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Subject: May Is Getting Very Big
From: Artelligence <artelligence@substack.com>
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View this post on the web at https://artelligence.substack.com/p/may-is-get=
ting-very-big
Welcome to the Artelligence newsletter
This is the new home for news and analysis of the global art market from Ar=
t Market Monitor and LiveArt. Combined with our Artelligence podcast [ http=
s://substack.com/redirect/ae45b611-e680-4659-8bd1-242e0df76e21?j=3DeyJ1Ijoi=
MjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ], it offers a uniq=
ue perspective on the global art market.
The newsletter comes out every Friday with What We Learned this Week. Depen=
ding on the art market calendar or news cycle, you will receive other email=
s from this account on an irregular basis.
We are eager to hear from you. If you have questions, tips or suggestions f=
or coverage, contact us here [ mailto:maneker@artmarketmonitor.com ]. Feel =
free to forward the email to anyone you think would like to subscribe.
In This Issue
Lot Watch: Jean-Michel Basquiat, El Gran Espectaculo (The Nile) at Christie=
=E2=80=99s; Yoshitomo Nara, Haze Days at Sotheby=E2=80=99s; Agnes Pelton, T=
he Fountain at Christie=E2=80=99s
Deep Cuts: Winfred Rembert at Swann and Hauser + Wirth
Openings: Lauren Halsey at the Met; LGDR gets back; de Chirico=E2=80=99s ho=
rses; Carmen Herrera=E2=80=99s days; and David Salle is self-contained
Results: Christie=E2=80=99s Corporate Print Collection =3D $13.4m
Lot Watch
Basquiat=E2=80=99s Untitled (History of the Black People) at Christie=E2=80=
=99s
Christie=E2=80=99s announced this morning that it would sell Jean-Michel Ba=
squiat, El Gran Espectaculo (The Nile), during its 21st Century Evening Sal=
e on Monday, May 15, 2023. The estimate is unpublished but the work is expe=
cted to make more than $45 million. The work comes from the collection of V=
alentino Garavani who sold In This Case [ https://substack.com/redirect/8c5=
6c937-7f28-4d0a-a22e-200d07075697?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpi=
srMe5iRnigHXx6Fx_g6pp7gWdY ] from 1983 for $93 million two years ago [ http=
s://substack.com/redirect/8c56c937-7f28-4d0a-a22e-200d07075697?j=3DeyJ1Ijoi=
MjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ].=20
Agnes Pelton Rises
Agnes Pelton, The Fountains (1926) estimated at $1.5 million
Recognition of Agnes Pelton=E2=80=99s work has grown dramatically over the =
last several years. Loie Hollowell recently included several of her works i=
n a show she curated with Harminder Judge at Pace titled Love Letter. In Lo=
s Angeles, Pelton=E2=80=99s work was featured in Another World: The Transce=
ndental Painting Group, 1938-1945 at LACMA. Before that, the Whitney held a=
retrospective of her work in 2020. That crossover interest has resulted in=
Christie=E2=80=99s offering The Fountains from 1926 in their 20th Century =
Evening sale on May 11th. The painting, which was included in the Whitney e=
xhibition, is estimated at $1.5 million, a huge jump from any previous auct=
ion result for the artist.=20
That Nara Story Continues at Sotheby=E2=80=99s
Yoshitomo Nara, Haze Days (1998) expected to make $12 million or more
Following Sotheby=E2=80=99s success in Hong Kong with Yoshitomo Nara=E2=80=
=99s In the Milky Lake from 2012 making $12.8 million and Light Haze Days f=
rom 2020 selling for $11.9 million, the auction house has announced Haze Da=
ys from 1998 to lead The Now sale on May 18th in New York. The lot is offer=
ed with it=E2=80=99s estimate upon request but the house hopes to see $12 m=
illion or more for the work.=20
Deep Cuts
Two works by Winfred Rembert=E2=80=94Jeff=E2=80=99s Pool Room and Doll=E2=
=80=99s Head Baseball=E2=80=94were sold at Swann Galleries earlier this mon=
th for the same sum, $149,000. The sales come after Christie=E2=80=99s sold=
The Black Cat in January for $302,400. At the same time, Hauser + Wirth, w=
ho represents the artist=E2=80=99s estate in conjunction with Fort Gansevoo=
rt, had an exhibition (closing Saturday) titled [ https://substack.com/red=
irect/b020afc8-e53a-4f6f-9855-d1ec5008fbfe?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c=
1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ]All of Me [ https://substack.com/redir=
ect/b020afc8-e53a-4f6f-9855-d1ec5008fbfe?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d=
0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ]. One of the goals of the Hauser + Wirth=
show, according to Koji Inoue, was to =E2=80=9Cdiversify the landscape of =
owners=E2=80=9D for the self-taught artist who only began making his distin=
