Art World News

Fall Native Art Market gives Native American artists chance to shine

Fall Native Art Market gives Native American artists chance to shine
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MADISON, Wis. — Throughout this weekend, Native American artists are coming together at the Art and Literature Laboratory to share and celebrate their unique works.

It’s all part of the Fall Native Art Market. A total 22 different artists from eight different tribes came together to try and challenge stereotypes and assumptions made about native artwork.

Experience elite Native American art with return of Cherokee Art Market Oct. 14-15

Experience elite Native American art with return of Cherokee Art Market Oct. 14-15
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TULSA – A celebration of authentic Native art, Cherokee Art Market returns to Hard Rock Tulsa Oct 14-15. At one of the largest Native American art markets in the state, guests will enjoy the authentic work of 150 elite Native American artists from across the country.

“The list of artists accepted into the 2023 Cherokee Art Market is exceptional, and each year it grows stronger with more diversity in the categories and more tribal nations represented,” said Cherokee Nation Principal Chief Chuck Hoskin Jr. “Visitors will see the works of talented creators across Indian Country. We are so proud of this market – one of the most respected juried art markets in the nation – and what it means for our artisan community, as well as the local economic impact it provides annually.”

More than 40 tribes will be represented at the 18th annual Cherokee Art Market, with artwork ranging from beadwork, pottery, paintings, basketry, sculptures, textiles and more. 

Guests can meet directly with each juried artist and learn more about their work. In addition, the market will feature cultural demonstrations, presentations and conversations with some of the nation’s top Native American artists each day. 

“As we approach nearly two decades of Cherokee Art Market, we can’t help but be incredibly proud of how this event has grown and evolved,” said Donna Tinnin, senior manager of programs and events for Cherokee Nation Cultural Tourism. “One thing that has always stood out is our immersive cultural demonstrations that enhance the guest experience. This year we are expanding those efforts to include featured presentations and conversations with key industry stakeholders like our friends at the Indian Arts and Crafts Board. We look forward to providing an entertaining, educational and engaging experience for all.”

Participating artists also compete for their share of more than $75,000 in prize money and top honors and special recognition such as the Best of Show, Innovator Award, Culture Keeper and more awarded across nearly 30 categories. 

An opening reception will be held in the Sky Room at Hard Rock Tulsa on Friday, Oct. 13, at 7 p.m. to welcome artists and announce winning work. The public is welcome to attend the reception for $35 per person. Tickets will be available for purchase at the door.

Cherokee Art Market is presented by Cherokee Nation Businesses. Co-sponsors include Native American Art Magazine and Tulsa People.

The family-friendly event is open to the public 10 a.m. to 5 p.m. in the Sequoyah Convention Center at Hard Rock Tulsa. Admission is only $5 at the door.

Hard Rock Hotel & Casino Tulsa is located off Interstate 44 at exit 240. For more information, visit www.hardrockcasinotulsa.com.

Sunset Heights opens doors to history with 19th annual home tour and art market

Sunset Heights opens doors to history with 19th annual home tour and art market

On Saturday, the historic Sunset Heights Neighborhood hosted its 19th Annual Tour of Homes offering visitors a glimpse into the captivating history of seven historic homes.

Hal Marcus Gallery, located at 1308 N. Oregon Street hosted an exclusive pop-up art market featuring local artists’ works for visitors touring the homes.

Established in 1901, Sunset Heights stands as one of the nation’s earliest master-planned communities.

This neighborhood boasts a wealth of history and distinctive architectural designs.

The 19th Annual Tour of Homes provided a unique opportunity for the community to explore El Paso’s most historically significant neighborhood, showcasing meticulously preserved and renovated homes that offer a distinctive urban living experience in the heart of downtown.

Featured Homes:

Burges House – 603 W. Yandell

Sunset Parlor – 1307 N. Oregon St.

Poessiger Home – 604 Stewart Ct. (first-time inclusion)

The Woman’s Club of El Paso – 1400 N. Mesa

Kohlberg House / Fischer Home – 525 Corto Way

Trost House / McGregor Home – 1013 W. Yandell Dr.

The Sunset Heights Neighborhood Improvement Association, in organizing this event, showcased the architectural heritage and historical significance of this charming neighborhood.

