Albright-Knox Gallery's Auction Coups
We may need to pause to catch our breath, but the auction market never stops.
The Albright-Knox Gallery, Buffalo, scored unexpectedly large windfalls for its deaccessioned masterpieces at yesterday's African, Oceanic and Pre-Columbian art sale at Sotheby's: Its bronze Benin Head of an Oba fetched $4.74 million against an estimate of $1-1.5 million and its Aztec Stone Figure of the Goddess with Tasseled Headdress, Known as Chalchiuhtlicue, sold for $1.22 million, compared to an estimate of merely $100,000-150,000. (Prices include buyer's premium; estimates don't).
Some 14 Albright-Knox lots were sold yesterday, with more today at Sotheby's American Indian art sale, just concluded. More details to come.
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LEE ROSENBAUM
I'm a veteran cultural journalist who writes frequently for the Wall Street Journal's "Leisure & Arts" page. I'm a regular cultural contributor on New York Public Radio (WNYC). I've been profiled on the PBS NewsHour with Jim Lehrer's Art Beat and in the Chicago Reader. I've appeared as an art-market commentator on BBC-TV and have published numerous Op-Ed pieces in the New York Times and Los Angeles Times. I am author of The Complete Guide to Collecting Art (Knopf) and have lectured on cultural property issues at the New Acropolis Museum and the University of Pennsylvania, on deaccessioning at Columbia Law School, the University of Iowa and a conference of the Museum Association of New York, on museum governance and cultural property issues at Seton Hall University, and on arts blogging at American University.
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