It did happen … a new record price for art at auction!

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The Picasso painting which we discussed below, “Nude, Green Leaves and Bust,” was sold at a new record price as the most expensive piece of art ever sold at an auction.
The painting sold for $95 million, which actually came out to $106.5 million after buyer’s fees to the auction house.

The painting was sold by the estate of Frances Brody, an art collector whose family initially purchased the work from a New York City art gallery in 1951 for just under $20,000.  Who could have ever guessed that a $20,000 painting could sell for $95 million…?

Record breaking price about to happen?

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The auction house Christie’s is having a spring auction tomorrow which will feature this Picasso painting, “Nude, Green Leaves and Bust.”  The pre-sale estimate for this painting is $70-$90 million, but some are wondering if it will break the record of $104.3 million paid for a Giacometti sculpture in February.  Stay tuned … we’ll let you know on Wednesday what happened.
Picasso painting "Nude, Green Leaves and Bust"

U.S. Post Office has Abstract Expressionist stamps!

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The U.S. Post Office has released a series of stamps featuring works by Abstract Expressionist artists, including Hans Hoffmann, Willem de Kooning, Mark Rothko, Jackson Pollock, Arshile Gorky, Clyfford Still, Robert Motherwell, Joan Mitchell, Adolph Gottlieb, and Barnett Newman. What’s cool is that the stamps mimic the scale of the large paintings – these stamps are much bigger than usual stamps.
Abstract Expressionist paintings on U.S. stamps

What’s Your Interpretation?

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What do you think is the meaning of this painting?  Is she just a handy woman who doesn’t mind working on the plumbing while wearing her summer dress?  Or does she have a surprise in waiting for her husband once he comes around the corner?  (painting by unknown artist seen at last year’s Armory Show in NYC)
Painting of a woman holding a wrench

Art Fairs and Shows in NYC

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This is a great weekend to be in New York City if you like contemporary art.  There’s the Whitney Biennial, which features the Whitney curators’ view of what is important in contemporary art today.  There’s also a number of art fairs: The ADAA (Art Dealers Association of America) is sponsoring The Art Show, which can be seen at the Park Avenue Armory at Park Avenue and 67th Street; The Armory Show is a huge affair taking place on the west side of Manhattan, at the Piers 92 and 94 (which is at 12th Avenue and 55th Street) – this show is so big and features so many galleries, you could spend a good part of a day trying to see it all.  Then there’s The Affordable Art Fair, which bills itself as having work priced between $100-$10,000 by the “hottest young talent and well-known names.”  While you’re at it, you might as well stop by to see the SCOPE Art Show, near the Armory Show at 62nd and 10th Avenue.  If you still can’t get enough, might as well go over to the PULSE Contemporary Art Fair, also on the west side of Manhattan, down at 330 West Street.  Let’s wrap up our day at the Fountain Art Fair at Pier 66 at 26th Street on the West Side Highway.