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Wednesday, 29 May 2013 18:32

Heritage Auctions Expands in New York City

Heritage Auctions, which is based in Dallas, TX, has announced that they will be expanding their New York City office. The company has leased over 5,000-square-feet of additional space next to their current Park Avenue location. The expansion, which has tripled the auction house’s space in New York, will include an area for private sales, a showroom for exhibiting auction highlights, and a saleroom for small, on-site auctions. Heritage will continue to hold their larger sales at the Fletcher Sinclair mansion across from the Metropolitan Museum of Art.

Heritage, which was established in 1976, is currently the largest auction house specializing in collectibles such as rare coins, civil war memorabilia, fine and rare wine, and rare books and manuscripts. The auction house brought in around $900 million in sales last year.

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The Tate Modern in London has announced that they will present the largest exhibition of Henri Matisse’s (1869-1954) late works. Henri Matisse: The Cut-Outs will feature 120 of the artist’s paper cut-outs made between 1943 and 1954, when his health was diminishing and he found himself unable to paint.

Matisse’s first cut-outs were made between 1943 and 1947 and were presented together in Jazz 1947, a book of 20 plates. Copies of the book along with text handwritten by Matisse will be shown alongside the original compositions. Other highlights from the exhibition include the Tate’s own The Snail, the Museum of Modern Art’s Memory of Oceania, and the National Gallery of Art’s Large Composition with Masks. The exhibition will stand as a testament to the importance of the final chapter in Matisse’s long and influential career.

Henri Matisse: The Cut-Outs will be on view from April 17, 2014 though September 7, 2014.

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The remarkable Barbier-Mueller Collection of Pre-Columbian Art will be up for sale at Sotheby’s Paris on March 22 and 23, 2013. Comprised of approximately 300 works from Mexico, Central America, and South America and worth around $26 million, the Barbier-Mueller collection is the most important grouping of its kind ever offered at auction.

Swiss collector Josef Mueller (1887-1977) started building his collection after acquiring major works by Ferdinand Hodler (1853-1918) and Paul Cézanne (1839-1906) in Paris during the early 20th century. Mueller went on to develop an affinity for important works of Pre-Columbian art. The collection was later honed and expanded to include African art, Oceanic art, and Cycladic art by Mueller’s daughter, Monique, and her husband, Jean Paul Barbier-Mueller.

The works offered at Sotheby’s span the historical cultures that dominated the period from 1200BC to 1500AC and include objects in wood and stone, ceramics, textiles, and ritual items. Highlights from the collection include a Chupicuaro ceramic statue from 500-100BC that is expected to sell for approximately $2.6 million; a Maya ceramic head that Mueller purchased from the film director John Huston estimated to bring $200,000-$325,000; and an Aztec stone figure of a water goddess from 1300-1500 expected to garner over $650,000.  

The Barbier-Mueller Collection of Pre-Columbian Art is on view at Sotheby’s until March 21, 2013.

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Now’s the Time: Recent Acquisitions brings together highlights from the Solomon R. Guggenheim Museum’s ever-growing collection of contemporary art. Ending on January 2, 2013, the exhibition features works that have been acquired by the institution over the past five years and illustrates how painting, sculpture, and photography have evolved since the 1970s. While spotlighting the museum’s newest holdings, Now’s the Time also shows how the institution’s acquisitions have grown more inclusive in recent years and features works from a wide variety of artists and explores a range of ideas and perspectives.

The exhibition features works from both established and emerging artists including Ai Weiwei (b. 1957), William Cordova (b. 1971), Anish Kapoor (b. 1954), Barbara Kruger (b. 1945), and Lyle Ashton Harris (b. 1965).

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California based auction house, Profiles in History, announced today that they will exhibit highlights from their upcoming auction, The Property of a Distinguished American Private Collector. The exhibit will be held at Douglas Elliman’s Madison Avenue Gallery from December 3 through December 9. The exhibit was supposed to be held at Fraunces Tavern Museum, but an alternate location was needed after Hurricane Sandy inflicted a fair amount of damage on the museum.

The Property of a Distinguished American Private Collector includes over 3,000 manuscripts that will be auctioned off at a series of sales beginning on December 18. The first part of the sale will include 300 of the most important letters and manuscripts from the collection and carries an estimate in excess of $8,000,000.

One of the most notable highlights of the exhibition and sale is a four-page handwritten letter by Vincent van Gogh. In the letter written to his close friends, Monsieur and Madame Ginoux, just seven months before his death, van Gogh talks of his failing mental and physical. He writes, “Disease exists to remind us we are not made of wood…” The letter, penned on January 20, 1890, is expected to bring between $200,000 and $300,000.

Other important documents on view include several manuscripts by George Washington, a Thomas Paine manuscript, a rare Emily Dickinson letter, and other correspondences by Sigmund Freud, Carl Jung, Karl Marx, Charles Darwin, and Thomas Edison.

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Friday, 12 October 2012 19:49

Frieze Masters Enjoys Serious Sales

The inaugural Frieze Masters fair is already drawing comparisons to TEFAF Maastricht, the pinnacle of Old Masters fairs that takes place annually in the Netherlands. Featured alongside the contemporary art world staple, the Frieze Art Fair, Frieze Masters has been watching the sales add up.

Highlights include a Louise Bourgeois bronze, Avenza Revisted (1968–69), that was sold by New York’s Cheim & Reid gallery for $1.5 million, Bruce Nauman’s installation, Parallax Shell (1971), along with the drawing for it, which was sold by Sperone Westwater (New York) for $2–3 million, and Pablo Picasso’s Homme et Femme au Bouquet (197) which brought in around $9 million during the fair’s preview thanks to Wan de Weghe Fine Art (New York).

Concluding on October 14, Frieze Master still has plenty of time to keep the sales coming.

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While sales totaled $3,486,127 million at Sotheby’s American Paintings, Drawings, and Sculpture auction on September 28th in New York, 35% of lots went unsold. Sotheby’s did slightly better than Christie’s in the American Art arena, but both sales are a testament to the lackluster performance of mid-season auctions.

“Sotheby’s did put a few more important paintings in the sale,” said Debra Force of Debra Force Fine Art, Inc. “The question is whether the clientele is there to buy it.” It appears that the clientele interested in purchasing Rockwells were at least in attendance. Is He Coming? (1919), a quintessential Norman Rockwell painting of a young boy and his dog peering up the chimney on what appears to be Christmas Eve, brought in $602,500. The final price was $300,000 more than than the paintings high estimate ($200,000–$300,000).

Sotheby’s sale featured more than 200 paintings, drawings, and sculptures and included property from two noteworthy private collections belonging to Margie and Robert E. Petersen and Susan Kahn Rosenkranz and Richard Rosenkranz. Highlights included works by Rockwell Kent, Marsden Harley, Grandma Moses, and Ben Shahn with Kent and Moses taking two of the top five lots. Moses’ On the Banks of the Hudson reached the third highest price of the sale at $92,500 but still brought in considerably less than its high estimate of $120,000. Rockwell Kent’s Adirondack Farm, Summer sold for $86,5000 (estimate: $25,000–$35,000), the fourth highest sale of the auction.

While the highlights of the auction could have made more money in a more important sale, the quality is there. "Maybe more important collectors need to get used to looking at these mid-season sales," says Force. 

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