Thursday, September 17, 2015

Sale of Cy Twombly work to help fund expansion of Jewish temple in Los Angeles

By Jori Finkel
Cy Twombly's “Untitled, 1968 (New York City).”Credit Sotheby's
CALIFORNIA---It’s become something of an art-market trope to say that for the price of a single painting by a blue-chip artist you could pay for an entire building by a well-known architect. Now the philanthropist Audrey Irmas has set into motion a chain of events that could illustrate exactly that, pledging $30 million from the sale of an early Cy Twombly “blackboard” painting at Sotheby’s to help the historic Wilshire Boulevard Temple construct a new building by Rem Koolhaas right next door. [link]