Word: klimt
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Dates: during 2000-2009
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...closer inspection reveals that his walls are covered with depictions of Vincent Van Gogh and Gustav Klimt trees, and next to his metal filing cabinet stands one made out of oak wood. The office, it turns out, also overlooks the trees surrounding the Harvard University Herbaria, home to more than five million plant specimens...
...constant disputes over "deaccessioning"--what museums and other institutions do when they liquidate part of their collections. Though as a practice deaccessioning is nothing new, the outlandishly overheated art market of recent years has made it newly irresistible. At a time when a Jackson Pollock or a Gustav Klimt can go for about $140 million, it's no surprise that one institution after another has begun to see its "permanent collection" as just so much movable merchandise. But art is no ordinary inventory. Briskly disposing of it doesn't always sit well with people who like to visit...
...works in question include four paintings by the Viennese master Gustav Klimt, and a famous Berlin street scene by the German expressionist Ernest Ludwig Kirchner sold earlier this month for nearly $50 million. So-called "restituted" art - pieces either directly looted by Nazis, or ones their owners were forced to sell for below-market value to escape Hitler's regime - made up more than half of the record $491 million total sale at Christie's in New York earlier this month. Last summer, Klimt's most famous painting, the "Golden Adele," which had hung in a Vienna museum for more...
...Pufendorf, a lawyer. "The money has become more important than justice. The idea of restitution is correct, but it needs to be more just and less arbitrary." Von Pufendorf is demanding an independent investigation into the decision to hand over the painting. Both the "Berlin Street Scene" and Klimt's "Golden Adele" were bought by Ronald Lauder for his Neue Gallerie in New York. Several Klimts sold by Christies earlier this month also disappeared into private collections...
...Geffen sold two postwar paintings by Jasper Johns and Willem de Kooning for a combined $143.5 million. Geffen also sold a Jackson Pollock last week for $140 million, making it the single biggest art sale ever. It topped the previous record breaker--cosmetics magnate Ronald Lauder's purchase of Klimt's Portrait of Adele Bloch-Bauer I in June for $135 million. Although Geffen is rumored to be liquidating some art to make a bid for the Los Angeles Times, it's just as possible that the man senses a market peak when he sees...