How a Danish family built an extraordinary collection of modern Indian art
Gunnar and Inger Hansen with their family.Premium
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The name of VS Gaitonde shot into prominence in the global art market in 2013, after an oil painting by the artist fetched ₹20.5 crore at a Christie’s auction in India. The huge interest it generated led to a retrospective at the Solomon R Guggenheim Museum in New York, the following year. Since then, Gaitonde’s work has featured in auctions regularly and sold for impressive sums.
Although critically admired by his contemporaries, Gaitonde’s commercial recognition came much later, almost entirely posthumously. Last month, a painting by him set a world record for Indian art by fetching ₹32 crore at a Pundole’s auction. An upcoming auction by Sotheby’s on 29 September estimates one of his paintings to fetch £1.5-2 million ( ₹15-20 crore). Apart from Gaitonde’s work, the auction features paintings by
Artprice global indices show the strength of contemporary art and drawing in 2020
Artprice Global Indices (in USD)
PARIS
.- As at 1 January 2021, the Artprice Global Indices are stronger actually stronger than twelve months earlier when the health crisis was still (almost) unthinkable. Six months ago no-one would have predicted such an outcome! In reality, the art market reacted quickly to the lockdown measures with auction houses slowing their high-end activities; but the overall intensity of trading remained extremely high and the unsold rate remained perfectly stable. The Contemporary Art price index even shows an extraordinary 48% increase.
Thierry Ehrmann, President and Founder of Artmarket.com and its Artprice department: the works that were resold at auction in 2020 generally fetched better prices. Two segments in particular stood out: works on paper (+55%) and Contemporary Art (+48%). However, you have to take into account the method used to calculate our indices and a
/PRNewswire/ As at 1 January 2021, the Artprice Global Indices are stronger actually stronger than twelve months earlier when the health crisis was still.
(1)
As at 1 January 2021, the Artprice Global Indices are stronger actually stronger than twelve months earlier when the health crisis was still (almost) unthinkable. Six months ago no-one would have predicted such an outcome! In reality, the art market reacted quickly to the lockdown measures with auction houses slowing their high-end activities; but the overall intensity of trading remained extremely high and the unsold rate remained perfectly stable. The Contemporary Art price index even shows an extraordinary 48% increase.
Artprice Global Indices (in USD)
Image: [ https://imgpublic.artprice.com/img/wp/sites/11/2021/01/Artprice-Global-Indexes-Update-2020.png ]
thierry Ehrmann, President and Founder of Artmarket.com and its Artprice department: the works that were resold at auction in 2020 generally fetched better prices. Two segments in particular stood out: works on paper (+55%) and Contemporary Art (+48%). However, you have to take into account the method used to calculate
Nicola Vassell. Image courtesy Nicola Vassell. Photo: Luigi Cazzaniga.
Few people in the art world have had a career as complex as Nicola Vassell’s.
After leaving Jamaica for New York in the late ’90s to pursue a career as a fashion model and culture writer, Vassell landed some of the art industry’s most coveted roles, including directorial positions at Deitch Projects and Pace gallery, two New York art-world institutions.
While at Deitch, Vassell worked with then-emerging artists such as Sterling Ruby and Dan Colen to curate “Substraction,” an exhibition chronicling the grit of New York life post-9/11, while also overseeing the careers of artists like Kehinde Wiley, Tauba Auerbach, and Nari Ward. At Pace, she worked with the likes of Adam Pendleton, Robert Irwin, and Raqib Shaw.