Portrait 5 Stephen(s), 2010 Lot #1

Stephen(s)
Portrait 5, Stephen(s), 2010

The whimsical Phillips de Pury & Company website is, as I’ve noted in the past, a remedy to prim auction house hem-haw. And I am pleased that Lot #1 of their Under the Influence auction of March 8, went for a full quarter of  it’s estimated $100, 000 to hammer at $26,000 — the full proceeds of which, will benefit DonorsChoose.org, which sends dollars to classrooms with projects in need of materials and resources.

It is much the credit of PdP that they take on nonsense and give full fluff to the requisite irony.

Here’s the site description of Lot #1, in it’s full glory:

1

FULL PROCEEDS BENEFIT DONORSCHOOSE.ORG

STEPHEN COLBERT, SHEPARD FAIREY, ANDRES SERRANO AND FRANK STELLA

Portrait 5, Stephen(s), 2010

Inkjet on canvas, with acrylic spray paint, Sharpie, looked-at-edness of Frank Stella. Printed at 291 Digital in New York. Suitable for Framing.  47 x 36 in. (not available in metric)  Signed “Andres Serrano” lower left.

ESTIMATE: AVAILABLE UPON REQUEST

SOLD AT $26,000

PROVENANCE The Colbert Report

In an ambitious on-going work that calls to mind the sprawling constructed worlds of Matthew Barney and identity-questioning narratives of Sophie Calle, TV pundit and conceptual artist Stephen Colbert has been performing his site-specific installation, “The Colbert Report,”…

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Slim Pickin’s in Lean Times = $69 Mil for the Big Mo

Modigliani’s “La belle Romaine” is large.

No use talking about the art market as if it had ANYthing to do with the real world… Auction prices are back to mind-blowing even while our unemployment rates hover around 9%. An examination of performances by Sotheby’s and Christie’s  evening sales of contemporary art this week will show you only that a luxury market —a collectors luxury market — responds to a slowly recovering economy with sheer, unabashed, indulgence.

The story these days is about rarity. And rarity speaks only to desire and competition, a combo that makes for dramatic auctions. So when every last brushstroke and cast is sitting on Mr. Moneyfeather’s veranda, and collectors are left scrabbling over the leavings or the occasional toss-away, we are left gasping at record prices fetched for middling Modiglianis and lackluster Monets.

Continue reading “Slim Pickin’s in Lean Times = $69 Mil for the Big Mo”

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