June 21, 2010
Cultural News

The profile of graffiti artist Jean-Michel Basquiat, who died of a drug overdose in 1988 at the age of just 27, has never been higher. The Beyeler Foundation is devoting a large-scale retrospective of more than 100 works to the Brooklyn-born painter, whose output is limited to just eight years, but whose critical acclaim is mirrored by the market interest in his work, with over 30 works on show at Art Basel on six stands.
“Basquiat’s strength was in his ability to merge imagery from the streets, newspapers and TV with the spiritualism of his Haitian heritage, injecting both into an intuitive understanding of the language of painting,” Jeffrey Deitch, the new director of the Museum of Contemporary Art, Los Angeles, says.
Deitch’s opinion is reflected in the wide base of collectors for Basquiat’s work. The list of lenders to the Beyeler show reads like a Who’s Who of contemporary collecting, including the Miami-based Rubells and the Bramans, hedge-funder Steve Cohen, London jeweller Laurence Graff and tennis champion John McEnroe. The Pompidou Centre in Paris and the Zurich-based Daros Foundation have also loaned works. Other collectors include star names from pop music and Hollywood, such as Madonna and Leonardo DiCaprio.
“Major collectors of modern art view [Basquiat’s] work as comparable to that of Picasso and Dubuffet,” explains Beyeler director Sam Keller. “He was prolific, and produced 900 to 1,000 paintings and 2,000 to 3,000 works on paper. This amount is a condition for an active and sustained market.”
At auction, the highest price ever paid for a Basquiat stands at $14.6m for an Untitled work from 1981. It was set at the height of the art market boom at Sotheby’s New York in 2007. In November 2008, at the depth of the financial recession, an Untitled, Boxer from 1982 still made $13.5m (in the late 1990s it had sold for about $800,000). At the fair there are two works priced at $12m, at Shafrazi (F7) and Bruno Bischofberger (C9): Gas Truck, 1984, at the former, and the 1982, eight-panel work The Dutch Sellers at the latter, who represented the artist worldwide.
These two dealers are among a small, powerful group of players in this market. But Edward Tyler Nahem (F15) feels that the market is so broad today that it is no longer possible for a few dealers to control it. He is showing two works, Catharsis, 1984, priced at $9m, and Untitled (Self-portrait: the King), 1981, at $2.8m, while L&M Arts (B18) has a large work on paper, Ribs, Ribs, 1982, priced at $2.6m. Yesterday, dealers reported interest but few confirmed sales.
“Like many markets, Basquiat’s is two-tiered,” says Brett Gorvy, deputy chairman of Christie’s, which sold the Untitled, Boxer. “The most coveted material is rare, generally dating from the best period, 1981-83. There are good later works but overall the quality is more inconsistent.” Collectors really want what Gorvy describes as “emblematic works, preferably with a single figure with strong colours and a desirable scale”. Many of the top works are now with a handful of collectors: Peter Brant, Eli Broad, Philippe Niarchos and Dennis Scholl, and the collector/dealer family of Mugrabis. They are a major presence in the market, and passionate about the artist: Alberto Mugrabi even has the signature Basquiat crown tattooed on his wrist.
Below the top level is what Gorvy calls “a level of good, B+ works that sell for $800,000-$3m. These works are often bought by dealers who sell them on. There’s a healthy trade here.”
The majority of the works in the Beyeler show come from private collections. “Museums missed the boat,” says Alberto Mugrabi. Now, he says, they will have to wait for donations. His rumoured inventory of hundreds of works “is not as good as it was because I sold works”.
Since Basquiat’s death in 1988, his market has developed steadily—in line with overall art market trends—with a dramatic peak in 2007 when, at the height of the art market boom, the global auction volume for his work was over $115m, according to Artnet. During the 2008-09 financial crisis, turnover dropped back to 2006 levels, also reflecting lower volumes at auction.
In May this year Untitled (Stardust), 1983, depicting a jazz saxophonist sold at auction for $7.3m, well over the $2.5m pre-sale estimate, a price that startled some art world specialists. It was consigned by the Basquiat estate, which also has an authentication committee including John Cheim of Cheim & Read (A9), collector Larry Warsh and Basquiat’s father, Gerard.
“The Basquiat market has matured in the last few years, there’s a lot of collectors, not the old timers, mainly new collectors,” says collector Adam Lindemann, who lent to the Beyeler show. “They want Basquiat, not De Kooning. The old guard may still wrinkle their noses but Basquiat is blue-chip.”
-Art Newspaper
May 27, 2010
May 20, 2010
Cultural News

