Moving Motherwell to AbEx’s First Rank

Colin Gleadell points out that Bernard Jacobson, who recently moved galleries, has made a big bet on Robert Motherwell:

Jacobson has been buying up Motherwells for the past 10 years in the belief that the artist is greater than his contemporary New York School painters, Rothko, Pollock and Newman. He is certainly cheaper, with an auction record of $3.7 million. The aforementioned trio have sold for between $80 million and $140 million. But Jacobson believes the tide is turning. Elegy to the Spanish Republic No 130 is from the long series of the artist’s best-known works, and was unsold at auction in 2006, with a $1.5 million estimate. Jacobson has priced it at $10 million.

Art Sales: London’s artistic melting pot  (Telegraph)