Monday, December 13, 2010

Aby Rosen’s 85 or 90 Warhols

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Real estate developer Aby Rosen was interviewed in the Sunday New York Times real estate section about his recent real estate endeavors. (That story here).

As a sidebar: Rosen was the Times‘ Art Basel Miami Beach party poster boy, appearing in no less than five stories and slide shows about fair frivolities).

Tucked at the end of the most recent real estate article were a few factoids about Rosen’s art collecting.

He owns 700 pieces, including around 85 to 90 Warhols. His favorites? 1950s and 1960s American art.

Rosen admits he doesn’t enjoy all his art equally. He tells the Times “I could go out to five parties a day if I wanted to. I don’t. I have attachments to my wife and kids–and about 20 pieces of art.”


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Thursday, October 28, 2010

Steve Wynn, Christie’s Anonymous Seller–Not So Much

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The cover lot of Christie’s Nov. 10 contemporary auction is Roy Lichtenstein’s masterful 1964 Pop canvas Ohhh…Alright…, with an estimate on request ($40 million to $60 million) and no officially disclosed seller.

(It’s true, WSJ scribe Kelly Crow named Wynn in her Oct. 1 story about the painting, but Christie’s press materials make no mention of Wynn).

Yet as any reader of the November issue of Architectural Digest will discover, there is the same Lichtenstein, hanging on the cobalt blue walls of Steve Wynn’s TV room in his Vegas villa. Did the  Arch Digest folks realize the story was something of a promo for Christie’s auction?

I wonder what Wynn plans to hang in the vacated spot? Not sure his recently acquired Rembrandt will look quite so punchy against the blue.


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Thursday, July 22, 2010

Book Review – David Rockefeller’s Monets and other “Art of Collecting” Nuggets

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By Mackie Healy, Art Market Views Contributor

David Rockefeller, MoMA’s honorary chairman, is among 23 collectors profiled in Diane McJanus Jensen’s The Art of Collecting: An Intimate Tour Inside Private Art Collections with Advice on Starting Your Own. The glossy book offers a voyeur’s treat: photos of collectors’ homes and interviews. There are some surprising nuggets.

For instance, Rockefeller is enamored with fiber optic lighting—used to illuminate his Bonnards and Monets—and occasionally makes the gallery rounds with  MoMA director Glenn Lowry.

Other factoids: Lawyer Alan Dershowitz’s house is packed with works by De Chirico, Rockwell Kent and myriad lesser known finds. Janet and Larry Larose own over 350 objects by Christopher Dresser.

The collectors cross a range of categories including the contemporary holdings of Kelly and Scott Miller, Erinch Ozada’s video art and Norman and Alicia Westmoreland Volk’s dog portraiture.

The author, who has worked as a gallery owner and private art advisor, creates an intimate, behind-the-scenes tour. Each Q&A section features installation shots of the collector’s homes, revealing that yes, David Rockefeller lives in a duplex, and that his staircase is adorned with two late waterlily paintings by Claude…


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Wednesday, July 21, 2010

Collectors Shelley and Donald Rubin Slash Price on $20.9M Townhouse

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Himalayan art collectors Donald and Shelley Rubin, founders of the Rubin Museum of Art, were motivated sellers.

Their 8,000 square foot townhouse at 122 East 70th Street lingered on the market for a year, tagged $20.9 million. In May the Rubins slashed the price to $14.9 million and snagged a buyer, according to an article in the Wall Street Journal.

The article quotes brokers predicting fallout from the Rubins’ re-pricing efforts, warning other would-be sellers “expect to see lower offers.” (See property listing here.)

It’s hard to work up much sympathy for sellers of Upper East Side townhouses, or even the Rubins, who acquired the house, with a hot tub and roof garden, in 1995 for a mere $5 million. It seems the Rubins cleared around $10 million on the deal.

Rubin, who founded a health care network, forked over $22 million three years later for the former Barneys building on 17th Street. The Rubin Museum opened in 2004 and has an annual budget of $13 million. The museum is currently searching for a new chief curator, more here.


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Monday, July 19, 2010

Halsey Minor Rails Against Banks and FDIC, Racks up Legal Bills

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Halsey Minor made headlines in art circles for his recent litigation with both Sotheby’s and Christie’s, as well as the recent sale of his property at Phillips de Pury, at the behest of the courts. (Some earlier coverage here and here).

Last week Minor penned an essay titled Why I Fight on Huffington Post railing against banks and the FDIC. His battles stem from a hotel he was constructing in Charlottesville. His loans were cut off by Silverton Bank which shortly thereafter was shuttered and taken over by the FDIC.