ctive paint-on-leather images in his early fifties. Rembert=E2=80=99s work =
recalls scenes of his early life in Georgia where he was jailed for his par=
ticipation in Civil Rights protests and survived a near lynching. Rembert l=
earned to work with leather while serving seven years in the Georgia prison=
system. Asking prices ranged from $90,000 to $400,000=E2=80=94and there ha=
sn=E2=80=99t been a problem getting the work in the right collections. When=
Inoue says he=E2=80=99s diversifying the collector base, he means selling =
work to institutions (one of the Swann works is rumored to have been bought=
by an American museum) and Contemporary art collectors in the US and abroa=
d where Inoue is planning his next show of Remberts.=20
Openings
Lauren Halsey=E2=80=99s the eastside of south central los angeles hieroglyp=
h prototype architecture (I) (The Metropolitan): Lauren Halsey=E2=80=99s =
installation on the roof of the Metropolitan Museum is, in the words of [ =
https://substack.com/redirect/7b34e76b-5772-4560-8e6e-4eba8966274a?j=3DeyJ1=
IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ]New York Times=
[ https://substack.com/redirect/7b34e76b-5772-4560-8e6e-4eba8966274a?j=3De=
yJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ] critic Hol=
land Cotter [ https://substack.com/redirect/7b34e76b-5772-4560-8e6e-4eba896=
6274a?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ]=
, =E2=80=9Can architectural mothership packed with a cargo of ideas and ima=
ges encompassing eons of Black American life.=E2=80=9D At the same time, th=
e artist has signed with WME while continuing to be represented by David Ko=
rdansky [ https://substack.com/redirect/461f0c3a-45b3-4877-8697-1bdf42f4a3e=
3?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ].=20
REAR VIEW (LGDR): They=E2=80=99re back! The recently formed LGDR has opened=
a new gallery in a familiar space on East 64th Street in Manhattan. The sh=
ow opened Tuesday night with works by more than 30 artists. The conceit is =
depictions from behind but includes a number of works in =E2=80=9Ca pendant=
presentation=E2=80=9D of nudes called Full Frontal. =20
Giorgio de Chirico, Horses: Death of a Rider (Vito Schnabel): Schnabel=E2=
=80=99s personal affection for de Chirico prompts a show of 16 of the artis=
t=E2=80=99s paintings depicting horses that epitomize his embrace of Classi=
cism.
Carmen Herrara, Days of the Week (Lisson Gallery Los Angeles) Lisson opens =
its LA branch with a show of Carmen Herrera=E2=80=99s =E2=80=9Cseven painti=
ngs that evoke the distinctive character of each day.=E2=80=9D=20
Beautiful, Vivid, Self-contained, curated by David Salle (Hill Art Foundati=
on): Artist David Salle had some fun with works from the Hill Art Foundatio=
n and some loans to answer questions like, =E2=80=9CWhat is the psychic map=
ping that undergirds a pictorial attitude, and how can we recognize it?=E2=
=80=9D
Results
The Sale of the Century: An Important Corporate Collection of Prints and Mu=
ltiples (Christie=E2=80=99s) =3D $13.4 million
Christie=E2=80=99s rare evening sale of prints and multiples from an unname=
d corporate collection was an interesting inflection point in the still rag=
ing print market. The top lot was a rare example of Barnett Newman=E2=80=99=
s lithograph 18 Cantos estimated at $2 million and sold with fees for $2.1 =
million. That=E2=80=99s essentially the price one of the 30 sets sold for 1=
5 years ago, the last time one appeared at auction. Newman=E2=80=99s stock =
may not be as strong these days but other artists saw good prices. A set of=
Andy Warhol=E2=80=99s Flowers from a larger edition of 250 plus 26 APs mad=
e $2.4 million. That=E2=80=99s basically the low estimate but still $1 mill=
ion more than any other set of Flowers has sold for previously. Jasper John=
s=E2=80=99s Color Numeral Series from 1969 made $819,000, a far cry from th=
e $1.4 million paid for another complete set sold two years ago [ https://s=
ubstack.com/redirect/9021057c-f41f-4a22-a9b5-b298b7b2df9c?j=3DeyJ1IjoiMjdjZ=
XI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY ] but substantially abov=
e the price paid two years before that. The difference? The $1.4 million wa=
s achieved during the marquee auctions. Marketing matters. David Hockney is=
another prominent artist known for his multiples. A Rake=E2=80=99s Progres=
s from 1961-63 was sold for $541,800. The last complete set to sell at auct=
ion sold for under $20,000 six years ago. Henri Matisse=E2=80=99s Jazz set =
made $630,000 which is comparable to recent sales. How much farther the mul=
tiples market can go is an interesting question.
