George Lindemann Journal - "Fleeting Artworks, Melting Like Sugar" @nytimes by By BLAKE GOPNIK

George Lindemann Journal - "Fleeting Artworks, Melting Like Sugar" @nytimes by By BLAKE GOPNIK

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    One of the most substantial works of art to hit New York in years was with us for only two months. This week, the final vestiges of Kara Walker’s “A Subtlety, or the Marvelous Sugar Baby” were removed from the old sugar shed of the Domino factory in Williamsburg, Brooklyn, which will make way for apartments.

    The vast blocks of polystyrene foam at the heart of Ms. Walker’s sphinxlike monument have been cut up and cleaned and taken away for recycling by its supplier, the Insulation Corporation of America. The sphinx’s “skin,” coated in about 30 tons of sugar and not recyclable (or edible, after months of exposure to a leaking roof and the breath of well over 100,000 visitors) is being carried off to the dump by Action Carting. Three of the sphinx’s human-size attendants, cast in candy, had all but melted away by the show’s final weeks; 12 others, cast in plastic and coated in sugar, have been put on sale by Sikkema Jenkins gallery, as part of an edition of 15 sculptures it hopes to place in public institutions, for $100,000 to $200,000 each.

    Of the sphinx sculpture itself, the left hand alone is being preserved, as Ms. Walker’s souvenir of the landmark work.

    The artist was not present for the weeklong dismantling of her giant Baby and declined to be interviewed. Concerned about the emotions she’d suffer, her staff packed her off to a house in the woods. But rather than mourn the departure of her creation, Ms. Walker ought to take heart from her contribution to the grand tradition of ephemeral art. From Michelangelo to the Buddhist monks who make — and destroy — sand mandalas, artists have always been intrigued by impermanence.

    In the 1960s Happenings and performances left the barest trace. By 1970, the great “land artist” Robert Smithson had created Spiral Jetty, a coil of rock and earth. Reaching out from the shores of the Great Salt Lake, it was meant to disappear and reappear at nature’s will. That same year, Smithson poured glue down an embankment near Vancouver. An artist who photographed the event wrote that “its rapid disappearance was an embrace of a state of imperfection.”

    Ms. Walker’s most immediate predecessors include Tino Sehgal, who has become an art star by getting people to kiss, and calling it art, or by turning the Guggenheim Museum into a giant audience polling site. He doesn’t allow documentation of his projects; he won’t even issue a receipt to their buyers.

    But the great modern artists of the early 20th century were more in love with ephemerality.

    In 1917 Duchamp presented his urinal “Fountain” to the Society of Independent Artists in New York, which refused to show it. The sculpture itself — often judged the most influential work of its century — was promptly mislaid, without any mourning from Duchamp. It was meant to exist more as a provocative gesture, lodged in art history.

    Four years earlier, Kazimir Malevich, one of the first abstract artists, developed his Suprematist style designing stage sets for the futuristic Russian opera “Victory Over the Sun.” The décor was never meant to endure. Such projects’ short life allowed them to be that much more daring.

    Architecture embraced ephemerality with the Great Exhibition in London in 1851. That first world fair’s landmark was a “Crystal Palace” covered in a million square feet of plate glass; it survived only because it was later rebuilt in a nice South Bank suburb (where it burned down in 1936). The exhibition’s heirs in other cities, including New York and Chicago, were mostly dismantled once their exhibits went home.

    Food, an art that doesn’t last at all, except in memory, had touched on similar territory around the time of Napoleon. The French chef Marie-Antonin Carême realized that he could take advantage of food’s evanescence with an unlikely marriage to architecture, the most permanent art form. His table-filling classical cityscapes and ruins, built of nougat and sweetmeats, were found awesome and confusing — were they fleeting or enduring? (They drew on the medieval tradition of “subtleties,” dinner table centerpieces made of cast and spun sugar that no lord’s feast could do without; Ms. Walker cites those as a source for her own Domino project.) The most important ephemeral tradition in Western art may be what has come to be called the “triumphal entry.” In 1635 the great Peter Paul Rubens led his Antwerp colleagues in building triumphal arches and other decorations for the grand arrival of Ferdinand, brother of Philip IV of Spain. As the scholar Eric Monin has discovered, such temporary works were accompanied by lavish fireworks, a new art form that got much of its prestige, now lost, from being short-lived. In the late 1960s Judy Chicago revived the idea of fireworks as high art with a series of “Atmospheres” that she revisited last April in Prospect Park in Brooklyn.

    Even Michelangelo played an early part in creating artistic ephemera: One notably snowy day in 1494, a decade before he completed his great marble “David,” Michelangelo’s patron Piero de’ Medici commissioned him to do a kind of dry run for it, in the form of a heroic snowman. Giorgio Vasari, artist, writer and father of art history, wrote that, during the course of its tragically short life, the frozen figure was deemed “very beautiful.”

    Ms. Walker may be aware of this tradition’s power. In an interview with Artnet News, she talked about how she was attracted to sugar for “its temporality, that it’s here and then it’s gone”; her sphinx, she said, was conceived to be “very temporary. I’ve been thinking a lot about ruins, things like that.”

    Her “Sugar Baby” was an impressive sight, but half its impact came from the certain knowledge that it would not endure. Dare we say that, in the case of this biggest of all sweet confections, absence will make the heart grow fondant?

    "Hirst Work Gets a Fig Leaf" @nytimes by PATRICIA COHEN

    The developer Aby Rosen reached a deal to keep a 33-foot-tall Damien Hirst sculpture on his property in Old Westbury, N.Y. Credit Joshua Bright for The New York Times

    The naked lady stays.

    The planning board of the Village of Old Westbury, N.Y., agreed on Monday to allow the art collector Aby Rosen to keep “The Virgin Mother,” a 33-foot-tall painted bronze sculpture of a pregnant woman with an exposed fetus, by Damien Hirst, on his property. Neighbors had objected to the graphic sculpture, which could be glimpsed from a private road leading to Mr. Rosen’s estate. The outdoor art even prompted the board to consider enacting a law to prohibit any structures — including sculptures — from rising more than 25 feet.

    But a new landscaping plan has soothed critics, Mayor Fred J. Carillo said. The statue — with its partly ripped-away skin that reveals the woman’s skeleton as well as the fetus — will be installed in the pocket of a hill so that it rises only 25 feet above level ground. The statue will be turned so that the detailed anatomy will face the house instead of the road, and it will not have any artificial lighting.

     

    Finally, Mr. Rosen has agreed to maintain all-season landscaping that will shield the statue from view. Thus, the statue’s proverbial fig leaves will remain even in the fall and winter, when most other trees lose theirs.

    “They were very cooperative,” Mr. Carillo said of Mr. Rosen’s team.

    A real estate developer and avid art collector, Mr. Rosen also serves as chairman of the New York State Council on the Arts.

    The Old Westbury planning board also approved the siting of two other statues on Mr. Rosen’s property: “Wind-Up Hello Kitty,” a sculpture by Tom Sachs, and “Untitled: Figure Balancing on Dog,” by Keith Haring, Newsday reported.

    “The village approvals have all been obtained,” Peter MacKinnon, Mr. Rosen’s lawyer, said. “Everybody’s happy.”    

    George Lindemann Journal - "Detroit’s Art May Be Worth Billions, Report Says" @nytimes By RANDY KENNEDY

    George Lindemann Journal - "Detroit’s Art May Be Worth Billions, Report Says" @nytimes By RANDY KENNEDY

    A new expert appraisal of the Detroit Institute of Arts’ collection, which some creditors are demanding be sold to help pay municipal debts in the city’s bankruptcy case, has found that the works could be worth $2.7 billion to $4.6 billion.

