George Lindemann

George Lindemann

From Wikipedia, the free encyclopedia
Jump to: navigation, search
George Lindemann
Born George L. Lindemann
1936
New York City
Residence Palm Beach, Florida
Nationality United States
Ethnicity Jewish
Education B.A. University of Pennsylvania[1]
Occupation businessman
Net worth IncreaseUS$2.4 billion (March 2013)[1]
Spouse(s) Frayda B. Lindemann
Children Adam Lindemann
Sloan Lindemann Barnett
George Lindemann Jr.

George Lindemann is an American businessman and the Chairman and Chief Executive Officer of the Southern Union, a pipeline company.[2][3][4][5][6] He also owns 19 Spanish-language radio stations.[4][6]

Early life and education[edit]

George Lindemann was born to a Jewish family[7] in 1936 in New York City.[2] He received a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.[2][3][6]

Career[edit]

From 1962 to 1972, he served as the President of Smith, Miller and Patch, a pharmaceutical company.[3] He sold Permalens, his family company, to Cooper Labs for $75 million in 1971, and founded Vision Cable in 1972.[2][4][5][6] In 1982, he sold it to Samuel Irving Newhouse, Jr. and his brother for $220 million.[2][4][5][6] Shortly after, he founded a cell phone company called Metro Mobile and later sold it to Bell Atlantic for $2.5 billion in 1991.[2][4][5][6] He was then the CEO of Southern Union, a pipeline company, which was sold in 2012 to Energy Transfer Equity, LP for approximately $2.0 billion.[2][4][5][6] He also owns 19 Spanish-speaking radio stations.[4][6] He has been the President of Cellular Dynamics and the Managing General Partner of Activated Communications Limited Partnership since 1982.[3] He has been a General Partner of Panhandle Eastern since 1990.[3] He sits on the Board of Directors of HI Europe Limited and on the Advisory Board of Hudson Clean Energy Partners.[3]

Philanthropy and political activities[edit]

He has made donations to Republican candidates, such as Michele Bachmann, Newt Gingrich, Ed Royce, Denny Rehberg, and Virginia Foxx.[8] He is a supporter of the Center for Jewish History.[9]

Personal life[edit]

He is married to Dr. Frayda B. Lindemann[2] who serves as Vice-President on the Board of the Metropolitan Opera.[5] They have three children:[2]

  • Adam Marc Lindemann, President of Lindemann Capital, a renowned art collector, a columnist for the NY Observer, and a former champion polo player.[5] In 1989, he married Elizabeth Ashley Graham.[10] Her maternal grandfather is Charles R. Denny, former chairman of the FCC.[10]
  • Sloan Lindemann Barnett sits on the Board of Trustees of the New York University School of Law and runs a natural health products business.[5] She is married to Roger Barnett, CEO of Shaklee, the largest natural nutrition company in the United States. They have three children.[11]
  • George Lindemann Jr., is a former highly ranked equestrian, now well-known art collector, investor, environmental advocate and philanthropist in Miami.[5] He serves as the president of the Board of Directors of the Bass Museum of Art.

George Lindemann Sr. lives in Palm Beach, Florida, with further homes on the Upper East Side and in Greenwich, Connecticut.[2][4][5][6] As of September 2011, he is the 736th richest person in the world, and the 220th richest in the United States, with an estimated wealth of US$ 2.1 billion.[2] He owns a 180-foot schooner, Adela, which has won international sailing competitions.[5][6] The Lindemanns are members of the Jewish Federation of Long Beach County.[12]

References[edit]

  1. ^ a b Forbes: The World's Billionaires: "George Lindemann" March 2013
  2. ^ a b c d e f g h i j k Forbes profile
  3. ^ a b c d e f BusinessWeek profile
  4. ^ a b c d e f g h Robert Trigaux, 'Florida boasts 10 of world's richest', in St. Petersburg Times, February 28, 2003 [1]
  5. ^ a b c d e f g h i j k Peter Latterman and Michael J. De La Merced, 'Natural Gas Bidding War Puts Spotlight on a Billionaire', in The New York Times, June 28, 2011 [2]
  6. ^ a b c d e f g h i j Wharton Magazine
  7. ^ Forbes Israel: Jewish Billionaires - Profile of George Lindemann April 14, 2013 (in Hebrew)
  8. ^ Huffington Post campaign contributions
  9. ^ Center for Jewish History Bulletin Fall/Winter 2006
  10. ^ a b New York Times: "Elizabeth Graham, Graduate Student, Is Married to Adam Marc Lindemann" October 16, 1989
  11. ^ New York University Law Alumni of the Month December 2009: Sloan Lindemann Barnett ’93 retrieved May 3, 2013
  12. ^ Jewish Federation of Long Beach County Honor Roll 2011
Persondata
Name Lindemann, George
Alternative names
Short description Businessperson
Date of birth 1936
Place of birth New York City
Date of death
Place of death
<img src="//en.wikipedia.org/w/index.php?title=Special:CentralAutoLogin/start&amp;type=1x1" alt="" title="" width="1" height="1" style="border: none; position: absolute;" />

George Lindemann

George Lindemann

From Wikipedia, the free encyclopedia
Jump to: navigation, search
George Lindemann
Born George L. Lindemann
1936
New York City
Residence Palm Beach, Florida
Nationality United States
Ethnicity Jewish
Education B.A. University of Pennsylvania[1]
Occupation businessman
Net worth IncreaseUS$2.4 billion (March 2013)[1]
Spouse(s) Frayda B. Lindemann
Children Adam Lindemann
Sloan Lindemann Barnett
George Lindemann Jr.

