InstitutionsArtists 05-01-2018

January 5 | Andy Warhol’s Orange Marilyn might have sold for €250 million

Following a rumoured private sale to American investor Kenneth Griffin, a new sales record might have been set for artist Andy Warhol. Elsewhere, Damien Hirst teases the art world — yet again.

Andy Warhol’s Orange Marilyn might have sold for €250 million

When it sold at Sotheby’s in 1998, the work realized $17.3 million — smashing the artist’s previous auction record. Today, rumour has it that American investor Kenneth Griffin might have acquired the work in a private sale for a whopping $250 million. Should the sale be confirmed, it would represent a new record for the king of Pop Art. More via Art Market Monitor.



The Metropolitan Museum of Art to start charging entry fee to non-New Yorkers

The Metropolitan Museum of Art has announced that it will begin charging a $25 entry fee to non New Yorkers as of March 1. Until now, entry was based on a voluntary contribution on the part of visitors; in 2004, 63% of them paid an entry fee, whereas today, a staggering 83% of visitors choose not to pay to visit the museum.

“We are committed to achieving excellence in all that we do, and we are determined that the museum will remain accessible to as many visitors as possible while it also thrives as a financially stable institution.” said H. Weiss, president and CEO of the Met. The museum, which welcomes more than $7 million visitors each year, is currently battling with an annual deficit of $10 million. More via The Art Newspaper.




Netflix releases mockumentary on Damien Hirst’s “Treasures from the Wreck of the Unbelievable”

The streaming services giant has recently released a mockumentary documenting the — entirely fictional — “recovery” of the 189 artifacts and artworks featured in Hirst’s latest exhibitions, “Treasures from the Wreck of the Unbelievable”, which closed in Venice last month.

The exhibition, which took over the two gallery spaces of Palazzo Grassi and Punta della Dogana in Venice, was defined by the artist as its "most ambitious and complex project to date". More via The Art Newspaper.


‘Hydra and Kali’ being lifted out of the water. Photographed by Christoph Gerigk © Damien Hirst and Science Ltd. All rights reserved, DACS 2017



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