Ten artists found a way to make vacant commercial space incredibly exciting. I wandered by 25 Central Park West on a walk in my neighborhood a few days ago and saw artists inside. They were hard at work cleaning, preparing and hanging their pieces. Tapping on the window was one of my smartest moves this week. By doing so, I learned of a new exhibition, which opened Wednesday night. The show, 10 from 25: Emerging Artists using Photography, is set to run through December 13, 2009. It includes flat art and video, bringing to life an empty space in a part of Manhattan generally forgotten by the art community.

The artists, including Bess Greenberg, who gave me a tour of the space as she and the other artists prepared for opening night, have created an integrated show that doesn't sacrifice the message of each of the participants. So, in addition to a group exhibition, visitors are treated to 10 individual efforts, in which one can appreciate a specific style without having to cope with the intrusion of other pieces on his experience.

Chronoswiss watches have been gaining popularity as of late and they have finally cleared up one of my biggest questions. Why are they called "chrono-Swiss" when they are a German company? The official response is here: "Though [Chronoswiss is] a German company, every component of the timepieces is manufactured in Switzerland and then hand-finished and assembled in Germany." Oh... OK. That makes more sense now. I do like the watches too!

Just in time for what everyone hopes will be the big rebound shopping season, Chronoswiss will open a brand new shop in SoHo in New York City. I love that the store front is both inviting and eye catching. It has that charming brick look, with a few little tables inside and a cute little entrance way. There is no large intimidating sign for the brand, just a cool looking banner showing a portion of one of their watch dials. A soft sign with the brand name is in the window. I really hope the inside of the store is as well designed as the outside. The boutique is located in SoHo on West Broadway. Although the store is now open, their official grand opening event will be held on December 2nd from 7-11pm.

Ariel Adams publishes the luxury watch review site aBlogtoRead.com.

The Phillips de Pury auction on Thursday night raked in what once would have come from a single painting. Despite parading out pieces by Andy Warhol, Jeff Koons and Richard Prince, the sale was good for a mere $7 million, with individual lots moving for prices in the hundreds of thousands of dollars. Thirty-nine went under the gavel, and eight didn't sell.

The Chelsea auction house lacks the savvy, knowledge and reach of Sotheby's and Christie's, so it had to lean on British art collector Charles Saatchi, who has agreed to complete most of his transactions through Phillips de Pury. In trade, subsidies from the auction house help keep access to Saatchi's gallery free.

Roughly a dozen of the lots came from Saatchi, while the others are said to have been rejected by Sotheby's and Christie's. In general, the pieces were "pretty skimpy," according to Manhattan art dealer Edward Tyler Nahem, who observes that the auction house "did pretty well with what they had."

Japanese artist Yayoi Kusama was the top seller, with her painting "Infinity Nets (T.W.A.)" busting past its high-end presale estimate of $400,000 and settling at $842,500 (including fees). Kusama's performance follows a well-hyped exhibition at the Gagosian Gallery this year.

Bernie Madoff's last home may have sold strong, but it looks like the momentum is fading. His home in the Hamptons beat the listing price and ultimately moved for more than $9.4 million. Unfortunately for his victims, interest in his Manhattan penthouse and Palm Beach estate isn't as strong. The prices for both have been cut, as the Ponzi schemer moves from news to history. Both homes have been on the market for only two months.

The Manhattan home, on the Upper East Side, offers 4,000 square feet which the broker, Sotheby's International Realty, says is "perched atop a distinguished white-glove prewar cooperative." Originally offered at $9.9 million, the asking price has been slashed by $1 million. So, if you're looking for some new digs in the city, this should be perched atop your list. A 10 percent price drop after only two months in the game means that you could probably work the price down a little bit further. If you were a Madoff investor, think of it as recouping some of what was so wrongly taken from you.

The situation in Palm Beach, Florida isn't much better. The discount is only 7 percent, with the price plunging from $8.49 million to $7.9 million according to the Corcoran Group, which is handling the sale. This home is billed as "a return to classic Florida island living ... when Palm Beach was a less manicured tropical paradise." What does that mean? Does classical Florida island living have anything to do with defrauding the neighbors?

Madoff, now a resident of Butner, North Carolina, believed that the Manhattan apartment was worth only $7 million. He pegged the Palm Beach residence at $11 million.

When both properties move, the proceeds will go to Madoff's victims. Of the $65 million, roughly, that he took, $1.4 billion is said to have been recovered. Even when compared to the investor losses identified, $21.2 billion, it's but a drop in the bucket. The auction scheduled for Saturday may help a little bit, with Bernie's Mets jacket and Ruth's golf clubs going under the gavel.

Christie's tried in New York with a 1983 piece by Jean-Michel Basquiat and didn't succeed. The auction house may have been too aggressive in estimating the 16-foot piece at $9 million. That's what's tough about the art market right now. There are signs of recovery, and it can be tempting to push for higher prices. Unfortunately, it's easy to get a bit excited. The painting had the highest estimate at the auction. The piece with the second highest presale estimate, a piece by Andy Warhol, met a similar fate.