5 masterpieces stolen in $123M Paris museum heist
PARIS — A broken alarm system made it as easy as 1-2-3: A masked intruder clipped a padlock, smashed a window and stole a Picasso, a Matisse and three other masterpieces from a Paris museum Thursday - a $123 million haul that is one of the world's biggest art heists.
Offloading the artwork may prove a tougher task, however, with Interpol and collectors worldwide now on high alert.
In what seemed like an art thief's fantasy, the alarm system had been broken since March in parts of the Paris Museum of Modern Art, according to the city's mayor, Bertrand Delanoe.
The museum, in a tony neighborhood across the Seine River from the Eiffel Tower, reopened in 2006 after spending $18 million (euro15 million) and two years upgrading its security system. Spare parts had been ordered to fix the alarm but had not yet arrived, the mayor said in a statement.
So with no alarm to worry about, a lone masked intruder entered the museum about 3:50 a.m., said Christophe Girard, deputy culture secretary at Paris City Hall. The thief cut a padlock on a gate, then broke a side window and climbed inside - his movements caught on one of the museum's functioning cameras, according to the Paris prosecutor's office.
The intruder later slipped back out, carrying the canvases and leaving behind empty frames. The whole thing took 15 minutes, a police official said.
Three security guards were on duty overnight, but "they saw nothing," Girard said. A night watchman discovered the theft around 7 a.m.
The stolen works included Pablo Picasso's "Le pigeon aux petits-pois" (The Pigeon with the Peas), an ochre-toned Cubist oil painting worth an estimated $28 million (euro23 million), and "La Pastorale" (Pastoral), a pastel-hued oil painting of nudes on a hillside by Henri Matisse worth about $17.5 million (euro15 million), Girard said.
Also seized were "La femme a l'eventail" (Woman with a Fan) by Amedeo Modigliani, "L'olivier pres de l'Estaque" (Olive Tree near Estaque) by Georges Braque and "Nature morte aux chandeliers" (Still Life with Chandeliers) by Fernand Leger.
Estimates of the total value of the paintings varied: The prosecutor's office initially put their worth as high as $613 million (euro500 million) but later downgraded the figure to about $111 million (euro90 million). Girard said the total value was about $123 million (euro100 million).
5 masterpieces stolen in $123M Paris museum heist
The broken alarm system also renewed concerns about museum security in the French capital. There was no operating surveillance system when a thief made off with a red sketchbook of 33 Picasso drawings from the nearby Picasso Museum while it was undergoing renovations last summer.
Within hours of Thursday's heist, red-and-white tape surrounded the Museum of Modern Art and signs on the Art Deco building's ornate bronze doors said it was closed for "technical reasons."
On a cordoned-off balcony, police wearing blue gloves and face masks examined the museum's broken window and the discarded frames. The paintings appeared to have been carefully removed from the disassembled frames, not sliced out.
Investigators were trying to determine whether the intruder was operating alone, Girard told reporters. Stephane Thefo, a specialist at Interpol who handles international art theft investigations, expressed doubt that one person could have pulled it off the heist, even if only one person was caught on camera.
Many high-profile art thefts have ended in failure, with the artworks recovered as thieves struggle to trade their illegal bounty for cash. But some famous stolen works remain at large - such as those seized more than two decades ago from Boston's Isabella Stewart Gardner Museum.
Alice Farren-Bradley of the Art Loss Registry in London said the Paris theft appeared to be one of the biggest art heists ever, considering the prominence of the artists, the value of the paintings and the high profile of the museum.
However, she said it will be "virtually impossible" to sell such prominent paintings on the open market and typically stolen art fetches lower prices on the black market.
"Very often they can be used as collateral to broker other deals" involving drugs or weapons, she said. "They are not necessarily going to be bought by some great lover of the arts."
Art expert Jean-Marie Baron said the heist could have been organized by thieves who plan to sell the paintings to wealthy individuals in Russia, China or elsewhere, and "who won't verify the origins of the paintings." Another possibility was that the thieves planned to "ransom" the paintings in exchange for a big insurance payout, he said.
The FBI estimates the market for stolen art at $6 billion. The Art Loss Register has tallied up to 170,000 pieces of stolen, missing and looted art and valuables.
Picasso is the world's most stolen artist due to his prolific output and the value of his works. The Art Loss Register lists some 550 missing Picasso pieces, including paintings, lithographs, drawings and ceramics, as of 2007.
Hours after Thursday's heist, the director of the neighboring Palais de Tokyo modern art museum called the thieves "imbeciles."
"Those paintings are absolutely unsellable. First off because these are very well known paintings. And also because we are in a new civilization ... of instant global communication," Pierre Cornette de Saint-Cyr told AP Television News. "The entire planet has pictures of these paintings."
The loss is "like the death of a family member," lamented Flemming Friborg, manager of Copenhagen's Glyptotek museum, known for its Impressionist collection.
-The San Diego Union Tribune
Literary Quote
Era Lo, sencillamente Lo, por la mañana, cuando estaba derecha, con su metro cuarenta y ocho de estatura, sobre un pie enfundado en un calcetín. Era Lola cuando llevaba puestos los pantalones. Era Dolly en la escuela. Era Dolores cuando firmaba. Pero en mis brazos fue siempre Lolita.
¿Tuvo Lolita una precursora? Naturalmente que sí. En realidad, Lolita no hubiera podido existir para mí si un verano no hubiese amado a otra niña iniciática. En un principado junto al mar. ¿Cuándo? Aquel verano faltaban para que naciera Lolita casi tantos como los que yo tenía entonces. Pueden contar en que la prosa de los asesinos sea siempre elegante, vaya que lo sé.
Señoras y señores del jurado, la prueba número uno es lo que los serafines, los mal informados e ingenuos ángeles de majestuosas alas, envidiaron. Contemplen esta maraña de espinas."
Lolita— Vladimir Nabokov
May 16, 2010
May 14, 2010
May 13, 2010
May 9, 2010
May 8, 2010
May 6, 2010
May 4, 2010
Literary Quote
April 26, 2010
April 25, 2010
April 23, 2010
April 21, 2010
April 20, 2010
Love Letter

April 17, 2010
April 13, 2010
March 28, 2010
Literary Quote
March 22, 2010
March 21, 2010
March 13, 2010
March 12, 2010
March 11, 2010
March 9, 2010
March 6, 2010
Quote of the Day
March 4, 2010
Literary Pick (****)
I couldn't help compare this book with Marquez's 100 years of Solitude due of the magical realism aspects of both works. The difference between the two is that Marquez's stories all ended seamlessly with viable explanations (as much as you can explain things in the world of magical realism) of some sort to these odd stories and characters. However, Murakami failed to do that. I am open to this particular genre of writing, but things still need to make sense to an acceptable degree. There were just too many unanswered questions in the "Wind-up Bird chronicle". Some events towards the end of the story even seemed a bit convenient and left unexplained.
Nevertheless, I enjoyed reading this book and am happy I did. I'm looking forward to reading more works by Murakami.
February 28, 2010
February 24, 2010
Sound of the Moment
February 23, 2010
February 20, 2010
Literary Pick (***)

I read the 20th "newly revised" anniversary edition with a forward by Alan Zweibel, and I wonder why they didn't give the reader an update on her death later on. Fortunately I had already found out on the internet some months back, but they should definitely add that in future revisions.
We still love you Gilda!!
February 18, 2010
February 17, 2010
Recipe
Art of the Day
Literary Pick (*****)

