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Art Fairs, Economic Trends, Market Reports
Laura Roughneen0March 14, 2013

TEFAF: Global Sales Drop 7% in 2012

Screen Shot 2013-03-14 at 15.01.34

 

  • Global sales in 2012 contracted by 7% to €43.0 billion
  • Sales in the Chinese market fell 24% to €10.6 billion while the US experienced an uplift of 5% year-on-year to €14.2 billion.
  • The US regained the top percentage of global market share at 33% while China dropped to 25% and the UK remained in third place with 23%.
  • The volume of transactions in 2012 fell by just under 4% to 35.5 million.
  • The heaviest buying is concentrated at the high end of the market for the best-known artists.
  • Contemporary art was the largest fine art auction sector, with 43% share by value, and reaching just under €4.5billion, its highest ever recorded level.
  • Modern art was the second largest sector with a 30% share. After sales of €3.8 billion in 2011, sales dropped 17% in 2012 to €3.2 billion.

TEFAF Art Market Report 2013: The Global Art Market, with a focus on China and Brazil. Prepared by Dr. Clare McAndrew

Art Fairs
Marion Maneker0March 11, 2013

New Perspectives on Old Masters at TEFAF

The Meeting of Odysseus and Nausicaa

If you ignore the daft prattlings about the end of the auction houses and the depredations of estimates, Souren Melikian does his best to promote the dealers at TEFAF which opens later this week:

Last December, one of the most remarkable paintings by Jacob Jordaens, “The Meeting of Odysseus and Nausicaa,” was sold at Christie’s for £2.05 million, or $3.13 million. Done in his grandest Rubensian manner, the mythological scene is set in a landscape with admirable chiaroscuro light effects. The Jordaens, known from a valuation made in 1865, had never been illustrated before its reproduction in the Christie’s catalogue. Its glory, however, could be surmised rather than seen under a film of dirt and decaying varnish accumulated over 150 years.

It takes the eye of a professional with long experience to evaluate the actual state of the paint surface of a picture under these circumstances. Few collectors are able not only to make this assessment but, more important, to form a mental image of what the grimy picture might look like after cleaning. At the private viewing on Thursday, privileged guests will discover the Jordaens gleaming in pristine condition on Mr. Van Haeften’s stand. There, they will also see an admirable painting by Joachim Wtewael, “Maternal Charity.” Signed and dated 1623, this landmark in the Dutch Mannerist artist’s later oeuvre had come up at Christie’s December auction. But it is only after cleaning that the glory of its color scheme with its glazes intact was revealed for the first time in living memory.

A Russian collector was tempted to get the gem but, a professional in the trade tells me, he abstained, uncertain of how well preserved the paint surface would turn out to be after cleaning — buying a picture obscured by dirt is a gamble.

Why the Future Lies at Art Fairs (NYTimes)

Art Fairs
Marion Maneker0March 10, 2013

Armory Show Sales Round Up

Vernissage TV on Armory Show 2013

Georgina Adam in the Financial Times:

  • Sprüth Magers: Barbara Kruger’s “Untitled (The meaning of life is that it stops)” (2008), for an undisclosed price
  • Presenhuber : Ugo Rondinone’s “Kiss Now Kill Later – 2 parts” (2010) to a major US collection for a price in the region of SFr200,000 (£140,000)
  • Bischoff/Weiss:  two sculptures by Rana Begum, priced between $8,000 and $20,000.

Judd Tully on Artinfo:

  • Hollis Taggart Galleries: Michael Goldberg’s richly painted “Still Life” (1957) sold for a sum within the $200,000 range; Hans Hofmann still life from 1936, a kind of floral homage to Matisse, sold in the $150,000 range.
  • Mazzoleni Arte Moderna sold four works in the $130,000-240,000 range, including Agostino Bonalumi’s 1964 shaped canvas “Bianco,” in the $200,000 range.
  • American abstract artist Charles Kuntz, sold at New York’s Driscoll Babcock to an American collector for slightly under six figures.

Shane Ferro adds to the atmospherics (but few specifics):

  • Sprueth Magers, based in London and Berlin, did exceptionally well, selling 12 works by gallery artists including Barbara Kruger’s “Untitled (The Meaning of Life Is That It Stops),” 2008, for an undisclosed price, three works by George Condo between $45,000 and $250,000, a Sterling Ruby collage for $65,000, and four works by Cyprien Gaillard for €18,000. The gallery said the majority of these sales were to American collectors.
  • Zurich-based Andreas Huber, a first-timer at the Armory, sold out on opening day. Works byFlorian Schmidt went for €16,000 at his booth.
  • Kavi Gupta reported selling his Theaster Gates work — the commissioned artist at last year’s edition of the fair — for $125,000.
  • British dealer Thomas Corvi-Mora reported a similar smattering of sales. Works by his artistsLunette Yiadom-BoakyeImran QureshiBrian Calvin, and Anne Collier all sold in the $20,000-30,000 range.

