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ArtfixDailytm News Feed
- Saturday, January 28 2012
 Americana Week Tops $47 Million in Auction Sales
Nearly $47 million was spent on American art and antiques at five auction houses during Americana Week in New York. About 2,000 lots were offered in sales from January 16 to 22 during the focused series of events that includes a host of related antiques fairs, gallery shows, and museum exhibitions. Five highlights from the sales:
 Westmoreland Museum of American Art Receives $8 Million Grant
The Westmoreland Museum of American Art, in Greensburg, Penn., has received the largest donation in its history, which will go towards its endowment and capital campaign.
An $8 million grant from...
 Animal Art Collection of Geraldine Rockefeller Dodge Offered in New York
A focused collection of artworks, once belonging to philanthropist and art patron Geraldine Rockefeller Dodge, has come up for sale to benefit an animal shelter.
The late Geraldine Rockefeller Dodge was known as the favorite niece of oil tycoon John Rockefeller, but she is perhaps even better known for...
 Luxembourg-based Art Fund Sets Its Sights on Abstract Expressionists
Wealthy investors and art connoisseurs may be lured into a new investment possibility. A group called the Art Collection Fund is ambitiously inviting investors to join in a plan to buy approximately $80 million worth of art with a potential annual return of 12%.
 Museum Shows $70 Million Holbein Painting Snapped Up by German Billionaire
Billionaire industrialist and art collector Reinhold Wuerth last year purchased a Hans Holbein painting for about $70 million, the highest amount ever paid for a work of art in Germany, ...
 American Folk Art Museum Rings in 2012 with New Exhibit, Major Donations
A recent $3.5 million in gifts is allowing the American Folk Art Museum to keep its doors open in Lincoln Square on New York's Upper West Side.
Last week, a new exhibit opened, "Jubilation/Rumination, Life: Real and Imagined," in the 5,000 square foot space. The 100-piece exhibit is drawn from the permanent collection and features works by...
 $1 Million Dollar Sampler, $3.5 Million Highboy Star at Sotheby's
A John Townsend high chest, inscribed Newport 1756, had it all: original finish, hardware, and finial; impeccable provenance; and style representing the pinnacle of colonial American craftsmanship. From a $2-3 million presale estimate, the piece soared to $3,554,500 at Sotheby's Important Americana sale.
 George Washington Wine Cooler Reaps $782,500 at Christie's
A wine cooler, which George Washington presented to Alexander Hamilton as a gift, far exceeded its expected sale price at auction, going for $782,500 on January 19th.
The cooler was designed according to specifications given by George Washington himself...
 LA Art Show at a Glance
Lively and crowded, the opening night of the revamped LA Art Show: Modern and Contemporary and The Los Angeles Fine Art Show: Historic and Traditional proved a popular success. Running side-by-side with the IFPDA Fine Print Fair and a Vintage Posters section, over 10,000 diverse artworks are offered in the vast West Halls A and B of the LA Convention Center. The show runs through Sunday, January 29.
Red dots sprouted up quickly for...
 Ellsworth Kelly, Female Surrealists Headline at LACMA
Two important exhibitions will be opening later this month at the Los Angeles County Museum of Art (LACMA.) “Ellsworth Kelly: Prints and Painting,” which debuts on January 22, is the first retrospective of Kelly’s print work since 1988. In addition, the first large-scale, international exhibition of women surrealist artists in North America premieres January 29.
 Knoedler Scandal Entangles Other Art Galleries
Further information is coming to light regarding the scandal around New York's Knoedler Gallery. The Upper East Side gallery abruptly shut its doors in late 2011, hard on the heels of news that two former employees of the gallery were being investigated for allegedly having peddled fake artworks. In a new twist, legal documents and testimonies are implicating...
 "America's Lost Treasure" TV Show Offers Cash Prizes
Joining the ever widening ranks of television shows centered on the idea that a family heirloom may in fact be of profound historical significance, not to mention be worth a bundle, is ...
 Billionaire Berggruen Gives Art Collection to Los Angeles
Billionaire and art collector Nicolas Berggruen is planning on sending several works to the Los Angeles County Museum of Art (LACMA) for long-term loan. Forgoing the idea of building a museum in Berlin, Berggruen is choosing instead to build a collection for...
 Chinese Artist Dethrones Picasso as Top Auction Earner
Sales of works by Picasso have ranked the modern master as the world auction market's leading earner for most years since 1997, and until 2011. Chinese artist Zhang Daqian (1899-1983) now claims the top slot with $506.7 million in aggregated auction revenue, followed by...
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