A series of Asian Week Auctions at Christie's, Rockerfeller Plaza, New York beginning Tuesday March 18, have been claimed to include some of the most valuable works ever offered in this category.
Chinese art works have overshadowed Japanese and Korean art for years. However, as prices for the former keep rising, the latter are beginning to pick up demand. Some Modern Japanese paintings, by artists namely Saeki Yuzo and Hisashi Tenmyouya can reach six figures. Japan's output of art has been tiny, compared to China but this sector still offers variety, for example painting, calligraphy, carving, woodcut prints, ceramics, lacquer work, costumes and swords and armour.
Highlights among the best Korean works are two paintings by Park Sookeun bought for $30 each by an American stationed in Seoul during the 1960s, estimated to fetch $500,000 apiece.
Source: http://www.ft.com/cms/s/e33b90aa-f234-11dc-9b45-0000779fd2ac.html
Online catalogue at www.christies.com
Damien Hirst is opening a new shop in London ...
Hirst's publishing company Other Criteria, inspired by great results at Zoo Art Fair last October, has signed a lease on a shop in Marylebone which is due to be opening for business later this spring. The products and works will range from very high end, quality limited edition prints and books to mass-produced items like t-shirts or postcard editions ...
http://www.theartnewspaper.com/article.asp?id=7674
Art Dubai - The contemporary art fair starts on Wednesday and continues until March 22.
Formerly the DIFC Gulf Art Fair, the show takes place at the Madinat Arena Jumeirah Resort in Dubai. The programme includes an annual Global Art Forum, where artists, curators and museum directors are invited to discuss contemporary art. Art Dubai has doubled in size, since it's first year, now featuring more than 70 established and emerging international galleries. www.artdubai.ae
Cancellation of Photo London
The forced cancellation on the departure of Director Valérie Fougeirol sees a rescheduling of the event for 2009. The November Paris edition will still go ahead.
http://www.theartnewspaper.com/article.asp?id=7694
Who has been driving the Indian Contemporary Art Market boom?
At present, Charles Saatchi and Frank Cohen have been powering the top end of the market ... so far they are the only important foreign collectors. Billionaire Eli Broad has been on a recent visit to India, no major US collectors are showing a similar commitment.
There are also a few domestic buyers making a difference. The most influential by far is Anupam Poddar whose not-for-profit Devi Art Foundation opens in Delhi later this year. Others include Nitin Bhayana, art advisor Amrita Jhaveri and independent curator Czaee Shah ...
http://www.theartnewspaper.com/article.asp?id=7630
Thousands of American non-doms will escape the worst effects of the tax crackdown in last week's budget.
'Non-doms' who have been in Britain for seven years or more will have to pay a flat levy of £30,000 a year - or face paying UK tax on their income from outside the country. However, certain groups are to be protected ... the art market would escape the non-dom charge because bringing works of art in for public display will not incur a tax liability.
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/03/09/nbudget109.xml
Julian Schnabel: Helsinki Retrospective until 13 April
Texan-born painter grouped into the so-called neo-expressionist movement, along with work by Jean-Michel Basquiat and the German painter Georg Baselitz. Now best known for his success in film directing, including the award-winning 2007 release The Diving Bell and the Butterfly. This retrospective celebrates Schnabel's decades of minimalist and conceptualist artwork, from 1980 to the present, combining multimedia collages with huge portraits and language paintings. www.kiasma.fi
Last week's Art Market News ...
As the Dow spiked last week, the art market continued to look resilient. Good market news come in from London, where Russian bidders drove up prices of contemporary Russian art at a sale at Sotheby's. In addittion, there was positive news from the Netherlands of steady sales at TEFAF, the annual art fair in Maastricht.
http://www.artinfo.com/news/story/27112/the-week-that-was-march-7-14-2008/
"Three Notes from Salalah," an exhibition by Cy Twombly for the inaugural opening of Gagosian's new gallery in Rome.
Cy Twombly (b.1928) was awarded the Golden Lion at the 49th Venice Biennale in 2001. His work is resident in numerous corporate, public and private collections worldwide, for example Tate Modern, LA Museum of Contemporary Art and the Guggenheim Museum, to name a few. His work is one of the highlights of the famous UBS Corporate Collection and can be seen at http://www.ubs.com/4/artcollection/the-collection/a-z/twombly-cy-186/index.html
Twombly, who has made many significant exhibitions with Gagosian Gallery, will be the subject of a retrospective survey at Tate Modern in 2008, which will travel to the Galleria Nazionale d'Arte Moderna in Rome in 2009.
GAGOSIAN GALLERY
VIA FRANCESCO CRISPI 16 T. +39 06 42086498
00187 ROME ITALY F. +39 06 42014765
roma@gagosian.com
Twombly in the Land of Michelangelo
Is Italy the armpit of international contemporary art scene? Can the private market substitute for what really sustains artists, meaning museums, public support and recognition? Prada in Milan, Sandretto Re Rebaudengo in Turin and other private collectors substitute here for the state. Read about some of the promising developments on the Italian contemporary art scene ... and some of what the government needs to do to boost the contemporary art market...
http://www.nytimes.com/2008/03/16/arts/design/16kimm.html?pagewanted=2&sq=Art%20Auction%20News%20&st=nyt&scp=1
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