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June 2012 Market Intelligence

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Fine art

Modern Blue Chips Avert Downturn

nytimes.com

Souren Melikian reports from London on Christie’s postwar and contemporary art auction where total sales reached £132.81 million ($207.33 million) with 9 of 69 lots unsold. Yves Klein’s Le Rose du bleu (RE 22) sold for £23.56 million and Jean-Michel Basquiat’s untitled 1981 work brought £12.92 million, marking new world records.

Fine art

Christie’s London Sets a European Record for Postwar and Contemporary Art

Christie’s

Christie’s reported £132.8 million for its London evening auction, led by Yves Klein’s Le Rose du bleu at £23.6 million and five new artist records.

Fine art

Records set at Christie’s contemporary sale in London

archive.nytimes.com

Yves Klein and Jean-Michel Basquiat achieved record prices at Christie’s post-war and contemporary art auction in London. The sale totaled $207.3 million with Klein’s Le Rose du Bleu (RE 22) selling for $36.7 million and Basquiat’s 1981 canvas selling for $20.1 million.

Fine art

Joan Mir painting shatters record at Sotheby London

antiquesandthearts.com

Joan Miró's 1927 painting Peinture (Étoile Bleue) sold at Sotheby’s London impressionist and modern art evening sale for $36,946,396, exceeding the prior auction record for the artist and the London sale record for the year, with the total sale realizing $117,680,965.

Fine art

Juan Miro’s masterpiece sold for a record price

gallerix.org

Juan Miro’s Etoile Bleue (1927) was sold at Sotheby’s in London for almost 30 million euros, setting a new record for the artist’s paintings. The buyer was Andre Lefevre, and works by Picasso, Kandinsky, Bacon, Monet, Bonnard, Chagall and Dix were also shown at the auction.

Vincent Houser acquires a Stradivarius-model violin crafted by violinmaker Eric Benning

benningviolins.com

Vincent Houser, a former student of Jascha Heifetz, purchases a Stradivarius-model violin crafted by Los Angeles maker Eric Benning. Houser is described as a longtime friend of Benning Violins, with Houser serving as Performing Arts Chairman at Buckley School and Orchestra Director for Art Deco Orchestra among other roles.

Fine art

Joan Miro painting set a record at auction in London

artinvestment.ru

Joan Miró Painting (Blue Star) (1927) sold at Sotheby’s in London for 23.6 million pounds, setting a new auction record for Miró. The sale was part of Sotheby’s Impressionist and Modern auction, with total auctioned value around 75 million pounds. Other notable lots included Pablo Picasso's Seated (1972) and Pierre Bonnard Standing naked (1931).

Berglundin Stradivari-viulu jää Suomeen

ts.fi

The Kulttuurirahasto has acquired a Stradivari violin from the collection of the late Paavo Berglund. The violin, built around 1700, is to be kept in Finland and will be known as ex Berglund; it will be one of three Stradivari violins in loan use in the country.

Fine art

Joan Miro sets record price at Sotheby’s London sale

economictimes.indiatimes.com

Joan Miro's 1927 painting Peinture (Etoile Bleue) sold for £23,561,250 ($36,946,396/€29,260,764) at Sotheby’s London sale of Impressionist & Modern Art, shattering the artist’s previous record. The top lot contributed to a sale total of £75,046,850/$117,680,965/€93,200,835 and the year-to-date Sotheby’s Impressionist and Modern Art sales worldwide to £435m/$692.6m/€504.2m.

Fine art

Miró painting sets record on otherwise lackluster opening night of London auctions

archive.nytimes.com

Joan Miró’s 1927 painting Blue Star sold for nearly $37 million, setting a new artist record at auction. The sale helped lift Sotheby’s opening night in London, though many other Impressionist and modern works by Léger, Delvaux, Pissarro and Kandinsky failed to attract bids; the evening total was about $117.7 million with 15 of 48 works unsold.

Fine art

Sotheby’s sale sets Miro record, others disappoint

reuters.com

Joan Miro painting Peinture (Etoile Bleue) sold for 23.6 million pounds ($36.9 million) at Sotheby’s in London, setting a new auction record for the artist. The overall impressionist and modern art sale raised 75.0 million pounds ($117.7 million) but fell short of expectations when buyers’ premiums are included.

Fine art

Restored Caravaggio's Lazarus shown in Rome

reuters.com

Caravaggio's Resurrection of Lazarus, also known as The Raising of Lazarus, has been restored for the first time in 60 years and will be displayed in Rome's Palazzo Braschi before returning to Sicily; the painting was created around 1609 and depicts Jesus raising Lazarus from the dead.

