In 2011, Russian billionaire Leonid Mikhelson helped pay for a giant stainless-steel slide during a retrospective by Belgian artist Carsten Holler at the New Museum of Contemporary Art in New York. It was the most popular exhibition in the museum’s 35-year history.
On an overcast day in London, the city’s mayor, the chief executive officer of the world’s biggest steelmaker ArcelorMittal, and artist Anish Kapoor congregate at the top of the U.K.’s tallest sculpture.
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 .
Assistants raced to construct a 26- foot-high steel orb in time for the opening. Anish Kapoor, creator of the piece, balanced on the edge of a Le Corbusier chair in the gallery’s waiting room, looking rather calm.
An exhibition has opened in London with, if not everything, virtually everyone in it: Romans, Greeks, Indians, Germans, Chinese and Africans, plus Picasso, Donatello, Matisse, Ghiberti, Anish Kapoor, possibly Leonardo da Vinci, and certainly his nephew.
A Joan Miro painting priced at $8 million was among the flurry of big-ticket sales last night at FIAC as Paris’s biggest contemporary art fair faced the twin threat of local wealth taxes and an expanded Frieze in London.