Editor’s note: This story originally appeared in On Balance, art news Newsletter about the art market and beyond. Register here Receive it every Wednesday.
Industry trends
- Blue-chip galleries withdraw from Art Basel Miami Beach: Since the cancellation was announced in July, at least eight exhibitors, including Alison Jacques, Miguel Abreu and Lia Rumma, have been removed from the show’s roster. art news reported earlier this week.
- Karim Crippa takes the helm at Art Basel in Paris: He previously served as the show’s communications director and will now lead the French edition. The fair’s former director, Clement Delépine, recently left to lead the Lafayette Anticipations art space.
- Uffner & Liu now represents Reginald Madison: The self-taught painter and sculptor was born out of Chicago’s Black Arts Movement in the 1960s and 1970s. After years of working in relative obscurity, he has recently exhibited at the September Gallery in Hudson and the Rachel Ufner Gallery in New York.
- Paul Soto Gallery announces representation of John Sandroni: His work is currently on display in New York galleries.
- KSS Architects Completes Learning and Engagement Center for Newark Museum of Art: The company has approved the new center for the New Jersey institution, which is part of a wider development that will include new green space, a new Progressive Gallery, an outdoor sculpture garden and a museum park.
The big number: $107.4 million.
That’s the total from four Christie’s auctions held in conjunction with Art Basel in Paris last week. The top lot is by Yves Klein California(1KB 71), The work was sold for $21.3 million, setting a French auction record for the artist.
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Melanie Griese in ” financial times Following the double fair of Frieze and Art Basel in Paris earlier this month, the art market appears to be regaining momentum after a long slump. (Although collectors have adopted a “safety first” approach.) Gliss noted that collectors have shown a preference for works that have an art historical foundation and institutional validation, rather than those that are speculative. Good auction results at Christie’s and Sotheby’s auction houses in London and Paris over the past few weeks have given hope to dealers. What’s the overall attitude, as Gerlis describes it? Cautious, historically aware, and somewhat optimistic. Fingers crossed! ——George Nelson, British journalist
