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February 2014 Market Intelligence

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Fine art

The picture (blue star) by Joan Miró goes under the hammer at Sotheby’s in London setting a new record

bashny.net

Joan Miró's painting The picture (blue star) sold at Sotheby’s in London for 23.6 million pounds, surpassing its estimate and setting a new record for the artist. The work, created in 1927 and part of Miró's blue-dominated dream cycle, was previously sold for 11.6 million euros in Paris in 2007. The sale marks the most expensive artwork auctioned by Sotheby’s in the year.

Fine art

Banksy’s ‘Kissing Coppers’ auctioned for US$575,000

taipeitimes.com

Banksy’s Kissing Coppers, a black-and-white stencil of two police officers kissing, sold for US$575,000 at a Miami auction. The piece was purchased by an anonymous telephone bidder and originated from the Prince Albert Pub in Brighton, England, in 2005. It was auctioned along with Bandaged Heart Balloon and Crazy Horse Car Door as part of Banksy’s works from a month-long street residency in New York City.

Fine art

Explosive fine art prices: paying £42m for Francis Bacon's lover

ibtimes.co.uk

Francis Bacon's Portrait of George Dyer Talking sold for £42m at Christie's post-war and contemporary auction in London, setting a record for a single-panel Bacon. The painting contributed about a third of Christie's total auction sales of £124m that night. Two Christie's specialists competed via phone bidding on behalf of clients, with the winner an anonymous US buyer.

Fine art

Banksy work Kissing Coppers auctioned for US$575,000 in Miami

malaymail.com

Banksy created Kissing Coppers, a black-and-white stencil of two British police officers kissing, was sold for US$575,000 at a Miami auction. The sale was conducted by Fine Art Auctions Miami and the piece was purchased by an anonymous telephone bidder.

Fine art

Gerhard Richter and Cy Twombly top auction block at Sotheby’s

news.artnet.com

Gerhard Richter Wand (Wall), 1994 sold for £17.4 million ($29.2 million) and Cy Twombly Untitled (Rome), 1964 set an artist record, as paintings by Gerhard Richter and Cy Twombly led Sotheby’s Contemporary evening sale in London on February 12, with total sales near £88 million ($147.3 million).

Fine art

The Art Market safe bets vs rising stars

ft.com

Gerhard Richter’s ‘Abstraktes Bild 776-1’ (1992) is noted, with a sale led by Phillips’ £10.9m sale and a Lucien Smith painting selling for £194,500, amid discussions of rising stars like Lucien Smith and Oscar Murillo and blue-chip names such as Warhol, Bacon, Basquiat, Freud and Fontana.

Fine art

Francis Bacon George Dyer Talking portrait sells for £42.2m to set European record

independent.co.uk

Francis Bacon's George Dyer Talking portrait sold for £42.2 million at Christie's, setting a European auction record. The 6ft tall canvas depicts Bacon's former lover George Dyer and surpassed the pre-sale estimate of around £28 million. Damien Hirst's Mickey sculpture sold for £902,500 as part of the same Christie’s Post War And Contemporary Art auction.

Fine art

Francis Bacon work sells for $70 million at Christie’s auction

nytimes.com

Francis Bacon’s Portrait of George Dyer Talking, a 1966 canvas, sold for $70 million at Christie’s in London. The work had previously sold in 2000 for $6.6 million and was sold by David Martinez; the sale contributed to Christie’s total of $206.1 million for the evening. The triptych Three Studies of Lucian Freud, a different Bacon work, had set a record earlier in New York for $142.4 million.

Fine art

Gerhard Richter Wand (1994) sells for £17.4 million at Sotheby’s London sale

paulfrasercollectibles.com

Gerhard Richter Wand (1994) sold for £17.4m ($28.7m) at Sotheby’s contemporary art evening sale in London, exceeding its £15m ($25m) estimate by 16%. The work is cited as one of Richter’s finest and has appeared in 21 exhibitions, with this being its first auction sale. Cy Twombly record auction also noted in the report.

Milwaukee symphony concertmaster relieved stolen violin worth $5 million recovered in good shape

globalnews.ca

The article reports that Frank Almond, the concertmaster of the Milwaukee Symphony Orchestra, said the 300-year-old Stradivarius violin worth $5 million recovered in nine days after being stolen is in good shape aside from some cosmetic issues. The instrument was stolen after Almond finished a Jan. 27 performance and recovered from an attic; two men have been charged in connection with the robbery.

