Surrealist, modern and postwar pieces will go under the gavel next week at the Christie's Impressioniste et Moderne auction in Paris. More than 140 lots will be offered on December 1, 2009, with presale estimates ranging from $6 million to $9 million. Among the artists represented in the auction, which consists of the Lefebvre-Foinet collection, are Alberto Giacometti, Max Ernst, Henri Matisse and Zao Wou-Ki. The collection was amassed over five generations, with the latest in the family making the decision to sell.

A portrait of Maurice Lefebvre by Giacometti could fetch between $1 million and $1.5 million, but other lots are more attainable. "Lyrical Explosion C," by Alberto Magnelli, is expected to sell for $210,000 to $270,000, and Sonia Delaunay's "Colored Rhythms No. 615" could go for up to $160,000. Playing on the success of the market for Chinese art, Zao Wou-Ki's "5.11.64" could move for as much as $600,000.

Paris has done pretty well through the art market slump, especially when the auctions deviate at least somewhat from the norm. Though there aren't any guarantees, let's keep an eye on this one. It could be the touch of fresh air we need.

[Photo via Christie's]

"Flesh was the reason oil painting was invented," proclaimed Dutch-born painter Willem de Kooning in 1950. It's no secret the influence women had in his work or in his success. In the early 1950s de Kooning began experimenting with the female form and landscapes, until the two subjects became inseparable. His painting Woman I launched him into overnight stardom when it was exhibited in New York in 1953.

Bonhams New York is presenting a rare work from 1965 that stems out of this period, Woman in a Landscape, in their upcoming Contemporary and Modern Art Sale. The painting builds on his previous work, but also reveals later influences such as contemporary Hollywood stars and Mesopotamian fertility goddesses. While de Kooning's own inner demons are clearly present in this work, it remains one of his gentler, more romantic portraits of the female sex. The fully-executed painting is rare for this period of de Kooning's work, and is thought to be a study for his 1966-67 painting, The Visit, which is housed in the Tate collection.

Woman in a Landscape is estimated at $400,000-$600,000.

The public is invited for a pre-sale viewing and reception of all works in the sale:
Monday Nov 9th 6-8 PM
Bonhams
580 Madison Avenue
New York, NY 10022

Sale takes place November 10th at 12 PM.

For more information visit Bonhams.com/contemporary.

Gap founders Donald and Doris Fisher have finally found a home for their art collection. The pair spent years trying to build their own museum in San Francisco's Presidio but dropped those plans after facing major opposition from residents and city officials. Instead the large collection of contemporary art will have a home at the San Francisco Museum of Modern Art.

It's a huge get for the museum, the collection is a 1,100-piece assortment of works by 185 contemporary artists with many fine pieces from Alexander Calder, Roy Lichtenstein, Chuck Close and Andy Warhol and could be worth nearly $1 billion. Donald Fisher released a written statement that said in part: "San Francisco is where we raised our family and opened our first Gap store, and we want to give back to the city we love by sharing the art that means so much to us."

The museum is already in the planning phase for a major expansion and the Fisher Collection will be on display in a new wing. Works from the collection will be shown with the museum's existing holdings in modern and contemporary art. The works will go into an art trust and the pieces will be on loan to the museum for 25 years. The first peek at the art will come next summer when some of the works are shown as part of the museum's 75th anniversary celebration.

Do you like contemporary art? A new study suggests that's because you've developed an emotional connection to it. If you prefer older pieces, on the other hand, your response is intellectual. The findings, published in Psychology of Aesthetics, Creativity and the Arts, from the University of Rome was based on 137 people who attended to local museums in Rome: the Braschi, which is home to pieces created through the middle of the nineteenth century, and the National Gallery of Modern and Contemporary Art. Essentially, how you feel about a piece is based largely on when it was created.

Both groups – the emotive and intellectual – stated that their reason for going to the museums was "an interest in the artists" and the opportunity to "see the artworks in the original." But, those opting for the National Gallery frequently responded that they enjoyed "the pleasure they feel during their visit," while those going to the Braschi cited a "desire for cultural enrichment."

Is it as simple as "modern art is to be enjoyed and the classics are to be appreciated?" It sure seems that way, as the response by those hitting the Braschi seem to equate it to taking the stairs rather than an elevator – it feels good because it's good for you. That said, there's no doubt that intellectual stimulation feels fantastic, so oversimplifying the reaction as some form of self-betterment is probably a tad unfair, especially since participants in both groups had high scores for "openness to new experience." The modern art lovers, though, did tend to lean toward "sensation-seeking."

The demographic breakdown is pretty interesting, as well. Most of the participants were women, and all generally had similar levels of education. But, those preferring the National Gallery were 10 years younger, on average, than those gravitating toward the classics.

[Photo by Steve Ferdman, Bauzen Studios]

Compared to his diamond-covered skull, Damien Hirst's latest work for sale, a bull in formaldehyde, with a head crowned by a solid-gold disc, and hooves and horns cast in 18-karat gold is practically a deal. The Golden Calf will be auctioned off at Sotheby's in New York in September and is estimated to bring in $16 to $24 million. The calf comes in a gold-plated stainless steel and glass box. The monumental piece is part of Beautiful Inside My Head Forever, a major auction of new works by Hirst, on September 15 and 16. The auction will include formaldehyde sculptures, new paintings, new cabinets and preparatory drawings,