Morning Links

Morning Links: 74 Percent Loss Edition

Dmitry Rybolovlev, who sold a Gauguin last night for a formidable loss.FRANCK NATAF

Dmitry Rybolovlev, who sold a Gauguin last night for a formidable loss.

FRANCK NATAF

Art Fair Action

The scene at the ADAA Art Show opening last night included fine canapés, new paintings by Chris Ofili, and a $1.2 million Larry Bell. [ARTnews]

Guy Trebay takes a look at what people wore to the Zona Maco fair in Mexico City. [The New York Times]

The 1:54 art fair will launch an edition in Marrakech next February. It has previously staged editions in London and New York. [The Art Newspaper]

The Marketplace

A new record was set for Magritte last night at Christie’s London, when his La Corde Sensible (1960) sold for $17.7 million. [The Art Newspaper]

Dmitry Rybolovlev “takes 74 percent loss on $85 million Gauguin.” The work in question, Te Fare (La Maison), 1892, sold for $25 million last night at Christie’s London. [Bloomberg]

China once again has the largest market for art in the world, overtaking the United States, according to a new study by the French company Artprice. [AFP/Asia Times]

The Talent

Russell Panczenko is stepping down as director of the Chazen Museum of Art at the University of Wisconsin–Madison after 33 years on the job. [Wisconsin State Journal]

Bonus

Billionaire collector Wilbur Ross, who was recently confirmed as U.S. Commerce Secretary (and who is known to be a big Magritte buyer), sported slippers embroidered with the logo of the department he now leads to President Trump’s address to Congress. [USA Today]

A top 10 from artist Richard Kennedy. [Artforum]

Photos of the Marepe show that is on view at Max Hetzler in Paris for a few more days. [Contemporary Art Daily]

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