Princess Gloria von Thurn und Taxis likes motorcycles and rock stars, lavish parties and jewels. She is known among the international jet set as the "punk princess" who collects contemporary art.
But sometimes, she cleans house.
On Monday night she put 50 works by some of today's trendiest artists -- including Jeff Koons, Richard Prince, Cindy Sherman and Paul McCarthy -- up for sale at Phillips, de Pury & Co (Phillips auctioned 85 more works from her collection Tuesday.)
PHOTO: NY TIMES NEWS SERVICE
The sale totaled US$6.3 million, or US$7.4 million with Phillips' commission. (Prices of record include the commission: 20 percent of the first US$200,000 of the hammer price and 12 percent of the rest. Estimates do not reflect commissions.) The high estimate was US$7 million.
In 1993 the princess held a nine-day sale of furniture, art and objects from Schloss St. Emmeram, the family castle in Regensburg, Bavaria -- everything from a Harley-Davidson motorcycle to 75,000 bottles of vintage wine. That sale, which brought more than US$19 million, went to pay inheritance taxes on the estate of her husband, Prince Johannes, who died in 1990. In 1992 she sold much of the family jewels, also at Sotheby's. Simon de Pury, chairman of Phillips, then chairman of Sotheby's in Europe, presided over both events, and he and the princess became friends.
De Pury recently put her on Phillips' board. And on Monday night she showed her support for him and for the company by weeding out much of her collection. (Art dealers familiar with her collection say she has held on to the best work.) Before the auction, some dealers grumbled that the princess had bought many of the works recently in anticipation of turning them around at this auction to make a profit. Many also said the offerings were mediocre in quality. But that didn't seem to diminish the enthusiasm for contemporary art; even works made just months ago sold for strong prices. Records were set for eight artists.
Still, no single item made US$1 million. The most expensive work was Paul McCarthy's Santa Long Neck, a 2004 painted bronze sculpture of a distorted Santa Claus. It sold to a telephone bidder for US$856,000, over its US$700,000 high estimate and a record for the artist at auction.
There was less competition for Koons' Yorkshire Terriers, a polychromed wood sculpture of two dogs, one wearing a blue bow, the other a pink one. It is from an edition of three plus an artist's proof that Koons made in 1991. Only one bidder wanted the sculpture, and the hammer fell at US$550,000, just under the low estimate of US$600,000. Sometimes there was serious competition. The princess was selling two joke paintings -- plain-colored canvases from the 1980s with the text of jokes -- by Richard Prince, whose prices have skyrocketed over the last two years. Stellan Holm, a Manhattan dealer, and Hyun Sook Lee, president of the Kukje Gallery, one of the most successful galleries in Seoul, South Korea, fought over Untitled (A Man Walks into a Doctor's Office), from 1988. Both wanted the painting badly, and the winner was Lee, who paid US$475,200, far above its US$350,000 high estimate.
Prince's Why Are You Crying? (1988) was less popular and less expensive. Todd Levin, the curator for the Manhattan collector Adam Sender, bought it for US$296,000, above its low estimate of US$250,000.
The way even brand-new works sold surprised many dealers and collectors. Anselm Kiefer's 2005 sculpture XXI Claudia Quinta, made of lead books stacked precariously and topped with a model ship and human hair, was bought by James Cohan, the Manhattan dealer, for US$340,800, far above its high estimate of US$300,000.
After the sale, de Pury said it did not represent the end of the princess' collecting. "It is her intention," he said, "to keep buying art that is right now."
Feb. 17 to Feb. 23 “Japanese city is bombed,” screamed the banner in bold capital letters spanning the front page of the US daily New Castle News on Feb. 24, 1938. This was big news across the globe, as Japan had not been bombarded since Western forces attacked Shimonoseki in 1864. “Numerous Japanese citizens were killed and injured today when eight Chinese planes bombed Taihoku, capital of Formosa, and other nearby cities in the first Chinese air raid anywhere in the Japanese empire,” the subhead clarified. The target was the Matsuyama Airfield (today’s Songshan Airport in Taipei), which
On Jan. 17, Beijing announced that it would allow residents of Shanghai and Fujian Province to visit Taiwan. The two sides are still working out the details. President William Lai (賴清德) has been promoting cross-strait tourism, perhaps to soften the People’s Republic of China’s (PRC) attitudes, perhaps as a sop to international and local opinion leaders. Likely the latter, since many observers understand that the twin drivers of cross-strait tourism — the belief that Chinese tourists will bring money into Taiwan, and the belief that tourism will create better relations — are both false. CHINESE TOURISM PIPE DREAM Back in July
Could Taiwan’s democracy be at risk? There is a lot of apocalyptic commentary right now suggesting that this is the case, but it is always a conspiracy by the other guys — our side is firmly on the side of protecting democracy and always has been, unlike them! The situation is nowhere near that bleak — yet. The concern is that the power struggle between the opposition Chinese Nationalist Party (KMT) and their now effectively pan-blue allies the Taiwan People’s Party (TPP) and the ruling Democratic Progressive Party (DPP) intensifies to the point where democratic functions start to break down. Both
This was not supposed to be an election year. The local media is billing it as the “2025 great recall era” (2025大罷免時代) or the “2025 great recall wave” (2025大罷免潮), with many now just shortening it to “great recall.” As of this writing the number of campaigns that have submitted the requisite one percent of eligible voters signatures in legislative districts is 51 — 35 targeting Chinese Nationalist Party (KMT) caucus lawmakers and 16 targeting Democratic Progressive Party (DPP) lawmakers. The pan-green side has more as they started earlier. Many recall campaigns are billing themselves as “Winter Bluebirds” after the “Bluebird Action”
RSS