Weekly Arts news round-up
Isabel Andrews, Friday, 26th September 2008
Picasso auction:
One of Pablo Picasso’s most important paintings, Arelquin (pictured), will go under the hammer at Sotheby’s, New York, in November. The painting, which was last seen in public 45 years ago, is expected to fetch over $30 million (£16.3m). Painted in 1909, it was bought by the Surrealist artist Enrico Donati during the 1940s. Arelquin will be exhibited in Sotheby’s, London, 3-7 October and Moscow Museum of Modern Art, 29 October-3 November.
Guggenheim announce new director:
The Solomon R. Guggenheim Foundation announced this week that Richard Armstrong will become its next director. Richard Armstrong, who has been director of the Carnegie Museum of Art in Pittsburgh for 12 years, succeeds Thomas Krens who is leaving the post after 20 years. Krens has overseen Guggenheim branches in Berlin, Venice and Bilbao and a new museum in Abu Dhabi planned to open in 2013.
Washington museum to deaccession:
The Corocan Gallery of Art, Washington DC, plans to sell 10 paintings from its permanent collection at a public auction in December. The sale is announced as part of a five-year plan to refine the museum’s focus and raise funds for future acquisitions. Among the works to be deaccessioned are John Ellery by Gilbert Stuart (1810) and The Return From the Tournament by Thomas Cole (1841), the founder of the movement called the Hudson River School.
Russian buying power:
One of the directors of the Gagosian Gallery, Victoria Gelfand, reported that 50 per cent of the gallery’s total global sales were attributed to Russian buyers. The number of Russian buyers has been steadily increasing over the past 18 months, with the bulk of sales being in the areas of post-war and contemporary art. This month Gagosian opened a show in Moscow, ‘For What you are About to Receive’, that features 70 works ranging in price from $25,000 to $2million.
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