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May 2004 Market Intelligence

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Fine art

Donated Native American inspired art to be featured in Burke auction

washington.edu

The UW Burke Museum will auction more than 200 Native American–inspired works donated by about 70 Northwest artists, including Bill Holm, Hyacinth Joe David, Steve Brown, David Boxley and Susan Point. Proceeds will benefit the Bill Holm Center for the Study of Northwest Art.

Stradivarius found in rubbish bin

irishexaminer.com

The 320-year-old Stradivari cello, valued at about €3 million, was found in a rubbish-bin by Melanie Stevens and later returned to the Los Angeles Philharmonic Association. The instrument, made in 1684 by Antonio Stradivari, had been stolen earlier and was photographed being stolen on CCTV. The philharmonic association had acquired it about thirty years ago, and detectives were still seeking the thief.

Stradivarius cello recovered after being found near a trash bin

cbsnews.com

The 1684 Stradivari cello, valued at about $3.5 million, was found by a nurse near a trash bin and later returned to the Los Angeles Philharmonic Association. The instrument, one of roughly 60 Stradivari cellos, was reportedly almost turned into a CD holder before authorities recovered it; detectives are still seeking the thief and a $50,000 reward may be awarded.

In the United States a Stradivari cello previously reported missing has been found

lenta.ru

The Stradivari cello (made in 1684) owned by the Los Angeles Philharmonic Association, valued at $3.5 million, was stolen from conductor Peter Stumpf and reportedly found over the weekend according to police. The instrument was crafted by Antonio Stradivari (1644-1736) and one of only about 60 known Stradivari cellos. A reward of $50,000 was offered for return, but no arrests have been made.

Похищенная виолончель Страдивари найдена на свалке в Лос-Анджелесе

palm.newsru.com

The Stradivari cello stolen in late April, valued at 3.5 million dollars, was found on a Los Angeles trash dump. Melani Stevens reported the instrument to police after considering repair or repurposing, and praised for returning it. The cello, made in Cremona in 1684, is one of 60 famous instruments by Antonio Stradivari.

Pохищенная виолончель Страдивари найдена на свалке в Лос-Анджелесе

classic.newsru.com

The Stradivarius cello stolen in late April, valued at 3.5 million dollars, was found abandoned at a Los Angeles trash dump. Melani Stevens reported the instrument to a friend for repair or as a disk stand but ultimately handed it to the police. The instrument was made by Antonio Stradivari in Cremona in 1684 and is one of about 60 famous Stradivari cellos.

Stradivarius found three days after theft, police say

latimes.com

Times Staff Writers report that a $3.5-million Stradivarius cello stolen from a cellist’s home was found by a woman three days later near a Silver Lake dumpster, police said. The instrument known as the General Kyd was recovered after a lawyer connected with the 29-year-old woman turned the cello over to detectives.

Fine art

Art auction tops $100 million at Christie’s New York, setting records for nine artists

latimes.com

The Los Angeles Times reports a $102.1 million postwar and contemporary art sale at Christie’s New York, the first to exceed $100 million. Highlights include Jackson Pollock’s 1949 drip painting at $11.6 million and Mark Rothko’s 1958 abstraction at $8.9 million, with Edward Ruscha’s 1964 painting “Damage” selling for $3.5 million. A quirky piece, “Jim Beam J.B. Turner Train,” sold for $5.4 million.

Fine art

Pollock painting sells for record $11.65 million

washingtonpost.com

Jackson Pollock, the artist, had a painting titled Number 12, 1949 sell for $11.65 million, a world auction record for the postwar American artist. The sale occurred at Christie’s as part of a postwar and contemporary art sale that totaled $102.11 million for the house.

Fine art

Record price for a Picasso adds to painting's mystery

sfgate.com

Pablo Picasso's 1905 painting Garcon a la pipe sold for $104 million at Sotheby's in New York, including a $93 million hammer price and about $11 million in commissions. The sale surpassed the previous record set by Van Gogh's Portrait of Dr. Gachet at $82.5 million.

