ARTFIXdaily News Feed - Breaking News from the Art World

Sotheby's Sold For $3.7 Billion to French Telecom Entrepreneur

New York Times / June 17th, 2019

French-Israeli telecommunications entrepreneur Patrick Drahi purchased Sotheby's in a $3.7 billion deal. Announced on Monday, Drahi's company BidFair USA will now make Sotheby's privately owned, like rival Christie's, after it was publicly traded for 31 years on the New York Stock Exchange. ...

If Only 'Salvator Mundi' Was By Banksy...

Kenny Schachter / June 11th, 2019

This seems safe for a $450 million painting... Art critic Kenny Schachter teased on Instagram last week and then broke the news on Monday that the world's most expensive artwork, the "missing" Leonardo da Vinci portrait of Christ titled 'Salvator Mundi,' is likely cruising on the superyacht of ...

Egyptian Antiquities Expert Calls for Repatriation of King Tut Sculpture Ahead of Auction

ABC News / June 9th, 2019

ABC News: 'Egypt has the right to demand the repatriation of a stone sculpture of King Tutankhamun before it goes up for auction at Christie's in London next month, according to the country’s former antiquities chief.' "It seems that this sculpture was looted from [Luxor's] ...

The First US Museum Devoted to Posters Debuts in June

Hyperallergic / June 5th, 2019

This summer, the U.S. will get its first poster museum with the opening of The Poster House in New York. The 15,000 square-foot museum debuts June 20 on West 23rd Street in Chelsea, Manhattan. The space includes three exhibition spaces, interactive displays, and a children’s area. A ...

Leonardo’s Legacy: Francesco Melzi and the Leonardeschi

ArtfixDaily / June 3rd, 2019

The National Gallery in London is marking the 500th anniversary of Leonardo da Vinci’s death with a display presenting the exceptional loan (now through June 23, 2019) of the recently restored 'Flora' by Francesco Melzi from the State Hermitage Museum, St Petersburg. The painting is ...

Ahead of Exhibition, Restorers Discover a Monet Water Lilies Painting Under His 'Wisteria'

New York Times / June 3rd, 2019

Claude Monet intended for his final masterpieces to be shown together in a Paris museum. The French state chose the Orangerie at the Tuileries to install his “Grandes Decorations," a series of now-prized water lily paintings created at the Impressionist's resplendent garden in Giverny. But ...

Louvre Closes Due to Staff Strike Over 'Untenable' Situation; Plus, No 'Salvator Mundi' Appearance Ahead

NPR / May 28th, 2019

On Monday, the Louvre shut its doors after security and reception staff went on strike, protesting "unprecedented deterioration of conditions." In recent years, attendance numbers at the Paris museum have swelled. "The Louvre is suffocating," the Sud Culture Solidaires Union said in a ...

U.S. Adds Chinese Art and Antiques to Proposed 25 Percent Tariff List

Gazette / May 23rd, 2019

As the Trump administration escalates its trade war with China, Chinese art and antiques could be subjected to a 25% import tax along with $200-billion worth of Chinese-made goods in a new 194-page tariff list. Last August, arts industry representatives in Washington successfully removed ...

New Statue of Liberty Museum Opens

New York Times / May 21st, 2019

On Liberty Island in New York Harbor, under the gaze of the 151-ft-tall Statue of Liberty that atttacts 4.5 million visitors per year, a new museum takes on the history and variable meaning of liberty in the United States. The 26,000-sf. Statue of Liberty Museum officially opened to the public ...

A Bacon and SFMOMA's Rothko Boost Sotheby's $341.9 Million Contemporary Art Sale

ARTnews / May 19th, 2019

Sotheby’s Contemporary Art Evening Auction wrapped in New York with a total of $341.9 million, with a strong sell-through rate of 88.9% by lot. Of the 63 lots offered in the May 16 evening sale, more than three-quarters made their auction debut. Seven artist records were set. Francis ...

