ARTFIXdaily News Feed - Breaking News from the Art World

Billionaire Abramovich buoys contemporary art market

Bloomberg / January 19th, 2010

Russian billionaire Roman Abramovich bought 35 contemporary artworks for his luxury yacht, “Eclipse,” according to the Millennium gallery in southwest England. While his recent purchases have tallied 200,000 pounds ($326,000), Abramovich is known to have spent much more for Francis Bacon’s 1976 ...

Warhol's Night: Images of money stoke art market

New York Times / November 12th, 2009

A seminal Warhol — one of the artist’s first silk-screen paintings — came on the block at Sotheby’s auction of contemporary art on Wednesday night. Bidding opened at $6 million for “200 One Dollar Bills,” which soared to $43.7 million (including fees). Also, the artist's 1962 sketch of a roll of ...

Peter Brant's pricey "Puppy" maintenance and alimony

Connecticut Post / November 3rd, 2009

"Puppy," a supersized sculpture by Jeff Koons, adorns the 53-acre Greenwich, Conn., estate of the Magazine Antiques owner Peter Brant. He pays maintenance of the sculpture of between $75,000 and $100,000 a year. Such are the sordid details emerging from the divorce case of Brant and his wife, ...

Failed Bank Provenance Boosts Auction: Lehman Bros. collection sells out

Wall Street Journal / November 2nd, 2009

Call it the Lehman premium: The first in a series of auctions at Freeman's, expected to bring in around $750,000, brought in a surprising $1.34 million, with all 238 lots of modern and contemporary art finding buyers. The star of the failed bank's art assets was a late-period Roy Lichtenstein ...

No Money Back Guarantee: Beijing woman loses suit against art dealer

Law.com / October 27th, 2009

A woman who worked in art galleries in Beijing and relied on an art dealer's valuation of a painting by contemporary artist Julian Schnabel cannot recoup the $290,000 she paid for the work, a Manhattan judge has ruled. Najung Seung claimed she was misled by art dealer Mary Dinaburg into believing ...

"Looking East": Exhibit of young Chinese artists touches on cultural discord

Kansas City Star / October 22nd, 2009

Kansas City art dealer Byron Cohen sold more than $1 million worth of contemporary Chinese art at last year’s Art Basel Miami Beach art fair. Now, his gallery's “Looking East,” an exhibit of seven artists from China, includes works that address discord in contemporary Chinese culture. In three ...

Lawyers Not Amused: Shepard Fairey changes story on Obama poster source

Unbeige / October 20th, 2009

Just when we thought we had a firm grasp on Shepard Fairey's legal wrangling with the Associated Press comes a new and confusing development: Fairey has changed his tune on what photo he used as the source material for the iconic HOPE poster that is at the center of the legal dispute, which ...

Frieze is Over: Art collectors step up, but demand discounts at London fairs

Bloomberg / October 19th, 2009

London’s contemporary art and design fairs closed Sunday with many dealers upbeat after achieving more sales than last year, even though buyers were taking their time and pressing for discounts. Among the browsers was Russian billionaire Roman Abramovich. While collectors passed on a $9 million ...

David Hockney in New York: The celebrated artist exhibits his English works

New York Times / October 19th, 2009

In 2005 David Hockney left Hollywood, where he had lived full time since 1978, to transform the manicured slopes, woods and farmland of the East Yorkshire landscape into spare, quickly worked compositions charged with pink, orange and violet. In the next two weeks 28 of these paintings will go on ...

"No Love Lost": Damien Hirst's return to painting

AP / October 13th, 2009

Damien Hirst has made a fortune and become an art-world brand by peering at life's dark side. Rows of skulls stare sightless from deep blue backgrounds in a new exhibition by the man who turned pickled sharks and rotting cows' heads into multimillion-dollar works of art. The most striking thing ...

Koons on Koons: For sale at Frankfurt Book Fair

New York Observer / October 13th, 2009

Uber-popular artist Jeff Koons and the British curator Norman Rosenthal are working on a book together that the Wylie Agency is currently shopping to publishers at the Frankfurt Book Fair. The book will be called The Confessions of Jeff Koons, and will take the form of an extended conversation ...

Market Expansion: Hirst's butterflies soar again in Asia

AFP / October 7th, 2009

HONG KONG — A monumental work by British artist Damien Hirst fetched more than 17.22 million Hong Kong dollars (2.21 million US) in an auction held on Wednesday, making it his most expensive art piece sold in Asia. "The Importance of Elsewhere -- The Kingdom of Heaven" broke the record set by ...

Sophisticated, Historical: What the Obamas like

Guardian / October 7th, 2009

WASHINGTON, D.C. - The Obamas are decorating their private spaces with more modern and abstract artwork than has ever hung on the White House walls. Pieces by contemporary African-American and Native American artists are on display. Historical works by George Catlin and artifacts such as a ...

Building a Taste for Contemporary: Seoul auctioneer aims to corner art market in Asia

Reuters / October 1st, 2009

SEOUL - South Korean auction house Seoul Auction is hoping to interest Chinese and other Asian collectors in modern Western and contemporary art, with the lofty aim of beating Sotheby's and Christie's in the region. The 11-year-old auction house, which earlier this year sold British artist Damien ...

The 'Lost Ed Ruscha' and other Tales: Remembering Henry Hopkins

LA Times / September 30th, 2009

When he was director of the San Francisco Museum of Modern Art, Henry T. Hopkins gave the green light to the first major retrospective of Ed Ruscha's paintings. The show was instrumental in securing Ruscha's reputation as a critically important artist -- both for Los Angeles, where he began to ...

Scarlet Splatters: Museum mess made by Anish Kapoor on view

Bloomberg / September 29th, 2009

LONDON - Anish Kapoor is certainly making a mess of the Royal Academy of Arts in London. Every 20 minutes, a cannon goes off in one gallery and shoots a projectile of red wax into a second space. What’s more, this brilliantly colored detritus looks beautiful. The Turner exhibition at Tate Britain ...

Sharing Andy's Art: Michelle Obama visits Warhol Museum with G20 spouses

Journal-Sentinel / September 28th, 2009

PITTSBURGH - While their husbands were off attempting to address the world's problems, Michelle Obama and the G20 spouses lunched at the 7-story Andy Warhol Museum. The museum holds the largest collection of work by Warhol, a Pittsburgh native. Some of the spouses donned aprons and tried Warhol's ...

New Video: Artists recall birth pains of contemporary Chinese art

Reuters / September 28th, 2009

HONG KONG (Reuters Life!) - Just over 30 years ago, not long after the death of Mao Zedong, a group of young Chinese artists staged an exhibition that pushed back on a decade of tyranny and helped pave the way for Chinese art's global rise. Artwork was hung outside Beijing's National Art Gallery ...

Sellers Hold-Out: Contemporary art auction values dip 81%, volumes low

Bloomberg / September 27th, 2009

LONDON - The estimated value of London’s October contemporary-art auctions is down 81 percent from 2008 as prices and lots on offer decline amid the financial crisis. Sales at Sotheby’s, Christie’s International and Phillips de Pury of “Part I” works during the week of the Frieze Art Fair are ...

Donald Fisher Dead: Gap co-founder, art collector, dies at 81

Huffington Post / September 27th, 2009

SAN FRANCISCO - Donald Fisher, 81, passed away at his San Francisco home on Sunday, Sept. 27. The Fishers' personal art collection is renowned and includes some of the 20th century's most well-known artists, including Richard Diebenkorn, Roy Lichtenstein, Andy Warhol and Willem de Kooning. The ...