The 500-piece sale will include all of the contents of the farmhouse with proceeds of some sales benefiting select charities including: The Miami City Ballet, The New York City Center for Dance, Save the Children, St. Jude Children's Research Hospital and a trio of Miami Art Museums. Mr. Cramer and Mr. Bush have moved to Florida where they are at work on their latest home (number 19!).
The auction features a collection of furniture selected for the couple by celebrated style icons: David Anthony Easton, Michael Taylor, Mica Ertegun & Chessy Rayner of MAC II and Nicky Haslam, all of whom designed residences for Mr. Cramer in California, Connecticut, Martha's Vineyard and the Caribbean and have been featured in a number of publications including Architectural Digest, Vogue, Vanity Fair, W Magazine, Elle Décor and House & Garden. The sale is a collector's dream with offerings including Staffordshire China; King Charles Spaniels in porcelain, paint or bronze; Mercury glass; Georgian and Victorian English Furniture; American, French, Italian, and Chinese furniture; Oriental rugs; Tribal artifacts and antique garden appointments including Regency benches, limestone finials, and a pair of life-size 18th Century carved limestone lions.
An important Andy Warhol portrait of Liz Taylor painted in 1963 is expected to fetch up to $11 million at Christie's' landmark Post-War & Contemporary Art sale in London on June 30. The iconic Silver Liz (above), painted for Warhol's now famous show at the Ferus Gallery in Los Angeles in October 1963, could easily go for much more considering last month's world record sale of a Warhol self portrait and the eye-popping results of the Michael Crichton collection. Also on offer in the stunning sale: Jeff Koons' 1999 oil on canvas Loopy, estimated at about $3.5 million - $5 million; Jean-Michel Basquiat's Untitled, painted in in 1982, estimated at about $2.5 million - $3.5 million; Roy Lichtenstein's Woman Reading, painted in 1980, estimated at about $3 million - $4.5 million; Cy Twombly's Untitled (Gaeta), painted in 2004, estimated at $3 million - $4 million; and Gerhard Richter's Abstraktes Bild, painted in 1986, estimated at $2.2 million - $3.5 million.
Richard Prince's Millionaire Nurse (detail above) painted in 2002 is one of the starring lots in Sotheby's' Contemporary Art Evening Auction in London on June 28. The consummate example of Prince's nurse paintings, estimated at about $3 million – $4.5 million, it represents a bit of a discount from the artist and Louis Vuitton collaborator's pre-recession heyday and the result will be closely watched by contemporary art experts. Also in the stunning sale: two major works by Andy Warhol – Camouflage Self-Portrait from 1986, similar in style to the one that recently set a world record, and Three Jackies from 1964 – both estimated at about $2 million – $3.5 million; Jean-Michel Basquiat's Untitled from 1982, estimated at $800,000 – $1.2 million; and Yves Klein's RE 49, estimated at $6.5 million – $9.5 million.
Andy Warhol and his arty, edgy world rises like a phoenix in a comprehensive exhibit of vintage photographs which opened on Saturday, June 5, at the Eric Firestone Gallery, 4 Newtown Lane in East Hampton, New York. Entitled "Warhol: Dylan to Duchamp," the gallery's inaugural exhibit features images that stretch from Warhol's Silver Factory days, to the set of his film "Lonesome Cowboys," to the VIP lounge at Studio 54.
By the front window of the gallery, two monitors display screen tests filmed by Warhol, one starring a youthful Bob Dylan and the other, an ancient Marcel Duchamp. In an endless tight headshot, Duchamp wears a checkered shirt, and his white hair is pushed back. The father of Dada sips from a glass, and his eyes dart to the side uncomfortably as the unceasing lens takes in every wrinkle.
[via Art Fix Daily]
Filed under: Events
In bucolic Greenwich, Connecticut, attractive women, meticulously restored estates, and top wines miraculously improve with age.
Japanese-born beauty Sachiko Goodman, the legendary real estate agent, and her husband, Lawrence, a retired businessman and philanthropist, opened Hickory Hill, their storied estate in the Belle Haven section of Greenwich, Connecticut, for the Annual Bruce Museum Patron Party on Thursday, May 20. The event toasted the Renaissance ball benefiting the Bruce Museum, which takes place on June 5 this year and is generally considered a centerpiece of the Greenwich social swim.
