More Details on Linda Macklowe’s Collection: The NY Post’s Page Six has its own list of Linda Macklowe’s art collection along with her appraiser’s estimates:
- bronze sculpture “The Nose” by Alberto Giacometti is worth just $38 million — even though an insurer has pegged it at $70 million.
- Pablo Picasso’s 47-inch high steel figurine “Project for a Monument to Guillaume Apollinaire” […] worth $16 million.
- Warhol’s “Nine Marilyns” hangs on the living room wall of her Plaza Hotel apartment. …
Kathy Halbreich Named Director of Rauschenberg Foundation: The MoMA Associate Director takes over the helm of the one of the better funded and managed artists’ foundations. …
Bonhams 19th Century Sale = £3.4m: Noon in the Hayfield by Sir George Clausen RA was the top lot at Bonhams 19th Century Paintings sale in London achieving £581,000. …
Christie’s Post-War & Contemporary = $15.985m: Artists like Louise Nevelson, Hannah Wilke, Yayoi Kusama, Willem de Kooning and James Rosenquist.
Art Basel Publishes Best Practices for Galleries: It’s a common, if mistaken, refrain to claim the art market is not regulated. It is but locally under commercial laws. But as the art trade has globalized through auctions and art fairs, there has been the appearance of art dealing as a free-for-all. Art Basel has made a laudable move toward providing a set of best practices for participating galleries at their three fairs. As the world’s top art fair with the broadest name recognition, this move is the best form of self-regulation with strongest set of incentives.
(After the chaos of Frieze is over, we’ll try to have a conversation with Art Basel’s Marc Spiegler and get deeper into the issue.)
