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January 2001 Market Intelligence

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Fine art

Yale investigates provenance of Courbet painting on loan to campus gallery

news.yale.edu

The Yale University Art Gallery is reviewing an ownership claim regarding Gustave Courbet's 1864 painting Le Grand Pont, on loan since 1981 from Dr. Herbert Schaefer. The claim, made by the son of the late Josephine Weinmann, asserts she purchased the work in the 1930s in Germany and never recovered it after leaving the country; the painting remains on display during the inquiry.

Fine art

Scotland sends drawings to America

upi.com

Scotland sends drawings to America. The article discusses how drawings have become valued for qualities such as lightness and line, and mentions the National Gallery of Scotland and an exhibition of drawings at New York's Frick Collection and Houston. It references Leonardo da Vinci and Georges Seurat among others in the draft collection.

В кельне похищена скрипка работы гварнери стоимостью более полумиллиона долларов

fakty.ua

The article reports the theft of a 17th-century Guarneri violin by Italian maker Giuseppe Guarneri from a prestigious music school in Cologne. The instrument, valued at over half a million dollars, belonged to a Swedish bank and was lent to a 22-year-old violinist. Police investigation noted the theft may have occurred during a rehearsal break, and insurance coverage is mentioned as being in the multimillion-dollar range.

Suomalainen arvoviulu varastettiin

hs.fi

The article reports that a Guarneri violin, owned by OKO's Art Foundation, worth about 1.5 million marks, was stolen in Cologne. It was taken during a break from orchestra rehearsals by violinist Laura Vikman, who had left her violin in the concert hall for about ten minutes.

Fine art

Stadt Bonn verkauft Baselitz-Bild

ga.de

Georg Baselitzs frühwerk Sandteichdamm (1974) wird von der Stadt Bonn verkauft und geht an die Kunststiftung der Sparkasse, um Schulden zu begleichen; der Preis beträgt 400 000 Mark. Das Bild bleibt als Leihgabe im Museum, da eine Dauerleihvereinbarung besteht.

Fine art

Gustav Rau fights Swiss control of £300 million private collection

The Art Newspaper

Collector Gustav Rau was contesting Swiss control of hundreds of European paintings valued at about £300 million. The collection was largely stored near Zurich, part was on loan in Paris, and Rau had made a will bequeathing the works to Unicef.

Fine art

In an attempt to cut costs, the online auctioneer artnet.com chooses to give up selling paintings

theartnewspaper.com

Stated by The Art Newspaper on 1 January 2001, the article discusses artnet’s decision to stop selling paintings online in favor of prints and photographs, citing cost-cutting measures and staff reductions. The piece notes earlier sales including Warhol, Chagall, and Lichtenstein, and mentions a Fontana canvas sold for $168,000 as a record for online art sales.

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