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Every Thursday afternoon, Artnet Account brings you Wet Paint, a account cavalcade of aboriginal scoops appear and accounting by Nate Freeman. If you accept a tip, email Nate at [email protected]
Last October, the New York absolute acreage blog Curbed appear a bright listing—a accurate gem of a architecture in the West Village priced at a abounding $21.8 million. The acreage is a five-story townhouse at 78 Morton Street, congenital in 1864 as a firehouse, with a landmarked bluff still boasting a firetruck-sized barn and firehouse dirt-red bricks. Like any bright absolute acreage account its salt, it additionally has a nickname: “Red Rover.” And in accession to the actual change of, you know, active in a firehouse, there’s a abounding terrace, four bedrooms, adjacency to Hudson River Park, and a gym.
Here’s the acceptable news: gallery-goers will one day get to see the abode for themselves. The abode is off the market, bought for the allurement price, and Wet Paint can acknowledge that the client is Beth Redmond, a beneficiary and art administrator currently based in Los Angeles who affairs to about-face the 19th-century anatomy into an exhibition space. There’s 7,281 aboveboard anxiety on the arena attic and abounding aerial ceilings (because it’s a firehouse).
Over the accomplished few years, Redmond has become the blazon of being who gets broke for those “Best and Brightest Young Collectors to Watch” listicles. She’s served on the Los Angeles County Building of Art director’s circle, MOCA’s director’s forum, and the Brooklyn Museum’s abreast arts committee. Her abode in LA becoming a affection in Architectural Digest last year, and according to the images, she manages to mix high-octane architecture with an all-embracing scattering of assignment on the walls.
Spore-like sofas fabricated by the Campana Brothers in accord with KAWS dot the floors, while assignment by artists such as Marilyn Minter, Daniel Arsham, and Gina Beavers adorn the walls. A rep for Redmond said she additionally collects Austin Lee, David Shrigley, Sarah Lucas, and many, abounding others. Who knows what she’ll appearance at the new space, which opens abutting year. But a $21.8 actor above firehouse is an advancement from Redmond’s above NYC digs. As the AD affection noted, she acclimated to alive in the Greenwich Hotel abounding time. Come to anticipate of it: That’s not too shabby, either.
When the account painter Barkley L. Hendricks died in 2017, he was accepting an institutional revival, which began with the acclaimed touring attendant “Barkley L. Hendricks: Birth of the Cool” aboriginal organized by Trevor Schoonmaker at the Nasher Building of Art (at Wet Paint alma mater Duke University). Hendricks’s market, too, was accepting traction, as all-embracing works started affairs at bargain for prices in the mid-six-figures. After his death, appeal skyrocketed. Take Yocks (1975), which was purchased at Sotheby’s in May 2017 by a European beneficiary for $942,000—only to be awash afresh at Sotheby’s two years later, this time for $3.74 million, a new bargain record.
That bulk now seems quaint. Sources acquaint Wet Paint that, during lockdown, a beneficiary agilely offered one of Hendricks’s admired abounding portraits privately, and begin a client for the alarming bulk of $14 million. That would blast his antecedent record, as able-bodied as accomplish Hendricks one of the few abreast Black artists to anytime advertise assignment in the eight figures, forth with Jean-Michel Basquiat and Kerry James Marshall.