Finance Ministry to offer eight T-bill, bond tenders worth EGP 190bn this week    US forces capture Maduro in "Midnight Hammer" raid; Trump pledges US governance of Venezuela    Gold slips at start of 2026 as thin liquidity triggers profit-taking: Gold Bullion    ETA begins receiving 2025 tax returns, announces expanded support measures    Port Said health facilities record 362,662 medical services throughout 2025    Madbouly inspects Luxor healthcare facilities as Universal Insurance expands in Upper Egypt    Nuclear shields and new recruits: France braces for a Europe without Washington    Cairo conducts intensive contacts to halt Yemen fighting as government forces seize key port    Gold prices in Egypt end 2025's final session lower    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    Egyptian pound edges lower against dollar in Wednesday's early trade    Oil to end 2025 with sharp losses    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt to cover private healthcare costs under universal insurance scheme, says PM at New Giza University Hospital opening    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



DiCaprio, Christie's raise $32 mln at auction for environmental causes
Published in Ahram Online on 14 - 05 - 2013

'Bid as if the fate of the planet depended on us,' Leonardo DiCaprio told the audience at an art auction he co-organised with Christie's to help protect the remaining wild places on Earth and endangered species
Actor Leonardo DiCaprio and Christie's auction house raised nearly $32 million for environmental causes on Monday at a charity art auction.
DiCaprio, the star of the new film "The Great Gatsby," organized the so-called The 11th Hour Auction along with his foundation and Christie's to protect the last wild places on Earth and their endangered species.
The 33 works of art, many of which were created for and donated to the auction by the artists, sold for $31.74 million in spirited bidding in a packed auction house. Art collectors from around the globe also placed bids by telephone.
"All I can say is thank you, thank you, thank you," DiCaprio told the audience at the end of the auction, which raised more than double the pre-sale estimate.
In addition to the sale, which set records for 13 artists including Carol Bove, Joe Bradley, Mark Grotjahn, Raymond Pettibon and Mark Ryden among others, a $5 million matching donation for three of the lots and $1.15 million in other donations raised the overall total to nearly $38 million.
At the opening of the auction, DiCaprio, who has supported environmental issues through his foundation since 1988 and also produced and narrated the 2007 documentary "The 11th Hour" about the state of the environment, urged the audience to dig deep into their pockets.
"Bid as if the fate of the planet depended on us," he said.
And they did. All of the 33 works were sold and many fetched prices that were three or four times their pre-sale estimates.
The top lot of the sale was an oil on cardboard mounted on canvas by Mark Grotjahn called "Untitled (Standard Lotus No. II, Bird of Paradise, Tiger Mouth Face 44.01)," which sold for $6.2 million as two determined bidders pushed up the price.
Zeng Fanzhi's "The Tiger," an oil on canvas, fetched nearly double its high estimate with a price of $4.8 million, and Bharti Kher's sculpture "The Skin Speaks a Language Not Its Own," went for $1.7 million.
Each of the three works had a pre-sale estimate of $1.5 million to $2.5 million.
DiCaprio donated "Ocean V" by Andreas Gursky, which sold for $600,000, and he bought an acrylic on canvas by Takashi Murakami for $700,000.
A portrait of DiCaprio painted by Elizabeth Peyton sold for $1 million.
Loic Gouzer, international specialist at Christie's and the head of the sale, said many of the works were of a quality never seen at auction before.
A panel of environmental experts and the Leonardo DiCaprio Foundation will decide which conservation projects will benefit from the proceeds of the sale.
Gouzer said he and DiCaprio had approached the artists and explained what they had hoped to accomplish with the auction, which they have been planning for a year.
"We explained that we wanted great works and they were very reactive because of the cause. The artists are very sensitive to the fact that we are destroying our planet," Gouzer said in an interview ahead of the sale.
http://english.ahram.org.eg/News/71437.aspx


Clic here to read the story from its source.