Archive for the ‘Private Collectors’ Category
Last September, the Andy Warhol Foundation for the Visual Arts announced it would auction off a chunk of its trove at Christie’s to benefit its endowment. The other big change at the Warhol Foundation in 2012 was the dissolution of its authentication board, which was becoming overly expensive due to constant lawsuits. Both changes were motivated by the Warhol Foundation’s desire to further its mission and increase its grantmaking activities. Everyone, except Jose Mugrabi, wins!
On November 12, Christie’s began the Warholmania with three auctions—one for photographs, paintings and works on paper, and prints (the catalogues have some crazy graphic design). The auctions featured 354 works and brought in $17,017,050. (There is still a ton of work to be sold by Christie’s through a selling exhibition in Hong Kong and an online sale next month.)
Private Collector Museums
As promised, lets explore a series of amazing/crazy collectors around the world who have built museums to house their collections. First up, David Walsh
Let’s begin in a dark corner at the bottom of the world, Tasmania. It is there that eccentric collector David Walsh (who made his fortunes developing gambling systems) built the Museum of Old And New Art to house his collections of antiquities and contemporary art. It is the largest privately funded museum in Australia with an $8 million annual operating budget. The funding comes from Walsh, and from other business Walsh developed on the sprawling Morilla estate where the museum is located.
Art + Auction announced their annual Power 100 list earlier today, and celebrated it with a big party in Miami last night. No, I am not in Miami for Basel, I am but a humble graduate student doing hours and hours of thesis research. (Next year I’ll be forced to go by my fabulous future job.) I did take the time to comb through the entire slide show on Artinfo.com. For thesis research… Here are some facts: Read the rest of this entry »