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☆ A Ferrari Sold at Auction for $52 Million
  + stars: | 2023-11-14 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
A 1962 Ferrari 250 GTO just sold for $52 million, the second highest price a car has ever been auctioned for. Photo: Sotheby’sA cherry red, 1962 Ferrari 250 GTO known for its rarity and winning race history has become the second-most expensive vehicle ever sold at auction. RM Sotheby’s sold the car for $52 million on Monday, below its $60 million asking price, as the market for collectible cars falters slightly along with other collecting categories. The top-selling car is a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, a prototype that was auctioned for $142 million last year and one of two ever manufactured.
Persons: Sotheby’s Organizations: Benz
☆ A Ferrari Sold At Auction for $52 Million
  + stars: | 2023-11-14 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
A 1962 Ferrari 250 GTO just sold for $52 million, the second highest price a car has ever been auctioned for. Photo: Sotheby’sA cherry red, 1962 Ferrari 250 GTO known for its rarity and winning race history has become the second-most expensive vehicle ever sold at auction. RM Sotheby’s sold the car for $52 million on Monday, below its $60 million asking price, as the market for collectible cars falters slightly along with other collecting categories. The top-selling car is a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, a prototype that was auctioned for $142 million last year and one of two ever manufactured.
Persons: Sotheby’s Organizations: Benz
☆ Museum Sells Restituted Cézanne for $39 Million
  + stars: | 2023-11-09 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
Paul Cézanne’s ‘Fruits and Jar of Ginger’ was won by an anonymous telephone bidder. Photo: Christie’s ImagesA Paul Cézanne still life sold for $39 million on Thursday as part of a fundraising effort by a beleaguered Swiss museum. The 1890-93 scene, “Fruits and Jar of Ginger,” was sold by Museum Langmatt in the Swiss community of Baden as part of a broader campaign to renovate its 1900-01 art nouveau villa and establish an endowment. Before the auction could happen, the museum reached a restitution settlement with the heirs of a Jewish collector who previously sold the Cézanne under duress.
Persons: Paul Cézanne’s, Ginger ’, Paul Cézanne, ” Organizations: Langmatt Locations: Swiss, Baden
☆ The All-American Perspective of Ed Ruscha, L.A.’s Coolest Artist
  + stars: | 2023-10-23 | by ( Kelly Crow | Photography Mario Sorrenti For Wsj. Magazine | ) www.wsj.com   time to read: 1 min
ED RUSCHA collects antique bricks. In a corner of the 85-year-old artist’s airy, sprawling Los Angeles studio, Ruscha has arrayed his floor with red-clay blocks stamped with words and phrases that offer clues to their origins or intentions. A few marked PAWHUSKA and MUSKOGEE hail from towns in Oklahoma, the state where Ruscha spent his childhood. DON’T SPIT ON SIDEWALK dates from a Kansas public health campaign during the 1918 pandemic that warned people against spitting on public walkways for fear of spreading Spanish flu. Ruscha’s blue eyes crinkle as he grins and points to a brick stamped PRAY.
Persons: Ruscha Locations: Los Angeles, MUSKOGEE, Oklahoma, Kansas
☆ Are Chinese Buyers Bowing Out of the Art Market?
  + stars: | 2023-10-06 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/arts-culture/fine-art/china-art-market-liu-yiqian-wang-wei-7f42d03c
Persons: Dow Jones
☆ The Art World Loves to Hate Him. He’s Building an Empire Anyway.
  + stars: | 2023-09-28 | by ( Kelly Crow | Photography Jack Bool For Wsj. Magazine | ) www.wsj.com   time to read: 1 min
Art dealer Stefan Simchowitz has long been treated as persona non grata by the art world’s most important galleries and tastemakers. But you wouldn’t know it while wandering around the 11,000-square-foot Los Angeles warehouses where he stores his collection, one of the biggest private troves in the world.