Unsubscribe https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9hcnRlbGxpZ2V=
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</style></head><body class=3D"email-body" style=3D"font-kerning: auto;"><im=
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sentation" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" =
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role=3D"presentation" width=3D"auto" border=3D"0" cellspacing=3D"0" cellpa=
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80 !important; font-family: SF Pro Text, -apple-system, BlinkMacSystemFont,=
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href=3D"https://open.substack.com/pub/artelligence/p/may-is-getting-very-b=
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ation" width=3D"auto" class=3D"header graphic-header" style=3D"border-spaci=
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sFreemail=3Dtrue&token=3DeyJ1c2VyX2lkIjoxMzMyNjg2NjEsInBvc3RfaWQiOjExNTcwND=
gxNywiaWF0IjoxNjgxOTMyNjgyLCJleHAiOjE2ODQ1MjQ2ODIsImlzcyI6InB1Yi0yMjU5Iiwic=
3ViIjoicG9zdC1yZWFjdGlvbiJ9.voJoCJtxxfF0cpNQIneenCgbgMcTaHN8wZXMtpRHEe0" st=
yle=3D"color: #404040; text-decoration: none;">May Is Getting Very Big</a><=
/h1><h3 class=3D"subtitle" style=3D"-moz-osx-font-smoothing: subpixel-antia=
liased; -webkit-font-smoothing: subpixel-antialiased; color: #808080; font-=
family: 'SF Compact Display', -apple-system, BlinkMacSystemFont, 'Segoe UI'=
, Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoj=
i', 'Segoe UI Symbol'; font-size: 18px; font-weight: normal; line-height: 2=
4px; margin: 4px 0 0; margin-top: 12px;">A major Basquiat from Valentino + =
Agnes Pelton's Evening sale debut + Christie's Big Print Sale</h3><table ro=
le=3D"presentation" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpaddi=
ng=3D"0" class=3D"post-meta" style=3D"align-items: center; height: 20px; ma=
rgin: 1em 0;"><tbody><tr><td><table role=3D"presentation" width=3D"auto" bo=
rder=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tbody><tr><td><table role=
=3D"presentation" width=3D"auto" border=3D"0" cellspacing=3D"0" cellpadding=
=3D"0"><tbody><tr><td style=3D"vertical-align: middle;"><div class=3D"front=
end-pencraft-Text-module__reset--20JLV frontend-pencraft-Text-module__size-=
11--1-ofT frontend-pencraft-Text-module__line-height-20--1soeQ frontend-pen=
craft-Text-module__weight-medium--aTbx5 frontend-pencraft-Text-module__font=
-meta--2i-cR frontend-pencraft-Text-module__color-primary--2I-sF frontend-p=
encraft-Text-module__transform-uppercase--38jbr frontend-pencraft-Text-modu=
le__meta--3RRSj custom-css-email-post-author" style=3D"color: #404040; font=
-family: 'SF Compact', -apple-system, -apple-system, -system-ui, BlinkMacSy=
stemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Em=
oji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 11px; font-weight: 50=
0; letter-spacing: .2px; line-height: 20px; margin: 0; text-decoration: uns=
et; text-transform: uppercase;"><a href=3D"https://substack.com/profile/735=
466-marion-maneker" style=3D"color: #404040; font-family: 'SF Compact', -ap=
ple-system, -apple-system, -system-ui, BlinkMacSystemFont, 'Segoe UI', Robo=
to, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'S=
egoe UI Symbol'; font-size: 11px; font-weight: 500; letter-spacing: .2px; l=
ine-height: 20px; margin: 0; text-decoration: none; text-transform: upperca=
se;" class=3D"frontend-pencraft-Text-module__reset--20JLV frontend-pencraft=
-Text-module__size-11--1-ofT frontend-pencraft-Text-module__line-height-20-=
-1soeQ frontend-pencraft-Text-module__weight-medium--aTbx5 frontend-pencraf=
t-Text-module__font-meta--2i-cR frontend-pencraft-Text-module__color-primar=
y--2I-sF frontend-pencraft-Text-module__transform-uppercase--38jbr frontend=
-pencraft-Text-module__meta--3RRSj">Marion Maneker</a></div></td></tr></tbo=
dy></table></td></tr><tr><td><table role=3D"presentation" width=3D"auto" bo=
rder=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tbody><tr><td style=3D"vert=
ical-align: middle;"><div class=3D"frontend-pencraft-Text-module__reset--20=
JLV frontend-pencraft-Text-module__size-11--1-ofT frontend-pencraft-Text-mo=
dule__line-height-20--1soeQ frontend-pencraft-Text-module__weight-medium--a=
Tbx5 frontend-pencraft-Text-module__font-meta--2i-cR frontend-pencraft-Text=
-module__color-secondary--XjVGl frontend-pencraft-Text-module__transform-up=
percase--38jbr frontend-pencraft-Text-module__meta--3RRSj" style=3D"color: =
#808080; font-family: 'SF Compact', -apple-system, -apple-system, -system-u=
i, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'A=
pple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 11px; fo=
nt-weight: 500; letter-spacing: .2px; line-height: 20px; margin: 0; text-de=
coration: unset; text-transform: uppercase;"><time datetime=3D"2023-04-19T1=
9:30:53.107Z">Apr 19</time></div></td></tr></tbody></table></td></tr></tbod=
y></table></td></tr></tbody></table><table role=3D"presentation" width=3D"1=
00%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" class=3D"email-ufi-2-=
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ont-size: 0px; line-height: 0;"> </td></tr><tr><td><table role=3D"pres=
