Palm Springs Art Museum Sells Helen Frankenthaler Painting for $3.9 Million at Sotheby's

  • October 29, 2020 21:02

  • Email
Helen Frankenthaler's "Carousel," 1979.
Palm Springs Art Museum

The Helen Frankenthaler painting "Carousel," donated to the Palm Springs Art Museum by the late interior designer Steve Chase, sold for $3.9 million Wednesday at a Sotheby's auction in New York, reports the Desert Sun.

The deaccession of the gift was to cover "direct care" costs for the museum's collection.

"Under COVID-19, we've had a really hard time, primarily not as much about philanthropy, but primarily because we have no way of earning income through admission, through facility rentals, activities of the Annenberg Theater, the store and the restaurant," said Palm Springs Art Museum Executive Director and CEO Louis Grachos.

Read more at Desert Sun

Tags: american art

  • Email

Advertisement

More News Feed Headlines

Tiara, Cartier London, special order, 1936.  Platinum, diamonds, turquoise.  Sold to The Honorable Robert Henry Brand.  Cartier Collection.  Vincent Wulveryck, Collection Cartier © Cartier

Major Exhibition Exploring Cartier’s Inspirations from Islamic Art to Make U.S. Debut at Dallas Museum of Art

  • ArtfixDaily / April 18th, 2021

The Dallas Museum of Art (DMA) and the Musée des Arts Décoratifs, Paris (MAD Paris), in partnership with the Maison ...

Read More...
"Adam Naming the Animals," antique oil painting on tin tray.  30” x 22”.  From Diana H.  Bittel Arts & Antiques.

ARTFIXdaily Closed Week of April 12, Returning Next Week With A Virtual Look at The Philadelphia Show

  • ArtfixDaily / April 11th, 2021

ARTFIXdaily will be closed for the week of April 12 and subscriber e-newsletter service will resume on April 19. ...

Read More...
The Lost Leonardo, Sony Pictures Classics

Salvator Mundi Gets the Spotlight in Two Films

  • ArtfixDaily / April 8th, 2021

Since the Salvator Mundi sold at a Christie's auction for $450M in 2017, setting a world record price for any ...

Read More...
Nellie Mae Rowe (American, 1900–1982), Untitled (Dandy), 1978-1982, crayon and pencil on paper, High Museum of Art, Atlanta, gift of Harvie and Charles Abney, 2021.40.

High Museum Receives Major Gift of Self-Taught Art

  • ArtfixDaily / April 8th, 2021

The High Museum of Art continues to expand its unparalleled collection of American self-taught art with a gift of 47 ...

Read More...

Related Press Releases

Schwenke Auctioneers - Spring fine Estates Auction - April 25

ARTFIXdaily Artwire