    The appraisal, commissioned by the city and the museum in advance of a federal bankruptcy trial in August, also added that such a price tag would never be attained at sale, for reasons including donor lawsuits that would delay or prevent the sale of many valuable works, weakness in the market for some kinds of paintings, and lower sale prices because of the sheer bulk that would flood into the market at once. The appraiser, Artvest Partners, an art investment firm based in New York, said that because of these factors and the notoriety of such a forced sale from a venerable public institution, the bulk of the museum’s collection might raise as little as $850 million.

    “A significant segment of D.I.A.’s collection is in areas that have fallen out of favor with collectors, and that are underperforming their market peaks in 2007,” a report by the firm said, noting in particular old master and 19th-century European paintings and pre-1950s American art.

    The numbers and the report’s conclusions will undoubtedly be fought over fiercely at trial. Over the last several months, creditors have accused city officials of underestimating the value of the collection in order to protect it. The collection comprises more than 60,000 pieces, which are owned by the city and considered a municipal asset. Late last year, at the behest of Detroit’s emergency manager, Kevyn D. Orr, Christie’s appraised a small but significant portion of the collection, including some of the museum’s greatest masterpieces, and estimated that those works — by Pieter Bruegel the Elder, Michelangelo, Rembrandt, van Gogh and several others — would bring $454 million to $867 million if sold.

    That estimate, which looked only at works bought by the city that would not be subject to litigation by donors, took on great significance as private foundations and state lawmakers put together the so-called grand bargain, pledges of more than $800 million in private and state money to protect the art collection in exchange for helping the city to shore up pension funds.

    en.wikipedia.org/wiki/George_Lindemann, www.forbes.com/profile/george-lindemann, https://twitter.com/BassMuseumPres, http://www.nova.edu/alumni/profiles/george_lindemann.html, http://www.therichest.com/celebnetworth/celebrity-business/investors/george-lindemann-net-worth, george-lindemann-jr.com, http://www.bassmuseum.org/blog/george-lindemann-wins-inaugural-better-beach-awards, http://www.wharton.upenn.edu/125anniversaryissue/lindemann.html

    George Lindemann Journal "London Auctions Cap a Go-Go Season" @nytimes by By SCOTT REYBURN

    George Lindemann Journal "London Auctions Cap a Go-Go Season" @nytimes by By SCOTT REYBURN

    Francis Bacon’s ‘‘Three Studies for Portrait of George Dyer (on Light Ground)’’ from 1964 sold for £26.7 million. Credit Sotheby’s

     

    LONDON — The momentum seems unstoppable. Last week in London, Sotheby’s, Christie’s and Phillips raised an aggregate 200 million pounds, or about $340 million, from their evening sales of postwar and contemporary art, a 26 percent increase on the equivalent series of sales last summer.

    London’s sales came on the heels of an Art Basel fair in Switzerland last month, where an Andy Warhol self-portrait sold for about $30 million, and a blockbuster series of contemporary evening and day auctions in New York in May that totaled $1.6 billion.

    “The sleepy days of collecting are over,” said Amy Cappellazzo, the co-founder of the New York-based Art Agency, Partners, who was in London bidding on works by Lucio Fontana and Roy Lichtenstein on behalf of clients she advises. “The wealthiest of the wealthy now view art as an alternative currency. It’s become a very big business.”

    London was the latest stop in what has become a year-round traveling circus of auctions, fairs and gallery events. Contemporary art has become a global monoculture. If you’re seriously rich, and want to enhance your status and your wealth, why not buy top-tier contemporary art, as well as super-prime real estate in London and New York? This seemed to be the message Sotheby’s and Christie’s were trying to convey in the slickly presented views of their June 30 and July 1 auctions of art produced during the last 60 years.

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    ‘‘Country-rock (wing-mirror)’’ by Peter Doig brought a price of £8.5 million. Credit Sotheby’s

    But was the rise in overall sales a result of new clients entering the market, or was it simply that existing buyers were spending more money? There weren’t many new faces to be seen at these London sales, as there hadn’t been at Basel. Paradoxically, if that is the case, and new buyers aren’t flooding into the upper reaches of the art market in the way they did in 2007 and 2008, then it is less likely that the current expansion represents, as many people suspect, a speculative bubble.

    What is certain is that the wealthiest art buyers are concentrating their investment on a narrow range of low-risk “blue chip” names.

    Anders Petterson, the founder and managing director for the London-based analysts ArtTactic, said in an email that the 10 most expensive artists accounted for 73 percent of the £192.6 million aggregate total achieved at Sotheby’s and Christie’s evening sales.

    Francis Bacon is currently the contemporary market’s most valuable artist after the $142.4 million achieved for a large-scale triptych in New York in November. The Irish-born painter also topped the price lists at these latest Sotheby’s and Christie’s sales. Sotheby’s offered a small-scale that had been in a private collection in Milan since 1970. Christie’s had a 1967 head of Lucian Freud from the estate of the children’s author Roald Dahl. Four telephone bidders pushed the price on the triptych to £26.7 million, significantly above the upper estimate of £20 million. An unidentified private collector standing at the back of Christie’s sale room bought the head of Freud for £11.5 million, just below the unpublished upper estimate of £12 million. The seller of the latter work had been guaranteed an undisclosed minimum price, according to Christie’s catalog.

     

    Further research by Arts Economics, based in Dublin, has shown that of the 36,000 artists recorded in the worldwide auction market for postwar and contemporary art, fewer than 50 have sold for more than €10 million.

    The Scottish-born painter Peter Doig, who is usually sold in London, is one of only two living British artists (the other being Damien Hirst) who can reach that kind of price level. Sotheby’s guaranteed Mr. Doig’s critically acclaimed 1999 canvas, “Country-rock (wing-mirror),” showing an underpass in Toronto. Its estimate of £9 million proved too ambitious and it was bought by a telephone bidder for £8.5 million with fees. Christie’s, by contrast, placed a more modest valuation of £3 million to £5 million on the more decorative and mysterious 2002-4 landscape with a self-portrait of Mr. Doig in theatrical dress, “Gasthof,” and was rewarded with a price of £9.9 million from the dealer Larry Gagosian in the room.

    Elsewhere there was the usual procession of seven- and six-figure prices being paid for Andy Warhol silk screens, Lucio Fontana slashed canvases, Yves Klein rectangles of ultramarine and other signature works by postwar and contemporary’s investment-grade brands.

    The monotony of what at times felt like factory auctioneering was momentarily broken at Christie’s when Tracey Emin’s most famous and infamous work, “My Bed,” dating from 1998, sold from the Charles Saatchi collection for £2.5 million. The mellowing Ms. Emin, who was a leading figure in the Young British Artists (YBAs) group, installed the bed at Christie’s preview and was in the auction room to see it knocked down to her London dealer Jay Jopling.

    Less established artists remain an area of unpredictability. Phillips’s more modest £9.9 million evening sale on July 2, their last before moving to a plush new building in Berkeley Square, tested demand for some of the younger minimalist painters who have recently been generating speculative heat. In February at Sotheby’s, a large 2012 Lucien Smith “Rain” painting, one of an estimated 200 to 300 made by the artist with a fire extinguisher, sold for £224,500. At Phillips, another 2012 example of similar size sold for £116,500. Bidders seemed to have a more positive sense of the long-term values of the Cologne-based abstract painter David Ostrowski, whose ghostly 2012 canvas, “F (Gee Vaucher),” attracted at last five bidders before selling for £170,500, more than three times the estimate based on what galleries charge for his paintings when first released.