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rder: none !important; display: inline-block; height: auto; margin: -2px 8p=
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on static"><span style=3D"text-decoration: none;">Subscribe</span></a></p><=
/div><div style=3D"font-size: 16px; line-height: 26px;"><hr style=3D"backgr=
ound: #e0e0e0; border: none; height: 1px; margin: 32px 0; padding: 0;"></di=
v><p style=3D"color: #404040; font-size: 16px; line-height: 26px; margin: 0=
0 20px 0;"><strong>In This Issue</strong></p><ol style=3D"margin-top: 0; p=
adding: 0;"><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-sizing: bor=
der-box; color: #404040; font-size: 16px; line-height: 26px; margin: 0; mar=
gin-bottom: 0; padding-left: 4px;"><strong>Lot Watch: </strong><span>Jean-M=
ichel Basquiat, </span><em>El Gran Espectaculo (The Nile) </em><span>at Chr=
istie’s</span><em>; </em><span>Yoshitomo Nara, </span><em>Haze Days</=
em><span> at Sotheby’s;</span><strong> </strong><span>Agnes Pelton, <=
/span><em>The Fountain </em><span>at Christie’s</span></p></li><li st=
yle=3D"margin: 8px 0 0 32px;"><p style=3D"box-sizing: border-box; color: #4=
04040; font-size: 16px; line-height: 26px; margin: 0; margin-bottom: 0; pad=
ding-left: 4px;"><strong>Deep Cuts:</strong><span> Winfred Rembert at Swann=
and Hauser + Wirth</span></p></li><li style=3D"margin: 8px 0 0 32px;"><p s=
tyle=3D"box-sizing: border-box; color: #404040; font-size: 16px; line-heigh=
t: 26px; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong>Openings:=
</strong><span>Lauren Halsey at the Met; LGDR gets back; de Chirico’=
s horses; Carmen Herrera’s days; and David Salle is self-contained</s=
pan></p></li><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-sizing: bo=
rder-box; color: #404040; font-size: 16px; line-height: 26px; margin: 0; ma=
rgin-bottom: 0; padding-left: 4px;"><strong>Results:</strong><span> Christi=
e’s Corporate Print Collection =3D $13.4m</span></p></li></ol><div st=
yle=3D"font-size: 16px; line-height: 26px;"><hr style=3D"background: #e0e0e=
0; border: none; height: 1px; margin: 32px 0; padding: 0;"></div><h2 class=
=3D"header-with-anchor-widget" style=3D"-moz-osx-font-smoothing: subpixel-a=
ntialiased; -webkit-font-smoothing: subpixel-antialiased; color: #404040; f=
ont-family: 'SF Compact Display', -apple-system, BlinkMacSystemFont, 'Segoe=
UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI =
Emoji', 'Segoe UI Symbol'; font-size: 1.625em; font-weight: bold; line-heig=
ht: 1.16em; margin: 1em 0 0.625em 0; position: relative;">Lot Watch</h2><h4=
class=3D"header-with-anchor-widget" style=3D"-moz-osx-font-smoothing: subp=
ixel-antialiased; -webkit-font-smoothing: subpixel-antialiased; color: #404=
040; font-family: 'SF Compact Display', -apple-system, BlinkMacSystemFont, =
'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Seg=
oe UI Emoji', 'Segoe UI Symbol'; font-size: 1.125em; font-weight: bold; lin=
e-height: 1.16em; margin: 1em 0 0.625em 0; position: relative;">Basquiat=
217;s Untitled (History of the Black People) at Christie’s</h4><div c=
lass=3D"captioned-image-container-static" style=3D"font-size: 16px; line-he=
ight: 26px; margin: 32px auto;"><figure style=3D"margin: 0 auto; width: 100=
%;"><table class=3D"image-wrapper" width=3D"100%" border=3D"0" cellspacing=
=3D"0" cellpadding=3D"0" style=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><tr=
><td style=3D"text-align: center;"></td><td align=3D"left" class=3D"content=
" width=3D"980" style=3D"text-align: center;"><a class=3D"image-link" targe=
t=3D"_blank" href=3D"https://substack.com/redirect/adcda5c3-07bc-49c0-8b2b-=
7a2fd4fd3b2d?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp=
7gWdY" rel=3D"" style=3D"align-items: center; border: none; display: block;=
flex-direction: column; height: auto; margin: 0; padding: 0; position: rel=
ative; text-decoration: none; width: auto;"><img data-attrs=3D"{"src&q=
uot;:"https://substack-post-media.s3.amazonaws.com/public/images/9397c=
7b4-ab4a-4d05-a5d2-3a156ec84139_980x465.png","fullscreen":nu=
ll,"imageSize":null,"height":465,"width":980,=
"resizeWidth":null,"bytes":770979,"alt":null,=
"title":null,"type":"image/png","href&qu=
ot;:null,"belowTheFold":true,"internalRedirect":null}" =
alt=3D"" width=3D"550" height=3D"260.96938775510205" class=3D"wide-image" s=
rc=3D"https://substackcdn.com/image/fetch/w_1960,c_limit,f_auto,q_auto:good=
,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2F=
public%2Fimages%2F9397c7b4-ab4a-4d05-a5d2-3a156ec84139_980x465.png" style=
=3D"-ms-interpolation-mode: bicubic; border: none !important; display: bloc=
k; height: auto; margin: 0 auto; margin-bottom: 0; max-width: 100% !importa=
nt; vertical-align: middle; width: auto !important;"></a></td><td style=3D"=
text-align: center;"></td></tr></tbody></table></figure></div><p style=3D"c=
olor: #404040; font-size: 16px; line-height: 26px; margin: 0 0 20px 0;"><sp=
an>Christie’s announced this morning that it would sell Jean-Michel B=
asquiat, </span><em>El Gran Espectaculo (The Nile)</em><span>, during its 2=
