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April 2007 Market Intelligence

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Fine art

Seattle Art Museum receives over $1 billion in art from an incredibly devoted group of collectors

theartnewspaper.com

The article describes the Seattle Art Museum receiving more than 1,000 works from 53 donors, including prominent local collectors such as Virginia and Bagley Wright, Jon and Mary Shirley, Barney A. Ebsworth, and Susan and Jeffrey Brotman. Highlights include works by Brancusi, Edward Hopper, Marsden Hartley, and pieces by major Abstract Expressionists, as well as international contemporary artists and photographers.

Fine art

Warhol Athletes commissioned for $800,000 to be sold for $28m

theartnewspaper.com

Warhol Athletes series, ten portraits commissioned by Richard Weisman in the late 1970s and offered by Martin Summers Fine Art for $28m; the works cost $800,000 originally and include works by Andy Warhol with subjects such as Muhammad Ali, Dorothy Hamill, Pelé, Kareem Abdul-Jabbar, Chris Evert, Jack Nicklaus, Willie Shoemaker, and O.J. Simpson. The article notes extras and subsequent sales of individual pieces.

Fine art

Ogling art at the spring auction previews

slate.com

Ogling art at the spring auction previews discusses upcoming New York spring auctions by Sotheby’s and Christie’s and the public preview exhibitions. It mentions Warhol’s Green Car Crash, Rothko, Rauschenberg, and Pollock as examples of museum-quality works in previews for Post-War and Contemporary Art, Impressionist and Modern Art, and Prints.

Fine art

Elusive Banksy sets record price at Bonhams in London

nzherald.co.nz

Banksy’s Space Girl and Bird, a spray paint work on steel, sold for 288,000 pounds at Bonhams in London, setting a new record and exceeding the previous record of 102,000 pounds. The sale also included Self Portrait at 198,000 pounds and Think Tank at 75,000 pounds; all figures include buyer’s premium.

Fine art

Munch thieves sentenced to prison

cbc.ca

Three men were sentenced in Oslo for the 2004 theft of Edvard Munch's The Scream and Madonna. Bjoern Hoen received a nine-year sentence, Petter Tharaldson nine years and six months, and Stian Skjold five years and six months, with damages of 1.57 million Norwegian crowns to Oslo. The Scream and Madonna canvases were stolen in August 2004 and recovered in August 2006.

Fine art

Restitution Follies: As the Turner Turns and Returns

artsjournal.com

J. M. W. Turner, “Glaucus and Scylla,” was restituted to the heirs of John and Anna Jaffé by the Kimbell Art Museum in Fort Worth, Texas, after Christie’s reported a bid by Richard Feigen of $6.42 million to reacquire it for the Kimbell. The post references a prior note about the Kimbell’s restitution and notes the painting’s sales history during a Christie’s session.

Stradivarius se asoma a China, hoy el mayor fabricante mundial de violines

lavanguardia.com

The article discusses an exhibition in Shanghai where 48 historic violins, including two Stradivarius and three Guarneri, are on display at the Shanghai Conservatory. It notes China as the world's largest violin maker by volume and mentions key figures such as Antonio Stradivari, Jenő Hubay, Eric Blot, Zheng Quang, and Chung Dai-Ting. The exhibit aims to give Chinese visitors exposure to valuable antique instruments and attract new buyers amid a rising interest in European violins.

Manchester takes a bow

bbc.co.uk

The page discusses the RNCM Manchester International Cello Festival in Manchester, including festival director Ralph Kirshbaum and the line-up featuring Yo-Yo Ma, Natalia Gutman and Colin Carr. It mentions Elgar Cello Concerto performed by Kirshbaum with the BBC Philharmonic at Bridgewater Hall, and outlines festival highlights and venues at RNCM and Bridgewater Hall.