    At Christie’s post-auction press conference, Francis Outred, the company’s European head of contemporary art, said that although the evening’s buying had been dominated by established collectors, 190 clients from 28 countries had bid at the sale. That’s still just a tiny fraction of the world’s 199,235 individuals who each were estimated byUBS and the consultancy Wealth-X to have more than $30 million cash to spend in 2013. In other words, despite all the media reports devoted to the relentless growth of the art market, that night at Christie’s it remained the preserve of the 0.1 percent of the 0.1 percent.

    “It’s a relatively small pool of buyers,” Mr. Petterson said. “They’re financial people in a world of their own. But as long as this group finds monetary value and cultural status in these objects, that pool will remain stocked.”

    George Lindemann Journal - "Basel ‘mothership’ fair is bigger than ever" @miamiherald by Siobhan Morrissey

    George Lindemann Journal - "Basel ‘mothership’ fair is bigger than ever" @miamiherald by Siobhan Morrissey

    BASEL, Switzerland -- Go big or go home. That may well have been the watchword for the 45th presentation of Art Basel in this medieval city on the Rhine, where museum-scale installations dominated both the design and art exhibitions.

    Much like Art Basel Miami Beach, the Swiss fair opens with Design Miami a day before collectors and curators descend upon the main art fair, which began in Basel in 1970. For a city with an area of less than 10 square miles and fewer than 200,000 inhabitants, Basel holds bragging rights for hosting the biggest contemporary and modern art fair in the world.

    “Basel, Switzerland, is the mothership,” says gallerist Yancey Richardson. “It sets the bar.”

    Richardson runs a New York gallery that focuses on photography. She usually exhibits at Pulse, a satellite fair to Art Basel Miami Beach, and was in Basel simply to enjoy the show and learn about up-and-coming artists.

    Held the second week in June, the Basel fair was big in all manners of speaking. A record crowd of 92,000 people visited it. That’s 6,000 more than last year, and almost 20,000 more than the number who attended the sister fair in Miami Beach last December.

    “We expect that in Miami Beach we will see, as we have seen in Basel this week, the now truly global nature of Art Basel’s audience with new and many more collectors from faraway places,” Art Basel director Marc Spiegler told the Miami Herald by email at the conclusion of the fair.

    A new sector at the fair in which galleries present a curated focus on a single artist or one monumental work by a given artist is a harbinger of things to come at the Miami Beach fair this December, Spiegler said.

    That new sector was designed to draw an enthusiastic group of collectors, and that was just the kind of crowd that appealed to Steven Sacks, whose New York-based bitforms gallery exhibited a museum-quality video installation by Beryl Korot.

    “This fair is by far the highest-quality, densest group of collectors, curators and institutions in the world,” said Sacks, who was looking to place Korot’s iconic work, Dachau 1974, with a European museum.

    “I would never bring that to any other fair in the world but this fair because I would never, ever find a client for it,” he said. “It is a tough piece. It’s beyond that. I want it to be in a museum. It’s hard because, one, there’s a limited audience for that work in general, and also I’m limiting the audience by not wanting to sell to a private collector. So, I made it a little more complicated, but this fair allows that to happen.”

    The bitforms booth actually felt like a museum setting, with Korot’s eerily riveting four-channel video installation the sole work for sale. The Basel offering, for $175,000, coincided with an exhibition of the work at the Tate Modern in London.

    The 24-minute, black-and-white footage depicts how the former concentration camp looked 40 years ago. The ambient sound of church bells and the babbling of a nearby brook, as well as the trudging feet of tourists, all could have been sounds heard during the war years. It was the last of three works available, and at the conclusion of the fair Sacks was in negotiations with an unnamed European museum to sell the video.

    While Basel proved to be the perfect arena to exhibit the Korot video, Miami Beach is a better place to show up-and-coming artists, Sacks said.

    “The buyers there are looking for things outside of the blue-chip, and they want to find and discover,” he said of the Miami Beach fairgoers. “A lot of times that corresponds to lower prices. I think the work there is a bit edgier. Also, I think the Latin American vs. European tastes are different. The European is more of a traditional. There’s a history there that is very deep in terms of art collecting and art history.”

    As a result, Sacks said, he tends to exhibit more works from emerging artists in Miami Beach and keeps the prices below $100,000.

    In Basel, prices often soar into the millions. The Skarstedt Gallery, with spaces in New York and London, sold its Andy Warhol Self-Portrait (Fright Wig) from 1986, which had a price tag of roughly $35 million. David Zwirner, also of New York and London, sold a Jeff Koons dolphin balloon sculpture for $5 million, a Bruce Nauman sculpture of wax heads for $3.2 million and a Gerhard Richter painting for $2 million.

    Annely Juda Fine Art of London sold David Hockney’s Vista near Fridaythorpe, Aug, Sept 2006, an oil painting on four canvases, for more than $4 million. White Cube of London, Hong Kong and Sao Paulo sold one of Damien Hirst’s glass-enclosed pharmacy cabinets filled with boxes and bottles of pills and palliatives, Nothing is a Problem for Me (1992), for just under $6 million.

    “Last year we had our best fair ever in Miami, and this time we’re having our best fair ever in Basel,” said White Cube’s Graham Steele. “The quality of the fairs are of the highest, but they just have a very different cultural feeling. There’s something wonderful about being in Switzerland. You’re in a small town. You’re in a town that’s steeped in culture that goes back a thousand years. You have these institutions that have these phenomenal collections that add perspective.

    “What’s wonderful about Miami is, it’s New World. You have a phenomenal energy. There’s a different crowd. It’s a Miami energy. It’s a Miami heat. Here you bring the absolute best; there you might bring something newer and sexier and bigger.”

    Galerie Lelong of New York and Paris also had a phenomenal fair, according to gallery vice president Mary Sabbatino. By day three of the six-day fair, the gallery had sold one of Jaume Plensa’s bronze sculptures featuring the elongated and serene face of an Asian woman with her hair pulled back in a bun, as well as works by David Nash, Sean Scully and Ana Mendieta for an undisclosed amount.

    Lelong is an institution at the Basel and Miami Beach fairs, exhibiting in Switzerland for more than four decades and in Florida since the fair’s inception in 2002.

    As the global art market is exploding, both fairs are improving apace, Sabbatino said.

    “The quality here is one of the best I’ve seen, and Basel is always traditionally an art fair where the quality is high,” she said. “Miami also is high in a different way. But in Basel, this particular Basel, it really seems like everyone put on their finest clothes and really are showing wonderful works in all the booths.”

    Come December, Miami Beach is also expected to excel, Sabbatino said, explaining that every gallery reapplied to exhibit at the fair — something that had never happened before. Sabbatino serves on the selection committee that oversees who gets to exhibit in Miami Beach, and she said the competition is fierce in both locations. More than 1,000 galleries applied for space at Basel this year, but only 285 made the cut.

    The Basel fair differs from Miami Beach’s in that it is slightly larger, with exhibition space on two floors, and a separate hall for showing large-scale works in a program titled Unlimited.

    The bigger and bolder works dominated that sector of the fair. Among the highlights were:

    • Giuseppe Penone’s Matrice di Linfa (Matrix of Sap), a 2008 work in which a giant fir tree is sawed in half lengthwise and presented like an open book that reveals its age when 80 years old. The tree spans more than 150 feet, with both halves positioned end-to-end. At Tucci Russo Studio, Torino, Italy.

    • Julio Le Parc’s Continuel Mobile Sphere Rouge (2013) includes some 3,000 red translucent Plexiglas squares suspended by wire and assembled into an orb measuring 15 feet in diameter. Whenever someone walks by, the air shifts, causing the sphere to move and cast cascading shards of red light onto the surrounding walls and floor. At Bugada & Cargnel, Paris.

