How successful was tonight’s Paddles ON! sale of digital art in London? On its face pretty good. Phillips sale totaled £83,500 ($113,636.83), exceeding their high estimate for the sale at £67,150 ($91,392.43). Dig a little deeper, though, and the results of the auction as a whole, which included 22 lots, suggest a still developing market: Five lots went unsold and four sold for under their estimates. Two unremarkable abstract panels that sold for as much as five times their estimate boosted the evenings sale numbers. Michael Staniak’s IMG_885, a monochrome painting made of casting compound and acrylic on board, brought in the most; it sold for £25,000, £20,250 over its £4,750 estimate. Trailing Staniak came Michael Manning’s Chinese Broccolini Torta, a pastel digital print on canvas which sold for £15,000, £10,000 over its £5,000 estimate.
Robin Cembalest, the Editor-in-Chief of ARTnews, has announced she will retire her position. She has spent 16 years with the magazine. In an email from Cembalest received this afternoon, she announced she would would continue to work as a consultant, but is looking to develop her non-profit youth arts blog, niborama. Cembalest will stay on through July 2nd to transition the new editor-in-chief, who is none other than Gallerist Founder and Observer Culture Editor, Sarah Douglas. The Observer has not yet announced the name of their new culture editor.
Looks like Paddles ON! London, is on its way to replicating the strides made during last year’s much-discussed net-art auction, the first at a major auction house. Last fall, the auction held in New York at Phillips totalled $90,600 on the sale of 16 pieces out of 20 lots. People widely lauded the auction as a success—a GIF sold for $1,300 and the excitement from the live auction crowd was palpable—but financially, the case for Paddles ON! achievements aren’t clear cut. Nine of the works sold for less than their estimated bids, and four of those were bought in by the auction house.
The Jo-Mar warehouse was issued a stop-work order for violating building, electrical, plumbing, and zoning codes. As a result of these issues, Shift Capital did not have a certificate of occupancy, which made any occupancy illegal.
Here’s how to make the American Alliance of Museums angry: Sell artwork from your museum to cover your debts. After William Holman Hunt’s “Isabella and the Pot of Basil” sold for $4.25 million at Christie’s in London, the AAM publicly revoked the museum’s membership and advised all other AAM members against working with them. In other words, they’ve been blacklisted.