Art Enthusiast:

A quote regarding the top art collectors of today:

“There are about 140 people in the world who have the discretionary income to buy works for $50 million,” Woodham said, and around a thousand for $5 million and above, he estimates. “Each one has a bullseye on them. The art world massively over-serves them.”

IW

Prior posts related to the exhumation of Salvador Dali to check the allegation of a woman that she was his daughter. DNA tests ruled out the woman's claim.
See... https://elpais.com/elpais/2017...08162182_382972.html

I suppose they returned the body to the crypt.

quote:

Originally posted by Italian Wino:
A quote regarding the top art collectors of today:

“ There are about 140 people in the world who have the discretionary income to buy works for $50 million ,” Woodham said, and around a thousand for $5 million and above, he estimates. “Each one has a bullseye on them. The art world massively over-serves them.”

IW

There are over 2,000 Billionaires in the world today so I would disagree with this statement. However, of that number being 'serious collectors' of Art, that may be true. Don't know.

Architectural Digest annual art issue ( December) is now out.

I always look forward to their publication, and this is always my favorite. This years art issue will not appeal to the masses, which I love.

quote:

Originally posted by KSC02:

quote:

Originally posted by Italian Wino:
A quote regarding the top art collectors of today:

“ There are about 140 people in the world who have the discretionary income to buy works for $50 million ,” Woodham said, and around a thousand for $5 million and above, he estimates. “Each one has a bullseye on them. The art world massively over-serves them.”

IW

There are over 2,000 Billionaires in the world today so I would disagree with this statement. However, of that number being 'serious collectors' of Art, that may be true. Don't know.

Steve Martin, a very serious collector thinks $25M is now the entry point for the finest of the fine for both modern and contemporary art.

quote:

Originally posted by wine+art:
Architectural Digest annual art issue ( December) is now out.

I always look forward to their publication, and this is always my favorite. This years art issue will not appeal to the masses, which I love.

FWIW, "Condé Nast, the publisher of The New Yorker, Vogue and Vanity Fair, plans to cut roughly 80 employees across the company. It will also publish one fewer issue per year of the now-monthly magazines GQ, Glamour, Architectural Digest and Allure." Times continue to be hard for magazines.

An article highlighting the Impressionist and Modern auction at Christie's last night.

https://www.artsy.net/article/...rial&utm_content=st-

A storied art collection shrouded in mystery will anchor new UC Irvine museum

Wow.

Will the Leonardo da Vinci piece set a new record tonight? Christie's is auctioning off tonight in NYC the piece Christ portrait Salvator Mundi by da Vinci. Some say it could break the record price for a piece of artwork sold at auction. They have a third party guarantee for the piece and the word out there is that number is in the $100M vacinity. I can think of a few museums that would like to have this.

IW

It went for over $450 million, 50% more than the previous record of $300M for a piece of art.

quote:

Originally posted by vinole:
It went for over $450 million, 50% more than the previous record of $300M for a piece of art.

W+A must have dumped his FB stock recently.

finally, some rich folks are spending money instead of hoarding it.

Individual or Museum? I am guessing Museum. This is simply a WOW number.

IW

This is what blows my mind: (in WP article)

Then it dropped off the grid for another 50 years until resurfacing in Louisiana in 2005. There, for $10,000, New York-based art collector and da Vinci expert Robert Simon and art dealer Alexander Parish found and purchased it, the New Orleans Advocate reported.

At first glance, Simon thought it was just another copy of the famed painting.

“It was a very interesting painting but it’s not something I looked at and thought, ‘Oh, my God, it must be a Leonardo,'” Simon told CNN. “The whole idea that it might be by him was almost an impossibility; it’s kind of a dream.”

quote:

Originally posted by vinole:
It went for over $450 million, 50% more than the previous record of $300M for a piece of art.

There are only 15 works by Leonardo known in the world IIRC. This rarity will drive the cost for sure.

