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ARTBnk evaluates the state of the fine art market today

Wassily Kandisnky (1866 - 1944), Tensions calmées, 1937, oil on canvas, 35.125 x 45.875 in.

NEW YORK, NY.- ARTBnk analyzed 717 works up for auction at recent day and evening sales held at Sotheby’s, Christie’s, and Phillips to evaluate the state of the fine art market today. Within this analysis, we’ll break down how these works performed across market sectors by utilizing presale fair market value—ARTBnk Value—for each individual work of art, determined through ARTBnk's unique AI valuation methodology which combines thousands of quantitative and qualitative data points with systematic regression analysis. The 594 lots sold totaled $648,062,931 in sales, 9.0% above their aggregated pre-sale ARTBnk Value totals of $594,598,218, and 0.8% above aggregated auction house buyer's premium adjusted mean estimate totals of $642,874,450. ... More


The Best Photos of the Day
Best Photos of the Day
Installations are displayed as part of the 'Divas' exhibition at the Arab World Institute (IMA) in Paris on August 19, 2021. STEPHANE DE SAKUTIN / AFP.






He embodies the mysteries of art and life   Christie's to offer Les Paul's personal 'Number One' guitar   Kaari Upson, California artist of desire and disturbance, dies at 51


Peter Bradley at his art studio, a shipping container parked near his house, in Saugerties, N.Y., Aug. 14, 2021. Douglas Segars/The New York Times.

by Katya Kazakina


SAUGERTIES (NYT NEWS SERVICE).- The artist Peter Bradley is a month shy of 81, and his future is unfolding. On a recent hot day, as hummingbirds zipped around sunflowers in his garden in upstate New York, art handlers were hauling out his paintings for three upcoming exhibitions at Karma gallery in downtown Manhattan. The first is a tribute to the seminal exhibition Bradley curated 50 years ago, showing abstract works by 18 Black and white artists side by side in Houston. Funded by philanthropists John and Dominique de Menil, it was one of the first racially integrated exhibitions in the country. This month, works by all the artists from the original show, including Sam Gilliam, Ed Clark, Kenneth Noland, Anthony Caro and Virginia Jaramillo, will be reunited at Karma on East Second Street and at Parker Gallery in Los Angeles. Next up is a group show curated by critic Hilton Als around the idea of faith, with Bradley’s ... More
 

Gibson Incorporated, Kalamazoo, Michigan, Circa 1951-52. The solid-Body Electric Guitar, Known as Les Paul’s “Number One”. Les Paul Model Artist's Prototype. Estimate: $100,000-150,000. © Christie's Images Ltd 2021.

NEW YORK, NY.- Christie’s announces Les Paul’s own personal ‘Number One,’ the very earliest approved production model of the famed Gibson Les Paul electric guitar which monumentally changed the development of Rock’n’Roll in the 20th Century will be featured in The Exceptional Sale on October 13 in New York. Along with Mr. Paul, Gibson Incorporated developed this innovative solid body electric guitar circa 1951-1952 to meet the demanding standards of guitar virtuoso and inventor, Les Paul, who designated this his Number One; the first solid electrified guitar that met with his approval, and was the culmination of his lifelong dream. Kerry Keane, Christie’s consultant and Musical Instruments Specialist, remarks, “In any creation narrative there are always multiple protagonists, but the name Les Paul ranks at the pinnacle when discussing the electric guitar. His development of multi-track recording, and audio ... More
 

Kaari Upson, an American artist whose uncanny sculptures, videos, drawings and performances probed the dark sides of domesticity and desire, died on Wednesday, Aug. 18, 2021, at a hospital in Manhattan. She was 51. Lyndsy Welgos via The New York Times.

