Deals
Kravis, Loeb Hit Art Show as $2 Million Painting Sells
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A $2 million painting by Ellsworth Kelly and five light holograms by James Turrell, priced at $100,000 apiece, were among the first artworks snapped up by collectors at the opening of the Art Show in Manhattan.
The 26th annual fair opened yesterday at the Park Avenue Armory to VIPs including Henry Kravis, co-chairman of the buyout firm KKR & Co. and Daniel Loeb, whose hedge fund Third Point LLC has criticized Sotheby’s for its sliding competitive position against Christie’s International Plc. Philanthropists Agnes Gund and Eli Broad strolled the aisles jammed with patrons wearing furs and diamonds and eating manchego-slathered lamb meatballs, sushi and mini pulled-pork sliders.