I’m reminded of a collector in NY who’s home is filled with hundreds of millions worth of both modern and contemporary art. He was asked why modern and contemporary art was his favorite? He replied it wasn’t his favorite, High Renaissance was his favorite but he could own one or two pieces of High Renaissance art or have his home filled with modern and contemporary art. This price seems to confirm this thinking.

But is it real?
http://www.vulture.com/2017/11...ardo-i-doubt-it.html

quote:

Originally posted by wine+art:

quote:

Originally posted by vinole:
It went for over $450 million, 50% more than the previous record of $300M for a piece of art.

There are only 15 works by Leonardo known in the world IIRC. This rarity will drive the cost for sure.

I’m reminded of a collector in NY who’s home is filled with hundreds of millions worth of both modern and contemporary art. He was asked why modern and contemporary art was his favorite? He replied it wasn’t his favorite, High Renaissance was his favorite but he could own one or two pieces of High Renaissance art or have his home filled with modern and contemporary art. This price seems to confirm this thinking.

Interesting story and understandable. My understanding is that this was the only Leonardo in private hands, hence the price. Question for you. What is the typical buyer's premium for an art auction at this level? I'm thinking it was at least a mid 8 figure number and could approach a 9 digit number.

quote:

Originally posted by vinole:

quote:

Originally posted by wine+art:

quote:

Originally posted by vinole:
It went for over $450 million, 50% more than the previous record of $300M for a piece of art.

There are only 15 works by Leonardo known in the world IIRC. This rarity will drive the cost for sure.

I’m reminded of a collector in NY who’s home is filled with hundreds of millions worth of both modern and contemporary art. He was asked why modern and contemporary art was his favorite? He replied it wasn’t his favorite, High Renaissance was his favorite but he could own one or two pieces of High Renaissance art or have his home filled with modern and contemporary art. This price seems to confirm this thinking.

Interesting story and understandable. My understanding is that this was the only Leonardo in private hands, hence the price. Question for you. What is the typical buyer's premium for an art auction at this level? I'm thinking it was at least a mid 8 figure number and could approach a 9 digit number.

There is also comment that it may not be a Leonardo at all as folks believed that he did paint that much. Also there has been a few touch-ups to the art work, and they were not done well.

quote:

Originally posted by vinole:

quote:

Originally posted by wine+art:

quote:

Originally posted by vinole:
It went for over $450 million, 50% more than the previous record of $300M for a piece of art.

There are only 15 works by Leonardo known in the world IIRC. This rarity will drive the cost for sure.

I’m reminded of a collector in NY who’s home is filled with hundreds of millions worth of both modern and contemporary art. He was asked why modern and contemporary art was his favorite? He replied it wasn’t his favorite, High Renaissance was his favorite but he could own one or two pieces of High Renaissance art or have his home filled with modern and contemporary art. This price seems to confirm this thinking.

Interesting story and understandable. My understanding is that this was the only Leonardo in private hands, hence the price. Question for you. What is the typical buyer's premium for an art auction at this level? I'm thinking it was at least a mid 8 figure number and could approach a 9 digit number.

I believe the hammer was $400m, the price including the premium was $450.3m. I bet you the cost of the showings and other related items was in mid seven figures.

quote:

Originally posted by wine+art:

quote:

Originally posted by vinole:
It went for over $450 million, 50% more than the previous record of $300M for a piece of art.

There are only 15 works by Leonardo known in the world IIRC. This rarity will drive the cost for sure.

I’m reminded of a collector in NY who’s home is filled with hundreds of millions worth of both modern and contemporary art. He was asked why modern and contemporary art was his favorite? He replied it wasn’t his favorite, High Renaissance was his favorite but he could own one or two pieces of High Renaissance art or have his home filled with modern and contemporary art. This price seems to confirm this thinking.

I read somewhere recently (sorry, I can't recall where) that in recent years the market for mid-level Renaissance/Baroque/Neoclassical art has more or less collapsed and dealers of this art are sitting on inventory that they can't move, while the market for modern and especially contemporary art has exploded. Makes sense to me. Personally I'd much rather have a home filled with modern and contemporary art, and I expect that sentiment is even stronger with younger collectors.

quote:

Originally posted by sunnylea57:

quote:

Originally posted by wine+art:

quote:

Originally posted by vinole:
It went for over $450 million, 50% more than the previous record of $300M for a piece of art.

