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June 2011 Market Intelligence

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Fine art

Bacon and Warhol works snapped up at £108m art auction

bbc.com

Francis Bacon's Crouching Nude and Andy Warhol's Debbie Harry were among works sold. An auction at Sotheby's in London achieved £108.8m, with artist records for Sigmar Polke and Georg Baselitz. Other notable results included Jean-Michel Basquiat's early untitled painting at £5.4m and several works from the Duerckheim collection.

Fine art

Strong Sales in London for Some German Artists

nytimes.com

This article reports on Sotheby’s auction in London featuring 34 works from Count Christian Duerckheim’s collection, highlighting prices for contemporary German artists Sigmar Polke, Georg Baselitz, and Blinky Palermo, among others. The Duerckheim collection totaled $96.6 million, contributing to an evening total of $174.1 million with 9 of 88 works not selling.

助日賑災 稀世古董名琴拍出天價

ntdtv.com

The article reports that the Stradivarius violin Lady Blunt, donated by the Japan Music Foundation and auctioned by Tarisio, sold online for 9.8 million pounds (about 15.9 million USD) to an anonymous buyer to aid Japan earthquake and tsunami relief funds. The instrument dates to 1721 and is praised for its exceptional sound and preservation, with commentary from Tarisio’s Jason Price and notes on Stradivarius craftsmanship.

Fine art

Hascoe collection sale sets records for modern Czech art

artnews.com

Frantisek Kupka’s Movement, 1913–19 sold for a record £1.5 million ($2.4 million) at Sotheby’s London. Josef Capek’s Sailor and Phantomas, 1917–20 and Karel Cerny’s In the Bar, 1946 also set records at the Hascoe collection sale in London, which realized £11.1 million ($18 million) against estimates of £4.2 million/£6.2 million. Otto Gutfreund’s Cubist Head, 1913–14 cast posthumously also set a record at £34,850 ($56,600).

Fine art

Leopold Museum settles restitution dispute with heirs over Romak paintings

artinvestment.ru

The Leopold Museum in Vienna reached a settlement with the heirs of Maurice Ayzlera regarding two Anton Romak paintings, Castle Grayllenshtayn and Countess Kyufshteyn at the easel, allowing the works to remain in the museum in exchange for compensation. The dispute involved the art seized by the Gestapo from Ayzlera, who survived Auschwitz and later returned to Brno. The museum previously also settled with the heirs of collector Jenny Steiner over an Egon Schiele painting for $5 million.

Fine art

Sotheby’s auction makes $155 million with record sale for Schiele work

huffpost.com

Sotheby’s London sale of 35 lots brought in $155 million (97 million pounds). The top lot was Egon Schiele’s townscape Houses With Laundry (Suburb II), which sold for $40 million, a record for the artist, offered by the Leopold Museum, Vienna. Other notable results included Alberto Giacometti’s Trois hommes qui marchent II at 10.7 million pounds and Pablo Picasso pieces Couple, Le Baiser and Homme a la pipe et nu couche at 6.5 million pounds and 4.8 million pounds respectively.

Fine art

Works by Jared French, Mary Nimmo Moran and Thomas Hart Benton Bring Strong Prices at Swann Galleries

artnews.conteart.com

Jared French’s Siren sold for $138,000, Mary Nimmo Moran’s Long Island Landscape sold for $64,800, and Thomas Hart Benton’s Landscape, Martha’s Vineyard sold for $60,000 at Swann Galleries’ June 9 auction of American Art and Contemporary Art. Ogden M. Pleissner's Rail Shooting on the Connecticut River sold for $26,400; additional notable works were also highlighted.

Stradivarius violin sold for £9.8m at charity auction

bbc.com

The Lady Blunt Stradivarius violin, made in 1721 and named after Lady Anne Blunt, was sold in an online charity auction for £9.8 million ($15.9 million) to support disaster relief in Japan. Proceeds go to the Nippon Foundation's Northeastern Japan Earthquake and Tsunami Relief Fund, with the sale organized by the Nippon Music Foundation and London-based Tarisio.

1721년 만든 스트라디바리우스 바이올린이 경매 최고가로 팔려

donga.com

The Stradivarius violin made in 1721 sold for 9.8 million pounds (about 172 billion won) according to Tariisio, the online instrument auction house. The violin, nicknamed Lady Blunt, was owned by the British Romantic poet Lord Byron's granddaughter Anne Blunt and is considered the best-preserved Stradivarius. Previous record was Mollyter, a 1697 violin sold in New York for $3.6 million.

Stradivarius violin sold for $16 million

nbcnews.com

The Nippon Foundation sold a 1721 Stradivarius violin known as the Lady Blunt for $16 million at a London auction to aid tsunami relief in northern Japan. Proceeds will support traditional arts in the region; the new owner was not identified.

Rare violin sells for $16 million at auction

nbcbayarea.com

A nearly 300-year-old violin once owned by Lord Byron's granddaughter sold for $16 million at auction to raise money for disaster relief in Japan. The Nippon Music Foundation, which owns several Stradivari and Guarneri instruments, put it up for sale.

