GDG- Cyclorama Painting

[mm14nysm at optonline.net]

the three NC Business men should try to get a major art museum like the metropolitain 
Museum of Art in NY to buy it, they would have to build a facility to show it off properly 
though. I bet they could to it and make back their investment.



----- Original Message -----
From: Christ Liebegott <jcl738 at comcast.net>
Date: Thursday, May 3, 2007 12:43 pm
Subject: GDG- Cyclorama Painting
To: GDG <gettysburg at arthes.com>

> Esteemed GDG Member Contributes:
> 
> 
> 
> The following is from the Associated Press as printed in the Centre 
> DailyTimes (State College, PA) on May 3, 2007.
> 
> 
> 
> 
> 
> 6-ton Gettysburg painting may fetch $10 million
> 
> 
> 3 N.C. businessmen buy work, plan resale
> 
> 
> By Martha Waggoner - The Associated Press
> 
> 
> RALEIGH, N.C. -- A towering 6-ton painting depicting the Battle of
> Gettysburg was sold recently in North Carolina after decades in 
> storage, and
> it could resell quickly for more than $10 million, according to the 
> agenthandling the transaction.
> 
> The cyclorama, which is 76 feet longer than a football field, is 
> meant to be
> displayed in a round room to give viewers the feeling they are at the
> battle. The painting depicts the bloodiest assault of the Civil War 
> for both
> the Union and the Confederacy.
> 
> "When I saw it, I just about died. I was almost enraptured into 
> it," said
> Larry D. Laster, a Winston-Salem fine arts dealer. "Everyone who 
> has seen it
> has said the same thing, that you're dragged into the painting. And 
> that'swhile it's lying on the ground."
> 
> Winston-Salem artist Joe King spent 30 years searching for the 
> cyclorama,which he found in 1965, behind the wall of a burned-out 
> Chicago warehouse.
> King was unable to find a home for the massive painting and willed 
> it to
> Wake Forest University when he died in 1996.
> 
> Laster said the painting was recently sold to three businessmen 
> from central
> North Carolina, but he declined to name them or disclose how much 
> they paid.
> Laster, who acted as the buyers' broker, said he expected the 
> cyclorama to
> resell in the eight-figure range -- meaning $10 million or more.
> 
> The businessmen prefer to sell to an institution with the ability to
> publicly display the painting -- which measures 376 feet long and 
> about 22
> feet high -- but they are considering other offers, Laster said.
> 
> "We already have a few people interested," he said. "I feel quite 
> confidentthat it will sell again very quickly."
> 
> Laster expects it to resell within six months despite the covenants 
> thatcome along with the purchase, including that it be conserved as 
> a single
> work and not broken into separate paintings.
> 
> The cyclorama is one of four created by French military artist 
> PhilippePhilippoteaux and a team of artists in the 1880s. Two are 
> thought to be
> lost, and the fourth has been on display at Gettysburg National 
> MilitaryPark but is being restored.
> 
> The painting recently sold in North Carolina, titled "The Battle of
> Gettysburg," is considered by art experts to be one of the most 
> unusualpieces of American art in history. It depicts the battle of 
> Gettysburg on
> July 3, 1863, the day of Pickett's Charge.
> 
> The work was originally displayed in Chicago in 1883. It was last 
> displayedin public in 1933, at the Century of Progress 
> International Exposition in
> Chicago.
> 
> After he bought the painting, King had the 14 rolls on which it had 
> beenstored unrolled on the Bowman Gray football field. The goal 
> posts had to be
> removed because the painting was 76 feet longer than the field.
> 
> 
> 
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