1st Century Evening Sale on Monday, May 15, 2023. The estimate is unpublish=
ed but the work is expected to make more than $45 million. The work comes f=
rom the collection of Valentino Garavani who sold</span><em><a href=3D"http=
s://substack.com/redirect/8c56c937-7f28-4d0a-a22e-200d07075697?j=3DeyJ1Ijoi=
MjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel=3D"" style=3D"=
color: #404040; text-decoration: underline;"> In This Case</a></em><a href=
=3D"https://substack.com/redirect/8c56c937-7f28-4d0a-a22e-200d07075697?j=3D=
eyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel=3D"" s=
tyle=3D"color: #404040; text-decoration: underline;"> from 1983 for $93 mil=
lion two years ago</a><span>. </span></p><h4 class=3D"header-with-anchor-wi=
dget" style=3D"-moz-osx-font-smoothing: subpixel-antialiased; -webkit-font-=
smoothing: subpixel-antialiased; color: #404040; font-family: 'SF Compact D=
isplay', -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, =
Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'=
; font-size: 1.125em; font-weight: bold; line-height: 1.16em; margin: 1em 0=
0.625em 0; position: relative;">Agnes Pelton Rises</h4><div class=3D"capti=
oned-image-container-static" style=3D"font-size: 16px; line-height: 26px; m=
argin: 32px auto;"><figure style=3D"margin: 0 auto; width: 100%;"><table cl=
ass=3D"image-wrapper" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpad=
ding=3D"0" style=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style=3D"=
text-align: center;"></td><td align=3D"left" class=3D"content" width=3D"145=
6" style=3D"text-align: center;"><a class=3D"image-link" target=3D"_blank" =
href=3D"https://substack.com/redirect/c87bdf20-6df2-4fbc-a8ca-8e9f6b75dd1c?=
j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel=3D=
"" style=3D"align-items: center; border: none; display: block; flex-directi=
on: column; height: auto; margin: 0; padding: 0; position: relative; text-d=
ecoration: none; width: auto;"><img data-attrs=3D"{"src":"ht=
tps://substack-post-media.s3.amazonaws.com/public/images/a5479854-2fc3-4bb7=
-8a24-f77ab42683ce_1796x2000.jpeg","fullscreen":null,"i=
mageSize":null,"height":1621,"width":1456,"re=
sizeWidth":null,"bytes":1522606,"alt":null,"t=
itle":null,"type":"image/jpeg","href":nu=
ll,"belowTheFold":true,"internalRedirect":null}" alt=3D=
"" width=3D"550" height=3D"612.3282967032967" class=3D"wide-image" src=3D"h=
ttps://substackcdn.com/image/fetch/w_2912,c_limit,f_auto,q_auto:good,fl_pro=
gressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%=
2Fimages%2Fa5479854-2fc3-4bb7-8a24-f77ab42683ce_1796x2000.jpeg" style=3D"-m=
s-interpolation-mode: bicubic; border: none !important; display: block; hei=
ght: auto; margin: 0 auto; margin-bottom: 0; max-width: 100% !important; ve=
rtical-align: middle; width: auto !important;"></a></td><td style=3D"text-a=
lign: center;"></td></tr></tbody></table></figure></div><h6 style=3D"-moz-o=
sx-font-smoothing: subpixel-antialiased; -webkit-font-smoothing: subpixel-a=
ntialiased; color: #404040; font-family: 'SF Compact Display', -apple-syste=
m, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'A=
pple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-weight: bold; =
line-height: 1.16em; margin: 1em 0 0.625em 0;">Agnes Pelton, The Fountains =
(1926) estimated at $1.5 million</h6><p style=3D"color: #404040; font-size:=
16px; line-height: 26px; margin: 0 0 20px 0;"><span>Recognition of Agnes P=
elton’s work has grown dramatically over the last several years. Loie=
Hollowell recently included several of her works in a show she curated wit=
h Harminder Judge at Pace titled </span><em>Love Letter</em><span>. In Los =
Angeles, Pelton’s work was featured in </span><em>Another World: The =
Transcendental Painting Group, 1938-1945 </em><span>at LACMA. Before that, =
the Whitney held a retrospective of her work in 2020. That crossover intere=
st has resulted in Christie’s offering </span><em>The Fountains</em><=
span> from 1926 in their 20th Century Evening sale on May 11th. The paintin=
g, which was included in the Whitney exhibition, is estimated at $1.5 milli=
on, a huge jump from any previous auction result for the artist. </span></p=
><h4 class=3D"header-with-anchor-widget" style=3D"-moz-osx-font-smoothing: =
subpixel-antialiased; -webkit-font-smoothing: subpixel-antialiased; color: =
#404040; font-family: 'SF Compact Display', -apple-system, BlinkMacSystemFo=
nt, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', =
'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1.125em; font-weight: bold;=
line-height: 1.16em; margin: 1em 0 0.625em 0; position: relative;">That Na=
ra Story Continues at Sotheby’s</h4><div class=3D"captioned-image-con=
tainer-static" style=3D"font-size: 16px; line-height: 26px; margin: 32px au=
to;"><figure style=3D"margin: 0 auto; width: 100%;"><table class=3D"image-w=
rapper" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" sty=
le=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style=3D"text-align: ce=
nter;"></td><td align=3D"left" class=3D"content" width=3D"1456" style=3D"te=
xt-align: center;"><a class=3D"image-link" target=3D"_blank" href=3D"https:=
