Pablo Picasso - Indian Art News https://indianartnews.visionsarts.com News on Modern and Contemporary Indian Art presented by Visions Art Fri, 07 Nov 2008 05:05:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://i0.wp.com/indianartnews.visionsarts.com/wp-content/uploads/2017/10/cropped-Visions-Art.png?fit=32%2C32&ssl=1 Pablo Picasso - Indian Art News https://indianartnews.visionsarts.com 32 32 136536861 Financial crisis puts chill in Asian art https://indianartnews.visionsarts.com/financial-crisis-puts-chill-in-asian-art/ https://indianartnews.visionsarts.com/financial-crisis-puts-chill-in-asian-art/#respond Fri, 07 Nov 2008 05:05:00 +0000 http://indianartnews.info/financial-crisis-puts-chill-in-asian-art/ By James Pomfret HONG KONG (Reuters) – Down a quiet Hong Kong lane beside the century-old masonry of a colonial-era prison, the 10 Chancery Lane Gallery is abuzz as …

The post Financial crisis puts chill in Asian art first appeared on Indian Art News.

]]>
By James Pomfret

HONG KONG (Reuters) – Down a quiet Hong Kong lane beside the century-old masonry of a colonial-era prison, the 10 Chancery Lane Gallery is abuzz as staff hang bright, bold canvasses and hand-painted photos by three female Indian artists.

The past few years have been golden for hundreds of such modish art galleries and antiques dealers dotted about Hong Kong island’s jumbled streets, swept along by the Asian art craze and its hip allure with buyers in the region and beyond.

Glitzy art fairs sprang up across Asia, from Shanghai to Tokyo, while records tumbled for contemporary artists such as India’s Subodh Gupta, China’s Zeng Fanzhi and Indonesia’s I Nyoman Masriadi.But now with the financial gloom, many galleries are bracing for a painful slump as the disposable income of the city’s bankers, businessmen and middle-class professionals shrink.

“We haven’t seen any downturn in our business but we are seeing it in the auctions, and we expect it to happen,” said Katie de Tilly, the owner of the 10 Chancery Lane gallery which will halve its number of shows this year given the bleak outlook.
“If you are investing in art, have your eyes open, very open right now because I can see things coming down in a big way.”

CRACKS
While some galleries with their patient stabling of loyal artists and diversified client base have yet to be badly burned, the high-profile art auction market is showing serious strain for both Western and Asian art.

Sotheby’s auction of Impressionist and modern art in New York earlier this week fell far short of the $338 million to $475 million that had been expected, as buyers swooped for rare masterpieces but stayed away from lesser works that were generally seen as unrealistically overpriced.

At Sotheby’s autumn Asian sales in Hong Kong, seen as a key biannual barometer of market sentiment, the firm only managed to hammer off around half its expected total, with auction rooms stricken by large numbers of unsold lots.Sotheby’s weak showing seemed to mark a symbolic turning point for the seemingly unstoppable Chinese art market, which has skyrocketed these past four years, particularly the works of star artists such as Zhang Xiaogang, Yue Minjun and Cai Guoqiang.

Some experts say the less established reputations of Asian artists versus timeworn western masters make major record-breaking results unlikely at the current time, but their much cheaper valuations make such artists attractive for buyers seeking long run returns.
Chinese art website Artron.net showed a 14 percent fall in its Chinese contemporary art index this autumn compared with the spring, while its benchmark index of 400 top Chinese artists showed a 28 percent decline for the same period.

Much attention is now focused on the next major auction of Asian art by Christie’s in late November, with the auction house moderating its usual bullish optimism with a more prudent line.

“It’s a volatile period, pricing is going to fluctuate and we really need to be careful about estimates,” said Andy Foster, Christie’s Asia President.

“And we need to encourage sellers to agree to reasonable estimates and also to be generous to allow buyers to pay, extra time if possible,” he added.

Others however go further.

Mei Jianping, a academic who created the Fine Art index, a widely cited measure of mostly Western art market performance, said the contemporary art market could plunge by 50 percent.

“There was a bubble worldwide, not just in Chinese contemporary art, but western contemporary art as well … but now, the air has been really sucked out, so you’ll see a significant cooling down of the market,” Mei told Reuters.

POSITIVE
Yet for some gallery owners, the headwinds in Chinese and Western art are being seen as a blessing in disguise.

“I always try and be positive,” said Nicole Schoeni, owner of the pioneering Schoeni gallery, one of the first in Hong Kong to promote contemporary Chinese artists such as Yue Minjun in the 90’s.

