Rumbler Gets a Seat in Zurich: Lévy Gorvy announced today that Andréas Rumbler would be opening an advisory arm of the gallery in Zurich this November. …
Bloomberg Writes a Blockchain & Art Story That Reads Like a Press Release: It isn’t clear what motivates the usually smart Bloomberg to publish a gullible piece on Verisart that repeats this kind of nonsense from the firm’s founder:
- “Art is the second-largest unregulated market after illicit drugs and it’s significantly overshadowed by fraudulent activity.”
Crozier Continues Its Buying Spree: This morning Crozier announced the acquisition of Artex Fine Arts Services. The acquisition includes Artex’s portfolio of clients and network of facilities in Washington, DC; New York; Boston; Fort Lauderdale and Los Angeles – totaling 160,000 feet of storage space. Additionally, Artex President and CEO John K. Jacobs will join Crozier in a senior leadership role going forward. The acquisition gives Crozier 860,000 square feet of storage and five shops producing crates. …
Christie’s Previews Scarpitta for Milan: Highlights include Salvatore Scarpitta’s ‘annus mirabilis, Ammiraglio (‘Admiral’)’. Created in Rome in 1958, the work is a key example of the artist’s ‘wrapped’ or ‘bandaged’ series. Estimate: €800,000-1,200,000. …
Brazil’s MAM Is Offering a Small Pollock to Raise Money: A small Jackson Pollock that was a gift from Nelson Rockefeller is being de-accessioned by Rio’s Modern Art Museum which hopes to raise $25m from the sale:
- “The museum claims the decision will mark the first instance of a Brazilian museum deaccessioning an artwork, a practice common in Europe and the United States. If MAM fails to sell the painting to a Brazilian museum, they plan to take it to international auction houses like Sotheby’s, Christie’s, or Phillips. The initiative, approved across the museum’s board, is intended to fund MAM’s maintenance and development for three decades.”
