The Orange Balloon Dog

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The Orange Balloon Dog Page 22

by Don Thompson


  Vogel, Carol. “Think Big. Build Big. Sell Big: Whitney Retrospective for Jeff Koons’ Monumental Ambitions.” The New York Times, June 11, 2014.

  Chapter 4 $26 Million for Nine Words

  Ganek, Danielle. Lulu Meets God and Doubts Him. New York: Plume, 2008.

  Silver, Vernon and James Tarmy. “The 350,000 Percent Rise of Christopher Wool’s Masterpiece Painting.” Bloomberg, October 9, 2014.

  Chapter 5 Jeff Koons and Popeye

  Plagens, Peter. “Confectionary Overload.” The Wall Street Journal, July 21, 2014.

  Rosenbaum, Lee (CultureGrrl). “Koons, Whitney, Wynn and My ‘Greater Fool’ Theory of Trophy Art.” July 24, 2014.

  Salmon, Felix. “Jeff Koons: a master innovator turning money into art.” The Guardian, July 3, 2014.

  Sischy, Ingrid. “Jeff Koons Is Back!” Vanity Fair, July 20, 2014.

  Vogel, Carol. “Think Big. Build Big. Sell Big: Whitney Retrospective for Jeff Koons’ Monumental Ambitions.” The New York Times, June 11, 2014.

  Chapter 6 Ludwig’s Play-Doh

  Goldstein, Andrew M. “Dealer Adam Lindemann on Picking Winners in a Superheated Art Market.” Artspace, June 11, 2014. This is the article where Lindemann discusses flipping Koons’ Hanging Heart sculpture.

  Chapter 8 Foraging for Collectors and Consignors

  Crow, Kelly. “The Art World’s High-Roller Specialist.” The Wall Street Journal, November 6, 2014.

  Mead, Rebecca. “The Daredevil of the Auction World.” The New Yorker, July 4, 2016.

  Chapter 9 Lisson Goes to New York

  Paumgarten, Nick. “Dealer’s Hand: Why Are so Many People Paying so Much Money for Art? Ask David Zwirner.” The New Yorker, December 2, 2013.

  Resch, Magnus. Management of Art Galleries. Ostfildern: Hatje Cantz (2014). This is a doctoral dissertation, originally a bestseller on Amazon. It sets out options followed by successful galleries.

  Tully, Judd. “London Calling.” Blouin Art+Auction, June 2014.

  Chapter 10 the Art Adviser

  Crow, Kelly. “Christie’s to Lose Contemporary-Art Chief.” The Wall Street Journal, December 13, 2013.

  “Fiduciary.” Investopedia. October 7, 2016. http://www.investopedia.com/terms/f/fiduciary.asp.

  Goldstein, Andrew M. “Art Advisor Annelien Bruins on the Realities of Art Investment.” ArtSpace, February 12, 2014.

  “International Fair Report 2016.” London; New York: The Art Newspaper International Edition, June 2016.

  Kazanjian, Dodie. “What Does Amy Cappellazzo’s Move from Christie’s Say About the Changing Face of the Art Market?” Vogue, March 7, 2014.

  Pogrebin, Robin and Graham Bowley. “Soaring Art Market Attracts a New Breed of Advisers for Collectors.” The New York Times, August 22, 2015.

  Chapter 11 Perelman v. Gagosian

  Dolmetsch, Chris. “N.Y. Art Gallery Owner Gagosian Wins End to Perelman Suit.” Bloomberg, December 4, 2014.

  Frank, Robert. “The Feud That’s Shaking Gallery Walls.” The New York Times, October 18, 2014.

  Halpern, Julia. “Trust No One: Victory for Gagosian in Two-Year Case.” The Art Newspaper, January 2015.

  Konigsberg, Eric. “The Trials of Art Superdealer Larry Gagosian.” New York Magazine, January 28, 2013.

  The initial decision in the cases discussed in the chapter is Kapnick, Barbara R. MAFG Art Fund, LLC v Gagosian. 2014 NY Slip OP 30321 (U). New York: Supreme Court of the State of New York, February 3, 2014. This is the ruling of Justice Barbara Kapnick, and includes identification of the works of art included in the proposed art swap.

  The appeal court decision is MAFG Art Fund, LLC v Gagosian. 2014 NY Slip OP 08499. New York: Supreme Court of the State of New York, December 4, 2014.

  The ABA case mentioned is Arthur Properties, S.A. v ABA Gallery, Inc. No. 11 Civ. 4409. Southern District of New York: US District Court, November 28, 2011.

