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May 2015 Market Intelligence

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BREAKING Ji Young Lim awarded 1st prize at Queen Elisabeth Competition

theviolinchannel.com

Ji Young Lim, a 20-year-old from South Korea, won first prize at the 2015 Queen Elisabeth International Violin Competition. Second and third prizes went to Oleksii Semenenko and William Hagen; other prize recipients included Tobias Feldmann, Stephen Waarts, and Fumika Mohri. Lim will receive 25,000 euros (USD 31,000), a CD recording, concert engagements, and four years use of the Huggins Stradivarius on loan from the Nippon Music Foundation.

Fine art

First painting restituted from Gurlitt hoard goes up for auction

news.artnet.com

Max Liebermann’s Two Riders on a Beach (1901) from the Cornelius Gurlitt hoard is set to go to auction at Sotheby’s in London on June 24, with an estimated price up to £500,000 ($850,000). The work was restituted to the Rosenburg family and is one of the first two paintings restituted from the Gurlitt trove; the other is Matisse’s Woman with a Fan (1932).

Fine art

The Tale of a Russian Genius, the Battle Over His Art, and a $40M Painting

observer.com

The article covers Kazimir Malevich’s Suprematism, 18th Construction (1915), with an estimated price range of $30 million to $45 million. It describes the painting’s provenance, its display history, and its sale prospects at Sotheby’s in London, noting a past high sale of another Malevich work for $60 million in New York.

Fine art

Mondrian sells for $50.6 million, a new record, at Christie’s $202.6 million Impressionist-Modern sale

artnews.com

Piet Mondrian’s Composition No. III, with Red, Blue, Yellow, and Black (1929) sold for $50.6 million, a new record for the artist, at Christie’s Impressionist and Modern sale in New York that totaled $202 million. Constantin Brancusi’s La muse endormie I (1909–10/executed 1912) sold for $9.13 million; Brett Gorvy and Amy Cappellazzo were prominent bidders, with the final sale at $50.6 million with buyer’s premium.

Fine art

Germany returns first work from Gurlitt hoard

theartnewspaper.com

Henri Matisse’s Femme assise dans un fauteuil was returned to the heirs of Paul Rosenberg. The work was part of Cornelius Gurlitt’s collection discovered in 2012. The restitution also involves several other pieces identified for return by a provenance Task Force.

Fine art

Nazi art trove: Matisse painting returned to Jewish owners

nbcnews.com

Henri Matisse’s 1921 Seated Woman, once owned by Jewish art dealer Paul Rosenberg and looted during the Nazi era, was restituted to Rosenberg’s heirs after being found in a Munich storage facility; the restitution also included Max Liebermann’s Two Riders on a Beach to another family. The story notes the discovery of works in the Gurlitt trove and ongoing restitution efforts.

Fine art

Matisse from Gurlitt collection is returned to Jewish art dealer’s heirs

nytimes.com

The article discusses how Matisse’s painting Femme Assise from the Gurlitt collection was returned to the heirs of the Jewish art dealer Paul Rosenberg. Christopher A. Marinello, a lawyer, helped recover the work on behalf of Elaine Rosenberg, a descendant of Rosenberg, after negotiations with German authorities.

Violinist Francisco Garcia Fullana relishes two priceless instruments

music.usc.edu

The article discusses Francisco Garcia Fullana, a USC Thornton School of Music student, who studies with Midori Goto and plays a 1679 Pietro Guarneri on loan from the Stradivari Society while recently receiving a 1697 Antonio Stradivarius “Rainville” on loan after winning the 2015 Munetsugu International Violin Competition in Nagoya, Japan.

Fine art

Picasso artwork leads Christie’s sale with record $179 million

irishexaminer.com

Picasso’s Women of Algiers (Version O) and Giacometti’s Pointing Man led Christie’s Looking Forward to the Past sale, with Picasso’s piece selling for $179,365,000 and Giacometti’s for $141,285,000; the sale total was $706 million with 34 of 35 lots sold. Other notable highlights included Peter Doig’s Swamped at nearly $26 million, Monet’s The Houses of Parliament, At Sunset at $40.5 million, and Mark Rothko’s No. 36 (Black Stripe) at $40.5 million.

Fine art

2 Nazi looted paintings from Gurlitt collection cleared for return to heirs

jta.org

The Matisse painting Woman Sitting in an Armchair and Max Liebermann painting Two Riders on the Beach from the Gurlitt collection were cleared for return to heirs of Jewish owners by a Munich District Court. The artworks were among the most valuable in the Gurlitt collection, which is valued at about $1.26 billion and originated from a tax evasion investigation; the owners’ heirs may retrieve the paintings this week.

Fine art

A Picasso sold for a record US$179m at Christie’s in New York

theguardian.com

Pablo Picasso’s Women of Algiers (Version O, 1954-55) sold for US$179m at Christie’s in New York, setting a new auction record. The article discusses the high-end art market, cultural value versus monetary value, and mentions artists such as Francis Bacon and others in context. The piece is by Andrew Frost and appeared in The Guardian.