Minor estimates “between the government and me, roughly $10 million already has been spent in legal fees on a dispute over a $10.3 million loan.”

Read Minor in Huffington Post here.


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Tuesday, July 6, 2010

Bloomberg: Adam Sender Dresses Up Hedge Fund Rooms With Ruscha, Dan Flavin

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Link to story here.

A black-and-white Ed Ruscha painting with the words “Let’s Be Realistic” spelled out in bold white letters hangs outside the sound-proof trading room at art collector Adam Sender’s hedge fund.

Sender’s curator, Sarah Aibel, 28, is giving me a tour of the art-stocked office in an old loft building in New York’s SoHo district.

“Trading is what he does for work,” Aibel says of Sender. “And when he’s not trading, art is what he does for love.”

In the trading room, the light is movie-theater low. Sender, who declined to be interviewed, is seated at what resembles a science-fiction command center, surrounded by two dozen glowing monitors.

Out in the hall, a Kara Walker mural runs along a wall. A pink-and-green neon sculpture by minimalist Dan Flavin illuminates a corner. An otherwise generic conference room is hung with a piercing John Currin painting. “The Activists” depicts a frail elderly woman seated before a microphone, holding a sheet with a presumed list of grievances.

“The traders are so focused on finance, the art gives them a break,” Aibel says.

Sender, 41, has collected art since…


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Wednesday, June 23, 2010

Sotheby’s Newest Cover Boy: Adam Lindemann

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On a recent visit to Sotheby’s I nabbed a copy of  Sotheby’s At Auction, essentially a glossy advertorial for upcoming auction property with a few articles sprinkled in the mix.

The cover features collector Adam Lindemann, photographed at home in New York, surrounded by contemporary and tribal art. Also prominently displayed is Lindemann’s green and purple faced watch, which I am guessing is probably a Marc Newson designed Ikepod–a brand Lindemann got involved with in 2005.

The cover story focuses on tribal collectors Lindemann as well as South African artist and collector Karel Nel and German collector Peter Henle.


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Friday, June 18, 2010

Collectors Debut Paris Exhibition Space

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Here’s a story I wrote for the Art Newspaper on French collectors Steve and Chiara Rosenblum and their new contemporary art exhibition space. The venue is slated to open in Paris this fall.

Link to story here.


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Monday, June 7, 2010

Bloomberg News: Hedge Fund Player Dumps Finance Job to Guide, Invest in Artists

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Link to Bloomberg story here.

Interview by Lindsay Pollock

June 4 (Bloomberg) — Hedge-fund investor James R. Hedges IV mingled with assorted Bronfmans, Gunds, Sacklers and several hundred other art-world notables at a fundraiser this week, munching the canapes at Manhattan’s Four Seasons Restaurant.

The goal was $1 million to help restore a pair of modernist houses owned by the National Trust for Historic Preservation. Yet Hedges, 42, was more than a patron.

Earlier this year, the former president and chief investment officer of LJH Global Investments LLC said goodbye to 18 years in finance to focus on producing, promoting and advising on art. A longtime collector and museum patron, involved with London’s Tate Modern, New York’s Museum of Modern Art and other institutions, he is now putting his insider’s experience to work.

“I’m pragmatic about viewing art as a financial asset,’’ Hedges said in an interview this week. “I see it as an inefficient market that is misunderstood, that has got little in the way of transparency and limitations in the way business is conducted. But with all that being said, people can make a tremendous amount…


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Wednesday, May 19, 2010

Art Cuts: Peter Brant Discusses New Urs Fischer Show

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Click here to watch video.

Peter Brant has given Swiss artist Urs Fischer the run of his bucolic Greenwich, Connecticut-based Brant Foundation Art Study Center, resulting in an irreverent, cunning portrait of the collector. Using wallpaper and wax, Fischer raises poignant questions about mortality, reproduction and the very nature of art accumulation.

Brant’s reputation as a longtime collector is well known, but there was still something startling about standing in a two dimensional likeness of his home, filled with so many expensive artworks, reduced to flat copies.  The wallpaper piece, which reproduces Brant’s Warhols and Lichtensteins, alongside shelves arrayed with art books, family photos and silver polo trophies, is pointedly titled “Abstract Slavery.”

To further the point, Brant’s waxy likeness, a life-size human candle, melts amid the material trophies.

Though I couldn’t get an credible explanation from Fischer’s dealer Gavin Brown or Brant or anyone else about the show’s ironic Oscar the Grouch title, the squat green Muppet is best known for his compulsive hoarding of trash.

This is a show well worth seeing. It’s open by appointment through Spring 2011. (To schedule an appointment, email…


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