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July 2009 Market Intelligence

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Notarstefano pleads not guilty to selling stolen violins

symphony.org

The article reports that Anthony Eugene Notarstefano, a 45-year-old Long Beach man, pleaded not guilty to a federal charge of attempting to sell stolen violins. Prosecutors allege he traveled from Los Angeles to Europe in 2007 to sell stolen instruments taken from a Los Angeles Philharmonic violinist, including a Carlo Tononi violin valued at about $225,000 and a Jean Baptiste Vuillaume violin valued at $65,000, plus a Tourte bow valued at $30,000; the items were stolen from Mark Kashper in Hollywood in December 2006.

Fine art

Virginia Museum of Fine Arts acquires major German Expressionist collection

artforum.com

Virginia Museum of Fine Arts acquires the Ludwig and Rosy Fischer Collection of German Expressionism, providing more than two hundred works from 1905–1925 by artists including Ernst Ludwig Kirchner, Emil Nolde, Wassily Kandinsky, and August Macke. The gift-purchase was arranged fourteen years ago by Ludwig and Rosy Fischer and became final last year; the collection is now property of the state.

Fine art

Asian collectors seek Warhol’s Mao, Hirst butterflies - Visions Art

visionsarts.com

Asian collectors seek Warhol’s Mao and Hirst butterflies as Western art gains popularity in Asia. The piece mentions Warhol’s Mao portrait sold in Hong Kong in 2006 and Hirst’s Butterfly Series work sold in Hong Kong, with markets expanding in Asia and competition among auction houses.

Fine art

On cruise ships sell forgery?

artinvestment.ru

The article discusses an incident aboard a Royal Caribbean cruise where Sharon Day and Julian Howard bought 11 Dalí prints as part of a boxed set of Illustrations for the Divine Comedy, believing them authentic and valuable. After paying $422,621, they later had the works evaluated by Sotheby’s, which concluded the prints were not exceptionally rare and did not justify the price.

Jacques Thibaud plays French Music review on Opus Kura label

audaud.com

The article discusses Jacques Thibaud plays French Music, featuring Lalo's Symphonie Espagnole in D Minor, Chausson Poeme, Saint-Saens Havanaise in E Major, and Introduction and Rondo Capriccioso in A Minor, performed with conductors Ansermet, Bigot, and Monteux. It notes the Opus Kura release (2082, 64:11) distributed by Albany, the historical recordings from 1939-1947, and the tragic fate of Thibaud (1880-1953).

Fine art

Christie’s Launches First Auction-House iPhone App

Christie’s

Christie’s launched an iPhone and iPod Touch application offering mobile sale previews, catalogues, real-time results and image-based appraisal submissions. The company described it as the first mobile-access strategy from an international fine-art auction house.

Fine art

David Rockefeller’s Absent Cubist Picasso to Return to MoMA (finally!) UPDATED

artsjournal.com

David Rockefeller’s 1909 Cubist Picasso, The Reservoir, Horta de Ebro, will return to view at MoMA. The work is part of the Cézanne to Picasso: Paintings from the David and Peggy Rockefeller Collection exhibition running July 17–Aug. 31. The article discusses MoMA’s deaccession of a similar 1909 Picasso bequeathed by Nelson Rockefeller and the broader context of deaccessioning.

Fine art

Fisk-Walton news flash: appeals court decision puts collection-sharing deal back in play

artsjournal.com

Fisk University’s press release describes a Tennessee Court of Appeals decision that keeps alive the possibility of selling a half-interest in Fisk’s Stieglitz Collection to Crystal Bridges Museum of American Art for $30 million. The ruling found Georgia O’Keeffe Museum lacked standing to participate, effectively allowing Fisk to proceed, though the deal faces potential further appeals and unresolved questions.

