Art Market Monitor

Global Coverage ~ Unique Analysis

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

Fondation Louis Vuitton’s Basquiat Show Puts Owners on Display

September 11, 2018 by Marion Maneker

One of the unexpected benefits of Bernard Arnault’s new Jean-Michel Basquiat show opening at the Fondation Louis Vuitton in October is the way the show is bringing together a group of far-flung works. Some 120 paintings will be in the show and a number of collectors like Yusaku Maezawa and Laurent Asscher have taken to Instagram to announce the works from their collections that will be making the journey. Curiously, as Carol Vogel reveals in her WSJ magazine preview of the show, Bernard Arnault is going to great lengths to keep his Basquiats anonymous:

Over the past 30 years he has amassed a world-class Basquiat collection. Asked just how big his holdings are, he would only admit that they total more than a dozen works and hang in all his homes, including his apartment in Paris, his house in the south of France and another place in the French countryside.

Arnault is lending a number of his paintings and drawings to the upcoming show at the Fondation Louis Vuitton, although neither he nor anyone involved in the show’s creation will say which ones. Contemporary art experts familiar with Basquiat’s work believe that among the loans from Arnault’s personal collection is the 1982 painting Portrait of the Artist as a Young Derelict. He is said to be lending a number of drawings as well. Arnault was so committed to making this show different from any preceding Basquiat exhibition that he wrote personal notes to collectors asking for loans and allowed the curators free rein to select from his own holdings.

The WSJ story also reveals at least one other new owner of a Basquiat joining the company of Larry Gagosian and Peter Brant, who will host the show at the opening of his Brant Foundation’s New York outpost in the Spring of 2019. Brant is the biggest lender to the Basquiat show:

Fifteen works from his holdings will be in the show, making him its biggest lender. Others contributing works include the philanthropists Lenore and Herbert Schorr, who were some of Basquiat’s earliest collectors; the Los Angeles philanthropists Eli S. and Edythe L. Broad; the Mugrabi family, who are New York–based dealers; the fashion designer Valentino Garavani and his longtime partner, Giancarlo Giammetti; and the Marieluise Hessel Collection at the Center for Curatorial Studies at Bard, Annandale-on-Hudson, New York. Many labels in the show will read “private collection,’’ but according to several contemporary art experts, two of these mystery lenders are the Greek shipping magnate Philip Niarchos and Lorenzo Fertitta, the Las Vegas casino owner.

A New Exhibition in Paris Explores Jean-Michel Basquiat’s Work (WSJ. Magazine)

Brant to Sell Koons Balloon Dog (Orange) at Christie’s in November for $35-55m

September 5, 2013 by Marion Maneker

url-3

Carol Vogel has the announcement that Peter Brant is selling his version of Jeff Koons’s Balloon Dog at Christie’s this November with an estimate of $35 to $55m. The proceeds will create an endowment for Brant’s art foundation in Greenwich but the timing is somewhat defiant given Brant’s recent mixed success with selling Koons’s work even if there is a major retrospective coming.

But  the value in the orange balloon dog may lie as much with the work being held by other A+-list collectors. By getting out first, Brant may be monetizing their ownership of the work more than he is cashing in on the reputational boost a Koons retrospective might bring:

“Balloon Dog (Orange)” is one of a series of five, each in a different color, conceived by the artist in the early 1990s. Four celebrated collectors own the others: Steven A. Cohen, the hedge-fund billionaire, has a yellow one; Eli Broad, the Los Angeles financier, owns a blue one; François Pinault, the French luxury goods magnate and owner of Christie’s, has the magenta version; and Dakis Joannou, the Greek industrialist, has his in red.

Inside Art: Koons Dog for Adoption (New York Times)

The Divorce No One Wants to See

August 21, 2010 by Marion Maneker

Mugrabi, Brant, Shafrazi, Wilson & Hopper (Patrick McMullen)

The New York Times’s Styles section can’t get enough of the Brant divorce. Here’s the art-related piece of the sad conflict:

By the time Brant v. Brant goes to trial on Sept. 20, the two sides will have generated more than 12,000 pages of public divorce documents (with thousands more sealed), paid millions of dollars in lawyers fees and fractured an already delicate cadre of family and friends forced to take sides.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...