Kenny Schachter Trolls His Own Followers: If you follow Kenny Schachter on Instagram and took the hashtag #IKnowWhoBoughtIt seriously, Kenny wants you to know he was just making that up:
- “I posted on Instagram that I knew who the buyer was—in these fake-it-’til-you-make-it times, I thought it would conjure the information to me, and I succeeded somewhat. Sniffing like a truffle pig, I called any entrepreneur, oligarch, hedge-funder, and industrialist I’d ever crossed paths with. Shit, I even passed Roman Abramovich on the street days after the sale and would have asked him too if I clocked him earlier. After my post, I got a slew of calls, including from a Financial Times reporter who essentially asked: “Would you like to get a prominent slot in the FT by telling our readers? You’d get a hell of a bump if you let the FT publish the name.” I could have set up a dedicated phone line for information—1-800-LEO-TIPS—adding just a small applicable surcharge for my services, of course.” …
Kenny Schachter Has Some Sharp Words and a Stingel Sales Report: Included in Kenny’s long missive about the New York sales is a brief swipe at Artnews for not identifying the seller of Kerry James Marshall’s Still Life with Wedding Portrait at Christie’s as the father-in-law of Alberto Mugrabi.
While he’s at it, Schachter digs into Phillips for the declining sales prices for a group of Rudolf Stingel works even though most auction price arcs involve the slightly declining prices as more works come to market to satisfy fewer buyers (the previous buyers having taken themselves out of the market.) Nonetheless, that leads Schachter to provide this not-un-useful information about Stingel’s latest series of sunset paintings:
- Larry G. instantly sold with an asking price of $6.5 million to François Pinault (who might very well have been the Salvator Mundi guarantor, rumor has it), Yusaku Maezawa, and none other than Rybololev! …
Phillips Latin American Sale = $4.2m: The top lot was a Carolos Cruz-Diez, Physichromie No. 558 that sold for $435k or near the low estimate. Also at $435k was a Matta work, Panarea Jazz, which carried an estimate in the $200-300k range. Armando Morales, Four Bathers and a Dog made $275k over a $100-150k estimate range. A Botero, Male Torso with Leaf sold for $250k over an $80-100k estimate. Leon Ferrari’s untitled work from 1978 made $212,500. …
Shanghai Art Fair Sales Report: Richard T Zhang went to Shanghai a couple of weeks ago to attend the art fairs. He spent some time compiling a detailed list of sales. We’ve updated our comprehensives sales report in advance of Zhang’s own assessment of the fair. We’re leaving this one open to the public instead of making it for AMMpro subscribers only.