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Agnes Gund’s Art Coattails Fund Criminal Justice Reform

June 12, 2017 by Marion Maneker

Agnes Gund sold her Roy Lichtenstein painting sometime in the last year. Josh Baer reported the sale in January. Now Gund is going public with an off-key appeal. She is using $100m of the $165m Steven Cohen paid for Lichtenstein’s Masterpiece (above) to establish the “Art for Justice” fund to support criminal justice reform in the US.

Make no mistake, Gund’s philanthropy is profound and her willingness to use any network to attract donors is both valid and laudable. But trying to make it the particular responsibility of art collectors to support a charity requires factitious assertions like this one:Continue Reading

Has Roy Lichtenstein’s Masterpiece Sold?

January 12, 2017 by Marion Maneker

roy-lichtenstein-masterpiece-1962

Josh Baer is reporting in his Baerfaxt newsletter that Agnes Gund has sold her prized Roy Lichtenstein, Masterpiece from 1962. Baer quotes a price for the work at $150m which seems about right given the importance of the work and fact that it sold privately where prices can be higher for a number of reasons (including discretion.)

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