Painters

Mark Grotjahn Net Worth

Mark Grotjahn Net Worth, Height, Weight, Age, Biography, Wikipedia,Wife, and More..





Mark Grotjahn Net Worth Mark Grotjahn  is an American painter best known for abstract work and bold geometric paintings. Grotjahn lives and he was a buch works in Los Angeles

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Mark Grotjahn Net Worth

10 Million USD

 

Full NameMark Grotjahn
Date of Birth1968
GenderMale
CategoryPainters
CountryUnited States of America
Net Worth10 Million Dollars
Last Updated

 

Mark Grotjahn Net Worth

 

How much is Mark Grotjahn Net Worth?

 

Mark Grotjahn is an American Painter who has a total assets of 10 Million Dollars

 

Who is Mark Grotjahn?

 

Mark Grotjahn  is an American painter best known for abstract work and bold geometric paintings. Grotjahn lives and he was a buch works in Los Angeles

 

Early life

 

Grotjahn was brought into the world in Pasadena, however experienced childhood in the Bay Area.[1] His dad Michael, a therapist, had emigrated from Berlin, Germany in 1936. Grotjahn got his MFA from the University of California, Berkeley, and his BFA from the University of Colorado at Boulder. In 1995, he was a craftsman in-home at the Skowhegan School of Painting and Sculpture in Madison, Maine. At the point when he moved to Los Angeles in 1996, he opened an exhibition called Room 702 in Hollywood with his colleague Brent Petersen and began appearing and working with other artists.

Despite an encouragement to move into the 6150 complex on Wilshire Boulevard—which previously housed other prestigious galleries[5]—Room 702 shut after under two years, and Grotjahn turned into a full-time craftsman.

 

Work

 

During the 1990s, Grotjahn started chipping away at a surge of thickly worked hued pencil drawings, trailed by oil canvases, which zeroed in on viewpoint examinations, for example, double and different disappearing points.

The manner in which Grotjahn paints outgrew theoretical sign making; he would steadfastly repeat particular designs and expressions from nearby retail facades in his local Los Angeles. He would then exchange these high quality duplicates to the storekeepers in return for the first signage.

 

Later Grotjahn started working with shaded pencils to create “point of view drawings” and afterward perspectival paintings. In his multi-hued drawings, Grotjahn’s functioning strategy is methodical and thorough yet additionally considers instinct and possibility. He initially starts by delineating the three-sided radii in dark pencil.

 

For each work in this arrangement of drawings, Grotjahn at that point saves the necessary number of shading pencils, picking colors that “hold together” in worth and force. Having laid them close to him, he picks one pencil indiscriminately and utilizes it to shading in a solitary, pre-portioned wing section.

 

Since 1997, Grotjahn has been investigating the brilliant theme in his compositions and drawings. This supported examination is shown in his Butterfly series Here, he draws on Renaissance perspectival strategies for the constructions and subjects of his different evaporating point butterfly designs to make the figment that his calculations stretch, therapist, approach, and recede.

While they show up from the start to be unbendingly formal and graphic, the Butterfly Paintings basically comprise of an emanating succession of equal lines are executed in thick oil so that a figment of viewpoint is produced by the painting’s butterfly form. The flat and vertical lines are infrequently, if at any point, even or opposite to the edges of the canvas.

 

Grotjahn quit painting the Butterfly works in 2008, in the wake of tearing his rotator sleeve and breaking a shoulder bone subsequent to hitting an ice patch[16] in a ski accident. As he was unable to paint for over two hours all at once, he found less escalated methods of painting.

A progression of huge, vertical Face Paintings depends on the basic mathematical construction of eyes, nose, and mouth. Using sheets of cardboard that are prepared and mounted on material as the ground, Grotjahn utilizes brush and range blade to widely fabricate endless supply of oil paint to practically sculptural ends.

 

 

Grotjahn’s veil models broaden the craftsman’s particular interest simultaneously and custom of painting into three dimensions. Cast in bronze from unconstrained cardboard arrays and frequently painted with the fingers, a large portion of them lay on platforms, while a couple are divider mounted, alluding straightforwardly to painting.

 

Grotjahn keeps a studio in Little Armenia, Los Angeles. In 2011/12, he was Visiting Scholar at the California College of the Arts, San Francisco. In 2014, he joined the leading body of the Museum of Contemporary Art, Los Angeles as a craftsman trustee

 

Art market

 

Grotjahn had his first solo shows with Blum & Poe in 1998 and 2000, selling only one artwork from the second show. Demand for Grotjahn’s works has climbed steadily in recent years, with prices now typically reaching $500,000 to $800,000.

In 2010, Grotjahn’s oil on linen painting Untitled (Lavender Butterfly Jacaranda over Green) (2004) was sold for $1,5 million against its presale estimate of $500–700,000 at Christie’s New York. At Sotheby’s New York in May 2015, one bidder paid $6.5 million for Grotjahn’s abstracted face painting, Untitled (Into and Behind the Green Eyes of the Tiger Monkey Face 43.18) (2011), against a high estimate of $3 million.

On May 17, 2017 a new price record was set for a Grotjahn work at auction when “Untitled (S III Released to France Face 43.14)” was sold for $16.8 million dollars .

 

Grotjahn is represented by Anton Kern Gallery in New York, Gagosian Gallery in London, Blum and Poe Gallery in Los Angeles, Shane Campbell Gallery in Chicago and Kaikai Kiki Gallery in Tokyo.

 

Controversy on royalties

 

In 2011, Grotjahn sued MOCA trustee Dean Valentine, one of his earliest collectors, to recover a 5% royalty for three artworks that Valentine resold. The biggest sale in dispute took place in 2008 at Phillips de Pury & Company in New York, when Valentine sold Untitled (Blue Face Grotjahn) (2005) for $1,217,000, including premium.

 

ByGrotjahn’s estimation, Valentine had made $3 million by selling the three artworks. After more than a year of court filings and court-ordered mediation, both parties settled the dispute in 2012 over the payment of the resale royalty specified by the California Resale Royalty Act. Valentine agreed to pay Grotjahn $153,255; this figure includes the 5% resale royalty (plus interest) on one painting and one drawing that the collector had bought and resold, amounting to $68,255, plus $85,000 toward Grotjahn’s legal fees.

 

Aditional Contents

 

What is Net Worth ?

 

Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities.

 

What is Assets ?

 

In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything that can be utilized to produce value and that is held by an economic entity and that could produce positive economic value.

 

What is liabilities ?

 

In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.

 

A liability is defined by the following characteristics:

 

Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time;

 

A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand;

 

A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and,

A transaction or event obligating the entity that has already occurred

 

Liabilities in financial accounting need not be legally enforceable; but can be based on equitable obligations or constructive obligations.

 

An equitable obligation is a duty based on ethical or moral considerations. A constructive obligation is an obligation that is implied by a set of circumstances in a particular situation, as opposed to a contractually based obligation.

 

 

Mark Grotjahn Net Worth

 

Full NameMark Grotjahn
Date of Birth1968
GenderMale
CategoryPainters
CountryUnited States of America
Net Worth10 Million Dollars
Last Updated

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