George Lindemann is an American businessman and the Chairman and Chief Executive Officer of the Southern Union, a pipeline company.[2][3][4][5][6] He also owns 19 Spanish-language radio stations.[4][6]

Early life and education[edit]

George Lindemann was born to a Jewish family[7] in 1936 in New York City.[2] He received a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.[2][3][6]

Career[edit]

From 1962 to 1972, he served as the President of Smith, Miller and Patch, a pharmaceutical company.[3] He sold Permalens, his family company, to Cooper Labs for $75 million in 1971, and founded Vision Cable in 1972.[2][4][5][6] In 1982, he sold it to Samuel Irving Newhouse, Jr. and his brother for $220 million.[2][4][5][6] Shortly after, he founded a cell phone company called Metro Mobile and later sold it to Bell Atlantic for $2.5 billion in 1991.[2][4][5][6] He was then the CEO of Southern Union, a pipeline company, which was sold in 2012 to Energy Transfer Equity, LP for approximately $2.0 billion.[2][4][5][6] He also owns 19 Spanish-speaking radio stations.[4][6] He has been the President of Cellular Dynamics and the Managing General Partner of Activated Communications Limited Partnership since 1982.[3] He has been a General Partner of Panhandle Eastern since 1990.[3] He sits on the Board of Directors of HI Europe Limited and on the Advisory Board of Hudson Clean Energy Partners.[3]

Philanthropy and political activities[edit]

He has made donations to Republican candidates, such as Michele Bachmann, Newt Gingrich, Ed Royce, Denny Rehberg, and Virginia Foxx.[8] He is a supporter of the Center for Jewish History.[9]

Personal life[edit]

He is married to Dr. Frayda B. Lindemann[2] who serves as Vice-President on the Board of the Metropolitan Opera.[5] They have three children:[2]

  • Adam Marc Lindemann, President of Lindemann Capital, a renowned art collector, a columnist for the NY Observer, and a former champion polo player.[5] In 1989, he married Elizabeth Ashley Graham.[10] Her maternal grandfather is Charles R. Denny, former chairman of the FCC.[10]
  • Sloan Lindemann Barnett sits on the Board of Trustees of the New York University School of Law and runs a natural health products business.[5] She is married to Roger Barnett, CEO of Shaklee, the largest natural nutrition company in the United States. They have three children.[11]
  • George Lindemann Jr., is a former highly ranked equestrian, now well-known art collector, investor, environmental advocate and philanthropist in Miami.[5] He serves as the president of the Board of Directors of the Bass Museum of Art.

George Lindemann Sr. lives in Palm Beach, Florida, with further homes on the Upper East Side and in Greenwich, Connecticut.[2][4][5][6] As of September 2011, he is the 736th richest person in the world, and the 220th richest in the United States, with an estimated wealth of US$ 2.1 billion.[2] He owns a 180-foot schooner, Adela, which has won international sailing competitions.[5][6] The Lindemanns are members of the Jewish Federation of Long Beach County.[12]

References[edit]

  1. ^ a b Forbes: The World's Billionaires: "George Lindemann" March 2013
  2. ^ a b c d e f g h i j k Forbes profile
  3. ^ a b c d e f BusinessWeek profile
  4. ^ a b c d e f g h Robert Trigaux, 'Florida boasts 10 of world's richest', in St. Petersburg Times, February 28, 2003 [1]
  5. ^ a b c d e f g h i j k Peter Latterman and Michael J. De La Merced, 'Natural Gas Bidding War Puts Spotlight on a Billionaire', in The New York Times, June 28, 2011 [2]
  6. ^ a b c d e f g h i j Wharton Magazine
  7. ^ Forbes Israel: Jewish Billionaires - Profile of George Lindemann April 14, 2013 (in Hebrew)
  8. ^ Huffington Post campaign contributions
  9. ^ Center for Jewish History Bulletin Fall/Winter 2006
  10. ^ a b New York Times: "Elizabeth Graham, Graduate Student, Is Married to Adam Marc Lindemann" October 16, 1989
  11. ^ New York University Law Alumni of the Month December 2009: Sloan Lindemann Barnett ’93 retrieved May 3, 2013
  12. ^ Jewish Federation of Long Beach County Honor Roll 2011
Persondata
Name Lindemann, George
Alternative names
Short description Businessperson
Date of birth 1936
Place of birth New York City
Date of death
Place of death
<img src="//en.wikipedia.org/w/index.php?title=Special:CentralAutoLogin/start&amp;type=1x1" alt="" title="" width="1" height="1" style="border: none; position: absolute;" />

George Lindemann

George Lindemann

From Wikipedia, the free encyclopedia
Jump to: navigation, search
George Lindemann
Born George L. Lindemann
1936
New York City
Residence Palm Beach, Florida
Nationality United States
Ethnicity Jewish
Education B.A. University of Pennsylvania[1]
Occupation businessman
Net worth IncreaseUS$2.4 billion (March 2013)[1]
Spouse(s) Frayda B. Lindemann
Children Adam Lindemann
Sloan Lindemann Barnett
George Lindemann Jr.

