Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Tainted Love: How Louise Nevelson’s Heirs Stifled Her Market

June 14, 2016 by Marion Maneker

Louise Nevelson

Colin Gleadell tells the saga behind Louise Nevelson’s stalled market. The story puts Pace in the role of Nevelson’s savior but we’re left wondering what’s been happening in the 11 years since the gallery took over the estate’s inventory:

After she died in 1988, her son, Mike, who resented her dealer, Arne Glimcher of the Pace gallery, who took over any managerial role he had, put all her sculptures into a barn, restricting dealers from showing them. There was also a dispute between Mike and his mother’s assistant about the inheritance of a number of valuable works. It wasn’t until 2005 that Mike, in his eighties and in need of cash, released the works, selling them to Glimcher and two other galleries. The effect has been increased museum exposure (Tate currently has a room devoted to her work) and increased prices. Nevelson’s record $253,000, set in 1989, remained in place for 18 years, but has been exceeded many times since 2007, when Glimcher got to work restoring her reputation.

Market News: one-of-a-kind wildlife portraits go on display (Telegraph)

More from Art Market Monitor

  • Bansky Revealed?Bansky Revealed?
  • Beltracchi and the Threat to AuthenticationBeltracchi and the Threat to Authentication
  • Freeman’s Sells $2.47m Old Master PaintingFreeman’s Sells $2.47m Old Master Painting
  • Phillips de Pury NY Photography = $6.9mPhillips de Pury NY Photography = $6.9m
  • Vernissage TV: Beatriz MilhazesVernissage TV: Beatriz Milhazes
  • Cernuda Debuts at ABMBCernuda Debuts at ABMB

Filed Under: General

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • British Modernists Draw Deep Bidding in Christie's $42 M. London Sales
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Tony Podesta's Secret Art Buying
  • How to Chant Like an Auctioneer
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • $10 M. Picasso Portrait Unseen for Decades to Sell at Bonhams
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Collection of Texas Heiress Anne Marion Expected to Fetch $150 M. at Sotheby’s
  • Christie’s to Sell Its First Fully Digital Work of Art in Test of Emerging Market
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor