Showing posts from January, 2008

Old Master Drawing Sold for 1,9 Million

Did you know that a drawing made with red chalk was sold last week for 1,9 million?
The star lot in Sotheby's main sale of Old Master Drawings is Fra Bartolommeo's "A double sided sheet studies of heads.

Drawings offer an immediacy and proximity to the artist and his work that a finished painting is meant to lack. Drawings are akin to the contemporary studio visit, a way to get closer to the artist and experience his point of view.

Fra Bartolommeo
Title Heads - study (recto/verso)
Medium red chalk
Size 10.6 x 7.7 in. / 27 x 19.6 cm.
Sale Of Sotheby's New York: Wednesday, January 23, 2008 [Lot 123]
Old Master Drawings
Estimate 800,000 - 1,200,000 US$
Sold For 1,945,000 US$ PREMIUM

The Art Market Is Alive

Lucas Cranach the Elder's "Phyllis and Aristotle" sold last week for $4,073,000, beating its estimate of $2.5–3.5 million

The week’s biggest sale, Sotheby’s Important Old Master Paintings Including European Works of Art, from January 24 to January 25 that offered 398 lots, brought in a total of $82.5 million, well within its estimate of $68.3-99.7 million.

There’s No Recession, Ferrari Sold for 3 Million

Auctioneers in various collectibles markets — art, wine, vintage cars — insist there’s no recession.

The yellow Ferrari was the star, It sold last week for 3 Million at the Barrett-Jackson auto auction, held in Scottsdale, Ariz.
Barrett-Jackson is the largest auto auction of its kind, and serves as the annual mood meter for rich car collectors.
This year, the company says, about 280,000 people attended the auction, and more than 1,100 cars were sold.

How about the painting of an ugly car?

Rare Objects at Palazzo Grassi - Objetos Raros em Veneza

The Casket of Teuderic (A.D. 654–656)

January 26 through July 20
“Rome and the Barbarians, the Birth of a New World”—the first pre-20th-century show to occupy the Palazzo Grassi in Venice since Francois Pinault took over—presents a panoramic view of the conquests and cultural exchanges that took place between the Romans and various invaders throughout the Christian era’s first millennium.

It's a cast of thousands—Roman rulers from Caesar through Constantine plus Goths, Visigoths, Franks, Lombards and Vandals—evoked through 1,700 rare objects lent by 200 museums and institutions.
[from artinfo]

Moroccan Vase and Brazilian Art It's a New Global Game?

Abstract Painting from regiaart, and

Moroccan Vase from Jumeirah collection
Highly glaze in bright colors and embellished with silver decorative patterns, this well proportioned vase would compliment any red flower bouquet or shelf. Perfect as a gift or even as a treat for you.
* Length 11cm * Heigth 19cm

Moore Bronze Sculpture Will Get $4 Million?

3,000,000—4,000,000 GBP
MEASUREMENTS length: 264.5cm., 104 1/8 in.

Executed in 1983 and cast in bronze in an edition of 9.
inscribed Moore, numbered 8/9 and with the foundry mark Morris Singer Foundry, London

A predicted star of Sotheby's evening sale of famous Impressionist and modern art next week is sculptor Henry Moore's Draped Reclining Mother and Baby, a piece that represents one of the major themes of his work. [from Guardian unlimited]

Record 125 Dealers at the L.A. Art Show

Los Angeles Art Show
Jnuary 23-27 2008
Barker Hangar
Santa Monica, California

The expansion to 125 dealers, from 82 last year...
Many dealers said worldwide economic instability hadn't pushed them to reduce prices, saying mid-market buyers are often more inspired to purchase art for enjoyment than for investment. If anything, prices are rising, said Stuart Denenberg, whose galleries in New York and Denenberg Fine Arts West Hollywood specialize in international modernism.
[read more at bloomberg]

Islamic Art Collection at the Emirates Palace hotel

Khalili Islamic Art Collection is on display at the Emirates Palace hotel, Abu Dhabi.
Treasures from Nasser D Khalili Collection, the exhibition comprises more than 500 works of art, some never seen before. One of the most exceptional pieces includes a detailed panoramic watercolour of Makkah, painted in 1843 – the earliest known visual record of the holy city.