George Lindemann is an American businessman and the Chairman and Chief Executive Officer of the Southern Union, a pipeline company.[2][3][4][5][6] He also owns 19 Spanish-language radio stations.[4][6]

Early life and education[edit]

George Lindemann was born to a Jewish family[7] in 1936 in New York City.[2] He received a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.[2][3][6]

Career[edit]

From 1962 to 1972, he served as the President of Smith, Miller and Patch, a pharmaceutical company.[3] He sold Permalens, his family company, to Cooper Labs for $75 million in 1971, and founded Vision Cable in 1972.[2][4][5][6] In 1982, he sold it to Samuel Irving Newhouse, Jr. and his brother for $220 million.[2][4][5][6] Shortly after, he founded a cell phone company called Metro Mobile and later sold it to Bell Atlantic for $2.5 billion in 1991.[2][4][5][6] He was then the CEO of Southern Union, a pipeline company, which was sold in 2012 to Energy Transfer Equity, LP for approximately $2.0 billion.[2][4][5][6] He also owns 19 Spanish-speaking radio stations.[4][6] He has been the President of Cellular Dynamics and the Managing General Partner of Activated Communications Limited Partnership since 1982.[3] He has been a General Partner of Panhandle Eastern since 1990.[3] He sits on the Board of Directors of HI Europe Limited and on the Advisory Board of Hudson Clean Energy Partners.[3]

Philanthropy and political activities[edit]

He has made donations to Republican candidates, such as Michele Bachmann, Newt Gingrich, Ed Royce, Denny Rehberg, and Virginia Foxx.[8] He is a supporter of the Center for Jewish History.[9]

Personal life[edit]

He is married to Dr. Frayda B. Lindemann[2] who serves as Vice-President on the Board of the Metropolitan Opera.[5] They have three children:[2]

  • Adam Marc Lindemann, President of Lindemann Capital, a renowned art collector, a columnist for the NY Observer, and a former champion polo player.[5] In 1989, he married Elizabeth Ashley Graham.[10] Her maternal grandfather is Charles R. Denny, former chairman of the FCC.[10]
  • Sloan Lindemann Barnett sits on the Board of Trustees of the New York University School of Law and runs a natural health products business.[5] She is married to Roger Barnett, CEO of Shaklee, the largest natural nutrition company in the United States. They have three children.[11]
  • George Lindemann Jr., is a former highly ranked equestrian, now well-known art collector, investor, environmental advocate and philanthropist in Miami.[5] He serves as the president of the Board of Directors of the Bass Museum of Art.

George Lindemann Sr. lives in Palm Beach, Florida, with further homes on the Upper East Side and in Greenwich, Connecticut.[2][4][5][6] As of September 2011, he is the 736th richest person in the world, and the 220th richest in the United States, with an estimated wealth of US$ 2.1 billion.[2] He owns a 180-foot schooner, Adela, which has won international sailing competitions.[5][6] The Lindemanns are members of the Jewish Federation of Long Beach County.[12]

References[edit]

  1. ^ a b Forbes: The World's Billionaires: "George Lindemann" March 2013
  2. ^ a b c d e f g h i j k Forbes profile
  3. ^ a b c d e f BusinessWeek profile
  4. ^ a b c d e f g h Robert Trigaux, 'Florida boasts 10 of world's richest', in St. Petersburg Times, February 28, 2003 [1]
  5. ^ a b c d e f g h i j k Peter Latterman and Michael J. De La Merced, 'Natural Gas Bidding War Puts Spotlight on a Billionaire', in The New York Times, June 28, 2011 [2]
  6. ^ a b c d e f g h i j Wharton Magazine
  7. ^ Forbes Israel: Jewish Billionaires - Profile of George Lindemann April 14, 2013 (in Hebrew)
  8. ^ Huffington Post campaign contributions
  9. ^ Center for Jewish History Bulletin Fall/Winter 2006
  10. ^ a b New York Times: "Elizabeth Graham, Graduate Student, Is Married to Adam Marc Lindemann" October 16, 1989
  11. ^ New York University Law Alumni of the Month December 2009: Sloan Lindemann Barnett ’93 retrieved May 3, 2013
  12. ^ Jewish Federation of Long Beach County Honor Roll 2011
Persondata
Name Lindemann, George
Alternative names
Short description Businessperson
Date of birth 1936
Place of birth New York City
Date of death
Place of death
<img src="//en.wikipedia.org/w/index.php?title=Special:CentralAutoLogin/start&amp;type=1x1" alt="" title="" width="1" height="1" style="border: none; position: absolute;" />

George Lindemann

George Lindemann

George Lindemann

From Wikipedia, the free encyclopedia
Jump to: navigation, search
George Lindemann
Born George L. Lindemann
1936
New York City
Residence Palm Beach, Florida
Nationality United States
Ethnicity Jewish
Education B.A. University of Pennsylvania[1]
Occupation businessman
Net worth IncreaseUS$2.4 billion (March 2013)[1]
Spouse(s) Frayda B. Lindemann
Children Adam Lindemann
Sloan Lindemann Barnett
George Lindemann Jr.

George Lindemann is an American businessman and the Chairman and Chief Executive Officer of the Southern Union, a pipeline company.[2][3][4][5][6] He also owns 19 Spanish-language radio stations.[4][6]

Early life and education[edit]

George Lindemann was born to a Jewish family[7] in 1936 in New York City.[2] He received a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.[2][3][6]

Career[edit]

From 1962 to 1972, he served as the President of Smith, Miller and Patch, a pharmaceutical company.[3] He sold Permalens, his family company, to Cooper Labs for $75 million in 1971, and founded Vision Cable in 1972.[2][4][5][6] In 1982, he sold it to Samuel Irving Newhouse, Jr. and his brother for $220 million.[2][4][5][6] Shortly after, he founded a cell phone company called Metro Mobile and later sold it to Bell Atlantic for $2.5 billion in 1991.[2][4][5][6] He was then the CEO of Southern Union, a pipeline company, which was sold in 2012 to Energy Transfer Equity, LP for approximately $2.0 billion.[2][4][5][6] He also owns 19 Spanish-speaking radio stations.[4][6] He has been the President of Cellular Dynamics and the Managing General Partner of Activated Communications Limited Partnership since 1982.[3] He has been a General Partner of Panhandle Eastern since 1990.[3] He sits on the Board of Directors of HI Europe Limited and on the Advisory Board of Hudson Clean Energy Partners.[3]

