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caveartfair · 6 years ago

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What Sold at Frieze and TEFAF in New York

Derek Fordjour,Top-Ten ALLSTARS, 2019. Courtesy of Night Gallery.

Amid the miasma of art fairs and museum-quality gallery exhibitions that engulfed New York City last week, one transaction stood out: Jay-Z and his wife, Beyoncé Knowles, purchased Derek Fordjour’s Top-Ten ALLSTARS (2019)—a single work consisting of 10 boldly colorful portraits—for $200,000 from the Night Gallery booth at Frieze New York.

It’s not entirely surprising that the biggest couple in entertainment got swept up in what’s become arguably the most jam-packed period for the city’s contemporary art world. The week now boasts two world-class fairs in Frieze New York, on Randall’s Island, and TEFAF New York Spring, in the Park Avenue Armory; as well as the New Art Dealers Alliance’s ongoing show on Governors Island, the 1-54 Contemporary African Art Fair, and Object & Thing—a new fair in Bushwick, Brooklyn, which combines a scruffy boutique aesthetic, a new booth fee model where galleries only pay according to how much they sell, and radical sales transparency.

Amid the fairs, blockbuster shows alighted at points all across Manhattan. On a five-block stretch of Madison Avenue, one could see exhibitions devoted to Lucian Freud, Andy Warhol, Willem de Kooning, and Pablo Picasso, all stuffed with pricey masterpieces. The Picasso show at Gagosian includes a painting Steve Cohen bought from Steve Wynn for $155 million, and the de Kooning show at Mnuchin has Cohen’s Woman III (1952–53), which he purchased from David Geffen in 2006 for $137.5 million. The Warhol exhibition at Lévy Gorvy has Peter Brant’s Licorice Marilyn (1962); Warhol’s Marilyn Monroe paintings have sold for as much as $250 million privately.

And the auction houses swung open their doors for previews on Friday, letting the public see works such as Jeff Koons’s Rabbit (1986), which could sell for as much as $70 million at Christie’s, and Mark Rothko’s Untitled (1960), which could sell for $50 million at Sotheby’s.

But many of the trophy works at the galleries are on loan, and not for sale. We have to wait another week until the bellwether New York evening sales start to see what happens with those top lots. Meanwhile, at the fairs, dealers were selling work at lower price points, but the operations overall set the tone for a week that once again confirmed New York’s position at the center of the art market in North America—and perhaps the world.

Frieze New York sales

Jaume Plensa, Behind the Walls, 2019, presented by Richard Gray Gallery and Galerie Lelong, Frieze Sculpture at Rockefeller Center, New York, 2019. Photo by Timothy Schenck. Courtesy of Timothy Schenck/Frieze.

Georg Baselitz’s Pawlow in Oslo (2010) sold for €750,000 (about $840,000) at Galerie Thaddeus Ropac’s booth.

Ropac also sold Baselitz’s Night of the Nightingale IV (Oboznenko) (1998) for €500,000 (about $565,000).

Robert Longo’s Untitled (Rose, November 22, 2017) (2017) sold for $600,000 at the Thaddeus Ropac booth.

Red Grooms’s The Bus (1995), a monumental sculpture installed in the Spotlight sector by Marlborough Contemporary, sold for $550,000.

A Mary Corse painting sold at the Kayne Griffin Corcoran booth for $300,000.

A Doug Aitken work sold at the 303 Gallery booth for $350,000.

Jenny Holzer’s TOP SECRET ENDGAME (2019) sold for $300,000 at the Hauser & Wirth booth.

Holzer’s to endure (2019), also in Hauser & Wirth’s booth, also sold for $300,000.

Holzer’s DO NOT CIRCULATE (2019) sold for $200,000 in the same Hauser & Wirth presentation.

David Zwirner sold all six brand-new large-scale paintings by Harold Ancart, said to be in the range of $200,000 each.

After two straight years where weather undermined the Frieze New York operation, the fair was facing an existential conundrum. Since the inaugural Frieze fair in Los Angeles was lauded for its relatively small-scale 70-gallery format, dealers, collectors, and advisors were all asking: Should the New York fair continue as a 180-gallery behemoth? Judging by the exhibitor list this year, something seemed off. Several galleries—including Blum & Poe, Gavin Brown’s Enterprise, Anton Kern Gallery, and Esther Schipper—opted out of Frieze New York this year. Others, such as Pace, Skarstedt, Marian Goodman, Almine Rech, and Matthew Marks, not only opted out of Frieze, but decided to participate in the concurrent TEFAF fair instead.

But Loring Randolph, the Frieze artistic director, said fears of a shift in power were unfounded, and that instead of downsizing, the fair was doubling down on New York. This meant adding programming such as Frieze Sculpture in Rockefeller Center, a booth showing virtual reality works curated by Daniel Birnbaum, and collaborations with El Museo del Barrio, the Drawing Center, and the Outsider Art Fair. There is a reason, Randolph said, despite the proliferation of fairs and exhibitions, that the week is still widely referred to as “Frieze Week.”

Harold Ancart, Untitled, 2019. © Harold Ancart/SABAM, Brussels. Photo by JSP Art Photography. Courtesy of the artist and David Zwirner.

“The fair is the anchor of everything—it really is what brings a lot of international people to New York, and it’s what provides the platform for the other fairs to exist this week,” said Randolph, who was previously a director at New York’s Casey Kaplan Gallery. “I know from working for a gallery for so long that it was also one of our busiest weeks. So it’s an event that generates a lot of excitement and enthusiasm for what’s going on in the art world, and we’re the catalyst—which is why we call it Frieze Week.”