Thief in Los Angeles carries off priceless cello, a Stradivarius

nytimes.com

The New York Times reports that a priceless 320-year-old Stradivarius cello belonging to the Los Angeles Philharmonic was stolen from the home of principal cellist Peter Stumpf in Los Feliz, Los Angeles. The instrument, valued at $3.5 million for insurance purposes, was made in Cremona by Antonio Stradivari in 1684 and is known as the General Kyd.

Fine art

Picassos remain strong after Sotheby’s record

abc.net.au

Picassos remain strong after Sotheby’s record. Pablo Picasso works discussed include a 1959 nude sold for $11,768,000 and The Rescue (1932) sold for $14,792,000, with Monet’s Water Lily Pond selling for $16,808,000; the 52-lot sale totaled $96,071,200 and Sotheby’s sale estimate was $99 million. The report notes a robust market with bidding from private collectors, dealers, and museums, and mentions the anonymous bidder who bought Picasso's Boy with a Pipe for $104,168,000, surpassing the previous record of $82.5 million for Dr Gachet.

Fine art

Picasso marks Sotheby's comeback

abcnews.com

The piece reports Pablo Picasso's Boy with a Pipe selling for more than $104 million at Sotheby's, the highest price for a single artwork at auction. It also references a 2000 settlement where Sotheby's and Christie's agreed to pay $512 million over alleged fixed commissions, and discusses Christopher Mason's book The Art of the Steal examining the scandal.

Fine art

Picasso painting sells for $104 million at Sotheby’s

cbsnews.com

Pablo Picasso's 1905 painting Boy with a Pipe sold for $104 million at Sotheby’s, including about $11 million in commission, setting a new auction record. The previous record was Vincent van Gogh’s Portrait of Doctor Gachet at $82.5 million in 1990 at Christie’s.

Fine art

Early Picasso sets record price

theglobeandmail.com

Simon Houpt reports that a rare Picasso canvas, Garçon à la Pipe, sold at Sotheby’s New York for $104,168,000 (about $143,000,000 CAD) setting a new auction record for a Picasso and surpassing the previous record for a Van Gogh; the work is from Picasso’s Rose period and was part of the Greentree Foundation sale.

Fine art

Modern Art Does Well As Auction Season Opens

nytimes.com

Carol Vogel reported that Christie’s Rockefeller Center sale of Impressionist and modern art drew bidding but many works failed to sell; the auction totaled $56.6 million, below its $64.9 million low estimate, with records set for Giorgio de Chirico, Odilon Redon, and Tamara de Lempicka, and attention focused on six MoMA paintings as the institution prepares to open its expanded West 53rd Street home.

Fine art

Banking on big names - Los Angeles Times

latimes.com

Pablo Picasso's Boy With a Pipe, a Rose Period portrait, is expected to fetch about $70 million at Sotheby’s in New York, potentially surpassing Vincent van Gogh’s Portrait of Dr. Gachet sold for $82.5 million in 1990. The painting’s provenance from the estate of John Hay Whitney and Betsey Cushing Roosevelt Whitney is noted as adding value, with auction houses banking on the Picasso’s high quality and collector interest.

Fine art

From the archive | Can the new Vermeer make £20m?

theartnewspaper.com

The Art Newspaper reports that the newly authenticated Vermeer painting Young Woman Seated at the Virginals could sell for £10m to £20m, possibly more, at Sotheby’s in London on 8 July. The piece notes the painting’s small size, its rarity of authentication, and references the committee of experts, including Frits Duparc and members of the Rembrandt Research Project, involved in validating its authenticity.

Fine art

The 10 most expensive living artists

artnews.com

The article lists the ten most expensive living artists in alphabetical order: Lucian Freud, Jasper Johns, Jeff Koons, Brice Marden, Bruce Nauman, Robert Rauschenberg, Gerhard Richter, Richard Serra, Frank Stella, and Cy Twombly. It notes that all have single-work sales of $5 million or more, with Johns and Nauman highlighted for especially high prices and specific auction records cited.

Stolen Stradivarius almost ended up as CD holder, police say

sophont.blogspot.com

The 320-year-old Stradivarius cello stolen and later recovered by the Los Angeles Philharmonic was nearly converted into a CD holder by a nurse and her boyfriend. The instrument, valued at about $3.5 million, was found by the nurse near a trash bin and returned after surveillance identified the thief; detectives are continuing the investigation and a $50,000 reward may be awarded.

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