Picasso’s step-daughter scraps plans to open the world’s largest museum dedicated to the Cubist Master

Plans to establish the world’s largest Pablo Picasso museum have been abandoned after negotiations over the property, a former convent in the south of France, broke down.

In 2018, Catherine Hutin-Blay, the artist’s step-daughter by his second wife, Jacqueline Roque, announced that she was purchasing the Couvent des Prêcheurs in the French town of Aix-en-Provence and turning it into a museum for her 2,000 piece Picasso collection. Now, that arrangement has fallen through, reports the Art Newspaper.

Hutin-Blay had entered into an agreement to buy the property for €11.5 million ($14.1 million) in December 2017. The town had agreed to a purchase price below the property’s value of €12.2 million ($15.2 million) because the museum had the potential to become a major tourist destination, with a projected annual attendance figure of 500,000.

The deal fell apart when the town tried to add a clause to the contract requiring that the site, which had most recently served as a middle school, would operate as a museum for at least 15 years after work to adapt the building, expected to take five years, was completed (the initial plan was to open in 2021).
Courtesy of Artnet News
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Art to Collect

We were asked recently about why our personal art space is so special to us, it really made us consider the question and we’d like to share a few of our thoughts with you.

To be welcomed home by some of our favourite art is the familiar feeling of arriving safely into our sanctuary. We realise that our collection has become part of the family, which is often discussed, dissected and debated on so many levels by us all. We absolutely love sharing our passion with family, friends, artists and our collectors, many of whom over the years have purchased their first piece of art from us. We love being part of that leap of faith!!

Whether you are a seasoned collector or an art lover we’d love to hear your thoughts on art too. Please feel free to message us on any of our social media platforms, arty chat is so diverse and interesting.

With this in mind here are three beautiful paintings to indulge in.
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The plastic crown worn by the Notorious B.I.G. for a photo taken days before death sold for $600,000 at Sotheby’s first Hip-Hop sale

A $6 plastic crown worn by the Notorious BIG during a now iconic photoshoot three days before his death sold for $594,750 last night at Sotheby’s in New York, far surpassing it’s $200,000 to $300,000 pre-sale estimate.

The object highlighted the auction house’s inaugural hip-hop sale, an event that featured other historic objects from the genre and its most famous figureheads, including Salt-N-Pepa’s “Push It” jackets, Fab 5 Freddy’s custom MTV ring, and a set of Public Enemy action figures.

The crown was consigned by Barron Claiborne, the photographer behind Biggie’s “KONY (King of New York)” portrait session for the cover of Rap Pages magazine in 1997. It was accompanied by three prints of the original photo and the contact sheet from the shoot. Sean “Diddy” Combs, owner of the rapper’s record label, Bad Boy Records, opposed the prop saying it made the artist look like “the Burger King.”

Altogether, 91 percent of the lots sold, bringing in a total of $2 million.
Courtesy of Artnet News
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Finalists announced for Archibald, Wynne and Sulman Prizes 2020

Australia’s most engaging art event. The Archibald, Wynne and Sulman Prizes is an annual exhibition eagerly anticipated by artists and audiences alike.

The Archibald Prize, first awarded in 1921, is Australia’s favourite art award, and one of its most prestigious. Awarded to the best portrait painting, it’s a who’s who of Australian culture – from politicians to celebrities, sporting heroes to artists.

The Wynne Prize is awarded to the best landscape painting of Australian scenery, or figure sculpture, while the Sulman Prize is given to the best subject painting, genre painting or mural project in oil, acrylic, watercolour or mixed media.

Each year, the trustees of the Art Gallery of NSW judge the Archibald and Wynne, and invite an artist to judge the Sulman. The 2020 judge is Khadim Ali.

Winners in the ArchibaldWynneSulman Prize competitions will be announced on 25 September 2020…
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Artnet Intelligence Report Fall 2020

If you are looking for inspiration, look no further than the Artnet Intelligence Report’s inaugural Innovators issue, presented in partnership with Morgan Stanley.

At a time when the art industry is facing unprecedented challenges, Artnet sets out to identify the most forward-thinking people in the market today. The result is the 2020 Innovators List: a group of 51 entrepreneurs, artists, dealers, and others who are lighting the way toward the future with vision, chutzpah, and grit.

In this issue, you’ll also find an illuminating survey of how auction houses have adapted to the COVID-19 era; a data-led breakdown of exactly which segments of the market were most resilient during lockdown; and a revealing account of the astonishing rise of Amoako Boafo, the art market’s newest star.

What lesson emerges from this tour through an art world in turmoil? That in this historic moment, success can only be achieved by thinking differently.
Courtesy of Artnet News
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