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September 2010 Market Intelligence

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Fine art

Art auction raises $12M against Lehman debt

nj.com

The Lehman Brothers art auction at Sotheby’s in New York raised $12 million in total bids. John Currin’s Shakespeare Actress sold for $362,500, and Julie Mehretu’s Untitled 1 brought $1 million, topping its high estimate; other notable results included Mark Grotjahn and Liu Ye works. The sale supports Lehman’s creditors as more Lehman art was to be sold by Christie’s and Freeman’s.

Fine art

Lehman art auction yields $12.3 million

artforum.com

Dóra Maurer, Julie Mehretu, John Baldessari, Glenn Ligon and Gerhard Richter are among the artists mentioned in the Lehman Brothers auction at Sotheby’s, where 142 works were sold. Mehretu’s 2001 abstract sold for $1 million to an unnamed collector; Damien Hirst’s We’ve Got Style (The Vessel Collection – Blue/Green) (1993) failed to sell with an estimated price range of $800,000 to $1.2 million.

South Korean Kang wins Violin Competition of Indianapolis

symphony.org

The article reports that Clara-Jumi Kang, a 23-year-old German-born South Korean violinist, won the eighth quadrennial International Violin Competition of Indianapolis, receiving first-place prize money of $30,000 plus additional special prizes totaling $10,500, and a Berg Tourte-Voirin bow valued at $8,000. It notes prior wins in Hannover (2009) and Sendai (2010) and mentions a Carnegie Hall recital debut and a Naxos recording contract as part of the award.

Fine art

Julie Mehretu's Untitled 1 leads Lehman Brothers art auction

paulfrasercollectibles.com

Julie Mehretu's Untitled 1 sold for over $1 million at the Lehman Brothers art auction in New York, topping the sale. The piece by Mehretu was the top seller among exclusive lots, while Damien Hirst's We've Got Style did not sell within its estimated range. Christie’s and additional Lehman Brothers sales were noted to occur later in the season.

Worcester Art Museum launches chamber music series

metrowestdailynews.com

The article reports that the Worcester Art Museum will host a Chamber Music Series concert featuring Borromeo String Quartet members Nicholas Kitchen (violin) and Yessun Kim (cello) on Oct. 3, in the Baroque galleries. It notes their credentials and past performances, mentions the Baroque setting and discussion elements, and includes ticket prices ($10 for members, $20 for nonmembers) and contact details for reservations.

Fine art

Lehman art collection brings in $12.3 million at auction

reuters.com

The Lehman Brothers art collection sold for $12.3 million at auction, with Julie Mehretu’s untitled 2001 work selling for $1,022,500 to set a record for the artist. Other top prices came from works by Gerhard Richter, Liu Ye, Mark Grotjahn and Neo Rauch; Damien Hirst’s piece did not sell. Sotheby’s reported 83% of 142 lots sold as international bidding and online bidders participated.

Fine art

Lehman Brothers sign and office artworks auctioned in UK

artnews.conteart.com

The Christie’s auction in London will sell the Lehman Brothers 10-foot sign from its European headquarters along with paintings, furniture and office items to pay creditors. The sale, previewed by Christie’s, is expected to raise about 2 million pounds and includes works by Gary Hume, Robert Rauschenberg and Lucian Freud among 300 lots.

Fine art

Major Matisse ceramic added to LACMA’s collection

lacma.wordpress.com

Henri Matisse’s large-scale ceramic La Gerbe (The Sheaf) from 1953 was added to LACMA, a gift promised by Frances L. Brody and donated in her will. The piece was created for the Brodys in the early 1950s and was installed in their home before being moved to LACMA.

Fine art

Lichtenstein and Torres García paintings head back to Brazil

artforum.com

Lichtenstein’s Modern Painting with Yellow Interweave and Torres García’s Figures dans une structure were handed over to Brazil, part of a larger case involving assets smuggled to the US by Edemar Cid Ferreira. The transfer was carried out after US authorities moved the paintings out of New York.

