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August 2005 Market Intelligence

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Fine art

François Pinault abandons plans for Paris museum; Bernard Arnault hires Gehry for rival project

theartnewspaper.com

François Pinault abandons plans to build a contemporary museum in Paris and instead will show his collection in Palazzo Grassi, Venice. Bernard Arnault has hired Frank Gehry to design a new museum in Paris. The article mentions Arnault’s plan in the Jardin d’acclimatation, the proposed building details, and the involvement of artists and collectors in related developments.

Fine art

Accord reached in Nazi loot case

artnews.com

ARTnews reports that Chicago philanthropist Marilynn Alsdorf agreed to pay Thomas Bennigson $6.5 million to settle lawsuits over Pablo Picasso’s 1922 Femme en blanc (Woman in White), which was confiscated by the Nazis in Paris and later sold by an art dealer in New York.

Moscow to Beijing international train seizure of a century-old violin

epochtimes.com

The Epoch Times reports that on August 1 at the Russia–China border near Baikal, customs seized a century-old violin being illegally transported by a Chinese student. The instrument, found on the Moscow–Beijing international train, is preliminarily identified as a 19th-century Italian-made violin dated to 1892. A Chinese female student from Yekaterinburg Conservatory and a Chinese male national were charged administratively for undeclared items, with possible criminal proceedings if the artifacts are confirmed as historical relics; the violin and coins have been sent to Irkutsk for appraisal.

Instrument stolen from violinist alan brind turns up at auction house

playbill.com

A 1760 Edward Lewis violin, allegedly stolen from violinist Alan Brind in 2004, has reemerged at Bonhams auction house after a dealer brought it in; Philip Scott, Bonhams’ head of musical instruments, initiated further research and the instrument was confirmed as stolen in an insurance database. Alan Brind, who won BBC Young Musician of the Year in 1986, is a freelance player with London orchestras.

Fine art

Deal reached for art with Nazi ties

latimes.com

The Los Angeles Times reports an out-of-court settlement in which Thomas Bennigson will receive $6.5 million from Marilynn Alsdorf for Picasso's Femme en blanc (Woman in White), a painting reportedly stolen by the Nazis. As part of a prior agreement contingent on the settlement, Bennigson will receive a lesser sum from art dealer Stephen Hahn equal to the profit Hahn realized on the sale, and there may be additional funds from David Tunkl related to plans to exhibit and sell the work in 2002.

Fine art

La familia Rivero elige Jerez como sede de su pinacoteca con obras de Goya y Zurbarán

elpais.com

La noticia describe que la familia Rivero, encabezada por Joaquín Rivero, elegirá Jerez como sede de su pinacoteca que reúne más de 300 cuadros, entre ellos obras de Goya, Valdés Leal y Zurbarán. Se discuten posibles sedes como las bodegas Tradición, el Palacio Riquelme y la bodega del Rincón Malillo, con planes de crear alrededor de 70 cuadros expuestos y una posible biblioteca de la pintura.

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