Art Market Monitor

Global Coverage ~ Unique Analysis

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

Andy Hall Outsmarts the German Culture Law with New Private Museum

June 1, 2017 by Marion Maneker

Andrew and Christine Hall © Martine Fougeron
Andy Hall has more art than he knows where he can display it. Keen to share the the more than 5000 works they own, the Halls have created a space at Mass MoCA to show their Kiefers, turned their Vermont farm into a private museum open by appointment and bought Georg Baselitz’s Schloss Durneburg.

Everything seemed ideal to turn the German castle into a large private museum. Then Germany passed a law that had the perverse effect of making it impossible to leave any art that might fall under the cultural preservation rules in the country.

The new law caused Hall and his wife to completely revamp their exhibition ideas, as the Financial Times explains in their profile of the couple:

“We had an art truck turn up the week the law was passed, and all those early works were gone,” recalls Andrew, who is chief executive of Astenbeck Capital Management and goes by “Andy”. The Swiss warehouse that received the scores of artworks, he says, saw a veritable traffic jam of trucks arriving from Germany. “The law is totally stupid. The idea was to prevent the flight of artworks from Germany, but it had the exact opposite effect. Crazy.”

In addition to scrapping a show of Baselitz and his contemporaries’ early works, the Halls stopped a shipment of about 140 of their Warhols headed for Derneburg’s official opening, since the law applies to foreign-born artists as well, and to whole collections judged significant. Despite verbal assurances from government officials that their art would be allowed out, Andy says the law was so murky that his lawyers could not allay the couple’s fears. “I just don’t want to be the guinea pig,” he says. “It’s not a risk I’m prepared to take with hundreds of millions of dollars’ worth of art.”

Continue Reading

Collector Andrew Hall Victim of Leon Golub Forgery Scheme

October 18, 2016 by Marion Maneker

An example of Leon Golub's work, Head IX, not among the disputed works.
An example of Leon Golub’s work, Head IX, not among the disputed works.
The New York Times has the story of an unlikely set of Leon Golub forgeries that passed through Sotheby’s and Christie’s before going to leading collector Andrew Hall. The cache of two dozen works by a not-especially valuable painter is likely to cause far more damage to everyone’s reputation than the $676,250 that Hall spent on the fakes.

The NYTimes’s Dealbook has the details:Continue Reading

LiveArt

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

  • 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
 

Loading Comments...