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The Art Market: Patrons

June 8, 2016 By Wendy Campbell

Part three of Artsy.net‘s great Art Market series. This short, four-minute video covers the motivation of patrons to fund artists and how the concept of art patronage has changed over time.

The Art Market (in Four Parts): Patrons from Artsy on Vimeo.

Patrons is the third installment of a four-part documentary series, preceded by Auctions and Galleries and followed by Art Fairs, released weekly through mid-June. Together, the four segments tell a comprehensive story about the art market’s history and cultural influence. Visit Artsy.net/art-market-series to watch all the films.

This series is directed by Oscar Boyson and produced in collaboration with UBS.

Director – Oscar Boyson
Editor – Nate DeYoung
Producer – Sean Barth
Producer By – Neighborhood Watch Films
Assistant Editor – Erin DeWitt
Sound – Colin Alexander
Music – Jay Wadley of Found Objects Music Production
Color – Irving Harvey

Filed Under: ART, Installation, Mixed Media, Painting, Photography, Sculpture, Video Tagged With: art galleries, art market, art patrons, Museums

The Art Market: Galleries

June 2, 2016 By Wendy Campbell

Galleries is the second installation of the fantastic artsy.net series, The Art Market, Explained. This four minute, information-packed video covers the relationship between art galleries and artists, the global expansion of galleries Gagosian and White Cube, and how the internet is affecting the way galleries do business.

The Art Market (in Four Parts): Galleries from Artsy on Vimeo.

This series is directed by Oscar Boyson and produced in collaboration with UBS.

Filed Under: ART, Exhibitions, Video Tagged With: art galleries, art market, gagosian, white cube

The Art Market: Art Auctions

May 31, 2016 By Wendy Campbell

If you’ve got four minutes to spare, check out this great video—part one (Auctions) of a four-part series on Artsy.net.  How did the art auction business become a multi-billion-dollar industry?  This video is a quick review of the complex history of auctions, with specific attention to the last 20 years. It features record-breaking sales, like Jean-Michel Basquiat’s painting Untitled (1982), selling at $51 million, and anomalies such as Ai Weiwei’s Kui Hua Zi (Sunflower Seeds) (2010), which pop up at auction in countless different quantities, making the connection between the auction price and the market value of art.

The series is produced in collaboration with UBS and directed by Oscar Boyson.

Director: Oscar Boyson
Editor: Nate DeYoung
Producer: Sean Barth
Produced By: Neighborhood Watch Films
Assistant Editor: Erin DeWitt
Sound: Colin Alexander
Music: Jay Wadley of Found Objects Music Production
Colour: Irving Harvey

Filed Under: ART, Installation, Mixed Media, Painting, Sculpture, Video Tagged With: Ai Weiwei, art auctions, art market, basquiat

Art-e-Facts: 5 Random Art Facts – XX

June 30, 2011 By Wendy Campbell

1. When the Mona Lisa was stolen in August 1911, French poet Guillaume Apollinaire, who had once called for the Louvre to be “burnt down,” came under suspicion; he was arrested and put in jail. Apollinaire tried to implicate his friend Pablo Picasso, who was also brought in for questioning, but both were later exonerated. The real thief – Louvre employee Vincenzo Peruggia was discovered 2 years later and only served six months in jail for the crime. (Wikipedia)

2. Salvador Dali had a peculiar way of napping.  Daily after his lunch, he would sit down with his arms extending beyond the chair’s arms. In one hand he would grasp a key between thumb and forefinger. After he fell asleep, his fingers would relax, the key would fall to the floor, the clatter would wake him up, and he would harvest the wild associations common to the first few minutes of sleep. (Washington Post)

3. The art market experiences similar bubbles to the stock market. For example, the art market soared in 1985 to 1990, when the compound annual return of the art market was 30%. It subsequently tanked in 1991-1995, losing 65% of its value. Art experienced another bubble in 2003 through 2007, during which the art index had at CAR of 20%. This bubble too burst with the collapse of the stock market 23.5%. For the past 10 and five year periods however, the Moses Mei All Art Index outperformed the stock market, returning a CAR of 5.5% and 3.3% respectively, compared with stock returns of -1.3% and -0.1%. (Pamela J. Black – On Wall Street)

