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The Other Art World

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The Other Art World THE OTHER ART WORLD MONA LISA CURSE MONA LISA CURSE Typical View of Mona Lisa at the Musée du Louvre Paris, FR President, J. F. Kennedy, Jacquelyn Kennedy, Vice President, L. B. Johnson with French Cultural Minister and wife. January 9, 1963 National Gallery, Washington. DC At the Met February 1963 “Mona Lisa” 1963 Metropolitan Museum of Art New York, NY February 7,1963 March 4, 1963 Total Viewers 1,077, 521 Total Number of Viewers Single Day Record Number of Viewers 63,500 “The “Mona Lisa” painting made the leap from artwork to an icon of mass consumption” "The entanglement of big money with art has become a curse on how art is made, controlled, and above all - in the way that it’s experienced." “Apart from illegal drugs, art is the biggest unregulated market in the world” “Art Critic, Robert Hughes 2006 Art Theft THE Art Fraud Art Provenance OTHER Art Authentication ART Art Auctions Art Fairs WORLD Art Dealers Freeports BUYER BEWARE ART THEFT “I GOT CAUGHT BECAUSE DIDN’T HAVE THE MONET TO BUY DEGAS TO MAKE THE VAN GOGH” The Thomas Crown Affair (1999) Denis Leary’s cop character essentially absolving Thomas of guilt in a speech that’s basically about how his crimes are not a big deal because… “it’s all just a bunch of rich people fighting over some splashes of paint on a canvas”. ART THEFT MONA LISA THEFT 1911-1913 ART THEFT MONA LISA THEFT 1911-1913 Trial of Pablo Picasso, Guillaume Apollinaire Pablo Picasso Guillaume Apollinaire 1880-1918 1881-1973 1912 ART THEFT MONA LISA THEFT 1911-1913 Lisa del Giocondo (Gheradini) Vincenzo Peruggia (1881-1925) (1479-1542) ART THEFT MONA LISA THEFT 1911-1913 ART THEFT Isabella Stewart Gardner Museum Theft March 18, 1990 Isabella Stewart Gardner Museum Theft ART THEFT Isabella Stewart Gardner Museum Theft 1990 NAZI ART THEFT 2006 Movie NAZI ART THEFT Herman Goring and Adolf Hitler NAZI ART THEFT Jan Van Eyck “Ghent Altarpiece” 1432 Gustav Klimt 1907 “Lady in Gold” Baldin Collection Moscow Baldin Collection - Moscow NAZI ART THEFT Rolf Nikolaus Cornelius Gurlitt Arrested, Berne, SUI 2010 ART THEFT ART THEFT “The Scream” Edvard Munch (1863-1944) Versions stolen twice -1994, 2004 from Munch Museum, Oslo ART THEFT Italian Art Police The Carabinieri – est. 1969 recovers up to 2000 works of Art and Antiques, annually valued at 200-300 million Euros Offices in 14 Italian Cities 200 employees ART FORGERY (FRAUD) From sources with specific knowledge on the certification of the authenticity of collections in various art museums that 25% of all holding are fraudulent. ART FORGERY ART FORGERY 6 Copies were made, sold to American Collectors for $150K each ($900,000 2010) ART FORGERY “Man with Golden Helmet” 1650 Formerly Attributed Rembrandt Gemaldegalerie Berlin ART FORGERY Hans Van Meegeren and his fake Vermeer, Jesus among the doctors, 1945. ART FORGERY Fake Giacometti's by Robert Driessen ART FORGERY John Myatt with a replication by ‘Van Gogh’ Accomplice John Drewe created 250 Fakes ART FORGERY French painting expert Eric Turquin poses on April 12, 2016 in Paris with Judith cutting off the head of Holofernes, presented as being painted by Italian artist Caravaggio (1571-1610), while experts are still to determine its authenticity ART FORGERY French painting expert Eric Turquin poses on April 12, 2016 in Paris with Judith cutting off the head of Holofernes, presented as being painted by Italian artist Caravaggio (1571-1610), while experts are still to determine its authenticity In an 2005 opinion piece for the New York Times, former Wall Street banker, William Cohan described the “Art Market” as… “Utterly unregulated” and “a very dangerous place, populated by any number of unscrupulous figures.” Provenance and Authentication Andy Warhol (1928-1987) “Brillo Boxes” 1964 $300.00 Stable Gallery Recent Auction Results 2016 $3 million each Authentication “From Antiques Road Show” 1. Give the Art Work a “once-over” 2. Identify the Artist 3. Check if there is a Catalogue Raisonne and Research Work 4. Find an Expert 5. Prepare for the Moment of Truth Provenance “a record of ownership of art or antique used as a guide to authenticity or quality” Andy Warhol with Gerald Malanga 1967 Andy Warhol Factory 1967 Catalogues Raisonnēs Published 2002 Price as of 2021 $2975.00 plus shipping Catalogues Raisonnés AUTHENTICATION BOARDS JOSEPH CORNELL (1903-1972) AUTHENTICATION RESEARCH International Foundation for Art Research (IFAR®) 500 Fifth Avenue, Suite 935, New York, NY 10110 ART AS AN ASSET CLASS “To please the eye” vs “future value” Banks and Insurance Companies are employing in-house