//substack.com/redirect/c5c13ba3-419a-4c8d-961f-26527a02648e?j=3DeyJ1IjoiMj=
djZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel=3D"" style=3D"al=
ign-items: center; border: none; display: block; flex-direction: column; he=
ight: auto; margin: 0; padding: 0; position: relative; text-decoration: non=
e; width: auto;"><img data-attrs=3D"{"src":"https://substack=
-post-media.s3.amazonaws.com/public/images/6cdd2a91-4bfc-4518-9e7d-15a5ff49=
0bd6_1496x1634.png","fullscreen":null,"imageSize":=
null,"height":1590,"width":1456,"resizeWidth"=
:null,"bytes":2976768,"alt":null,"title":null=
,"type":"image/png","href":null,"belowTh=
eFold":true,"internalRedirect":null}" alt=3D"" width=3D"550"=
height=3D"600.6181318681319" class=3D"wide-image" src=3D"https://substackc=
dn.com/image/fetch/w_2912,c_limit,f_auto,q_auto:good,fl_progressive:steep/h=
ttps%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6cdd2=
a91-4bfc-4518-9e7d-15a5ff490bd6_1496x1634.png" style=3D"-ms-interpolation-m=
ode: bicubic; border: none !important; display: block; height: auto; margin=
: 0 auto; margin-bottom: 0; max-width: 100% !important; vertical-align: mid=
dle; width: auto !important;"></a></td><td style=3D"text-align: center;"></=
td></tr></tbody></table></figure></div><h6 style=3D"-moz-osx-font-smoothing=
: subpixel-antialiased; -webkit-font-smoothing: subpixel-antialiased; color=
: #404040; font-family: 'SF Compact Display', -apple-system, BlinkMacSystem=
Font, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji'=
, 'Segoe UI Emoji', 'Segoe UI Symbol'; font-weight: bold; line-height: 1.16=
em; margin: 1em 0 0.625em 0;"><span>Yoshitomo Nara, </span><em>Haze Days</e=
m><span> (1998) expected to make $12 million or more</span></h6><p style=3D=
"color: #404040; font-size: 16px; line-height: 26px; margin: 0 0 20px 0;"><=
span>Following Sotheby’s success in Hong Kong with Yoshitomo NaraR=
17;s </span><em>In the Milky Lake</em><span> from 2012 making $12.8 million=
and </span><em>Light Haze Days</em><span> from 2020 selling for $11.9 mill=
ion, the auction house has announced </span><em>Haze Days</em><span> from 1=
998 to lead The Now sale on May 18th in New York. The lot is offered with i=
t’s estimate upon request but the house hopes to see $12 million or m=
ore for the work. </span></p><div style=3D"font-size: 16px; line-height: 26=
px;"><hr style=3D"background: #e0e0e0; border: none; height: 1px; margin: 3=
2px 0; padding: 0;"></div><h2 class=3D"header-with-anchor-widget" style=3D"=
-moz-osx-font-smoothing: subpixel-antialiased; -webkit-font-smoothing: subp=
ixel-antialiased; color: #404040; font-family: 'SF Compact Display', -apple=
-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-ser=
if, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1.=
625em; font-weight: bold; line-height: 1.16em; margin: 1em 0 0.625em 0; pos=
ition: relative;">Deep Cuts</h2><div class=3D"captioned-image-container-sta=
tic" style=3D"font-size: 16px; line-height: 26px; margin: 32px auto;"><figu=
re style=3D"margin: 0 auto; width: 100%;"><table class=3D"image-wrapper" wi=
dth=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D"mso-=
padding-alt: 1em 0 1.6em;"><tbody><tr><td style=3D"text-align: center;"></t=
d><td align=3D"left" class=3D"content" width=3D"1456" style=3D"text-align: =
center;"><a class=3D"image-link" target=3D"_blank" href=3D"https://substack=
=2Ecom/redirect/04bc9313-2b47-4fe5-b5b=
5-41dd7fbd14a2?j=3DeyJ1IjoiMjdjZXI5In0.=
nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel=3D"" style=3D"align-items:=
center; border: none; display: block; flex-direction: column; height: auto=
; margin: 0; padding: 0; position: relative; text-decoration: none; width: =
auto;"><img data-attrs=3D"{"src":"https://substack-post-medi=
a.s3.amazonaws.com/public/images/5185bfac-236c-4464-955c-093b4dab0302_1920x=
1080.jpeg","fullscreen":null,"imageSize":null,&quo=
t;height":819,"width":1456,"resizeWidth":null,&quo=
t;bytes":2794886,"alt":null,"title":null,"typ=
e":"image/jpeg","href":null,"belowTheFold&quo=
t;:true,"internalRedirect":null}" alt=3D"" width=3D"550" height=
=3D"309.375" class=3D"wide-image" src=3D"https://substackcdn.com/image/fetc=
h/w_2912,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubs=
tack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5185bfac-236c-4464-955=
c-093b4dab0302_1920x1080.jpeg" style=3D"-ms-interpolation-mode: bicubic; bo=
rder: none !important; display: block; height: auto; margin: 0 auto; margin=
-bottom: 0; max-width: 100% !important; vertical-align: middle; width: auto=
!important;"></a></td><td style=3D"text-align: center;"></td></tr></tbody>=
</table></figure></div><p style=3D"color: #404040; font-size: 16px; line-he=
ight: 26px; margin: 0 0 20px 0;"><span>Two works by Winfred Rembert—<=
/span><em>Jeff’s Pool Room</em><span> and </span><em>Doll’s Hea=
d Baseball</em><span>—were sold at Swann Galleries earlier this month=
for the same sum, $149,000. The sales come after Christie’s sold </s=
pan><em>The Black Cat</em><span> in January for $302,400. At the same time,=
Hauser + Wirth, who represents the artist’s estate in conjunction wi=
