Sunday, November 19, 2006

Phillips

Mike Kelley Deodorized Central Mass with Satellites $2,074,000 Phillips, de Pury & Co. - great piece!...but this isn't something that you buy and can hang in your living room....although? hahaha...looks like it will go into storage or travel around or be donated to a museum.
Todd Levin, the curator of the Sender Collection was mentioned again in an Artnet article relating to the recent Phillips contemporary art auction. Levin had commented in this blog about a month ago on art consulting and mentioned he was from detroit.
"Both the Kelley and the Prince were reported to be among perhaps 10-20 lots being sold by hedge-fund manager Adam Sender, who has become a major player in the contemporary market while amassing a collection of some 800 artworks. Sender is the first hedge-fund collector to test the market with a substantial sell-off, though his curator Todd Levin has told reporters that the deaccessions are just part of a normal fine-tuning of his holdings. The 37-year-old Sender keeps a modest website for his art at www.sendercollection.com" (artnet)

5 Comments:

Blogger Me said...

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10:35 PM  
Blogger Todd said...

Hey Ann:

Just for complete clarity, artnet printed an error - the Kelley sold for $2,740,000, not $2,074,000. But hey - what's $650,000 (give or take) among friends?

8:54 AM  
Anonymous Anonymous said...

This comment has been removed by a blog administrator.

2:55 PM  
Anonymous Anonymous said...

wow.

there are so many sarcastic things I could say.

4:31 PM  
Anonymous m. said...

http://www.msnbc.msn.com/id/15532404/

NEW YORK - It may well be the world’s most expensive painting — ever.

But nobody’s talking about it, except in whispers — especially not the office of entertainment mogul David Geffen, who reportedly sold the Jackson Pollock work for about $140 million.

Geffen’s business manager in Los Angeles, Richard Sherman, would not accept a telephone call when contacted Thursday by The Associated Press.
“No. 5, 1948” — as the work is called — has been owned by some of the world’s richest men over the years, including S. I. Newhouse Jr., the New York publishing magnate, who had sold it to Geffen.

The $140 million price would be the highest ever for a painting, topping the $135 million cosmetics heir Ronald S. Lauder paid in June for a Gustav Klimt painting titled “Adele Bloch-Bauer I.”

The Pollock is part of a series the New York expressionist created in the 1940s in his trademark “drip” style. A rich, brownish-yellow mess, the 4-foot-by-8-foot work was painted on fiberboard.

Tobias Meyer, worldwide head of contemporary art for Sotheby’s auction house, is said to have brokered the deal, according to The New York Times, which cited unnamed art experts familiar with the sale. The buyer reportedly is David Martinez, the Mexican financier who recently bought an apartment in Manhattan’s new Time Warner Center for $54.7 million. He’s also not talking.

Officials at Sotheby’s would not confirm the sale, saying they do not comment on private transactions.

Last month, Geffen sold a Jasper Johns painting and another by Willem de Kooning, both for more than $143 million.

11:57 AM  

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