November 14 – Sotheby’s New York
Jeff Koons, Hanging Heart (Magenta and Gold), 1994-2006
Estimate: $15 to 20 million
November 14 – Sotheby’s New York
Jeff Koons, Hanging Heart (Magenta and Gold), 1994-2006
Estimate: $15 to 20 million
For anyone who hasn’t yet read the Wall Street Journal article about kids collecting art – once you are done flipping through pics of “young collector” Dakota King’s collection (and pictures of her holding her dog) please skip down to the 7th paragraph beginning with “But there are upsides to mixing kids and fine art…” I think that may have a little more importance to all of this then that little Holland Chaney has confidence now and “doesn’t look at the floor and shuffle her feet” when she discusses her collection.
Other highlights of the article include that there is an official rule at Christies that you cannot cry if you are outbid…
and most sad quote goes to 10 year old Shammiel Fleischer-Amoros for, “I’m really scared, but Daddy told me I have to negotiate”.
And definitely, my favorite and number 1 collector out of the bunch goes to … Brahm Wachter who bought an “awesome” Rembrandt with his bar mitzvah money and is selling his Hockney, because he “hates it now” – good for you buddy, I hate Hockney too!
Dakota, her dog and her Warhol
from artnet news:
HOLZER PROJECT FOR D.C.
The District of Columbia art season kicks off with a major new projection by artist Jenny Holzer, who plans to project texts by John F. Kennedy (on art, artists and society) and Theodore Roosevelt (on conservation and environmental protection) from the Kennedy Center Terrace onto the Potomac River and Roosevelt Island. The project is set for Sept. 13-16, 2007, and is organized by Street Scenes: Projects for DC, a group founded in 2006 by Nora Halpern, a freelance curator and executive at Americans for the Arts, and Welmoed Laanstra, a curator and public arts project coordinator for Arlington County, Va.
It’s September 6th and I have not read or heard one thing about this – am I the only one?
Collecting works on paper is a great entry into collecting fine art, especially in the past decade. Collecting works on paper has become very desirable because pieces by emerging artists can be acquired at low price points and there is a lot of innovative work being done in the medium. Collectors are attracted to the uniqueness of works on paper, as opposed to prints, and to the experimental nature, exploration and story-telling through the intimacy of paper.
Works of art on paper include drawings (in any media), collages and other paper-based methods, but not prints (prints are made by drawing a stone or metal surface, not on paper or canvas, from which an image is printed a number of times).
Works on paper are delicate and can be easily damaged, so proper care is a must. When unframed, works on paper must be handled using cotton gloves to protect the paper’s ph-balance from the natural oils in your skin. Poor framing and exposure to strong light are also issues. The paper should be framed using acid-free materials because the acid from regular paper or cardboard will eat into the paper and stain it. You can choose between museum-quality, UV retardant glass or Plexiglas to reduce fading. Cleaning agents should never be used on the glass or Plexiglas because it removes the UV protection and the paper should never be in direct contact with glass; use a spacer. Once framed, a work on paper should not be hung in very humid areas which will cause fungus to grow, this is known as foxing (small brown spots). Also environments that are too dry or cold will cause the paper to become brittle and crack and dust and pollution are also variables that can damage all works of art. In regards to lighting, if at all possible one should avoid halogen and florescent lights and use tungsten light instead. Works on paper should never be rolled in tubes for mailing or rolled for extended periods of storage. They should be stored flat, between acid-free tissue paper or glassine.
If properly taken care of, works on paper should retain their value and can potentially increase the integrity and synchronicity of a collection overall.
Chuck Close, Self Portrait – colored and pressed paper pulp.
Rob Cox from the Dow Market Watch presents a new way to look at the skull
The skull cost $24m to create (in raw materials) – that was probably split with his dealer and assembled with the help of Bond Street jewellers Bentley & Skinner. Thus, the price paid represents just four times the cost of production.
Assume that Hirst split the $100 million with the White Cube Gallery or his dealer, Jay Jopling (who financed 1/2 the cost of the materials)
That leaves Hirst with $13 million after deducting his original investment.
“But if the art market is really turning, perhaps Hirst should go back to the sharks. The up-front investment is a lot lower” (Rob Cox).