Art, Style & Culture: Paris Between the Wars


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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.



Filed under: Art, Real Estate Developments
Celebrity photographer Annie Leibovitz may lose her two high profile properties if Art Capital Group wins its $24 million lawsuit. They are side-by-side in Greenwich Village and date back to the 1830s. Leibovitz's plan was to combine 755 Greenwich Street and 757 Greenwich Street into a single 9,000 sqft life/work space. These plans, of course, are in jeopardy, and the former owner of the Greenwich Street homes, Jay Furman, partner in FYH Village LLC, is calling the sale a "big mistake."The renovations have taken years, resulting in legal action from the Greenwich Village Society for Historic Preservation and a $15 million lawsuit against Leibovitz by her next-door neighbor. The suit was settled in 2003, when the photographer bought the litigant's building for $1.87 million. So, she wound up paying for three properties (12,000 sq. ft. in all), which contributed to a tenuous financial situation and the loan from Art Capital Group, according to Bloomberg News.
These transactions were only part of a mountain of debt amassed by the photographer. From 1999 to 2008, Leibovitz borrowed extensively to purchase property and refinance the debt she was carrying. In total, her activity stretched to more than a dozen loans, Bloomberg News reports, all on the back of her real estate holdings. Two 2006 loans – for $4.7 million in November and $2.5 million in December – were extended by Rhinebeck Properties LLC, which happens to have the same address as Conde Nast Publications Inc.

Marilyn Monroe always makes the Forbes list of top-earning dead celebrities and her famous face is set to earn more money this week. Arnet Online Auctions is featuring a special sale of 60 Marilyn Monroe photographs by 15 renowned artists including Bert Stern, George Barris and Alfred Eisenstaedt. The sale lasts until February 24 and includes nine limited edition Bert Stern prints from the famous "The Lost Sitting." The top lot however is Eisenstaedt's simple Marilyn Monroe in Black Sweater which is estimated at $20,000 to $30,000.
