Deal news continues to trickle in from the Armory Show. Some gallerists complain of making no sales in the five days of the fair. But others re-affirmed the trend toward moving the low-priced work. Here’s a couple of sales mentioned in The New York Times:
Yet Frank Elbaz, the gallery owner showing at the booth across from Ms. Bortolozzi, was ebullient. He had brought seven pieces by Gyan Panchal over from his gallery in Paris, including a torn ink cartridge package with a stick of charcoal resting inside, each priced between $3,000 and $7,000. On Saturday, he sold all seven to someone he would describe only as a top Democratic lobbyist from Washington.
Another decidedly pleased exhibitor was Vladimir Ovcharenko of the Regina Gallery in Moscow. On Saturday, he sold a neon sign by a French artist, Claire Fontaine, for $20,000.
It read: “Capitalism Kills.”
A Painting Called Good But Only As a Dart Board (New York Times)