{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Art Market — Global Fine Art Trends, Auction Data, Market Insights","title":"$50M Pollock Fails to Sell; Obama Center Reveals 28 Art Commissions; Mexico City's Kahlo Museum Reopens","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/a205417e\"></iframe>","width":"100%","height":180,"duration":363,"description":"June 9: $50M Pollock Fails to Sell; Obama Center Reveals 28 Art Commissions; Mexico City's Kahlo Museum ReopensA week after the spring season closed at $1.8B, a different Pollock tells a different story — one that didn't sell. This week we read the top of the market: a stalled private sale, a single-owner collection coming to Christie's, the Da Vinci archive reunited, and a busy week for museums.In this episode:The Pollock That Didn't Sell- Sotheby's private sale of Pollock's \"Number 19, 1951\" failed to launch (June 2), per Artforum- Owned by dealer Arne Glimcher; reportedly priced ~$50M; no buyer found- Context: Pace Gallery cutting ~50 artists; CEO Marc Glimcher called the mega-gallery model \"unfixable\" (Artnet)- Artnet asks whether the mega-gallery model is collapsing; Asia recalibrating, India surging- Read: pressure concentrated at the top — the 8-figure trophy tier and the mega-galleries built to sell itArt at the Obama Presidential Center- $850M campus opens late June in Jackson Park, Chicago's South Side; designed by Tod Williams Billie Tsien Architects (Hyperallergic)- Built as a community center as much as a presidential library — museum tower nicknamed the \"Obamalisk,\" plus an NBA-regulation court, a Chicago Public Library branch, playground, and gardens- 28+ commissioned contemporary works: Mark Bradford \"City of the Big Shoulders\" (3-story Chicago painting); Jack Pierson \"HOPE\" (marquee letters at entrance); Idris Khan \"Sky of Hope\" (text from Obama's 2015 Selma speech); Nick Cave & Marie Watt tapestry; plus Carrie Mae Weems, Jenny Holzer, Theaster Gates, Lorna Simpson, Maya Lin- Curatorial team: Virginia Shore, Crystal Moten, Louise Bernard- Scrutiny: South Side gentrification concerns — rising rents, displacement, and whether the campus meets its community commitmentsA Counterpoint at Christie's- Christie's announces the Collection of the Hon. Patrick and Lady Amabel Lindsay — outstanding works across six specialist sales, June-October- Pattern:...","thumbnail_url":"https://img.transistorcdn.com/V79siN69TqJOU-LX1mLP9J7P-JG9r3lhoQpL5VCCsDs/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jMTFm/ZmViNDEyZmY2Nzhi/N2M0OGNmZmI4ZWM2/MDhmYS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}