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February 2004 Market Intelligence

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Violinist adds special touch to repertoire

oklahoman.com

The article discusses violinist Robert McDuffie preparing for a performance with the Oklahoma City Philharmonic, noting his prized Ladenburg violin from a 1735 Guarneri del Gesu worth about $3.5 million and mentioning other famous instruments. It covers McDuffie’s planned program of Mozart’s Concerto No. 3 in G, K. 216 and Franz Lehar’s Hungarian Fantasy, with details on his approach to cadenzas and inspirations from other violinists.

Stolen violin found in Ottawa pawn shop

cbc.ca

The 1881 Vincenzo Gagliano violin and three bows, valued together at over $100,000, were stolen from arts centre violinist Edvard Skerjanc and later found in a local Ottawa pawn shop; a suspect was arrested after attempting to pawn or sell the instrument.

Fine art

Milan show for disputed Caravaggio

thetimes.com

The Sunday Times reports that The Taking of Christ will travel to Milan in October for display at the Museo Diocesano, with Italian owner Mario Bigetti lending an identical painting to be hung beside it to compare authenticity. Sir Denis Mahon and Maria Letizia Paoletti comment on the paintings’ authenticity, while Raymond Keaveney of the gallery and Sergio Benedetti discuss the opportunity to evaluate the two works side by side; Mahon also mentions an Rome exhibition planned for 2006.

Fine art

London’s National Gallery pays $41.5 million for the Madonna of the Pinks

antiquesandthearts.com

The National Gallery and the Duke of Northumberland announce a private treaty sale of Raphael’s Sixteenth Century painting known as The Madonna of the Pinks, with the National Gallery paying $41.5 million to keep the work in England; the work is an oil on fruitwood panel measuring 11.4 by 9 inches and depicts the Virgin with the infant Jesus amid pink flowers.

Fine art

Bellagio’s Monet show is a bonanza for Boston MFA

artforum.com

The article discusses a deal between Boston’s Museum of Fine Arts and Bellagio hotel in Las Vegas, which guarantees the MFA at least one million dollars for loaning twenty-one Monet paintings. It notes the exhibition Monet: Masterworks From the Museum of Fine Arts, Boston has attracted strong attendance since January 30, with eighteen thousand visitors in the first ten days and potential for revenue to exceed a million dollars by the show’s September end.

Fine art

National wins the battle for Raphael as Getty pulls out

independent.co.uk

Raphael’s Madonna of the Pinks was saved for the nation after the J Paul Getty Museum withdrew from its bid. Charles Saumarez Smith announced that the National Gallery purchased the work for £22m, helped by a donation from Christopher Ondaatje and with £11.5m from the Heritage Lottery Fund; Sotheby’s facilitated a private treaty sale after the Getty pullout.

Fine art

Gallery in the pink after tax deal on disputed Raphael

thetimes.com

The Times reports that the Inland Revenue agreed to a £13 million tax deduction when the National Gallery agreed to buy Raphael’s Madonna of the Pinks for £22 million after tax relief from a gross £35 million. The deal keeps the painting in Britain, despite doubts about its attribution, with the Duke of Northumberland originally planning a sale to the J Paul Getty Museum for £35 million. The douceur provision is intended to encourage pre-eminent works to stay in the UK through private treaty sales to public institutions.

Fine art

Faberge eggs on display in Russia

upi.com

Viktor Vekselberg, who recently bought a 200-piece collection of Faberge art, plans to publicly display the collection, which includes nine Easter eggs commissioned by Nicholas II. The exhibit will begin in Yekaterinburg and will travel to other Russian cities, with the Coronation Egg as its centerpiece.

Jacques Francais, 80, dies; dealer in string instruments

nytimes.com

The article discusses Jacques Francais, a dealer in classical string instruments in Manhattan, who died at 80 from complications of Parkinson's disease. It notes his expertise in authenticating Stradivarius instruments and his notable transactions, including a 1996 $4 million sale of Emanuel Feuermann's Stradivari cello.

Fine art

Old Russia's art retrieved with new Russian wealth

washingtonpost.com

The Washington Post reports that Victor Vekselberg acquired the Forbes collection of Faberge art objects, including nine imperial Easter eggs, from Malcolm S. Forbes. Sotheby's had estimated the collection at $90 million to $130 million, and the purchase was described as significant for Russia's cultural heritage and repatriation efforts.

Fine art

Fabergé collection bought by Russian for a return home

nytimes.com

The article reports that Victor Vekselberg purchased the entire Fabergé collection owned by Malcolm Forbes's family, including the nine imperial Easter eggs and about 180 other pieces, with the aim of returning them to Russia. Sotheby’s had planned to auction the items in New York, and estimates suggest the purchase price may have been around $100 million, though the exact amount was not disclosed.

Fine art

Faberge and Forbes

forbes.com

The Forbes family, publishers of Forbes, owned the largest private collection of Fabergé Imperial Easter Eggs and sold it privately to Victor Vekselberg. Pre-auction estimates for the collection were $80 million to $120 million, with Sotheby’s in New York previously planned to auction the eggs.

Fine art

Russian industrialist buys fabled Forbes Fabergé eggs

nytimes.com

Victor Vekselberg, chief operating officer of TNK-BP, buys the Forbes family Imperial Fabergé eggs collection, reportedly paying about $100 million; the deal includes nine imperial eggs and about 180 other Fabergé objects and is not disclosed by Sotheby's.

Musician brings valuable violin to concert Wednesday

dailyastorian.com

Adam LaMotte, a 29-year-old musician, will perform at the Liberty Theater in Astoria at 7 p.m. Wednesday. He covets a 1693 Rogeri violin, which he does not own but is borrowing for concerts, with a price tag of $470,000. The Oregonian reported plans to raise about $100,000 initially, with investors pledged for $90,000 and a target of $300,000 before making an offer if the fiddle remains available.

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