lizkat
Watching March roll out real winter
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Even the Royal Opera House is coming up on hard times during the pandemic... no arts venue has been spared the lack of audience and income.
Royal Opera House to sell off David Hockney painting in bid to stay afloat
Portrait of former CEO and arts pioneer David Webster could fetch up to £18m
www.theguardian.com
The sale at Christie’s of Hockney’s portrait of the late Sir David Webster will be publicly announced on Monday. Webster ran the opera house for 25 years from 1945 to 1970, during its greatest period of expansion and ambition. Christie’s expects it to go for between £11m and £18m.
The painting, which was commissioned for the Covent Garden building in the 1970s, is to go up for auction later this month in an unprecedented attempt to protect the venue’s future as a home for the Royal Ballet and for international opera.
“We are the biggest arts employer in the country and we knew we had to look at any assets we had,” said Beard. “And there is only really one of any note that stands out and that is this portrait.”
Hockney has been informed, said Beard, who worked previously at the Tate. “We have a good relationship, but he does not much like it when any of his work is auctioned.”