Fine art

Aivazovsky stars at Galerie Koller’s $29M spring auctions

artnews.com

Ivan Aivazovsky had three paintings that together brought $3.7 million at Galerie Koller’s spring auctions in Zurich. The sale’s total turnover was $28.6 million, led by Aivazovsky’s Naples with a Poet Between Fishermen (1845) sold for $2.48 million to an anonymous Russian collector, followed by Pieter Brueghel II’s The Bird Trap at $1.3 million; a drawing titled Man’s Profile, attributed to the Circle of Andrea del Sarto, sold for $594,000 (estimate $2,500/3,300).

Fine art

Wynn dismisses suit against Lloyd’s of London

artnews.com

Steve Wynn dismissed his lawsuit against Lloyd’s of London over damage to Picasso’s Le Rêve, 1932. The case concerned Wynn’s claim for diminution in value after a tear and restoration, with an initial valuation of $139 million and a claimed post-restoration value of $85 million; reports suggested settlement may have been around $40 million, though the filing does not specify terms.

Fine art

Old masters at Christies, April 2007

theartwolf.com

The page discusses Christie’s New York Important Old Master Paintings sale in April 2007, including works by Bernardo Bellotto, Canaletto, El Greco, Cima da Conegliano, and J. M. W. Turner, with estimates and highlights from the auction catalog and restitution context tied to Jacques Goudstikker.

Skripka Stradivari sold at auction for $2.7 million

fakty.ua

The Stradivarius violin, dated 1729 and known as Solomon ex Lambert, sold at Christie's New York for $2.7 million. The buyer was a Toronto dealer, Rick Heinl, acting on behalf of an anonymous private collector who may lend the instrument to famous musicians.

Fine art

Detroit Institute of Arts wins legal battle over Van Gogh painting

english.pravda.ru

The Detroit Institute of Arts will not have to return the Van Gogh painting Les Becheurs in a case brought by relatives of the original owner, with the court ruling the statute of limitations has expired. The painting, acquired in 1969, was bequeathed to the DIA by Robert Tannahill; the dispute also involved a Gauguin painting case in Ohio.

Skripku Stradivari prodali za rekordnuyu summu

lenta.ru

The Stradivarius violin from 1729 was sold at Christie's in New York for 2.4 million USD, setting a world record. The article mentions prior record held by another Stradivarius, The Lady Tennant, sold in 2005 for 2 million USD.

In New York, Stradivarius violin sells for record sum at Christie’s

podrobnosti.ua

The article reports that at Christie’s in New York a Stradivarius violin from 1729 sold for 2.4 million dollars, exceeding the estimated value of 1–1.5 million and setting a new world record. The previous record was the Lady Tennant Stradivarius sold in April 2005 for 2 million dollars; the buyer’s identity is unknown.

World online Stradivarius sells for 2.7 million dollars at Christie's, second-highest auction price ever

joongang.co.kr

The article reports that a Stradivarius violin made in 1729 sold at Christie's in New York for about 2.7 million USD, roughly 25 billion KRW, detained by an anonymous buyer who plans to lend it to a talented violinist. The instrument is known as Solomon, X-Lambert, reflecting its former owners Seymour Solomon and Murray Lambert.

Fine art

Verdicts announced in Munch appeals

artforum.com

The article reports that an appeals court in Norway convicted three men and acquitted three others in the 2004 theft of Edvard Munch’s The Scream and Madonna. The paintings were recovered in August of the previous year after being stolen from Oslo’s Munch Museum, damaged and undergoing repair. The Oslo district court previously convicted three men of helping the robbers, while three others were acquitted; the appeals court upheld some convictions and acquittals, reversing others.

Violino Stradivarius é leiloado por R$ 4,8 milhões

estadao.com.br

The article reports that a 1729 Stradivarius known as Solomon, Ex-Lambert, was auctioned for US$2.4 million (R$4.8 million) by Christie’s in New York, becoming the second most expensive violin ever sold. Rick Heinl was the auctioneer and the buyer plans to donate the instrument to artists of suitable stature; the seller estimated the price between US$1 million and US$1.5 million. The violin derives its name from Seymour Solomon and Dorothy Mary Murray Lambert, and was made in Cremona.

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