Philanthropy and political activities[edit]

He has made donations to Republican candidates, such as Michele Bachmann, Newt Gingrich, Ed Royce, Denny Rehberg, and Virginia Foxx.[8] He is a supporter of the Center for Jewish History.[9]

Personal life[edit]

He is married to Dr. Frayda B. Lindemann[2] who serves as Vice-President on the Board of the Metropolitan Opera.[5] They have three children:[2]

  • Adam Marc Lindemann, President of Lindemann Capital, a renowned art collector, a columnist for the NY Observer, and a former champion polo player.[5] In 1989, he married Elizabeth Ashley Graham.[10] Her maternal grandfather is Charles R. Denny, former chairman of the FCC.[10]
  • Sloan Lindemann Barnett sits on the Board of Trustees of the New York University School of Law and runs a natural health products business.[5] She is married to Roger Barnett, CEO of Shaklee, the largest natural nutrition company in the United States. They have three children.[11]
  • George Lindemann Jr., is a former highly ranked equestrian, now well-known art collector, investor, environmental advocate and philanthropist in Miami.[5] He serves as the president of the Board of Directors of the Bass Museum of Art.

George Lindemann Sr. lives in Palm Beach, Florida, with further homes on the Upper East Side and in Greenwich, Connecticut.[2][4][5][6] As of September 2011, he is the 736th richest person in the world, and the 220th richest in the United States, with an estimated wealth of US$ 2.1 billion.[2] He owns a 180-foot schooner, Adela, which has won international sailing competitions.[5][6] The Lindemanns are members of the Jewish Federation of Long Beach County.[12]

References[edit]

  1. ^ a b Forbes: The World's Billionaires: "George Lindemann" March 2013
  2. ^ a b c d e f g h i j k Forbes profile
  3. ^ a b c d e f BusinessWeek profile
  4. ^ a b c d e f g h Robert Trigaux, 'Florida boasts 10 of world's richest', in St. Petersburg Times, February 28, 2003 [1]
  5. ^ a b c d e f g h i j k Peter Latterman and Michael J. De La Merced, 'Natural Gas Bidding War Puts Spotlight on a Billionaire', in The New York Times, June 28, 2011 [2]
  6. ^ a b c d e f g h i j Wharton Magazine
  7. ^ Forbes Israel: Jewish Billionaires - Profile of George Lindemann April 14, 2013 (in Hebrew)
  8. ^ Huffington Post campaign contributions
  9. ^ Center for Jewish History Bulletin Fall/Winter 2006
  10. ^ a b New York Times: "Elizabeth Graham, Graduate Student, Is Married to Adam Marc Lindemann" October 16, 1989
  11. ^ New York University Law Alumni of the Month December 2009: Sloan Lindemann Barnett ’93 retrieved May 3, 2013
  12. ^ Jewish Federation of Long Beach County Honor Roll 2011
Persondata
Name Lindemann, George
Alternative names
Short description Businessperson
Date of birth 1936
Place of birth New York City
Date of death
Place of death
<img src="//en.wikipedia.org/w/index.php?title=Special:CentralAutoLogin/start&amp;type=1x1" alt="" title="" width="1" height="1" style="border: none; position: absolute;" />

George Lindemann

George Lindemann

From Wikipedia, the free encyclopedia
Jump to: navigation, search
George Lindemann
Born George L. Lindemann
1936
New York City
Residence Palm Beach, Florida
Nationality United States
Ethnicity Jewish
Education B.A. University of Pennsylvania[1]
Occupation businessman
Net worth IncreaseUS$2.4 billion (March 2013)[1]
Spouse(s) Frayda B. Lindemann
Children Adam Lindemann
Sloan Lindemann Barnett
George Lindemann Jr.

George Lindemann is an American businessman and the Chairman and Chief Executive Officer of the Southern Union, a pipeline company.[2][3][4][5][6] He also owns 19 Spanish-language radio stations.[4][6]

Early life and education[edit]

George Lindemann was born to a Jewish family[7] in 1936 in New York City.[2] He received a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.[2][3][6]

Career[edit]

From 1962 to 1972, he served as the President of Smith, Miller and Patch, a pharmaceutical company.[3] He sold Permalens, his family company, to Cooper Labs for $75 million in 1971, and founded Vision Cable in 1972.[2][4][5][6] In 1982, he sold it to Samuel Irving Newhouse, Jr. and his brother for $220 million.[2][4][5][6] Shortly after, he founded a cell phone company called Metro Mobile and later sold it to Bell Atlantic for $2.5 billion in 1991.[2][4][5][6] He was then the CEO of Southern Union, a pipeline company, which was sold in 2012 to Energy Transfer Equity, LP for approximately $2.0 billion.[2][4][5][6] He also owns 19 Spanish-speaking radio stations.[4][6] He has been the President of Cellular Dynamics and the Managing General Partner of Activated Communications Limited Partnership since 1982.[3] He has been a General Partner of Panhandle Eastern since 1990.[3] He sits on the Board of Directors of HI Europe Limited and on the Advisory Board of Hudson Clean Energy Partners.[3]

Philanthropy and political activities[edit]

He has made donations to Republican candidates, such as Michele Bachmann, Newt Gingrich, Ed Royce, Denny Rehberg, and Virginia Foxx.[8] He is a supporter of the Center for Jewish History.[9]

Personal life[edit]

He is married to Dr. Frayda B. Lindemann[2] who serves as Vice-President on the Board of the Metropolitan Opera.[5] They have three children:[2]

  • Adam Marc Lindemann, President of Lindemann Capital, a renowned art collector, a columnist for the NY Observer, and a former champion polo player.[5] In 1989, he married Elizabeth Ashley Graham.[10] Her maternal grandfather is Charles R. Denny, former chairman of the FCC.[10]
  • Sloan Lindemann Barnett sits on the Board of Trustees of the New York University School of Law and runs a natural health products business.[5] She is married to Roger Barnett, CEO of Shaklee, the largest natural nutrition company in the United States. They have three children.[11]
  • George Lindemann Jr., is a former highly ranked equestrian, now well-known art collector, investor, environmental advocate and philanthropist in Miami.[5] He serves as the president of the Board of Directors of the Bass Museum of Art.

