Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

June 6, 2025

Pussy Riot co-founder starts Los Angeles prison performance with existential scream

June 6, 2025

Early J.M.W. Turner Oil Painting to Sell for £300,000

June 6, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Antony Gormley and Anish Kapoor back $5 million bid to keep Barbara Hepworth work in U.K.

News RoomBy News RoomJune 5, 2025
Share
Facebook Twitter LinkedIn Pinterest Email

A £3.8 million ($5 million) appeal has been launched to prevent a rare Barbara Hepworth sculpture from leaving the United Kingdom after it was sold to a private collector at auction in 2024. The campaign, supported by the national charity Art Fund, aims to acquire Sculpture with Colour (Oval Form) Pale Blue and Red (1943) for permanent public display at the Hepworth Wakefield in West Yorkshire, England—the artist’s hometown. Artists and cultural leaders including Jonathan Anderson, Antony Gormley, Anish Kapoor, Rachel Whiteread, and Katy Hessel have pledged their support.

Before last year, Sculpture with Colour (Oval Form) Pale Blue and Red had been in a private collection since its creation. The plaster prototype for the work was destroyed, making it the only surviving version of the work. Last March, the sculpture was sold at Christie’s London for £3.54 million ($4.44 million). In December, the British government placed the work under a temporary export bar, preventing its sale outside the U.K. to allow time for a regional institution to raise the funds needed for its acquisition.

The Art Fund has already pledged £750,000 ($1.07 million) toward the campaign, alongside early commitments from some private donors and charitable organizations. However, the effort requires £2.9 million ($3.93 million) of additional funding by August 27th to prevent the sculpture from being acquired and taken overseas by the Christie’s buyer.

“Barbara Hepworth’s Sculpture with Colour (Oval Form) Pale Blue and Red must be saved for the nation,” Kapoor said in a statement. “Art Fund has put up a quarter of the value of this important sculpture in an extraordinary bid to keep this work in a public collection and accessible to all.”

The 1943 sculpture is a rare example of Hepworth’s wooden carvings made in the 1940s. It comprises a white, egg-like form with multi-colored strings pulled across a pale blue interior void, representing an early exploration of form, space, and color in Hepworth’s practice. It is also one of the first wooden sculptures the artist made using strings—and the only known example incorporating strings in multiple colors. Currently, the Hepworth Wakefield does not own any of the artist’s finished works from the ’40s.

“This rare and significant sculpture should be on public display in the U.K. now and for generations to come,” said Jenny Waldman, director of Art Fund. “Every museum should have the power to secure landmark works of art, but in today’s challenging funding climate, they simply cannot compete with the prices demanded on the open market.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Pussy Riot co-founder starts Los Angeles prison performance with existential scream

Early J.M.W. Turner Oil Painting to Sell for £300,000

Liverpool Biennial 2025 digs deep into its city’s foundations with ‘Bedrock’ theme

Early Turner painting rediscovered after 150 years, to go on sale at Sotheby’s.

Artists Accuse Dealer Reco Sturgis of Withholding Payments and Artworks

Leader of Toronto’s Royal Ontario Museum to depart after a decade at the helm

Comment | US digital age verification laws are threatening artists’ freedom of expression

Klaus Biesenbach Says America Has ‘Political Correctness’ Issue

Former Hepworth Wakefield director appointed chief executive of London’s Royal Academy

Recent Posts
  • Trailbreaker Resources Announces Exchange Approval Of COHO Property Option
  • Pussy Riot co-founder starts Los Angeles prison performance with existential scream
  • Early J.M.W. Turner Oil Painting to Sell for £300,000
  • Liverpool Biennial 2025 digs deep into its city’s foundations with ‘Bedrock’ theme
  • Turning uncertainty into opportunity in fixed income

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Pussy Riot co-founder starts Los Angeles prison performance with existential scream

June 6, 2025

Early J.M.W. Turner Oil Painting to Sell for £300,000

June 6, 2025

Liverpool Biennial 2025 digs deep into its city’s foundations with ‘Bedrock’ theme

June 6, 2025

Turning uncertainty into opportunity in fixed income

June 6, 2025

How AI is Poised to Rewire the Foundations of Medicine

June 6, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.