Heinz Berggruen sold his private art collection to the German Government at a signing ceremony with German Chancellor Gerhard Schröder. The collection features paintings by Picasso, Paul Klee, Henri Matisse, Vincent van Gogh and Paul Cezanne across multiple periods.
The article discusses Heinz Berggruen, a prominent art dealer, agreeing to sell a valuable 20th-century art collection to the German government for display in Berlin, including many Picassos. The sale would establish a Picasso museum in Berlin that rivals Paris’s Musée Picasso.
The article covers a concert by the Ensemble des Orchesters der Beethovenhalle at Villa Prieger in Bonn, highlighting Beethoven, Mozart, Spanish impressionism, and French lyricism. It mentions performances by Günter Vallery (flute), Thomas Ludes (bassoon), Andreas Frölich (piano), Wolfram Lehnert (violin), Ulrich Havenith (cello), and includes Piazzolla’s Oblivion tango as a finale.
Robert Noortman purchased a Rembrandt Portrait of a Lady at Christie’s in London for $29 million, a world-record sum. The painting, titled Portrait of a Lady and dated 1632, was part of the Baroness Batsheva de Rothschild collection and features a 62-year-old woman believed to be Aeltje Uylenburgh.
A private collector bidding by telephone paid a world record 2.9 million pounds (4.1 million dollars) for Salvador Dali's work My Naked Wife Watching Her Own Body, sold at Sotheby's London in a sale of surrealist art.
Gary Hume, Sam Taylor-Wood and Cecily Brown are discussed as leading artists in contemporary and post-war art auctions. The article notes that the contemporary and post-war sales exceeded low estimates with 27 new records and low buy-in rates, covering multiple houses including Phillips and Christie’s in New York and London. Damien Hirst's work is mentioned with an estimated price of $300,000–$400,000.
The Art Newspaper reports that the Tate has negotiated an insurance arrangement related to its £24 million Turners stolen in 1994, and has subsequently bought back legal title to two Turners, Shade and darkness and Light and colour, from insurers for £8 million; the Tate will use £7 million to buy the gallery’s storage freehold, leaving £16 million from the insurance pay-off for other purposes.