Katya Kazakina adds this sale on Bloomberg:

  • Victoria Miro: A fragile sculpture of a globe made by Sarah Sze, who will represent the U.S. at the Venice Biennale this year, has already sold for an undisclosed price.
Art Fairs
Marion Maneker0March 04, 2013

Art13 London Sales Report

Sales of art from around the world at Art13 London included:

  • Pearl Lam Galleries, Shanghai/Singapore/Hong Kong sold a painting by Zhu Jinshi, entitled ‘Children’s Dreams’, 2012, for $150,000 USD
  • In Sook Kim’s ‘Saturday Night’, 2007, from Galerie Paris-Beijing, France/China/Belgium sold to a British collector on the first night for £70,000 GPB
  • PIFO Gallery, China sold two works by Liang Quan for £30,000 GBP to a British Collector in the first hour of the opening day. A work by Zhang Xuerui went to a French Collector for £10,000 GBP
  • Two works by Asad Faulwell, from Lawrie Shabibi UAE priced between £6,000 – 15,000, GBP, sold, one to a Middle Eastern Collector, and Shahpour Pouyan’s ‘Projectile 8’, 2012 sold to an American Collector for £15,000 GBP
  •  ‘Mass Writing’, 1958, a painting by Judit Reigl brought by Kalman Maklarky Fine Arts, Hungarysold for £200,000 GBP to a British Collector
  • Lazarides, UK sold a work by Banksy for £375,000 GBP to a British Collector. In addition, ‘Monarch’, 2012, by Antony Micallef went for £72,000 GBP to an American Collector; ‘L’Armour et La Violence’ by Conor Harrington sold for £60,000 GBP to an American Collector, and a video work by Doug Foster sold to a British Collector for £60,000 GBP.
  • Alexander Ochs Galleries, Berlin/Beijing sold an installation by artist Young-Jae Lee entitled ‘Earth, Ink and Fire’, 2011 for 50,000 Euros to an Italian Collector
  • A Stephan Balkenhol sculpture ‘Female Bust’, 2012, from Deweer Gallery, Belgium, sold for £28,000 GBP to an European Collector
  • Hakgojae Gallery, South Korea sold Lee Yongbaek’s work, ‘Angel-Soldier No.4’, for £22,750 GBP, and a Lee Seahyun work, ‘Between Red 174’ for £14,300 GBP
  • Ronchini Gallery, UK sold Gianpietro Carlesso’s ‘Curvatura Venti’, 2013 for £22,000 GBP and Alighiero Boetti’s ‘Tra l’incudine e il martello’, 1988, for £25,000 GBP, both to private collections

 

Art Fairs
Marion Maneker0February 22, 2013

ARCO Sales

Georgina Adam has sales from ARCO in her column:

  • Edward Nahem: sold Juan Muñoz’s “Untitled” (1998) sculpture of two men looking in a mirror to a Spanish collector; it was tagged at €200,000.
  • Galerie Lelong placed an alabaster Jaume Plensa portrait bust, “Awilda VII” (2011), with a buyer from Madrid (about €240,000).
  • 10 Brazilian galleries reported healthy sales, with Casa Triângulo selling a Joana Vasconcelos piece to a Spanish collector for €65,000.
  • Álvaro Alcázar gallery: Californian Blake Byrne bought Juan Garaizábal’s “Tower Window” (2012) in the solo projects section tagged at $18,000.

The Art Market: Pay up, pay up and play the game (Financial Times)

Art Fairs
Marion Maneker0February 13, 2013

ARCO Sales

ARCOmadrid, 13th February 2013

FIRST SALES

Helga de Alvear (Madrid), Isaac Julien “Yishan Island, Long March” Eudnaprint 36.000 Pounds

Leandro Navarro (Madrid), José Guerrero “ Tanto monta, monta tanto”, 1966, 172.000 EUR, Spanish private collector

Oriol (Barcelona), José Guerrero 1960, between 120.000 and 180.000

Juana de Aizpuru (Madrid), Albert Oehlen “Untitled”, 2012, 340.000 EUR, Spanish private collector

Marlborough (Madrid) Juan Genovés “Noticias”, 95.000 EUR, Spanish private collector

Thomas Schulte (Berlin), Alfredo Jaar “Kultur = Kapital”, neon light installation, 16.000 EUR, Belgian private collector

Georg Nothelfer (Berlin), Christo y Jeanne-Claude “The Mustaba of Abu-Dhabi”, collage 1979, 90.000 EUR, French private collector