The Red Grooms sculpture The Bus was certainly one of the highlights, as it is the size of a real bus and filled with intricately detailed straphangers. It passed the ever-important Instagram test, appearing in the feeds of hundreds (if not thousands) of visitors. What began as a tricky install became a smash hit when Marlborough sold it to a Rotterdam institution hours into the fair, said Max Levai, the principal director of Marlborough Contemporary.

Gagosian also brought A-game material to Frieze, despite also showing at TEFAF and hosting shows of new work by Jeff Wall and Jonas Wood at its galleries in Chelsea—and putting together the awe-inspiring Picasso show, which it did in just over a month. Steven Parrino works hung amid an installation of works by John Chamberlain, which, priced in the range of $3 million, were among the most expensive works at the fair. (Some pointed out that the pairing was a tad discomforting, given that Parrino died in a motorcycle accident at age 46, and Chamberlain’s sculptures are made of crumpled car parts.)

Hauser & Wirth was also doing both of the week’s prestige fairs, and at Frieze, it staged its first Jenny Holzer solo booth since announcing that it would be representing the artist in the U.S., building on its previous arrangement with her in Europe. As ever, the work was timely: Her “Redaction Paintings” series is based on the Mueller Report.

Marc Payot, a partner and vice president at the gallery, said that while several of his colleagues at other New York galleries have ditched one fair for another or opted out of both to focus on the programming in their local spaces, Hauser & Wirth is committed to both expos.

“For us, it’s important because we can serve a very different part of our program to an entirely different audience,” Payot said. “Being in New York, of course we participate in the important New York fairs.”

TEFAF New York Spring sales

Installation view of Red Groom, The Bus, 1995, at Frieze New York, 2019. Photo by Mark Blower. Courtesy of Mark Blower/Frieze.

A 2011 George Condo painting sold at the Simon Lee Gallery booth for $2.2 million.

Concetto Spaziale (1962) by Lucio Fontana sold for $2 million at the Cardi booth.

Thirty-eight drawings by Georg Baselitz sold at the Galerie Thaddeus Ropac booth for €1 million ($1.1 million), and another Baselitz, a large painting, sold for an undisclosed price.

Pace sold the Jean Dubuffet ceramic piece Personnage (1965), the painting Fait Divers (1981), and two black-and-white works on paper. The prices ranged from $600,000 to $3 million.

TEFAF New York Spring has only been around since 2017, but already, it has established itself as a must-attend fair for most of the country’s trophy-hunting art collectors. Not only was there an Amedeo Modigliani painting, Jeune fille assise, les cheveux dénoués (Jeune fille en blue) (1919), on sale for $30 million at the Hammer Gallery booth, and a $20-million Paul Gauguin work, Joseph and the Wife of Potiphar (1896), at the Wildenstein Gallery booth, there were also billionaires with more than enough funds to purchase them, including David Geffen, Barry Diller, Ronald Lauder, and David Mugrabi.

That doesn’t mean things were flying off the walls. The tight, 90-gallery fair appeals to the type of secondary market mavens who play the long game and bring works that may not actually sell here, but could in a private transaction down the line. Case in point: Christophe Van de Weghe once again hauled out Jean-Michel Basquiat’s 1983 painting Onion Gum, which gave me what I called “severe art-world déjà vu” as I had already seen it in his booths at FIAC in October, Art Basel in Miami Beach in December, TEFAF Maastricht earlier in March, and at Art Basel Hong Kong later that month. It’s also worth noting that TEFAF stays open through Tuesday, giving collectors a couple more days to buy.

But the fact that TEFAF is luring big shops away from Frieze signals that it’s a fair on equal footing, even if it is half the size.

“I think Frieze is wonderful, I think we have different work going to both fairs, but we have a few dealers that overlap that bring different inventory, and they tend to really like that,” said Sofie Scheerlinck, the managing director of TEFAF New York. “That overlap is so important and we both value that, in my opinion.”

Paysage avec 2 personnages, May 8-1980. Jean Dubuffet Pace Gallery

Situation CIX (Site agreste à l'auto), February 28-1979. Jean Dubuffet Pace Gallery

One of the galleries that left Frieze for TEFAF is Pace, which is doing the fair for the first time, and saw success selling Dubuffets at a price point well beyond what would have worked at Frieze.

“A great deal of the collectors that we used to see at Frieze are now TEFAF clients,” said Adam Scheffer, a vice president at the gallery. “I think the market has shifted, I think people are looking for real historical, blue-chip works for which there is real art-historical merit, and there’s market value. We’ve had some very significant sales to people who previously were not well-associated with Dubuffet.”

But despite the very serious nature of such high-value works, Pace was still able to give fairgoers a bit of the interactive, Instagram-friendly spectacle that keeps visitors coming back to these expos all over the world—even amid the rise of online viewing rooms that make buying possible without booking a flight and the very real malaise called “fairtigue.” The gallery hired a dancer to play an animated Dubuffet painting that appeared in dance-based works such as Coucou Bazar, and the colorful sprite flitted among the well-heeled collectors and the men shucking oysters at the entrance to the fair’s main space.

And, as Scheerlinck made clear, the fair—with its $30-million paintings and spreads of champagne and fresh shellfish—will be back for next year.

“I heard from someone that we were gonna move the fair to Nashville,” she joked. “No, we’re committed to New York. Three years in, we’ve really established ourselves, and we’re definitely here for the long run.”

from Artsy News

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