    • Haegue Yang’s Accommodating the Epic Dispersion — On Non-cathartic Volume of Dispersion (2012) features a colorful array of everyday window blinds arranged in various stages of extension and aperture that immediately captured attention as visitors entered the hall. At Kukje Gallery of Seoul, South Korea, and the Tina Kim Gallery of New York.

    • Carl André’s Steel Peneplain (1982), a floor sculpture that goes almost unnoticed by visitors until they are actually walking on it, as the 300 steel plates that comprise the walkway blend into the exhibition hall’s gray floor. At Konrad Fischer Galerie, Düsseldorf, Germany.

    In a nearby exhibition hall, Design Miami had its share of monumental works, including:

    • Jamie Zigelbaum’s Triangular Series, which set the tone for the show in the anteroom where visitors ascended on escalators to Design Miami. Made of translucent white acrylic and steel, this assemblage of nearly five dozen sculptures hung from the ceiling like a forest of stalactites, pulsating with light and interacting with people below and each adjacent sculpture. Set against a sensory-depriving black background, the inverted and elongated pyramids of light evoked the feeling of ice floes in dark water.

    • Konstanin Grcic’s TT Pavillion, a companion piece for the new Audi TT, repurposed the car’s tailgate door as an architectural element that served as one of seven portals into the prefab structure. The installation was part of Design Miami Executive Director Rodman Primack’s vision for the show, to be awe-inspiring and yet remain intimate. Grcic’s mobile home was part of Primack’s new addition to the show called Design at Large, which featured oversize installations by six artists that were curated by American collector and creative director Dennis Freedman.

    Read more here: http://www.miamiherald.com/2014/07/04/4216240/basel-mothership-fair-is-bigger.html#storylink=cpy

    George Lindemann Journal by George Lindemann "Pérez Art Museum seeks sharp boost in county funding" @miamiherald by DOUGLAS HANKS

    George Lindemann Journal by George Lindemann "Pérez Art Museum seeks sharp boost in county funding" @miamiherald by DOUGLAS HANKS

    A view of the the Perez Art Museum Miami’s signature hanging gardens shortly after its December 2013 opening. Massive columns with shrubbery hang like an enchanted forest. The museum, called the PAMM by locals, opened in December and quickly became a popular spot for tourists and locals alike. (AP Photo/Lynne Sladky) Lynne Sladky / AP

    The Pérez Art Museum Miami wants a $2.5 million boost in government support, with taxpayers set to cover a third of the museum’s budget next year.

    Housed in a new $130 million waterfront headquarters built largely with government money, PAMM’s celebrated debut late last year also tripled the non-profit’s annual operating expenses, to $14 million from $5 million. Private dollars have not kept pace with the higher costs, leaving a gap that PAMM wants Miami-Dade to help close with a 60 percent increase in the museum’s operating subsidy from hotel taxes, according to interviews and budget documents.

    “I consider that to be an asset for the county,” Mayor Carlos Gimenez said of PAMM. “We’ve known for a long time they were going to need to grow their operating subsidies. They’re open, and that’s why they need a little bit more.”

    PAMM currently receives $2.5 million from Miami-Dade, but the 2015 county budget Gimenez plans to unveil Tuesday earmarks $4 million for the museum, according to several top Gimenez aides. The museum also wants $1 million in property taxes from Miami’s Omni Community Redevelopment Agency, a special taxing district aimed at improving a neighborhood that stretches from Museum Park north to 23rd Street, the CRA’s director, Pieter Bockweg, confirmed this week.

    The push for more public funding by the former Miami Art Museum comes as other non-profits supported by Miami-Dade face a 10 percent cut, and as Gimenez is warning of police layoffs and service reductions. PAMM receives its subsidy from hotel taxes, a funding source Gimenez used this year to narrow the county’s budget gap.

    Gimenez’ plan to beef up PAMM’s subsidy is already drawing criticism as county commissioners face another budget process with job cuts on the table. Miami-Dade’s library system is poised to cut 90 full-time positions under Gimenez’s funding scenario, and the overall county budget contemplates a loss of 700 payroll slots without union concessions.

    Commissioner Juan C. Zapata said he wants Miami-Dade to consider other uses for the hotel taxes that PAMM is seeking.

    “We have a lot of flexibility with these dollars,’’ said Zapata, who represents West Kendall in a district that brushes up against the Everglades. “We’ve gotten on this path where we’re all-in supporting these cultural institutions that are all downtown and are already benefiting from public dollars for construction.”

    For PAMM advocates, the extra dollars represent an increased investment in a high-profile cultural institution that’s taken on the added expense of operating in the heart of Miami’s revived waterfront. In 2004, voters endorsed Miami-Dade borrowing $100 million to move the former Miami Art Museum from an under-used county building to a new headquarters that has won raves from critics.

    Leann Standish, the museum’s deputy director for external affairs, said the extra county funds would be used for the museum’s subsidized offerings.

    “The support from the county really helps us to fund the programs we have found to be in great demand right now. We have free admission for all students. We have two free-admission days,” she said. “It's those free programs that we've found to be very successful.”

    PAMM bears the name of Jorge Pérez, the Miami condo developer now enjoying a second high-rise boom across South Florida. In late 2011, he donated $15 million in art and pledged $20 million in cash, payable through 2022.

    Budget documents show the museum expects to generate about $8 million next year from private sources, including $4 million from concessions, ticket sales and events, and about $4 million in donations and endowment revenue. That leaves a gap of more than $5 million that would be closed by government dollars.

    Museum officials say attendance and membership sales are on track or even ahead of projections after PAMM’s Dec. 4 debut during the annual Art Basel week. Almost all of the museum’s corporate sponsors renewed for 2015, PAMM said.

    “The demand has been way more than we projected, across the board,’’ Standish said.

    The museum’s endowment hit $14 million for the fiscal year that ended Sept. 30, a figure well below PAMM’s long-term target of $70 million, according to the 2013 financial statement. The museum’s budget shows the endowment currently generates about $500,000 a year for operations — roughly 3 percent of the year’s $14 million budget.

    Including the new building, PAMM listed assets of $167 million in 2013. The museum’s balance sheet listed about $10 million in cash and $14 million in investments, with an additional $31 million in pledges, receivable grants and holdings in trusts slated to provide cash in future years.

    PAMM’s financial needs complicated the Miami Dolphins’ pursuit of hotel-tax dollars for a $350 million renovation of Sun Life Stadium. The team won approval June 17 of a new subsidy program that will send the Dolphins a maximum of $5 million in yearly bonus payments for hosting Super Bowls and other large sporting events, provided Miami-Dade can first cover its existing hotel-tax obligations.

    Though not binding on commissioners, a county list of about $30 million in hotel-tax obligations written forecasts paying PAMM $4 million annually through the life of the Dolphins’ 20-year deal.

    Hotel taxes continue to hit record levels, and are up 8 percent this year. But the revenue source is also under strain, largely thanks to a portfolio of debt tied to the Adrienne Arsht Center for the Performing Arts, the Miami Beach Convention Center and Marlins Park.

    While state law limits hotel-tax exependitures, during the past two years Gimenez used $50 million in surplus hotel taxes to replace general-fund dollars subsidizing the county’s parks department. The shift, endorsed by county commissioners, freed up general-fund money to be spent on core services, including police, jails and homeless animals.

    With the reserves drained, Gimenez said he won’t be using hotel taxes to ease pressure on the general fund for the 2015 budget. If Gimenez could repeat this year’s strategy of shifting $25 million in hotel taxes to parks, it would eliminate more than a third of the $65 million budget gap facing Miami-Dade.

    The gap is driving Gimenez’s austerity plan, which forecasts about 200 job cuts in the county’s police department and other spending reductions. Leaders of social-service agencies and other charities funded by Miami-Dade packed a budget hearing last week to protest Gimenez’s plan to cut nearly $2 million out of the county’s $20 million Community Based Organization program. The CBO program funds homeless shelters, pantry programs, battered-women advocates and other groups.