Proceeds from the tour supported ongoing efforts to restore and enhance the neighborhood’s integrity.

Sunset Heights stands among the earliest planned neighborhoods in the United States.

Many of its homes date back to the early 1900s and boast renowned architects such as Henry C. Trost, Edward Kneezel, and Mabel Welch according to organizers.

Funds raised from this event contribute to the Sunset Neighborhood Improvement Association’s mission to continually restore and enhance the neighborhood’s character and appeal.

RECOMMENDED: Netflix star Evan Vourazeris headlines 13th El Paso Buddy Walk for Down syndrome awareness

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Circular Drone Paths Nestle into Craggy Grooves and Valleys in Reuben Wu’s Unearthly Photos

Circular Drone Paths Nestle into Craggy Grooves and Valleys in Reuben Wu’s Unearthly Photos

All images © Reuben Wu, shared with permission

Peeking out from rocky gorges, flowing through a thin crack in the terrain, and elegantly sweeping upward among layers of stone, Reuben Wu’s drone paths conjure the uncanny. The Chicago-based photographer (previously) has been working with light painting for about a decade, transforming nighttime scenes into strange, otherworldly vistas. His latest project, The Inner Landscape, continues this tradition as it positions small, orb-like geometries among craggy formations.

Commissioned by Apple and captured on an iPhone, the series departs from Wu’s earlier projects like Lux Noctis in that the photos frame smaller spaces. He writes on Instagram:

Many of the landforms I illuminated were very far away and massive. In a way, I was pushing the drone to fly as far as it could to create this seemingly impossible epic night scene…The Inner Landscape feels much more intimate, where I am closer, or in the midst of the subject matter. The scene feels almost like part of my own mind.

The juxtaposition of darkness and artificial lighting “intensifies this mood of unreality,” he says, and similarly contrasts the quiet intimacy of the spaces with the unfamiliarity of the compositions.

Find an extensive archive of Wu’s works on his site.

 

a streak of light curls above rocky towers

a circular light peeks out behind a rocky cavern

three orbs illuminate a green pocket of water amid rocks

a streak of blue light illuminates a rocky pass

a distant light flies in a rocky gorge

Do stories and artists like this matter to you? Become a Colossal Member today and support independent arts publishing for as little as $5 per month. The article Circular Drone Paths Nestle into Craggy Grooves and Valleys in Reuben Wu’s Unearthly Photos appeared first on Colossal.

News Bits: New art gallery, specialty market, Quilt of Valor, orange rolls

News Bits: New art gallery, specialty market, Quilt of Valor, orange rolls

New art gallery

open downtown

Sleeping Dog Art Gallery (SDAG) is now open at 318 North Main Street in Burlington.

The gallery presents contemporary oil paintings, photomontages, mixed media and collages by its director, Peter S. Wise and at this time, some artists from New England, and he looks forward to eventually including artists from the Des Moines County area.

Wise was the Outstanding Artist from the class of 1967 at Burlington High School.

He is self-taught in art and he has returned to Burlington after more than 50 years away. During that time, Wise served in the Army, and also lived in Indiana and Massachusetts.

The Sleeping Dog name emerged from an anti-censorship coalition formed by Wise in Massachusetts in the early 1990s.

SDAG supports human rights and is LGBTQ-friendly, Wise explained.

Hours are irregular at this time but appointments are welcome at (508) 613-6282. All voicemails will be answered as soon as possible.

Specialty market open

Poppie’s Specialty Market at 724 Jefferson Street is now open for business.

Downtown residents can enjoy the convenience of a market and a grocery store all within walking distance.

Poppie’s offers everything from the specialty meats featured on The Busted Cup Brewhouse menu, to dry goods, toiletries, cheeses, desserts and more. More items will be added weekly.

The market’s hours are 11 a.m.-9 p.m. Sunday, Monday, and Thursday; and 11 a.m.-11 p.m. Friday and Saturday.

Olomon to receive Quilt of Valor

Burlington Kiwanis Club member George Rinker and Arlys Fritz, Southeast Iowa Coordinator for Quilts of Valor, have arranged for Glenn Olomon to receive a Quilt of Valor at 11:30 a.m. Nov. 9 at the Kiwanis Club meeting at the Burlington Golf Club, and anyone can attend. The meal cost for nonmembers is $16.