Prince's Botanicals Watercolors

Watercolors from the Highgrove Florilegium
Botanical Paintings from the Garden of HRH The Prince of Wales
January 23 - April 12, 2008
NYSID Gallery, 161 East 69th Street New York, NY
Gallery hours: Monday - Saturday, 10 am - 5 pm, closed Sundays and holidays.
Free, accessible, and open to the public.

Seventy-five watercolors of plants from the Prince of Wales's Gloucestershire estate at the New York School of Interior Design.
Prince Charles, a noted amateur watercolorist, oversees the design of Highgrove, his organic garden. Information: +1-212-472-1500

Pay $9,200 inkwell Pay what you want for video code

Pay $9,200 Silver and Crystal Inkwell from Ralph Lauren

Pay what you want for a Regia's Video Art code

or let's say just a LINK here.

Which one?

Kazakhstani Horelma Peramam Paid £50 million for a London Mansion

Horelma Peramam, a super-wealthy Kazakhstani has paid £50 million ($97 million) for a mansion on Bishop's Avenue one of London's most expensive streets. The Sultan of Brunei and the Saudi Arabian royal family own properties there.

The neo-classical Toprak, with a green copper roof and Grecian-style pillars at the front, sits in two acres of garden and boasts a main salon that is 80ft long with a 30ft dining table, a Turkish bath that can accommodate 20, a swimming pool with a glass bridge and four separate kitchens.

Horelma Peramam now intends to spend another £30 million renovating her property on Bishop's Avenue in genteel Hampstead, north London, adding features including a heliport, beauty salon and cinema.
How many paintings do you want for your new home?

How Many Art Book Do You Want? 35,000 Not A Problem

Salander-O'Reilly Galleries, the New York art dealer that filed for bankruptcy protection in November, plans to sell its collection of 35,000 art books and catalogs.
It includes 19th- and 20th- century art, architecture, furniture, tapestry, mosaics and jewelry. A sale must be approved by Cecelia Morris, the Poughkeepsie, New York, judge overseeing the bankruptcy. [from bloomberg]

French and Russian Master Paintings at the Royal Academy

Dryad, 1908
Pablo Picasso
Oil on canvas 185 x 108 cm
The State Hermitage Museum, St Petersburg

French and Russian Master Paintings 1870-1925 at the Royal Academy London
Artworks on loan from Moscow and St Petersburg
The exhibition opens on January 26 2008

Mary-Kate and Ashley Olsen Portraits of New York Rich

Mary-Kate and Ashley Olsen
Net worth: $200 million ($100 mil per sister)

You don't usually associate direct-to-video with untold riches, but the Olsons' 47 youth-focused films, along with a fashion line at Wal-Mart and countless other merchandising ventures, turned them into teenage moneymaking machines. [from timeout New York]

Davos World Economic Forum

Rich and Powerful Annual Meeting 2008
The Power of Collaborative Innovation
23-27 January, Davos, Switzerland
There are five "conceptual pillars" to this year's forum
1- competing while collaborating
2- addressing economic insecurity
3- aligning interests across divides
4- exploring nature's new frontiers
5- understanding future shifts
[from portfolio mag]

The key issue at this Davos is the world financial situation, and this should be on delegates’ minds throughout the forum.
Davos Link
BBC blog on Davos
BBC Q&A: World Economic Forum 2008
More on Davos by business24-7
Davos Diary by New York Times

Happy Birthday to You Jeff Koons

Jeff Koons born Jan 21 1955 - artist, sculptor.

Jeff Koons sculpture Hanging Heart, pictured on the New York Times paper + R. Marinho video art drawing.

Alexander Tabalov Sets Up Art Kapital Auction House

Ukraine's art market has "a lot of potential and is already showing rapid growth,'' says Tabalov.
"With real estate booming, people need to put something on the wall, and many understand it makes financial sense to have fine art because its value will only increase''. [read more at bloomberg]
He Make Bread and Make Millions and Buy Art.
Invitation to Consign? Art Kapital website in English?

Em Portuguese.
Alexander Tabalov, faz pao, faz muito dinheiro e ai ele compra arte. E agora vai abrir uma casa de leilao de arte.
O que voce faz ai no Brazil ou em Portugal que te rende muita grana?...