    Michael Spring, Gimenez’s cultural chief, said Miami-Dade always intended to give PAMM $4 million this year, but that the current budget strain forced the $2.5 million allotment. He called the $4 million contribution for 2015 reasonable support for a new county asset.

    “We don’t make a $100 million investment in a beautiful new building and say we don’t care about your operating budget,” he said.

    Read more here: http://www.miamiherald.com/2014/07/06/4218146/perez-art-museum-seeks-60-percent.html#storylink=cpy

    George Lindemann Journal by George Lindemann - "Suit Seeks to Block Corcoran Takeover" @nytimes by RANDY KENNEDY

    George Lindemann Journal by George Lindemann  - "Suit Seeks to Block Corcoran Takeover" @nytimes by RANDY KENNEDY

    The Corcoran Gallery of Art in Washington. Credit Marge Ely for The Washington Post, via Getty Images

    When the Corcoran Gallery of Art in Washington — one of the nation’s oldest privately supported museums — announced in May that its artwork, landmark building and venerable school would be taken over by the National Gallery of Art and George Washington University, the arrangement was presented as a done deal.

    But on Wednesday, a group of museum donors, current and former students, and former faculty and staff members went to court to try to block the dismantling of the Corcoran, saying it would violate the 1869 deed and the charter of the museum’s founder, William W. Corcoran, a banker who gave his art for the “perpetual establishment and maintenance of a public gallery and museum” to promote painting, sculpture and other fine arts. The opponents, members of a group called Save the Corcoran, contend in court papers that museum trustees want to “commit the gravest form of fiduciary breach: to destroy the very institution they are charged with protecting.”

    Officials at the Corcoran — which has run operating deficits for more than a decade — filed papers last month asking to override Corcoran’s 1869 deed, saying it was “financially impossible” to carry on the museum and school in their present form and that they believe the plan is the “most closely aligned with the original intent of Mr. Corcoran.”

    Under the deal announced in May, which must be approved by a District of Columbia judge, the defunct Corcoran would cede its collection of more than 17,000 pieces, rich in American art, to the National Gallery, its much larger neighbor. The National Gallery would preserve a “Legacy Gallery” within the Corcoran’s building on 17th Street, a block from the White House, and organize its own exhibitions of modern and contemporary art there. The much-admired building would become the property of George Washington University, which would use it for classes for students of the Corcoran College of Art + Design.

    Opponents contend that the Corcoran would exist as little more than a name under the plan and that the historic building would no longer function as a museum.

    They also claim in court papers that in recent years the Corcoran’s board has put scant effort into fund-raising and has mismanaged the institution’s money through “self-dealing, conflicts of interest, hiring unqualified management and profligate spending on consultants whose advice was ultimately ignored.”

    As an example of mismanagement claimed in the suit, opponents say that a neighbor of the Corcoran’s board chairman, Harry F. Hopper III, was hired to be the Corcoran’s chief of operations in 2011, though the woman  had a background in “homeland-security contracting, not museum operations or organizations involved in the arts.”

    As finances dwindled, the board explored selling the 17th Street building and relocating the museum to Alexandria, Va., or elsewhere; it later explored a partnership with the University of Maryland that failed to materialize.

    A spokeswoman for the Corcoran said Wednesday morning that the museum’s lawyers had not had a chance to review the new court papers and would not have a comment until they had done so.

    The opponents argue that as bad as the financial situation is, “the charitable purpose of the trust may yet be practicable, if managed properly,” and they ask the judge, Robert Okun, of the District of Columbia Superior Court, to prevent a “midsummer rush to judgment” by closely examining the Corcoran’s financial records. “If one of the oldest and most vaunted art museums in Washington, D.C., is permitted to disappear overnight,” the opponents said in court papers, “the public interest demands that such an undertaking proceed with the utmost consideration and with due regard for all interested voices.”

    Jayme McLellan, an artist who has taught at the school for many years and is a leader of the opposition, said in an interview that “the Corcoran hasn’t had a series of checks and balances for decades — it’s been run like a mom and pop shop or a small gallery.”

    The museum’s situation echoes in some respects that of the Barnes Foundation, created in a Philadelphia suburb in 1922 by another wealthy collector, Albert C. Barnes, who died in 1951. The foundation, in financial trouble, waged a long court battle beginning in 2002 to override the wishes of Barnes, who stipulated that none of the paintings in the collection could be lent, sold or moved. But the foundation prevailed and relocated the works to a new building in downtown Philadelphia.

    In the case of the Corcoran, the most important parts of the collection would go to the National Gallery and would be identified as Corcoran works, though how many of them would be displayed and how often would be determined by the National Gallery. Other works that the National Gallery would not be able to absorb would be dispersed to other museums, with a preference for keeping them in Washington. Earl A. Powell III, the director of the National Gallery, has said that “more art probably will be in the public view in these arrangements than before” and praised the arrangement for creating what he called “one of the great collections — if not the greatest collection — of American art in the country.”

    As in the Barnes case, at issue is whether the opponents to the plan have legal standing to block it. In court papers, Corcoran patrons, students and others opposing the move argue that they have “crucial rights, legal obligations and financial and reputational interests at stake.” The attorney general for the District of Columbia, which is charged with oversight of charitable institutions, has been in discussions with the Corcoran’s trustees and has expressed no opposition thus far to the dissolution plan. In interviews, former and current Corcoran staff members describe a steady downward spiral for the institution that began after a hugely ambitious plan to build a $170 million addition to the museum, designed by Frank Gehry, fell apart in 2005 amid fund-raising shortfalls and board disagreements. Patrons with substantial resources left the board; trustees struggled to meet operating expenses and turned toward selling museum-owned land as one stopgap fund-raising measure. But opponents to the planned merger contend that the institution — with its renowned Beaux-Arts building, world-class collection and status as a revered Washington art destination — could have dug itself out of the hole if trustees had worked hard enough, managed properly and sought new benefactors.

    “There really needs to be an independent review,” said Carolyn Campbell, the museum’s first public relations chief in the 1970s and 1980s, and who is a party to the opposition lawsuit. “We need to figure out what’s really happened there.”     

    en.wikipedia.org/wiki/George_Lindemann, www.forbes.com/profile/george-lindemann, https://twitter.com/BassMuseumPres, http://www.nova.edu/alumni/profiles/george_lindemann.html, http://www.therichest.com/celebnetworth/celebrity-business/investors/george-lindemann-net-worth, george-lindemann-jr.com, http://www.bassmuseum.org/blog/george-lindemann-wins-inaugural-better-beach-awards, http://www.wharton.upenn.edu/125anniversaryissue/lindemann.html 

     

    George Lindemann Journal - "Shapes of an Extroverted Life" @nytimes by Roberta Smith

    George Lindemann Journal - "Shapes of an Extroverted Life" @nytimes by Roberta Smith

    There are so many strange, disconcerting aspects to Jeff Koons, his art and his career that it is hard to quite know how to approach his first New York retrospective, the Whitney Museum of American Art’s largest survey devoted to a single artist.

    First there are the notorious sex pictures from his “Made in Heaven” series of 1989-91, big paintings printed in oil inks on canvas that depict the artist in stagy foreplay, and beyond, with his wife then, the angelic Ilona Staller, known in her porn-star days as La Cicciolina. There is the automaton-like presence of the artist himself, as freakish as Andy Warhol, but far wordier, seemingly more extroverted and given to a slightly nonsensical Koonsspeak that casts him as the truest believer in a cult of his own invention. Like his art, he is completely sincere.