  The Cowles case is Cowles v Gagosian. 2012 NY Slip OP 33156 (U). New York County: Supreme Court of the State of New York, August 22, 2012. Citing DDJ Mgt. LLC v Rhone Group LLC. 2010 NY Slip OP 05603 [15 NY3d 147]. New York: Court of Appeals, June 24, 2010.

  Chapter 12 The Knoedler Fakes

  Bowley, Graham. “Peter Doig Says He Didn’t Paint This. Now He Has to Prove It.” The New York Times, July 7, 2016.

  Charney, Noah. The Art of Forgery: The Minds, Motives and Methods of Master Forgers. London: Phaidon Press Ltd, 2015.

  Cohen, Patricia. “Suitable for Suing.” The New York Times, February 22, 2012.

  Kinsella, Eileen. “Dodgy eBay Sellers Peddle Tall Tales and Fake Art.” artnet News, July 9, 2014.

  Maloney, Jennifer. “The Deep Freeze in Art Authentication.” The Wall Street Journal, April 24, 2014.

  Perenyi, Ken. Caveat Emptor: The Secret Life of an American Art Forger. New York: Pegasus Books, 2013.

  Chapter 13 Government-Plundered Art

  Cascone, Sarah. “Reclaiming Art Seized by Castro’s Government Will Be An Uphill Battle.” artnet News, January 8, 2015.

  O’Grady, Mary Anastasia. “Castro’s Art Theft Puts Sotheby’s on the Spot.” The Wall Street Journal, October 29, 2004.

  “In the Shadow of the Holocaust: An Art Trove Exposes a Legal Vacuum.” The Economist, November 30, 2013.

  Mashberg, Tom. “A Son Seeks Art Looted by the East Germans.” The New York Times, November 27, 2014.

  Tully, Judd. “A New Cuban Front.” Blouin Art+Auction, March 2015.

  Chapter 14 Freeports and Tax Ploys

  Alden, William. “Art for Money’s Sake.” The New York Times Sunday Magazine, February 3, 2015.

  Bowley, Graham and Doreen Carvajal. “One of the World’s Greatest Art Collections Hides Behind This Fence.” The New York Times, May 28, 2016.

  De Sanctis, Fausto Martin. Money Laundering Through Art: A Criminal Justice Perspective. Cham; New York: Springer, 2013. This is a doctoral dissertation written from a legal perspective. If you are interested in the use of Bitcoins and other minutia in art dodges, this is the book.

  Segal, David. “Swiss Freeports Are Home for a Growing Treasury of Art.” International New York Times, July 21, 2012.

  “Über-Warehouses for the Ultra-Rich.” The Economist, November 23, 2013.

  Wayne, Leslie. “Cook Islands, a Paradise of Untouchable Assets.” The New York Times, December 14, 2013.

  Chapter 15 The Uneasy Marriage of Art + Fashion

  Currid, Elizabeth. The Warhol Economy: How Fashion, Art and Music Drive New York City. Princeton: Princeton University Press, 2007.

  Farago, Jason. “Thom Browne’s Shoes: High Fashion and High Art.” The New York Times, March 17, 2016.

  Gregory, Alice. “Art and Fashion: The Mutual Appreciation Society.” The Wall Street Journal, March 28, 2014.

  Kubler, Alison and Mitchell Oakley Smith. Art/Fashion in the 21st Century. New York: Thames & Hudson, 2013.

  Warhol, Andy and Pat Hackett. POPISM: The Warhol Sixties. Orlando: Mariner Books, 2006. www.whereartmeetsfashion.wordpress.com for other examples of art + fashion.

  Chapter 16 Art Market Regulation

  Adam, Georgina. “Guidelines to regulate market are an ‘impossible dream’.” The Art Newspaper, March 2015.

  Gapper, John and Peter Aspden. “Nouriel Roubini Says Art Market Needs Regulation.” Financial Times, January 22, 2015.

  Gapper, John. “Art worlds shady dealings under scrutiny at Davos.” Financial Times, January 22, 2015.

  Gerlis, Melanie. Art as an Investment?: A Survey of Comparative Assets. Farnham: Lund Humphries, 2014.

  Heddaya, Mostafa. “A Regulated Art Market?” Blouin Art+Auction, April 2015.

  Reyburn, Scott. “Can an Economist’s Theory Apply to Art?” The New York Times, April 20, 2014.

  Chapter 17 Art in an Uber World

  Alden, William. “Art for Money’s Sake.” New York Times Magazine, February 3, 2015.

  gallerypoulsen. Instagram post. March 5, 2015. https://instagram.com/p/z2ci5MRSyy/. The Poulsen pho
to shot from the Pulse Art fair. The Nachlass work is at the center rear.