Persons: Stefan Simchowitz Locations: Angeles
☆ Freddie Mercury Estate Sale Sets $2.2 Million Piano Record
  + stars: | 2023-09-07 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/style/freddie-mercury-estate-sale-sets-2-2-million-piano-record-b297c79c
Persons: Dow Jones
☆ Gustav Klimt’s Mysterious and Last Portrait Breaks Record With $108.4 Million Sale
  + stars: | 2023-06-28 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/gustav-klimt-lady-fan-sale-9187e6ec
Persons: Dow Jones, gustav, klimt
☆ Gustav Klimt’s Mysterious Nude Portrait Breaks Record with $108.4 Million Sale
  + stars: | 2023-06-27 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/gustav-klimt-lady-fan-sale-9187e6ec
Persons: Dow Jones, gustav, klimt
☆ Hawthorne’s Marked-Up Proofs for the ‘Scarlet Letter’ Could Fetch $600,000
  + stars: | 2023-06-14 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/hawthorne-rare-book-auction-christies-bear-stearns-bruce-lisman-6049ceb
Persons: Dow Jones Organizations: bruce Locations: hawthorne
☆ Collectors Bristle at Nude Bathers, Expletives, but Bid Up Portrait of Artist Stanley Whitney
  + stars: | 2023-05-17 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/collectors-bristle-at-nude-bathers-expletives-but-bid-up-portrait-of-artist-stanley-whitney-2497d3f9
☆ Collectors Bristle at Nude Bathers, Expletives, But Bid Up Portrait of Artist Stanley Whitney
  + stars: | 2023-05-17 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/collectors-bristle-at-nude-bathers-expletives-but-bid-up-portrait-of-artist-stanley-whitney-2497d3f9
☆ In Battle of Basquiats, Valentino Gets $67 Million for Masterpiece ‘The Nile’
  + stars: | 2023-05-15 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
Fashion designer Valentino Garavani posed in his Fifth Avenue apartment in 2010 with the ‘Nile’ painting in the background. Photo: Jonathan Becker/Art: Estate of Jean-Michel Basquiat. Licensed by Artestar, New York/ Richard PrinceFashion designer Valentino Garavani sold a nearly 12-foot-wide Jean-Michel Basquiat painting that interrogates the history of slavery for $67 million at Christie’s on Monday. Mr. Garavani paid $5.2 million for 1983’s “El Gran Espectaculo (The Nile)” in 2005, but the triptych came up for bid with a $45 million estimate, according to auction database Artnet . This time around, two dogged bidders chased it higher, with an anonymous telephone bidder winning it.
☆ The British Museum Holds the Line on Its Imperial Loot
  + stars: | 2023-03-24 | by ( Max Colchester | Elissa Miolene | Kelly Crow | ) www.wsj.com   time to read: 1 min
LONDON—In a small windowless room in the basement of the British Museum sit some of the holiest relics of the Ethiopian Orthodox church: 11 small wooden plaques called Tabots that are considered by Ethiopian Christians to contain God’s presence. Each is meant to represent the biblical Ark of the Covenant. So holy are the pieces that they cannot be publicly displayed—Ethiopian Orthodox believers say only priests should look at them—and not even the director of the British Museum can view them. Covered in pieces of cloth, the 14-inch tablets with carved inscriptions have hardly been seen since they were looted from an Ethiopian fort in 1868 by invading British forces.
☆ What Is the British Museum Without Imperial Loot?
  + stars: | 2023-03-24 | by ( Max Colchester | Elissa Miolene | Kelly Crow | ) www.wsj.com   time to read: 1 min
LONDON—In a small windowless room in the basement of the British Museum sit some of the holiest relics of the Ethiopian Orthodox church: 11 small wooden plaques called Tabots that are considered by Ethiopian Christians to contain God’s presence. Each is meant to represent the biblical Ark of the Covenant. So holy are the pieces that they cannot be publicly displayed—Ethiopian Orthodox believers say only priests should look at them—and not even the director of the British Museum can view them. Covered in pieces of cloth, the 14-inch tablets with carved inscriptions have hardly been seen since they were looted from an Ethiopian fort in 1868 by invading British forces.
☆ The Friendship Behind a $5 Million Barkley L. Hendricks Painting
  + stars: | 2023-03-16 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
Art history doesn’t know much about the unlikely friendship between Stanley Whitney and Barkley L. Hendricks. The artists were born a year apart in 1940s Philadelphia and met as art students at Yale University in the 1970s. They were both overlooked by the art market for decades but are now enjoying a revival—first Mr. Hendricks for his stylish portraits of Black people that have sold at auction for as much as $4 million apiece, and more recently Mr. Whitney for his colorful, gridded abstracts that made a splash during the last Venice Biennale.
☆ The Mumbai Collector Building the City a Blue-Chip Art Space
  + stars: | 2023-03-04 | by ( Kelly Crow | Photography Tenzing Dakpa For Wsj. Magazine | ) www.wsj.com   time to read: 1 min
Isha Ambani Piramal at home, with a work by Subodh Gupta. “We want museums to send their works to us and breathe easy,” she says. Isha Ambani Piramal recently spent hours trying to borrow a car-size sculpture of a whale’s heart. She hoped to include the bindi-covered piece by Bharti Kher, An Absence of Assignable Cause, in the inaugural exhibit of her family’s new kunsthalle-style space in Mumbai, Art House. “It’s still so complex to get some pieces around India,” she says, “but I’m hopeful we can get it.” (She did.)
☆ Restituted Kandinsky Sells for $45 Million, Setting Record
  + stars: | 2023-03-01 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
The painting was recently restituted to the heirs of a German-Jewish family who sold their art collection under Nazi persecution. Sotheby’s London sold a brightly colored Wassily Kandinsky, “Murnau with Church II,” for $45 million on Wednesday, resetting the artist’s auction record and bolstering collector confidence in blue-chip art values. The 1910 landscape was recently restituted to the 13 heirs of a German-Jewish businessman persecuted by the Nazis, Siegbert Stern, and his art-collecting wife, Johanna Margarete Stern-Lippmann. Mr. Stern died in Berlin in 1935, and Ms. Stern-Lippmann was later forced to sell their art-filled villa before being killed at Auschwitz in 1944.