There are only 15 works by Leonardo known in the world IIRC. This rarity will drive the cost for sure.

I’m reminded of a collector in NY who’s home is filled with hundreds of millions worth of both modern and contemporary art. He was asked why modern and contemporary art was his favorite? He replied it wasn’t his favorite, High Renaissance was his favorite but he could own one or two pieces of High Renaissance art or have his home filled with modern and contemporary art. This price seems to confirm this thinking.

I read somewhere recently (sorry, I can't recall where) that in recent years the market for mid-level Renaissance/Baroque/Neoclassical art has more or less collapsed and dealers of this art are sitting on inventory that they can't move, while the market for modern and especially contemporary art has exploded. Makes sense to me. Personally I'd much rather have a home filled with modern and contemporary art, and I expect that sentiment is even stronger with younger collectors.

The aesthetic of High Renaissance art would be a tough match to most of today’s homes though obviously could be striking in a Modern home in a monastic kind of way. Then again a lot of art is a tough match to most homes that people live in. I’m easy though, give me a nice Edward Hopper seascape, a Winslow Homer Bermuda watercolour, a Pissarro Montmartre and maybe a Sargent for the dining room and I’m happy.

quote:

Originally posted by Rob_Sutherland:

quote:

Originally posted by sunnylea57:

quote:

Originally posted by wine+art:

quote:

Originally posted by vinole:
It went for over $450 million, 50% more than the previous record of $300M for a piece of art.

There are only 15 works by Leonardo known in the world IIRC. This rarity will drive the cost for sure.

I’m reminded of a collector in NY who’s home is filled with hundreds of millions worth of both modern and contemporary art. He was asked why modern and contemporary art was his favorite? He replied it wasn’t his favorite, High Renaissance was his favorite but he could own one or two pieces of High Renaissance art or have his home filled with modern and contemporary art. This price seems to confirm this thinking.

I read somewhere recently (sorry, I can't recall where) that in recent years the market for mid-level Renaissance/Baroque/Neoclassical art has more or less collapsed and dealers of this art are sitting on inventory that they can't move, while the market for modern and especially contemporary art has exploded. Makes sense to me. Personally I'd much rather have a home filled with modern and contemporary art, and I expect that sentiment is even stronger with younger collectors.

The aesthetic of High Renaissance art would be a tough match to most of today’s homes though obviously could be striking in a Modern home in a monastic kind of way. Then again a lot of art is a tough match to most homes that people live in. I’m easy though, give me a nice Edward Hopper seascape, a Winslow Homer Bermuda watercolour, a Pissarro Montmartre and maybe a Sargent for the dining room and I’m happy.

I'll gladly take Hopper's "Hotel Room".

I would like to have a Turner in my living room.

IW

An art dealer explains how a da Vinci went from less than $200 to breaking the bank at $450M -

https://www.cnbc.com/2017/11/1...ing-450-million.html

Are you a fan of Faberge? A link to a very good article.

https://www.artsy.net/article/...rial&utm_content=st-

IW

The 2015 Mouton Rothschild label will be by easily one of the greatest living artist of today and one of the most important from the last 50 years, Richter.

Thumbs up!

Love the 2015 Richter label. Does anyone know what a well stored '73 Picasso label is worth these days?

IW

quote:

Originally posted by Italian Wino:
Love the 2015 Richter label. Does anyone know what a well stored '73 Picasso label is worth these days?

IW

I don’t. I do have a bottle I never opened.

+/- $800. And all you'd be paying for is the label. Pass.

PH

quote:

Originally posted by PurpleHaze:
+/- $800. And all you'd be paying for is the label. Pass.

PH

Gents, just texted you a picture of my bottle.

Please notice the ullage.

quote:

Originally posted by wine+art:
The 2015 Mouton Rothschild label will be by easily one of the greatest living artist of today and one of the most important from the last 50 years, Richter.

Thumbs up!