  “Out with the old, in with the new.” The Economist, January 3, 2013.

  de Pury, Simon and William Stadiem. The Auctioneer: Adventures in the Art Trade. New York: St. Martin’s Press, 2016.

  Winkleman, Edward. Selling Contemporary Art: How to Navigate the Evolving Market. New York: Allworth Press, 2015.

  Chapter 18 Not Your Father’s Museum

  Art Museums by the Numbers 2014. Association of Art Museum Directors, 2015. This is the source for funding information on art museums in the chapter. It is based on responses from 204 museums in the United States and 16 in Canada and Mexico.

  Cohen, Patricia. “Writing Off the Warhol Next Door.” The New York Times, January 10, 2015.

  Crow, Kelly. “The New Whitney Marks a Change in Museum Design.” The Wall Street Journal, April 9, 2015.

  Goldstein, Andrew M. “How Arnold Lehman Transformed the Brooklyn Museum from a ‘Startup’ to a Cultural Juggernaut.” Artspace Magazine, April 4, 2015.

  Goldstein, Andrew M. “Arnold Lehman on the Future of the Brooklyn Museum,” Artspace Magazine, April 6, 2015.

  Sheets, Hilarie M. “Blurring the Museum-Gallery Divide.” The New York Times, June 18, 2015.

  Vogel, Carol. “A Collector’s Personal Perspective.” The New York Times, October 12, 2014.

  Vogel, Carol. “Like Half the National Gallery in Your Backyard.” The New York Times, April 18, 2013.

  Chapter 19 Museum Exhibitions

  Halperin, Julia. “Almost one third of solo shows in US museums go to artists represented by just five galleries.” The Art Newspaper, April 2, 2015.

  Martinez, Alanna. “Art World Power Is All About Who You Know—And What Gallery You Show At.” New York Observer, April 3, 2015.

  Chapter 20 Private Museums

  Barnes, Brooks. “The Art Museum in Steve Tisch’s Backyard.” The New York Times, May 14, 2016.

  Cooper, Andrew Scott. The Fall of Heaven: The Pahlavis and the Final Days of Imperial Iran. New York: Henry Holt and Co, 2016.

  Chapter 21 The Most Influential Buyer

  Pogrebin, Robin. “Qatari Riches Are Buying Art World Influence.” The New York Times, July 22, 2013.

  Vogel, Carol. “Sheikha al-Mayassa bint Hamad bin Khalifa al-Thani of Qatar Museums.” The New York Times, December 26, 2013.

  Chapter 22 Gaming the Art Bubble

  Kazakina, Katya. “Art Flippers Chase Fresh Stars as Murillo’s Doodles Soar.” Bloomberg, February 7, 2014.

  Postscript

  Taubman, A. Alfred. Threshold Resistance: The Extraordinary Career of a Luxury Retailing Pioneer. New York: Harper Collins, 2007. This is Taubman’s memoir.

  Index

  All art is listed under artist. The locator INS indicates a colour photo in the insert section shown here.