“People are starting to come back down to earth, whether it’s the speculative collectors or the artists themselves, and I think ultimately it needed a correction of some sort,” she added.
The Opera Gallery group which runs a global chain of galleries in Europe, Asia and the U.S. isn’t deterred by the downturn and will expand to fresh sites in Dubai and Geneva.
“As we specialize in a range of art from old masters like Picasso and Chagall to rising artists from Europe, Asia and America, we are not as susceptible to economic volatility,” said Stephane Le Pelletier, its Asia Pacific director in Singapore.

For Bangalore-based video artist Surekha whose works delve into Indian identity and womanhood, the art boom has brought perks including her biggest single pay-check of $27,000 for a work sold at a 2005 Sotheby’s auction.

While she says some Indian artists have been pressured by the market spotlight, the downturn for her irrelevant.

“We know the no-money days and the money days,” the diminutive and bubbly 42-year-old said with a laugh.

“We can still make work, so it doesn’t really matter.”

(Additional reporting by Melanie Lee in Singapore; editing by Megan goldin)

The post Financial crisis puts chill in Asian art first appeared on Indian Art News.

]]>
https://indianartnews.visionsarts.com/financial-crisis-puts-chill-in-asian-art/feed/ 0 575
Third wobbly night for Impressionist art auctions https://indianartnews.visionsarts.com/third-wobbly-night-for-impressionist-art-auctions/ https://indianartnews.visionsarts.com/third-wobbly-night-for-impressionist-art-auctions/#respond Fri, 07 Nov 2008 05:04:00 +0000 http://indianartnews.info/third-wobbly-night-for-impressionist-art-auctions/ By Christopher MichaudNEW YORK, Nov 6 (Reuters) – Impressionist and modern art stumbled again on Thursday when Christie’s $147 million auction fell well short of estimates, most of which …

The post Third wobbly night for Impressionist art auctions first appeared on Indian Art News.

]]>
By Christopher Michaud
NEW YORK, Nov 6 (Reuters) – Impressionist and modern art stumbled again on Thursday when Christie’s $147 million auction fell well short of estimates, most of which were set before the crisis gripping world financial markets.
Seeking to put a positive spin on the result, Christie’s honorary chairman Christopher Burge noted that its “$200 million (over two nights) in this climate of financial turmoil” indicated “there is still a great deal of money left for the art market.”
The auction was the third this week to fall below expectations, starting with an auction at rival Sotheby’s (BID.N: Quote, Profile, Research, Stock Buzz) on Monday followed by Christie’s “Modern Age” sale on Wednesday.
While Thursday’s auction did see some high points, notably Juan Gris’ “Livre, pipe et verres” which fetched $20.8 million, beating its high estimate and breaking the artist’s record, Burge said the outcome was “obviously a reduced level, and we have to recognize that.”
Christie’s sale moved 56 percent of the 82 lots on offer, falling some $100 million short of its low pre-sale estimate.
“Obviously in the future we will have to lower estimates,” said Burge, who also served as auctioneer.
But he contrasted the fall-off with the last one in 1991, when art prices plummeted during a weak economy. This time, he said, all types of markets were feeling the heat.
The auction houses have been working with sellers in recent weeks to adjust their expectations and lower their reserves — the secret minimum price at which they will sell.
In cases where works were bid to just below the low estimates and still went unsold, Burge explained the consignors were “happy to hold onto their works” if they could not get their price.
But two Picassos that were among the top-estimated lots at $15 million to $20 million, and $10 million to $15 million, went unsold when no one bid even remotely near the low estimates.
Bargain hunters scored some good buys including an Henri Fantin-Latour painting of a basket of dahlias that sold for about half its $1.5 million estimate.
Strong prices were achieved for a few works, including Picasso’s “Deux personnages,” which sold for $18 million and met its low estimate, and Kandinsky’s “Studie zu Improvisation 3,” which beat its low estimate and fetched $16.9 million including Christie’s commission.
Works by Caillebotte and Cezanne also fell within their estimate range, fetching $8.5 million and $7.9 million respectively.
The auctions continue next week when Sotheby’s and Christie’s hold their contemporary and post-war art sales. The biggest price spikes in the art world have come in that market, which analysts said could leave it even more vulnerable to a correction.
(Editing by Philip Barbara)

The post Third wobbly night for Impressionist art auctions first appeared on Indian Art News.