Lipinski Stradivarius violin heist ends on sour note for suspects

cbsnews.com

The Lipinski Strad, a 300-year-old Stradivarius violin valued at about $5 million, was stolen during a January concert in Milwaukee. Frank Almond, the violin’s owner, describes the moment of the theft and its emotional impact, while Milwaukee Police Chief Ed Flynn notes the police pursuit and eventual recovery of the instrument two days later from an attic. Two suspects, Universal Knowledge Allah and Salah Salahadyn, were in custody following the incident.

Milwaukee police recover 300-year old Stradivarius violin

irishexaminer.com

A 1715 Stradivarius violin built by Antonio Stradivari valued at $5 million (€3.6 million) was recovered in Milwaukee after being stolen from a concert violinist. It was found hidden in a suitcase in the attic of a man who did not know the instrument was there; three people were arrested in connection with the case.

Fine art

Getty acquires early drawing by Georges Seurat

getty.edu

Georges Seurat's early drawing Indian Beggar (c. 1878–79) was purchased at auction by the J. Paul Getty Museum from the Krugier collection. The museum emphasizes the work as a pivotal early achievement and notes it complements existing Seurat holdings, including Madame Seurat, the Artist’s Mother; Poplars; and Woman Strolling.

Fine art

Sotheby’s London breaks record with Pissarro and Van Gogh at auction

economictimes.indiatimes.com

Camille Pissarro's Boulevard Montmartre, matinee de printemps (1897) sold for a record £19.9/$32.1 million at Sotheby’s London Impressionist & Modern Art Sale. Vincent van Gogh's L'Homme est en mer (1889) sold for £16.9 million/$27.5 million in the same sale.

Stolen violin valued at $5 million found hidden in attic

telegraph.co.uk

The Telegraph reports that a Stradivarius violin built in 1715 by Antonio Stradivari, valued at $5 million, was found hidden in an attic in Milwaukee. Three people were arrested in connection with the heist, which involved the theft from a concert violinist during an armed robbery.

Stolen 300 year old Stradivarius violin recovered in Milwaukee

ndtv.com

The 300-year-old Lipinski Stradivarius violin, stolen from Milwaukee Symphony Orchestra concertmaster Frank Almond, was recovered from a suitcase in a Milwaukee house attic and will be inspected by experts. The violin, made in 1715 and on loan to Almond since 2008, has a fair replacement value of $5 million for insurance purposes.

Art thief among 3 arrested in theft of multimillion-dollar violin

globalnews.ca

The Associated Press reports that three people were arrested in connection with the theft of a Stradivarius violin valued at $5 million in Milwaukee. The instrument, built in 1715 by Antonio Stradivari, was recovered from a man's attic; the thief had previously stolen a statue from a gallery. Milwaukee Police Chief Ed Flynn described the investigation as involving a local criminal with an interest in art theft.

Fine art

The Art Market: Sotheby’s Impressionist and modern art auction scores £163.5m

ft.com

The Art Market: Sotheby’s Impressionist and modern art auction scores £163.5m reports that Sotheby’s achieved £163.5m in an auction, led by 37 works from Jan Krugier’s private collection and a notable sale of Camille Pissarro’s Le Boulevard Montmartre (1897) at £19.7m. The Pissarro piece exceeded its £7m-£10m estimate, and the sale reflected strong bidding and positive sentiment in the market.

Stolen 300-year-old Stradivarius found in suitcase

irishtimes.com

The 300-year-old Stradivarius violin stolen from the Milwaukee Symphony Orchestra’s concertmaster was recovered after being displayed for the media in Milwaukee, Wisconsin. The item was involved in an armed robbery in which the thieves incapacitated the owner with a stun gun following a concert.

Art thief among 3 arrested in theft of Stradivarius violin in Milwaukee

ctvnews.ca

Dinesh Ramde and M.L. Johnson report for the Associated Press that Milwaukee police recovered a 1709 La Pucelle Stradivarius valued at $5 million and arrested three people connected to the heist, which involved a stun gun attack on a concert violinist. The instrument was found hidden in a suitcase in the attic of a man unaware it was there.

Missing 300 year old violin worth millions of dollars found in Milwaukee

duluthnewstribune.com

Frank Almond was the violinist from whom the Lipinski Stradivarius was stolen. The 1715 Lipinski Stradivarius, a Stradivarius violin worth millions, was found in Milwaukee and is in good condition; a suspect raid led to arrests, and a $100,000 reward was offered for information. The instrument is on loan to Almond and was insured with a replacement value of $5 million.

More Than A Week After it Was Stolen, $5M Violin Found in Attic

nbcnews.com

The piece reports that a 300-year-old Stradivarius known as the Lipinski Stradivarius or the Solomon, Ex-Lambert, valued at $5 million, was recovered and found in an attic in Milwaukee after being stolen from concertmaster Frank Almond during a Jan. 27 performance. Three suspects were arrested, and the instrument was returned to its owner with charges expected to be filed.