  Abu Dhabi, 189, 193

  Acquavella, William, 29, 191

  al-Thani, Sheikha al-Mayassa bint Hamad bin Khalifa (the Sheikha), 187, 192

  Altmann, Maria, 113

  Amazon, 153

  Anderson, Maxwell, 170

  Anfam, David, 106

  Arnault, Bernard, 62, 129, INS

  Arndt, Matthias, 85

  Arsham, Daniel

  Future Relic (film), 92

  art

  derivatives, 140, 142

  and fashion, 129, 133

  luxury branding, 15, 60, 133, 136, 211

  movements, 132

  status symbol of, 15, 20, 78, 87, 135

  art advisers, 92, 143

  conflicts of interest, 59, 89

  new models, 88, 156

  role, 13, 85

  See also Art Agency, Partners; Cappellazzo, Amy

  Art Agency, Partners (AAP), 58, 85, 88

  Art Basel Fairs, 10, 84, 121, 132, 151, 158

  art fairs, 13, 155, 176

  artist exposure, 78

  effect of 2008 recession, 198

  online presence, 158

  See also Art Basel Fairs; freeports

  Art Genome Project algorithm, 158

  art investing, 13, 50, 200

  activist, 53

  flipping, 24, 48, 86, 98, 199

  freeport hypothetical example, 125

  future outcomes exercises, 204

  tools for, 86, 156

  art market regulation, 139

  art market, contemporary, 24, 149, 173

  demographics, 66, 201

  inner workings, 13, 14, 95, 157

  middle market, 55

  rationality of, 9

  art market, economics, 14

  anchoring, 202

  bonuses and windfall gains, 37

  bulk selling concerns, 24

  endowment effect, 22, 69

  estimating future demand, 206

  impact of the Sheikha, 189

  loss aversion, 177

  market conditions, 203

  market cycles, 9, 197, 200

  network effects, 160

  price bubbles, 13, 30, 38, 141, 197

  price variables, 35, 80, 205

  selection bias, 140

  art online, 60

  access to information, 149, 159

  early adopters, 151

  high-end disruptive sites, 156

  Instagram, 159

  peer-to-peer models, 153

  reluctance to embrace, 150

  art world, contemporary

  information asymmetry, 87, 142, 202

  insiders, 24, 36, 143, 200, 203

  London v. New York, 73

  sexism, 174

  artists, 78

  art of more, the, 12

  dealer v. art agent, 84, 89

  emerging, 13

  high-end, 74, 97, 174

  need for exposure, 77

  price data, 101

  production agents, 91

  See also art online; ArtRank

  ArtRank, 13, 156

  Artsy, 157

  ArtTactic, 13

  ArtViatic, 157

  auction houses, 69, 198

  anchoring, 202

  due diligence, 109

  guarantee, 69, 140, 143, 201

  nudge, 14, 28, 176, 201

  online sales, 60

  profit margins, 54

  specialists, 38, 65, 140, 157

  See also auctions; Christie’s; Phillips; Sotheby’s

  auctions, 9, 13, 19

  process, 21, 28, 55

  Austrian government, 113

  authentication, 35, 124, 157

  authenticity repository, 144

  due diligence, 55, 109

  false provenance, 119

  See also crimes and disputes

  Axelrod, Maura

  Maurizio Cattelan: The Movie, 92

  Bacon, Francis

  Three Studies of Lucian Freud, 27, INS

  Two Figures Lying on a Bed With Attendants, 184

  Barbizet, Patricia, 57

  Bell, Bill, 50

  Beshty, Walead, 156

  Bonhams, 15

  Bouvier, Yves, 89

  Brant, Peter, 23, 182, 203

  British Museum, 193

  Broad, Edythe, 179

  Broad, Eli, 21, 43, 49, 179

  Broad, The (museum), 179

  Brooklyn Museum, 164, 168

  Brueghel the Elder, Jan

  The Garden of Eden With the Fall of Man, 37

  Bruins, Annelien, 85, 91

  Cappellazzo, Amy, 38, 91, 151

  formed AAP, 58, 83, 87

  Centre Pompidou (Paris), 189

  Cerutti, Guillaume, 57

  Cézanne, Paul

  Card Players, 190

  Chanel, 130

  mobile art, 135, INS

  China, 63, 133, 136

  art market crackdown, 199

  freeports, 122, 124

  new to art world, 57, 60, 66

  Chinn, Adam, 88

  Christie’s, 34, 119, 142, 153

  advertising, 15

  Apocalypse Now aucti
on (2013), 33

  attracting clients, 65

  Ganz Collection, 126

  intelligence on clients, 68

  Orange Balloon Dog auction (2013), 19

  revenue, 55, 61

  staffdepartures, 57, 60, 83, 86, 89

  standout sales, 9

  supporting museum exhibitions, 43

  Three Studies auction (2013), 27

  v. Sotheby’s, 54, 59, 60

  Cohen, Lyor, 68

  Cohen, Steven, 11, 85, 90, 185

  collects Jeff Koons’ art, 21, 42, 43

  reasons for bulk selling, 24

  Connery Pissarro Seydoux, 87, 209

  Connery, Stephane, 86

  contemporary art market. See art market, contemporary

  Cook Islands, 127

  Coorte, Adriaen

  Four Chestnuts (Still Life with Chestnuts), 116

  Costantini, Anthony, 116

  Creative Artists Agency, 92

  crimes and disputes

  Doig authentication case, 110

  government-sanctioned seizures, 113

  Knoedler fakes, 103

  Paphos suit, 99

  Popeye suit, 96

  See also freeports; Panama Papers

  Cuban government, 116

  da Vinci, Leonardo

  Mona Lisa, 205

  The Last Supper, 205

  The Virgin and Child with St. Anne, 205

  Dahl, Roald, 74

  Dallas Museum of Art (DMA), 170

  Dannheisser, Elaine and Werner, 35

  David Geffen Foundation, 11

  David Zwirner gallery, 12, 50, 74, 78, 80

  See also Zwirner, David

  de Kooning, Willem

  Interchange, 11

  Woman III, 85, 185, INS

  de la Torre, Manuel, 118

  De Pury, 152

  de Pury, Simon, 85, 129, 152

  De Sole, Domenico, 106, 107

  dealers, 37, 43, 150

  brand and expansion, 76

  conflicts of interest, 89

 

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