London,UK Posted 2 years, 10 months ago
Robert Longo Joins Pace, Sotheby's Sells $70 M. Monet, and More
During a marathon, three-part evening auction that ran well more than four hours, Sotheby’s sold $597 million of art from its New York salesroom, Angelica Villa reports for ARTnews. That beat expectations of about $436.8 million for the sales, which included Impressionist, modern, and contemporary art, with a tranche of postwar American work from the collection of the late Texas ranching heiress Anne Marion. The top lot was a Monet water lilies that went for $70.4 million. New records were set for, among others, Richard Diebenkorn, Elizabeth Peyton, and Robert Colescott, whose George Washington Carver Crossing the Delaware (1975) was snapped up by the Lucas Museum of Narrative Art. It’s scheduled to open in Los Angeles in 2023.
As big-ticket sales run all week in New York, auction news is coming fast and furious. A trove of early Yayoi Kusama doubled its estimate, going for $15.2 million at Bonhams on Wednesday, ARTnews reports. A sale of art owned by the last fashion designer Kenzo Takada generated about €2.5 million ($3 million) at Artcurial in Paris, according to Kyodo . Last but not least, the Financial Times says that Sotheby’s will disperse $300 million in dividends via a debt sale led by Goldman Sachs. That means a solid payout for Patrick Drahi, whose BidFair USA has a 94 percent stake in the privately held company.
The Digest
International galleries cannot stop opening in Seoul! Just weeks after the Berlin-based König alit in the city’s Gangnam section, Thaddaeus Ropac, of Paris, London, and Salzburg, Austria, revealed that he will open his first Asian branch in Hannam-dong. [ARTnews]
With New York’s Metro Pictures gallery closing, its artists are continuing to move on to new homes. Cindy Sherman and Gary Simmons joined Hauser & Wirth, and Robert Longo has now signed on with Pace. [ARTnews]
The Metropolitan Museum of Art in New York added a plaque to its facade that states it “is situated in Lenapehoking, homeland of the Lenape diaspora and historically a gathering and trading place for many diverse Native peoples, who continue to live and work on this island.” Daniel H. Weiss, the Met’s president and CEO, said the acknowledgement “is an important part of the Met’s commitment to build and maintain respectful relationships with Indigenous communities.” [Press Release]
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