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hauser wirth uptown sale jens hoffmann project wet paint 2638685

Hauser & Wirth has sold its Upper East Side townhouse at 32 East 69th Street for $10.5 million to a developer, ending a decades-long presence in the neighborhood. The property, purchased in the 1990s as a family residence, was renovated by architect Annabelle Selldorf and later used as gallery space from 2009, hosting exhibitions by artists like Pope.L, Anna Maria Maiolino, Luchita Hurtado, and Arshile Gorky. Gallery co-founder Iwan Wirth cited a shift in the family's center of gravity to Chelsea and the business's expansion downtown with new locations on West 18th Street and Wooster Street in SoHo.

Sale of Robert Rauschenberg’s Captiva Compound to Developers Ignites Backlash

The Robert Rauschenberg Foundation has sold the artist’s 22-acre Captiva Island estate to South Seas, a neighboring resort developer, for $45 million. The sale includes Rauschenberg’s former home, studio, and several cottages where he lived and worked for decades. The Foundation defended the move by citing the prohibitive costs of protecting the site against rising sea levels and hurricane damage, confirming that the prestigious Rauschenberg Residency program will now come to an end.

Malba acquires collection of more than 1,200 Latin American works

The Argentine real-estate developer and collector Eduardo F. Costantini has acquired the entire Daros Latinamerica Collection, adding 1,233 works by 117 artists to his Museo de Arte Latinoamericano de Buenos Aires (Malba). Previously housed in Zurich, the collection includes key pieces by artists such as Ana Mendieta, Hélio Oiticica, Lygia Clark, and Cildo Meireles. The acquisition brings 75 new artists to Malba's holdings, including Doris Salcedo and Jesús Rafael Soto, and strengthens existing ones like Guillermo Kuitca and León Ferrari. Plans for a museum expansion to accommodate the works are already underway.