Judd Foundation
Originally conceived in 1977, and created in 1996, the Judd Foundation was formed in order to preserve the work and installations of Judd in Marfa, Texas and at 101 Spring Street in New York. In 2006, the Judd Foundation decided to auction off about 36 of his sculptures in order to cover the costs of refurbishing the foundation's buildings. The foundation board requested one of its members, publisher Richard Schlagman, to get Christie's and Sotheby's to submit proposals for the sale of a group of works. Christie's offered a reported $21 million guarantee and agreed to display the consigned work for five weeks in New York on the 20th floor of the Simon & Schuster building. Concerns that the sale would have an adverse effect on the market proved unfounded and the exhibition itself won an AICA award for "Best Installation in an Alternative Space" for 2006. The $20 million in proceeds from the sale went into an endowment that enable the Foundation to fulfill its mission, supporting the 16 permanent installations that are located at 101 Spring Street in New York City and Marfa, Texas. Marianne Stockebrand, director of the Chinati Foundation, resigned from her post on the Judd Foundation’s board partly in protest of the auction.
Read more about this topic: Donald Judd
Famous quotes containing the word foundation:
“The Bermudas are said to have been discovered by a Spanish ship of that name which was wrecked on them.... Yet at the very first planting of them with some sixty persons, in 1612, the first governor, the same year, “built and laid the foundation of eight or nine forts.” To be ready, one would say, to entertain the first ship’s company that should be next shipwrecked on to them.”
—Henry David Thoreau (1817–1862)