I'm really surprised by the number of people who thought this book was boring.
I could understand how an adult man might find the musings of a young girl rather dull, but how can people in general not find this journal utterly fascinating? Here is a teenage girl who up until the end wrote with the same emotional consistency as when she began. Whoever thinks this books is boring, is because they simply fail to realize, or even imagine the conditions in which this diary was written. To think how this young girls personal life continued beyond the details of the war is rather remarkable.
What would anyone else have written about in their diary as young boy or girl in the same predicament as the Franks?
Anne is surprisingly strong and mature for her age, impressively intelligent, and although there was a World War going on, her own particular world never abated. Her personal life was just as important, if not necessary in order for her to survive the day to day living conditions at the Annex.
Yes, there were brief moments of panic, but she had to live life, even if her living space was limited. She carried on as if being in hiding was a mere temporary inconvenience. She wasn't going to let that rob of her of her right to claim her passage into womanhood..her God given right to experience puberty, moodiness, emotions, and even love.
Here I thought I was about to read the semi-interesting scribbles of a blooming young lady, with ambiguous references to the war. But there is nothing cryptic about her diary. She shoots straight from the hip in this incredibly and shockingly honest account of what life was like for her and her family living in hiding during the WW. It's not what I expected. I expected something rather tame, but it's far from it. This young girl was very interesting and quite special.
You can't read this journal and think it's just an ordinary diary of a young girl, because it's not. Anne's diary is a representation of how other Jewish families lived and coped during the Nazi war. That's really powerful. Many people don't realize how fortunate we are (thanks to Anne Frank, her Father Otto Frank and Miep Gies) to have some insight on how it must have been for the Jews to coexist this way. Because of Anne, we can have some sort of idea of how it was like to live under floorboards, in between walls, and behind bookshelves. This diary humanizes and brings back to life the Jewish people who mysteriously disappeared but who had not yet died.
I love this diary and I'm so grateful to have read it.
It must have been extremely difficult for her father Otto Frank, to read his daughters diary after her death.
February 14, 2010
February 13, 2010
February 12, 2010
Sound of the Moment
Instruction
Cultural News

Look again at that dot. That's here. That's home. That's us. On it everyone you love, everyone you know, everyone you ever heard of, every human being who ever was, lived out their lives. The aggregate of our joy and suffering, thousands of confident religions, ideologies, and economic doctrines, every hunter and forager, every hero and coward, every creator and destroyer of civilization, every king and peasant, every young couple in love, every mother and father, hopeful child, inventor and explorer, every teacher of morals, every corrupt politician, every 'superstar,' every 'supreme leader,' every saint and sinner in the history of our species lived there — on a mote of dust suspended in a sunbeam.
February 10, 2010
February 7, 2010
Quote of the Day
(inscribed on the tombstone of Emma Bovary)
-Madame Bovary
February 4, 2010
February 3, 2010
Cultural News

A life-size bronze sculpture of a man by Alberto Giacometti was sold Wednesday at a London auction for 65 million pounds ($104.3 million) — a world record for the most expensive work of art ever sold at auction, Sotheby's auction house said.
It took just eight minutes of furious bidding for about 10 bidders to reach the hammer price for L'Homme Qui Marche I (Walking Man I), which opened at 12 million pounds, Sotheby's said.
The sculpture by the 20th century Swiss artist, considered an iconic Giacometti work as well as one of the most recognizable images of modern art, was sold to an anonymous bidder by telephone, the auction house said.
Sotheby's had estimated the work would sell for between 12 million and 18 million pounds.
The sale price trumped the $104.17 million paid at a 2004 New York auction for Pablo Picasso's 1905 Boy With a Pipe (The Young Apprentice). That painting broke the record that Vincent van Gogh had held since 1990, and its sale was the first time that the $100 million barrier was broken.
L'Homme Qui Marche I, a life-size sculpture of a thin and wiry human figure standing 72 inches tall, "represents the pinnacle of Giacometti's experimentation with the human form" and is "both a humble image of an ordinary man and a potent symbol of humanity," Sotheby's said.
The work was cast in 1961, in the artist's mature period. It is rare because it was the only cast of the walking man made during Giacometti's lifetime that has ever come to auction, Sotheby's said. It was bought by Dresdner Bank in the early 1980s.
The last time a Giacometti of comparable size was offered at auction was 20 years ago. That sculpture was sold for $6.82 million, a record for Giacometti works at the time.
-NPR
Labels: Art, Giacometti, sculpture


































