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A 1,000-Piece Contemporary Art Collection Is Coming to Auction

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(Bloomberg) — Just a months after putting their Westchester sculpture park on the market, top art collectors Sherry and Joel Mallin have announced that they’re selling nearly all of their thousand-plus-piece art collection. “We’re basically selling everything,” says Joel in an interview. “It eliminates, to some extent, worrying: ‘Should we sell this one or that one?’”

The art—by volume, one of the largest collections to go to auction—will be sold at Sotheby’s with an overall estimate exceeding $50 million. The pieces will be spread across multiple auctions in London and New York this year; further sales, including a dedicated auction of monumental sculptures, will take place in 2023 and 2024.

The couple has been a major force in the contemporary art scene for decades, slowly accumulating formidable 20th century and 21st century artworks for display at their estate, Buckhorn Sculpture Park, in Pound Ridge, NY.

In addition to the property’s 70-odd outdoor sculptures, the Mallins exhibited their extensive collection in a 9,200-square-foot museum-quality space they called an “art barn.” The barn was rehung every two years “from top to bottom,” says Sherry. “So we’ve had the experience of things being taken down.”

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How to Sell 1,000 Artworks

The decision to sell their collection, Sherry says, is one of practicality. They have donated many works to museums over the years, but don’t like the idea of donating the entire collection to a museum, where “it will go into a basement and no one will see the artists’ work,” Sherry says.

They considered turning their sculpture park into a foundation, but “there were many factors against that,” she says. “One is that you have to endow it extremely heavily for the town to even consider it—but in our case, most of our wealth is in our art.” So, she continues, “in order to endow it, we’d have to sell the art, and then we’d have nothing to endow anymore. So that didn’t seem like a good idea.”

They decided to simply sell it, using former auction house veteran Francis Outred as an adviser. “He approached both Christie’s and Sotheby’s, and each made remarkable presentations,” says Sherry. “Each was interesting and very commendable, and I guess we decided on the one who approached it with the most comprehensive business point of view, in terms of taking care of the whole collection from beginning to end over a long period of time.”

It wasn’t that they were concerned about their most expensive lots. “Every auction house knows how to handle the best pieces,” Sherry says. “That’s not hard; the best pieces handle themselves. It’s what do you do with the rest of the collection, which is really nice but not outstanding.”

Top Lots

So what do they think of Sotheby’s valuations?

“All of it was too little,” Sherry says, half-joking. “Every one of my children is perfect, and every one of my art pieces is fantastic.”

Her theory will be tested very soon. The first tranche of works will go on sale during Sotheby’s contemporary art sales in London this month. Thomas Schütte’s Bronzefrau Nr.11 (Bronze Woman No. 11), from 2002, carries an estimate of £2 million to £3 million ($2.3 million to $3.4 million) and will hit the auction block on Oct. 14.

The same day, the couple’s totemic sculpture by Louise Bourgeois, Listening One from 1981, will go to sale with an estimate of £1.3 million to £1.8 million. Other top lots include an Infinity Net painting by Yayoi Kusama from 2010, which carries an estimate of £1.8 million to £2.5 million; Sean Scully’s paintingWall of Light Red, from 1998, estimated from £800,000 to £1.1 million; and a collection of work by the group known as YBAs (Young British Artists), including pieces by Damien Hirst and Ron Mueck.

Next month in the marquee contemporary evening auctions in New York, they’ll sell a work by Robert Gober from 1993-94, which carries an estimate of $6 million to $8 million, and a piece by Robert Irwin from 1965–67, part of his suite of works known as “The Discs,” which carries an estimate of $3 million to $4 million.

Wait and See

Despite these heady prices, Joel has a word of warning for anyone buying art purely for financial gain. “Don’t view art as an investment,” he says. “It’s probably the worst investment you could make.”

Sherry interjects that she would “like to edit that statement.” It’s not the worst investment, she says; it’s just “not a sound investment or a sure investment, ever. Nobody knows, 50 years from now, which artists today are going to bring the most money.”

The art that’s going to the London auctions has already been taken off the walls, but the couple remains relatively sanguine. They plan to attend the New York sales in November. “I think it will be bittersweet,” says Sherry.

Joel, for his part, is withholding judgment. “I don’t think I’m going to know how I feel about it until after the sale,” he says.

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'Lost' Gustav Klimt painting to be auctioned – BBC.com

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Portrait of Fraulein Lieser
The painting is thought to depict a daughter of either Adolf or Justus Lieser

A painting by the Austrian artist Gustav Klimt that was believed lost for the past 100 years, is to be auctioned in Vienna.

There are many unanswered questions about the unfinished painting, Portrait of Fraulein Lieser, which Klimt began in 1917 – a year before his death.

