It meets my sensibility, and that’s what it’s all about.”, Margulies also has philanthropic allegiances. ALEXTPHOTO.COM – EWM/THE MARGULIES COLLECTION AT THE WAREHOUSE, MIAMI.

Kiefer’s sprawling and darkly overwhelming installation Geheimnis der Farne (Secret of the Ferns)—a work from 2007 consisting of 48 paintings executed in clay, ferns, and emulsion along with a trio of 50,000-pound concrete sculptures that resemble Holocaust gas chambers—stands as a capstone to the collector’s vision. ��2�0p4�(0�\�p䵫�?i��2�Գ��������B�\�����^�3Y^:j������ Copyright © 2020 Penske Business Media, LLC.

Martin Z. Margulies On an abnormally brisk late October morning in Miami’s Wynwood Arts District, The Canvas entered the 50,000-square-foot Margulies Collection at the Warehouse to find the nonprofit’s 82-year-old eponymous founder personally leading a tour of school children through his collection. At the time, MAM was struggling to raise funds for its Herzog & de Meuron-designed new building which eventually opened in 2013. “He sold me a lot of nice work.”. Create a free family tree for yourself or for Martin Margulies and we’ll search for valuable new information for you. By 1980, Margulies had acquired a major and rare painting from Joan Miró’s famed “Constellation” series, “Femme dans la nuit” (Woman of the Night), 1940, which had been in the collection of Alexina “Teeny” Duchamp, Marcel Duchamp’s widow.

�smk�M�M|�&�r�`�u�i���/��M8�/xg({�*::��Q���h``�i�`F�4�P�I ��Q�Ew$��d`� ���X�ZFs~�Y��. But Untitled (Silver, Orange, Plum) has not gone on the block. Soon, Margulies was introduced to the top dealers of postwar and contemporary art in New York, including Bill Acquavella, Xavier Fourcade, Larry Rubin, Arne Glimcher, and Leo Castelli—the power brokers of their time. [3][4], In 1998, Margulies along with his longtime curator Katherine Hinds began looking for a suitable space to display the growing collection. [10], Also in 2010, Margulies pledged $5 million each to the Metropolitan Museum of Art and the Whitney Museum of American Art in New York,[11] a move that underlined his very public opposition to plans to redevelop the local Miami Art Museum (MAM). Margulies Collection. But it turns out it was significant in another way: it was a starting point of sorts for mega-collector Martin Z. Margulies. In 1999 they set up a warehouse space in then-derelict Wynwood to show his holdings of contemporary and vintage photography, video, sculpture and installation work. Martin Jon Margulies 1948 California Martin Jon Margulies, born 1948. Rothko paintings from that period and of similar scale have sold for as much as $86.8 million in recent auction seasons. ALEXTPHOTO.COM – EWM/THE MARGULIES COLLECTION AT THE WAREHOUSE, MIAMI. “I went to an auction in New York”—the Scull sale that was the talk of the town—”and I said to myself, ‘These people buying are smart people. One of the works from that series of the same size and date, Femme et Oiseaux, sold at Sotheby’s London in June 2017 for £24.5 million (about $31.1 million). FREE Background Report. Margulies bought the oversized work at Christie’s New York in November 1995 for $310,500. As a strategy, Margulies has followed the mantra of investor Warren Buffet: “buy and hold.” “I was approached by a guy who offered me a million dollars more for the Miró than what anybody else will pay, and I said, ‘Well, you can give me $20 million over it, but it’s not for sale.’ ”. In 2010, he made significant bequests of $20 million to Lotus House, a Miami homeless shelter for women and infants, and of $5 million to the New World Symphony, an orchestral academy based in Miami. Apart from seven-figure gifts to the Metropolitan Museum of Art, the Whitney Museum, and the Studio Museum in Harlem, his giving is best measured by his $40 million commitment to Miami’s Lotus House, a state-of-the-art live-in facility dedicated to improving the lives of over 500 homeless women and children. Margulies’s taste is broad and quirkily sophisticated as well as downright daring, encompassing everything from abstraction to realistic figurative work, paintings and sculpture to room-sized installations—plus a decidedly in-depth collection of photography and video. The sale of works collected by Robert C. Scull at Sotheby’s in 1973 represents a historic moment—the first time contemporary art came to the auction block in a grand fashion. If you made enough money you could embark on this new life, and it really turned out great.”, THE MARGULIES COLLECTION AT THE WAREHOUSE, MIAMI.

The Margulies Warehouse, where works in his collection live, is a standout even in Miami, where contemporary collections and museums abound—including the Institute of Contemporary Art, founded by Irma and Norma Braman; Mera and Don Rubell’s Rubell Family Collection; and the de la Cruz Collection of Carlos and Rosa de la Cruz. Martin Z. Margulies is a real-estate developer and collector of contemporary art and photography. For many years, Margulies maintained a publicly accessible sculpture garden on Grove Isle, a small, private island with condominium towers and a hotel in Coconut Grove and historically one of the most exclusive addresses in the city.

Get our latest stories in the feed of your favorite networks. The 50-work Sotheby’s sale by taxi-fleet owner Scull is widely considered the first major single-owner contemporary art auction held with jaw-dropping and record prices, including Willem de Kooning’s Abstract Expressionist masterpiece Police Gazette from 1955 that fetched a then-record (yes!) Subscribe to ARTnews today! %PDF-1.7 %����

The leading source of art coverage since 1902. Send us a tip using our anonymous form. In September, D.A.P. Although Liz is the daughter of prominent art collector Martin Margulies, we saw her experience her fair share of professional ups and downs on … The 81-year-old globe-trotting art collector and dedicated philanthropist (who has spent years on the ARTnews “Top 200 Collectors” list) has become known for his eponymous museum-scaled art warehouse in Miami’s Wynwood Arts District, which plays home to part of his mostly contemporary collection.

[5] The space was expanded and now offers over 50,000 sq ft (4,600 m2) of exhibition space.

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