Vegas Mogul Puts Elbow Through Picasso's Le Reve & Sells it for Record Sum
Picasso is one of the world's most revered artists so it's not really a surprise that his Le Reve has been sold to billionaire hedge fund manager Steve Cohen for $155 million...
Oracle Billionaire Larry Ellison's Art Collection to be Exhibited this Summer
Oracle billionaire Larry Ellison is set to have a busy summer. In addition to prepping his Oracle Team USA yacht to defend the America’s Cup in San Francisco...
Henry Richardson's Artistic Genius: Creating Spheres From Sheets of Glass
When Henry Richardson decided to be an artist, he opted out of art school and decided to take a more direct route delving right in. Self-taught, he started as a painter...
Alright, so we know that the Rococo movement was a century prior to the Titanic's ill-fated voyage but come on, you know that was your first thought when looking at these images too, now wasn't it? While that was probably not the point of Andreas...
Oracle billionaire Larry Ellison is set to have a busy summer. In addition to prepping his Oracle Team USA yacht to defend the America’s Cup in San Francisco, the software mogul is set to exhibit his rarely seen, world-class collection of Japanese...
The 85th Academy Awards are officially over for another year; the gold statues have been handed out, the speeches recited and the gracious losing faces put to good use. This year's awards was hosted by Family Guy creator Seth MacFarlane, known for...
Where art and commerce meet is a tricky intersection, especially when putting a price on street art which espouses social and political theory. Banksy, a British artist whose work speaks of these issues, is usually very elusive, but we would like to...
Family often plays a part in life's most meaningful moments, with common bonds and experiences reinforcing love shared. These dynamics might play a hand in the complexity of the art pieces produced by Slade Project. The artistic team is comprised of...
When Henry Richardson decided to be an artist, he opted out of art school and decided to take a more direct route delving right in. Self-taught, he started as a painter and eventually worked his way up to his current passion, glass sculpture. While...
In the film Beautiful Creatures, Gatlin, South Carolina might seem like a sleepy Southern town where nothing ever happens, but beneath the surface, there are strange and magical forces, rooted in the past, that are about to re-emerge in ways the...
There are plenty of reasons to get excited over a new year but for me, there's nothing better than a whole slew of brand new movies that I cannot wait to see. I look forward to disappearing within a good flick about as much as some look forward to...
Over half a billion dollars in fine art will be sold in London this month as the major auction houses stage landmark sales of contemporary, modern and impressionist art. Topping the list are multimillion-dollar works by the likes of Francis Bacon,...
Ending on Sunday, the Sundance Film Festival is underway and if you're not one of the lucky ones to be in attendance, the best you can hope for is some news of all the great films and celebrity attendees. With so many films getting some great early...
For a man who started his art career selling posters on the sidewalk, Larry Gagosian has come a long way. He has made the best of the international economy, by pushing both production and prices up for young artists. According to Eric Konigsberg of Vulture.com, what formerly put dealers and artists at risk of flooding the market, has become common practice in today’s globalized art market. Gagosian’s model for the market is necessary in order “to feed the collecting beast.” It is not just living artists’ works that Gagosian has learned to bank off. In essence, he was the inventor of the posthumous market for mid-and late-career Warhol paintings. He created the market by giving the somewhat overlooked paintings a show that defined them as a unique and imperative body of the pop-artist’s work.
Gagosian’s approach to art dealing is similar to that of wallstreet’s hedge-fund investing practices. He creates security by controlling and investing in the value of his pieces by ensuring the worth of any particular artist’s life-works at auctions and galleries. The somewhat cutthroat nature that the dealer exhibits has gotten him into a few legal battles, including one with Ronald Perelman, allegedly a formerly close friend. Perelman claimed that Gagosian attached “secret contract provisions” to a Koons sculpture he sold him, which made it difficult to resell. However you feel about Gagosian tactics, it is important to remember that without him and other market sharks invigorating the market, even the world’s most talented artists could end up starving.
Today marks the end of the first Festival Colbert in Istanbul during which twenty-six companies of the prestigious Comité Colbert of France presented their own take on modernity to the public.
Through a cluster of showcase events at the selected...
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