Posts Tagged ‘Dolly Parton’
Alice Walton is the youngest daughter of Sam Walton, founder of Wal-Mart. She was raised in Bentonville, Arkansas—also the location of the first Wal-Mart, and where Wal-Mart corporate headquarters is located. In the past decade Walton has been on a shopping spree of American art, from colonial to contemporary.[ii] The spree was fueled by her philanthropic project, the Crystal Bridges Museum of American Art (she chose the name), also in Bentonville, a city with a population of 35,000. The cost for the project is unknown, but art blogger Lee Rosenbaum (CultureGrrl) investigated the museum’s 990s and revealed that between 2005 and 2010, the museum spent $508.57 million in “expenses for charitable activities”[iii]—an intentionally vague category. These activities most like are the acquisition of art but also the design and construction of the museum by architect Moshe Safdie.
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.)