     

     

    Then there are all the big, often shiny sculptures, framed posters and glossy paintings, all tending toward an almost brain-freezing hyper-realism that isolates and fastidiously transforms objects from all corners of contemporary life: household appliances, gift store tchotchkes, advertising posters, children’s toys. And, finally, there is the way that these works — which are often exorbitantly expensive to make and frequently break auction records — can unavoidably reek of Gilded Age excess, art star hubris and the ever-widening inequality gap that threatens this country.   

    Play Video|2:32

    Presenting ‘Play-Doh’

    Presenting ‘Play-Doh’

    The artist Jeff Koons unveils his new sculpture “Play-Doh” in a retrospective at the Whitney Museum. The piece took 20 years to complete.

    Credit By Colin Archdeacon on Publish Date June 27, 2014

    Credit Fred R. Conrad/The New York Times

    So it seems fitting that you may actually recoil when you step off the elevator into the first gallery of “Jeff Koons: A Retrospective,” the lucid, challenging, brilliantly installed exhibition organized by Scott Rothkopf, the Whitney’s associate director of programs. The show is a farewell blowout before the Whitney cedes its Marcel Breuer building to its new tenant, the Metropolitan Museum of Art, and heads for new digs downtown.

    Its opening salvo is a stunning allée of bizarre Pharaonic splendor: six pieces consisting of gleaming vacuum cleaners encased in plexiglass and suffused with an insistent glow: Every appliance, or pair of them, rests on a raft of fluorescent lights that almost deflect your gaze.

    Odes to domesticity, hygiene and American assembly lines that also evoke levitating mummies in see-through sarcophagi, these works date from the early 1980s and are part of a series called “The New.” The name signals Mr. Koons’s obsession with their virginal purity, and his interest in isolating an essential pleasure of consumerism: newness itself. Conflating Minimalism, Pop and Conceptual Art in a gift-wrapped version of Duchamp’s ready-made, they were the first of several shocks — “Is it art?” “Is it any good?” “Do I love it or hate it?” — that Mr. Koons has regularly delivered to his expanding audience over the last four decades.

    Impersonal yet deeply familiar, the vacuum cleaner pieces introduce the essential seduction-repulsion dynamic that is basic to most of Mr. Koons’s art. Further along in the show, you may be taken by a vase of outsize flowers, carved in wood by skillful German artisans. It is gorgeously colorful, deliciously magnified and a respite from the sex paintings surrounding it. But look more closely: Many of the flowers’ centers are brown bumpy discs that broadcast a creepy fecundity suggestive of erupting skin, simmering mud or sewage.

     

    The erotic and, to some extent, the scatological are never far beneath the surface in Mr. Koons’s art. Exhibit A is “Play-Doh,” a new, almost certain masterpiece whose sculptural enlargement of a rainbow pile of radiant chunks captures exactly the matte textures of the real thing, but also evokes paint, dessert and psychedelic poop.

    The most cogent account of Mr. Koons’s career in over two decades, this show benefits from a meeting of like sensibilities. Mr. Koons is a famous perfectionist who takes many years (“Play-Doh” is dated 1994-2014), spends much money and often ends up inventing new techniques to get exactly what he wants in both his sculptures and his paintings, which are made by scores of highly skilled artists whom he closely supervises.

    Mr. Rothkopf is equally meticulous, as suggested by the installations of his previous Whitney surveys of the work of Glenn Ligon and Wade Guyton. He’s also been fascinated by Mr. Koons’s work for nearly 20 years, since, as a teenager, coming across an exhibition catalog of his art. The depth of his fascination is apparent in his accomplished, jargon-free catalog essay, an elaborate account of Mr. Koons’s art that underscores the way it entwines with his life, beginning with his father’s home décor store, where “he witnessed firsthand the power of merchandise to tell stories and seduce.”

    Mr. Rothkopf also marshals an elaborate if somewhat defensive argument for the way Mr. Koons self-consciously exposes the mechanisms of money and publicity in his art, in essence having his cake and eating it, too.

    Mr. Rothkopf has imposed a classical installation on Mr. Koons’s restless exploration of objects. Symmetry and perpendicularity reign, with fewer than five sculptures placed diagonally.

    Arranged chronologically, mostly one series to a gallery, the show fills five of the museum’s six floors. It charts Mr. Koons’s progress from visually enhanced ready-mades, like the vacuum cleaners; to existing objects transformed in appearance and value by being cast in bronze or stainless steel; through various kinds of remade objects, like his famous balloon sculptures, flimsy little nothings monumentalized in mirror-polished stainless steel.

    Equally clear is his habit of circling back to expand on ideas. For example, in the small gallery devoted to the earliest works, we see that Mr. Koons first glamorized dime store items — mostly inflatable plastic flowers — by displaying them on tilelike mirrors. In other instances, what’s glammed up are piles of colorful kitchen sponges, unmistakable seeds for the giant “Play-Doh.”

    Certain themes recur: the abiding interest in flotation, inflation and hollow forms as states of grace; the human desire for things, for other people and for joy; the inherent energy of objects; the human life cycle. There is also a progression from functional objects to nonessentials and knickknacks, then to children’s toys — among our first sources of visual pleasure — and other art. “The New” gives way to the “Equilibrium” series of 1985, starring immaculate incubating basketballs afloat in fish tanks and including framed posters of professional basketball stars swamped in new basketballs, alongside pieces of sea diving equipment cast perversely in bronze — and most sexily in “Lifeboat.” (There’s nothing quite like smooth inflated bronze.)

     

    In the ice-cold “Luxury and Degradation” series, function takes a holiday. Here the accouterments of alcohol consumption are cast in stainless steel, which Mr. Koons called “proletarian platinum,” while the walls display framed liquor ads, with their amber fluids, printed on canvas.

    If you are drawn to the “Baccarat Crystal Set” and disdain the jokey “Fisherman Golfer” caddy of drink-mixing utensils, shake hands with your own snobbery and class comfort. This conflict steps up as the show proceeds, in the mash-ups of inflatable pool toys and cheap lawn furniture of the “Popeye” series (although stuttering intersections of chairs and seals can bring to mind Duchamp’s “Nude Descending a Staircase” paintings).

    As for the new 10-foot-tall, shiny, yellow stainless version of Bernini’s tumultuous sculpture of the abduction of Proserpina by Pluto — actually based on a small 18th-century porcelain copy — Mr. Koons converts it into a fancy flower box by adding planters with white petunias. This seems déclassé (but there I go again). Maybe Mr. Koons wanted to anchor the work’s rippling surfaces and reflections, which give body to the golden liquids of the “Luxury and Degradation” liquor ads.

    Throughout, jolting shifts in color, scale or subject matter encourage the heightened visual awareness that Mr. Koons’s work demands, and rewards. There are surprises around every corner. On the third floor, a row of 10 figures in polychrome wood or porcelain from Mr. Koons’s “Banality” series of 1988 form a single confrontational row in a narrow gallery. Including an amorous Pink Panther; a pig flanked by angels; a London bobby befriending a goofy bear; and, best of all, an ostentatious yet poignant rendition of Michael Jackson and his pet monkey, Bubbles, each of these works is a different collision of art with religion, sex or kitsch.

    This series cost Mr. Koons some of his fan base, but laid the foundation for most of his subsequent work. He opened his art directly to art history, waded deep into popular culture and replaced ready-mades with figures based on either objects or images that he combined, tweaked and enlarged as he pleased. A piglet and a penguin in the arms of an imposing porcelain statue of St. John the Baptist are certainly not in the Leonardo da Vinci painting on which it is based. Hereafter, careful manipulations of scale become central to his expression.

