dealers abuzz frieze los angeles vip day frenzy

The VIP opening of Frieze Los Angeles at Santa Monica Airport saw a surge of high-value transactions and heavy foot traffic from both local and international collectors. Major galleries reported multi-million dollar sales within the first few hours, including a $2.8 million work by Njideka Akunyili Crosby at David Zwirner and a sold-out booth of Conny Maier paintings at Hauser & Wirth. Dealers described the atmosphere as a "frenzy," noting that sales figures in some cases already tripled their performance at previous major fairs like Art Basel Miami Beach.

jeff koons split rocker lacma resnicks

Lynda and Stewart Resnick have donated a monumental Jeff Koons sculpture, *Split-Rocker*, to the Los Angeles County Museum of Art (LACMA). The 37-foot-tall work, made of a metal skeleton and planted with 50,000 flowers, resembles a hybrid toy head—half rocking horse, half dinosaur. It will be installed near a new group of galleries endowed by trustee David Geffen. The Resnicks listed an unnamed piece given to LACMA on their 2023 tax filings valued at $9.6 million. The donation is part of director Michael Govan’s long-term plan to add another major sculpture to LACMA’s campus, alongside works like Chris Burden’s *Urban Light* and Tony Smith’s *Smoke*.

elaine wynn francis bacon lacma christies november auction

The estate of Elaine Wynn, the late casino magnate and top art collector who died in April 2024, has announced plans for her renowned collection. Francis Bacon's triptych *Three Studies of Lucian Freud* (1969)—which Wynn purchased for a record $142.2 million at Christie's in 2013—will be donated to the Los Angeles County Museum of Art (LACMA), where she served as board cochair. The painting, the first Bacon to enter LACMA's collection, will debut in the museum's new David Geffen Galleries when they open next year. Separately, Christie's will auction 20 works from Wynn's collection across three sales in New York this November, with estimates totaling at least $75 million. Highlights include Richard Diebenkorn's *Ocean Park #40* (1971), Lucian Freud's *The Painter Surprised by a Naked Admirer* (2004–05), Joan Mitchell's *Sunflower V* (1969), and J.M.W. Turner's *Ehrenbreitstein* (1835).

Why global museums like LACMA are turning their attention to India’s art market

Global museums like LACMA are increasingly turning their attention to India’s art market, which has matured significantly in recent years. This is evidenced by heightened interest from international galleries and institutions in Indian art fairs, high auction prices for works by the Bombay Progressives, and growing global engagement with events such as Art Mumbai.

Behind All Beautiful Things Lies Suffering

"Hinter allen schönen Dingen liegt ein Leiden"

The art market is undergoing a profound structural transformation as a new generation of collectors shifts focus away from traditional blue-chip masters like Cy Twombly and Mark Rothko. These 'NextGen' buyers, socialized through the internet and Instagram, prioritize identity-building over status, favoring streetwear, digital art by figures like Refik Anadol, and music memorabilia over classical painting. Meanwhile, institutional shifts are occurring globally: Greece has introduced specific legislation to criminalize the production of art forgeries, and LACMA director Michael Govan is defending the $724 million Peter Zumthor-designed expansion as a necessary 'magnet' for attracting major donations.

Lacma acquires self-portrait by long-overlooked female Old Master

The Los Angeles County Museum of Art (Lacma) has acquired 112 objects through six new acquisitions made during its 39th Collectors Committee Weekend, which raised over $2.5 million from 62 members. Highlights include a rediscovered self-portrait by Virginia Vezzi (1600-38), a long-overlooked female Old Master; works by Japanese American artists Chiura Obata, Tokio Ueyama, and Mine Okubo created during the Exclusion Era; colonial-era paintings from Mexico by Manuel de Arellano; a photographic triptych by Hiroshi Sugimoto; and the Mary Hunt Kahlenberg Collection of 101 Indonesian textiles dating to the early 15th century.

Christie’s expects Elaine Wynn’s collection to bring $75m, while her record-breaking Bacon triptych goes to Lacma

Christie’s will auction more than a dozen jewels from the collection of the late billionaire and philanthropist Elaine Wynn this autumn in New York, with total estimates exceeding $75 million. Highlights include Lucian Freud's *The Painter Surprised by a Naked Admirer* (2005) and Richard Diebenkorn's *Ocean Park #40* (1971), each estimated at $15–$25 million, alongside works by Joan Mitchell, J.M.W. Turner, Wayne Thiebaud, and others. Meanwhile, the crown jewel of Wynn’s collection—Francis Bacon’s 1969 triptych *Three Studies of Lucian Freud*, which she bought for a record $142.4 million at Christie’s in 2013—has been bequeathed to the Los Angeles County Museum of Art (Lacma) and will debut in its new David Geffen Galleries building next April.