Olomon was featured here last week with his fun and interesting stories about his first car ventures and a recent ride in a vintage auto that he really enjoyed.

“We (Patriotic Quilters of Southeast Iowa) will present a quilt to Glenn Olomon who served in the Army from 1951-1953 and was in Korea as an assistant gunner. He also was in the reserves for six years,” said Fritz.

“We are all pretty excited about it,” said Rinker, longtime Kiwanis volunteer and recent recipient of the club’s LeRoy Award honoring his hard work and dedication to the community.

“I am particularly excited about him getting (the quilt),” Rinker said. He had been seeking a longtime veteran for this year’s honor.

Three of Olomon’s brothers served in World War II, and another brother also served in Korea.

The Kiwanis Club always honors veterans at its meeting on or around Veterans Day (Nov. 11), with some type of special presentation. The weekly meetings feature a talk from someone in the community, and the Nov. 9 speaker will represent the military.

Burlington Kiwanis Club, which is celebrating 100 years and has more than 100 members serving the community, recently installed new officers and directors for 2023-2024. The members are thanking outgoing president Tony Hazell and welcoming new president Austin Schwartz.

Robert “Bob” Prall of Prall Insurance received recognition for his 30 years of perfect attendance.

Rinker described the meetings, where the oldest-tenured members sit together, as fun, with stories and anecdotes.

“We like to laugh,” said Rinker. “Our primary goal is to make life better for the children in the community, and have fun doing it.”

Adventure packs from DMCC

Adventure packs are a growing trend in nature centers, parks and communities.

Des Moines County Conservation now has five such packs available for rent for $5 per day.

“There is a birding pack, creek pack, bug hunt pack, tracking pack, and a night hike pack. We were able to make these through a grant from Walmart,” said Jacklyn Goodman, DMCC naturalist.

“These packs empower individuals to embark on independent nature explorations, enriching their outdoor adventures,” she said.

Marcus Nack, the DMCC environmental education manager, made a video about the packs. It is available for viewing on the Des Moines County Conservation Facebook page.

To learn more, call DMCC at (319) 753-8260.

Adventures in the kitchen — orange rolls and more

I’ve been taken down a notch in the kitchen. I’m not alone, right?

I saw a photo of little hard balls on a baking sheet, dotted with black and brown spots posted on Reddit, with the question, “What happened here? My rolls look like mushrooms.”

And I present to you a long-ago friend’s boyfriend, who was lacking in life skills and sense, and was jobless and not looking.

He did try to help out one day by making a chocolate cake, and unbelievably he thought you had to cook the eggs before adding them to the batter.

Her mom came over to visit and, unsuspecting, tried a piece of the cake, and her daughter told her he made it and asked her how it was.

She said it was pretty good “except for those hard little nuts.”

I once tried to beat brownie mix until it lost its gloss (like fudge), but that wasn’t really a disastrous move, and I love to bake and most of the time do pretty well.

So anyway, last weekend, I posted a recipe for orange rolls made at the Hotel Burlington years ago, and then of course had to make some.

I can see why people love those rolls. Each bite of orange goodness is heavenly, especially the areas of roll where the orange zest and sugar filling has soaked in.

The recipe made a lot of dough.

The first dough slices I baked in muffin tins, and while the recipe didn’t say, you apparently need to raise the rolls a bit once you have them in the pan before putting them in the oven. I didn’t figure that out, and those rolls were somewhat hard and didn’t turn out as fluffy as they should have.

The rest of the dough I cut into pieces and placed them side-by-side in a pan and raised them a bit, and those turned out much better.

So next time I will bake the slices in muffin tins but let them raise up a bit first in the pan before putting them in the oven.

The filling is just a mixture of the grated orange rind and sugar, made ahead of time. The next time, I believe I will make even more sugar and orange zest mixture than the recipe calls for, then let it sit for longer than called for, maybe a couple of days, before using it to make the rolls.

The recipe though is a good one.