]]>
https://indianartnews.visionsarts.com/third-wobbly-night-for-impressionist-art-auctions/feed/ 0 576
From Miro to Warhol: The Berardo Collection in Paris at Musée du Luxembourg https://indianartnews.visionsarts.com/from-miro-to-warhol-the-berardo-collection-in-paris-at-musee-du-luxembourg/ https://indianartnews.visionsarts.com/from-miro-to-warhol-the-berardo-collection-in-paris-at-musee-du-luxembourg/#respond Thu, 16 Oct 2008 04:53:00 +0000 http://indianartnews.info/from-miro-to-warhol-the-berardo-collection-in-paris-at-musee-du-luxembourg/ Jean (Hans) Arp, Sans titre, vers 1926. Huile sur bois, 75 x 106 cm. Musée Collection Berardo, Lisbonne. Crédit photographique : DR – © ADAGP, Paris, 2008. PARIS.- José …

The post From Miro to Warhol: The Berardo Collection in Paris at Musée du Luxembourg first appeared on Indian Art News.

]]>
Jean (Hans) Arp, Sans titre, vers 1926. Huile sur bois, 75 x 106 cm. Musée Collection Berardo, Lisbonne. Crédit photographique : DR – © ADAGP, Paris, 2008.

PARIS.- José Berardo, born in 1944 on the island of Madeira, is one of the biggest Portuguese entrepreneurs. Barely aged 19, he emigrated to South Africa where he made a fortune working in various fields (goldmining, wine, banking, telecommunications). He came back to Portugal in 1986 and started gathering one of the most interesting collections of modern and contemporary art in Europe, which he continues augmenting.
An eclectic and ambitious collector, José Berardo was eager to share his collection with a wide audience. Two years ago, he signed a partnership with the Portuguese state, just like the one that was established in Madrid for the Thyssen collection: 862 works are on deposit for ten years in a museum bearing his name, in the Belém Cultural Centre, in Lisbon. After those ten years, the state will benefit from an exclusive purchasing option.
Since it opened some twelve months ago, the Berardo Collection Museum has attracted more than 400,000 visitors. It boasts a very dynamic policy of acquisitions and temporary exhibitions.
Examples of such private generosity toward the public are few and far between. Gathering more than 500 artists who all contributed to the evolution of modern art from 1900 to the present day, this collection allows visitors to “experience the twentieth century”, in the collector’s own words. Those works came to fill in the gaps in the collections of Portuguese museums (their acquisition policy had been restricted by the dictatorship which lasted until 1974).
When the new museum opened to the public in June 2007, Prime Minister José Sócrates hailed the international dimension of this exceptional initiative: “The European path of modern art used to go no further than Madrid. From now on, it starts from here”.
The seventy-four works on display in the Musée du Luxembourg correspond to five major artistic movements in the twentieth century: Surrealism (Miró, Dali, Ernst, Breton…), one of the strong points of the pre-1945 collection; abstraction from 1910 to the immediate post-war period (Mondrian, Tanguy, Arp…); Europe vs. America in the 1960s, with Nouveau Réalisme and Pop Art (Warhol, Klein, Soulages, Mitchell…) ; post-1945 plastic explorations (Riopelle, Schnabel, Stella…).
The first section brings together eclectic works, to capture the spirit of the collection and José Berardo’s passion for art: Pablo Picasso’s Head of a Woman (circa 1909) is shown next to Jackson Pollock’s Head (1938-41) and Karel Appel’s Jump Into Space (1953). Francis Gruber’s Sitting Nude with Green Chair (1944) meets Eugène Leroy’s Standing Nude (1958) and Germaine Richier’s Big Manta (1946-51). A 1914 landscape by Amadeo de Souza-Cardoso, the greatest Portuguese painter of the early twentieth century, confronts a 1953 landscape by Nicolas de Staël. Portrait painting is represented with Balthus’ Portrait of a Woman in a Blue Dress (1935).
The second sequence is devoted to Surrealism, one of the collection’s fortes, with an evocation of the Dada movement and the origins of Surrealism. The selected works survey the trend’s main representatives and their sources of inspiration: Man with Candle (1925) by Joan Miró, Black Landscape (1923) and Shell-Flowers (1929) by Max Ernst, Le Gouffre argenté by René Magritte (1926), The Invincible Cohort (1928) by Giorgio de Chirico, Woman Attacked by Birds (1943) by André Masson , The Ice Knight (1938) by Victor Brauner, The Spinning Top (1956) by Hans Bellmer, The Encounter (1936) by Jacques Hérold, The Couple (1937) by Óscar Dominguez, Man Ray Café (1948) by Man Ray, Lunguanda Yembe (1950) by Wifredo Lam, and The Café de la Marine (circa 1930) by Pierre Roy.
