Andy Warhol | The Specullector

Archive for the ‘Andy Warhol’ Category

May 1, 2012

With private collections constantly evolving, collectors are always looking for innovative forums to discuss and market their desirable, high-quality works.

Though these artworks may no longer fit within the narrow focus of one collection, they may be a great acquisition for another.

During the summer months, June through September, Contemporary Wing will present OFF THE WALL, a series of collaborations which bring together serious collectors and the artwork they wish to exchange or acquire with other collectors who share a common passion.

If you have an exceptional work to propose, or a collecting sector you would like to expand, please contact info@contemporarywing.com.

Seeking:
Street Art
Works on Paper/Prints/Photography
Emerging Artists
Established Contemporary Artists
Works by African American Artists
19^th Century/Old Masters
Design

Tags:19th Century/Old Masters, A Collector Forum, Contemporary Wing, Design, Emerging Artists, Established Contemporary Artists, Lauren Gentile, OFF THE WALL, Street Art, Works by African American Artists, Works on Paper/Prints/Photography
Posted in 14th Street Corridor, American art market, American Photography Market, Andy Warhol, art market, auction market, auction records, British art market, Chinese art market, Chinese contemporary art, collecting emerging art, collecting works on paper, contemporary art, Contemporary art prints, contemporary collectors, Contemporary Wing, DC, Dutch art market, global art market, International art market, investing in art, investing in fine art, Italian art market, Lauren Gentile, Modern Photography, print editions, Specullector, submissions, Washington, washington DC, young collectors | Leave a Comment »

It’s Crunch Time

October 16, 2007

So the results from the London auctions are in, discussions with my associates who visited Frieze were had, Richard Polsky published his official (and kinda cheesy) buy, sell, hold “art market guide 2007” and then a handsome financial advisor from Chicago sent me this article from yesterday’s WSJ.

After processing all of this – these are my thoughts:

The most important info from the WSJ article is at the bottom when Rubell, the alpha collector, claims that its not the credit crunch affecting him, its the exchange rate. That was the same thing I heard from those with dollars at Frieze.

Then the article went on to say that only 19% of the buyers at Sotheby’s Contemporary auction in London were American. That is low (12% Asian, Middle Eastern & 42% European), really low and very telling of the future. So is the fact that the Chinese Contemporary sales did so well.

I missed the art market’s passing from Paris to New York, but I think I will live to see its move to London.

As for Polsky’s art market guide published on ArtNet News, his advice resonated well with WSJ and the auction results. He stamped Doig, Hirst, Yuskavage with a SELL in his guide. But re: his Yuskavage commment, I didn’t get it, I thought the opposite was true.

Overall, I thought his advice was very conservative and was surprised that Warhol was a BUY – but maybe he is doomed to claim that forever (if you don’t get it, you should be ashamed, please click here)
So, are the young contemporary Western artists going to suffer from this financial uncertainty? We will have to wait until December for the next round of auctions and fairs to see.

Tags:American art market, Andy Warhol, art fairs, art market, art market quotes, art reporting, Artnet News, auction market, auction records, Chinese contemporary art, contemporary art, contemporary collectors, global art market, investing in art, investing in fine art, Lauren Gentile, London, Richard Polsky, Sotheby’s, Specullector
Posted in American art market, Andy Warhol, art fairs, art market, art market quotes, art reporting, Artnet News, auction market, auction records, Chinese contemporary art, contemporary art, contemporary collectors, global art market, investing in art, investing in fine art, Lauren Gentile, London, Richard Polsky, Sotheby's, Specullector | Leave a Comment »

Authenticating Andy

July 23, 2007

Another great article relating to Warhol Estate Rigging the Market?

Tags:Andy Warhol, Andy Warhol Estate, Andy Warhol Foundation, art market, Contemporary art prints, contemporary collectors, Joe Simon-Whelan, Lauren Gentile, Specullector
Posted in Andy Warhol, Andy Warhol Estate, Andy Warhol Foundation, art market, Contemporary art prints, contemporary collectors, Joe Simon-Whelan, Lauren Gentile, Specullector | 3 Comments »

Warhol Estate Rigging the Market?

July 17, 2007

This has been going on for a while, but unless you live in the UK you may not have known…

So basically, the estate of Andy Warhol has been accused of manipulating the market for decades. Joe Simon-Whelan, owner of a 24 x 20 in. silk-screen Self-portrait, has filed a $20 million lawsuit the Foundation and the Authentication board which partnered up in 1995.

His work was authenticated several times by the Warhol estate before the partnership began and now that he has an opportunity to sell the work (for $2 million) they have twice rejected the work in 2001 and 2003. Perhaps, and according to Simon-Whelan, their dismissals are helping to create scarcity in the market?

He also alleges that the Andy Warhol Foundation has sold $150 million worth of Warhol’s work at artificially inflated prices and that the foundation is trying to dominate the Warhol market with “enforcers”, “secret meetings” and “doctored files”.

FYI – this guy is not the first collector or dealer to allege misconduct by the secretive, four-person board which meets three times a year to authenticate Warhol’s work.

The worst part about this – the “denied” stamp they put on the piece has bled through the back of the canvas and is now visible from the front.

Joe Simon-Whelan bought this Warhol self-portrait for $195,000 in 1989

Tags:American art market, Andy Warhol, Andy Warhol Estate, Andy Warhol Foundation, art authentication boards, art market, auction market, contemporary art, Contemporary art prints, Joe Simon-Whelan, Lauren Gentile, Specullector, Warhol Authentication Board
Posted in American art market, Andy Warhol, Andy Warhol Estate, Andy Warhol Foundation, art authentication boards, art market, auction market, contemporary art, Contemporary art prints, Joe Simon-Whelan, Lauren Gentile, Specullector, Warhol Authentication Board | 2 Comments »

The Warhol Heads East

May 16, 2007

More Spring sales news – Andy Warhol’s Green Car Crash sold for $71.7 million at Christie’s yesterday. As the price shot up, the bidding turned to two telephone bidders. Although buyers identities are never released by the auction houses, Ken Yeh, deputy chairman for Christie’s Asia was on the telephone line that edged out the competion. Thus I speculate that Yeh was bidding on behalf of Joseph Lau, a collector from Hong Kong who has previously purchased a 1972 Warhol portrait of Mao for $17.3 million. Purchased in November from Christie’s, the Mao portrait claimed the highest record of sale for Warhol at the time of sale.

Yesterday’s sale of Green Car Crash nearly surpassed the record for a contemporary work sold at auction, but fell just shy of the Rothko sold Tuesday for $72.8 million.

Originally seen in a 1963 Newsweek, Warhol’s Green Car Crash is a rare photograph that depicts a newly crashed car and its driver impaled by a telephone pole. Christie’s originally estimated that the piece would sell for between $25 million and $35 million.

Tags:Andy Warhol, art market, auction market, auction records, Christie’s, contemporary art, contemporary collectors, International art market, Sotheby’s, Specullector
Posted in Andy Warhol, art market, auction market, auction records, Christie's, contemporary art, contemporary collectors, International art market, Sotheby's, Specullector | Leave a Comment »

The Specullector

Archive for the ‘Andy Warhol’ Category

It’s Crunch Time

Authenticating Andy

Warhol Estate Rigging the Market?

The Warhol Heads East

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