I’m a fan of some of Richters work but the 15 Mouton label is fugly IMO. Could have been so much better.

quote:

Originally posted by GlennK:

quote:

Originally posted by wine+art:
The 2015 Mouton Rothschild label will be by easily one of the greatest living artist of today and one of the most important from the last 50 years, Richter.

Thumbs up!

I’m a fan of some of Richters work but the 15 Mouton label is fugly IMO. Could have been so much better.

Richter said he wanted to combine photography and painting, both random and carefully prepared. As an artist all you look to achieve is hitting your mark which he thinks as many agree he did.

Mission accomplished, Mr. Richter.

On a side note, I have too many hobbies but you could combine all of my hobbies together and they would never equal my single passion for art. I so appreciate Mouton seeking out great artist each year for their label.

Has anyone seen Yayoi Kusama's "Infinity Mirrors"? It's recently been at the Broad in LA, SAM in Seattle and several spaces in NY. It's coming to AGO and they're hyping tickets pretty hard. Would be interesting to hear thoughts from someone who has seen it in person. tia.

quote:

Originally posted by wine+art:

quote:

Originally posted by GlennK:

quote:

Originally posted by wine+art:
The 2015 Mouton Rothschild label will be by easily one of the greatest living artist of today and one of the most important from the last 50 years, Richter.

Thumbs up!

I’m a fan of some of Richters work but the 15 Mouton label is fugly IMO. Could have been so much better.

Richter said he wanted to combine photography and painting, both random and carefully prepared. As an artist all you look to achieve is hitting your mark which he thinks as many agree he did.

Mission accomplished, Mr. Richter.

Love the Richter label!

quote:

Originally posted by VinT:
Has anyone seen Yayoi Kusama's "Infinity Mirrors"? It's recently been at the Broad in LA, SAM in Seattle and several spaces in NY. It's coming to AGO and they're hyping tickets pretty hard. Would be interesting to hear thoughts from someone who has seen it in person. tia.

I have not...

quote:

Originally posted by sunnylea57:

quote:

Originally posted by wine+art:

quote:

Originally posted by GlennK:

quote:

Originally posted by wine+art:
The 2015 Mouton Rothschild label will be by easily one of the greatest living artist of today and one of the most important from the last 50 years, Richter.

Thumbs up!

I’m a fan of some of Richters work but the 15 Mouton label is fugly IMO. Could have been so much better.

Richter said he wanted to combine photography and painting, both random and carefully prepared. As an artist all you look to achieve is hitting your mark which he thinks as many agree he did.

Mission accomplished, Mr. Richter.

Love the Richter label!

+1

quote:

Originally posted by VinT:
Has anyone seen Yayoi Kusama's "Infinity Mirrors"? It's recently been at the Broad in LA, SAM in Seattle and several spaces in NY. It's coming to AGO and they're hyping tickets pretty hard. Would be interesting to hear thoughts from someone who has seen it in person. tia.

This is one of the hottest art shows currently in the US. When the tickets went sale in LA they sold out in two hours. A second, and final, block were released a couple of weeks later and sold out in 1 hour. There is a standby line which if you arrive at 6am you MIGHT get a ticket.

If you want to see her work a little more leisurely you can see two of her rooms (her rooms are probably her least significant work, but as some Yelp reviewer put
it horrifying, "They are Instagram-worthy) at the Mattress Factory in Pittsburgh. Also you get a couple of minutes where in this travelling show they're pretty strict about 30 seconds and you're out.

Speaking of Mouton labels, it seems that Balthus is causing trouble again. His 1993 Mouton label caused such consternation that a blank label was distributed in its place in the U.S. market.

Are we going to start seeing fig leaves again?

Prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud of Saudi was the buyer of Salvator Mundi. It will be shown at the Louvre Abu Dhabi.

quote:

Originally posted by Rob_Sutherland:

It will be shown at the Louvre Abu Dhabi.

I put this in the movie thread but thought it should be here too. Go see the movie Loving Vincent (about Van Gogh) if it is in your area.

Link:

http://lovingvincent.com/

IW