by Jason Farago


NEW YORK (NYT NEWS SERVICE).- Kaari Upson, an American artist whose uncanny sculptures, videos, drawings and performances probed the dark sides of domesticity and desire, died Wednesday at a hospital in New York City. She was 51. The cause was metastatic breast cancer, said Claire de Dobay Rifelj, a director at the Los Angeles arm of Sprüth Magers, the gallery that represents her. Upson, one of the most significant artists to emerge from the vibrant Los Angeles art scene this century, won early attention for “The Larry Project,” an open-ended phantasmagoria based on the life of an unknown neighbor of her parents in San Bernardino, California, who had abandoned his McMansion. Working from photographs, legal documents, diaries and pornographic ... More


Elvis Presley's iconic Madison Square Garden jumpsuit & cape are headed to the auction block   Rare, significant Alexander Hamilton material to be offered at Freeman's in October auction   Stunning portrait of mystery woman acquired by the Meadows


This iconic Eyelet jumpsuit and cape designed by the famous Bill Belew quickly became one of the most photographed and iconic costumes of Elvis’ career.

LOS ANGELES, CA.- Kruse GWS Auctions, the world-record breaking auction house specializing in entertainment memorabilia, Royal artifacts and fine jewelry has announced an unprecedented offering for auction of iconic Elvis Presley memorabilia to be included in the Artifacts of Hollywood and Music auction to take place Saturday, September 4, 2021 beginning at 10:00 a.m. In 1972, Elvis Presley marked his first live performance at Madison Square Garden in New York. The performances sold out and his iconic Eyelet jumpsuit and cape designed by the famous Bill Belew quickly became one of the most photographed and iconic costumes of Elvis’ career. Fans packed the famous venue to hear songs including “Love Me Tender,” “Heartbreak Hotel, “Don’t be Cruel” and so many others. Imagine being in the audience when Presley strolled out on stage in the custom made eyelet jumpsuit and embellished cape swooning ... More
 

The selective approximately fifty-lot auction is rooted in the extensive collecting activity of John E. Herzog.

PHILADELPHIA, PA.- Freeman’s will present The Alexander Hamilton Collection of John E. Herzog, a single-owner sale of Alexander Hamilton material, in an October 25 auction. Collectors of documents of American history, particularly items related to Hamilton and the US Federalist Era, will find objects of deep significance—including rare documents, autograph letters, checks, and broadsides—from a critical and fascinating moment in American history, presented by the specialists in Freeman’s Books and Manuscripts department. The selective approximately fifty-lot auction is rooted in the extensive collecting activity of John E. Herzog, a collector of financial documents of the 18th century and the Federal period in United States history. Herzog’s lifetime of experience in finance—including his founding the Museum of American Finance—sparked a deep, personal interest in Hamilton material, particularly as related to ... More
 

Bartolomé González y Serrano (1564–1627), Portrait of a Lady, 1621. Oil on canvas, 47 1/8 x 39 1/4 in. (119.6 x 99.7 cm).

DALLAS, TX.- The Meadows Museum, SMU, announced today that it has acquired a rare signed and dated portrait by Bartolomé González y Serrano (1564–1627) titled Portrait of a Lady (1621). The portrait is of an unknown woman from the court of either King Philip III or his son, King Philip IV. The painting was made at a pivotal moment in Spanish history, which saw the movement of the imperial capital from Valladolid (Castile) to Madrid and, one year later, the arrival of Diego Velázquez (1599–1660) at court, who would go on to revolutionize the genre of portraiture by re-envisioning the model offered by González y Serrano and his predecessors. It is the first work by González y Serrano to enter the Meadows’s collection, and is one of only a few portraits by the painter outside of Spain. The painting was purchased at auction from Christie’s, London, and was subsequently treated by Claire Barry, ... More


When theater installations aim to make room for drama   Museum für Moderne Kunst opens the first institutional solo exhibition of works by Lungiswa Gqunta   Tom Hanks sells 4 vehicles from his collection


One of the structures created for the En Garde Arts production of “A Dozen Dreams,” at Brookfield Place in New York, May 12, 2021. Sara Krulwich/The New York Times.

