Pace Gallery Lands Brancusi Estate on Eve of Potential $100 Million Sale | Artnet News
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Pace Gallery Lands Brancusi Estate on Eve of Potential $100 Million Sale | Artnet News
Pace Gallery will represent the Constantin Brancusi Estate globally and stage a London exhibition in the fall. The exhibition will draw from archival material from the estate and from independently sourced secondary market works. The show will be curated by art historian Jérôme Neutres. The announcement aligns with the Christie's auction in New York of Brancusi’s 1917 sculpture Danaïde, estimated at $100 million, expected to set a new auction record. Brancusi, born in Romania, created modernist sculptures that reduce the human figure to essential abstract forms. His work drew on Romanian folk art, African wood carvings, and Cycladic figures, and he often incorporated sculpture bases as part of the artwork. Pace’s CEO Marc Glimcher emphasized authority, investment, and expertise in major artists. The estate previously had representation by Kasmin, which closed after its founder’s death.
"Pace Gallery has scored the global representation of the Constantin Brancusi Estate, the mega-gallery said this morning. It will stage an exhibition by the pioneering modernist sculptor in London this fall, drawing from the estate's archival material as well as independently sourced secondary market works. The show will be curated by the acclaimed art historian Jérôme Neutres."
"This evening, Brancusi's 1917 work Danaïde, from the collection of the late media mogul S.I. Newhouse, goes on the auction block at Christie's in New York, estimated at $100 million. Its sale will establish a new auction record for the artist. As one of the top works for the May auction season, Danaïde has been in the news-and an ad starring Oscar-winning actor Nicole Kidman. This past weekend, people waited in line outside the house's Rockefeller Center headquarters to view it."
"Born in Romania, Brancusi (1876-1957) is known for exquisite sculptures that transform human figure into essential, abstract elements. One of the 20th century's key artists and a leading exponent of modernism, Brancusi was an active if reclusive member of the School of Paris, a community of artists working in Paris in the decades before World War II. His art draws on Romanian folk art, African wood carvings, and Cycladic figures. He often made the bases of his sculptures part of the works, a major formal and conceptual contribution to the development of avant-garde art."
""When it comes to these great artists, if you want a shot at being part of that market, it isn't some backroom dealing anymore," Marc Glimcher, Pace's CEO said. "People want to recognize that you are an authority. We made a huge investment in these artists, this period. And we have a huge amount of expertise.""
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