There are also debates about who the woman in the picture is, and what happened to the painting during the Nazi era.

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The painting’s value is estimated at up to €50m ($53m; £42m), although it may fetch a higher price.

It is believed to depict one of the daughters of either Adolf or Justus Lieser, who were brothers from a wealthy family of Jewish industrialists.

Art historians Thomas Natter and Alfred Weidinger say the painting is of Margarethe Constance Lieser, the daughter of Adolf Lieser.

But the im Kinsky auction house in Vienna, which is auctioning the artwork, suggests the painting could also depict one of the two daughters of Justus Lieser and his wife Henriette.

Henriette, who was known as Lilly, was a patron of modern art. She was deported by the Nazis and died in the Auschwitz concentration camp during the Holocaust.

Her daughters, Helene and Annie, both survived the Second World War.

The auction house said in a statement that the exact fate of the painting after 1925 was “unclear”.

“What is know is that it was acquired by a legal predecessor of the consignor in the 1960s and went to the current owner through three successive inheritances.”

The identity of the current Austrian owners has not been made public.

The painting is being sold on behalf of these owners and the legal successors of Adolf and Henriette Lieser, based on the Washington Principles – an international agreement to return Nazi-looted art to the descendants of the people the pieces were taken from.

Ernst Ploil from im Kinsky told the BBC: “We have an an agreement, according to the Washington principles, with the whole family”.

The im Kinsky catalogue described this agreement as “a fair and just solution”.

However Erika Jakubovits, the executive director of the Presidency of the Austrian Jewish Community, said there were still “many unanswered questions”.

She has called for the case to be researched by “an independent party”.

“Art restitution is a very sensitive issue, all research must be carried out accurately and in detail, and the result must be comprehensible and transparent,” Ms Jakubovits said.

“It must be ensured that there is also a state-of-the-art procedure for future private restitutions.”

Klimt’s art has fetched huge sums at auction in the past.

His Lady with a Fan piece sold for £85.3m at Sotheby’s in June 2023, making it the most valuable work of art ever sold at auction in Europe.

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Penetang couple 'saddened' after complaint forces folk art removal – MidlandToday

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A Penetanguishene couple is saddened that someone has complained to the town about the folk art displayed on their lawn.

“We’re not happy,” says Jim Duguay, who along with his wife Elizabeth, sells and gives away pieces of repurposed painted furniture and wood that would likely otherwise end up in the landfill under their hobby business Dragonfly Unlimited.

Duguay tells MidlandToday that they’re actually recycling old furniture and pieces of board that people no longer want so it’s good for the environment by ensuring fewer things end up being thrown away as garbage.

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“I barely cover my costs and a lot of what I do goes to charity,” Duguay says, noting local organizations will often ask for one of his pieces to feature in raffles and as auction items.

Besides art and repurposed furniture, Duguay also creates murals and barn quilts and also paints bureaus and other furniture with specific themes such as sports or in the case of one child, who loved Volkswagens and was in Sick Kids, a dresser and side table featuring car themes.

“Before COVID, we had our stuff out and there was not a problem,” says Duguay.

But that changed a few years ago as Duguay recalls how the town sent a “young lad” who told them there had been a couple of complaints about their lawn display.

“He told us, ‘you have to get this shit off the lawn,’” Duguay says. “It just sucks. We’re keeping a lot of stuff from going to the dump.”

According to the recent notice sent from municipal law enforcement officer Chris Smith, the Duguays are violating zoning bylaw 2022-17.

“Where a home occupation is permitted, the following provisions shall apply: No outdoor storage or display of materials, equipment, wares or merchandise is permitted,” the letter signed by Smith reads, adding that the Duguays have until May 3 to comply with the order.

After MidlandToday contacted the town for a further explanation, Penetanguishene communications and technology coordinator Sarah Marshall​​​​ provided a response from the bylaw department that further reiterated what was written in Smith’s letter to the Duguays.

“We will not comment on how many complaints were received for a specific property,” the email from the town to MidlandToday reads.

“However, it only takes one to prompt action should an infraction be found.”

The house is actually zoned commercial-residential, according to Duguay, who notes its close proximity to the Main Street and the fact it housed other businesses in the past.

He also adds that other apparent ‘eyesores’ can be found throughout the town, something he notices while taking walks with his dog.

“I’m not picking on anyone, but there’s a ‘72 pickup truck sitting on blocks and three Ski-Doos that are not ever going to run again,” he says.

As well, he notes that their business draws people from out-of-town, who might stick around the area after picking up an item or two to have a meal at one of the local restaurants or shop at one of the town’s stores.

“We’ve had people come up all the way from St. Catharines,” he points out.