by Maya Phillips


NEW YORK (NYT NEWS SERVICE).- For the past year and a half, I’ve imagined shuttered theaters as shrines to live performance — the empty seats, the leftover sets, the lone ghost lights lit like memorial candles. While performances eventually moved online and outside, and in the past few months, thanks to mask mandates and vaccines, back inside, some companies and artists have chosen a different route: offering theater-adjacent installations that allow audiences to engage more directly with the spaces. In these shows, we are often asked to walk through the venues and explore, freely or with the help of a guide, not merely sit and watch. And with small clusters of bodies in motion, they may be (or at least feel) safer than the typical experience of being locked down in your seat. Unfortunately, most of the theatrical installations ... More
 

Lungiswa Gqunta, Phumla, 2021 (detail). Photo: Diana Pfammatter.

FRANKFURT.- Centimeter after centimeter, green, orange, and purple strips of cloth are tightly wound around the shiny, cold wire. Only the barbs pierce the cloth cladding from within again and again like clear and brutal rays. Distributed throughout the room, the colored tangles of steel form an expansive green garden landscape from which purple and orange fields sprout here and there. Round and geometric basins ending in rust spread out amongst them like lakes on a wide, parched plain. Above them hovers the sweet and tangy fragrance of burnt imphepho. Words sound out—rhythmic, soft, muted, chirruping, clicking, and clacking—in a still-drowsy attempt to describe the nocturnal dream in isiXhosa. In Tending to the harvest of dreams, the South African artist Lungiswa Gqunta poses the question of colonialism’s continued impact thirty years after the supposed end of apartheid. How can one pick up the thread of one’s own relationship to nature, the centuries-old traditions and knowle ... More
 

Tom Hanks bought his 34-foot Airstream around the time of “Sleepless in Seattle.” Photo: Bonhams.

by Jerry Garrett


CARMEL (NYT NEWS SERVICE).- In an acting career spanning four decades and dozens of roles, Tom Hanks has never starred as a used-car salesman. But last week, he had a convincing turn as one, selling off four vehicles from his private collection at a Bonhams classic car auction. The autos that Hanks put on the block, and that he had kept at his backwoods ranch in Ketchum, Idaho, fetched more than a half-million dollars, at least twice as much as expected. The centerpiece was a unique Airstream 34-foot travel trailer from the 1992 model year, bought new in the days before Airstreams would become wildly popular in all shapes and sizes. The sales price was $235,000, including buyer premiums, especially notable since the Airstream was not lavishly equipped as a new one that size would be. “I got it in the days when movies moved slower,” Hanks said before the auction when he was preparing it for the auctioneer. ... More


Hollis Taggart now represents estate of female modernist Dusti Bongé   Finding a lavender thread even in Catherine Opie's landscapes   The dream cars of the car designers


Dusti Bongé at her palette Biloxi Studio 1957. Photo by Lyle Bongé.

NEW YORK, NY.- Hollis Taggart announced today the representation of the Dusti Bongé estate, which is comprised of the collections of the Dusti Bongé Art Foundation and Bongé’s grandson, Paul Bongé. A trailblazing artist, Bongé (1903-1993) developed a distinctive style that embraced the visual vocabularies of Cubism, Surrealism, and Abstract Expressionism. Based in Biloxi, Mississippi—and recognized as one of the south’s first modernist artists—Bongé also developed strong ties to New York’s inner art circles and had a long association with iconic gallerist Betty Parsons, with whom she showed for nearly three decades. Despite Bongé’s many artistic innovations, she has been conspicuously absent from the mainstream art discourse, within the narratives of art history, and contemporary understanding of the artists that shaped modernist art movements. With its representation of the Bongé estate, Hollis Taggart is comm ... More
 

Catherine Opie With essays by Hilton Als, Douglas Fogle, Helen Molesworth, and Elizabeth A. T. Smith, and an interview by Charlotte Cotton. Price £100.00.

