Pace Gallery Secures Brancusi Estate Ahead of Record $100M Auction
Pace Gallery has obtained worldwide representation for the Constantin Brancusi Estate and is set to host an exhibition in London this fall, curated by Jérôme Neutres, showcasing archival pieces and works from the secondary market. This news comes as Christie's New York prepares to auction Brancusi's 1917 sculpture Danaïde, which is valued at $100 million and hails from the collection of the late media tycoon S.I. Newhouse. This sale has the potential to break Brancusi's previous auction record of $71 million established in 2018. Newhouse acquired Danaïde for $18.2 million in 2002. The estate, formerly represented by Kasmin gallery, is owned by Théodor Nicol and overseen by the Nicol family, which possesses posthumous casts and archival items.
Key facts
- Pace Gallery secured global representation of the Constantin Brancusi Estate.
- An exhibition curated by Jérôme Neutres will open in London this fall.
- Brancusi's 1917 work Danaïde is estimated at $100 million at Christie's New York.
- Danaïde comes from the collection of the late S.I. Newhouse.
- The auction record for Brancusi is $71 million, set in 2018.
- Newhouse bought Danaïde in 2002 for $18.2 million.
- The Brancusi estate was previously with Kasmin gallery, which closed last year.
- Pace represents over 30 artist estates including Calder, Rothko, and Martin.
- The estate is owned by Théodor Nicol and managed by the Nicol family.
- Pace CEO Marc Glimcher sees the gallery as a market center for Brancusi.
Entities
Artists
- Constantin Brancusi
- Jérôme Neutres
- S.I. Newhouse
- Nicole Kidman
- Alexander Calder
- Mark Rothko
- Agnes Martin
- Amedeo Modigliani
- Natalia Dumitresco
- Alexandre Istrati
- Théodor Nicol
- Marc Glimcher
Institutions
- Pace Gallery
- Christie's
- Kasmin gallery
- Museum of Modern Art
- School of Paris
Locations
- London
- New York
- Paris
- Romania
- Rockefeller Center