Latest news with #PaceGallery
Reuters
a day ago
- Business
- Reuters
Art Basel shows more mid-priced art to a sombre market
BASEL, Switzerland, June 19 (Reuters) - The world's biggest art fair takes place in Switzerland this week, with global crises creating a more sombre mood, according to participants, and galleries showing less expensive works amid a slump at the top end of the art market. A fixture since 1970, Art Basel is widely viewed as a key barometer for the health of global art sales. Works by over 4,000 artists are on show, including a Pablo Picasso painting valued at over $30 million shown by U.S. gallery Pace. Global art sales fell 12% last year, the second annual decline in a row, according to a report by UBS. The drop was particularly sharp at the top end - defined as works selling at auction for over $10 million - where sales tumbled by 39%. "It's true the galleries are bringing material that is in a different price point to what it used to be," said Vincenzo de Bellis, Chief Artistic Officer and Global Director of Art Basel Fairs. "And it's natural, there's a different expectation." No artwork had sold for over $10 million as of Wednesday, according to sales confirmed by exhibitors. Last year, one piece had already fetched $16 million on the opening Tuesday. "I think the mood is very subdued," said Gaurav Madhok, a visitor from London who has been going for over 12 years. More than five gallery representatives said there were fewer American clients at stalls than in previous years. A separate UBS report showed a 4.6% jump in private individuals' wealth in 2024, with the U.S. faring especially well, creating over 1,000 new dollar millionaires daily. "We've seen a lot of European curators," said Georgia Lurie, a director of the Pippy Houldsworth gallery. "But Americans are thin on the ground, both collectors and museum people." ($1 = 0.8170 Swiss francs)
Korea Herald
6 days ago
- Entertainment
- Korea Herald
How light is revealed: James Turrell, Salvo visit Seoul
At Pace Gallery, Turrell reveals light itself through space; at Gladstone, Salvo captures it in paintings inspired by his travels American light master James Turrell is familiar to Korean audiences through his monumental installations at Museum San in Wonju, Gangwon Province, where five of his works, created solely with light and space, offer a meditative experience. The exhibition 'The Return,' at Pace Gallery in Hannam-dong, central Seoul, shows Turrell's five recent installations, including the never-before-seen piece 'Wedgework,' made specifically for the Seoul exhibition. Turrell's exhibition, which runs through Sept. 27, is his first solo show in Seoul since 2008. 'I really wanted people to treasure light. I had hoped to try to use light itself rather than the depiction of it. We are creatures that very much respond to light, and for me, that is where the power of light resides,' Turrell told reporters Wednesday. Spanning three floors of the gallery, the exhibition features a selection of photographs and works on paper that shed light on the artist's process for his installations. Working with the materiality of light and space, Turrell is a key member of the California Light and Space Movement initiated in the 1960s. 'In the end, I am an artist and I want to pass to you a piece of light. I would like to give you this experience of light itself. Not every piece is as successful as another piece. This is how life is … I have to tell you that art has always dealt with things beyond how we normally think of something," Turrell said. Arne Glimcher, Pace's founder and chairman, first met Turrell some 60 years ago, and the gallery has represented the artist since 2002. An online reservation is required to visit the exhibition as the gallery admits only 20 people to each session to prevent congestion. Another exhibition featuring light effects unfolds at Gladstone Gallery in Gangnam-gu, southern Seoul. Italian artist Salvo enjoyed using light effects in his works, some of which evoke sunsets or sunrises, as in the paintings 'Tre Colonne' and 'Forte dei Marmi.' At Gladstone, the exhibition 'Salvo, in Viaggio (Salvo Traveling)' is the Italian master's first solo show in the country. 'It is the first show of his to discuss the theme of a 'journey.' There are many works displayed to the public for the first time as well. I hope many who visit the show can enjoy their time traveling into the unique world of Salvo,' said Norma Mangione, co-founder of Archivio Salvo, at the press opening on May 29. The exhibition spans from 1988 to 2015, the year the artist died. The paintings depict both real and imagined landscapes inspired by the artist's travels across the Middle East, North Africa, Europe and Asia, featuring Salvo's visual aesthetic, characterized by expressive landscapes in vivid color. Beginning with his first trip to Afghanistan in the summer of 1969, Salvo's frequent journeys became a recurring source of inspiration. His paintings depict scenes from areas he lived in or visited, incorporating regional architectural motifs and native plant species, according to the gallery. The exhibition runs through July 12.
