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June 06, 2008

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D

Hello LAARTSUCKS,

I actually found out about you because I hate Blum and Poe with a passion. I don't even live in LA and they make my blood curdle. Why don't you continue fighting the good fight, by singling them out some more? I think that is the best way to go about this. I know poor struggling students from CAL ARTS that are emmbarassed to be in the same state as that place and call themselves artists. You did a great job on one of your posts, singling out directors by name and whatnot--that is exactly what I would like to see more of. Keep on rapping, but make it COUNT! Call out names! Coke partys at Mr. Chows and on private yachts must be infiltrated and Blum and Poe staff must be systematically weeded out! If you can pull this off, I may consider returning to LA at some point.

Your sister in arms,
D.

D.

Me Again, just one last tidbit, then I will drop this point and carry on with my life. The following article is frightening. Who are these people? Bankers? Turning shit into gold. I fully support you LAARTSUCKS but hope you direct your critical agency toward the people who are capitalizing the most on the arts in LA. If the Blum and Poe crowd can sell cutesy toys for millions, I know you can exploit this.

I look forward to reading more of your posts, as I know you can provide brutal commentary.
Good luck!
D.

http://www.bloomberg.com/apps/news?pid=20601088&sid=afoOE_n1ee38&refer=home


$8 Million Murakami `Buddha' Sells

By Scott Reyburn
Enlarge Image/Details

June 4 (Bloomberg) -- An $8 million Takashi Murakami sculpture was among early sales yesterday as Switzerland's Art Basel opened to invited guests, including Russian billionaire Roman Abramovich and his partner Daria Zhukova.

Howard Rachofsky, from Dallas, and Donald and Mera Rubell, from Miami, were also in the crowd of 8,000 collectors who hurried into Hall 2 of the Basel Messe for the opening of the world's largest fair of modern and contemporary art, said exhibitors.

Sellers at the 39th fair are hoping the rich remain as eager to spend money as they were at contemporary-art auctions last month in New York at Sotheby's, Christie's International and Phillips de Pury. Those sales raised a record total of $971.5 million with fees as buyers from emerging markets shrugged off the credit crisis.

``Business is perfectly lovely,'' said Timothy Blum, co- owner of Los Angeles art dealer Blum & Poe. The gallery sold Murakami's 18 1/2 foot-high aluminum and steel sculpture, ``Oval Buddha,'' to a western European collector who Blum wouldn't name.

Alexandra Gaty, a director of Blum & Poe, said the sculpture, dating from 2007, was one of an edition of three. It was among more than 70 large-scale works included in the fair's Art Unlimited section in Hall 1 of the Messe, which previewed on June 2. Another version can be seen in the former IBM building on 57th Street, New York, which now houses the auction house Bonhams.

Blum & Poe also sold a smaller version of the Murakami sculpture, from an edition of 10 in sterling silver, to a U.S. collector for $2 million, said Blum.

`Less Frenetic'

``It's a less frenetic pace than last year,'' Blum said. ``Because of the earlier timing of the fair, we're missing a large group of Americans. We normally see a lot more museum groups.''

This year, the event moved forward 10 days to precede the arrival of the Euro 2008 soccer tournament in Switzerland. U.S. collectors had been reluctant to leave children who had yet to start school vacations, Blum said.

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