    Other shifts are quieter but no less edifying. One occurs when you exit the gallery of the fraught and busy sex paintings and find yourself surrounded by the big, serenely blank tinted mirrors of the “Easy Fun” series, each cut in the implicitly friendly shape of a cartoon animal. It is a bit of innocence regained.

    Children’s toys and antiquities — forms retrieved from deep in our personal or cultural pasts — inspire many works on the fourth floor. Here you will find “Play Doh,” “Balloon Dog (Yellow)” and “Balloon Venus (Orange),” an extraordinary study in voluptuous geometry inspired by the Venus of Willendorf. There are also less felicitous efforts like “Hulk (Organ),” “Dogpool (Panties)” and the stupefying “Liberty Bell,” an exact copy (dated 2006-14), apparently indistinguishable from the one in Philadelphia that Mr. Koons visited as a child. A fake ready-made?

    Despite some ups and downs, this is a gripping show. It chronicles a sculptural career that is singular for its profusion of color, crafts and materials; its opening up of historical avenues closed by Minimalism; and its faith in both accessibility and advanced art, that other New. And it’s a great way for the Whitney to decamp, tossing the Met the keys, knowing that we won’t soon forget that it still owns the place.

    “Jeff Koons: A Retrospective” is on view through Oct. 19 at the Whitney Museum of American Art, 945 Madison Avenue, at 75th Street; 212-570-3633 begin_of_the_skype_highlighting 212-570-3633 FREE  end_of_the_skype_highlighting , whitney.org.

    en.wikipedia.org/wiki/George_Lindemann, www.forbes.com/profile/george-lindemann, https://twitter.com/BassMuseumPres, http://www.nova.edu/alumni/profiles/george_lindemann.html, http://www.therichest.com/celebnetworth/celebrity-business/investors/george-lindemann-net-worth, george-lindemann-jr.com, http://www.bassmuseum.org/blog/george-lindemann-wins-inaugural-better-beach-awards, http://www.wharton.upenn.edu/125anniversaryissue/lindemann.html

    George Lindemann Journal by George Lindemann - "The Ups and Downs of The Spring Auctions" @wsj by Kelly Crow

    George Lindemann Journal by George Lindemann - "The Ups and Downs of The Spring Auctions" @wsj by Kelly Crow

                                      
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    Midway through New York's major spring auctions, collectors of Impressionist and modern art appear to be showing signs of sticker stock, even as contemporary-art buyers prepare to splurge on.

    Earlier this week, Sotheby's BID -0.05% Sotheby's U.S.: NYSE $40.48 -0.02-0.05% May 14, 2014 9:51 am Volume (Delayed 15m) : 39,739 P/E Ratio 18.97 Market Cap $2.79 Billion Dividend Yield 0.99% Rev. per Employee $576,249 41.0040.7540.5040.2510a11a12p1p2p3p 05/07/14 The WSJ's Kelly Crow at the So... 05/07/14 Loeb Wins by Losing at Sotheby... 05/07/14 Court Ruling Bolsters New Type... More quote details and news » BID in Your Value Your Change Short position and Christie's sold a combined $611.2 million worth of Impressionist and modern art, a total that fell within their presale expectations and exceeded a similar series last May that sold for $478 million.

    Bidding proved thin for some of Christie's priciest works Tuesday—dealer Paul Gray was the lone bidder on a $22.6 million Pablo Picasso —and around a third of Sotheby's offerings on Wednesday went unsold. Sotheby's failures included a Picasso portrait of his mistress Marie-Thérèse Walter, expected to sell for at least $15 million.

    But the same collectors who sniffed at Sotheby's art trophies turned up in force the next day for its sale of lower-priced material. It was a clue that this seasoned subset of collectors is willing to bid—but at price levels below $5 million, unless the art on offer is truly museum-worthy.

    New York collector Donald Bryant thought he had hit his limit at Christie's on Tuesday after he offered $6.1 million for Constantin Brâncusi's toaster-size stone sculpture of a kissing couple, "The Kiss." But when he bowed out, he got a nudge from his wife, Bettina, and jumped back in at $7.2 million. "Is it because of her?" auctioneer Andreas Rumbler asked, adding with a grin, "She's the boss." The extra effort didn't pay off, though: The Brancusi sold to another bidder for $8.7 million.

    Auction specialists say the art market has seen this divergence in collecting categories before. Decades ago, Old Masters enjoyed top billing until Impressionist and modern art became fashionable among wealthy collectors. Suddenly, its roster of artists such as Claude Monet began fetching the kinds of prices once reserved for Rembrandt and Canaletto. Now the art market appears to be shuffling again: With the majority of Impressionist and modern masterpieces now tucked away in museum collections, new buyers are finding it difficult to amass an enviable collection in a short time.

    Many Asian collectors are still trying. At least eight of Sotheby's pricier works on Wednesday went to Asian collectors—including a $19.2 million Henri Matisse view of a woman painting at her easel, "The Afternoon Session."

    Dealers say the art market will undergo its greater stress test this week, when both houses, plus boutique house Phillips, hold their sales of contemporary art. In recent seasons, auction prices for contemporary artists such as Jean-Michel Basquiat and Christopher Wool have quadrupled—a pace that's encouraged speculators to buy up even younger artists in hopes of profiting later in resales.

    Last November, Christie's sold a yellow Francis Bacon triptych for $142.4 million, almost $60 million above its estimate and the most ever paid for a work of art at auction. Next Tuesday, the house will offer up a seafoam-green Bacon triptych, 1984's "Three Studies for a Portrait of John Edwards," for an estimated $80 million. The seller is computer-chip maker Pierre Chen.

    Mr. Chen's Bacon carries a third-party guarantee. This means the auction has promised him it will sell—to an outside investor who has pledged to buy it for an undisclosed sum if no one during the sale offers more. If the guarantor is outbid, he or she will reap a share of Mr. Chen's potential profits and take home a financing fee from Christie's no matter what. (Sotheby's doesn't offer financing fees.)

    Unlike Impressionist and modern art, next week's contemporary sales are swimming in guarantees—at least $650 million worth across the three houses. The amount eclipses Sotheby's entire guarantee portfolio for 2008, the last market peak.

    Both Christie's and Sotheby's say they feel comfortable with their volume of guarantees.

    For the Tuesday sales, third-party guarantors claim a financial interest in 39 of Christie's 72 contemporary artworks, which means that 54% of the estimated $500 million sale will change hands whether anyone even shows up with a paddle. This includes Andy Warhol's "Race Riot," a red-white-and-blue silk-screen that recently belonged to a trust of dealer Bill Acquavella's family and that Christie's estimates will sell for around $45 million.

    All this means that contemporary collectors, unlike buyers of Impressionist and modern art, are going to unprecedented lengths to keep fueling their segment's momentum, even if they must bankroll the offerings themselves ahead of time. If the strategy works, it could reshape the way art gets auctioned, with sellers essentially preselling their art privately but angling for a higher, backstop price at auction. If the broader financial markets sour suddenly, bidders could get spooked, and these deal makers may be left owning art at prices that may appear inflated. Stay tuned.