Stolen 300-year-old Stradivarius violin recovered in Milwaukee

today.com

The Lipinski Stradivarius, a 1715 Stradivari violin stolen during an armed robbery, has been recovered from a Milwaukee house attic and will be inspected by experts before return. Milwaukee police and authorities provided details, including suspects arrested and a $100,000 reward for information leading to the violin's safe return.

Stolen 300-year-old Stradivarius violin recovered in Milwaukee

today.com

Reuters reports that a 300-year-old Lipinski Stradivarius violin, on loan to Milwaukee-area musician Frank Almond, was recovered in Milwaukee after an armed robbery. The instrument, made in 1715, was found in a suitcase in a south Milwaukee home attic; three suspects were arrested. The violin’s owner is unspecified and the instrument is expected to be returned soon; replacement value cited as about $5 million.

Fine art

Vente record à Londres emmenée par une œuvre de Juan Gris et d’autres chefs-d’œuvre au programme

rtbf.be

Juan Gris, Nature morte à la nappe à carreaux (1915), vendu 34,8 millions de livres (41,8 M d'euros) battant le record mondial pour l’artiste; Picasso, Femme au costume turc dans son fauteuil (1955) vendu 16,88 millions de livres (20,29 M d'euros). D’autres pièces de Le Corbusier, Carlo Carrà et Dorothea Tanning ont aussi établi des records; Magritte et Léger ont aussi des ventes marquantes; Giacometti et Mondrian complètent les résultats, tandis que 85 œuvres de Joan Miró ne seront pas proposées.

Fine art

Paintings by modern masters Juan Gris and Pablo Picasso fetch record price at auction

smh.com.au

Nature morte à la nappe à carreaux by Juan Gris sold for £35 million, a world record for the artist and for any Cubist work at Christie’s London. Picasso’s Femme au costume turc dans un fauteuil sold for £17 million. The sale's total exceeded £177 million at Christie’s London Impressionist, Modern and Surrealist Art auction.

300-year-old stolen Stradivarius violin found

torontosun.com

A 300-year-old Stradivarius violin stolen in Milwaukee was recovered by police and returned to its owner. The instrument, known as the Lipinski Stradivarius, was made in 1715 and was on loan to Frank Almond before the theft.

Milwaukee police confirm Stradivarius violin recovered

theguardian.com

The Guardian article reports that Milwaukee police confirmed the recovery of the Lipinski Stradivarius, a $5 million Stradivarius violin. The instrument, played by Frank Almond of the Milwaukee Symphony Orchestra since 2008, was stolen in January and found in a suitcase in an attic; three suspects were arrested.

Fine art

Juan Gris nature morte smashes artist record by 98 percent

paulfrasercollectibles.com

Juan Gris' Nature morte a la nappe a carreaux (1915) sold for £34.8m ($56.6m) at Christie's Impressionist and Modern Art Evening Sale in London, setting a new record for the artist's work at auction. The sale also featured Picasso's Femme au costume turc dans un fauteuil (1955), Mondrian's Composition No. II with Blue and Yellow (1930), and Giacometti's Trois hommes qui marchent I (1951).

Fine art

Auction record smashed for Spanish cubist artist Gris

en.tengrinews.kz

Juan Gris's Cubist still life Nature Morte a la Nappe a Carreaux sold for £34.8 million at a London sale, smashing the auction record for the Spanish artist. The piece, from 1915, depicts objects on a checked tablecloth and had pre-sale estimates of £12-18 million. The report also notes other top lots and the cancelled sale of 85 Joan Miró works due to a Portuguese legal dispute.

Stolen Stradivarius violin believed to be recovered, say Milwaukee police

bbc.co.uk

The Milwaukee Police say they believe a rare Stradivarius violin valued at $5 million has been recovered after a theft from a symphony concertmaster. Arrests have been made in connection with the case, and investigators are seeking to confirm the instrument’s authenticity. The Lipinski Strad, built in 1715 by Antonio Stradivari, was formerly owned by Karol Lipinski and Giuseppe Tartini.

Lipinski Stradivarius violin theft: Milwaukee Journal Sentinel reporter Ashley Luthern notes $100,000 reward announced in Stradivarius theft

art-crime.blogspot.com

The report covers the theft of the Lipinski Stradivarius violin from Frank Almond, Milwaukee Symphony Orchestra concertmaster, with a $100,000 reward announced. The instrument, built in 1715 by Antonio Stradivari, has a history of ownership including Giuseppe Tartini and Karol Lipinski, and has been on loan to Almond since 2008.

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