NEW YORK (NYT NEWS SERVICE).- Poring over a new monograph of Catherine Opie’s diverse body of photographs, which was published during Gay Pride Month, I found myself wondering as a gay man if anything ties her renowned images of lesbians in the Bay Area to her pictures of freeways in Los Angeles, ice fishing houses in Minnesota, high school football games in Texas, and Elizabeth Taylor’s closets in Bel Air. Is there such a thing as a gay or queer sensibility? And if so, is it the lavender thread running through an entire body of “straight” work by Opie, a lesbian who is the recently named chair of the department of art at UCLA? Being queer implies a disconnect with the traditional norms of heterosexuality. From an early age, a person whose libidinal impulses are out of sync with what has been stipulated as natural reads the world as a text that is written in a foreign language and needs to be decoded. The process of recognizing ... More
 

Steve Pasteiner Sr. at the counter of Pasteiner’s Auto Zone Hobbies in metro Detroit. He helped design cars for 23 years in Buick and Chevrolet studios. Paul Stenquist via The New York Times.

by Paul Stenquist


NEW YORK (NYT NEWS SERVICE).- What do the men and women who design cars drive? What kind of machines do sheet-metal artists park in their garages? A recent Saturday morning at Pasteiner’s Auto Zone Hobbies on Woodward Avenue in metro Detroit provided some interesting answers. Pasteiner’s is a meeting place for car lovers of all types, but automotive designers have a strong affinity for the smallish store and its parking lot. That’s true in large part because the owner, Steve Pasteiner Sr., created cars for 23 years in Buick and Chevrolet studios, achieving assistant chief designer status. After calling it quits, he opened the store, offering an abundance of automotive books, magazines, models and car-folk camaraderie. “It was almost a selfish thing,” ... More




Sotheby’s in Las Vegas: Picasso Masterworks From MGM Resorts



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After a quarter-century, the queen of Salzburg calls it quits
SALZBURG (NYT NEWS SERVICE).- It was intermission at the Salzburg Festival’s surreal and melancholy new production of “Don Giovanni,” and a small crowd of donors filled the office of Helga Rabl-Stadler, the festival’s president since 1995. Dropping the medical-grade FFP2 masks that have been required indoors at the 101-year-old festival, classical music’s premier annual event, the group sipped champagne and nibbled canapés. After some small talk, Rabl-Stadler gave a short speech about this summer’s program, a continuation of last year’s centennial — which was truncated by the pandemic but, through elaborate planning and force of will, not canceled entirely. “We couldn’t celebrate a hundred years,” she said, “by not doing everything.” As the applause died down, Reinold Geiger, the billionaire who runs the French beauty company L’Occitane ... More

As venues reopen, will streamed theater still have a place?
NEW YORK (NYT NEWS SERVICE).- If you were marshaling evidence that streaming theater can pay off, look no further than the Geffen Playhouse in Los Angeles, which sold 35,000 tickets and grossed more than $3 million during the pandemic from magic shows and other performances that could be watched at home. As quickly as you could say “Pick a card, any card,” that’s changed, reports Matt Shakman, the company’s artistic director. “The ticket desire started to drop precipitously as the country was opening up,” he said recently of the digital initiative. “It was absolutely born of a moment that I hope we don’t find ourselves back in. So I don’t know how relatable it is as we move forward.” Sean Patrick Flahaven, the chief theatricals executive for Concord, which licenses plays for production, has observed a similar shift. “In the last few months, ... More

Peter Rehberg, a force in underground music, dies at 53
NEW YORK (NYT NEWS SERVICE).- It was 1997, and Peter Rehberg and two collaborators had booked a tour of jazz and rock clubs, places that had probably seen their share of experimentation. The people who came to the shows, though, were not prepared for what the trio unveiled. “There were some very interesting, sort of disturbed looks on their faces because we set up with just three laptops in a row and just jammed out,” Rehberg recalled on a 2019 episode of the podcast “Noisextra.” “And everyone is going, ‘You can’t do that. That’s not music.’ And we’re going, ‘Yeah, fair enough; that’s not music. Did we say it was music?’” Synthesizers and other bedrocks of electronic music had been around forever, but at the time not many people viewed the laptop as a performance instrument. “We never thought of it as being a radical statement,” ... More