George Lindemann Sr. lives in Palm Beach, Florida, with further homes on the Upper East Side and in Greenwich, Connecticut.[2][4][5][6] As of September 2011, he is the 736th richest person in the world, and the 220th richest in the United States, with an estimated wealth of US$ 2.1 billion.[2] He owns a 180-foot schooner, Adela, which has won international sailing competitions.[5][6] The Lindemanns are members of the Jewish Federation of Long Beach County.[12]

References[edit]

  1. ^ a b Forbes: The World's Billionaires: "George Lindemann" March 2013
  2. ^ a b c d e f g h i j k Forbes profile
  3. ^ a b c d e f BusinessWeek profile
  4. ^ a b c d e f g h Robert Trigaux, 'Florida boasts 10 of world's richest', in St. Petersburg Times, February 28, 2003 [1]
  5. ^ a b c d e f g h i j k Peter Latterman and Michael J. De La Merced, 'Natural Gas Bidding War Puts Spotlight on a Billionaire', in The New York Times, June 28, 2011 [2]
  6. ^ a b c d e f g h i j Wharton Magazine
  7. ^ Forbes Israel: Jewish Billionaires - Profile of George Lindemann April 14, 2013 (in Hebrew)
  8. ^ Huffington Post campaign contributions
  9. ^ Center for Jewish History Bulletin Fall/Winter 2006
  10. ^ a b New York Times: "Elizabeth Graham, Graduate Student, Is Married to Adam Marc Lindemann" October 16, 1989
  11. ^ New York University Law Alumni of the Month December 2009: Sloan Lindemann Barnett ’93 retrieved May 3, 2013
  12. ^ Jewish Federation of Long Beach County Honor Roll 2011
Persondata
Name Lindemann, George
Alternative names
Short description Businessperson
Date of birth 1936
Place of birth New York City
Date of death
Place of death
<img src="//en.wikipedia.org/w/index.php?title=Special:CentralAutoLogin/start&amp;type=1x1" alt="" title="" width="1" height="1" style="border: none; position: absolute;" />

George Lindemann Journal - "A Blend of Beauty and Violence" @wsj -By Mary Lane

George Lindemann Journal

By
Mary M. Lane

Updated Nov. 15, 2013 12:13 p.m. ET

On a fall evening in 2007, New York-based dealer Arne Glimcher sat in a Sotheby's BID +2.46% Sotheby's U.S.: NYSE $51.99 +1.25+2.46% Nov 15, 2013 2:20 pm Volume (Delayed 15m) : 685,095 P/E Ratio 33.76 Market Cap $3.49 Billion Dividend Yield 0.77% Rev. per Employee $536,709 5352515010a11a12p1p2p3p 11/14/13 Peltz Holds On to Mondelez Sta... 11/14/13 'Pink Star' Diamond Fetches Re... 11/12/13 Stocks to Watch: Sarepta, Dish... More quote details and news » BID in Your Value Your Change Short position auction room in London and watched bidding soar for "Garden of Earthly Delights III," a fantastical painting by artist Raqib Shaw.

The seascape—made with glitter, rhinestones and enamel—featured underwater fights between marine chimaera, including a toucan-headed man attacking a malevolent creature with piranha fangs. When the hammer fell, the painting sold for $5.5 million, almost seven times its $811,000 low estimate. (Mr. Glimcher had given up after $2.5 million.)

Seeing the works convinced Mr. Glimcher that the Calcutta-born artist would be a perfect addition to Pace, his New York-based gallery. The dealer began wooing Mr. Shaw with an ambitious plan to fill three of Pace's four Manhattan spaces with the artist's work for his debut gallery show in America.

That exhibition, "Paradise Lost," opened last week and runs through Jan. 11. It depicts bizarre fantasy worlds being destroyed by violent savagery through 10 paintings, three sculptures and three works on paper. The show has been drawing 1,000 visitors a day—a lot for a small gallery space—and represents four years of labor for Mr. Shaw, a self-described "recluse" who goes weeks without leaving his London studio. He lives there with his dogs Minty and Mr. C and a collection of over 50 indoor bonsai trees.

"I don't do friends and family. I think they're a waste of time," he says, adding that he leaves the long-term safekeeping of his career to Mr. Glimcher, who nurtured the careers of heavyweight artists Robert Rauschenberg and Agnes Martin.

At the Pace show in New York, Mr. Shaw's paintings run from $500,000 to $1.5 million, his works on paper are $275,000 and his sculptures are $375,000 to $3 million. All have already sold.

Each of Mr. Shaw's works requires several months. The 39-year-old artist says that their painstaking detail has ensured that he hasn't taken a vacation in 15 years.

He spends weeks crafting intricate drawings on vellum parchment before transferring them to absorbent, high-grain birchwood panels reinforced by metal. Then, Mr. Shaw uses flammable enamels including Mercedes-Benz auto paint to create fantasy characters in loud colors, including neon green and orange.

