Ascent Sotheby's International Realty • Vail, CO • 2014 Catalogue RESIDE® Magazine︱Summer 2014 | Page 7

Opposite page: The S|2 gallery in Sotheby’s New York premises, showing of Canadian abstract art. This page: An opening at Sotheby’s S|2 gallery in London (left) and the inaugural show of work by Joseph Beuys (below). Forthcoming exhibitions at S|2 include a show in New York entitled Power, which juxtaposes young artists next to the likes of Fontana, Manzoni and Daidamano. with ‘pop up’ exhibitions in Hong Kong and Los Angeles The move into private sales by auction houses marks prior to the opening of a gallery in London last year. As a significant development in the art world. As Tholstrop with New York, this was a separate entity from the auc- elaborates: “Auctions are the most transparent compo- tion house, this time, however, with its own premises nent of the art market, and establish publicly paid prices, over two floors on St George Street, itself the home to a from which the entire market, dealers and collectors alike, number of other cutting edge galleries and across from benefit. Today’s rapidly evolving global art market creates Sotheby’s London headquarters. a need for a multi-channel art business, which Sotheby’s Experienced curator Fru Tholstrup has been appointed is well-positioned to provide while leaving scope for many to run the programme, commenting at the opening: “I other players.” Perhaps it indicates that dealers and auc- have great plans for S|2, in terms of both museum-quality tion houses are moving closer together, yet there is no selling exhibitions and high-profile curators, which I look doubt that while boundaries may be blurring, Sotheby’s, forward to unveiling over the coming months. Certainly our through S|2, is at the forefront of this change. clients can expect the unexpected.” This has undoubtedly been the case, as the opening show of works by German artist Joseph Beuys has been followed by three curated shows, the latest entitled This Side of Paradise featuring paintings from young contemporary artists across Europe. What these exhibitions all revealed was the appetite of clien