Bloomberg
12-06-2025
- Business
- Bloomberg
After Rocky May Auctions, the Rich Roll the Dice at Art Basel
When the Swiss edition of Art Basel opens to VIPs on June 17 (public days are the 19th through the 22nd), Pace gallery's booth will feature a 6-foot-tall Picasso priced 'in excess of' $30 million. Oftentimes, with a work this expensive (and even far less expensive), galleries do their utmost to secure a buyer well before the fair opens, soliciting offers in a phenomenon known as preselling. The fair opens, the collector shows up, and the work is officially sold then.
Forbes
08-05-2025
- Entertainment
- Forbes
Beyond ‘LOVE,' The Enduring Legacy Of Robert Indiana Resonates Deeply Through Pace Gallery Representation
Robert Indiana, A Divorced Man Has Never Been the President, 1961–62, oil on canvas, 60" × 48" ... More (152.4 cm × 121.9 cm), Throughout his presidency, John F. Kennedy averaged a 70.1% approval rating, handily the highest of any post-World War II U.S. president. While his alleged mistresses and lovers included movie stars Marilyn Monroe and Marlene Dietrich, White House intern Marion Fay "Mimi" Alford (née Beardsley), Judith Exner (who also claimed to be the paramour of Chicago Outfit boss Sam Giancana and mobster John "Handsome Johnny" Roselli), American painter Mary Pinchot Meyer, Swedish aristocrat Gunilla von Post, and Pamela Turnure (the first first Press Secretary hired to serve a U.S. First Lady), Kennedy only married once. More than six decades later, the country is led by a man who has been married three times and divorced twice, with the most dismal 100-day job approval rating of any president in the past 80 years. Robert Indiana was exposing the sanctimony of a system where leaders are held to higher standards than the people they serve, with his cutting critique in A Divorced Man Has Never Been the President (1961-1962). A preeminent figure in American art since that time, Indiana was directly referencing Nelson Rockefeller, who unsuccessfully sought the Republican presidential nomination in 1960, 1964, and 1968, losing the party's favor after he divorced his first wife Mary Todhunter Clark in 1962 and married Margaretta Large Fitler (A.K.A. Happy) a year later. A blue star in the center is flanked between each point by five green circles emblazoned with 'US' in blue, signifying the infusion of envy and greed into the colors of the American flag. The composition, featuring a circle emblazoned with text above stenciled letters expressing the title, recurs in Indiana's paintings from the early 1960s. In this work, Indiana eschews the periods in the abbreviation so that 'US' can be dually interpreted as the collective inhabitants and the country itself. In 1961-1962, the U.S. political climate was icy, amid escalating strife with the Soviet Union, but there was a warmth emanating from the burgeoning counterculture movement. Sadly, today's political revolt is divorced from the cultural and artistic values that define and empower humanity. The timing is uncannily ripe for Robert Indiana: The American Dream, a major exhibition at the New York flagship of Pace Gallery, showcasing pristine examples of paintings and sculpture created from the early 1960s and evolving over decades. The groundbreaking presentation opens Friday at the 540 West 25th Street gallery and remains on view until August 15. 'In our world, what's urgent is that really great artists have a tendency sometimes to disappear and to be rediscovered. It's always great to rediscover an artist, especially one who has such vast influence,' Pace CEO Marc Glimcher said in a phone interview. Indiana's oeuvre is 'deeply embedded in the context of his entire contribution to art and to Pop Art, which was enormous,' Glimcher continued. 'If we just look at all the artists using words and language to make their art today, and 10 years ago. and 20 years ago, we can see how much influence Robert Indiana had.' Robert Indiana, The Black Marilyn , 1967/1998 PAINTING Oil on canvas 102 x 102 in. (259.1 x 259.1 ... More cm), diamond This essential exhibition examines Indiana's inquiry into the duality of the American Dream, highlighting the connections between the artist's personal history and the social, political, and cultural nuances of postwar America. 'It's a treasure trove of work from the 60s, 70s, 80s, works we don't see that often. By this stage, there's only kind of late work left, usually when you start working with an artist like this. So we just have the capacity to show in the gallery a bunch of real masterworks, but we obviously got amazing loans from museums as well,' said Glimcher, who recalls meeting Indiana as a child. Indiana abandoned New York for Vinalhaven, Maine, in 1978, where he lived in the Star of Hope, a Victorian building that had previously served as an Odd Fellows Lodge. His departure from the New York art world was partially entangled in lawsuits, and Pace was indispensable in his profound rediscovery. The CEO's father, Arne Glimcher, the founder of Pace Gallery, included Indiana's work in a seminal 1962 group exhibition, Stock Up for the Holidays. Last year, Pace announced its global representation of The Robert Indiana Legacy Initiative, the primary organization advocating for the artist's achievement and maintaining a collection and archive of his extensive breadth of work. A pioneer who continues to influence generations of artists, Indiana utilized letters and numerals in his brazen sculptures, paintings, and prints, delving deep into American identity and iconography, and