Tory Burch in Pink and Chanel

Tory Burch in Pink with Chanel art.

Appetite for Art? Gulf Seminars Dubai, Abu Dhabi, Kuwait City

Canvas Education run seminars on fine art.
Dubai, Jumeirah Emirates Towers Hotel: 19-21 January
Abu Dhabi: 20-22 January
Kuwait City, Marina Hotel: 22-24 January

For the first time in the Middle East, art lovers will have a one-day seminars. Presented by renowned experts, experience the beauty of original works of art and jewellery up close and personal.
Ball-Lechgar's editor of the Dubai-based art magazine Canvas and one of 12 experts to participate in a series of education seminars opening this weekend in the Gulf.
[more info at canvas online]

Henry Kravis Portrait of New York Rich

Henry Kravis,
Net worth: $5.5 billion
A partner in respected/feared leveraged-buyout firm Kohlberg Kravis Roberts, Kravis became rich using a strategy:
poach struggling, debt-saddled companies, rework the balance sheets and sell for profit. Kravis sits on the board of the Metropolitan Museum of Art and owns homes in Manhattan; Southampton; Palm Beach, Florida; Sharon, Connecticut; Meeker, Colorado; Paris and the Dominican Republic. [from timeout New York]

Eike Batista Turning Gold Into Iron Is That Possible?

Eike Batista made his first millions digging for gold. The Rio de Janeiro mining magnate became a billionaire by pouring his gold profits into iron.

“I’m a massive creator of wealth,” Batista, 51, told reporters in Rio de Janeiro. “I don’t want to be just a paper baron. Wealth is made when you bring the investment around 360 degrees and then invest the cash again.”
[read more published by bloomberg]

About his collection of Brazilian art ...let's find out.

Sobre Eike Batista
Em 2000 Eike era proprietário das seguintes empresas: EBX (empresa holding e encomendas expressas), TVX (mineração), MPX (energia), AMX (recursos hídricos) e MMX (mineração e siderurgia), todas com sede no Rio de Janeiro, onde passa a morar.

O mais bem sucedido de seus negócios é o de mineração: em 1999, a TVX acumulava 300 toneladas de ouro em reservas líquidas, produzia 20 toneladas anuais, contava com mais de 2 mil empregados e começava a atuar na Grécia. A preferência pelo xis na sigla das empresas tem uma explic…

Regia Show Mark Rothko Painting Art Video NYTimes Ad

Updating:Rockfeller's Rothko sold for $72,840,000
ROTHKO + REGIA goes for...?
New York Times draw over project by artist Regia Marinho.
MARK ROTHKO + REGIA ART the Auction at Sothebys Ad.
Music: Brazilian Musics at Starbucks location on May 4, 2007.

Investor Nelson Peltz Turns to Tiffany

Is Peltz's apparent interest in Tiffany a sign that he believes the U.S. luxury market is heartier than Wall Street makes it out to be?
[read more at] How about Art Investing?...

Winter Antiques Show Opens Tomorrow

Executive director, Catherine Sweeney Singer photo with regiaart.

The Winter Antiques Show opens at the Park Avenue Armory in Manhattan tomorrow.
The show benefits the East Side House Settlement, offers everything from American furniture to Chinese porcelain, from Old Master drawings to arms and armor.

Philip Hoffman Raises $25 million International Fine Art Fund

Philip Hoffman, the founder of one of the largest international art fund management firm, the UK-based The Fine Art Fund Group, is raising $25 million for an Indian Fine Art Fund. This will be the largest international fund to cater to the booming demand for Indian art.
[read more...]

Jane and Marc Nathanson Gallery at Broad Contemporary Art Museum

LACMA trustee Jane Nathanson and her husband, communication and investment mogul Marc Nathanson, will have a ground-floor gallery in the building named for them in recognition of a $10-million gift to the museum to be announced today. The donation is earmarked for contemporary art programs and acquisitions.
Jane Nathanson, and her husband Marc have collected contemporary art and photography for 40 years.

Art in the Desert

This is Frank O. Gehry proposal for the Guggenheim Museum in Abu Dhabi.