Balthus painting deaccessioned by the Art Institute of Chicago could bring as much as $18m at auction

Balthus painting deaccessioned by the Art Institute of Chicago could bring as much as $18m at auction

A painting by the artist Balthasar Klossowski de Rola—better known as Balthus—that has been part of the collection of the Art Institute of Chicago (AIC) for almost six decades has been deaccessioned and will be offered at Sotheby’s New York this autumn. It is expected to fetch an eight figure-price, with the museum planning to use the funds for future acquisitions.

Balthus painted La Patience (1948) during the Second World War in Fribourg, Switzerland, beginning work on the painting in 1943 before revisiting it between 1946 and 1948. During this period of his career, Balthus often devoted extended time to refining his compositions, according to Sharon Kim, Sotheby’s deputy chairman for Modern art. The painting depicts his model Jeanette Aldry—older than many of his young models in Paris, Sotheby’s materials note—playing a game of solitaire, marking the first time Balthus explored card games in his work. The artist’s use of dramatic chiaroscuro lighting and reference to the passage of time with the inclusion of an extinguished candle in the painting nod to Old Master painters, according to Sotheby’s.

The auction house estimates the painting will fetch between $12m and $18m during its evening auction of Modern art in November. While Balthus’s work does appear at auction regularly, especially his works on paper, it’s rare for a painting of La Patience’s significance to come to market, Kim said in a statement.

For nearly 60 years, La Patience has been part of the AIC’s Joseph Winterbotham Collection, a group that contains up to 35 modern European paintings at any time. The collection was established in 1921 with a mandate “for continuous evaluation and improvement”, a museum spokesperson said in a statement. In order to acquire new work for this collection, the museum must deaccession from it. La Patience’s deaccession falls within the guidelines set by the Associated of Art Museum Directors (AAMD) because the funds will be used for acquisition.

La Patience was chosen for deaccession by curatorial staff from the Modern and Contemporary art and painting and sculpture of Europe departments at the AIC, which jointly oversee the collection. The fact that the museum’s collection now contains numerous works by Balthus, including two that are regularly on view, was one factor in the decision, the museum said. Girl with Cat (1937) is now the only significant painting by Balthus in the museum’s collection.

When the AIC acquired La Patience in 1964 directly from Balthus’s dealer Pierre Matisse (son of Henri) in New York, it was the only work by Balthus in the collection. The painting has not been on display in the galleries in nearly a decade, the museum’s spokesperson said, though it has been lent out extensively for exhibitions (the painting is currently on display at Sotheby’s showroom in Hong Kong).

“Deciding which art to part with is always a difficult decision, but this sale is in fulfillment of the ever-changing Winterbotham Collection’s spirit and guidelines,” a spokesperson said in a statement.

Other works from the Winterbotham Collection that were previously deaccessioned include Raoul Dufy’s The Open Window, Nice (1928) which fetched $564,500 (including fees) in 2021 at Sotheby’s New York. The museum said the process has allowed for the acquisition of some of the most recognisable works in the AIC’s collection, including René Magritte’s Time Transfixed (1938) and an 1887 self-portrait by Vincent Van Gogh.

Balthus’s work has come under fire for his suggestive depictions of pubescent girls. In 2014, the Metropolitan Museum of Art in New York refused to take down a painting by Balthus called Thérèse Dreaming (1938) after thousands signed an online petition that claimed the Met was “supporting voyeurism and the objectification of children” by displaying the work with no clarification or caption acknowledging the controversy over Balthus’s subject matter. In 2014, the Museum Folkwang in Essen, Germany called off an exhibition of the artist’s work, saying that the display of Balthus’s photographs of a nude child may have resulted in “legal consequences”.

Despite the controversy, Balthus’s market remains strong.

“While Balthus, like many other artists, continues to be a topic of discussion for critics, curators and the general public alike, the top three most valuable works by the artist have all sold at auction within the last three years—each selling for more than $10 million—and thus indicating collector demand remains high for the artist,” Kim said in a statement.