Steve Jobs signed Apple II Manual sold for $787,484 at auction
BOSTON, MASS.- A Steve Jobs signed Apple II Manual sold for $787,484 according to Boston-based RR Auction. The 196-page guide details the technical architecture and operation of the Apple II and features a fold-out schematic of the computer's main logic board. The manual is signed and inscribed opposite the Table of Contents by the iconic Apple co-founder, "Julian, Your generation is the first to grow up with computers. Go change the world! steven jobs, 1980" and by Apple's angel investor and second CEO, "Mike Markkula, 1980." When signed, Jobs and Markkula were in the UK to promote Apple—cultivating it from Cupertino start-up to global phenomenon. The recipient was the son of an entrepreneur who had negotiated exclusive distribution rights for Apple products in the United Kingdom and later became the first managing director of Apple (UK) Ltd. ... More

1865 wanted poster offering reward for Lincoln's assassin goes to Heritage Auctions
DALLAS, TX.- It trumpeted arguably the most important manhunt in American history. Until April 14, 1865, John Wilkes Booth was a popular actor, with legions of admiring fans. But he also harbored strong political ideas, speaking out against President Abraham Lincoln and denouncing the abolition of slavery. He and a group of co-conspirators planned first to kidnap the 16th American president; instead, Booth assassinated Lincoln in Ford’s Theater in Washington, D.C. The attack set off the a 12-day search for Booth, who ultimately was shot while hiding in a barn. The public was asked for assistance in locating Lincoln’s killer, in part through a $100,000 Reward Broadside issued by the U.S. War Department, April 20, 1865 (estimate: $50,000+), one of the few surviving copies of which will find a new home when it crosses the block in Heritage Auctions’ Americana ... More

American Flyer toy boxcar train chugs off for $18,975 at Weiss Auctions
LYNBROOK, NY.- An exceedingly rare American Flyer G. Fox & Co. S gauge toy boxcar train, from a very limited production set made in 1946, chugged off for $18,975 in Day 2 of a two-day, online-only Toy & Train auction held August 11th and 12th by Weiss Auctions, based in Lynbrook. The boxcar was the top lot in an auction that grossed $400,000 and set record prices. “What is normally an off-month for us turned into a two-day gangbuster sale, with record prices realized in all areas of toy trains,” said Philip Weiss, the owner of Weiss Auctions. “There were 498 lots of trains in total, and all 498 sold, most for above estimate and some even multiple times the estimate. Toys did well, too, but trains right now are so hot we have more auctions planned.” The American Flyer G. Fox & Co. boxcar is one of the most desired trains a collector can own. The ... More

Saatchi Gallery and Jealous Print Studio & Gallery partner to open 'Right Here Right Now'
LONDON.- Saatchi Gallery and Jealous Print Studio & Gallery have partnered to present the exhibition Right Here Right Now. The 4,000 sq ft exhibition opened in two gallery spaces at Saatchi Gallery on Thursday 19 August 2021. Curated by Jealous Director Dario Illari, the exhibition showcases new and recent works by a diverse line-up of emerging and established artists that have collaborated with Jealous on various projects. The exhibition features artworks by established artists such as Jake & Dinos Chapman, Charming Baker, David Shrigley and Chris Levine together with works by London based painter Matt Small and mural & installation artist Morag Myerscough. The show also includes previously unseen original work by Gary Stranger, Jessica Albarn, Eelus, Sara Pope and an exciting new collaboration between Andrew Millar & Word ... More