th Fort Gansevoort, </span><a href=3D"https://substack.com/redirect/b020afc=
8-e53a-4f6f-9855-d1ec5008fbfe?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe=
5iRnigHXx6Fx_g6pp7gWdY" rel=3D"" style=3D"color: #404040; text-decoration: =
underline;">had an exhibition (closing Saturday) titled </a><em><a href=3D"=
https://substack.com/redirect/b020afc8-e53a-4f6f-9855-d1ec5008fbfe?j=3DeyJ1=
IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel=3D"" style=
=3D"color: #404040; text-decoration: underline;">All of Me</a></em><span>. =
One of the goals of the Hauser + Wirth show, according to Koji Inoue, was t=
o “diversify the landscape of owners” for the self-taught artis=
t who only began making his distinctive paint-on-leather images in his earl=
y fifties. Rembert’s work recalls scenes of his early life in Georgia=
where he was jailed for his participation in Civil Rights protests and sur=
vived a near lynching. Rembert learned to work with leather while serving s=
even years in the Georgia prison system. Asking prices ranged from $90,000 =
to $400,000—and there hasn’t been a problem getting the work in=
the right collections. When Inoue says he’s diversifying the collect=
or base, he means selling work to institutions (one of the Swann works is r=
umored to have been bought by an American museum) and Contemporary art coll=
ectors in the US and abroad where Inoue is planning his next show of Rember=
ts. </span></p><div style=3D"font-size: 16px; line-height: 26px;"><hr style=
=3D"background: #e0e0e0; border: none; height: 1px; margin: 32px 0; padding=
: 0;"></div><p style=3D"color: #404040; font-size: 16px; line-height: 26px;=
margin: 0 0 20px 0;"><strong>Openings</strong></p><ol style=3D"margin-top:=
0; padding: 0;"><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-sizing=
: border-box; color: #404040; font-size: 16px; line-height: 26px; margin: 0=
; margin-bottom: 0; padding-left: 4px;"><strong>Lauren Halsey</strong><span=
>’s </span><em>the eastside of south central los angeles hieroglyph p=
rototype architecture (I) </em><span> (The Metropolitan): Lauren Halsey=
217;s installation on the roof of the Metropolitan Museum is, </span><a hre=
f=3D"https://substack.com/redirect/7b34e76b-5772-4560-8e6e-4eba8966274a?j=
=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel=3D"=
" style=3D"color: #404040; text-decoration: underline;">in the words of </a=
><em><a href=3D"https://substack.com/redirect/7b34e76b-5772-4560-8e6e-4eba8=
966274a?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY=
" rel=3D"" style=3D"color: #404040; text-decoration: underline;">New York T=
imes</a></em><a href=3D"https://substack.com/redirect/7b34e76b-5772-4560-8e=
6e-4eba8966274a?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g=
6pp7gWdY" rel=3D"" style=3D"color: #404040; text-decoration: underline;"> c=
ritic Holland Cotter</a><span>, “an architectural mothership packed w=
ith a cargo of ideas and images encompassing eons of Black American life.&#=
8221; At the same time, the artist has </span><a href=3D"https://substack.c=
om/redirect/461f0c3a-45b3-4877-8697-1bdf42f4a3e3?j=3DeyJ1IjoiMjdjZXI5In0.nC=
NhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel=3D"" style=3D"color: #404040=
; text-decoration: underline;">signed with WME while continuing to be repre=
sented by David Kordansky</a><span>. </span></p></li><li style=3D"margin: 8=
px 0 0 32px;"><p style=3D"box-sizing: border-box; color: #404040; font-size=
: 16px; line-height: 26px; margin: 0; margin-bottom: 0; padding-left: 4px;"=
><strong>REAR VIEW</strong><span> (LGDR): They’re back! The recently =
formed LGDR has opened a new gallery in a familiar space on East 64th Stree=
t in Manhattan. The show opened Tuesday night with works by more than 30 ar=
tists. The conceit is depictions from behind but includes a number of works=
in “a pendant presentation” of nudes called </span><em>Full Fr=
ontal</em><span>. </span></p></li><li style=3D"margin: 8px 0 0 32px;"><p s=
tyle=3D"box-sizing: border-box; color: #404040; font-size: 16px; line-heigh=
t: 26px; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong>Giorgio d=
e Chirico</strong><span>, </span><em>Horses: Death of a Rider</em><span> (V=
ito Schnabel): Schnabel’s personal affection for de Chirico prompts a=
show of 16 of the artist’s paintings depicting horses that epitomize=
his embrace of Classicism.</span></p></li><li style=3D"margin: 8px 0 0 32p=
x;"><p style=3D"box-sizing: border-box; color: #404040; font-size: 16px; li=
ne-height: 26px; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong>C=
armen Herrara</strong><span>, </span><em>Days of the Week</em><span> (Lisso=
n Gallery Los Angeles) Lisson opens its LA branch with a show of Carmen Her=
rera’s “seven paintings that evoke the distinctive character of=
each day.” </span></p></li><li style=3D"margin: 8px 0 0 32px;"><p st=
yle=3D"box-sizing: border-box; color: #404040; font-size: 16px; line-height=
: 26px; margin: 0 0 20px 0; margin-bottom: 0; padding-left: 4px;"><strong>B=
eautiful, Vivid, Self-contained</strong><span>, curated by David Salle (Hil=
l Art Foundation): Artist David Salle had some fun with works from the Hill=
