Edward Hopper’s Cape Cod sells online for $9.6 million
theartwolf.com
Edward Hopper created October on Cape Cod (oil on canvas, 1946). The piece sold for $9,602,500 at Christie’s LIVE in New York online bidding.
Monthly archive
November 2012 Market Intelligence
22 headlines
Source-linked reporting
Headlines
22 headlinesAllentown Art Museum acquires Franz Kline painting
museumpublicity.com
Allentown Art Museum of the Lehigh Valley acquired Franz Kline’s Lower East Side Market Scene, circa 1938, purchased at Christie’s in New York (Lot 96) on September 25, 2012. The work is connected to the exhibition Franz Kline: Coal and Steel running in the Scheller Gallery through January 13, 2013.
Trainee teacher who stole £500,000 violin jailed
standard.co.uk
The article reports that a trainee teacher, John Powles, 24, admitted burglary of a rare 18th-century Guarnerius violin worth £500,000 and was jailed for eight months at Harrow Crown Court; his co-defendant Dean Barton, 24, received nine months with a further three months for handling stolen goods. The burglary at David Roth's Cricklewood home also involved theft of candlesticks, jewellery and collectable coins, and the violin was later recovered and returned to Mr Roth.
Burglars take violin worth £140,000
the-independent.com
A rare 18th-century Nicola Gagliano violin dating to 1747, worth £140,000, was stolen from a New Cross flat. The owner, 31, returned home to find the burglary and that the violin in a brown rectangular case was taken.
Warhol, Kline shine at Christie’s record-setting auction
theartwolf.com
Andy Warhol, Jean-Michel Basquiat, Franz Kline, Roy Lichtenstein and Jeff Koons are highlighted for record-setting prices at Christie’s November 14, 2012 sale. Andy Warhol’s Statue of Liberty silkscreen work sold for 43,762,500 USD, Basquiat’s Untitled (1981) brought 26,402,500 USD, and Kline’s Untitled (1957) realized 40,402,500 USD. The auction also set a new world record for Koons with Tulips at 33,682,500 USD and for Basquiat with Untitled (1981) at 26,402,500 USD; Lichtenstein’s Nude with Red Shirt sold for 28,082,500 USD.
Biggest contemporary art auction at Christie’s New York, again
artnews.com
The Christie’s New York sale set a record for postwar and contemporary art with $412 million, including new records for Jean-Michel Basquiat, Franz Kline and Jeff Koons. The top lot was Andy Warhol’s 3D Statue of Liberty (1962) sold for $43.8 million.
Mark Rothko painting sells for $75 million at New York auction
upi.com
Mark Rothko, the artist of No. 1 Royal Red & Blue (1954), had his painting sold for $75 million at a Sotheby’s contemporary-art auction in New York. The sale reportedly attracted at least five bidders and was sold to an unnamed client of Sotheby’s specialist Charlie Moffett; the auction total for the sale was about $375 million according to The Wall Street Journal.
Record total at Sotheby’s led by Rothko, Pollock, Bacon
artnews.com
The sale at Sotheby’s New York brought in $375.2 million, topping the evening’s high estimate and setting records for artists including Jackson Pollock, Franz Kline, Hans Hofmann, Arshile Gorky, Robert Motherwell, and Wade Guyton, plus a Warhol work on paper. The top lot was Mark Rothko’s No. 1 (Royal Red and Blue), which sold for $75.1 million, with the house’s previous high at $362 million set in May 2008.
$75m Rothko leads record Sotheby’s auction
historynewsnetwork.org
The article reports Sotheby’s sold a Mark Rothko abstract for $75 million at a contemporary-art auction, part of a $375 million sale that surpassed Sotheby’s previous company-record. The Rothko work is titled No. 1 (Royal Red & Blue). The auction’s total exceeded the $362 million from a May 2008 sale. The painting’s bidders included at least five buyers, with Charlie Moffett securing the winning bid.
Jimson Weed painting by Georgia O'Keeffe, 1936, located at the Indianapolis Museum of Art
en.m.wikipedia.org
Georgia O'Keeffe created the oil on linen painting Jimson Weed in 1936. The work depicts four large jasmine weed blooms and is housed at the Indianapolis Museum of Art in Indianapolis, Indiana. A related work, Jimson Weed/White Flower No. 1, sold at auction in 2014 for $44,405,000.
Delta kicks musician out of frequent flyer program for buying cello its own seat
consumerist.com
The article discusses solo cellist Lynn Harrell purchasing a second seat for his cello during travel. Delta Air Lines bans Harrell from its frequent-flyer program as a consequence of this action.
