Follow this tag to curate your own personalized Activity Stream and email alerts.
In 2010, while in town for the Los Angeles premiere of his documentary “Exit Through the Gift Shop,” the British street artist Banksy left a gift for fans: a mural of a girl on a swing, dangling beneath the five-foot red “A” of the word “PARKING” on a gritty downtown lot.
Now that girl — as well as the historic building in the downtown fashion district that serves as her canvas — is for sale to the highest bidder.
— The New York Times
The historic 26,000-square-foot Downtown Los Angeles building was purchased for $4 million three years prior to the popular documentary's premiere and underwent a $1.8 million renovation before its then-owners filed for Chapter 11 bankruptcy in April this year. Related on Archinect: Recent Banksy... View full entry
The opulent Sicilian castle featured in the third installment of The Godfather franchise has just gone on the market. For a cool €6m prospective buyers can expect 22 bedrooms, eight bathrooms, a wine cellar, an artist’s studio, a library, a private chapel and 2.1 acres of parkland. — The Art Newspaper
The fate of the sizable art collection located inside the house remains an important (and much more valuable) question as so far only the in situ works that exist in the house have been confirmed included in the sale. The manse was commissioned as a collector’s de facto private museum by a Baron... View full entry
Together, ONE Sotheby’s International Realty and Voxel Architects, along with general contractor and NFT collector Gabe Sierra, are introducing the first ever ‘MetaReal’ mansion that includes a real-world home and a virtual counterpart in the metaverse. The virtual home will live within The Sandbox metaverse.
The buyer of the NFT asset will also acquire ownership rights of the physical home, set to be completed in Miami in Q4 of 2022. This is the first time something like this has been done.
— Forbes
The company picked the up-and-coming virtual design firm that has rapidly gained a reputation for its metaverse designs hosted by platforms like Decentraland. Under a licensing agreement, the real estate entity leases its name from the -year-old auction house, which itself has dabbled rather... View full entry
Refik Anadol Studio has announced details of their Machine Hallucinations -Space: Metaverse NFT Collection, which is set to be auctioned by Sotheby’s Hong Kong. To create the NFTs, Anadol has minted a machine’s memories and dreams of space onto the blockchain, manifested through eight unique... View full entry
The Walker Guest House, completed by Rudolph in 1952, will be part of Sotheby's Important Design auction on December 12, with an estimated value ranging from $700,000 to $1 million. The midcentury structure was previously on the market for a reported $6,795,000, an endeavor that... View full entry
Today Sotheby's unveils its redesigned and newly-expanded gallery located in their global headquarters in New York. In collaboration with Sotheby's by Shohei Shigematsu and OMA, the redesign features updated exhibition spaces that provide optimal spatial layouts for their vast art collections... View full entry
The art market is rapidly changing, and even the big players aren't immune to the need for adjustment: auction power house Sotheby's today revealed a few conceptual glimpses into a dramatic reorganization and expansion of its NYC headquarters at 1334 York Avenue. The redesign, led by OMA Partner... View full entry
Saudi Crown Prince Mohammed Bin Salman has set multiple ambitious agendas for his desert kingdom. Turning it into a major cultural destination may end up being one of the highest-profile. For part of the plan, the Saudi government has turned to Sotheby’s, the biggest U.S. auction house, and Allan Schwartzman, the co-chairman of its fine art division. — Bloomberg
The largest auction house in the US, Sotheby’s, is in talks with Crown Prince HRH Mohammed bin Salman bin Abdulaziz Al Saud to build a cultural center in the northwest deserts of Saudi Arabia, according to Bloomberg. The contemporary art program is to be located in the Al-Ula region, which... View full entry
On November 11th in London, Sotheby's will be auctioning off the late great David Bowie's Memphis, Milano collection, which includes works by architect and designer Ettore Sottsass, Aldo Cibic, and Michele De Lucchi, among others. The works embody the Memphis movement's 1980s philosophy of 'New... View full entry
