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Category Archives: Economics

Overtime: Feb 13 – Feb 19

Posted by Khoi, February 19, 2012

Behind the Scenes of Joyce Pensato’s exhibition at Friedrich Petzel. Sir Frank Dicksee’s painting “Romeo and Juliet” voted the UK’s most romantic work of art. Experts think Silicon Valley may fail to build community due to lack of art investment. Study discovers that fear heightens the appreciation of abstract art. Charles Saatchi urges Britain to sell its JMW Turners in order to buy contemporary art. Marc Jancou sues Sotheby’s & Cady Noland after Noland work was withdrawn from auction. Son of dentist who fled Nazi [...]

Cezanne’s “The Card Players” Sells For Record $250 Mil.

Posted by Khoi, February 4, 2012

We have finally found something that even David Choe may not be able to afford yet. It has been reported by Vanity Fair that in 2011, the royal family of Qatar purchased Paul Cezanne’s painting The Card Players from the estate of George Embiricos for $250 million. That is the highest known price that has ever been paid for a work of art. They apparently outbid both Larry Gagosian and William Acquavella for the privilege of buying the piece. The oil-rich collectors have been on [...]

Rumor Mill: David Choe – The 200 Million Dollar Artist?

Posted by sleepboy, February 2, 2012

So, you may remember the internet frenzy last month when photos leaked of David Choe (featured) painting and tagging up a storm at the new Facebook headquarters at the request of Mark Zuckerberg. What we didn’t know was that when he decorated the previous FB building with his murals several years ago, David elected for stock options instead of cash payment. The New York Times now reports that those shares are worth upwards of $200 million based on the new IPO calculations. If the speculation [...]

Overtime: Nov. 21 – Nov. 27

Posted by Khoi, November 27, 2011

Wayne Thiebaud’s artwork is featured on the cover of The New Yorker‘s food issue. Christopher Knight reviews Denver’s Clyfford Still Museum disagrees with admission charge. Sarah Thornton gives us a insightful look at auction guarantees and how they affect prices. Felix Salmon tells you why you can’t trust auction results. Another chapter in Ai Weiwei vs. the Chinese government saga, now involving alledged porn. Assume Vivid Astro Focus helps design Gaga’s Workshop at Barneys. Archaeologist argues that graffiti by Sex Pistols is of great historical [...]

Auctions: Dreweatts “Urban Contemporary Art” Sale (October)

Posted by lowpro, October 11, 2011

Last night in London, Dreweatts kicked off an important week of auctions at the major houses with decidedly weak results. At a mere shadow of the £300,800 – 429,400 estimate, their October Urban Contemporary Art Sale realized a total of £166,320 ($258,646) non-inclusive of Buyer’s Premiums, barely half the low end estimate. These lackluster results lie in stark contrast to some of the compelling sales booked during various September auctions, where record results were made at Bonhams Urban Art Sale, MTV:REDEFINE, as well as with [...]

Auctions / Benefits: Christie’s “Artists for Haiti” Results

Posted by lowpro, October 5, 2011

A couple weeks back, the Artists for Haiti benefit auction racked in massive numbers to a standing room only, celebrity studded audience at Christie’s Rockefeller Center salesroom in New York. Organized by David Zwirner (ranked 4th on last years ArtReview “Power 100″ list) and Ben Stiller, who has supported Haiti through his Stiller Foundation non-profit since the catastrophic earthquake, the charitable event brought together an inspired list of of contemporary art’s most important artists, such as Raymond Pettibon, Nate Lowman, Rudolf Stingel, Jasper Johns, Zuang [...]

Auctions / Benefits: “MTV RE:DEFINE” Results

Posted by lowpro, October 3, 2011

A couple Saturdays ago, the inaugural MTV RE:DEFINE benefit exhibition and auction opened at the Goss-Michael Foundation in Dallas. As we previewed a couple weeks back, curators, The Future Tense, brought together an impressive roster of 30 emerging and established artists in the contemporary and urban/street art genres – including such big names as Damien Hirst, Shepard Fairey, Harland Miller, Faile, Russell Young and Tracey Emin – to commemorate 30 years of AIDS research. Phillips de Pury & Company brokered the auction to a sold-out audience [...]

Auctions: Bonhams “Urban Art Sale” Results (September)

Posted by lowpro, September 30, 2011

Last Wednesday, Bonhams hosted their September Urban Art Sale to a “packed house” at the New Bond Street location in Central London. As we highlighted the strength of some recent Banksy results in our overview and analysis of his Top 25 Most Expensive Works Ever, money appears to continue pouring into street art unimpeded at the auction level, despite the general malaise evident in the financial markets. This fact was further reinforced in the wake of last week’s Bonhams Sale, with the auction realizing a [...]

Viewpoints: Top 25 Most Expensive Banksy Works Ever

Posted by lowpro, September 21, 2011

Last Wednesday during Christie’s Post War & Contemporary Art sale in London, a historic Banksy canvas came very close to tripling its high estimate of £50,000. Originally exhibited in 2002 at Santa’s Ghetto, a perennial winter group show (a modern riff of which occurred last December with Marks and Stencils) during those early, pre-hype years that saw Banksy canvases sell – and sometimes sit unsold – for a mere few hundred quid, Bird with Grenade closed at £145,250 ($228,043). The piece serves as an interesting [...]

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Interview / Preview: Jeff Ramirez – “Being There” @ Thinkspace Gallery

Posted by sleepboy, May 17, 2011

AM recently sat down with an artist we have been meaning to talk to for while now to learn a little more about him and his upcoming joint show at the Thinkspace Gallery in Culver City opening May 21st. The vivid hyperrealistic paintings of Jeff Ramirez have always drawn our attention with their curious poses and refreshing angles, an ode to his skills with the camera as he photographs all his own references – something he discusses in our interview among other things… Questions and [...]

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