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August 2010 Market Intelligence

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Ryanair tells girl to buy £190 plane seat for violin

bbc.com

BBC News reports Francesca Rijks, a 12-year-old from Macclesfield and pupil at Chetham's School of Music, was told to purchase an extra £190 seat to transport her violin after Ryanair would not allow it as hand luggage. The family ultimately flew back with Easyjet, and Francesca's father Harmen Rijks criticized the policy as unfair and discriminatory toward violinists.

Fine art

John W. Coker announces Sept. 15 no-reserve auction of Dr. Albert K. Chapman collection of impressionist, post-impressionist treasures

press-news.org

John W. Coker announced a Sept. 15, 2010 no-reserve auction in New Market, Tennessee, featuring the Dr. Albert K. Chapman collection of Impressionist and Post-Impressionist works, including pieces by Childe Hassam, Alfred Sisley, Pierre Bonnard and a Mary Cassatt pastel; the collection comprises 80+ artworks and was privately held since the 1930s.

Fine art

National Museum Wales acquires important Venetian painting

artnews.conteart.com

National Museum Wales (Amgueddfa Cymru) has purchased a painting by Francesco Guardi, View of the Palazzo Loredan dell’Ambasciatore on the Grand Canal, Venice (oil on panel, 24.3 x 35.5 cm), with the help of the Art Fund. The work was accepted in lieu of Inheritance Tax by HM Government and allocated to Amgueddfa Cymru, expanding the museum’s 18th century collections and joining other Venice-related depictions by Canaletto, Monet, Sickert, and Whistler.

Fine art

Art stolen by Nazis back in Austria after ownership feud

jweekly.com

The painting Portrait of Wally by Egon Schiele was returned to the estate of Lea Bondi Jaray after a legal dispute, with the Leopold Museum agreeing to pay 15 million euros. The work had been claimed by the Bondi Jaray heirs after it was seized by the Nazis, and U.S. authorities had previously blocked its transfer from MoMA to the Leopold Museum.

失而復得! 千萬古董小提琴送回奇美

news.tvbs.com.tw

The article describes a valuable antique Italian violin, worth approximately NT$12 million, loaned by Chi Mei Museum to a young violinist for a Hong Kong tour; the violin was forgotten on a cruise ship and later recovered by Hong Kong police and returned to the museum. The instrument, crafted around 172 years ago by a famous Italian luthier, had its label replaced; the bow is also valuable. The violin will be securely stored but may continue to be lent with tighter safeguards.

Fine art

Painting by Egon Schiele stolen by Nazis back in Austrian museum

artnews.conteart.com

Egon Schiele painting returned to a Vienna museum after a 12-year dispute over its ownership. The Leopold Museum agreed to pay 19 million dollars (15 million euros) as part of the settlement with heirs of the original owner, and the painting was rehung and displayed again. The work involved is Portrait of Wally by Egon Schiele.

Fine art

Schiele art back in Austria after ownership feud

sandiegouniontribune.com

The article reports that Egon Schiele's painting Portrait of Wally was displayed in Vienna after a 12-year dispute over its possession, with Leopold Museum paying 15 million euros (about $19 million) as part of the settlement to Lea Bondi Jaray's estate. The painting had been disputed due to Nazi-era restitution efforts and U.S. authorities initially refused to return it.

Fine art

Spain sued for £13m Pissarro taken by Nazis

thetimes.com

The Sunday Times reports that Claude Cassirer, 89, has been given permission by an American court to sue Spain and the Thyssen-Bornemisza foundation for the return of a $20m (£13m) Pissarro painting (Rue Saint-Honoré, Paris) that was sold to the Nazis for $360 in 1939. The work currently hangs in Madrid’s Thyssen-Bornemisza museum, and Cassirer’s pursuit follows ongoing legal action since 2000.

警起回值250萬古董小提琴

the-sun.on.cc

The Sun reports that a young Taiwanese violinist who borrowed a historic instrument from a Taiwan museum had it stolen on the Star Ferry after a港演奏 and the instrument, valued at over HK$2.5 million, was recovered by police in Ma On Shan. The violin was identified as Gaetano Guadagnini, circa 1838, with a Francois Pecatte bow, and was thought to be worth only a few hundred dollars by the suspect family.

Fine art

Steve Wynn buys Rembrandt: Sotheby’s buys from Christie’s

thedailybeast.com

Steve Wynn bought a late-era Rembrandt self-portrait titled Portrait of a Man With Arms Akimbo for $33 million in a Christie’s sale arranged with Sotheby’s bidding. Otto Naumann commented on the deal, and Wynn had previously caused a commotion by puncturing Picasso’s Le Reve in 2006.

Glimmerglass Chamber Players to perform free concert at Otesaga Resort 8/19

cooperstownchamber.wordpress.com

Glimmerglass Chamber Players will perform a free concert in Cooperstown’s Otesaga Resort Hotel Ballroom on Thursday, August 19 at 5:00 PM. The program features Mozart and Dvorák works, with performers Sasha Margolis (violin), Victoria Schwartzman (piano), Jennifer Reuning Myers (violin), Alexandra VandeGeijn (viola), and Ben Whittenburg (cello). Dinner is available at The Otesaga after the concert.

Fine art

Christie’s 2010 first half global art sales reach $2.57 billion

arts.cntv.cn

Christie’s reported a global art auction turnover of 2.57 billion USD for the first half of 2010, up from 1.8 billion USD in the prior year. The results show strong market demand, with 169 works selling for over 1 million pounds, and Picasso’s Nude, Green Leaves and Bust selling for 107 million USD (the highest price for a work at auction). The report notes Asia’s growing importance in the market and Christie’s leadership in the high-end segment.

Fine art

Polly fifth edition fine-auction achieves close to two hundred million yuan

arts.cntv.cn

The article reports that Poly Auction's 11th session of fine auctions in Beijing concluded with a total成交额 of RMB 1.94 billion. Highlights include Wang Fu’s painting 万里江山图 (Lot by Wang Fu) achieving the top price of RMB 6,832,000, Xu Beihong’s painting 逆风 selling for RMB 3,360,000, and a porcelain vase Qing Qianlong with RMB 2,464,000 leading in its category.

Fine art

AO Auction Preview: Lehman Brothers hoping to sell hundreds of artworks across three auctions in UK and US

artobserved.com

Julie Mehretu, Untitled 1 (est. $600-800,000) and Damien Hirst, Weve Got Style (The Vessel Collection Blue/Green) (est. $800,000-1,200,000) are highlighted as top lots at Sothebys.com; other notable works include John Currin, Shakespeare Actress (est. $500,000-700,000) among pieces from Lehman Brothers collections; the sale aims to raise funds for creditors with an estimated total around $13 million across three auctions at Sotheby's New York, Christie’s London, and Freeman’s Philadelphia.

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