Word: acquavella
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...estate, Art Lawyer Ralph F. Colin, went into high gear. It took him 14 more years of negotiation, a lawsuit against Klumpp and another against the government of East Germany to winkle out the missing paintings and get them to New York City. They were first exhibited at the Acquavella Galleries in Manhattan last fall. Now they can be seen (through Feb. 9) at the Phillips Collection in Washington...
...began, like most neophyte collectors who have a bundle to spend, with the easy, lovable stuff: Impressionism, and specifically Renoir. But rather than dive in at the deep end of the art market on his own--a certain prelude to drowning--Wynn found himself a guide in William Acquavella, 60, a closemouthed and formidably well-connected New York private dealer whose stockroom is one of the best in the U.S. Acquavella impressed on Wynn that in the art market, there are no bargains: he would have to pay top dollar for top works. The big test of this came with...
Some things came by luck and were grabbed on the wing. Wynn relishes describing how he and Acquavella were in London to conclude the deal on a Tahitian Gauguin, Bathers. With time to kill, they dropped in on the small upstairs gallery of Thomas Gibson, a private dealer in Old Bond Street. And there, on an easel, was a painting that had just come in on consignment a few hours before: Degas's pastel Dancer Taking a Bow, 1887, one of the finest of his ballet scenes, which had been in one of the collections of the Rothschild family...
Guarantees can backfire. Sotheby's guarantee on the recent four-day sale of the collection of John T. Dorrance Jr., the late Campbell's soup heir, nearly did so. According to ARTnewsletter, a trade sheet, the dealer William Acquavella offered the Dorrance estate a guarantee of $100 million, but Sotheby's trumped him with $110 million. Though the sale realized a total of $131.29 million, it did so only because Sotheby's had persuaded the heirs to accept a "global reserve" (the minimum price acceptable to the seller on the whole collection), instead of placing a reserve, or minimum...
...British critics raved about his youthful ability to turn, as the Manchester Guardian's Eric Newton put it, "hard bronze into lambent flame." Last week the U.S. got its first good look in years at Sculptor Underwood's work in an appealing exhibition at Manhattan's Acquavella Galleries...
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