Lelong (Paris), Jaume Plensa “Awilda VII”, sculpture 2011, 240.000 EUR, Spanish private collector

Barbara Gross (Munich), Kiki Smith, several works on paper, 20.000 $ each // Tejal Shah “Lucid Dreams I”, paper work 2013“ 3.000 EUR

RESERVATIONS

Juana de Aizpuru (Madrid), Martin Kippenberger “Untitled”, 1994, 70.000 EUR

Hans Meyer (Dusseldorf), Hans Hofmann “Shifting Planes”, 1947, oil on wooden panel, 330.000 EUR

Max Weber Six Friedrich (Munich), Peter Zimermann “Rigo”, 43.000 EUR

Christine König – Miriam Charim (Vienna), Valie Export, black and white photography

Walter Storms (Munich), Robert Voit “Venice”, photography, ed. of 6

Edward Tyler Nahem Fine Arts (New York), Calder “Personnage” 1966 // Antoni Tapies “Nu encuadrat” 2003 // Juan Muñoz 1998

Art Fairs
Marion Maneker0January 27, 2013

Art Stage Singapore 2013 First Sales

Art Stage Singapore 2013 Vernissage TV

Bloomberg and some local outlets cover the fairs:

Timothy Taylor Gallery: a Sean Scully abstract for over US$500,000, as well as two early Andy Warhol illustrations priced between US$20,000 and US$25,000.

White Cube: Antony Gormley cast iron sculpture for £300,000 (S$585,000), as well as a Rachel Kneebone porcelain for £250,000.

Gajah Gallery:sold two Masriadis for $350,000 and $200,000

Indonesian Pavilion: “Silent procession of this cheerful Trojan horse” (2012), by Indieguerrillas, sold quickly for about S$27,000 (£14,000)

Strong Sales at Art Stage (Business Times)

Dylan, Hirst, Masriadi Woo Asian Billionaire Art Buyers (Bloomberg)

The Art Market: Dagges at Dawn (Financial Times)

Art Fairs, General
Laura Roughneen0December 12, 2012

In Conversation: Director of Pulse Art Fair, Cornell De Witt.

Image courtesy of Tara Israel

AMM sat down with Cornell DeWitt, Managing Director of Pulse Art Fair, to find out what Pulse Miami wanted  to convey to the public, how the fair dynamics are evolving and what makes Pulse different from other art fairs.

Laura Roughneen: Cornell, how long have you been the Director of Pulse Art Fair?

Cornell DeWitt: I’ve been in the job about two and a half years, which means that this is my third Pulse Miami, as I started just before the fair in 2010. But then I’ve also done two Pulse New York’s and one Pulse Los Angeles, so I believe the math on that is that this is the sixth Pulse fair that I’ve put on.

LR: What’s the aim for this fair?

 CDW: At the end of the day, the idea is to keep making it better and better every year. But where things really coalesce is when we start to put together the Special Projects. Pulse galleries are a phenomenally strong group of galleries. The art fair landscape is changing so much all the time, and we do have a fair amount of turnover but not nearly as much as some of the other fairs.

LR: In what way do you think the fair dynamic is changing?

CDW: It’s definitely becoming more mature, but that’s where we really try to mix things up. With the Impulse Section, we can always bring in new galleries, and what’s exciting is that, for example, last year we had a young gallery from London in Impulse called Man and Eve, and they were showing an artist by the name of Larissa Nowicki, and Larissa Nowicki won the Pulse Prize, and her career has just been going from strength to strength. She’s been doing residencies all over the country, doing shows, and now Man and Eve have graduated to the main section of the fair and they’re doing a group show. We also have an artists called David Ellis, who shows with Joshua Liner, who won the Pulse Prize in New York in 2011, and since then he’s been collected by the Margulies and so many phenomenal collections, and now Josh is in the main section of the fair doing a more comprehensive collection of his artists. So it’s a constantly evolving process and it’s a process that’s build in.

LR: Is there a theme you try to capture with Pulse?

CDW: We don’t set out to look for a theme. Things happen very organically, which I think is very strong. After all the galleries are accepted and we have our list set up, galleries can then propose Special Projects, and that’s really where it starts to coalesce. We have sixteen Special Projects. This is Carlos Rigau’s work, he’s a very popular artist from Miami; we have Zackary Drucker who’s a young, transgender performance and video artist who’s a critics starlings these days, he had a screening at PS1 recently, he’s getting a lot of curatorial and critical attention. We have Casey Neistat doing our Pulse Play programme, and he’s definitely out of the mainstream of the art world. He specializes in these guerilla-style YouTube videos. He also does Op-Docs for the New York Times, which are short, documentary videos that are essentially opinion pieces.

So we have both ends of the spectrum: Brand new galleries as well as ADAA member galleries. And that’s also something that happened organically.

