Show (Grachos) The Money!

Buffalo's biggest gallery had to fight its way through some of the most impassioned art lovers in the city, and the State Supreme Court, just to get to yesterday's auction at Sotheby's in New York City. But it seems the trouble was worth it for Director Louis Grachos and the Albright-Knox Art Gallery, which took in $16.1 million for just under two dozen of the museum's antiquities. That's more money that the gallery had estimated to make for the sale of all 207 pieces.
Many of the Chinese ceramics and works of art auctioned yesterday took in multiple times the amount expected in the appraisal. The top seller was a rare Shang Dynasty wine vessel, which sold for an astounding $7.2 million (originally valued between $2 and $3 million). Several other pieces netted millions for the gallery, including an ancient Chinese chimera that sold for $4.85 million.
Collectors and museum representatives from across Europe and Asia, even anonymous callers, got into full-out bidding wars over some of the most desired peices, obviously realizing the extraordinary value of some of the magnificent works of art the Albright-Knox was giving up. With the money gained from the auctions of the antiquities, which will continue for the next six months, the Albright-Knox will look to expand its collection of contemporary art and, the intention is, discover the valuable art of the future.
The next auction, of Indian and Southeast Asian Art, will take place this Friday. It will certainly be interesting to see if the excitement continues.

As we mentioned in our previous post, we’re in the process of changing the Buffalo Rising site. We’re almost there as we expect to launch the new site on Friday, December 19th.
In the meantime, posting will be light as we log new stories in the new publishing system which will only be viewable when we launch on Friday.
As always, we appreciate our users’ patience as we make this transition but we promise it will be well worth it. With faster load times, a comment view …
Caroline Kennedy was in town for a visit with our mayor yesterday. A possible choice to succeed US Senator Hillary Rodham Clinton, Kennedy's name has been mentioned along with that of Attorney General Andrew Cuomo (son of former New York Governor Mario Cuomo) and our own Byron Brown, among others.
Certainly, Kennedy has "been around politics" all of her life, which is to say she was born into a family of politicos and lived in the White House--neither of which would necessarily f …
Free light rail rides on downtown's above ground section could be derailed thanks to the Niagara Frontier Transportation Authority's budget mess. That is the news coming out of a Buffalo Place meeting this morning. Facing a budget shortfall and reduced State operating assistance, the NFTA is scrambling for new revenue sources and is contemplating charging for rides along the lengthy downtown pedestrian mall.