Next, visitors will find a “curiosity cabinet” gathering a Salvador Dali artefact (Aphrodisiac White Telephone, 1936), a folding screen painted by Yves Tanguy (The Firmament, 1932), a “box” by Joseph Cornell (Hôtel de l’Etoile, 1956), drawings by Victor Brauner, Joan Miró, Julio González and Roberto Matta, and a 1933 Cadavre Exquis associating André Breton, Valentine Hugo, Tristan Tzara and Greta Knutson. This ensemble is indicative of the manifold Surrealism’s plastic manifestations. A transition toward the next section is managed with two paintings by Jean [Hans] Arp (Untitled, circa 1926, and Feuilles placées selon les lois du hasard, 1937) and a drawing by Arshile Gorky (a study for Bull in the Sun, 1942).
The third section shows the various trends in European geometric abstraction between the wars. Drawings by Georges Vantongerloo (Studies II, 1918) and by Liubov Sergeievna Popova (Composition, 1917) illustrate the birth of the movement, De Stijl for the Dutch artist and Suprematism for the Russian painter. A second work by the Portuguese Amadeo de Souza-Cardoso, Pelas Janelas (Desdobramento – Intersacção), 1914, is indicative of his radical evolution toward abstraction. The display is centred on Piet Mondrian’s Composition with Yellow, Black, Blue, Red and Grey (1923), hanging next to Composition #28 (1930), a painting by Jean Gorin, whom Mondrian considered “France’s only neo-plastician”. Around those two works, paintings and drawings illustrate various trends, from Giacomo Balla’s Futurism (Untitled, 1929) to Max Bill’s experiment with “concrete art” (Progression in Six Steps, 1942-43). Several movements are shown in sequence: the “Circle and Square” association, the “Concrete Art” group or the “Abstraction-Creation” association are represented by Victor Servranckx (Composition, 1923), Marcelle Cahn (Abstract Composition, 1925), Amédée Ozenfant (Composition with Decanter, 1926-30), Ben Nicholson (Painting, Cadmium Red, Lemon and Cerulean, 1936), Robert Delaunay (Reliefs; Rhythms, 1932), Carl Buchheister (Diagonalkomposition 332r Fahne, 1932), Jean Hélion (Equilibrium, 1934) and Làszlo Moholy-Nagy (CH XIV, 1939). An ebony sculpture by Georges Vantongerloo (S X R, 1936) proves that most of these painters were also interested in applied arts and architecture.
American Pop Art and French “Nouveau Réalisme” are on view in the next section. The 1960s Europe vs. America confrontation has particularly interested the collector. Nouveau Réalisme is represented with works by Yves Klein (IKB 103, 1956) and Lucio Fontana (Concetto spaziale, 1960); torn posters by Jacques Villeglé (Libération, 1964) are displayed next to Mimmo Rotella’s Lava Bene (1963). Pop Art is present through works by Robert Indiana (Black Diamond American Dream #2, 1962), Andy Warhol (Campbell’s Soup Can, 1965 and Ten-Foot Flowers, 1967), Tom Wesselmann (Great American Nude #52, 1963), Allan D’Arcangelo (Self-Portrait, Smoke Dream, 1963) and Roy Lichstentein (Mirror #1, 1971), beside a Jean Tinguely sculpture (Indian Chief, 1961) and one of Louise Nevelson’s golden “furniture- sculptures” (Royal Tide – Dawn, 1960).
The last section surveys though partially significant post-war experiments. Geometric abstraction is embodied by Portuguese painter Maria Helena Vieira da Silva (Composition, 1948), then by Victor Vasarely (Bellatrix II, 1957), until the more and more “minimal” forms by Ad Reinhardt (Abstract Painting, 1962) and Joseph Albers (study for Homage to the Square: Blond Autumn, 1964). Lyrical abstraction and gestural painting are shown in parallel, with Jean-Paul Riopelle’s Orange Abstraction (1952), Pierre Soulages’ Painting, 10 November 1963 (1963) and Joan Mitchell’s Lucky Seven (1962).
The exhibition ends with a big geometric Frank Stella, Hagamatana II (1967), which is more than 4,50 m. long. On the last wall of the room, the human figure reappears: to an uncanny portrait by Portuguese painter Lourdes Castro (Sombra projectada, 1964) answers Julian Schnabel’s vehement Portrait of Jacqueline (1984), the only work deliberately chosen to go the 1960s limit retained for this project. This latter work shows that painters never stop experimenting, while, at the same time, bearing witness to the richness of José Berardo’s collection, which also includes a large section of contemporary art.
Finally, a monumental bronze sculpture by César, Homage to Léon (1964), stands on the museum’s patio.

The post From Miro to Warhol: The Berardo Collection in Paris at Musée du Luxembourg first appeared on Indian Art News.

]]>
https://indianartnews.visionsarts.com/from-miro-to-warhol-the-berardo-collection-in-paris-at-musee-du-luxembourg/feed/ 0 593