The Basquiat piece, "Brother Sausage," was offered anonymously by a buyer later revealed by Bloomberg News to be Peter Brant, an art collector based in Connecticut. The piece may be a casualty of his divorce from model Stephanie Seymour. Well, it won't be financing post-marital discord and could remain a contested asset for a while.

Warhol's "Tunafish Disaster" was projected to move for up to $8 million and, like the Basquiat painting, didn't receive any bids. Art dealer Robert Mnuchin of L&M Arts was stuck taking it home.

Yet, some works beat the odds in an auction that raked in $74.2 million, within the presale range of $61.5 million to $88 million. Nonetheless, this was the lowest result we've seen from a Christie's New York contemporary art effort since May 2003 and down 81 percent from the top of the market two and a half years ago.

On Nov. 10 Christie's in New York will auction off an epic 15-ft. wide Jean-Michel Basquiat painting as part of its Post-War and Contemporary Art sale. The painting is expected to fetch up to $12 million. Brother Sausage (detail above), painted in 1983 and featured on the cover of Basquiat's catalogue raisonné, is a cartoon strip-like composition of six panels hinged together to form a narrative frieze of multiple drawings and Xeroxed overlays, each laden with themes of racial inequality and prejudice, wealth and corporate greed in a fame and consumer-obsessed American. Christie's notes the work is "steeped in Basquiat's signature style, raw energy and ingenious, loaded layering," exemplifying the artist at the pinnacle of his career. Also included in the auction are Andy Warhol's Tunafish Disaster, painted in 1963 and estimated at $6 - $8 million; and Jeff Koons' Large Vase of Flowers from 1991, estimated at $4 - $6 million.

[via JustLuxe]

On Nov. 14 Christie's will auction fine spirits in New York for only the second time since Prohibition began in 1920, headlined by the first U.S. offering of the extremely rare 1964 Bowmore Trilogy of single malts estimated at up to $24,000. Some $2 million worth of wines and spirits will cross the auction block, including over 40 lots of carefully-curated whisky, bourbon, cognac, armagnac, and rum, plus a fine crop of champagne. The Bowmore Trilogy, comprised of White, Black and Gold Bowmore, was matured below sea level for 42 - 44 years at the famed distillery on Islay in Scotland. Other lots include the Ardbeg Double Barrel, a two-bottle lot sourced from two 1974 whisky barrels in a bespoke leather shotgun case with eight solid silver cups, estimated at $15,000 - $20,000, and a 100 year old armagnac from Baron de Sigognac, est. at $2,000 - $3,000.

[via Duncan Quinn]

The past year has been exciting for fans of La Flor Dominicana. Between El Museo and the Salamones, Litto Gomez has released two of the most noteworthy cigars of 2009. While the rest of the industry has struggled with the effects of the recession, Gomez tells me that La Flor hasn't been hit (and that he is grateful for this fact). He cites the quality of his cigars and loyalty of his customers as reasons, but there's more to the story than that. There are plenty of great cigars on the market, and their smokers bring plenty of zeal to each purchase.

Beyond Litto's assessment, there are two reasons for La Flor's success this year: the new cigars and Litto himself.

This year hasn't been mind-blowing for new cigars. Doubtless, there have been some gems. The Avo Campanero certainly impresed, as Avo's annual limited edition cigar always does. And, Camacho has done a great job with the Room 101 and Connecticut sticks. The norm, however, has been silence, an obvious result in a tough economy. Litto made two bold moves with El Museo and the Salamon, bringing two expensive cigars to smokers at a time when they are less inclined to spend. Clearly, it worked.

An incredible property in the Hudson River Valley has come on the market at an extremely recession-friendly price. New York-based handmade furniture company BDDW is relocating to Philadelphia and putting their bucolic headquarters up for sale. The 147-acre property is located just north of New Paltz in Ulster County, and features two incredible stone barns totaling 30,000-sq.-ft., a 1,500 sq. ft. farmhouse and a creek, all for just $1.9 million. The stone barns were built at the turn of the century by architect Julian Burroughs for Colonel Oliver Hazard Payne, Civil War sharpshooter, democrat, wealthy industrialist and philanthropist, to house his thoroughbreds. They were subsequently used as a school for boys and passed back into private hands before BDDW acquired them.

[via A Continuous Lean]

The big numbers and grand auction centers around the world remain under pressure, but small local art scenes are finding ways to thrive. Like the small cap stocks that lead financial markets out of a recession, maybe it's the emerging artist and local art scene that will deliver us from this slump.

Grand Rapids hosted ArtPrize, a new art show this year, and it was so successful that the organizers are going to do it again in 2010. Businesses in town got a bump, and Grand Rapids was able to boost its cred as an art destination. The 18-day competition commenced on September 23, 2009 and drew tens of thousands of visitors to the Michigan city. Some restaurants ran out of food, because they weren't expecting such a large influx of guests. Doug Small, president of the Grand Rapids/Kent County Convention and Visitors Bureau, told The Associated Press, "Nobody had any clue this would happen."