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Spoiled
Wow!!
I saw the auction list...A lot of furniture and ceramics.
This sale was well executed. Well advertised.
Though, I love antiques... I can't wait to see the money used to expand the modern collection which is in line with the charter. And the founders' original intent.
I plan on buying my first membership this year.
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Medina_Sandstone
We now know that flipping is no longer confined to Buffalo real estate. When you flip a house, you might weaken a neighborhood but at least the house stays put.
All contemporary art will by definition someday be old. Now that this precedent has been established, I expect to see you dutifully cheer when your beloved pieces go on the auction block..
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Matthewjohnp
That piece was actually bought by the AKAG for $10,000 many years ago. Not a bad investment....
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chrish
AKAG should give Carl Dennis a 10% cut on the sale after all the media attention he helped generate boosted international interest in the auction...
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sally
Since they have already received the money that they planned on, why don't they take the rest of the pieces off of the market. It would be a win win situation. The gallery receives it's estimated amount and most of the antiquities would still beowned by the Gallery
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EricOak
Only some of these works are "antiquities"--they span over a thousand years of art, including master paintings. Sadly, most of the media in Buffalo accepted the Albright's spin on the sale and used the Albright's language of euphemism: "deaccessioning" (which means sale to the highest bidder) and "antiquities," which for most people conjured the thought of dust. I'll give the Albright-Knox credit for excellent and aggressive media spin and damage control. Their judgement and taste were questioned, and they summoned every friend and ally they could to move the spotlights off the masterpieces for sale and onto doomsday prophecies of closings and irrelavance (in whose eyes?), onto the backward folk who dared to miss the artwork their taxes pay to house, and always onto pious and stern sermons about the museum's "mission," as if it were the ark of the covenant.
I hope more and more people will start watching what the Albright- Knox buys with their new funds. Let us compare it to what they sold and let our community contemplate what deeply moves its spirits. The Albright-Knox exists for this community, not for a tiny band of curators, collectors, and opinionists for art journals. Nor for the relatively small number of tourists who visit it. It exists for the enrichment of this community. And unlike Picasso, the twentieth century artist who thought it supremely stupid to segregate contemporary from older art, to even approach art with such a small mind, the Albright-Knox has decided to be a real gallery, in the best Madison Avenue sense of that word.
All this could be easier to swallow if someone from that board, or the Director, expressed genuine pain and disquiet over the loss of magnificent pieces. I looked hard for that genuine emotion--there was none. The Albright is now an even smaller place than it was, and unless fresh winds blow through its offices, it will get smaller and smaller.
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chris69
yes I agree....they got the money that the budgeted for....and they know that Buffalonians overwhelmingly disapprove of the sale of these items so common sense should tell them to stop the sale of further items......NOW!
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llrain
chris69... seriously could you be more ill informed.. Albright Knox members overwhelmingly APPROVED of the sale.. by a 3 to 1 margin.. keep the sale going.. new blood.. new art into a great museum can only improve.. especially considering the fact that most of the for sale pieces haven't even been in public view for years
Good job Albright.. about time someone had some foresight
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Spoiled
So, 75% of members approved of the sale...interesting...seem as if the members have spoken.
Also, it is difficult to please everyone...
Yes it can make for great displays to exhibit old with the new...We can learn from change...we can also barrow the pieces we need.
If I was the founder of an organization...put a lot of effort into setting up a gallery (not museum) to share my art collection with the public...I think I would be appreciative of quality advise from the members...but annoyed if the public told me how to run my organization. And if the public forced ideas on galleries, people who have the money and energy to start galleries may decide it is not worth the effort to share if they are only to be condemned.
If a gallery receives public funds then some rules-requests can be associated with the funds but they should not be told how to handle their product...it is not like paintings are hazardous materials and need epa controls (well... usually).
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EricOak
Spoiled,
75% of the Albright Knox membership chose NOT to vote. Only 25% of the membership did vote, and among that group the results were roughly 1200 for the sale and 400 against. So, less than 25% of the AK members voted to support this sale of artwork. This was after the AK mounted an aggressive media and telephone campaign to sway its members, and given their superior access to media, money, and influential allies, it was hardly surprising that they got a majority of those who chose to vote for selling the art.
The more revealing point is that by far most members of the AK did not feel sufficiently moved to vote at all. This tells us something about the impact of the Albright-Knox's recent aesthetic decisions. Most people don't really care what they do, and the museum's lack of relevance and meaning to Western New York will continue as it becomes a narrower and narrower museum.
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MJWorthington
Are people in this country ever moved to vote for anything? It seems they are not. Choosing not to vote, is a vote in itself.
Even though I personally think all this modern art equates to crap, it is still the museum's mission. Want to change the mission? Donate some $$$ to create a new ancient art wing or a whole new museum.
The only reason I would say to halt the rest of the sale, is to let the remaining items appreciate in value for future sales.
Once upon a time people mocked Picasso and Wright. Now we celebrate having ownership of some thier work here in WNY. The future is speculative, but we have to prepare for it and persue it. Especially when it is the museum's mission. We shall see how well the museum's future aquisitions will have turned out in 30-40 years.
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Medina_Sandstone
EricOak, about those media allies: whatever the merits of the auction, is it just me or was Artvoice's favorite columnist was nasty to the point of hysteria? I lost a lot of respect for him after he heaped so much abuse on Carl Dennis. It looked from the outside like the controversy just provided Bruce with an opportunity to beat up on someone whose Pulitzer he obviously envies or resents, since no one else dragged it into the debate.
The message to everyone is clear: DO NOT publically cross Bruce Jackson or he will do everything in his power to destroy you. And Artvoice will go along with it. And what does his column in yesterday's Artvoice show us? A sore winner.
Shameful, really shameful.
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EricOak
Medina, Yes, I found Mr. Jackson's columns embarrassing and a chore to read. And I don't know why Artvoice doesn't edit his pieces, which in this case were just wandering and tangential. In the past I have enjoyed some of his arguments; this time, he descended into the cheapest irony available: sarcasm. But it is not just Mr. Jackson. Most of the Buffalo art community leaders circled wagons with the Albright-Knox and brought the debate into low standards of argument. Name calling, hyperbole, tangential aspersions about people's character and personal lives, etc.... What the community needs to do is let the Albright-Knox know how parochail and narrow their recently mission has become. The fact that so few members of the gallery voted in this debate suggests that the gallery just doesn't matter that much anymore, except to the small sect of curators and opinionists for the Art magazines.
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chris69
Im kinda getting tired of the elitism at the A-K and the B-P with their secret meetings and secret agendas....especially when 25% of the members voted but led the allusion that the majority 51%-100% approved
Since when did 25% get to dictate the artistic tastes for the entire Buffalo Community. The last I heard the A-K and the B-P were institutions serving the public like the Historical, Science, Zoo, Botanical, even Hospitals...and all of them care and are responsive not just to their leadership/management but the the surrounding community and the local public....something the A-K and the B-P fail to learn...for in their world their artistic tastes and decisions have to be the decisions for the entire city
Imagine if the Historical Society said that only their version of history or the Science Museum said that only their version of Science was going to be represented...and that regardless of the greater public....their management/leadership has spoken.
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