In "Arrival of the Rain King—Paradise Lost II," Mr. Shaw depicts an imposing neoclassical edifice being torn apart by zebras with human arms and lion-like heads. The creatures also battle for dominance, tearing off chunks of each other's flesh.

Mr. Shaw's inspiration was the contemporary clash between Eastern and Western cultures, the writings of John Milton and the apocalyptic paintings of Hieronymus Bosch, he says.

The trio of sculptures by Mr. Shaw all feature athletic male nudes with smooth bodies that contrast sharply with the heads of reptiles, rams and rhinoceroses. Each creature wears a pair of trendy, lace-up boots, a reference to Mr. Shaw's original wish to become a fashion designer as a child.

"I can't do scissors and stitching," he says.

George Lindemann Journal - "At $142.4 Million, Triptych Is the Most Expensive Artwork Ever Sold at an Auction" @nytimes -by Carol Vogel

George Lindemann Journal

At $142.4 Million, Triptych Is the Most Expensive Artwork Ever Sold at an Auction

2013 Estate of Francis Bacon/Artists Rights Society (ARS), New York/DACS, London

It took seven superrich bidders to propel a 1969 Francis Bacon triptych to $142.4 million at Christie’s on Tuesday night, making it the most expensive work of art ever sold at auction. William Acquavella, the New York dealer, is thought to have bought the painting on behalf of an unidentified client, from one of Christie’s skyboxes overlooking the auction.

The price for the painting, which depicts Lucian Freud, Bacon’s friend and rival, perched on a wooden chair, was more than the $85 million Christie’s had estimated. It also toppled the previous record set in May 2012 when Edvard Munch’s fabled pastel of “The Scream” sold at Sotheby’s for $119.9 million and broke the previous record for the artist at auction set at the peak of the market in May 2008, when Sotheby’s sold a triptych from 1976 to the Russian oligarch Roman Abramovich for $86.2 million.

When the bidding for “Three Studies of Lucian Freud” finally stopped, after more than 10 fraught minutes, the overflowing crowd in the salesroom burst into applause. Two disappointed bidders could be seen leaving the room. “I went to $101 million but it hardly mattered,” said Larry Gagosian, the super-dealer who was trying to buy the painting on behalf of a client. Another contender was Hong Gyu Shin, the director of the Shin Gallery on Grand Street in Manhattan, who said he was bidding for himself.

“I was expecting it to go for around $87 million,” Mr. Shin said. Although he explained that he collects mostly Japanese woodblock prints and old master paintings, he found the triptych by the Irish-born painter, who died in 1992, irresistible. “I loved that painting and I couldn’t control myself,” he said. “Maybe someday I’ll have another chance.”

For more than a month now, Christie’s has been billing the sale as a landmark event with a greater number of paintings and sculptures estimated to sell for over $20 million than it has ever had before. The hard sell apparently worked. Nearly 10,000 visitors flocked to its galleries to preview the auction. The sale totaled $691.5 million, far above Christie’s $670.4 million high estimate, becoming the most expensive auction ever. It outstripped the $495 million total set at Christie’s in May.

Of the 69 works on offer, only six failed to sell. All told, 10 world record prices were achieved for artists who, besides Bacon, included Christopher Wool, Ad Reinhardt, Donald Judd and Willem de Kooning.

The sale was also a place to see and be seen. Christie’s Rockefeller Center salesroom was standing room only, with collectors including Michael Ovitz, the Los Angeles talent agent; Aby Rosen, the New York real estate developer; Martin Margulies, from Miami; Donald B. Marron, the New York financier; and Daniel S. Loeb, the activist investor and hedge fund manager.

The Bacon triptych was not the only highflier. A 10-foot-tall mirror-polished stainless steel sculpture that resembled a child’s party favor, Jeff Koons’s “Balloon Dog (Orange)” sold to another telephone bidder for $58.4 million, above its high $55 million estimate, becoming the most expensive work by a living artist sold at auction. The pooch was being sold by Peter M. Brant, the newsprint magnate who auctioned the canine to raise money to endow his Greenwich, Conn., foundation. In the 1990s, Mr. Koons had created the sculpture in an edition of five, each in a different color. Four celebrated collectors own the others: Steven A. Cohen, the hedge-fund billionaire, has a yellow one; Eli Broad, the Los Angeles financier, owns a blue one; François Pinault, the French luxury goods magnate and owner of Christie’s, has the magenta version; and Dakis Joannou, the Greek industrialist, has his in red. Christie’s had estimated Mr. Brant’s sculpture would fetch $35 million to $55 million.

(Final prices include the buyer’s premium: 25 percent of the first $100,000; 20 percent of the next $100,000 to $2 million; and 12 percent of the rest. Estimates do not reflect commissions.)

Another strong price was set for a classic image in contemporary art history — Andy Warhol’s “Coca Cola [3],” one of only four paintings of a single Coca-Cola bottle that the artist made in 1961 and 1962. Jose Mugrabi, the New York dealer, bought the painting from S. I. Newhouse Jr. in 1986 and he was said to be selling it on Tuesday night. That painting made $57.2 million. It had been estimated to sell for $40 million to $60 million.

Three bidders went for Rothko’s “No. 11 (Untitled),” one of the artist’s abstract canvases, this one in an orange palette and created in 1957. It was being sold by the estate of Bruce J. Wasserstein, the financier who died in 2009. Christophe van de Weghe, a Manhattan dealer, bought the painting for $46 million, above its high $35 million estimate. Mr. van de Weghe also bought “Apocalypse Now,” a seminal painting by Mr. Wool, whose work is currently the subject of a major retrospective at the Guggenheim Museum. Bidding on behalf of a client, he paid $26.4 million for the painting. Created in 1988, the white canvas is filled with the words “Sell the House Sell the Car Sell the Kids,” a line from the Francis Ford Coppola movie of the same title. The painting belonged to David Ganek, the former New York hedge fund manager and Guggenheim board member. Mr. Ganek has since resigned from the board.

