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Category Archives: Economics

Upcoming: Joel Rea – “Beasts of Arcadia” @ Jonathan LeVine Gallery

On September 12th, Joel Rea will be opening a new show at the Jonathan LeVine Gallery entitled Beasts of Arcadia. The Australia-based painter is known for his grand imagery and mastery over building tension with his compositions feature humans and predatory creatures. We are sure you are looking forward to seeing the completed pieces at the opening but for now, enjoy some process shots of Rea prepping for the exhibition. Discuss Joel Rea.

Rumor Mill: Jeffrey Deitch’s Reign At MOCA Over?

Late last night, LA Weekly reported that Jeffrey Deitch will be leaving the LA MOCA at the end of the month. Despite increasing attendance during his reign at the Los Angeles institution and bringing in a fresh vision for the museum, there continue to be financial woes. Signs of discontent came to a head also with the controversial resignation of chief curator Paul Schimmel as well as multiple artists leaving the board under Deitch’s watch. It will be interesting to see what is next for Deitch as well as […]
MOCA museum, Downtown Los Angeles

LACMA Moves To Take Over MOCA

Back in 2008 when the MOCA was bailed out by Eli Broad to the tune of $30 million, there was hope this would stabilize the financial status of the museum. However, recent controversy over the direction of the Los Angeles institution under the leadership of Jeffrey Deitch as well as continued monetary issues have finally led to a formal proposal for a takeover by LACMA (which surprisingly came at the request of the MOCA board). Only time will tell whether the leanings of the government-funded […]
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Rewind: Oct 15 – Oct 21

This latest edition of Rewind is headlined by footage from the opening of Shepard Fairey’s current show at StolenSpace. For those interested, you can also check out a photo set with a more detailed look of the work here. Other videos you might want to check out include: WeSC visits Vanessa Prager in her LA studio. Installation of Adonna Khar’s Elephants piece, which won the 2012 ArtPrize. Jonah Freeman and Justin Lowe discuss Stray Light Gray. Spidertag working in the Alps and Zurich. Gavin McInnes talks […]

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

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?

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

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)

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

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

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 […]
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