4. Natural Ultramarine which is found in nature as a component of the semi precious stone lapis lazuli, is the most difficult pigment to grind by hand, and for all except the highest quality of mineral sheer grinding and washing produces only a pale grayish blue powder. The oldest use of lapis lazuli as a pigment can be seen in the 6th- and 7th-century AD cave paintings in Afghanistani, Zoroastrian and Buddhist temples, near the source of the mineral. The pigment was most extensively used during the 14th through 15th centuries, as its brilliance complemented the vermilion and gold of illuminated manuscripts and Italian panel paintings. Synthetic versions of ultramarine have been around since 1928 though it is not as vivid or permanent. (Wikipedia)

5. Tachisme, derived from the French word tache–stain,  is a French style of abstract painting popular in the 1940s and 1950s. It is often considered to be the European equivalent to abstract expressionism. It was part of a larger postwar movement known as Art Informel which abandoned geometric abstraction in favour of a more intuitive form of expression, similar to action painting. (Wikipedia)

Filed Under: ART, Art History, Art-e-Facts Tagged With: art market, Mona Lisa, Natural Ultramarine, Salvador Dali, Tachisme

Top Ten Art Sales of 2009

December 30, 2009 By Wendy Campbell

Head of a Muse - Raphael1. Raphael’s (1483-1520) chalk drawing “Head of a Muse” sold for 29.2 million pounds ($47.6 million) at Christie’s London on Dec. 8, setting an auction record for a work of art on paper. It was bought by the U.S.-based collector Leon Black, chief executive of Apollo Global Management LLC and a trustee of the Metropolitan Museum of Art in New York.

Les-Coucous-Tapis-Bleu-et-Rose-Henri Matisse-19112. Henri Matisse’s (1869-1954) 1911 still life of cowslips, “Les coucous, tapis bleu et rose” from the collection of late couturier Yves Saint Laurent and his partner Pierre Berge sold for 35.9 million euros ($45.6 million), an artist record, at a Christie’s Paris auction on Feb. 23. The buyer was New York- based dealer Franck Giraud.

Andy-Warhol-200-One-Dollar-Bills-19623. Andy Warhol’s 1962 silkscreen painting of 200 one-dollar bills sold for $43.8 million at Sotheby’s New York on Nov. 11. It was the second highest auction price for a work by the pop artist.

portrait-de-mme-lr-constantin-brancusi-1914-19174. Constantin Brancusi’s (1876-1957) wooden sculpture “Madame L.R.” (Portrait de Mme L.R. 1914-17), sold for 29.2 million euros ($37.1 million) at Christie’s Feb. 23 auction in Paris from the collection of Saint Laurent and Berge.

Portrait-of-a-Man-with-Arms-Akimbo-Rembrandt-16585. Rembrandt’s 1658 “Portrait of a Man with Arms Akimbo” sold for 20.2 million pounds ($32.9 million) to Las Vegas casino developer Steve Wynn. The painting was sold by Johnson & Johnson heiress Barbara Piasecka Johnson at Christie’s London on Dec. 8.

Dragon-Chair-Eileen-Gray-1917-19196. An Art Deco armchair with lacquered wood arms shaped as dragons, by designer Eileen Gray (1878-1976), sold for 21.9 million euros ($28.1 million), more than 10 times its low estimate at Christie’s Paris. The work from the collection of Saint Laurent and Berge established an auction record for 20th-century design.

Composition-avec-bleu-rouge-jaune-et-noir-Piet-Mondrian-19227. Piet Mondrian’s 1922 abstract “Composition avec bleu, rouge, jaune et noir” sold for 21.6 million euros ($27.4 million) at Christie’s Paris sale from the collection of Saint Laurent and Berge.

Eighteen-Arhats-Wu-Bin-Ming Dynasty8. A Ming-dynasty scroll “Eighteen Arhats” by Wu Bin (1573-1620) sold for 170 million yuan ($25 million) at Poly International Auction Co. in Beijing in November. Shanghai-based collector and stock-investor Liu Yiqian bought the work.

Lhomme-qui-Chavire-Alberto-Giacometti-19519. Alberto Giacometti’s (1901-1966) figure of a falling man, “L’Homme Qui Chavire,” sold by Conde Nast chairman S. I. Newhouse Jr., sold for $19.4 million at Sotheby’s New York on Nov. 4.

