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November 2003 Market Intelligence

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Fine art

El Prado adquiere el barbero del Papa de Velázquez para completar todas las etapas del pintor

elpais.com

El Prado incorpora el cuadro El barbero del Papa, de Velázquez, pintado en 1650 durante su segundo viaje a Italia, comprado por 23 millones de euros. Con esta adquisición, el museo suma obras representativas de todas las etapas del pintor, dejando 47 de las 120 obras de Velázquez en su colección; el barbero del Papa quedará en la sala 14 de momento, tras análisis técnicos y restauración.

Fine art

Damien Hirst buys back his own work from Saatchi and others

nytimes.com

Damien Hirst is described as purchasing back a substantial portion of his early works from Charles Saatchi, with Jay Jopling (White Cube galleries) involved in the deal estimated at around $15 million for about 12 pieces. The article notes how owning early works could influence Hirst’s control over his market and mentions past prices and Hirst’s status as a Young British Artist.

Lawrence University violinist wins state strings competition

lux.lawrence.edu

Lawrence University violinist Claude Halter won the senior division of the 2003 Wisconsin American String Teachers Association competition on November 8 at the University of Wisconsin. Halter, a junior from Vincennes, France, studied with Stephane Tran Ngoc and performed Sibelius’s Violin Concerto and Tchaikovsky’s Waltz-Scherzo, earning $100 first prize and qualifying for ASTA's national semifinals.

Fine art

Riopelle children halt auction of dad's art

cbc.ca

Jean-Paul Riopelle's children obtained a temporary injunction from Quebec Superior Court to halt the auction of Riopelle's paintings and sculptures, delaying the sale at the Ritz Carleton in Montreal. The injunction was granted by Justice Nicole Benard and concerns Riopelle's estate, with his wife and executors involved; the auction was planned for Wednesday night and aims to cover debts exceeding $14.5 million.

Skrypka Stradivari byla prodana s aukciooni Sotbis v Londone za 1,28 milyonov dollarov

fakty.ua

The article reports that a Stradivari violin dating from 1716 was sold at Sotheby’s in London for over 1.28 million dollars by an unknown collector. It also mentions a cello by the same Italian master from 1736 that did not find a buyer and was withdrawn from London auctions; overall, about 650 Stradivarius violins exist, with a record price of 1.59 million dollars for one violin.

VENDITE all'asta da record per un quadro del Tiziano e un violino Stradivari

iltempo.it

The article reports Italian auction results from November 12, 2003. It notes a Tiziano painting, Santa Maria Maddalena penitente, sold for 750 euros at auction, described as a national record, with private collectors competing. It also states a Stradivari violin sold at Sotheby’s in London for 767,000 pounds, with historical context about Stradivari violins and a record 947,000 pounds achieved three years earlier in London.

Fine art

The Riopelle fire sale

theglobeandmail.com

The article discusses Jean-Paul Riopelle, his dramatic painting style, and biographical highlights from his early career to his death in 2002, including references to his time in Paris, his influence on Canadian art, and the impact anticipated from Riopelle estate executors. The piece mentions Riopelle’s sisters Sylvie and Yseult.

Fine art

Henry Moore sculpture fetches record-breaking £3.9m at New York sale

independent.co.uk

Henry Moore sculpture, Three Piece Reclining Figure: Draped, sold at Christie's Rockefeller Center in New York for about £3.9m, setting a world record for British sculpture; pre-sale estimate was £3.1m. The work was conceived in 1975 and has a history with the Henry Moore Foundation and Luxembourg courts of justice before a private buyer acquired it in 1997.

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