art experts to assist in evaluating art Bank Provided Services art advisory services art lending art investment services. ART AS PRESTIGE ART AS PRESTIGE ART DEALERS “never underestimate how insecure buyers are about modern and contemporary art” Notable Art Dealers and Art Gallerists Daniel-Henry Kahnweiler Irving Blum Pierre Matisse Mary Boone Peggy Guggenheim Arne Glimcher Sidney Janus Betty Parsons Leo Castelli Larry Gagosian Ileana Sonnabend Bruno Bischofberger Warhol Basquiat Bischofberger Basquiat Bischofberger “Dustheads” 1982 Bischofberger Gagosian “BOOM” May 2019 ART AUCTIONS ART AUCTION Owns 1000 Warhol Artworks Jose’ Mugrabi (1939) Estimated Value at $6 Billion “Without art auctions , the art market wouldn’t have the financial value it has. Auctions give the illusion of liquidity” Primary Market Vs. Secondary Market Primary Market “Quality Material” 1966 John Baldessari b.1931 Sold 1968 $1200.00 Secondary Market “Quality Material” 1966 John Baldessari b.1931 Christies Sold 2007 $4,100,000.00 Major Art Auction Houses Christie’s – London, UK, New York, NY and Offices Worldwide Sotheby’s – London, UK, New York, NY and Worldwide Phillips de Pury, London, UK, New York, NY and Worldwide Bonham's, London, UK and Worldwide Los Angeles Modern Auctions (LAMA), Los Angeles, CA Online Auction Services ART AUCTION HOUSES The Sotheby’s/Christie’s Scandal 1992 “The Art of the Steal” Christopher Mason 2005 “THE SCREAM” EDVARD MUNCH 1893 MUNCH MUSEUM, OSLO “THE SCREAM” AUCTIONED, 2012 -WINNING BID $119 MILLION “$119.6 million for a 20” x 28” piece of paper with various pastel chalk marks on it” WINNING BIDDER Leon Black ON “PERMANENT LOAN” AT METROPOLITAN MUSEUM OF ART NEW YORK CITY Art Fairs Art Fairs Art Basel Miami Beach Frieze – London, UK Art Basel Buenos Aires ARCO, Madrid, SP Art Basel Switzerland India Art Fair, New Delhi Art Basel Hong Kong The Armory Show, NYC Art Biennales Venice Biennale Yokohama Biennale San Paulo Biennale Singapore Biennale Berlin Biennale Whitney Biennale, NYC Shanghai Biennale Manifasta Europe Freeports Freeports Freeports Freeports Freeports Freeports Art World Players • Art Schools • Art Dealers Art • Art Galleries Collectors • Art Critics • Art Reviewers Art • Art Magazines Art • Art Historians Work • Art Museums Investors • Art Curators • Art Appraisers • Auction Houses Art • Art Consultants Viewers • Art Fairs • Art Competitions MFA PROGRAMS MUSEUMS DEALERS ART SCHOOLS TOP RANKED MFA PROGRAMS IN US YALE UNIVERSITY – NEW HAVEN, CT BARNARD COLLEGE, COLUMBIA UNIVERSITY, NYC RHODE ISLAND SCHOOL OF DESIGN – PROVIDENCE, RI PRATT INSTITUTE - NYC SCHOOL OF THE ART INSTITUTE OF CHICAGO – CHICAGO, IL MARYLAND INSTITUTE COLLEGE OF ART – BALTIMORE, MD CALIFORNIA INSTITUTE OF THE ARTS – VALENTIA, CA OTIS COLLEGE OF ART AND DESIGN-LOS ANGLES, CA PARSONS NEW SCHOOL – NYC MASSACHUSETTS INSTITUTE OF TECHNOLOGY – CAMBRIDGE, MA CRANBROOK – BLOOMFIELD HILLS, MI THE ARTIST Art Galleries U. S. Cities With Multiple Modern and Contemporary Art Galleries Chelsea, SoHo, and Williamsburg, Brooklyn, New York City. River North Gallery District, Near North Side, Chicago. West Loop, Chicago. Design District, Miami, Florida Wynwood Art District, Miami, Florida Worth Avenue, Palm Beach, Florida Bergamot Station, Santa Monica, California Gallery Row, Downtown Los Angeles, Los Angeles. Art Museums “one of the functions of museums is to make art worthless again. Art is taken out of the market and put in a place where it becomes part of the common wealth” Robert Storr, Curator, 2006 Venice Biennale Notable Art Museums Worldwide MOMA, NYC Louvre, Paris Guggenheim, NYC Musee d’Orsay, Paris. FR Whitney, NYC Pompidou, Paris, FR Metropolitan M of A, NYC Prado, Madrid, SP Brooklyn Art Museum Sofia, Madrid, SP Boston MFA Hermitage, St Petersburg Art Institute Chicago Moscow Museum of Art National Gallery, Washington National Gallery, London Philadelphia M of A British Museum, London Baltimore Art Museum Tate Modern, London Detroit Art Museum Academia, Florence, Italy L.A.C.M.A. Los Angeles Ufizzi, Florence, Italy Getty, Los Angeles Rijksmuseum, Amsterdam Seattle Art Museum Van Gogh Museum, Amsterdam Notable Art Critics Modern Contemporary Lawrence Allway Terry Barrett Michael Fried Lucy Lippard Clement Greenberg Rosalind Krauss Robert Hughes Hilton Kramer Jerry Salz Harold Rosenberg Roberta Smith Linda Nochlin Leo Steinberg The Art Scene Art Openings Is anyone looking at the art? MET GALA 2019 “5 reasons why is art so damn expensive?” Prestige Factor Dollars are easier to measure than beauty Culture dollars are more valuable The Thrill of the Hunt and Bragging Rights New money skews the market THE BRICS .
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