Abu Dhabi is aspiring to become one of the world's new culture capitals. Star architects have been commissioned to build the world's most spectacular museums on an island just off the Arab metropolis. [from Spiegel]

Tea Tables for $2 Million?

The McMichael-Tilghman Family "Acme of Perfection," Chippendale Carved and Figured Mahogany Tilt-Top Piecrust Tea Table, Philadelphia, Pennsylvania, circa 1755.
A pair of rare 18th-century Philadelphia tea tables, expected to fetch more than $2 million each, will be sold this week in New York during Americana Week at Christie's and Sotheby's. [from bloomberg]

Leona Helmsley Art Collection Will Be Auctioned

Leona Helmsley's estate will sell art and furniture from the real-estate developer's homes in New York, Greenwich, Connecticut, and Sarasota, Florida.
Results from this sale will not further enrich the dog's trust fund, but rather the Leona M. and Harry B. Helmsley Charitable Trust.
[from bloomberg]

Art Collector Alice L. Walton Historical Society Chief to Board

The New-York Historical Society today named Alice L. Walton, the daughter of late Wal-Mart Inc. founder Sam Walton, to its board of directors.
Walton was ranked No. 15 on Forbes magazine's 2007 list of the richest people in the U.S., with assets of $16 billion. She is president of Crystal Bridges Museum of American Art. It's scheduled to open in Bentonville, Arkansas, in 2010, the same year her tenure on the New York museum's board will end.
Founded in 1804, the society is New York's oldest museum. [from bloomberg]

Regia Marinho Video Draw Over Painting Sotheby’s London Sale

Video: Regia Marinho drawing over the New York Times image.
Image painting: Alexej Von Jawlensky’s ‘Schokko’ (c. 1910), a detail of which is above, and other works in the upcoming Sotheby’s London sale of Impressionist and Modern art are on view until January.
[read more at The New York Sun]

Supercollector Develper Aby Rosen Sotheby's Deal

Sotheby's, the auction house that sold about $6 billion of art last year, agreed to buy its New York City headquarters for $370 million from RFR Holding Corp.
RFR, the New York real estate company controlled by developer Aby Rosen, will receive certain terms on the sale of art works through Sotheby's as part of the deal, Sotheby's said in a regulatory filing today. Sotheby's rose as much as 5.2 percent in New York trading.
[read more at bloomberg]

The Museum of American Finance Re-Open

(picture) A turn-of-the-century Edison Universal Stock Ticker is among artifacts displayed at the museum.

The Museum of American Finance re-open a block away from the New York Stock Exchange after a $9 million makeover.

Its goal is to become a major tourist attraction in lower Manhattan, an educational destination where children can learn the basics about the country's financial system, and an archive of mementos, artifacts and other memorabilia from some of the nation's most famous financiers. [from usatoday]

Why Uli Sigg Buy Contemporary Art?

Why Uli Sigg collects contemporary Chinese Art: to try to understand China.

Contemporary art is a very good way to access a culture, says Uli Sigg, whose unyielding discipline in studying China has resulted in a collection of roughly 1,600 pieces of contemporary Chinese art. read more [from wsj]

Anyone trying to understand Brazil? Collect Brazilian Art.

Annette de la Renta Head Committee for de Montebello Successor

The committee, headed by vice chairmen of the museum's board Annette de la Renta and S. Parker Gilbert, met for the first time Wednesday. De Montebello, who will not be directly involved in finding a replacement, said the search would probably take several months. [from artinfo]

Francesca von Habsburg Collect Art Doing Commissions

Why Francesca von Habsburg Collect Art: To experience the creation of art.

The daughter of collector and steel magnate Baron Hans Heinrich Thyssen-Bornemisza (and wife of Austrian archduke Karl Habsburg), Ms. von Habsburg, says she is interested in commissioning art.
She says the shift is a way of "moving beyond just being happy and satisfied with a feeling of acquisition, to being involved in the creative process."
"Doing commissions, I've spent infinitely less money than dripping around art fairs."
Commission to educate yourself, as well as help artists. [from wsj]

Island Man-Made for Fashion in Dubai- How About One for Art? Yea

An island on Dubai’s man-made archipelago The World, will be transformed into the world’s first fashion island.
The project Isla Moda will merge high style and luxury to attract the world’s fashion cream of the crop by including a fashion hotel, a range of themed residential villas, and boutiques representing the world’s most prominent designers. [from]
How about an Island just for art, cheap artists live work loft studios, coffee shops, art gallery. Yea! a new Montparnasse. Anyone listening? Let me know. I want to be the first.

