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October 2004 Market Intelligence

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Fine art

Mary Cassatt prints on sale for seven million dollars

today.com

Mary Cassatt prints on sale for $7 million describes a sale of 48 counterproofs of Cassatt portraits, printed as mirror images and dated 1905–1915, offered by Adelson Galleries in Manhattan for more than $7 million in total; the collection is on view November 1 to January 14.

Fine art

Freud's Kate Moss portrait set to sell for millions

vogue.co.uk

Lucian Freud's portrait of a pregnant and naked Kate Moss, titled Naked Portrait 2002, is expected to fetch at least £3.5 million at Christie’s auction. The work, created around 2001, sets a potential new record for Freud, with mentions of past records and the painting being auctioned on February 9, 2005.

Fine art

The FBI seizes disputed Picasso - Los Angeles Times

latimes.com

The FBI seized a circa-1922 painting titled Femme en Blanc (Woman in White) amid an ownership dispute in Chicago, where Marilyn Alsdorf resides. The work, believed stolen by the Nazis from the grandmother of Oakland-based heir Thomas Bennigson, had been shipped from Los Angeles to Alsdorf in 2002 after being exhibited by an art dealer there.

Fine art

Long-lost Picasso arrested in US

abc.net.au

Pablo Picasso’s long-lost painting Femme en Blanc (also known as Femme Assise) was seized in Chicago by US authorities as stolen property; the work, painted around 1922 and valued at about $10 million, was looted by the Nazis and had resurfaced in Los Angeles in 2001 before the seizure. The case involves its ownership history including Carlota Landsberg, Marilynn Alsdorf, and others connected to its provenance.

Fine art

National Briefing Midwest Illinois F.B.I. seizes Picasso linked to Nazi looting

nytimes.com

Pablo Picasso painting Woman in White, valued at about $10 million, was seized by the FBI from Chicago collector Marilynn Alsdorf in a restitution case tied to Nazi looting. The painting had been bought in 1975 from Stephen Hahn Gallery in Manhattan and is believed to have been stolen by the Nazis in the 1930s.

Fine art

Tate has to beg for gifts of new work from living artists

thetimes.com

The Times reports that Tate Britain and Tate Modern are appealing to prominent living artists such as Damien Hirst, Rachel Whiteread, and Chris Ofili to donate works due to reduced government funding and rising market prices. Sir Nicholas Serota notes funding cuts over 20 years while purchase funds have declined, prompting the 'Building the Tate Collection' scheme to secure significant works for the nation.

Fine art

Focus: Damien Hirst: the new Andy Warhol?

thetimes.com

Damien Hirst article about his transition in the pop art landscape; mentions sale of Pharmacy restaurant contents and items selling for high sums, including martini glasses decorated with the artist’s signature.

Fine art

Hidden in an envelope for decades, a new Old Master

independent.co.uk

The painting identified as The Baptism of Christ, attributed to El Greco (Domenikos Theotokopoulos), was found hidden in an envelope and is expected to fetch up to £600,000 at a London sale in December. The work’s origin traces to the early part of El Greco’s career, with connections to the Modena Triptych and tests in Madrid.

Fine art

Elizabeth Taylor named in art-restitution lawsuit

artforum.com

Elizabeth Taylor is named in a lawsuit over a Van Gogh painting. The heirs of Margarete Mauthner allege that Taylor’s 1963 Sotheby’s London purchase of View of the Asylum and Chapel at Saint-Remy was connected to Nazi-confiscated art, asserting the painting rightfully belongs to them.

Fine art

Wandering Room Finds a Home

nytimes.com

Rachel Whiteread’s sculpture "Ghost" is acquired by the National Gallery of Art in Washington, with plans to install it on Nov. 5 in the East Building, after being exhibited globally including MoMA in 1994; the purchase was funded by Mitchell P. Rales and approved by the National Gallery trustees, with estimates around $2 million.

Un amour de stradivarius – l express

lexpress.fr

Pierre Amoyal,one of the world’s leading violinists, recently moved to a large white apartment in Lausanne. The article discusses how he was robbed of his Stradivarius in a four-year ordeal and now recounts the thriller in his book Pour l’amour d’un stradivarius (Robert Laffont).

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