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$24.3 M. Michelangelo Sells at Christie’s in Paris, Denmark’s ARKEN Museum Gets New Director, and More: Morning Links for May 19, 2022

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The Headlines
THE BEAT GOES ON.  Despite the absolute slaughterhouse in the stock market on Wednesday,  Phillips  held  an evening auction  of 20th-century and contemporary art in Manhattan that saw all 36 lots sell (one was withdrawn pre-sale), including an $85 million  Jean-Michel Basquiat . That all rang up a record total for the firm: $226 million. “The result marks a breakthrough for the third-largest international auction house, which competes against  Sotheby’s  and  Christie’s  for select consignments,”  Angelica Villa  writes in  her  ARTnews  report . The Basquiat, from 1982, was being sold by Japanese collector  Yusaku Maezawa , who bought it just six years ago from Christie’s for $57.3 million. It is now the priciest work that Phillips has ever sold. New records were set for Yayoi Kusama  and  Robin F. Williams  on the block. For all the action,  head to  ARTnews .
A NEW SIGNING.  Last week,  Ernie Barnes ’s 1976 painting  The Sugar Shack  catapulted over its $150,000 low estimate at Christie’s in New York,  finishing at a jaw-dropping $15.3 million . Now the estate of Barnes, who died in 2009, has  finalized a deal to be represented  by two major Manhattan galleries,  Andrew Kreps  and  Ortuzar Projects ,  Alex Greenberger  reports in  ARTnews . While plenty of market watchers were astonished by the price that the work drew, the football player–turned–painter has long had an avid following, particularly in the Black community, for his vivid scenes of sports competitions and social gatherings. “For a huge amount of people, it’s not at all a rediscovery—quite the opposite,”  Ales Ortuzar , the Ortuzar Projects founder, said.
The Digest
At Christie’s in Paris on Wednesday, a drawing by  Michelangelo  went for about €23.2 million ($24.3 million), a record price for a drawing by the artist—but short of the lot’s $30 million estimate. The piece was discovered in a French private collection during an inventory in 2019.  [AFP]
Are you art rich but cash poor?  Gurr Johns Capital , a new venture from the advisory firm  Gurr Johns , is entering the art loan market, and will extend loans of 40 to 70 percent of the value of a piece.  [Financial Times]
The  ARKEN Museum of Modern Art  in beautiful Ishøj, Denmark, has hired  Marie Nipper  as its next director. Previously the director of the  Copenhagen Contemporary , she follows  Christian Gether , who led the institution for a quarter-century.  [Press Release/e-flux]
Sculptor  Veronica Ryan , who is in the current  Whitney Biennial  and in the running for the  Turner Prize , got the profile treatment from  Siddhartha Mitter . “I want to talk about psychological resonance, about the extended self, and how we relate to objects that relate to us and the wider culture,” she said.  [The New York Times]
The pandemic nixed the most recent edition of the  Jeju Biennale , but it will return with a new show on that tranquil South Korean island in November, with works by  Rirkrit Tiravanija ,  Kang Yi-yun ,  Wangechi Mutu ,  Rachel Rose , and many more.  [The Korea Herald]
PHOTO FINISH.  The  Guardian  has published an array of  charismatic pictures  of Chinese youth by Shanghai’s  Luo Yang , and the  Smithsonian Magazine  is featuring  awe-inspiring images  taken by the late  Chip Clark  behind the scenes at the  Smithsonian National Museum of Natural History in Washington, D.C.
The Kicker
A PALATIAL GETAWAY.  Great news for fans of great homes:  Marble Hill , which was commissioned by one  Henrietta Howard  in 1724, in London, is  about to reopen after a pandemic closure , the  Art Newspaper  reports, and it looks glorious. Howard, who was at one point a mistress of the man who would become  George II , apparently built the place as a way to get away from her “drunken spendthrift first husband,”  Maev Kennedy  writes.  Anna Eavis , of  English Heritage  , told Kennedy that he was “a real stinker.” Howard’s home can now be enjoyed by all, with no admission fee.  [TAN]

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Read the full Article: $24.3 M. Michelangelo Sells at Christie’s in Paris, Denmark’s ARKEN Museum Gets New Director, and More: Morning Links for May 19, 2022


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