On a pillared terrace, an exacting chef assisted by a woman in traditional Japanese dress fills boats with fresh sushi. Past the kitchen and down a thin, modernist corridor, in an open white space, hang multiple Warhol images of Sachiko Goodman. "They were my birthday present when I was 30 years old," says Mrs. Goodman, wearing a white Givenchy safari dress and appearing equally as fresh as in the renderings on the wall. "But I was never pleased with the way my face looked, so I never really wanted to display them until just recently."
Goodman describes her dear, now late friend, Andy Warhol, who would become so very famous. "I just loved him as a person," she says. "He was a very shy guy, a little weird but very nice. He was very good to my daughter. Every time he visited me, in this house or my previous home in Greenwich, he always brought sweet gifts."
And did Warhol take Polaroid images of her to create the portraits? "I have hundreds of them," answers Goodman. "I keep them in an album. Now that I'm older, possibly more mature, I appreciate that I'm very, very lucky to have these things."
Following an incredible number of record-breaking sales of some of the world's most expensive items, from cars to art to watches, diamonds and estates, that have taken place just in the past two weeks, we are hereby making an official declaration: The Rich Are Back. While the economic recovery has been slow to materialize in some quarters, those with the money to make multimillion-dollar purchases are suddenly not shy about dropping the coin. The megabucks deals mean an optimistic outlook has finally taken a firm hold, and the wealthy no longer feel the need to pinch their pennies in the fear that more hard times could be lurking right around the corner. We say it's about time too.
In one hectic twelve-day period, from May 3 to May 14, we saw the record-breaking sales of a $106 million Picasso painting; a $50 million mansion in Bel-Air; a $46 million ranch in Colorado; a $40 million Bugatti; a $32 million Warhol self-portrait; a $26 million Jasper Johns painting; an $18 million Ferrari; an $8 million blue diamond; and a $5 million Patek Philippe chronograph – about $330 million worth of the world's most expensive possessions. The astonishing sales have given an immediate boost to the art, classic cars, real estate and collector's timepieces markets, many of which faltered in the wake of the economic downturn, losing billions of dollars in value. Here's a rundown of the nine history-making deals as they unfolded over the twelve-day whirlwind of wealth disbursement; see the gallery for images:
Gallery: The Return of the Rich
Andy Warhol has never looked better---to an audience of contemporary art collectors and dealers, that is. Last night, Sotheby's sold an Andy Warhol painting titled Self-Portrait sold to an anonymous phone bidder for $32.6 million (including the buyer's premium), setting a new record for a Warhol self portrait at auction.
At least six bidders competed for Self Portrait, an acrylic and silkscreen ink on canvas painting that was painted in 1986. The large iconic and rare painting, which measures 108" by 108", is from Warhol's final series of Self Portraits - widely acknowledged as the most important of his career. The estimate was $10 million to $15 million.
"This Warhol was my favorite work in the sale," says Tobias Meyer, Worldwide Head of Contemporary Art and the evening's auctioneer. "It will be seen as a very smart buy in the future."
Following the record-breaking $106 million Picasso sale we reported on last week, another world record has been set with the sale of late author Michael Crichton's seminal Jasper Johns Flag painting last night for $28.6 million. Both works were sold by Christie's in New York, fulfilling our prediction in The Classicist last month that the auction house's May art sales would bring in "megabucks". The 1966 flag painting, which had been estimated at up to $15 million, was sold to to New York art adviser Michael Altman before a crowd of VIPs and art collectors including hedge-fund manager Steve Cohen, Hollywood mogul Michael Ovitz, billionaire Eli Broad, author Salman Rushdie and designer Marc Jacobs. The sale's other big cash cow was Andy Warhol, whose 1965 Elizabeth Taylor diptych, "Silver Liz," sold for $18.3 million to New York art dealer Dominique Levy. The Crichton estate's 31 pieces alone sold for $93.3 million, against a $69.6 million high estimate. The sale broke at least five world records for artists including Johns, as predicted by Luxist's Tom Johansmeyer.
All in all Christie's auctioned $232 million of post-war and contemporary art on Tuesday, with around 74% of the offerings going to American buyers. "Within five minutes of opening the rooms for the stunning pre-sale exhibition of the Crichton Collection, we were packed," said Brett Gorvy, International Co-Head of Post-War and Contemporary Art at Christie's. "There was a sense of anticipation. The sale [Tuesday] reaffirms the continued confidence in the art market." Amy Cappellazzo, Christie's International Co-Head of Post-War and Contemporary Art, notes that "This is the most significant Post-War & Contemporary Art collection ever sold at auction. It was a quintessential American sale. We were delighted with the results across the board and also to see the works by Warhol sell well. Warhol is a bellwether for the market. It sends a strong signal across the board."
