Art Market Monitor

Global Coverage ~ Unique Analysis

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

Sachs Gift Raises Philadelphia Museum in Contemporary Art Ranks

January 10, 2014 by Marion Maneker

Keith L. and Katherine Sachs

Carol Vogel was first with the story that Keith and Katherine Sachs have made a major donation to the Philadelphia Museum that Director Timothy Rub describes as putting the museum in the first rank of Contemporary art. The 97 works are led by artists Jasper Johns, Ellsworth Kelly, Brice Marden and Gerhard Richter and Vogel puts a market value of $70m on the gift:

“This museum has always been committed to contemporary art,” Mr. Rub said in a telephone interview. “Now, with the Sachs gift, we will have one of the best collections of contemporary art in the country. It’s transformative.”

The gift will fill crucial gaps in the museum’s holdings. There are, for instance, important video works by artists like Allora & Calzadilla, Francis Alÿs, Pierre Huyghe, Steve McQueen, Eve Sussman and Bill Viola, which Mr. Rub described as a “major step forward” for the museum. The collection also helps enrich holdings by artists it already owns, like Mr. Johns and Mr. Kelly. It significantly ramps up its representation of sculptures, too, with work by John Chamberlain, Donald Judd, Cy Twombly, Dan Flavin, Richard Serra and Robert Gober. The artworks include some by the hottest photographers around, including Andreas Gursky, Thomas Ruff and Thomas Struth and Hiroshi Sugimoto.

Philadelphia Museum Lands a Major Gift (Inside Art/NYTimes)

Fraud Insurance

March 18, 2010 by Marion Maneker

The Philadelphia Museum made a bad deal with Lawrence Salander, now they want their insurance company to pay $1.5m to cover the loss of works by Maurice Prendergast and Arthur B. Davies, reports Bob Warner in the Philadelphia Enquirer:

Dueling lawsuits – one filed in Maryland by the museum, the other filed in Manhattan by its insurer, AXA Art Insurance Corp. – agree on the basic facts in the Art Museum case.

In September 2006 – about two weeks after taking possession of the two museum paintings – Salander sold the Prendergast painting, “The Harbor,” for $1.5 million to another New York gallery.Continue Reading

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

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • $10 M. Picasso Portrait Unseen for Decades to Sell at Bonhams
  • Lost Lempicka Discovered at Sotheby's
  • Vienna Secession Painting, Long Thought to Be Lost, Sets a Record at Auction
  • Tony Podesta's Secret Art Buying
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Restituted Van Gogh Portrait from London Collection to Sell at Christie’s
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Collection of Texas Heiress Anne Marion Expected to Fetch $150 M. at Sotheby’s
  • 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