☆ Is This a Real Raphael Painting? AI Says Yes, But Humans Aren’t So Sure.
  + stars: | 2023-02-28 | by ( Kelly Crow | Photographs Evan Jenkins For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
Anything Raphael created would be worth a fortune. The last work to be auctioned, a sketch titled “Head of a Muse,” sold for $48 million at Christie’s in 2009. But art historians have disagreed about whether the find is a real Raphael.
☆ Is the Art Market Ready to Declare a New Frida Kahlo?
  + stars: | 2023-02-26 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
Surrealism got its start as a boys’ club in 1920s Paris, but lately the art world has started paying more attention to several surrealist women based in Mexico. Global sensation Frida Kahlo continues to lead this pack, with an auction record of $34.8 million reset two years ago and museums selling merchandise festooned with her signature unibrow, from tote bags to dolls. Collectors have also started scouting for alternatives in part because Kahlo only created around 150 pieces, and Mexico can now also claim anything by her that comes up for sale within its borders as cultural patrimony.
☆ Publishing Magnate Si Newhouse’s Art Trove Could Sell for Near $150 Million
  + stars: | 2023-02-21 | by ( Kelly Crow | ) www.wsj.com   time to read: +1 min
The estate of publishing magnate Samuel Irving Newhouse Jr. took note last fall when collectors clamored after Microsoft co-founder Paul Allen’s $1.6 billion record-setting estate sale. Heartened by the art market’s resilience, the publisher’s family said Tuesday it plans to follow suit—auctioning off more of Mr. Newhouse’s own trove this spring. The move marks the third time the Newhouse estate has plied his pieces into sales since he died six years ago at age 89—a trickling strategy that contrasts with the theatrical, everything-must-go atmosphere conjured when Mr. Allen or the Rockefellers before him sold off vast art holdings all at once. The 16 latest works consigned to Christie’s for its coming New York sales in May represent a fraction of the art amassed over the decades by Condé Nast’s chairman emeritus, but the batch is estimated to top $144 million and will showcase his taste for a broad sweep of artists, including Pablo Picasso, Francis Bacon, Jasper Johns and Lee Bontecou.
☆ Is This Painting a Raphael or Not? A Fortune Rides on the Answer
  + stars: | 2023-02-17 | by ( Kelly Crow | Photographs Evan Jenkins For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
Anthony Ayers had a hunch that he’d found a masterpiece. While vacationing in the English countryside in 1995, Mr. Ayers spotted a dusty, wood-panel painting tucked behind an armoire in an antique shop. It depicts Mary holding an infant Jesus in her lap as her older cousin Elizabeth and a toddler John the Baptist look on lovingly; the backdrop features an oak tree with a goldfinch, an ancient symbol foreshadowing the Crucifixion. The shopkeeper suggested that the painting could be from the Renaissance.
☆ A Rising-Star Gallerist Opens in Art-World Hot Spot Mexico City
  + stars: | 2023-02-03 | by ( Kelly Crow | Photography Darryl Richardson For Wsj. Magazine | ) www.wsj.com   time to read: 1 min
Mariane Ibrahim at the new Mexico City outpost of her namesake gallery. “I love that we’re in this massive metropolis of a city that’s close to the U.S. yet it has an ancient culture and it’s so refined,” she says. Dealer Mariane Ibrahim, one of the art world’s rising tastemakers, has an uncanny ability to sense where the global art scene will pivot next. Over the past decade, Ibrahim has championed artists primarily from Africa and its diaspora in her eponymous galleries, first in Seattle and now in Chicago and Paris. In each locale, Ibrahim has stoked and leveraged the curiosity of local curators and collectors to propel her artists onto the international art stage—particularly Ghana’s Amoako Boafo, whose finger-painted portraits in bright hues have sold for as much as $3.4 million at auction.
☆ When Oligarchs’ Superyachts Flee Sanctions, Here's How to Find Them
  + stars: | 2023-01-03 | by ( ) www.wsj.com   time to read: 1 min
NFT Artist Beeple on the Future of Digital ArtThe artist Mike Winkelmann, better known as Beeple, is one of the most valuable living artists. But now that demand for non-fungible tokens has cooled and the crypto winter has set in, what does he see as the future of NFTs? Beeple spoke with WSJ art-market reporter Kelly Crow at this year’s WSJ Tech Live event. Zoe Thomas hosts.
☆ Watch: Crowds Mourn Brazil's Pelé Ahead of Soccer Legend's Burial
  + stars: | 2023-01-03 | by ( ) www.wsj.com   time to read: 1 min
NFT Artist Beeple on the Future of Digital ArtThe artist Mike Winkelmann, better known as Beeple, is one of the most valuable living artists. But now that demand for non-fungible tokens has cooled and the crypto winter has set in, what does he see as the future of NFTs? Beeple spoke with WSJ art-market reporter Kelly Crow at this year’s WSJ Tech Live event. Zoe Thomas hosts.
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