Fine art

Récord de Ribera y protagonismo de Goya y Zurbarán en una subasta en Londres

soitu.es

Ribera's painting Prometeo sold for 3.84 million pounds (6.15 million dollars) at Sotheby’s in London, setting a new artist record. Goya’s Portrait ecuestre de Don Manuel Godoy, duque de Alcudia sold for 2.61 million pounds (3.3 million euros), becoming the third most expensive work by Goya sold at auction. Zurbarán’s Portrait del doctor Juan Martínez Serrano sold for 825,000 pounds (957,000 euros).

Auftragsbauten für den Deutschen Musikinstrumentenfonds fördern den Dialog zwischen Geigenbauern und Musikern Es gibt Geigen jenseits der Stradivaris und Guarneris | nmz - neue musikzeitung

nmz.de

The article discusses a pilot project by the Deutsche Stiftung Musikleben where graduate stipend holders receive a new high-quality instrument in addition to their historic loan. Tanja Becker-Bender is highlighted as the first fellow, with her new violin built by Stephan von Baehr, modeled after the Guarneri del Gesù Lord Wilton from 1742. The program aims to create a dialogue between violin makers and young musicians by pairing established luthiers with the Stiftung’s fellows.

Fine art

Merkin sells $310 million art collection amid fallout from Madoff fraud

artnews.com

Art collector J. Ezra Merkin is liquidating part of his collection in a $310 million private sale to an unidentified buyer, including works by Mark Rothko and Alberto Giacometti. The sale is described in New York State Supreme Court filings amid ongoing fallout from Merkin’s investments with Bernard L. Madoff.

Fine art

Ezra Merkin sells his Mark Rothko paintings and Alberto Giacometti sculptures

artinvestment.ru

Ezra Merkin, a New York financier connected to Bernard Madoff, is reported to be selling his collection, including seven Mark Rothko paintings acquired with PaceWildenstein and two Alberto Giacometti bronzes, with proceeds possibly around 310 million dollars. The sale was linked to a New York attorney general lawsuit and aims to compensate investors affected by Merkin and Madoff-related activities.

Fine art

The faking of the Russian avant-garde

artnews.com

The article discusses an ARTnews investigation into the alleged fakes in a 192 Russian avant-garde exhibition at the Château Museum in Tours, France, focused on Aleksandra Ekster. It highlights claims by Andrei Nakov and the involvement of Paris dealer Jean Chauvelin, the police seizure, and prior similar incidents, noting the prevalence of fakes in the market and citing opinions from scholars and dealers.

Fine art

AO Auction Results: Old Masters Week at Christie’s and Sotheby’s in London – Auctions find strength and stability in the classics

artobserved.com

Pieter Brueghel the Younger’s ‘Massacre of the Innocents’ sold for £4.6 million, above estimates of £2.5-3.5 million, via Sotheby’s. Old Masters Week at the auction houses in London finished solidly within estimates, with Christie’s Old Masters and 19th Century Art Evening Sale realizing £20.5 million, and Sotheby’s Old Master Paintings Evening Sale totaling £26.1 million; Barbara Piasecka Johnson’s Renaissance & Baroque Masterworks collection brought £9.9 million, pushing the night’s total to £36 million.

Fine art

Merkin to sell artwork amid N.Y. Madoff probe

reuters.com

Ezra Merkin agreed to sell his art collection for $310 million to help potentially compensate investors who lost money in the Bernie Madoff fraud, as announced in New York court papers. The sale, which could yield at least $191.9 million after liens, taxes and fees, includes works by Mark Rothko and Alberto Giacometti, and proceeds may be placed in escrow during litigation led by New York Attorney General Andrew Cuomo.

AfriClassical interviews American Viola Society president Juliet White-Smith

africlassical.blogspot.com

AfriClassical reports on Juliet White-Smith, DMA, professor of viola at the University of Northern Colorado, who is the new president of the American Viola Society. The piece notes her first CD Fashionably Late: Juliet White-Smith Debuts!, Centaur 2982 (2009), and her involvement with the 37th International Viola Congress in Stellenbosch, South Africa, as well as a forthcoming premiere with Tim Deighton.

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