In the Hand-Painted Video Game ‘The Master’s Pupil,’ Adventure Awaits Within Monet’s Paintings

In the Hand-Painted Video Game ‘The Master’s Pupil,’ Adventure Awaits Within Monet’s Paintings

All images © Pat Naoum Games

After seven years of sedulous painting, planning, and perfecting, Australian game developer Pat Naoum finally released The Master’s Pupil in late July of this year. Taking a tactile approach to design, Naoum hand-painted the visual assets on paper before scanning them into the project. He pairs the digitized images with the lauded works of Claude Monet as players venture into the a unique world inspired by the 19th-century artist, roaming through iconic paintings such as “Impression, Sunrise (1872) and “Woman with a Parasol” (1875)

Set inside Monet’s eyeball, the objective of The Master’s Pupil is to help the quintessential Impressionist finish his paintings. A small sprite swerves and jumps atop twisting vines, still lifes, and landscapes as it begins to understand Monet’s life, losses, and growing visual restrictions. After solving puzzles about color, physics, and space, finished levels transform into full Monet paintings.

The indie success is available now on Nintendo Switch and Steam for Windows and Mac. For more updates and information, check out Pat Naoum’s Instagram and website.

 

In a video game, a small white sprite traverses through a Claude Monet painting.

A small white sprite runs across a large green vine, looking up at its surroundings.

A small white sprite jumps high on its adventure through a painted world.

 

Do stories and artists like this matter to you? Become a Colossal Member today and support independent arts publishing for as little as $5 per month. The article In the Hand-Painted Video Game ‘The Master’s Pupil,’ Adventure Awaits Within Monet’s Paintings appeared first on Colossal.

The Back Room: Art-Market Correction Spreads

The Back Room: Art-Market Correction Spreads

Every Friday, Artnet News Pro members get exclusive access to the Back Room, our lively recap funneling only the week’s must-know intel into a nimble read you’ll actually enjoy.

This week in the Back Room: The Long Museum sale’s long-term impact, Steve Wynn’s Rothko that never sells, and much more—all in a 7-minute read (2076 words).


Top of the Market
Museum Founders’ Sale… Flounders

Long Museum Modigliani

The sale of Amedeo Modigliani’s Paulette Jourdain (1919), the star lot of the auction of Long Museum collection at Sotheby’s Hong Kong on October 5, 2023. Courtesy Sotheby’s.

The art market’s contraction is in full swing, and it’s hitting Asia particularly hard amid broader economic woes, as evinced by dire auction results in Hong Kong this week, including a highly anticipated sale that one insider afterwards deemed “a bloodbath.”

Sotheby’s is feeling the pain first. Its contemporary and modern evening sales this week, as well as the auction of the collection of Liu Yiqian and Wang Wei—the Chinese mega-collectors behind Shanghai’s Long Museum—registered subpar totals, even as several records for Asia were set. Our own Vivienne Chow drilled into the numbers and explored the contradictions that make this market moment at once alarming, confusing, and also sadly predictable.

Modigliani Meltdown

In August, when Artnet News broke the story that the billionaire founders of the Long were planning to offload $150 million worth of art, there was shock and confusion given the timing, with the art market cratering. Global auctions at Christie’sSotheby’s, and Phillips fell 22.7 percent in the first six months of 2023 compared to the same period last year, according to Artnet’s Price Database.

But there were high hopes for the trove’s star lot, Amedeo Modigliani’s 1919 painting Paulette Jourdain. Alas, it hammered down at HK$235 million ($30 million), even following an intense bidding war, on Thursday (October 5). That was a surprising sum because…

  • The sale price of $34.8 million after fees was only 67 percent of the unpublished low estimate of around $45 million.
  • That’s $8 million less than the work achieved at auction at Sotheby’s New York in 2015.
  • And it means the house will have to match the difference between the fee-inclusive sale price and the guaranteed amount, which market observers on social media pegged at about $10 million after the sale. (Sotheby’s declined to comment on the guarantee.)

The Modigliani wasn’t the only harbinger of art-market malaise in the single-collection sale, either.

  • The hammer total in the sale overall, at HK$455 million ($58 million), was just 60 percent of the presale low estimate.
  • Of 39 lots offered, only 29 sold.
  • A total of 10 lots were bought in, including premium pieces, such as a Yayoi Kusama sculpture and a David Hockney canvas.
  • One work was withdrawn and another nearly was, but was put back on the block later in the sale and was hammered down at about 70 percent of its low estimate.

The Long Museum collection sale is also illustrative of the contradictions in this market. Despite the discount price compared to its auction history, the Modigliani trade notched several records, including for the artist in an Asian auction. The painting also became the most valuable modern Western work ever sold in the region, as well as the third most-expensive Western artwork of any category to be sold in Asia.

