A Leonardo Da Vinci painting has just broken the record for a work of art sold at an auction, at a final price of $450.3 million with fees.
The painting, “Salvator Mundi”, surpassed the 2015 sale of Picasso’s “Women of Algiers” for $179.4 million, which also took place at Christie’ Rockefeller Center HQ. The crowd was shocked by the 19-minute duel, and the winning buyer was not disclosed immediately.
Christie’s had been actively marketing the works from this year’s auction, having hired an external agency to advertise for the first time in the auction house’s history.
“It’s been a brilliant marketing campaign,” said Pyms Gallery director Alan Hobart. “This is going to be the future.”
Others are more critical of the way this campaign played out.
“This was a thumping epic triumph of branding and desire over connoisseurship and reality,” New York art adviser Todd Levin said.
The New York Times shared footage of the last moments of the bidding war:
New York City is replacing the MetroCard in an effort to modernize the transit system and minimize waits at ticket lines.
The Metropolitan Transportation Authority committee recently approved a $573 million contract to install a new payment system at more than 500 subway turnstiles and 600 buses throughout the city, some of which will be ready for use as soon as next year. The entire city will be switched over the the new system by 2020.
Chairman of the transit authority Joseph J. Lhota explained: “It’s the next step in bringing us into the 21st century, which we need to do. It’s going to be transformative.”
“The millennial generation, those who are more prone to new technology, will be our greatest users in the early stages,” he continuing, adding that card users will surely “want to be a part of it when they realize that 5.8 to 6 million people in NYC are getting on the subway every day.”
Riders Alliance executive director John Raskin said: “First things first: moving to a modern fare system is a convenience for riders. It allows them to benefit from the extraordinary innovations the private sector is undertaking these days.”
If you’re visiting NYC, you’re surely planning trips to popular spots such as the Statue of Liberty, the Metropolitan Museum of Art and of course a Broadway show.
But have you heard of the pink doors of Sel Rrose restaurant on the Lower East Side? Or Metrograph, a small cinema and restaurant in Manhattan? Or While We Were Young in the West Village? Maybe not, but some people are traveling to New York just to snap photos as these “grammable” locations.
A new trend is sweeping through the streets of NY as Instagram users hop around the city visiting photo-shoot worthy locations, choosing settings that offer vibrant backdrops or moody, romantic atmosphere for their Insta accounts.
New York local Kate Lumpkin says the new insta-culture has both benefits and drawbacks. While some tourists don’t get an in-depth experience of the city, others use Instagram trends to explore and enjoy some of the lesser-known spots throughout NY.
Sel Rrose owner Kristin Vincent agrees, and says she painted the restaurant doors with social media in mind. “It’s a New Yorker’s way of seeing the city. It’s not just the pink doors,” she explained.
A new book published by the University of Illinois Press sheds light on riveting NYC architecture and more. Authored by Professor Wallace, “Media Capital: Architecture and Communications in New York City,” examines the few remaining landmarks in the area constructed by media moguls for the express purpose of validating their dominance. This book might be of interest to those with a fascination for New York City, its buildings, architecture and how things have changed. Indeed, for those who frequent modern, luxurious places such as Shimmie Horn’s Cosmopolitan Hotel – Tribeca, the book provides an interesting comparison to what was then versus what is now. Wallace points out in the book how architecture “has served in no small capacity to shore up legitimacy in moments of doubt.” She also believes that the pattern is coming full circle – near the old Newspaper Row, in downtown New York, there is now a resurgence with moves by The Daily News and Condé Nast along with new media in old media space.