Classical violinist Rachel Barton Pine also loves heavy metal
eu.rrstar.com
The article discusses violinist Rachel Barton Pine and her interest in heavy metal. It mentions a Guarneri violin loaned to Pine and her performance with the Rockford Symphony Orchestra, as well as Pine's involvement with a Chicago doom/thrash metal band called Earthen Grave.
Dietmar Machold: the renowned violin dealer jailed over decades of fraud, claims Stradivarius expertise
independent.co.uk
The Independent reports that Dietmar Machold, a German-born Austrian violin dealer nicknamed 'Mr Stradivarius,' was jailed for six years after being convicted of large-scale fraud and embezzlement. He allegedly swindled creditors out of about €100 million by using real and fake Stradivarius violins as collateral and falsifying authenticity certificates; his empire collapsed in 2010 amid insolvency of his international network.
Leading Stradivari dealer sent to prison for fraud – San Diego Union-Tribune
sandiegouniontribune.com
Dieter Machold, a prominent dealer in Stradivarius violins and other rare stringed instruments, was sentenced to six years in prison by a Vienna court after being found guilty of fraud and embezzlement in a multi-million dollar scheme. The court noted that he used instruments he was supposed to sell for clients to secure bank credits to finance his business and private life, and Machold declared bankruptcy two years prior with debts reported between 80 million and 150 million euros (about $102-191 million).
Sotheby’s continues downbeat week for Impressionists and Moderns
artnews.com
Sotheby’s New York reported a lackluster $163 million sale of Impressionist and Modern art, short of the $170–$245 million estimate. Picasso topped the evening with a $41.5 million work, Nature Morte aux Tulipes, amid several high-profile names and a 31% unsold rate.
A Late Quartet actress gets coached in finer points of playing viola
latimes.com
The Los Angeles Times article reports that Carrie Dennis, the Los Angeles Philharmonic principal violist, coached actress Catherine Keener for the role in A Late Quartet. Dennis spent two weeks with Keener in late 2010, helping with hold and mannerisms, as well as instrument handling and other small details, while the Brentano String Quartet performed the soundtrack.
Charleston Music Fest opening concert celebrates medical recovery of violinist
blogs.charleston.edu
The College of Charleston School of the Arts announces violin professor Lee-Chin Siow’s return to performance after a car crash injured her arm. Siow, co-founder of Charleston Music Fest, will headline the opening concert of CMF’s seventh season, Curtis Night – Lee-Chin & Friends, with alumni from the Curtis Institute of Music performing works by Beethoven, Strauss, Schoenfield, and Vaughan Williams.
Monet painting sells for $43.8 million at New York auction
upi.com
Claude Monet's 1905 water-lilies painting, titled Nympheas, sold for $43.8 million at a Christie’s New York auction. The sale was part of Christie’s Impressionist and Modern Art sale, and the painting came from the Hackley School in Tarrytown, donated by the family of the late investor Herb Allen.
Renowned Los Angeles Violin Shop Releases West Coast's Largest Online Catalog of Master Instruments
newswire.com
Benning Violins in Los Angeles released the West Coast's largest online catalog of fine violins, violas, cellos and bows. The collection includes over 50 master-crafted violins and many bows by European masters, with instruments and two cellos crafted by Hans and Nancy Benning.
Up close to feature in two Van der Aa portrait concerts
vanderaa.net
Michel van der Aa’s Up-Close for cello, string ensemble and film is set to be performed in two composer portrait concerts in the Netherlands. The works on the program include Imprint, Memo, and Oog. The Amsterdam performance is on 8 November at Muziekgebouw aan ’t IJ, with a second show at the ’s-Hertogenbosch November Music Festival three days later, featuring Kaori Yamagami as solo cellist alongside Jacobien Rozemond (violin) and Örs Köszeghy (cello).
Fitzwilliam Museum and Art Fund secure Nicholas Poussin masterpiece
cadogantate.com
The Fitzwilliam Museum and the Art Fund secured Nicholas Poussin’s Extreme Unction (1638-40) for £3.9 million, supported by a £3 million Heritage Lottery Fund grant and almost £1 million in public donations. The painting, previously at risk of leaving the country, will become part of the museum’s permanent collection with plans for a touring exhibition and enhanced digital resources for scholars.
Stradivarius dealer gets six years for embezzlement
tokostoronline.blogspot.com
Dietmar Machold, a Stradivarius dealer, was sentenced to six years in prison for embezzlement after building a Bremen-based business with branches in Zurich, Vienna, New York and Chicago. The case involved claims from creditors and clients who said they were bilked while the business collapsed in 2010.