I.M. Pei, Renowned Architect of Louvre Pyramid, Remembered

NPR / May 16th, 2019

Modernist architect I.M. Pei, known for iconic structures from the Louvre Pyramid to Cleveland's Rock & Roll Hall of Fame, has died in New York. He was 102. Pei was born in China in 1917. He went on to study at University of Pennsylvania, MIT, and Harvard's Graudate School of Design. ...

Simon de Pury Wins Legal Dispute With Friend Over Commission in 'Handshake' Deal for Gauguin

ArtNews / May 16th, 2019

Former Sotheby’s Europe chairman Simon de Pury has won a legal battle with his childhood friend over the sale of one of the world’s most expensive paintings to the emir of Qatar, reports The National. Britain’s highest court ruled on Wednesday for de Pury, and Michaela de Pury, in a ...

Jeff Koons 'Rabbit' Fetches a Living Artist Record of $91 Million

CNN / May 15th, 2019

A stainless steel rabbit sculpture by Jeff Koons became the priciest work ever sold by a living artist at auction on Wednesday. Described as "one of the most iconic works of 20th-century art" by Christie's, the 1986 piece sold for $91,075,000, with fees. The Koons beat David Hockney's ...

Monet Haystack Brings the Impressionist's Record Price of $110.7 Million

Bloomberg / May 14th, 2019

An 1890 painting from the iconic haystack series by Claude Monet brought $110.7 million (with fees) at Sotheby’s in New York on Tuesday, setting a record for the Impressionist painter. “Les Meules,” estimated to bring $55 million, went to a bidder on the floor after a near-8 minute ...

'What Are You Digging For?': Artist Mark Bradford Explains His Work on '60 Minutes'

CBS News / May 13th, 2019

His first painting sold for $5,000. Now they can sell for more than $10 million. Influential LA-based artist Mark Bradford, 57, was interviewed by Anderson Cooper for 14 minutes of the CBS News program '60 Minutes' on Sunday. Known for his powerful, and often large-scale, abstract works that ...

Estate of 'LOVE' Artist Robert Indiana Files Motion to Stop Reproductions

Central Maine / May 11th, 2019

The estate of Robert Indiana, known for his 'LOVE' and 'HOPE' images, is trying to halt reproductions of his work on the grounds that licensing agreements for those works ended when he died almost a year ago. Indiana, at 89, died almost a year ago on the island of Vinalhaven, Maine. Since ...

Fake German Heiress Behind Art Scam Gets 4 to 12 Years in Prison

Buzzfeed / May 9th, 2019

In Manhattan state court on Thursday, self-styled socialite Anna Sorokin, a.k.a. Anna Delvey, was sentenced to four to 12 years in prison for second-degree grand larceny and theft of services. "This defendant’s alleged criminal conduct spans from check fraud to six-figure stolen loans," ...

Museums' Tango With Money and Ethics Is Under Pressure

New York Times / May 9th, 2019

Museums have faced increased scrutiny over the origins of their funding in recent years, both sparking protests and demands for severed ties with certain sources of money.  Just last week, Britain's highest contemporary art honor, The Turner Prize, nixed a sponsorship deal with a company ...

A Painted-Over Cupid Will Reappear in a Beloved Vermeer Work

The Times / May 8th, 2019

One of Johannes Vermeer’s most famous paintings had a whimsical element long-ago painted over, and not by the Dutch master himself. Girl Reading a Letter at an Open Window originally included a naked cupid hovering above the female subject. Detected by X-ray four decades ago, the cupid ...

Rediscovered Hokusai Work Displayed in Tokyo Exhibition While His 'Great Wave' Hits Chicago - and Banknotes

SF Gate / May 5th, 2019

Among Japan's most well-known artists, Edo-period ukiyo-e artist Katsushika Hokusai (1760-1849) --- who created the iconic "The Great Wave off Kanagawa," which will feature on a Japanese banknote for the first time starting in 2024  --- is the subject of a new exhibition that ...