Monthly archive

April 2003 Market Intelligence

10 headlines

10 headlines

Search and filter

Source-linked reporting

Headlines

10 headlines
Fine art

Holocaust art theft suit advances as 9th Circuit declines to reconsider

latimes.com

Los Angeles Times reports that the 9th Circuit Court of Appeals denied Austria’s petition to reconsider the ruling allowing Maria Altmann to sue for recovery of six Gustav Klimt paintings looted by the Nazis. The decision upheld Altmann’s right to pursue the claim in U.S. courts, with potential further action by Austria and the U.S. government weighing in on precedent.

Fine art

US sues Larry Gagosian seeking back income taxes on art sales

theartnewspaper.com

The article reports that on 19 March 2003 the US filed a civil lawsuit against dealer Lawrence Gagosian, Gagosian Gallery, and others to recover $26.5 million in federal income taxes alleged to be past due from a shell company used to buy and sell art. It details a $32 million purchase of 62 contemporary paintings from Richard L. Weisman, their sale of 58 paintings for $20 million to Thomas Ammann Fine Art, and subsequent asset transfers from the shell company Contemporary Art Holding Corporation (CAHC). The defendants allegedly acted as alter egos and could be personally liable for CAHC’s tax obligations; the Gagosian Gallery disputed the title to three works.

Fine art

Lawyer takes on looted art, Austria

jewishjournal.com

Tom Tugend writes about E. Randol Schoenberg, who represents Maria V. Altman in a case over six Klimt paintings looted by the Nazis, including Adele Bloch-Bauer, with the Austrian government contesting the claim; the article notes the broader scope of Nazi art theft and potential U.S. Supreme Court involvement

Fine art

Still life with kippers, oysters and smokers’ accessories by Floris van Schooten Restitutiecommissie

restitutiecommissie.nl

The page concerns the NK 1644 restitution recommendation for the work Still life with kippers, oysters and smokers’ accessories by Floris van Schooten. It notes the report number RC 1.8, advice type NK collection, period of loss 1940-1945, original owner Private individual, location of loss The Netherlands, and mentions related archival research and policy considerations by the Restitutions Committee.

An auction of Isaac Stern items in Los Angeles Times notes auction by Tarisio Auctions

latimes.com

The Los Angeles Times reports that about 200 items from the late Isaac Stern's personal collection will be auctioned May 1-8 by Tarisio Auctions, including a circa-1850 J.B. Villaume violin, copies of Stern’s Del Gesu by Sam Zygmuntowicz, around 30 bows including ones for Eugène Ysaÿe, a rosewood bow case given to Justice Abe Fortas, an Art Deco cigar humidor, and Stern’s Hamburg Steinway grand piano model C. The online auction will also feature about 200 additional lots from related interests, such as a Stradivarius violin from 1687 estimated at $900,000 to $1.2 million. The Web catalog is at www.tarisio.com and a color catalog is available for $40 by calling (800) 814-4188.

Young musicians tune up for competition

kentonline.co.uk

The article covers the finalists for the Maidstone and Mid-Kent Young Musician of the Year Competition, announced for the sixth year. It lists nine young musicians under 19 with grade seven or higher, and mentions the venue (Corn Exchange, Maidstone) and date (May 20), along with past winner Viola Wilmsen and the judges.

Fine art

Painting looted by Nazis up for auction

theintelligencer.com

The painting is a landscape by Egon Schiele, titled Krumauer Landschaft (Stadt und Fluss) or View of Krumau, looted from Jewish owners and up for auction with an estimated price of $12.5 million; it was restituted to the heirs of Wilhelm and Daisy Hellmann after spending decades in a Linz museum.

Fine art

La Fundación Gala-Salvador Dalí compra un cuadro de 1940

elpais.com

La Fundación Gala-Salvador Dalí compra un cuadro de 1940, Tres mujeres imitando los movimientos de un velero, pintado por Dalí en 1940, en Nueva York; la obra fue adquirida en Sotheby’s por 705.256 euros y forma parte de la colección de Robert C. Guccione, con historia previa en varias colecciones, y pertenece a la tradición mediterránea del pintor.

Fine art

Renoir auction scratches 10-year itch

nypost.com

The article discusses Sotheby’s planned sale of Pierre-Auguste Renoir’s 1882 painting Dans Les Roses (Portrait de Madame Leon Clapisson) for an expected $20 million to $30 million, from the Fifth Avenue estate of Huguette Clark. It notes the work had not been seen in public for years and contrasts it with the replacement portrait now hung in the Art Institute of Chicago.

Market Intelligence

Continue exploring the archive.

Search sourced headlines by artist, maker, category, date, or market context.

View All Headlines