Art Investment

Museum of the Ohio auctioned Cindy Sherman photograph of 2.8-3.8 million

The famous picture of Cindy Sherman "Untitled#96", another footprint which in May 2011 was auctioned off for 3.89 million dollars, will be at auction at Christie's in May of this with an estimate of 2.8-3.8 million

CINDY SHERMAN Untitled#96. 1981
Arkona Collection Art Museum (Ohio)
Source: cleveland.com

Arkon Art Museum (Ohio) hopes to earn millions of dollars to purchase new works of art sold at the photo Christie'sznamenituyu contemporary artist Cindy Sherman.

Museum Director Mitchell Kahan (Mitchell Kahan) said he wanted to play on the shock of the price of Sherman, which occurred in the wake of the general enthusiasm about her retrospective, open now at the MoMA (New York).

Sherman recognized the revolutionary modern art after the appearance of its enigmatic self-portrait photographs, in which it is changing its image through clothing, lighting and scenery, like the actress that plays thousands of roles. His creativity, it does not leave a vestige of the old look at the picture only as a way of truthful image of the visible reality.

Museum in Akron has two works of Sherman, both of which are made in 1981 and are to the same series, so it can not afford the sale of one of them-work "Untitled#96", which depicts the image of Cindy schoolgirl in an orange sweater and plaid skirt.

«No#96 name "put up for auction of postwar and contemporary art at Christie's in New York on May 8, 2012. Director Kahan calls it "a unique opportunity in a unique time." The market works Sherman is actively growing. Another mark of the same frame, known under the code name "Orange Sweater" at auction at Christie's in May 2011 was sold for 3.89 million dollars - the highest price at the time for the photographic work ( record was broken in November 2011 photo "Rhine II» Andreas Gursky, gone for the $ 4.3 million. - AI. ). Sales shot Sherman is strongly influenced by the level of prices in the market of photos - from the time the results for the seven-digit photography works at the auctions have become the norm.

However, when it comes to the sale of the exhibit, the museum does not avoid criticism and controversy, especially if the money from the sale of the work is supposed to spend on operating expenses. Arkon Art Museum in compliance with the instructions of the Association of Museum Directors, which are to sell the artifacts only if the proceeds will be used for the acquisition of new works, rather than, say, guards, or pay utility bills.

Museum Foundation is now 20 to $ 25 million, of which only two million it is authorized to spend on the purchase of new works. Each year, the museum guide takes about 90 thousand dollars from the 2 million to buy something. But if they sell the photos Sherman, the annual amount for the completion of the museum's collection will increase threefold.

«What is the benefit of society, if we leave the" Orange Sweater "at home and will show it again in the five years or if we get a few million dollars that we will provide all material reserves for the purchase of new works of art? "- asks rhetorically Director Kahan.

He said that the money for the museum management hopes to buy new works Sherman 1990 - 2000s, which are still relatively accessible. In addition, the museum is near the 90-year anniversary, and these millions will be a perfect gift for my birthday.

Prepared by Mary Onuchina, AI

Sources : artinvestment.ru


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