1xRun celebrates 10 years of publishing history at Heritage Auctions
DALLAS, TX.- Heritage Auctions partnered with 1xRUN for The Anniversary Auction on Sept. 8 to celebrate the contemporary art publisher's 10 years in business. Befitting its name – pronounced “one-time run” – the Detroit-based publisher has made available, for very limited amounts of time, 120 lots with limited editions from the last decade. Produced in partnership with today’s most influential artists, many of these editions are sold out on the 1XRUN platform and have not been available on the market … until this sale. “As we embarked on our 10-year anniversary as a publisher, we wanted to celebrate our history through new collaborations with artists and brands,” says Jesse Cory, CEO and co-founder of 1xRun. “Formalizing a relationship with Heritage Auctions gave us an opportunity to really dig deep into our flat files and find unique pieces that we ... More

Vera Vladimirsky wins the Lauren and Mitchell Presser Photography Award for a Young Israeli Artist
TEL AVIV.- Tel Aviv Museum of Art announced that Photographer Vera Vladimirsky is the 2021 winner of the Lauren and Mitchell Presser Photography Award for a Young Israeli Artist. Vera Vladimirsky (b. 1984 Ukraine, FSS, immigrated to Israel in 1991, lives and works in Tel Aviv) is a graduate of the Department of Photography, Bezalel Academy of Art & Design, Jerusalem, and holds an M.F.A. from the Bezalel Academy of Art & Design, Tel Aviv. She has exhibited alone and in group exhibitions in Israel and abroad, and was awarded the Young Artist’s Prize, Israel's Ministry of Culture (2016) and the Yuri Stern Prize, Israel's Ministry of Aliyah and Integration (2018). The Jury noted that “Vera Vladimirsky’s work deals with her impressions as an immigrant and her experiences as a young person searching for her identity and her path in the world. Thus, ... More

Riga Bourse opens an exhibition of works of art from the Uffizi Gallery
RIGA.- Celebrating the 10th anniversary of the Art Museum Riga Bourse, in collaboration with the world-famous Uffizi Gallery, the Italian art exhibition Self-Reflection. Tintoretto, Omar Galliani, Lorenzo Puglisi will be on view from 21 August to 14 November 2021. The centre of the exhibition is the Portrait of a Man by the great Venetian Renaissance artist Tintoretto, which is to be seen in Riga for the first time ever. This exhibition is organized with the support of the Boris and Ināra Teterev Foundation, as well as the Embassy of the Italian Republic in Latvia. Italian contemporary artists Omar Galliani and Lorenzo Puglisi introduce the audience to their large-scale compositions created especially for Riga exhibition. The themes and means of artistic expression are rooted in the traditions of Italian painting and drawing. The two artists have already arranged ... More

Morag Myerscough's radiant new Sun Pavilion gives Londoners a place to renew, recharge and uplift
LONDON.- London born and bred artist Morag Myerscough celebrates the city springing back to life with her new installation Sun Pavilion, in Montgomery Square until 31st October. Canary Wharf is home to one of the UK’s largest collections of public art – an award-winning collection of over 75 artworks from 50 world-renowned artists and craftsmen. As part of a free art and events programme running throughout the summer, this new public artwork by Myerscough will provide a colourful haven of positivity for the public and safe outdoor space for people to enjoy, featuring also a stage for impromptu performances Myerscough’s core mantra is ‘make happy those who are near and those who are far will come’ — an ethos celebrated through her strong visual language. The symbol of the sun ... More


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Flashback
On a day like today, American designer and architect Charles Eames died
August 21, 1978. Charles Ormond Eames, Jr (1907-1978) was an American designer, who worked in and made major contributions to modern architecture and furniture. He also worked in the fields of industrial and graphic design, fine art and film. In this image: "Lobby Chair" models by U.S. designers Charles Eames (1907-1978) and his wife Ray (1912-1988) are on display during the exhibition "The furniture of Charles and Ray Eames - Products, Processes, Prototyps", in the Vitra Design Museum in Weil am Rhein, Germany, Thursday, March 22, 2007.

  
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