Annie Cohen-Solal in Conversation with Eli Broad and Jeffrey Deitch

pics:tryharder

Annie Cohen-Solal in Conversation with Eli Broad and Jeffrey Deitch
Author Annie Cohen-Solal will discuss her recent book Leo and His Circle: The Life of Leo Castelli with philanthropist Eli Broad and MOCA Director Jeffrey Deitch.
MOCA

uh oh news /// MOCA needs more money

LA Times /// Mike Boehm :
Los Angeles' prestigious but chronically underfunded Museum of Contemporary Art has fallen into crisis. Museum Director Jeremy Strick said MOCA is seeking large cash infusions from donors, and this week he did not rule out the possibility of merging with another institution or sharing its collection of almost 6,000 artworks...
Unlike the Los Angeles County Museum of Art, which is partly controlled by the county, MOCA receives minimal government funding. Its annual budget has grown to exceed $20 million, but it relies on donors to pay about 80% of its expenses. When the gifts have fallen short, as they have more often than not during Strick's nine-year tenure, the museum has gone into its savings...
This month, in a bid to shave 10% off operating costs, the museum announced a six-month closure of its Geffen Contemporary exhibition space, which is leased from the city for $1 a year...
Strick said it's not unusual for business-minded members of any museum board to ask about selling art to relieve a cash crunch. But the unchanging answer, he said, is that it can't be done because "our mission is preserving and protecting this collection..."

in the news: LA Observed

in the news

Prop 8 in the Culver (LA) art news....

and:

Nov. 12 (Bloomberg) –– Eli Broad and fashion designer Valentino were among the collectors who converged on Sotheby's in New York last night to pick through big-name contemporary art at discount prices.``It's a half-price sale,'' said Broad, a 75-year-old billionaire who predicted for years that prices would fall. ``Things are a little more reasonable.'' Broad snagged Ed Ruscha's 1969 mustard-hued ``Desire'' for $2.4 million, 40 percent under the $4 million low estimate...

Broad gave paddle No. 434 a workout, buying a large orange Donald Judd aluminum and Plexiglas sculpture for $1.1 million and a small Robert Rauschenberg painting for $2.6 million. For the Broad Art Foundation, he bought Ruscha's ``Desire'' and a gaudy Jeff Koons sculpture for $2.2 million...

Christie's holds its contemporary auction tonight, featuring Lehman Brothers Holdings Inc. Chief Executive Officer Richard S. Fuld Jr.'s drawing collection, estimated to bring in about $20 million. Works by younger artists go under the hammer on Nov. 13 at Phillips de Pury & Co...

Desire, 1969
oil on canvas
60 H x 55 W (inches)