Petite-Danseuse-de-Quatorze-Ans-Edgar-Degas-188110. Edgar Degas’s (1834-1917) bronze sculpture, “Petite Danseuse de Quatorze Ans” (1922) sold for 13.3 million pounds ($19.2 million) at Sotheby’s London on Feb. 3.

Source: Business Week

Filed Under: ART Tagged With: art auctions, art market, art news, art sales

Month In Review: August 2009 Art News

August 31, 2009 By Wendy Campbell

ART CRIME:

The Naked Woman - Disputed painting by PicassoPicasso Seized in Iraq Appears to Be Fake: “Authorities in the art world cast doubt Thursday on the authenticity of an alleged Picasso painting that was seized by Iraqi police south of Baghdad.  A painting called “The Naked Woman” that police claimed was painted by Picasso was seized near the southern city of Hillah on Tuesday after the man allegedly tried to sell it for $450,000.” Read Associated Press article.

Frida Kahlo - found articles - fakeForthcoming Frida Kahlo Book Denounced as Fake: “A collection of Frida Kahlo oil paintings, diaries and archival material that is the subject of a book to be published by Princeton Architectural Press on 1 November has been denounced by scholars as a cache of fakes.” Read Art Newspaper article.

Mona Lisa - Leonardo Da VinciWoman Attacks Mona Lisa: “A Russian tourist sparked a security alert when she threw a mug at the Mona Lisa, the world’s best-known painting…Screams erupted from the 40-odd tourists jostling for position around Leonardo da Vinci’s enigmatic painted lady when the empty terracotta mug flew over their heads and smashed into the portrait.” Read Telegraph article

ART MARKET:

Michael Jackson - Andy Warhol Michael Jackson Portrait by Warhol Fetches $1 Million: “A portrait of Michael Jackson that sold for $278,500 on May 13 at Sotheby’s has found a new owner, who this time around paid over $1 million dollars for the piece. The 1984 portrait by Andy Warhol was offered for auction by Vered Gallery in New York’s East Hampton.” Read Bloomberg article.

Truganini and Woureddy BustsAboriginal Busts Withdrawn From Auction: “Two artworks depicting the busts of 19th-century Aboriginal leaders Truganini and Woureddy have been pulled from an auction at Sotheby’s in Australia. The proposed sale was protested by aboriginal leaders who implored the sellers to return the works to the Indigenous community, which they say is hurt by the use of the images and the intent to use them to make money.”  Read ABC News article.

ARTISTS:

Vincent van Gogh-painting-under-painting

New Technique Reveals Van Gogh Portrait Of A Women Behind Another Painting: “Vincent van Gogh often painted over his older works. Experts estimate that about one third of his early paintings conceal other compositions under them. A new technique, based on synchrotron radiation induced X-ray fluorescence spectroscopy, reveals this type of hidden painting.”  Read Science Daily article.

Daniel RichterDaniel Richter Leads Massive Artist Protest in Hamburg: “Almost 200 artists, under the leadership of prominent German artist Daniel Richter, occupied a dozen long-empty, deteriorating buildings in Hamburg’s historic Gängeviertel district that have been marked for demolition, setting up artist studios and galleries. The protest… was meant to call attention to the lack of subsidized workspaces for artists in Hamburg.” Read Art Info article.

MISCELLANEOUS:

Obama as JokerObama “Joker” Image Has Short Life on Flickr: “After a Chicago student gained national fame for editing a picture of President Obama in the image of the Joker villain from “The Dark Knight” and posting it to Flickr, some of the focus, especially among the tech community, quickly shifted to Flickr for removing the image.” Read LA Times Article.

Protest at the opening ceremony of the Beijing 798 BiennaleChaos and censorship at Beijing’s inaugural 798 Biennale: “Opening days mired by repression of Chinese artists, but international contributions unscathed The inaugural Beijing 798 Biennale, held in the sprawling 798 art district in China’s capital, saw a chaotic opening on 15 August, with major works by Chinese artists widely censored by authorities.” Read Art Newspaper article.

PASSINGS:

Rabbi with Torah - Hyman BloomHyman Bloom: August 26, 2009 – “Boston painter considered a maverick but key figure in the art world, died Wednesday in Nashua. He was 96 – old enough, and independent enough, that his art had already gone in and out of fashion several times.” Read Boston.com article.

Filed Under: ART Tagged With: Art Crime, art market, Daniel Richter, Hyman Bloom, Obama “Joker”

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