Fine art

Vienna museum settles in looted painting case

reuters.com

Leopold Museum in Vienna settled with heirs of Jenny Steiner, and also reached settlements with the heirs of Daisy Hellmann and Klara Mertens regarding the Nazi-confiscated Egon Schiele painting Houses by the Sea. The museum previously paid $5 million to Steiner’s sole granddaughter, and hoped to fund settlements in other cases using the sale of another Schiele painting, Houses with Colourful Laundry, Suburb II, which sold for a record 24.7 million pounds in 2011.

Fine art

Solid prices at midseason old master auctions

artnews.com

Christie’s led the midseason Old Master sales with a $12.5 million evening auction, selling 82 percent by value of 98 lots. A restituted painting, Girolamo Romanino’s Christ Carrying the Cross, sold for $4.6 million with premium. Other top lots included Philippe de Champaigne’s The Holy Family with a Sparrow (sold for $578,500) and Hubert Robert’s The Ruins and The Old Bridge, which together sold for $1.9 million; the Met Museum sold 11 paintings as part of a fund-raising group totaling over $3 million.

Fine art

Siggi and Sissy Loch Collection Brings Blue-Chip Postwar Art to Auction

Christie’s

Christie’s announced 45 works from Siggi and Sissy Loch’s collection, including art by Yves Klein, Gerhard Richter and Georg Baselitz, with proceeds benefiting the couple’s charitable foundation.

Fine art

Huntington acquires Robert Rauschenberg painting

museumpublicity.com

Robert Rauschenberg's Global Loft (Spread), 1979, was acquired by The Huntington Library, Art Collections, and Botanical Gardens. The work will be on view in the Virginia Steele Scott Galleries of American Art starting July 5, 2012. The painting is described as a Spreads piece with fabric, paper collage, and other materials, and references images from space, nature, and landscape.

An electrifying experience for the Saratoga Springs High School orchestra

saratogian.com

The article describes Mark Wood teaching and rehearsing with the Saratoga Springs High School orchestra in preparation for a concert at 7:30 p.m. Saturday, with proceeds from ticket sales going to music education. Mark Wood, creator of the Viper electric violin and founder of Wood Violins, collaborates with orchestra director Brooke Vincent and the Saratoga Springs High School orchestra, including arrangements by Led Zeppelin, The Beatles and Cream.

Fine art

Louis-Philippe Sevres vases achieve world record with 1,189% increase

paulfrasercollectibles.com

Louis-Philippe Sevres vases for King Louis-Philippe set a world record for 19th century French porcelain at Christie’s New York, selling for $902,500 after an 1,189% increase on the $50,000-70,000 estimate. The second pair from 1852 is in the Mobilier national gallery in Paris. The sale was part of a departmental focus on 500 years of decorative arts in Europe.

Fine art

Rekordáron kelt el Girolamo Romanino Krisztus-festménye

mult-kor.hu

Girolamo Romanino 16. századi Krisztust ábrázoló Cristo portacroce című festménye a Christie's New York-i árverésén rekordszintű összegért cserélt gazdát: 4,6 millió dollárért (1,1 milliárd forintnak megfelelő összegért). Az eladó Ferrero Gentili di Giuseppe örökösei, a mű a Gentili gyűjteményhez tartozott, majd a Milánóban őrzött Brera képtárból visszakerült az örökösökhöz, akik úgy döntöttek, hogy eladják. A licit összbevétel 12,5 millió dollár volt, több művészeti alkotás is felért a kiállított darabokra.

Fine art

Michael Werner makes major gift to Paris

prnewswire.com

Michael Werner made a major gift of 130 works from his collection to the Musée d'Art Moderne de la Ville de Paris, with an accompanying exhibition at the museum from 5 October 2012 to 3 March 2013. Artists mentioned include Marcel Broodthaers, James Lee Byars, Gaston Chaissac, André Derain, Otto Freundlich, Étienne-Martin, Robert Filliou, Antonius Höckelmann, Jörg Immendorff, Per Kirkeby, Wilhelm Lehmbruck, Markus Lüpertz, A.R. Penck, Bernard Réquichot, Niele Toroni and Don Van Vliet.

Fine art

Michael Werner makes major gift to Paris

prnewswire.com

Michael Werner donated 130 works from his collection to the Musée dArt Moderne de la Ville de Paris. An exhibition of works from the collection will be shown at the museum from 5 October 2012 to 3 March 2013. The gift includes works by Marcel Broodthaers, James Lee Byars, Gaston Chaissac, André Derain, Otto Freundlich, Étienne-Martin, Robert Filliou, Antonius Höckelmann, Jörg Immendorff, Per Kirkeby, Wilhelm Lehmbruck, Markus Lüpertz, A.R. Penck, Bernard Réquichot, Niele Toroni and Don Van Vliet.

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