000 and sold for $50,000. The biggest sale of the night was a print featuring a butterfly titled Endangered Species: San Francisco Silverspot that reached over $1.2 million.

Profits from the sale will go towards the foundation’s endowment, and will help the organization to expand their contributions to the visual arts.

Leon Black, a billionaire financier and chief executive of the private equity firm, Apollo Global Management, announced his acquisition of Phaidon Press, a publisher of fine art books. Black, who paid an undisclosed amount for the company, bought Phaidon from the British businessman, Richard Schlagman.

Phaidon is one of premier publishers of books on the visual arts along with Taschen and Assouline. The company has collaborated with such artists as Ai Wei Wei, Nan Goldin, and Stephen Shore and they publish everything from children books to cookbooks to collector’s editions that often come with signed prints or specially-commissioned pieces of art. On Phaidon’s site there is a statement from Black saying, “We having greatly admired Phaidon and the important contribution the company has made to art and culture. We are impressed with how Richard Schlagman has built the business and the Phaidon brand under his ownership over the last two decades. My family and I look forward to supporting the future of the company, including through the ongoing development of its publishing program, further geographic expansion, and the launch of digital products.”

Black, who is rumored to have paid $120 million for Edvard Munch’s The Scream earlier this year, is one of the country’s most prominent art collectors. In May, Black and his wife announced a $48 million contribution to the new visual arts center at Dartmouth College. An alumnus of the school, Black and his family also included a commissioned sculpture by Ellsworth Kelly in the gift.