#art-collection-management

#art-collection-management

Private auctions are characterized by their curated nature, taking place outside the traditional public auction format, which allows for a more controlled and quieter sales environment.

Art UK has taken it as its mission to digitally unite one million artworks from 3,500 institutions. This free-to-all portal connects everyone with the UK's public art collections.

"It's a really special spot. When you start at the top and move down the gently sloped ramp, you almost feel like a marble tumbling down, looking at art as you roll by. The slight slant plays with your sense of perspective and grounding."

"We are uniquely global and local, historic and contemporary, collection driven and exhibition driven," Westermann said. "I really needed someone who understands that complexity."

The new webpage, entitled 'How have objects come to be in the V&A?', points out that for some objects, their journeys have involved known histories of violence, coercion or injustice, while for others there remains uncertainty over exactly how they came to be here.

Chiu insisted that her departure is not related to Donald Trump's efforts to interfere with the Smithsonian. 'Not at all,' Chiu told the Guardian. 'The Guggenheim is an extraordinary institution. It is one of the major museums in our field. It was never part of my decision-making process.'

KAWS has shown an uncanny ability to connect with a wide variety of people. Younger buyers clamor for his $50 Uniqlo T-shirts, while trophy-hunting collectors shell out millions for paintings.

Kamrooz Aram is everywhere this year, from Mumbai Art Week to the Whitney Biennial, and critic Aruna D'Souza is grateful. She pens a beautiful meditation on his work, reading his abstract paintings as not simply a denunciation of Western modernism nor a reassertion of Islamic visual motifs, but something else entirely - something gestural, exuberant, riotous, and incomparably his own.

The record price in the category, $13.8m- paid last year at Christies' in New York for a painting by the Mumbai-based Modernist M.F. Husain-is more than three times what it was 20 years ago.

Christie's led the evening-sale race, with a total haul of HK$655.76 million ($83.8 million), a 17 percent increase from the same sale last year. It had no withdrawals.

A colorful modernist canvas by the late Indian painter Vivan Sundaram turned heads at Sotheby's New York on March 26 when it fetched $896,000 including fees-seven times its high estimate.

March and April represent the pinnacle of our cultural calendar. The government's Hong Kong Mega 8 initiative brings together world-class events—from Art Basel and Art Central to ComplexCon and the Hong Kong Sevens. This powerful synergy across art, sports and pop culture transforms the entire city into an extended exhibition space.

Dealers like artists with established sales records because it lowers their already considerable financial exposure. Renting a gallery space in Tribeca costs anywhere between $8,000-30,000 a month on top of staff, marketing, and daily operations. With that kind of overhead, very few business owners can afford to take on the financial risk of untested artists.

Stephen Friedman was overdue filing when he went into liquidation on 2 February, closing his London gallery immediately (his New York venue shuttered around the same date). At the time of writing, invoices remain unpaid and artists unable to retrieve works from storage companies. In a statement, Friedman says 'all matters are now subject to the administrator's consideration'.

The terms are often conflated to portray an air of desirability and a limited opportunity. Rarity generally refers to the unusualness of an object—something that is infrequently encountered or 'rare to market.' With modern works from the past century, rarity can stem from limited original production, or the fact that many examples are held in museum or institutional collections, reducing their availability in the marketplace.

For some eminently wealthy individuals, amassing a first-class art collection is an ideal way to spend their money. And while some high-profile art collectors end up donating their collections to museums or other cultural institutions, others take a different approach, reselling their art after a certain amount of time. Which brings us to this week, when billionaire David I. Koch's collection of Western art hit the auction block at Christie's, setting a number of records in the process.

Is there finally a market for performance art? We're seeing more and more performance in galleries, art fairs, and other commercial art spaces these days.

The snippet carries the phrase "Fathers of the Senate!" which is nowhere found in surviving Washington documents. The expression is borrowed from ancient Roman Senate-specifically the Latin patres conscripti , or "Conscript Fathers"-and quite possibly wasn't the patrician tone Washington intended to set for a young republic. It is unknown why or how it was used in this case as the manuscript from which the fragment was cut is long lost.

Under the terms of Sotheby's new fee structure, buyer's premiums for lots sold in New York are increasing from 27% on lots priced at or above $1m to 28% for all works sold for hammer prices up to and including $2m (£1.5m in London). The medium tier buyer's premium will remain 22% of the hammer price, but will be applied to lots sold for between $2m and $8m (£1.5m and £6m in London);