Flying Pigs

The WaPo on flying pigs; read it here.

Christie's woes

“We have begun to implement a companywide reorganization, which includes significant staff reductions, not renewing many consultants’ contracts and the continuation of other cost-reduction initiatives, that will ensure we remain competitive and profitable in 2009,” Christie’s said in a statement on Monday, without saying how many positions might be cut or giving any further details.

In the last months, auction prices dropped together with financial markets, ending a decade-long boom in the art market that was buoyed by record bonuses paid to financial executives.

Read the NYT article here.

The Latest from Pink Line Project

Art Market

...we look at the effect the credit crunch is having on the art world as the new year begins. In the art market, there have been a few early victims of the crisis, including the 18 employees sacked by PaceWildenstein in New York, and the 17 “fabricators” of pill cabinets, butterfly paintings and pickled animals axed by Damien Hirst. “I want to make sure that we are the best swimmers on the block. The luxury of carrying under-performing employees is now a thing of the past,” warned Mr Gagosian, in a similar vein, in the same memo to his staff.

In Miami, the trendy French dealer Emmanuel Perrotin has shuttered his gallery, and now will only reopen it for Art Basel Miami Beach next December. Sotheby’s is also trimming its workforce, and has announced it has abandoned guarantees for the foreseeable future. The firm, and its arch-rival Christie’s, were badly hit by the collapse in art prices during New York’s sales of impressionist, modern and contemporary art in November, which garnered only half the expected totals. Those sales were prepared before the autumn, when art prices were still riding high. Some works sold in November for half their low estimates, and up to 75% of the works in some sales were bought in.

Read Georgina Adam at the Art Newspaper here.

Age of Obama

Congratulations to President Obama on his spectacular and history-making achievement. And now, regardless of where you stand on the political spectrum, let's see if we can set aside our differences and get behind this man regardless of what the extreme left wing nuts and the extreme right wing nuts do and say.

World History Series: The Age of Obama
F. Lennox Campello
Charcoal on paper, c. 2009
13 x 9 inches matted and framed to 24x18 inches
In a private collection in Dublin, Ireland
This is my first drawing of 2009 and it will be on exhibition at Projects Gallery in Philadelphia next month. More on that show later.
Update: Sold by Projects Gallery to a collector in Ireland.

Opportunity for Curators

Deadline: March 1, 2009

The Philadelphia Museum of Art seeks applicants specializing in modern and contemporary art for a post-doctoral fellowship, funded by The Andrew W. Mellon Foundation, and offered beginning June 2009. Available to outstanding scholars who wish to pursue a curatorial career in art museums, this two-year fellowship, with a possible third year renewal, will provide curatorial training while also supporting scholarly research related to the renowned collections of modern and contemporary art at the Philadelphia Museum of Art.

Details here.

Photography Collecting Tip

Most newspapers have a process via which you can buy their photographers' photographs for a very reasonable cost.

If you're in the market for a historic photographic memento of the Obama inauguration, I suggest acquiring whatever the Washington Post will make available here.

And if you got a little chutzpah in you, then you can call the photographer at the WaPo and see if you can talk them into meeting you at the lobby and have them sign the photograph.