    George Lindemann, George-Lindemann, George Lindemann Jr, George-Lindemann-Jr, Lindemann, Lindemann George, Lindemann George Jr, George Lindemann Junior, Jr George Lindemann, Lindemann Jr George, George L Lindemann, https://www.facebook.com/pages/George-Lindemann/284564361662689, https://www.facebook.com/pages/George-Lindemann-Jr/284564361662689, http://en.wikipedia.org/wiki/George_Lindemann, www.forbes.com/profile/george-lindemann, www.nova.edu/alumni/profiles/george_lindemann.html, http://www.therichest.com/celebnetworth/celebrity-business/investors/george-lindemann-net-worth, www.linkedin.com/pub/george-lindemann/b/945/78a, www.linkedin.com/pub/george-lindemann-jr/b/945/78a, www.georgelindemann.com, www.georgelindemann.posthaven.com

    George Lindemann Journal by George Lindemann "Strolling an Island of Creativity" @nytimes By KEN JOHNSON and MARTHA SCHWENDENER

    George Lindemann Journal by George Lindemann "Strolling an Island of Creativity" @nytimes By KEN JOHNSON and MARTHA SCHWENDENER

    The amazing spectacle that is Frieze New York is up and running on Randalls Island. With more than 190 contemporary art dealers from around the world inhabiting a temporary, quarter-mile-long white tent, it’s a dumbfounding display of human creative industry. Reasoning that in the time allowed, no one reviewer could hope to achieve a comprehensive overview of all there is to see, we both went to look and report. What follows is a sampler of things that caught our attention.

    GLADSTONE GALLERY (Booth B6) This museum-worthy show includes more than 200 small drawings from the painter Carroll Dunham’s archives. Dating from 1979 to 2014, they are presented on three walls in grid formation chronologically. Like pages from a personal diary, they track the evolution of Mr. Dunham’s antic imagination. From sketches of blobby, surrealistic forms to pictures of battling, cartoony male and female characters to images of naked, hairy wild women and men in edenic scenes, these irrepressibly lively, cheerfully vulgar drawings suggest a psychoanalytic pilgrim’s progress. (K. J.)

    GAVIN BROWN (B38) This booth is filled by Rirkrit Tiravanija’s installation “Freedom can not be simulated.” It consists of about a dozen plywood walls arranged in parallel about a foot and a half apart. On one side of each wall hangs a large black canvas covered with squiggly chalk lines that you can only see fully by squeezing in between the walls. The first canvas in the series has the title drawn on it in big block letters. The installation offers itself as a pointedly coercive metaphor about the eternally necessary tension between freedom and constraint. (K. J.)

    ANDREW KREPS (B54) Goshka Macuga’s “Of what is, that it is; of what is not, that it is not 2” is a giant black-and-white tapestry made on looms in Flanders. Over 10 feet high and 36 feet wide, it presents a panoramic scene copied from a photoshopped collage representing an incongruous gathering of art world luminaries and political protesters at Documenta 13, an exhibition in Germany in 2012. Ms. Macuga’s work pictures the moral and political contradictions of contemporary art and its social support system as powerfully as anything at the fair. (K. J.)

    MARIANNE BOESKY (A30) This gallery offers “Revolution,” a sculpture by Roxy Paine that expresses a more ambiguous political sentiment. A chain saw with a bullhorn attached, both realistically rendered in wood, it’s a piece of impressive craftsmanship and a surrealistic dream image of political violence. (K. J.)

    RATIO 3 (C56) For technical magic, nothing beats Takeshi Murata’s “Melter 3-D.” In a room lit by flickering strobes, a revolving, beachball-size sphere seems made of mercury. A hypnotic wonder, it appears to be constantly melting into flowing ripples. (K. J.)

    303 GALLERY (B61)Many works at the fair meditate on art and the artist. Rodney Graham’s big, light-box-mounted phototransparency “The Pipe Cleaner Artist, Amalfi, ’61”, at 303, depicts Mr. Graham in a lovely Mediterranean studio, leisurely making sculptures from white pipe cleaners. With a sweetly comical spirit, it spoofs a kitschy romance of bohemian avant-gardism. (K. J.)

    NOGUERASBLANCHARD (A6) A found-object sculpture by Wilfredo Prieto plumbs the sublime. Suspended by cables a few feet off the floor, it’s a metal cage used by divers to observe sharks. Among its many possible implications is the suggestion of the artist’s descent into the monster-infested depths of the unconscious. (K. J.)

     

    CROY NIELSEN (C1) In a tall, plexiglass display case here is a simple but philosophically resonant assemblage by Benoît Maire. Titled “Weapon,” it consists of a three-sided ruler attached to a rock by a wrist watch’s metal bracelet. It’s about rationalizing the irrational, an enduring task for art. (K. J.)

    GALERIE LELONG (B12) A neon sign by Alfredo Jaar that reads “Teach Us to Outgrow Our Madness” is a fine prayer for what art might do for our troubled times. (K. J.)

    One thing this fair allows you to do is to sample in one location what critics see around the city and the world. This includes emerging artists and historical shows. You’ll find many of them under a special designation, Frieze Focus, indicating galleries founded in or after 2003, and in Frame, a section that features solo presentations by galleries under eight years old.

    SIMONE SUBAL (B21) This Bowery gallery is showing a Florian Meisenberg installation that fits in perfectly at an art fair because it takes its cue from another “nonspace”: the airport, with its spectacle of architecture, patterns, moving people and digital screens. It includes a video with excerpts from the film “Lolita” and an episode of “The Simpsons” in which Homer becomes a lauded outsider artist. (M. S.)

    LAUREL GITLEN (B28) This gallery offers Allyson Vieira’s “Meander,” a structure made of metal building studs that uses the ancient meander pattern (also found on classic New York coffee cups) as its floor plan and suggests how certain graphic patterns are recycled throughout various empires. (MS)

    CARLOS/ISHIKAWA (B34) This London gallery is showing Richard Sides’s collagelike assemblages, made from a personal archive of what he calls “good trash” collected outside his studio. (M. S.)

    MISAKO & ROSEN (B20) This Tokyo-based gallery has objects by Kazuyuki Takezaki, who was inspired by the great ukiyo-e printmaker Hiroshige to recreate “landscapes” that sometimes take the form of sculptures, and include materials like a braided rug. (M. S.)

    LE GUERN (A2) Dominating the space in this Warsaw gallery’s booth is a solo presentation of the Brooklyn artist C. T. Jasper, a tent made from around 160 sheepskins. (Get it? a tent within the big tent of Frieze). Inside the tent is a remix of the Polish director Jerzy Kawalerowicz’s 1966 film “Faraon (Pharaoh)” — but with all the human figures digitally removed from the film. (M. S.)

    Gallerists are getting good at organizing historical shows, and several at Frieze are standouts.

    JAMES FUENTES (C2) This Delancey Street gallery offers a presentation of the Fluxus artist Alison Knowles, best known for performance events like “Make a Salad” (1962). Here you can see objects made by Ms. Knowles from the ’70s to the present. If you hear a loud cascading sound at the south end of the fair, it is someone flipping over her “Red Bean Turner,” which is like an opaque hourglass filled with dried beans. (M. S.)

    THE BOX (C14) This Los Angeles gallery has a great roundup of work by NO!Art, a group founded in 1959 that was distinctly (paradoxically, for this setting) anti-commercial. Collages and silk-screens by Boris Lurie, Stanley Fisher and Sam Goodman look incredibly prescient — like Mr. Lurie’s painting “Sold.” (M. S.)

    GREGOR PODNAR (A22) In a smaller historical presentation you can see 1970s photographs and Conceptual drawings by two Gorans: Goran Trbuljak and Goran Petercol, Croatian artists who were routinely mistaken for each other in their local Zagreb art scene because of their first names. (M. S.)

    PROJECTS Just outside the tent, the Projects section includes the Czech artist Eva Kotatkova‘s “Architecture of Sleep,” an outdoor installation with performers resting on platforms (and who should not be disturbed). Marie Lorenz, who works on New York’s waterways, is offering rides in a rowboat made with salvaged materials. Unfortunately, her “Randalls Island Tide Ferry” doesn’t offer service to or from the fair, but it accomplishes what most art tries to do: It transports you. (M. S.)

    Correction: May 10, 2014

    An earlier version of this article misspelled the surname of the artist who created “Melter 3-D.” He is Takeshi Murata, not Murato

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