amplifying the power of abstraction. Indiana called himself an 'American painter of signs,' developing a singular graphic visual lexicon that transformed American art. Pace now champions Indiana as a luminary in the global art world. For many casual observers, Indiana is synonymous with his ubiquitous, quintessential LOVE sculptures with a slanted 'O'. The first iteration of the work in Cor-Ten steel was created in 1970, and acquired by the Indianapolis Museum of Art. With more than 50 LOVE sculptures around the world, there is often a lack of philosophical inquiry and the lazy temptation to take a monumental word at face value, especially in an Instagram age. Indiana was openly gay, though he didn't publicly display his sexuality. Instead, his art, particularly LOVE, was intertwined in his personal experiences and his romantic relationship with painter, sculptor, and printmaker Ellsworth Kelly. Robert Indiana, The American Dream , 1992, Cast: 2015 SCULPTURE Painted bronze 83 7/8 × 35 1/2 × 11 ... More 13/16 in. (213 × 90 × 30 cm) Edition of three plus one artist's proof. 'We started last year, when we had an exhibition called The Sweet Mystery, which was presented in Venice. We started with this sort of entry point into Indiana's world, arising in New York. One of the main aspects that we are trying to do as we are building upon the legacy of this great American artist is to introduce his storytelling. This idea of where his name comes from, where he came from, how he arrived to where he became a great American figure having created quite possibly, one of the most iconic works,' said Robert Indiana Legacy Initiative Managing Director Emeline Salama-Caro, who investigates 'what's behind him as an artist, what he's trying to convey. One of the most significant themes in his work, obviously, is that of the American Dream, which is an autobiographical reflection, but also profound commentary on the American Dream itself, both the optimism and the aspirations, but also the challenges and the contradictions. I think that, given today's social-political landscape, these things are more relevant than ever.' Robert Indiana, The Demuth Five, 1963, oil on canvas, 64" × 64" (162.6 cm × 162.6 cm), diamond, ... More PAINTING, #93211, Format of original photography: high res PSD Salama-Caro continued: 'What we're trying to do with this exhibition in New York, and all the exhibitions that we are thinking of, is to expand to a new generation, to engage with Indiana's poignant reflections of being an artist who's so connected with his identity to America. This is a person who was an extremely cerebral human being. This is someone who's very introspective, yet he came from the Midwest … It is very well documented about his life and being an adopted child and sort of not feeling that he was really part of this family, and all the difficulties and psychological traumas that came with that. But if you learn a little bit about him, he was a valedictorian, he was part of the Latin society. Poetry is something that's so important to him. He was able to travel outside of America. But he came back and realized that, for him, the landscape, the history, the geography (of America) is so integral to his work, and yet he's presenting it in a way, a style, that is so different to what we're seeing out of the postwar period. You've got this moment of Abstract Expressionism. There's a lot of gesture, there's all these layers, and as you start to unpack that, it's the story, it's the narrative which makes Indiana's work very interesting, and it can be related to so many different things that we're feeling today.' Robert Indiana, Apogee, 1970, oil on canvas, 60" × 50" (152.4 cm × 127 cm), PAINTING, ... More #91756, Alt # MAF-P-020, Format of original: high res TIF Born in 1928 as Robert Clark in New Castle, Indiana, some 44 miles east-northeast of Indianapolis, the artist proclaimed himself an 'American painter of signs' and his legacy positions him as a towering figure in art history. His career celebration comes full circle with a return to Pace, which unravels the verisimilitude of his persona and outlook on life, embracing the deep emotions behind his multi-faceted art. 'Everybody knows that the gestalt of the Abstract Expressionists was so intense and their lives showed it. And there's a (misconception) that these Pop Artists were having fun and being clever and not showing their soul. And that is not true. And that is especially not true for Robert Indiana,' said Marc Glimcher. 'His portrayal of the American Dream (embodies) all of his personal hope and torment, a very complex personal story, and this is true for all of those artists. This was still them spilling their guts.'
New York Times
07-05-2025
- Entertainment
- New York Times
With a Pace Gallery Show, Robert Mangold Demonstrates His Consistency
The abstract artist Robert Mangold has been so remarkably consistent and disciplined with his approach to painting and drawing that he makes pretty much everyone else look capricious and changeable. Mangold has been exploring geometry, form and color for more than 60 years, with a half-century of that time on a charming property here in the Hudson Valley with an old farmhouse and a barn. Now 87, Mangold has definitely slowed down. But he is still working, and he has a show of recent paintings and works on paper at Pace Gallery in Chelsea that opens on Friday. 'Robert Mangold: Pentagons and Folded Space' is timed to coincide with the busy spring art season in New York and remains on view until Aug. 15.