So is Asia’s art market feeling then correction more acutely than other places? Or are these dismal outcomes outliers?

While the global economy is shaky, the Chinese economy is practically in freefall, as its besieged property market drags down the whole continent’s growth outlook. This week, the World Bank cut its projection for China’s 2024 GDP to 4.4 percent, well below pre-pandemic rises of between 6 and 7 percent. A Reuters poll estimates 70 percent of Chinese household wealth is tied up in real estate.

So, perplexed observers ponder, why is anyone selling now? Liu and Wang are purportedly exiting in order to free up funds to buy other art and “refresh” their collection. While an auction house source said the pair is actively buying at the moment, including for the museum. The source suggested that the auction’s proceeds might help the couple fund things like educational programs related to their museum as well.

Given the Chinese economic headwinds, the timing might still feel strange, but in fairness, some sectors are performing well, if grabbing fewer headlines. Consumer spending has recently picked up, for example, according to British Chamber of Commerce data cited by Bloomberg.

However, the choice to sell now may have impacts beyond the collectors’ pocketbooks.


The Bottom Line 

Chinese dealers and collectors have fought for regard in the international art market in recent years. Some were concerned when Ding Yixiao, a contemporary art collector who founded the Xiao Museum of Contemporary Art in Rizhao, China, ran into reputational difficulties. Or when Chinese collector Michael Xufu Huang, founder of Beijing’s X Museum, found himself in hot water after a 2022 lawsuit exposed a messy flip of a Cecily Brown painting he had acquired. They were worried that the scandal would have ripple effects for the Chinese-speaking art world.

Now, with yet more prominent Chinese collectors who ostensibly own “private museums” engaging in swift resales, there are concerns the affair is a step backwards for the whole community. Will these worries stifle Chinese collectors’ access to Western galleries following the Long collection “bloodbath”? And where would that leave Chinese and Western dealers and collectors alike?

Guelda Voien and Vivienne Chow


Paint Drippings

The latest Wet Paint was still being mixed at press time. Here’s what else made a mark around the industry since last Friday morning…

Art Fairs

  • After a decade with the company, Adeline Ooi is stepping down from her role as Asia director of Art Basel to attend to personal matters. Her role will not immediately be replaced as the international fair continues to undergo a structural reorganization. Angelle Siyang-Le was appointed director of the Hong Kong fair in March. (Artnet News)
  • Art Market Productions and Intersect Art and Design, are betting on Atlanta as a burgeoning art hub, announcing the debut of Atlanta Art Fair, in October 2024 at Pullman Yards, under the direction of Kelly Freeman. (Press release)
  • The Winter Show has revealed the exhibitor list for the 2024 edition, set to open at the Park Avenue Armory from January 19–28. More than 65 international dealers will take part in the 70th anniversary event, which benefits the community-based organization East Side Settlement. (Press release)

Auction Houses

  • Phillips has secured the trove of works amassed by Dutch shipping magnate Willem Cordia and his wife Marijke van der Laan, which now form the Triton Collection Foundation, and could net up to $70 million(TAN)
  • Six recently restituted works by Egon Schiele will hit the block at Christie’s 20th Century Evening Sale on November 9 and Impressionist and Modern Works on Paper Sale on November 11. (Artnet News)

Galleries

  • Landlord RFR Holdings, co-founded by collector Aby Rosen, has inked a tentative deal to rent most of 980 Madison to Bloomberg Philanthropies, meaning gallery tenants including Gagosian will have to uproot at the end of their lease. (Artnet News)
  • Berlin-based artist Judith Raum is now represented by Zilberman Gallery; sculptor Delcy Morelos, whose earth-based installations will open at the Dia Art Foundation on October 5, has joined Marian Goodman Gallery; Paris’s Mennour now represents British artist Ryan Gander (in conjunction with Lisson Gallery and Esther Schipper, the artist has left gb agency); and Hauser & Wirth took on Paris-based artist Hélène Delprat, whose work will go on view at the gallery’s new Paris space. (Press releases)
  • Ryan Trecartin has left Regen Projects for Moràn Moràn. (Wet Paint)

