A. R. Penck, Neo-Expressionist Painter Whose Work Reflected on the Postwar German Condition, Dies at 77

In 1985, A. R. Penck told curator Klaus Ottmann that he didn’t miss East Germany, where he had been born in 1939 and from which he was exiled in 1961. East Germany, Penck said, “disappeared in a black hole”—it was totally behind him. But, of course, his homeland and everything he lost when he left […]

Talk – Collecting Contemporary Art, Audain Art Museum, Whistler, Canada

Laing Brown is an art collector who is interested in ideas. Brown, chair of the Audain Art Museum acquisitions committee and an external advisor to the acquisitions committee of the National Gallery of Canada, has just returned from Britain, where he went to check out Frieze London, where 160 of the world’s top commercial galleries […]

Public Talk: Collecting Contemporary Art

“Without tradition, art is a flock of sheep without a shepherd. Without innovation, it is a corpse.” – Sir Winston Churchill Join Laing Brown, a noted art collector, Board Member and Chair of the Audain Art Museum Acquisitions Committee, for a public multi-media presentation where he will discuss his Top 10 Collecting Rules for contemporary […]

The Art of Larry Gagosian’s Empire

“CAN WE QUICKEN this up?” It’s lunchtime in New York and Larry Gagosian is hungry. It’s time for supper—or at least aperitifs—in Europe, where he recently did a three-week working tour of France, England, Germany and Switzerland, and it’s breakfast in Los Angeles, where last week he hosted his annual pre-Oscars opening at his Beverly […]

Sotheby’s Reassuring $294M Contemporary Evening Sale

The contemporary art market settled down to a steadier pace at Sotheby’s New York Wednesday evening, turning in a solid and respectable $294,850,000 sale for the 44 lots that sold. Ten of the 54 lots offered failed to sell for a trim buy-in rate by lot of 18.5 percent. Five works sold for more than $15 […]

The Broad’s Big Debut

LOS ANGELES – Eli Broad is a man with a reputation for getting things done. After building two Fortune 500 companies from the ground up, he transferred his drive to philanthropy about fifteen years ago; his achievements have since included almost single-handedly creating a cultural centre for downtown Los Angeles, including its monumental anchor – the Frank […]

Speculating on Trophy Art

LONDON — Works by contemporary artists born after 1945 generated $17.2 billion in worldwide auction sales last year, a 39 percent increase from 2012, according to figures just released by the French database Artprice. Last November, a triptych by Francis Bacon sold for $142.4 million, a record for any work of art at a public […]

Art World Places Its Bet

LONDON — Before a standing-room crowd at Christie’s here last month, the bidding opened on an abstract painting filled with black scratching, “Burrito” scrawled across the top in bright yellow. The auctioneer announced that there were already 17 telephone and absentee buyers vying for the canvas, made three years ago by Oscar Murillo, who just […]

Hedge-Funders Disrupt the Genteel Art World – video

New Masters of the ART Universe Hedge-fund managers are roiling the clubby art market – seeking “distressed” artists, paying record sums and dumping those who don’t pay off; ‘Going long on Rodin’. Aggressive, efficientand armed with up-to- the-minute intelligence supplied by well-paid art advisers, these collectors are shaking up the way business gets done in […]

Coincident Bubbles: Art Versus The Stock Market

Handicapping 2014, maybe I see up to a 10% gain for the S&P 500 Index, refusing to anticipate the death toll of rapidly escalating interest rates or inflation. The market can sell at a high teens price-earnings ratio, even with earnings rising mid-single digits. Speculation is in the air so good stock pickers can do […]

Art’s Celebrity Obsession: How Many Movie Stars Does It Take to Make a Basquiat Record?

The art world has officially joined the rest of the world in a maniacal obsession with celebrity culture. Sure, Warhol did it long ago with his 1960s “screen tests” of Warren Beatty and Dylan, and by hosting the likes of Mick Jagger, Jackie O, her son John John and sister Lee Radziwill in Montauk in […]