WALL POWER

Picasso’s 1932 painting “Nu au Plateau de Sculpteur (Nude, Green Leaves and Bust)
Picasso’s 1932 painting “Nu au Plateau de Sculpteur (Nude, Green Leaves and Bust); photo from The New York Times Online

Because the market is looking up, and because the art world responds so quickly to upswings –and, because Picasso’s 1932 painting “Nu au Plateau de Sculpteur ” is really big and has all the bells and whistles (a lover, Marie-Thérèse, the iconic head thrown back pose, and a very Picasso-pallet), folks at the New York Times say that an auction price record is about to be broken.

According to NYT, the Picasso, on sale at Christie’s onTuesday, is  “poised to eclipse the $104.3 million paid for the current record holder, Giacometti’s “Walking Man I” purchased at Sotheby’s in February.

Art is beginning to be viewed as a good investment again, and, since the financial collapse, it seems like a safer place to put one’s money than in the stock market.

Other reasons why the hammer is expected to come down on a record price:

  • The painting is from a popular Picasso period of very large, very colorful paintings.
  • Picasso’s from the year 1932 are not likely to be sold again any time soon, if at all.
  • It was only on public view once since 1951: so it has freshness.
  • It “reeks,” according to NYT, of “Wall power.”

A GOOD BASQUIAT

Sotheby’s upcoming Contemporary Art Sale is going to offer some of the most iconic works of our time — so many in one show that the outcome will definitely exceed house estimates.

In her book, Seven Days in the Art World, Sarah Thornton tells us that, in auction speak, a “good so-and-so” is not necessarily one of the artist’s highest quality works, but, rather, one that’s iconic of the artist , one that, as Thornton puts it “fetishizes” the aspects of the artist’s work when s/he emerged.

Read on:What makes it “good?”

Shepard Fairey Changes the Mainstream

wall
Before Shep got to it, the wall had been tagged.

The wall at Houston and Bowery has sported Keith Haring’s crawling babies, and Os Gemeos’ trippy amusment park: now it’s wearing something from the OBEY line of products: a wheatpaste collage in Shepard Fairey’s best and latest fascist poster colors. It’s looking good.

The wall will be finished in time to promote Fairey’s upcoming show at Deitch Projects, May Day: a series of portraits of revolutionary personages who, “started out on the margins of culture and ended up changing the mainstream.”

But a few steps too many into mainstream, and one may not end up changing it, but only changing how one makes money in it.

From the OBEY site
From the OBEY site

For example: the May Day show will reflect the incendiary mood of spray can and eaves-clinging guerilla art, with it’s tribute to political activism; in the meantime it will also serve to promote Shepard Fairey’s OBEY clothing line. And the OBEY clothing line, will spring a pop-up store on Orchard Street coinciding with the Deitch show, thus providing a promotional supplement to it.

As if there’s not enough money in all that marketing, recall that this will be Jeffrey Deitch’s last show at the Wooster street location before he closes shop and moves off to LA MOCA. The draw will already be huge.

Shepard Fairey, May Day
Deitch Projects | 18 Wooster Street, New York
May 01, 2010 — May 29, 2010

MORE SNEAK PEEKS at Flavorwire

OBEY Pop-Up Store
151 Orchard Street, New York
April 30 – May 16

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Addendum: On April 22, as Shepard Fairey and crew were clearing out and getting ready to go get some dinner after finishing the mural on Houston Street, I, and my husband, David Kaplan, a writer for PaidContent, stopped to chat with him. David asked him some questions about his law battles with the Associated Press. Here’s a link to the story.

Shepard Fairey: AP Suit Driven By ‘Crumbling Business Model’; AP To  Fairey: You’re The Hypocrite
by David Kaplan

RELEVANT LINKS:
Shep's Words on AP case

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SUPERTOUCH:
a nice little history of appropriation

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