After the sale, Jussi Pylkkänen, chairman of Christie’s Europe and the evening’s auctioneer, noted how international the bidding was. Besides a healthy showing of American bidders, there were also a lot of potential buyers from Asia and Europe trying to get into the action. “There were more players from the New World than ever before,” he said, “and more people spending over $20 million.

“But,” he warned, in order to have such a successful sale, “you have to have the material.”

A version of this article appears in print on November 13, 2013, on page A27 of the New York edition with the headline: At $142.4 Million, Triptych Is the Most Expensive Artwork Ever Sold at an Auction.

George Lindemann Journal - "Sotheby's Strong Sale Anchored by $50 Million Giacometti Bronze" @wsj -by @KellyCrowWSJ

George Lindemann Journal

After Christie's bumpy lead-in to the New York fall auctions, Sotheby's held a robust sale of Impressionist and modern art on Wednesday that could reassure collectors about the trajectory of the market overall.

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Alberto Giacometti's "Large Thin Head (Large Head of Diego)" sold for $50 million at auction in New York Wednesday. Reuters

Earlier this week, Christie's three-day series of Impressionist and modern art sales totaled $293.7 million. On Wednesday, Sotheby's got nearly that much from its evening sale alone. Its $290.2 million total represented one of the highest in the company's history, thanks to a trio of pieces that each topped $30 million.

New York dealer Bill Acquavella, who buys for American billionaires, paid $50 million for Alberto Giacometti's "Large Thin Head (Large Head of Diego)," a 2-foot-tall, spindly bronze bust of the artist's brother that was priced to sell for $35 million to $50 million. An anonymous telephone bidder also paid $39.9 million for Pablo Picasso's colorful 1935 portrait of his mistress sporting a purple beret, "Head of a Woman." That painting was only expected to sell for up to $30 million.

Picasso's cherry-red, 1969 portrait of a swashbuckling musketeer, "Musketeer with a Pipe," also sold for $30.9 million, exceeding its $18 million high estimate and resetting the high bar for a late-era work by the artist. The buyer was Monte Carlo dealer David Nahmad, whose son Helly was recently accused by federal prosecutors in Manhattan of participating in an illegal gambling ring. The Nahmads have denied any wrongdoing.

The art market is a high-stakes table all its own, and Sotheby's said collectors from 13 countries anted up on Wednesday—notably those hailing from the U.S., Switzerland and Latin America. Collectors from the last group, including Brazilians, took home Francis Picabia's $8.8 million "Volucelle II," a confection of black-and-white stripes dotted with colorful, bowling ball-shaped orbs, as well as works by Marc Chagall. Chinese collectors also underbid heavily for classic examples of Impressionists like Camille Pissarro and Claude Monet.

At least five bidders chased after Monet's shivery "Icicles," and a telephone bidder won it—after a protracted bidding war—for $16.1 million, over its $14 million high estimate.

Dealers said Sotheby's won out this week in part by offering works that hadn't been traded lately in the marketplace, which gave the works a where's-that-been freshness that collectors crave. Only a dozen of its 64 offerings had even turned up at auction in the past two decades and several of the priciest offerings, like the Giacometti bronze, were auction first-timers. After Christie's saw some of its most expensive examples by Picasso fail to find takers earlier this week, Sotheby's also had the luxury of time to go back to its sellers and adjust their reserves, or minimum asking prices, downward. Bidding for some of Sotheby's works, like a Juan Gris that sold for $8.8 million, started at $4.7 million—well below a typical starting price.

But bidders at Sotheby's also exuded more exuberance, a sign they may have simply preferred the house's offerings over its rival this time around. The telephone buyer of the Gris also picked up a $1.9 million Giorgio de Chirico, a $2.6 million Jacques Lipschitz, and a $1.4 million Auguste Rodin.

Overall, 52 of Sotheby's 64 pieces found buyers, helping the sale achieve a strong 92.3% of its potential presale value. Records were broken for artists like Picabia, Lipschitz, Jean Arp, and Gustave Courbet.

After the sale, Sotheby's specialist Simon Shaw said collectors are still willing to shop, but they no longer want to overpay. "The market sorts out what's truly great."

George Lindemann Journal - "German Police Pick Up More Artworks" @wsj by @MaryLaneWSJ

George Lindemann Journal

BERLIN—Police near Stuttgart took possession of artwork in a local residence on Saturday connected to Cornelius Gurlitt, the man at the center of an investigation into a cache of lost, Nazi-confiscated art, a police spokesman said.

According to photos and a report first published in the Sunday edition of German newspaper Bild, authorities collected 22 artworks wrapped in old newspapers, Bubble Wrap and duct tape and placed them into the back of a police car.

A huge cache of modern art found in the apartment of an elderly Munich man is in the hands of German officials - but what they are going to do with it is up in the air. Via WSJ's global news update The Foreign Bureau.

Nikolaus Fräßle, Mr. Gurlitt's brother-in-law, lives in the house, according to the paper. Mr. Fräßle, the widower of Mr. Gurilitt's deceased sister, didn't return calls to his house in the southern German town of Kornwestheim.

Police near Stuttgart took possession of artwork in a local residence connected to Cornelius Gurlitt, the man at the center of an investigation into a cache of lost, Nazi-confiscated art. Mary Lane reports. Photo: AP.

A police spokesman in Kornwestheim confirmed on Sunday that pictures in connection with the Gurlitt case were taken from a residence in the town but wouldn't say how many or from whom.

