Monthly archive
11 headlines
Source-linked reporting
usaartnews.com
Damien Hirst’s The Currency project involved 10,000 NFTs linked to physical artworks created in 2016. The final tally announced by Hirst showed 5,149 physical artworks exchanged for NFTs, indicating a preference for the physical works over the digital tokens. The article notes the NFT sale process, the lottery pricing, and subsequent market decline leading up to the final count.
news.artnet.com
Damien Hirst’s The Currency project involved 10,000 NFTs each tied to physical artworks created in 2016. The final tally announced by Hirst shows 5,149 buyers chose the physical artworks over the NFTs, with 4,851 NFTs traded for the corresponding physical pieces. The NFT sale had generated $47 million in initial sales, but interest waned over the following months amid the broader NFT downturn.
apollo-magazine.com
Acquisitions of the Month: July 2022 covers new entries to public collections including Paolo Veronese and Lo Spagna at the National Gallery, London; Paul Nash works at Pallant House Gallery; and a major Hodgkin collection at the Metropolitan Museum of Art.
sothebys.com
Lo Spagna’s Christ Carrying the Cross was accepted in lieu of Inheritance Tax by HM Government and allocated to the National Gallery in London, a negotiation handled by Sotheby’s; the painting is tied to Pietro Perugino and influenced by Raphael, with the work described in the National Gallery’s press release.
theartnewspaper.com
The Getty Museum will return a group of life-size terracotta figures, known as Orpheus and the Sirens, to Italy after research indicated they were stolen or illegally excavated. The objects, dating to around 350–300 BCE, were among several artefacts repatriated, with transport planned to Rome in September.
usaartnews.com
Roy Lichtenstein is featured in a Phillips special sale in the Hamptons through September 6, offering two works once owned by Gianni Versace, with prices around $4 million to $5 million. The sale also includes additional works by Lichtenstein and is presented at Phillips Southampton, expanding private-market activity for the artist.
news.artnet.com
Jeff Koons received a $1.1 million PPP loan that was fully forgiven. David Zwirner, Hauser & Wirth, Gagosian, and Pace each received loans ($6.9 million, $4.5 million, $3.5 million, and $3.4 million respectively) and all were forgiven in full. The article also notes that Kasmin, Jack Shainman Gallery, and Blum and Poe each received between $350,000 and $1 million with loans forgiven.
usaartnews.com
The collection of the late Microsoft founder Paul Allen, numbering over 150 works, is headed to Christie’s in New York with an estimated total value of about $1 billion. Works include Cezanne’s La Montagne Sainte-Victoire (1888-90) and Jasper Johns’s Small False Start (1960); proceeds will go to philanthropic causes. The sale, titled Visionary: The Paul G. Allen Collection, could set a new standard for single-owner auctions, and follows a record Sotheby’s sale of Linda and Harry Macklowe’s collection.
press.christies.com
David Hockney’s Early Morning, Sainte-Maxime (1969, estimate: £7,000,000-10,000,000) will highlight Christie’s 20th / 21st Century: London Evening Sale on 13 October 2022. The painting, previously seen in London in 1970 and exhibited internationally including Seoul (3-5 September 2022), is described as a sublime view of the South of France and part of Hockney’s body of work between Californian swimming pool paintings and naturalistic double portraits.
news.artnet.com
The article mentions London’s National Portrait Gallery aiming to raise £50 million to acquire Joshua Reynolds’s Portrait of Omai. It also references related pieces: a podcast on Ana Mendieta, Wolfgang Tillmans considering political office, Columbus Museum of Art unionization, and other Artnet News items.
Sotheby’s
Sotheby’s documents the market development behind Sotheby’s First Auction of Modern & Contemporary Art in Singapore Totals SG$24.5m / US$18m. Its account reports that sINGAPORE, 29 August 2022 \- Sotheby’s first auction of Modern & Contemporary Art in Singapore\ brought a robust total of SG$24.5m / US$18m, surpassing pre-sale expectations (estimate in the region of SG$18m / US$13m).