There are only so many ways to cut expenses and generate income before the sale of assets has to be considered as a means of survival. In dire fiscal straits, the club has authorized the sale of its art collection's "jewel" but hopes it won't come to that. He is not edgy, avant-garde, or dangerous, but he is timeless! Tunney confirmed some of the works have already been courted by auction houses for sale. Seventeen years ago, the ULCC inducted Marshall as a Distinguished Artist. The work’s inclusion in the Monet showcase at the Art Institute of Chicago could increase the work’s value if it comes up for auction. Finish the job, Democrats. The historic private social club, a 501(c)(7) tax exempt organization, has already made moves to deal with financial fallout from the pandemic. A ‘healthy’ doctor died two weeks after getting a COVID-19 vaccine; CDC is investigating why, FBI warns of plans for armed protests at all 50 state capitals next week, Coronavirus in Illinois updates: 4,776 new confirmed and probable COVID-19 cases and 53 additional deaths reported as CPS schools reopen today after 10 months, Capitol attack far more sinister than it initially appeared: ‘The direction was to go get people,’ Nancy Pelosi says. Union League Club of Chicago General Manager Mark Tunney joins John Williams to talk about the art donned by the walls of the historical private club. Submit a letter, of no more than 400 words, to the editor here or email letters@chicagotribune.com. The organization has cut around 75 percent of its full-time staff, from 275 to 67 employees, and issued 10–20 percent salary cuts for management figures and raised $520,000 in member donations. Dr. Metzler serves as the point of contact for the art with auction houses upon selection for sale. Monet and Chicago From September 5, 2020 through January 18, 2021 The Art Institute of Chicago. The Union League Boys and Girls Club has been in existence for almost 100 years and has done a lot of good for the community through its philanthropy. and pieces are often lent to museums. J.B. Pritzker’s latest order, meetings and other events have been suspended, along with indoor dining. In an email, President Nancy A. Ross told members that its large fixed costs “are normally paid from guest rooms, food & beverages sales, and large events revenues. Show up. Claude Monet Chicago’s Union League Club Board Approves Sale of Prized Monet, Other Works artnews.com - Angelica Villa The Union League Club, home to one of the most significant private art collections in the American Midwest, is reportedly planning to liquidate a … Sally Metzler, the club’s art director, served as a member of a task force overseeing the deaccessioning, according to the Chicago Tribune. Sign up here. Get our latest stories in the feed of your favorite networks. The pandemic has eliminated these revenue streams.”. Send us a tip using our anonymous form. Five Experts Discuss Monet's Most Beguiling Paintings. Coronavirus in Illinois updates: 4,776 new COVID-19 cases and 53 more deaths reported as Gov. the board of the Union League Club, so there is this kind of synergy between these two important cultural institutions in Chicago. Claude Monet, Pommiers en fleurs, 1872. Grant didn’t get the nomination, but the Union League Club of Chicago still welcomes presidents and explores public policy. The collection has historically been available for public view. Union League Club votes to sell its prized Monet painting to cover pandemic losses The story of Claude Monet’s “Apple Trees in Blossom” and Chicago is lengthy, important and now — with the Union League Club’s determination to sell its most useful artwork work … Losing members and burning through cash during a punishing pandemic, the club has decided to sell one of its most prized assets: an 1872 painting by the French Impressionist Claude Monet that it bought in 1895. Purchased for $500, “Apple Trees in Blossom” could sell for tens of millions of dollars. The art collection of the Union League Club Chicago represents the commitment to culture for more than a century. Vaccinated. Collections People Favorites People Favorites A Jim Nutt painting titled Look This Way (1977) from the club’s holdings, purchased in 2005 by the Union League Club Art Committee, has already been sold. The Union League Club-owned "Apple Trees in Blossom" at the "Monet in Chicago" exhibit at the Art Institute of Chicago on Sept. 10, 2020. The Union League Club of Chicago, founded in 1879 to serve mostly civic and business leaders, amassed an art collection worth boasting of over … Brad Biggs’ 10 thoughts after the 21-9 playoff loss to the New Orleans Saints. Displayed on nearly every floor and room throughout the Club, it enhances the beautiful Beaux-Art Building erected in 1926 and lends it the feel of a museum. Founded in 1879, the Union League Club of Chicago (the Club) traces its roots to the earlier Union League of America.. Perhaps a generous donor will swoop in to save the painting. The profit would be roughly the size the Louvre. The Monet landscape is considered the gem of the Union League Club’s collection, which comprises more than 700 works by the likes of Donald Judd, Andy Warhol, Jasper Johns, Kerry James Marshall, and Angel Otero, as well as Chicago artists Ed Paschke, William Conger, and Dawoud Bey. But financial reality cannot be denied. Get our latest editorials, commentaries and columns delivered twice a week in our Fighting Words newsletter. The leading source of art coverage since 1902. She will be tasked with finding “the best opportunity for the best prices available,” said Tunney. Editorial: Get. The sale would not mark the first time the Union Club has deaccessioned art in recent years. Union League Club on selling a Monet to recover funds lost during the pandemic Club member Judge John Barton Payne acquired the work and later sold it to the Union League for $500. Courtney Key was found dead on Christmas, shot in the head and dragged by a car. Dr. Martens Unveils New Collaboration with Keith Haring Estate, 14th-Century Painting to Sell at Auction Under Restitution Settlement with German-Jewish Art Historian’s Heir, Following $12 M. Pollock Sale, Everson Museum Acquires Contemporary Works by Shinique Smith, Ellen Lesperance, More, Tarsila do Amaral Work at Center of Legal Dispute Sells for Record Price in Brazil, 14th-Century Painting to Sell at Auction Under Restitution Settlement with German-Jewish Art Historian's Heir, Five Experts Discuss Monet's Most Beguiling Paintings. Editorial: The exit sign for Mike Madigan is lit. Editorials reflect the opinion of the Chicago Tribune Editorial Board. But for a city that has a long, proud association with the artist, the sale would be a “great tragedy,” Northwestern University art historian Alicia Catichatold the Tribune’s culture writer. 144 pages, 25 dollars. The Union League normally hosts public tours of its extensive collection, which includes a work by Claude Monet valued in the millions, but… The first group comprises five or six works, one of which was pulled out last-minute. In 2015, at Christie’s, the club sold a Félix Ziem landscape for $62,500 to benefit its acquisition fund. 14th-Century Painting to Sell at Auction Under Restitution Settlement with German-Jewish Art Historian's Heir Pritzker says some areas can move to next phase of vaccine plan. With 2020 drawing to a close (and none too soon), I want to personally thank you the members for your great support this year and especially over the last 9 months. Nine of them are now part of the Art Institute of Chicago’s distinguished Impressionist collection. Losing $400,000 a month, it has slashed staff, cut managerial salaries and persuaded members to contribute $520,000 to help weather the storm. Today, its market value is estimated to be between $5 million and $15 million. In the week since the website Politico first reported … The Union League Club is also trying to sell a building next to the main building. In 1903, the A.I.C. The art collection of the Union League Club Chicago represents the Club’s commitment to culture for over a century. Us. Displayed on nearly every floor and room throughout the Club, it enhances the beautiful Beaux-Art Building erected in 1926. Top ranked private social club for professionals, wine enthusiasts, art lovers, digital nomads, wellness seekers & culinary experiences. Copyright © 2021 Penske Business Media, LLC. It’s also home to a massive art collection that includes a Monet and a passel of Paschkes. What’s the holdup? But Ross expects that “the financial operations of the Club may not fully return to pre-pandemic levels until late 2023 or 2024.” The effects of the virus and the resulting economic slump leave few good options. 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