Page 7 - Sheldon Solow News Today

When Suzy Lewis, the granddaughter of the physicist and inventor Thomas Merton, saw that Botticelli’s Portrait of a Young Man with a Roundel (“just looking so gorgeous”) was up for sale again, it came as “such a shock”. In December 1982, the family estate sent it to auction at Christie’s. It proved an “absolute disaster”, Lewis says, and sold for just £810,000—it was expected to make “infinitely more”. Everything had been prepared for the portrait to go to the Getty, Lew...

2020 will be remembered as the year we all lost so much. The coronavirus pandemic has swept the globe, shutting down our cities and towns, and claiming nearly two million lives to date. Outside of that, the rhythms of life continue and people die of what we could now call "normal" causes—that is old age, disease, accidents, and other things that have nothing to do with Covid-19. In 2020, 16 billionaires passed away and in what is surprising, given the current climate, it seems none of them di...

Sandro Botticellis Portrait of a Young Man Holding a Roundel (around 1480) is set to break a record for the Old Master painter PHOTO: JULIAN CASSADY PHOTOGRAPHY; COURTESY OF SOTHEBY’S Sotheby’s sale this month of an arresting Botticelli portrait, owned by the late real estate billionaire Sheldon Solow, has been heavily publicised. Yet, while Portrait of a Young Man Holding a Roundel (around 1480) is accompanied by the obligatory paraphernalia of X-ray and infra-red ...

Hot properties like Amy Sherald’s The Bathers (2015) are favourites for new billionaire buyers © Amy Sherald This month, Sotheby’s will be offering what it describes as the “ultimate Renaissance portrait” in its annual sale of high-value Old Masters in New York. It hopes this $80m-plus work will reinvigorate top-end demand in a market that since March has been battered by the fallout from the Covid-19 pandemic. According to Bloomberg News, Sandro Botticelli’s Yo...

Clockwise from top left: Stanley Chera, Sheldon Solow, Peter Hauspurg, Gerald Hines, Jerry Wolkoff, and Bianca Yankov In a year when so many lives were lost, real estate was not spared. The industry mourned both legendary figures and those who died too soon. But it was the death of Stanley Chera, the 77-year-old patriarch of Crown Acquisitions, that epitomized the year. The real estate titan had decamped New York City for Deal, New Jersey, early in the pandemic at the behest of his longtime fri...

What will become of a tycoons art gems? Real estate developer Sheldon Solow with his son, Stefan Soloviev, in New York, March 8, 2018. It’s the art world’s new guessing game: Will Solow’s paintings and sculptures, conservatively valued at $500 million, be heading to a private museum or to auction? George Etheredge/The New York Times. by Katya Kazakina (NYT NEWS SERVICE) .- In an apartment high above Manhattan, paintings by van Gogh, Matisse and Modigliani overlooked the East River and tribal...

Art Industry News: The Fate of This Real Estate Tycoon’s Collection Could Be the Biggest Question for the Art Market in 2021 + Other Stories Plus, Cai Guo-Qiang responds to criticism of his Palace Museum show and the Academy Museum delays its grand opening (again). December 21, 2020 Sheldon Solow and Mia Fonssagrives Solow at the Institute of Fine Arts 75th anniversary dinner honoring Shedon H. Solow, May 20, 2008. Photo Will Ragozzino/Patrick McMullan. Art Industry News is a daily digest of...