LR: O.k. Can you talk a little about your vetting committee?

CDW: Well I’m the head of the committee, but it’s a lot of galleries that have been with the fair for a long time, and then for instance we have a lot of German galleries, and Stefan Röpke is on the committee. We’ve been trying to branch out to more European galleries so now we have Nieves Fernández, which is a legendary Spanish gallery that is now run by her middle daughter who’s on the committee and she brings that historical perspective that she gets form her mother, but as a young gallerist is really keyed into the younger galleries in Spain and Southern Europe so that’s a great asset. We have Thomas Von Lintel who’s previously worked as a director of a major German gallery for a long time and is a very experienced dealer. And we now have Luis De Jesus, a young gallerist from Los Angeles who is well known and a real driver in the Southern California community.

LR: Regarding the architecture of the space, why does Pulse Miami attract galleries? Is it evolving in any way?

CDW: People come to Miami and find themselves spending five hours in a convention center. And while there’s amazing galleries and art there, why would you want to do that in Miami? We have amazing galleries and art here, and you can go in and out, come rest on the hammocks, sip some coffee and champagne, and then go back inside and see some more work. It’s the enjoyable experience for the collectors, and that makes the galleries happy. We tweak the flow a bit each year. This tent was new last year, we used to have Impulse in the main building and we moved it there last year and it’s worked out great. So we’re always looking to make a great visitor experience and I think that’s what makes it special here.

 

Many thanks to Cornell DeWitt for taking a time out to talk to AMM at Pulse Miami.

Art Fairs
Laura Roughneen0December 10, 2012

Highlights NADA Miami

NADA Miami 2012 showcases a range of work from sophisticated solo projects to glimpses of artists who, while still growing in practice, display signs of sincere promise. Here is a small selection of artists worth remembering.

Marko Mäetamm presents a solo project, Our Daddy is a Hunter, 2011 at emerging Estonian gallery, Temnikova and Kasela. This installation encompasses watercolor drawings, sculpture, print and video. Drawing on the dual viewpoints of both father and child, this series tenses on the line between dark and playful. Highly personal, Mäetamm unfolds before the viewer his personal anxieties at the pressures placed on a modern day, working, family man. The sculpture in the corner is a portrait of Mäetamm wrapped in a living room rug, not standing upright yet not on the floor, willingly captured in this domestic situation. With imagery of the father hunting his family in their domestic environment, the watercolors create mixed anxiety for the viewer. The handwritten text reads from a child’s perspective exerts such as:

“Our Daddy has a big hunting gun, It is very heavy, And very dangerous, And it makes a big noise, When our daddy starts to shoot”

This child, however, also wants to be  just like daddy when he grows up. This childlike reverence of the father figure as a hunter, unaware of the dangers that await him in society as a man, strains against the imagery above, and somehow reverberates out into the viewer the mixed emotions and anxieties felt by Mäetamm himself. However, the playful nature of the drawings reminds us that this is a modern day family life, and while these strains may be placed upon the man of the house, it is a place he has willingly placed himself amongst the family he loves.

At Brennan & Griffin , Sandeep Mukherjee’s Devour, 2011 captures attention without demanding attention. This subtle work, elegant in execution, is created with acrylic and acrylic inks on duralene (a polymer film.) With a range of brushstrokes and exquisite mark making, Mukherjee engages the viewer with a material practice based on instinct and improvisation. The final form grows from a combination of organic material influences and an organic, intuitive process. He is interested in blending the process of image with generic iconography. With Devour the dark area could represent a plain, the colored area a generic, organic form (such as a seashell) though Mukgerjee references such forms implicitly.

Bischoff Weiss wowed with a challenging and complex solo presentation of Raphael Zarka. A risky and demanding presentation for an art fair audience, this booth, for those who paid due time and diligence to the work, delivered a highly sophisticated presentation. Since 2001, Zarka has been assembling a mass of forgotten or neglected sculptural forms in a series know as Les Formes du Repos (Resting forms.) 

According to Suzanne Cotter: Zarka captures the sculptural possibilities of these forms as images, such that the abandoned, the disused, and the forgotten become sites of potential, with a lexicon of formal associations that runs from Plato to modernism to postminimalist sculpture. 

Years of living as a keen skateboarder have enabled him view the geometry of shapes and surface dynamics of objects in a way that the standard observer of such opportunities would fail to perceive, his work opening up this dialogue to the viewer.

 

Images courtesy of:

Jessica Silverman Gallery

Lautom Contemporary

Temnikova and Kasela

Brennan & Griffin

Independent Curators International

Art Fairs
Marion Maneker0December 09, 2012

Vernissage TV: ArtBasel Miami Beach

Untitled Document