Billionaire Leon Black was the anonymous buyer of Edvard Munch’s “The Scream” for $119.9 million at Sotheby’s, the Wall Street Journal reported, citing people close to the private equity manager.
The artist and publisher Klaus Staeck, president of Berlin’s Akademie der Kuenste , wrote about 100 faxes to his friend Sigmar Polke over the years. Polke, who died last year, wrote him just three in return.
Humor and absurdity invest the conceptual experiments of German artist Sigmar Polke now being shown at Leo Koenig Inc.
Sigmar Polke , one of Germany’s best-known artists, died last night from cancer at the age of 69, his dealer Erhard Klein said in a phone interview.
The contemporary-art market surged by 35 percent in 2011’s auctions as an influx of wealthy buyers sought refuge from financial turmoil.
“I have a disease,” says the ex- professor of endocrinology and former chairman of the German hair-products company Wella AG. “I collect.”
A wall of dots by Damien Hirst greets visitors to Deutsche Bank AG’s offices in London.
Max Hollein, the director of Frankfurt’s Staedel Museum, is defying Europe’s debt crisis by expanding the museum underground to double its space and create room for some hefty loans from banks.
The market for contemporary art is more resilient than it was three years ago, according to Dallas- based collector Howard Rachofsky.
Dealers hailed a recovery in the market for contemporary art last night after the biggest auction held in London.