June 2, 1998 |
In a move that helps resolve a legal entanglement and merges two of America's largest and most adventurous private collections of contemporary art--both based in Los Angeles--Peter and Eileen Norton announced Monday their purchase of the collection of Clyde and Karen Beswick. The acquisition adds about 700 works to the Nortons' 1,600-piece holding. Terms of the agreement prohibit disclosure of the purchase price, but sources close to the collectors estimate that the Nortons paid about $1.
April 29, 1992 |
When Earl A. (Rusty) Powell III was named director of the Los Angeles County Museum of Art shortly after New Year's Day, 1980, the special exhibition galleries at the Wilshire Boulevard facility were filled with the most astonishing group of Venetian Renaissance paintings to have been assembled in the United States or Europe in years. The dream exhibition of Powell's outgoing predecessor, Kenneth H.
February 16, 1993 |
"Degas to Matisse: The Maurice Wertheim Collection" is a small, often choice exhibition of Impressionist and Post-Impressionist painting and sculpture, which is installed next door to a large, jam-packed store, specially built for the occasion on the second level of the Los Angeles County Museum of Art. The store is filled with similarly French-themed notecards, posters, jigsaw puzzles, videotapes, books, postcards and such. You can't miss it.
July 12, 1990 |
The sole heir of the late wife of Occidental Petroleum Corp. Chairman Armand Hammer filed an 18-count fraud suit Wednesday, claiming at least a half-interest in Hammer's famed art collection--the central element of a controversial museum now under construction in Westwood. The court action, filed in Los Angeles County Superior Court, named as defendants Hammer and Occidental, as well as the privately chartered Armand Hammer Foundation and the Armand Hammer Museum of Art and Cultural Center.
June 7, 1991 |
Fifty works from the acclaimed Burton and Emily Hall Tremaine collection of 20th-Century art will be sold this fall at Christie's New York. The Park Avenue auction house has estimated that the sales--including works by giants of modern and contemporary art--will bring a total of more than $35 million. Eighteen of the most valuable pieces will be offered in a Nov. 5-6 sale of Impressionist and modern art.
September 7, 1989 |
Early news of New York's November auction season suggests that private collectors will continue to cash in on their art or sell it to benefit charitable causes instead of donating the art to museums. The 1986 income tax law, which decreased deductions on art's appreciated value, triggered the trend. Escalating art prices have further discouraged gifts to museums, even on the part of longtime museum supporters.
November 16, 1989 |
A rose-period cafe scene by Pablo Picasso sold Wednesday night for $40.7 million--the third highest auction price ever paid for an artwork. The buyer was philanthropist Walter H. Annenberg. "Au Lapin Agile," a 1905 portrait of the young Picasso as a harlequin, had been rumored to go even higher, possibly exceeding the record $47.9 million paid last May for "Yo Picasso," another early self-portrait, and even surpassing the $53.9 million commanded by Vincent van Gogh's "Irises" two years ago.
March 9, 1989 |
Retired industrialist Norton Simon has resigned as president of the Norton Simon Museum and was succeeded by his wife, actress Jennifer Jones Simon, museum officials announced late Wednesday. The 82-year-old Simon also resigned as a member and trustee of the museum. The resignations were effective last Friday, a written statement released by the Pasadena museum said.
June 15, 1988 |
Norton Simon, the retired industrialist, has quietly dropped his widely publicized offer to donate his famed art collection to UCLA, it was disclosed Tuesday. The collection, which includes a large number of Old Masters and has an estimated value in excess of $750 million, is one of the most coveted private collections in the world, and the termination of the proposed gift to UCLA will raise new speculation about its ultimate home.
March 12, 1991 |
Walter H. Annenberg, publisher, philanthropist and former ambassador to Great Britain, has decided to bequeath his celebrated art collection to the Metropolitan Museum of Art in New York. The collection of more than 50 paintings, which is one of the most valuable in private hands, is said to be worth about $1 billion. "It's a stupendous event. We are overwhelmed by the gesture," William H. Luers, president of the museum, said in a telephone interview.