An ailing art market

Since the financial crisis began, the art market has taken a series of severe blows and is now subject to various external and internal pressures. In the United States, for example, the fall in private subsidies to the Arts has led to significant personnel reductions at some of the most prestigious museums (the Detroit Institute of Arts and the Museum of Contemporary Art in Los Angeles have both cut staff by 20%). At the same time, an enormous volume of cash that was fuelling the market has literally disappeared as the new ultra high net worth individuals in Russia, India and Turkey have seen their fortunes substantially diminished (by the end of Q1 2009, the world counted 300 less billionaires) and the banks have stopped financing acquisitions of art works: the giant UBS has closed down its art advisory pole dedicated to buying and selling artworks.

Read the analysis in Artprice.com here.

Opportunity for Artists

The Delaplaine Arts Education Center in Frederick, Maryland is seeking proposals for solo and small group shows. They are currently scheduling for 2010-2011. The Center houses 6 galleries; the shows change on a monthly-bimonthly basis.

All media is considered, a preference is given to regional artists, but every properly submitted proposal is reviewed.

For more information please visit their website and download a prospectus from the bottom of the EXHIBITS page or email Diane at dsibbison@delaplaine.org.

Aqui Estamos in City Paper

The Philadelphia City Paper highlights Aqui Estamos, the Cuban group art show that I curated for Projects Gallery in Philadelphia.

Read it here.

Mrs. Obama supports Artomatic

You have to read between the lines but, here it is!

National Gallery of Art Returns a Non-Holocaust Painting

Chaim Soutine’s iconic painting entitled Piece de Boeuf (Piece of Beef c. 1923) is being returned to the Shefner Family in resolution of litigation commenced against the National Gallery of Art in Washington, DC. From the news release:

A unique and unusual settlement regarding Chaim Soutine’s iconic painting entitled Piece de Boeuf (Piece of Beef c. 1923) was approved last week by Judge Laura Taylor Swain of the Southern District of New York. Pursuant to the settlement, the painting is being returned to the Shefner Family in resolution of litigation commenced against the National Gallery of Art in Washington, D.C., Maurice Tuchman and Esti Dunow, the authors of the Soutine Catalogue Raisonné.

The settlement is believed to be the first time that the National Gallery of Art has deaccessioned a non-Holocaust work of art from its permanent collection. The stated policy of the National Gallery of Art is not to deaccession any of its permanent collection. In consideration of the unique nature of the settlement agreement and the circumstances surrounding the painting’s return, the parties have agreed that the painting shall remain on loan to the National Gallery of Art for the benefit of the American public for the near future.

“The Shefner Family is pleased to be welcoming this iconic Soutine back to their family,” said Karl Geercken, of Alston & Bird LLP, lead attorney for the plaintiff. “We believe this is a positive outcome for all parties involved.”

Chaim Soutine, a Russian-born French expressionist painter, lived from 1893 until 1943. His series of ten beef carcass paintings are considered to be among his most notorious and controversial works. The majority of the beef paintings are currently in prominent museums. This painting is one of the last in the series to be privately owned.

As noted by the National Gallery of Art, Piece of Beef (accession 2004.126.1) is an outstanding example of 20th century expressionist art that makes “deliberate reference to a long tradition of the subjects of butchers, market-stalls, and game in paintings by Rembrandt, Chardin, and Goya, whose works Soutine studied in his visits to the Louvre.” Soutine’s work has also been described as being especially significant during the 1950s to painters such as Willem de Kooning.

Armed Robbery at Dutch Museum

From the Art Loss Register:

In the first of two robberies at Dutch museums this month, two important 20th century artworks were stolen by a group of masked and armed thieves from the Scheringa Museum for Realism, located about 30 miles north of Amsterdam. The robbery occurred around noon on May 1. The artworks, a surrealist gouache by Salvador Dali and an art deco portrait by Tamara de Lempicka, were among the most valuable pictures in the museum's collection.

The theft coincides with a recent interest in Lempicka's work. Days after the heist, a similar painting by Lempicka sold at auction in the US for $6 million, setting the record for the artist. According to the Art Loss Register's database, Salvador Dali is the fourth-most stolen artist, with over 400 artworks currently missing.

From Top: Salvador Dali, Adolescence, 1941, gouache, 17.5 x 12 in., signed and dated lower right; Tamara de Lempicka, The Musician, 1929, oil on canvas, 51 x 28.75 in., signed and dated lower right. ALR Ref # L09.335.

Frida Kahlo on Ebay

Wanna own an original Campello vintage 1979?

This drawing of Frida Kahlo by yours truly just made an appearance on Ebay and is going for $40 - certainly a steal on a 20 year-old Campello original.

It is being sold by Americana Illustration Art. I did that drawing while I was a student at the University of Washington School of Art.

Bid on it here. Hurry, the auction ends May 25.