Fine art

Picasso painting sells at auction for world-record $179 million

dallasnews.com

Pablo Picasso's Women of Algiers (Version O) sold for $179.365 million at Christie's, setting a world record for artwork at auction, while Alberto Giacometti's Pointing Man sold for $141.285 million. The sale totaled $706 million across 34 of 35 lots, with prices including the auction house premium.

Fine art

$179 million Picasso sets stratospheric record at Christie’s $705.9 million “Looking Forward” sale

news.artnet.com

Pablo Picasso’s Les Femme d’Algers (Version “O”), 1955 sold for $179.4 million at Christie’s New York, setting a record for the most expensive artwork sold at auction. Alberto Giacometti’s Pointing Man (1947) sold for $141.3–$141.7 million, the priciest sculpture ever sold at auction, as Christie’s total for Impressionist to contemporary art, “Looking Forward to the Past,” reached $705.9 million.

Fine art

Christie’s nets $705.8 million at Looking Forward sale led by Picasso and Giacometti record setters

artnews.com

Christie’s Looking Forward to the Past sale raised $705.8 million, with Picasso’s Les femmes d’Alger (Version ‘O’) selling for $179.3 million and Alberto Giacometti’s L’homme au doigt selling for $141.2 million, setting records. The sale also produced six new artist records including Peter Doig, Cady Noland, Jean Dubuffet, Diane Arbus, Chaim Soutine, and Giacometti, while Claude Monet’s Le Parlement, soleil couchant sold for $40.5 million.

Fine art

Post-Sale | ‘Looking Forward to the Past’ Christie’s Curated Evening Sale of Impressionist, Modern and Contemporary Art Achieves US$705,858,000

press.christies.com

The Christie's press release reports that Christie's Evening Sale Looking Forward to the Past achieved US$705,858,000, with Picasso’s Les femmes d’Alger, Version O selling for US$179,365,000 and Giacometti’s L’homme au doigt (Pointing Man) for US$141,285,000, both new records. It notes a 97% sell-through by lot and 99% by value, and mentions records for sculpture and multiple high-value lots.

Fine art

Picasso’s 1950s masterwork Les femmes d’Alger Version O at Christie’s Looking Forward to the Past, 11 May

christies.com

Pablo Picasso’s Les femmes d’Alger (Version “O”), 1955, oil on canvas, is highlighted as a peak of his oeuvre in Christie’s Looking Forward to the Past Evening Sale on 11 May. The article discusses Picasso’s engagement with Delacroix’s Femmes d’Alger, the influence of Delacroix, and the painting’s place alongside Picasso’s other masterpieces such as Les Demoiselles d’Avignon and Guernica.

Cellist Zuill Bailey in Williamsburg – The Listeners' Club

thelistenersclub.com

Zuill Bailey, the American cellist, performed Schumann’s Cello Concerto with the Williamsburg Symphonia in Williamsburg, Virginia. He plays a 1693 Matteo Gofriller cello formerly owned by Mischa Schneider of the Budapest String Quartet. The article mentions his roles at the University of Texas at El Paso and the Northwest Bach Festival, and references an encore of Bach’s Prelude from Suite No. 1 for Solo Cello.

Fine art

Sotheby’s stands alone and sweeps up $368.3m at Impressionist sales

theartnewspaper.com

Sotheby’s stands alone and sweeps up $368.3m at Impressionist and Modern sales; the sale total reached $368.3m and 49 of 64 lots sold, with Monet works contributing major prices, including Nymphéas (1905) at $54m won by George Wachter; Christie’s had moved its sale earlier, but Sotheby’s maintained its schedule.

Amati Magazine announces my new concerto

deborahpae.com

Deborah Pae reports that Amati Magazine of London published news about a new cello concerto titled "of radiances blossoming in expanding air" composed for Deborah Pae by Jeffrey Mumford. Pae mentions world premiere with the English Symphony Orchestra led by Kenneth Woods in London (2017-18 season) and a U.S. premiere with Phoenix conducted by Matthew Szymanski.

Violin from 1697 to arrive in Sarajevo

sarajevotimes.com

Alena Baeva will perform in Sarajevo with the Zagreb Philharmonic Orchestra at the National Theatre as part of the 21st Sarajevo Evening of Music. She will play the Molitor Stradivarius, a violin made by Antonio Stradivari in 1697, owned by a Russian collector.

Fine art

Picasso & Françoise Gilot: 'mano a mano'

Sotheby’s

Ahead of Sotheby’s May 5–6 Impressionist and Modern Art sales in New York, the house examines the artistic dialogue between Pablo Picasso and Françoise Gilot through works including Femme au chignon dans un fauteuil, Le Hibou noir and The Guardian.

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