In his Conceptual, travel artwork “Viaggi postali (Postal Voyages)” (1969-70), Alighiero Boetti, using imaginary addresses, mailed 25 letters to 25 friends, family members and artists, including his mentor and hero Marcel Duchamp.
As the fine art market rebounds from a two-year slump, investors should consider what happened when two established appraisers were called upon to place a value on Hole and Vessel II, an abstract sculpture by Anish Kapoor .
A sale by auction house Bonhams and an exhibition co-organized by the Saatchi Gallery are boosting confidence in the market for contemporary art amid worries about renewed financial turbulence, dealers said.
Jeff Koons, Lucian Freud and Gerhard Richter artworks will be among more than $500 million worth of contemporary pieces on offer this week at auctions and fairs in London. Dealers are hoping that demand holds up from billionaire buyers after stocks dived on worries about government debts.
The Museum of Contemporary Art of Rome, known as Macro, has had the bright idea of looking at neon art since the 1950s, gathering about 70 works by more than 50 artists including Dan Flavin and Bruce Nauman.