Art Foundation and some loans to answer questions like, “What is the=
psychic mapping that undergirds a pictorial attitude, and how can we recog=
nize it?”</span></p><div style=3D"font-size: 16px; line-height: 26px;=
"><hr style=3D"background: #e0e0e0; border: none; height: 1px; margin: 32px=
0; padding: 0;"></div></li></ol><h2 class=3D"header-with-anchor-widget" st=
yle=3D"-moz-osx-font-smoothing: subpixel-antialiased; -webkit-font-smoothin=
g: subpixel-antialiased; color: #404040; font-family: 'SF Compact Display',=
-apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, s=
ans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-s=
ize: 1.625em; font-weight: bold; line-height: 1.16em; margin: 1em 0 0.625em=
0; position: relative;">Results</h2><h4 class=3D"header-with-anchor-widget=
" style=3D"-moz-osx-font-smoothing: subpixel-antialiased; -webkit-font-smoo=
thing: subpixel-antialiased; color: #404040; font-family: 'SF Compact Displ=
ay', -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Aria=
l, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; fo=
nt-size: 1.125em; font-weight: bold; line-height: 1.16em; margin: 1em 0 0.6=
25em 0; position: relative;">The Sale of the Century: An Important Corporat=
e Collection of Prints and Multiples (Christie’s) =3D $13.4 million</=
h4><div class=3D"captioned-image-container-static" style=3D"font-size: 16px=
; line-height: 26px; margin: 32px auto;"><figure style=3D"margin: 0 auto; w=
idth: 100%;"><table class=3D"image-wrapper" width=3D"100%" border=3D"0" cel=
lspacing=3D"0" cellpadding=3D"0" style=3D"mso-padding-alt: 1em 0 1.6em;"><t=
body><tr><td style=3D"text-align: center;"></td><td align=3D"left" class=3D=
"content" width=3D"1456" style=3D"text-align: center;"><a class=3D"image-li=
nk" target=3D"_blank" href=3D"https://substack.com/redirect/ef0a7fda-2157-4=
130-af0d-73fb68a2f8f4?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHX=
x6Fx_g6pp7gWdY" rel=3D"" style=3D"align-items: center; border: none; displa=
y: block; flex-direction: column; height: auto; margin: 0; padding: 0; posi=
tion: relative; text-decoration: none; width: auto;"><img data-attrs=3D"{&q=
uot;src":"https://substack-post-media.s3.amazonaws.com/public/ima=
ges/75e3bf66-24bd-49e5-9ccb-bceaf7f36196_1678x1310.png","fullscre=
en":null,"imageSize":null,"height":1137,"widt=
h":1456,"resizeWidth":null,"bytes":1811916,"a=
lt":null,"title":null,"type":"image/png"=
,"href":null,"belowTheFold":true,"internalRedirect=
":null}" alt=3D"" width=3D"550" height=3D"429.4986263736264" class=3D"=
wide-image" src=3D"https://substackcdn.com/image/fetch/w_2912,c_limit,f_aut=
o,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.ama=
zonaws.com%2Fpublic%2Fimages%2F75e3bf66-24bd-49e5-9ccb-bceaf7f36196_1678x13=
10.png" style=3D"-ms-interpolation-mode: bicubic; border: none !important; =
display: block; height: auto; margin: 0 auto; margin-bottom: 0; max-width: =
100% !important; vertical-align: middle; width: auto !important;"></a></td>=
<td style=3D"text-align: center;"></td></tr></tbody></table></figure></div>=
<p style=3D"color: #404040; font-size: 16px; line-height: 26px; margin: 0 0=
20px 0; margin-bottom: 0;"><span>Christie’s rare evening sale of pri=
nts and multiples from an unnamed corporate collection was an interesting i=
nflection point in the still raging print market. The top lot was a rare ex=
ample of </span><strong>Barnett Newman</strong><span>’s lithograph </=
span><em>18 Cantos</em><span> estimated at $2 million and sold with fees fo=
r $2.1 million. That’s essentially the price one of the 30 sets sold =
for 15 years ago, the last time one appeared at auction. Newman’s sto=
ck may not be as strong these days but other artists saw good prices. A set=
of </span><strong>Andy Warhol</strong><span>’s </span><em>Flowers </=
em><span>from a larger edition of 250 plus 26 APs made $2.4 million. That&#=
8217;s basically the low estimate but still $1 million more than any other =
set of Flowers has sold for previously. </span><strong>Jasper Johns</strong=
><span>’s </span><em>Color Numeral Series</em><span> from 1969 made $=
819,000, a far cry </span><a href=3D"https://substack.com/redirect/9021057c=
-f41f-4a22-a9b5-b298b7b2df9c?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5=
iRnigHXx6Fx_g6pp7gWdY" rel=3D"" style=3D"color: #404040; text-decoration: u=
nderline;">from the $1.4 million paid for another complete set sold two yea=
rs ago</a><span> but substantially above the price paid two years before th=
at. The difference? The $1.4 million was achieved during the marquee auctio=
ns. Marketing matters. </span><strong>David Hockney</strong><span> is anoth=
er prominent artist known for his multiples. </span><em>A Rake’s Prog=
ress</em><span> from 1961-63 was sold for $541,800. The last complete set t=
o sell at auction sold for under $20,000 six years ago. </span><strong>Henr=
i Matisse</strong><span>’s </span><em>Jazz</em><span> set made $630,0=
00 which is comparable to recent sales. How much farther the multiples mark=
et can go is an interesting question. </span></p></div></div><div class=3D"=
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