What Next? Guy - Philippe Henri Lannes de Montebello

After the Met...What next?
Philippe de Montebello, director of the Metropolitan Museum of Art in New York for three decades, said today that ``the time is right'' for him to retire because ``society and the world change faster than people in positions like mine. [from bloomberg]

Eli Broad Keep 2,000 Art Pieces in His Private Foundation

background: Regia Marinho 36 x 48 in. painting.

An evidence of that shift in power in the art world?
Billionaire Eli Broad, one of the world's top 10 art buyers, said he won't give any of his 2,000 works to museums as he once intended.

“We don’t want it to end up in storage, in either our basement or somebody else’s basement,” Mr. Broad said. “So I, as the collector, am saying, ‘If you’re not willing to commit to show it, why don’t we just make it available to you when you want it, as opposed to giving it to you, and then our being unhappy that it’s only up 10 percent or 20 percent of the time or not being shown at all?’” [New York Times]

What does this mean for artists? Well, essentially it means that the ultimate prize may no longer be getting your work into a museum, but rather into a high-profile collection (i.e., so that it will be exhibited more frequently). [from edwardwinkleman]

Video Ralph Lauren + Regia Art Dress NY Times Ad

Triptych by Francis Bacon in London Estimates how much? $49 million

Triptych 1974-1977 by Francis Bacon. [Christie's via Bloomberg]
Christie's said that it will offer Triptych 1974-77 on Feb. 6 in London.
Estimates around... how much?? $49 million, 25 million pounds.
Do you have that kind of money? How about buy art from us very low priced artists?

Nahmad Family Made Billions Trading Art

They have 15,000 square feet of a duty-free building next to the airport in Geneva.
The warehouse contains between 4,500 and 5,000 works of art, worth somewhere between $3 billion and $4 billion. The Nahmads' has 300 Picassos, worth some $900 million. How they learn the trade? [from Forbes]

When the Nahmads play the game as buyers, they're willing to let things go. They buy for inventory and have enough money to sit and wait, so they only buy cheaply.
How about buy artworks from artists in their studios? It's extremely cheap comparing to auction houses.

R. Marinho paintings.

Tom Wolfe New Book on Immigration and Contemporary Art

“I want to create a green zone in Miami,” he said. “A green zone for artists, where we give them free iPhones and microwaves, and then send them out into the slums to revive the areas — sort of like an artist army.”
Mr. Wolfe is, at work on a book about Miami.

Regia Art Market - Jose Mugrabi The Man With 800 Warhols

Today The Wall Street Journal's Kelly Crow profiles "The Man With 800 Warhols."
Jose Mugrabi is smiling. He is the owner of the world's largest private art collection in the world, of Andy Warhols.

Regia Art Market - In Europe 2000 People Worth over £100 million

Roman Abramovich
Age: 40
Fortune: self made
Source: oil
Net Worth: $18.7 bil
Country Of Citizenship: Russia
Residence: London , United Kingdom, Europe & Russia
Industry: Oil/Gas
Marital Status: married, 5 children
Education: Drop Out

According to a number of established resources there are now 2,000 individuals in Europe worth over £100 million ($177 million) with approximately 80% creating their own fortunes. Added together their combined wealth would easily equate to the GDP of a small country.
[from lussorian]

How do you spend that kind of money? Do you have a special book you can share the title with me? I'll be forever grateful.

Regia Art Market - 2007 Most Expensive Paintings Sold in Auction

1937 Henri Matisse painting – US $33.6 million

Warhol’s iconic Liz Taylor portrait – US $23 million

Francis Bacon’s self portrait – US $33 million

Francis Bacon’s Bullfight – US $45.9 million

It's fantastic, but what about paintings from the less known artist?
Where sales are most likely to happen in 2008 for artists not available in the auction room?... online, or in a private room?