Gallery: Megabucks May 2010 Art Auctions
To celebrate the recent opening of the Magritte Museum in Brussels, Abrams / Fonds Mercator has come out with a new edition of Magritte, the masterful monograph on the Surrealist genius by the late David Sylvester, the world's foremost expert on Rene Magritte's work. Brought up to date by the Magritte Museum's director, Michel Draguet, the classic work which has been out of print for over a decade features 40 chapters of critical insights and clues to Magritte's poetic painted puzzles, and over 500 lavish full-color illustrations. Magritte's influence has been felt by many artists since the 1960s including Andy Warhol, Jasper Johns and Ed Ruscha. The Magritte Museum, housed in a neo-classical building in Brussels' Place Royale, displays over 200 original Magritte paintings, drawings and sculptures. Another museum is located at rue Esseghem 135 in Brussels in Magritte's former home, where he lived with his wife from 1930 to 1954.
May is shaping up to be a megabucks month for the art market with some of the world's most notable collections of modern and contemporary master works crossing the block. Topping the list is a rarely-seen Picasso that's expected to fetch up to $90 million at Christie's landmark Evening Sale of Impressionist and Modern Art on May 4th in New York. The painting, Nude, Green Leaves, and Bust (above) dated 1932, is from the Collection of Mrs. Sidney F. Brody of real estate fame. The Brody collection boasts a wealth of master works by the "towering figures of the Modernist movement", including Picasso, Henri Matisse, Alberto Giacometti, Georges Braque, Edouard Vuillard, Marino Marini, and Henry Moore. The total value of the works to be offered is expected to exceed $150 million, making it one of the most valuable single-owner collections ever offered at auction.
Other standouts from the sale include Matisse's Nu au coussin bleu, 1924, estimated at $20–30 million, and Giacometti's Grande tête mince, 1954, estimated at $25–35 million. The Brodys acquired the Picasso direct from the artist's dealers in the 1950s and made it the focal point of their expanding collection at their mansion in Holmby Hills. The painting has only been exhibited once in the United States, when the Brodys loaned it to the 1961 exhibition Bonne Fête Monsieur Picasso, a retrospective staged in honor of Picasso's 80th birthday that was sponsored by the UCLA Art Council. The upcoming sale preview on April 30 marks the first time in 50 years the work will be publicly displayed.
Gallery: Megabucks May 2010 Art Auctions
The May art sales are coming, and I, for one, can't wait to see what happens. The art market took an exciting turn at the end of 2009. Prices appeared to be on the mend, though nobody was willing to believe it fully – not after the tumult experienced for the year and a half before it. Tentative steps gave way to optimism at the beginning of this year, leading many to accept that the art market is coming back. Collectors opened their wallets. Auction houses put better works on the block. Everything looked good.
Unfortunately, there hasn't been much action in the major categories since February. This is strictly a function of the auction seasons. Sure, we've had the Armory Show in New York and Phillips de Pury's anemic sex-themed auction, but this doesn't scratch the big-money art market itch. At the beginning of March, Sotheby's moved Andy Warhol's "Self Defense" for $420,000, well ahead of the presale estimate of $250,000 to $300,000. Christie's pushed "Two Jackies" for $446,500, more than 10 times more than the low-end presale estimate of $40,000. Yet, without piercing the million dollar mark, it's hard to capture anyone's imagination.
So, we've had to wait – and will have to continue to do so until May. In the meantime, anticipation has been mounting. What's coming up next?
1. Pablo Picasso
Pablo Picasso is back on top, after giving up the #1 position in 2008. And, it took only $121 million in auction sales to get him there. From 1998 to 2008, total sales for Picasso gained 96 percent, before falling by 54 percent last year, with pricing off 15 percent. The number of sales pushing past the $1 million mark declined precipitously, from 39 in 2008 to only 15 last year, and his top sale was for "Mousquetaire a la pipe," which moved for $13 million on May 6, 2009, at Christie's. This year could be a bit tough for Picasso collectors, as Artprice believes certain paintings were still overpriced.