The competition attracted 1,262 entries, varying in size, shape, style and medium. They were displayed in lobbies, on bridges, in parking lots and in the Grand River -- anywhere in town where they could find a place to exhibit. The winners were chosen by the voting public, using the event's website and text messaging, with 37,264 people participating.

The winner was Ryan Ortner of Brooklyn, New York, with the oil painting "Open Water No. 24, measuring 19 feet wide, taking first place, with Tracy Van Duinen taking second and Eric Daigh coming in third. Ortner lent his painting to the Grand Rapids Art Museum, which is going to display it until January.

Christie's is looking for a thrill on November 10, 2009. The auction house is sending an Andy Warhol portrait of Michael Jackson under the gavel, with a presale estimate of between $500,000 and $700,000. The piece, measuring 30 inches by 26 inches, is one of a small collection of silk-screens the King of Pop Art created of the King of Pop in 1984.

The Jackson piece is being sold by an anonymous collector in New York, according to Brett Gorvy, the deputy chairman of Christie's. The current owner purchased it from the Andy Warhol foundation sometime in the 1990s.

Forty-six lots will be auctioned along with the Jackson portrait, and there will be two other paintings by Warhol.

Back in August, a similar Jackson painting by Warhol was sold. The buyer chose to remain anonymous, and nobody will reveal the price ... except to say that it went for more than $1 million.

If you can survive buying or selling real estate in New York City, you can survive the process anywhere (well, maybe London and Tokyo would be rough). I've bought twice and sold once in NYC, and am pretty sure some of my gray hair arrived during those months. Recently I heard about BidOnTheCity.com, "eBay for Manhattan real estate." Intriguing! You can buy or sell, but unlike most other auction sites, you can only bid at a certain time, in person or online, Sundays at noon. Even brokers can get involved. Here's how it works. Read some press coverage here.

Oceana, an international nonprofit based in Washington, D.C. dedicated to protecting and restoring the world's oceans, celebrated the launch of Oceana New York on Monday night with a star-studded bash at the stunning penthouse of socialite philanthropists Alexander and Brenda Schweickhardt (above, far right). A tableaux vivant of mermaids entertained guests at the event, which was sponsored by Tiffany & Co., including Sam Waterston and Sue Cohn Rockefeller (above, far left), John Varvatos and wife Joyce (above, center) Jeff Goldblum, Gina Gershon, Tommy Hilfiger and wife Dee, New York Jets tackle Damien Woody, New York Gubernatorial candidate Rick Lazio, and socialtes Denise Rich, Bettina Zilkha and Jean Shafiroff. Since its founding in 2001, Oceana has achieved several major victories including protecting more than 640 million acres of ocean habitat.

Wedding guests are often sent to a Tiffany registry but this is the first time I've seen a registry for a Navy ship. The NY Times City Room blog reports that the the U.S.S. New York, which will be commissioned on November 7 has its own Tiffany registry. The U.S. S. New York includes more than seven tons of salvaged steel from the World Trade Center and it has some pretty pricey tastes. On the list are the sterling silver Chippendale tray ( $2,868.75) shown at right, a Queen Anne tea pot and a commemorative Riedel ice bucket as well as a full flatware service.

Why the registry? Naval ships often have "ship's silver" that is brought out for special and diplomatic occasions and usually a ship's silver is donated by a state or a corporation or a large entity. But for this ship, which is so much a part of New York City, the U.S.S. New York commissioning committee wanted to involve the people. Purchasers can engrave the name of a loved one on the silver pieces they buy. The newest U.S.S. New York will inherit some Tiffany pieces from the last U.S.S. New York battleship, which was built in 1911 and retired after World War II and from other previous ships that bore the name. These days state names refer to submarines, but former New York Governor George E. Pataki asked that the U.S.S. New York name be revived in 2002. The motto for the ship is "Strength forged through sacrifice. Never forget."

The registry was set up back in July but only around 20 of the more than 200 pieces have been purchased. The ship is an amphibious assault ship which will carry Marines. It will be based in Norfolk, Virginia. On November 2, the ship will arrive in New York City and it will stop in water near Ground Zero, lower its flag to half mast and fire a 21-gun salute. Some crew members who are from New York requested to be part of the first crew of the ship.

For 30 years Mr Chow (above) on East 57th Street in New York has been one of the city's most enduring hotspots, frequented over the decades by the likes of Andy Warhol, Jean Michel Basquiat, Calvin Klein, Madonna, Robert DeNiro, Tom Cruise, Uma Thurman and many others. To celebrate the anniversary and show their appreciation to its devoted clientele, the restaurant will present a complimentary bottle of Laurent Perrier Rosé champagne to each table from November 4th - December 15th. The 30th anniversary comes on the heels of the opening of Mr Chow's fifth location in Miami at the W South Beach. The New York branch opened in 1979 following the success of Michael Chow's restaurants in London and Beverly Hills.

[via JustLuxe]