В Черновицкой области на границе предотвратили контрабанду скрипки Stradivari

zaxid.net

The article reports that border officials in Chernivtsi region thwarted an attempt to export a Stradivari violin allegedly made in 1716. The instrument bore a barely visible Latin stamp Antonio Stradivari and the number 1716; experts were to determine its authenticity. Authorities opened a customs violation case as the man sought to transport these items without documents.

Belarusian State Academy of Music bought a violin by Andrea Guarneri

naviny.by

The Belarusian State Academy of Music purchased a 17th century violin made by Andrea Guarneri, with the instrument manufactured in Cremona, Italy in 1673 for Florian Leonhard Fine Violins (London). The bow is attributed to Henry in the late 19th century, and expert certificates confirm the instrument’s condition and restoration quality. The academy plans to have talented students perform on the instrument during international competitions and major concerts.

Court: antiques violin theft charge against Tianxing lodge recipient

orientaldaily.on.cc

The article reports that a 47-year-old shop assistant, who allegedly found a valuable antique violin aboard the Star Ferry and kept it, is charged with theft. He appeared in Kowloon City Court, was granted HK$5,000 bail, and the case was adjourned for pre-trial on September 29. The case involves a Guarneri Guadagnini violin of value HK$2.5 million previously belonging to the Chi Mei Museum in Taiwan, with prosecutors planning to call five witnesses and use CCTV evidence.

Sherlock Holmes violin set to be played on musical tour

bbc.co.uk

The BBC reports that a violin linked to Sherlock Holmes author Sir Arthur Conan Doyle will tour the north east and Highlands. Feargus Hetherington will perform with pianist Will Pickvance, with concerts in Elgin, Fortrose, and Dornoch, starting in Dunkeld. Funds from the concerts will support local schools and charities, and the instrument was crafted by Steve Burnett from a diseased sycamore tree in Edinburgh to mark Conan Doyle's 150th birthday.

Fine art

Christie’s auctioned 30 millionth Poussin picture

artinvestment.ru

Nicolas Poussin Ordination is valued at 15-20 million pounds (23-31 million dollars) and will be offered at Christie's in London. The work is part of a cycle of The Seven Sacraments and is connected to a historical pair of related works, with others currently in the National Gallery of Art in Washington and in the National Gallery in London; the Duke Ratlendsky intends to sell to fund restoration of his castle Belvua.

Fine art

Christie’s expects Poussin’s painting to fetch up to £15-20 million

artnews.conteart.com

Christie’s expects the Poussin painting titled Ordination to fetch 15-20 million pounds ($23-31 million) at a London sale on December 7. The article notes prior high prices in old master sales, including a Raphael drawing that sold for $47.9 million and a Rembrandt for around $33 million. The painting from the Seven Sacraments series was created in the 1630s for Cassiano dal Pozzo; one other Sacrament, Penance, was destroyed and Baptism is in the National Gallery of Art.

Fine art

Christie’s expects Nicolas Poussin’s painting to fetch up to $31 million

artnews.conteart.com

Christie’s expects a Nicolas Poussin painting titled Ordination to fetch 15-20 million pounds ($23-31 million) at auction in London on December 7. The article notes previous high prices for old master works, including a Raphael drawing and a Rembrandt painting, and mentions Cassiano dal Pozzo as the 17th-century patron related to the Seven Sacraments series.

Sherlock violin finds new home in Edinburgh

bbc.co.uk

The BBC reports that a violin named Sherlock, carved from a sycamore tree associated with Sir Arthur Conan Doyle, has been handed over to the University of Edinburgh's musical instrument collection. The instrument was created by Edinburgh luthier Steve Burnett and was officially presented at a ceremony where fiddler Pete Clark performed.

Fine art

The Curator's Eye: Kemper Development

cityartsmagazine.com

Michael Schultheis, Wings of Apollonius, 2009, acrylic on canvas, 108 x 144 inches is discussed in relation to Kemper Development Company's corporate art collection. Andi Meucci, landscape designer, applied art and landscape to Kemper’s Eastside development, including Full Circle carved from a felled cedar and Ghost Trailer landscaping piece; the piece Wings of Apollonius was installed at the Bellevue Hyatt and inspired by Ellsworth Kelly’s Curve XXIV.

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