Thursday, September 17, 2015

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

THE NEW YORK TIMES
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]