Institutions & Biennials

  • Patton Hindle has been named executive director of the nonprofit grantmaking organization Artadia, following her years-long tenure at Kickstarter where she helmed the Forward Funds program. (Press release)
  • The Met Museum is expanding the blueprint of its Costume Institute by transforming the Great Hall gift shop into a new gallery space and opening a dining facility that will be open after museum hours. (Artnet News)
  • London-based artist Vlatka Horvat will represent Croatia at the 2024 Venice Biennale, with a project titled “By the Means at Hand,” curated by art historian Antonia Majača(Artforum

Tech and Legal News

  • Bernard Arnault, the billionaire art collector and CEO of LVMH is facing a money laundering investigation in France centered on a luxury resort in Courcheval, located in the French Alps. (Le Monde)  
  • French prosecutors have asked a Paris court to send art dealer Guy Wildenstein to prison and order him to pay hundreds of millions in fines in the ongoing money laundering and tax evasion case against the art tycoon. (Artnet News)
  • The hedge fund collector Matthew Halbower and his wife Julie are suing his insurance company over $45 million worth of works by Claude Monet lost in a Michagan house fire. (Artnet News)

“I’m one of the bad guys who ends up good. Maybe I started out as a devil, but it’s better to do that and end up an angel than the other way around, right?”

Stefan Simchowitz, once the enfant terrible of art dealing, who has pivoted to a less controversial art-rental business in recent years, to the Wall Street Journal.


Work of the Week
Mark Rothko’s Untitled (Yellow, Orange, Yellow, Light Orange)  

imageUntitled (Yellow, Orange, Yellow, Light Orange) (1955). © 1998 Kate Rothko Prizel & Christopher Rothko / Artists Rights Society (ARS), New York. ” width=”787″ height=”1024″ srcset=”https://www.mecreates.com/story/news/wp-content/uploads/2023/10/MicrosoftTeams-image-74.jpg 787w, https://news.artnet.com/app/news-upload/2023/10/MicrosoftTeams-image-74-231×300.jpg 231w, https://news.artnet.com/app/news-upload/2023/10/MicrosoftTeams-image-74-38×50.jpg 38w” sizes=”(max-width: 787px) 100vw, 787px”>

Mark Rothko, Untitled (Yellow, Orange, Yellow, Light Orange) (1955). © 1998 Kate Rothko Prizel & Christopher Rothko / Artists Rights Society (ARS), New York.

Date: 1955

Seller: Steve Wynn

Estimate: Around $45 million

Selling at: Christie’s New York

Sale date: November 9, 2023

Of all the spectacular works on view at Art Basel in Switzerland this summer, this fiery, vital canvas in shades of orange by the modernist master grabbed eyes for both its beauty and its superlative as the most expensive piece of art for sale at the fair. Acquavella Galleries proudly hosted the painting in its booth with a handsome asking price of $60 million. However, the piece failed to sell, despite having been touted for sale for several years now, ping-ponging between auction houses and iterations of Art Basel.

A quick summary of those recent moves: The work was last up for auction in 2014 at Sotheby’s, when it sold to the Nahmad family for $36.6 million from the collection of Paul Mellon. Four years later, they sold it at Art Basel Miami Beach to Steve Wynn—who currently owns the piece, and is presumably putting it up for sale at what could be a loss, per Christie’s estimate—for $50 million.

The work comes back to auction at an incisive moment for the Rothko market. Next week, the Fondation Louis Vuitton is opening a massive retrospective comprising 115 paintings by the artist, his first dedicated retrospective in France.

At the same time, Pace is bringing a slate of works by contemporary artists inspired by Rothko to the Grand Palais for the second edition of Paris+ (Lee UfanLoie Hollowell, Adam Pendleton, and Robert Longo among them). Also getting in on the hype is the Phillips Collection, which just announced that they’ll be reopening their “Rothko Room” in Washington D.C. with three Rothko paintings new to the house, which come in on loan from the collections of the artist’s kids, Kate Rothko Prizel and Christopher Rothko.

Ahead of the November auctions and the European fairs, Untitled (Yellow, Orange, Yellow, Light Orange) could serve as an indicator for whether the momentary hype around Rothko is enough to propel an eight-figure sale during an economic downturn.

—Annie Armstrong

Thanks for joining us in the Back Room. See you next Friday.

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