Michael Schultheis, Wings of Apollonius, 2009, acrylic on canvas, 108 x 144 inches is discussed in relation to Kemper Development Company's corporate art collection. Andi Meucci, landscape designer, applied art and landscape to Kemper’s Eastside development, including Full Circle carved from a felled cedar and Ghost Trailer landscaping piece; the piece Wings of Apollonius was installed at the Bellevue Hyatt and inspired by Ellsworth Kelly’s Curve XXIV.
Christie’s expects a Nicolas Poussin painting titled Ordination to fetch 15-20 million pounds ($23-31 million) at auction in London on December 7. The article notes previous high prices for old master works, including a Raphael drawing and a Rembrandt painting, and mentions Cassiano dal Pozzo as the 17th-century patron related to the Seven Sacraments series.
Christie’s expects the Poussin painting titled Ordination to fetch 15-20 million pounds ($23-31 million) at a London sale on December 7. The article notes prior high prices in old master sales, including a Raphael drawing that sold for $47.9 million and a Rembrandt for around $33 million. The painting from the Seven Sacraments series was created in the 1630s for Cassiano dal Pozzo; one other Sacrament, Penance, was destroyed and Baptism is in the National Gallery of Art.
Nicolas Poussin Ordination is valued at 15-20 million pounds (23-31 million dollars) and will be offered at Christie's in London. The work is part of a cycle of The Seven Sacraments and is connected to a historical pair of related works, with others currently in the National Gallery of Art in Washington and in the National Gallery in London; the Duke Ratlendsky intends to sell to fund restoration of his castle Belvua.
Lichtenstein’s Modern Painting with Yellow Interweave and Torres García’s Figures dans une structure were handed over to Brazil, part of a larger case involving assets smuggled to the US by Edemar Cid Ferreira. The transfer was carried out after US authorities moved the paintings out of New York.
Henri Matisse’s large-scale ceramic La Gerbe (The Sheaf) from 1953 was added to LACMA, a gift promised by Frances L. Brody and donated in her will. The piece was created for the Brodys in the early 1950s and was installed in their home before being moved to LACMA.
The Christie’s auction in London will sell the Lehman Brothers 10-foot sign from its European headquarters along with paintings, furniture and office items to pay creditors. The sale, previewed by Christie’s, is expected to raise about 2 million pounds and includes works by Gary Hume, Robert Rauschenberg and Lucian Freud among 300 lots.
The Lehman Brothers art collection sold for $12.3 million at auction, with Julie Mehretu’s untitled 2001 work selling for $1,022,500 to set a record for the artist. Other top prices came from works by Gerhard Richter, Liu Ye, Mark Grotjahn and Neo Rauch; Damien Hirst’s piece did not sell. Sotheby’s reported 83% of 142 lots sold as international bidding and online bidders participated.
Julie Mehretu's Untitled 1 sold for over $1 million at the Lehman Brothers art auction in New York, topping the sale. The piece by Mehretu was the top seller among exclusive lots, while Damien Hirst's We've Got Style did not sell within its estimated range. Christie’s and additional Lehman Brothers sales were noted to occur later in the season.
Dóra Maurer, Julie Mehretu, John Baldessari, Glenn Ligon and Gerhard Richter are among the artists mentioned in the Lehman Brothers auction at Sotheby’s, where 142 works were sold. Mehretu’s 2001 abstract sold for $1 million to an unnamed collector; Damien Hirst’s We’ve Got Style (The Vessel Collection – Blue/Green) (1993) failed to sell with an estimated price range of $800,000 to $1.2 million.
The Lehman Brothers art auction at Sotheby’s in New York raised $12 million in total bids. John Currin’s Shakespeare Actress sold for $362,500, and Julie Mehretu’s Untitled 1 brought $1 million, topping its high estimate; other notable results included Mark Grotjahn and Liu Ye works. The sale supports Lehman’s creditors as more Lehman art was to be sold by Christie’s and Freeman’s.