Stradivarius fetches record $16 million in charity sale

today.com

The article reports that a 1721 Stradivarius violin, once owned by the granddaughter of Lord Byron, sold for 9.8 million pounds ($15.9 million) at auction for Japanese disaster relief. Proceeds benefited Nippon Foundation's Northeastern Japan Earthquake and Tsunami Relief Fund, with Tarisio noting strong bidder interest.

Stradivarius violin up for auction to aid Japan earthquake victims

newsfeed.time.com

The Lady Blunt Stradivarius violin, owned by Lady Anne Blunt, is being sold online by Tarisio on behalf of the Nippon Music Foundation to raise funds for the Northeastern Japan Earthquake and Tsunami Relief Fund. Jason Price of Tarisio described it as the “Mona Lisa” of violins, noting it is rarely played. The auction supports relief efforts following the March 11 disaster in Japan, with bidding continuing until 15 minutes pass without a bid.

Stradivarius fetches record 16 million dollars in charity sale

reuters.com

Reuters reports a Stradivarius violin known as the Lady Blunt, owned by Lady Anne Blunt, fetched a record 9.8 million pounds (about $15.9 million) at auction for Japanese disaster relief. Proceeds support Nippon Foundation’s relief fund; Tarisio described strong bidding; the instrument dates from 1721 and is among a few hundred Stradivari instruments remaining.

Fine art

Monet and Picasso Lead £115-164 Million Christie's London Sale

Christie’s

Christie’s announced a 92-lot London Impressionist and Modern Art evening sale estimated at £115–164 million, led by works from the Ernst Beyeler estate and major paintings by Monet and Picasso.

Lady Blunt and Messiah reunited at Ashmolean Museum

tarisio.com

The article discusses the reunion of the 1721 Lady Blunt and the 1716 Messiah violins, two of the world’s best-preserved Stradivari instruments, at the Ashmolean Museum in Oxford on June 10, 2011. It notes the last time they were in the same room was likely in the 1930s at W.E. Hills in London and mentions the launch of the reference guide Musical Instruments in the Ashmolean Museum: The Complete Collection edited by John Milnes with photography by Tucker Densley.

$10 million Stradivarius violin to be auctioned for Japan earthquake and tsunami relief fund

theglobalherald.com

The article discusses a 1721 Stradivarius violin, the Lady Blunt, last privately sold for $10 million and set to auction on June 20, 2011 to benefit the Nippon Foundation’s Northeastern Japan Earthquake and Tsunami Relief Fund. The auction is conducted by Tarisio and the instrument has a history including ownership by Lady Anne Blunt and association with the Nippon Music Foundation.

Fine art

Christie’s Hong Kong sales reach HK$1.77 billion ($227 million) across six days, led by Zao Wou-Ki and Zeng Fanzhi

huffpost.com

The HuffPost article reports Christie's Hong Kong Modern & Contemporary sales totaling HK$1.77 billion ($227 million) across six days. Highlights include top lots by Zao Wou-Ki and Zeng Fanzhi, with a 5- and 4-times pre-sale high estimate hammer for specific works; 45 lots offered with 95% sold by value on the blockbuster evening, and a record-setting HK$492.6 million ($63 million) for the 20th Century and Contemporary Asian art sale. Zeng Fanzhi’s The Leopard was the standout piece and funds from its sale were donated to The Nature Conservatory.

Fine art

Zhang Daqian’s Jiaou Tu fetches 190 million HKD, a record

collection.sina.com.cn

The painting Jiaou Tu by Zhang Daqian, created in 1947, sold for 190 million Hong Kong dollars at Sotheby’s in Hong Kong on May 31, setting a new personal-record auction price for Zhang Daqian. The sale was part of the Meiyun Tang collection auction, with total auction value and records noted. The buyer was Taiwan’s Lin Baili, with other bidders mentioned.

Fine art

AO Auction Results London Sotheby’s Contemporary Art Evening Sale realizes $174M; Duerckheim Collection brings in $97M

artobserved.com

Sotheby’s London contemporary art evening sale realized $174 million with a high estimate of $168.5 million, aided by the Duerckheim collection which brought $97 million against a $74 million high estimate. Top lots included Sigmar Polke’s Dschungel (Jungle), Francis Bacon’s Crouching Nude, Jean-Michel Basquiat’s Untitled, and Andy Warhol’s Debbie Harry.

Fine art

Sotheby’s wins plaudits and pounds with its German art collection sale

pureartsgroup.blogspot.com

The auction highlighted a German post-war collection from Count Christian Duerckheim that achieved £108.8m, the highest contemporary art auction total in London, led by works by Gerhard Richter, Georg Baselitz and Sigmar Polke. Notable prices included Polke's Kopf (Head) at £3.7m, Baselitz's Der Baum at £1.8m, and Richter's 1024 Farben at £4.3m, with five artists setting records.

South Asia Current Affairs: $15m Stradivarius violin smashes record

southasiacurrentaffairs.blogspot.com

The article reports that a 1721 Stradivari violin known as the Lady Blunt sold for £9.81 million ($15.07 million) at a London auction, setting a new world record for a Stradivari violin. The Nippon Music Foundation acquired the instrument in 2008 and plans to donate 100 percent of the proceeds to victims of Japan's earthquake and tsunami relief fund.

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