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February 2007 Market Intelligence

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Fine art

Picasso works stolen from granddaughter’s home

artforum.com

Two Picasso paintings, Maya a la poupee (1938) and Portrait de femme, Jacqueline (1961), were stolen from the home of Picasso’s granddaughter Diana Widmaier-Picasso in Paris; the theft involved signs of breaking and entering and totaled nearly sixty-six million dollars in value.

Fine art

$66 million in Picasso paintings stolen in Paris

nbcnews.com

Two Pablo Picasso paintings, a portrait of his daughter Maya and a portrait of his second wife Jacqueline, were stolen from Picasso’s granddaughter Diana Widmaier-Picasso in Paris. The two works are valued together at about $66 million.

Fine art

Monet, Degas sales may make history

latimes.com

Monet and Degas paintings were sold by Rohrer Fine Art to a California collector, with each piece selling for several million dollars, in what could be one of Laguna’s highest-priced art transactions. The gallery, opened in 2006, is co-owned by Jim Carona and Chip Tom and operates with a Palm Desert sister gallery, Heather James Art & Antiquities, listing artists such as Warhol, Rauschenberg, Tamayo, Zuniga, Toulouse-Lautrec, Picasso, van Gogh, Matisse, Renoir, Frida Kahlo and Lichtenstein in its network.

Fine art

Phillips Contemporary makes a strong showing at London sale

artnews.com

Phillips, de Pury & Company held a 92-lot contemporary art sale in a Bloomsbury ballroom, featuring 40 works from Kika Borghese’s Chinese collection. The auction realized £5.28 million ($10.4 million) with six Western records and notable prices for Zhang Xiaogang, Tang Zhigang, Mark Handforth, Keith Tyson, Michael Elmgreen & Ingar Dragset, Wim Delvoye, José María Cano, and Martin Kippenberger across participating galleries.

Fine art

Settlement would allow Fisk University to sell 2 paintings from its Stieglitz collection

eu.starnewsonline.com

Fisk University will be allowed under a settlement to sell two paintings from its Stieglitz collection if no donor can be found to keep them, with one painting to be purchased by the Georgia O’Keeffe Museum for $7 million and Fisk potentially selling the Marsden Hartley piece. Each painting is appraised at $8.5 million, and Fisk must seek donations to keep one or both works; court approval would be required for any sale.

Fine art

Settlement would allow Fisk University to sell two paintings from its Stieglitz collection

nytimes.com

The New York Times reports Fisk University in Nashville will be allowed to sell two Stieglitz-related paintings, Radiator Building , Night, New York by Georgia O’Keeffe and Painting No. 3 by Marsden Hartley, if no donor is found to keep them. Each work is appraised at $8.5 million, and the settlement requires Fisk to seek donations to retain them; if no donor steps forward within 30 days, the Georgia O’Keeffe Museum will purchase Radiator Building for $7 million and Fisk may auction the Hartley.

Fine art

Settlement would allow Fisk University to sell 2 paintings from its Stieglitz collection

heraldtribune.com

Georgia O’Keeffe’s Radiator Building – Night, New York and Marsden Hartley’s Painting No. 3, two paintings from Fisk University’s Stieglitz collection, could be sold under a settlement that requires Fisk to seek donor support to keep them; if no donor steps forward within 30 days, the Georgia O’Keeffe Museum will buy Radiator Building for $7 million and Fisk may sell Hartley’s painting.

Fine art

Bacons pope painting fetches record price

cbc.ca

Francis Bacon's 1956 Study for Portrait II, a painting of Pope Innocent X, sold for £14 million ($32 million CAD) at Christie's, setting a record for a Bacon work and the second-highest price for a post-1945 artwork. The portrait is based on Diego Velazquez's 1650 painting of Pope Innocent X and is part of Bacon's pope series.

Fine art

£6m sale for an artist who actually paints

thetimes.com

Peter Doig’s White Canoe sold for £5.73 million at Sotheby’s, a record for a living European artist, as part of a sale that totalled £45.76 million; other works by Andy Warhol and Roy Lichtenstein also featured in the sale.

Fine art

Record £14m for Bacon's 'Pope'

telegraph.co.uk

Francis Bacon's painting Study for Portrait II from his Pope series sold for £14m at Christie's, with Sophia Loren noted as the seller; the sale followed a week of major art auctions in London.

Zloděj vrátil vzácné violoncello

ct24.ceskatelevize.cz

Jan Škrdlík, brněnský violoncellista, přišel do kanceláře a zjistil, že mu byl odcizen vzácný violoncello vyrobený Adama Emanuela Homolky v roce 1848. Nástroj byl nalezen v seníku u Mutěnic poté, co se zlodej ozval policii a nález potvrdila hodonínská policie; majitel nástroje ho poznal. Původní odhad hodnoty byl milion korun.

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