Mr. Fräßle contacted the police himself to ask them to come pick up the art because he was concerned about security, Bild reported.

The 1,400 works of art seized by German prosecutors from Mr. Gurlitt's Munich apartment in early 2012, a discovery made public last week, are believed to have been collected by his father, Hildebrand Gurlitt.

Augsburg prosecutors have declined to release a full list of the works in the trove, but among them are works on paper by Pablo Picasso, and works of unidentified material by Pierre-Auguste Renoir, Edgar Degas, Henri de Toulouse-Lautrec and Auguste Rodin. Also found in the younger Mr. Gurlitt's apartment was an oil painting of a girl by Henri Matisse that was known to have been taken by the Nazis from prominent Paris art dealer Paul Rosenberg.

The senior Mr. Gurlitt, now deceased, was a leading art dealer for the Nazis and was known to have sold Nazi-confiscated works labeled as "degenerate" by Adolf Hitler. Many so-called degenerate works are known to have been taken from Jews and others persecuted by the Nazis.

Write to Mary M. Lane at mary.lane@wsj.com

George Lindemann Journal - "Pressure Mounts to Return Nazi-Looted Art" @nytimes by @alisonsmale

George Lindemann Journal
Christof Stache/Agence France-Presse — Getty Images
Michael Dalder/Reuters
Christof Stache/Agence France-Presse — Getty Images
Christof Stache/Agence France-Presse — Getty Images
Michael Dalder/Reuters
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BERLIN — The mysterious discovery of 1,400 artworks apparently collected by a German dealer under the Nazis continued to ripple disturbingly through Germany and the art world on Sunday, prompting reports of a deal with Hitler’s propaganda chief and calls for Germans to do more to return lost works to Jewish heirs.
The Bild newspaper reported on Sunday that the dealer — an art connoisseur named Hildebrand Gurlitt who supported artists banned by the Nazis but also dealt in stolen art with Hitler’s propaganda chief, Joseph Goebbels — arranged with Goebbels in 1940 to pay 4,000 Swiss francs for 200 pieces of “degenerate art,” the Nazi term to describe many modernist European works.

In southwestern Germany, meanwhile, the police said they had recovered 22 “valuable” artworks after a call from someone who gave an address just outside Stuttgart to go there and retrieve them.

Deidre Berger, head of the American Jewish Committee in Germany, called on the German government to move decisively to clear up ownership questions surrounding the art.

“It is a disgrace that laws are still in existence that justify injustice,” Ms. Berger said in a statement, referring to Nazi-era laws that leave the ownership status of some confiscated art unclear. She also noted the poignancy of having the art come to light as Jews gathered in Berlin this weekend to commemorate the 75th anniversary of Kristallnacht, the beginning of Hitler’s murderous persecution of the Jews.

Paris Match published what it said was a photograph of Hildebrand Gurlitt’s son, Cornelius, who reportedly kept the 1,400 works stashed for decades in a Munich apartment belonging to his family. A neighbor of Mr. Gurlitt’s in Salzburg, Austria, confirmed that the picture was that of the elderly man.

Der Spiegel magazine also reported receiving a typewritten and signed letter last week from Cornelius Gurlitt that listed the return address as the same apartment where the art was found. In the letter, the writer praised “your spiritually rich and nobly minded” magazine, but asked that the Gurlitt family name no longer be mentioned in it.

The large trove of art was discovered by authorities in February 2012, but became public knowledge only in recent days, stunning the art world and setting off a scramble to establish ownership. Authorities have publicly identified just a handful of the works.

In its report on the Gurlitt-Goebbels contract, Bild included a list of the 200 works that were to change hands, including ones by, among others, Picasso, Chagall and Gauguin.

After World War II, Hildebrand Gurlitt reported that most of his collection and all of his inventory had been destroyed in the 1945 bombing of Dresden. Twenty to 25 works listed as belonging to him were included in an exhibition that toured the United States in the mid-1950s. He died in a traffic accident in 1956.

The police in the southwestern state of Baden-Württemberg said on Sunday that they had received a call from a resident of Kornwestheim, about six miles north of Stuttgart, which sent officers to a house there on Saturday, where they recovered 22 artworks.

The police did not identify the caller, but Bild named the man as Nikolaus Frässle, the brother-in-law of Cornelius Gurlitt. The police said that the caller had said that news reports led him to fear for the safety of the works. The police took the works “to a safe place,” the statement said. Bild said Mr. Frässle was married to Cornelius Gurlitt’s sister, identified in official archives as Nicoline Benita Renate Gurlitt, who was born in Hamburg in 1935, three years after Cornelius. Bild said she had died but provided no further details.

The contract with Goebbels listed Hildebrand Gurlitt as living in Hamburg at the time. At some point during World War II, the family moved to or near Dresden, and fled farther south to Bavaria as the war was ending.

The elder Gurlitt was interrogated by the Allies, and his collection — listed as a few hundred works — was kept until 1950, when it was returned to him. The origins of those pieces — and of the far larger cache found in the Munich apartment of Cornelius Gurlitt — is unclear. German authorities have said that research is needed before they can publish a list, but museums and the heirs of collectors who were stripped of their works by the Nazis have urged swift action to return artworks to their rightful owners.

The Sunday edition of the Frankfurter Allgemeine newspaper, meanwhile, reported that a painting by Max Liebermann, one of the few of the 1,400 works to be publicly identified, was listed in Germany’s official databank for art seized by the Nazis. The piece, depicting two men riding horses on a beach, is sought by the descendants of David Friedmann, who had been a sugar refiner in Breslau, a former German city now known as Wroclaw in Poland.