Duguay, who is 60 and on the Ontario Disability Support Program due to serious leg issues, says he’s always operated above-board and declares any income he receives from their venture to the government.

“We appreciate those who have supported us,” Duguay notes. “We had a good run for a non-business/hobby. Any future sales will have to be done online as we are no longer displaying our art.

“It saddens us deeply to have to change in this way. Unfortunately, we will no longer be in a position to donate any furniture, or signs to the local charities. This was never a business, just a glorified hobby. We did the best we could.”

And the couple has found support on their social media account.

“It was always a pleasure to see your art and what was new. So sad that it affected some Karen and felt the need to complain,” Sarah Deanne Tizzard writes.

“Eyesore… really? I can think of many other things that are eyesore way more than the beautiful colours of your beautiful creations.”

Adds Carol Pollock: “It’s disgusting what the town is doing to you guys. It’s infuriating actually. So sorry to hear about this.”

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An exhibition with a cause: Montreal's 'Art by the Water' celebrates 15 years – CityNews Montreal

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The Art by the Water exhibition is set to celebrate its 15th year over the weekend.

For this edition, the event’s proceeds will go towards The Simon Chang Foundation for Change, where Canadian fashion icon, Simon Chang, will then donate the funds to help create “The Sensory Bin Project.”  

“We’re very, very thrilled,” said Audrey Riley, Founder and artist of the vernissage. “We have an amazing amount of artwork to show.”

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The Art By The Water exhibition is celebrating 15 years and will take place the weekend of April 26, 2024. (Credit: Pamela Pagano/CityNews)

What started with six friends who painted together, now expanded to this yearly charity event.

“Our first show was extremely successful,” said Riley. “Beyond our wildest dreams and hopes.”

“I love Art by the Water,” explained Valeria Szabo, organizer and artist at Art by the Water. “It helps me, it gives me the opportunity to meet people, artists and the people who come to visit.”

“It also gives me a chance to exhibit my art.”

The Art By The Water co-organizers Valeria Szabo (left) and Audrey Riley (right) at Simon Chang’s office in Montreal on April 18, 2024. (Credit: Pamela Pagano/CityNews)

This year, about 200 paintings will be displayed and available for sale inside the historic 200-year-old Beaconsfield Yacht Club from local and guest artists.

“What we’ve accomplished in 15 years, it’s been quite amazing,” said Riley. “So proud that we’re partnering with Simon Chang this year.”

“And for such a good cause,” she added. “Such a worthy charity.”

Canadian fashion icon, Simon Chang, at his studio in Montreal on April 18, 2024. (Credit: Pamela Pagano/CityNews)

“I have a foundation, and I love children, I love to inspire people,” said Chang. “This is why I think this is the perfect collaboration.”

A collaboration that will make these bins possible.

The Sensory Bin Project will be created by students at the Wagar Adult Education Centre. (Credit: Pamela Pagano/CityNews)

The bins will be created by students at Côte Saint-Luc’s Wager Adult Education Centre — then given to other students within the English Montreal School Board (EMSB).

“These are things that (…) children, adults use to help self-regulate their emotions,” said Louise Panet-Raymond, teacher at the Wagar Adult Education Centre.

“This is something that they could go to the back of the class, where the bin will be, with the teacher’s permission, and be able to take out an object and just help them self-regulate, bring them back to a comfortable place emotionally,” she added.

“Some (objects) are squishy, some are very just tactile for different feelings, some are more visual in nature.”

“We all have different needs,” explained Panet-Raymond. “For students, it’s all about self-regulating those emotions and bringing them back to a calmer space.”

An object from “The Sensory Bin Project” seen at Simon Chang’s office in Montreal on April 18, 2024. (Credit: Pamela Pagano/CityNews)

The three day ‘art gallery’ happening from April 26 to 28 is open to all, and free to attend.

Donations of any amount are encouraged –- while the artists will give a percentage of their sales to Chang’s foundation — whose philanthropic efforts began in 1986 — and his fashion career this year, celebrating five decades.

“Let’s inspire the young children,” said Chang. “They are our future.”

“I want to collaborate with things that we can inspire them to become better citizens.”

A poster hanging on Simon Chang’s office wall in Montreal on April 18, 2024. (Credit: Pamela Pagano/CityNews)

From traditional to mixed media and abstract art –- all Art by the Water visitors will automatically be entered to win one of three paintings, and have a chance to meet Chang, while contributing to the cause.

“Please come and visit us,” said Riley. “And see the wonderful art.”


Art by the Water at the Beaconsfield Yatch Club:

April 26 from 6:00 p.m. to 9:00 p.m.

April 27 & 28 from 10:00 a.m. to 5:00 p.m.

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