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November 2015 Market Intelligence

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Fine art

Dealer’s Estate sues Nahmad Gallery seeking return of Modigliani portrait

news.artnet.com

Amedeo Modigliani painting Seated Man With a Cane (1918) is at issue in a New York lawsuit filed by the estate of a Paris art dealer against the Nahmad family. The suit seeks restitution of the $25 million Nazi-looted portrait, alleging the painting is controlled by the Nahmad-affiliated International Art Center and stored in a Geneva freeport.

Melbourne Symphony Orchestra musician Ceridwen Davies appeals for return of stolen viola

abc.net.au

Ceridwen Davies, a musician who regularly plays with the Melbourne Symphony Orchestra, appeals for the return of her stolen viola from her car in St Kilda West. The instrument has personal and professional significance, having been owned since 1998, and is identified by a sticker and an engraved bow by AR Sandner, with the case described as damaged. Davies is currently using a loaned viola while hoping for recovery.

Reward offered for stolen car with antique cello in trunk

cbsnews.com

CBS Los Angeles reports Glendale police seek help locating a stolen maroon 2007 Acura ATL with a valuable antique cello in the trunk. The cello, labeled Antonio Domenicelli Fecit en Ferrara 1714, is valued at more than $1 million and is owned by Cameron Stone, a Hollywood studio musician. A $1,000 reward is offered for information leading to recovery.

There’s good, disappointing and perhaps really good news about a reader’s Stradivarius violin

tri-cityherald.com

The Tri-City Herald piece discusses a reader’s claimed Antonius Stradivarius violin from 1744, labeled Made in Germany, and explores whether it is genuine or a reproduction. The article provides three categories of news about such instruments: Good News, Disappointing News, and Maybe Really Good News, starting with the case made by Lifton of New York and dating from 1920–1940, estimated at $500–$800 in excellent condition.

Fine art

Chinese billionaire Liu Yiqian buys Modigliani nude for 170 million at Christie's

cnbc.com

Liu Yiqian, the Shanghai museum founder, purchased Amedeo Modigliani's Nu Couché (Reclining Nude) for 170.4 million dollars at Christie's in New York. The hammer price was 152 million dollars before fees, making it the second-highest price for a Modigliani at auction. The sale drew attention to other big-ticket items and contributed to Christie's total hammer and buyer's premium figures for the evening.

Fine art

Modigliani nude painting fetches $170 million at auction in New York

bloomberg.com

Amedeo Modigliani's 1917 Nu Couche (Reclining Nude) sold at Christie’s for $170.4 million, setting a record for the artist at auction. The sale occurred during New York’s semiannual Impressionist and modern, postwar, and contemporary sales.

Fine art

Modigliani’s Nu couché (Reclining Nude) leads a night of records in New York

christies.com

Amedeo Modigliani’s Nu couché (Reclining Nude), painted in 1917-1918, led Christie’s New York sale The Artist’s Muse, realizing $170,405,000 with buyer’s premium. The work set five world auction records for the artist and became the second highest price ever paid at auction for a work of art; the Long Museum purchased the top lot of the evening.

Fine art

Modigliani painting sells for record $170.4 million at auction

france24.com

Amedeo Modigliani's 1917-1918 painting, known as Reclining Nude, sold at Christie's New York for $170.4 million, setting a world record for the artist and marking the second highest price at auction for any artwork. The sale occurred during an evening sale in New York, with the buyer remaining anonymous.

Fine art

Modigliani nude painting fetches record $170.4M in New York

csmonitor.com

A Medeo Modigliani nude painting titled Reclining Nude from 1917–1918 fetched $170.4 million at Christie's in Manhattan, setting a world record for the artist. The sale occurred in New York on November 9, 2015, and surpassed the previous Modigliani auction record of $71 million.

For Every Stradivarius violin discovered, there are many wannabes, fakes

newsweek.com

The Newsweek article discusses how many people find old violins believed to be Stradivari, with Stephanie Culp Smith discovering an instrument labeled Antonius Stradivarius Cremonensis; the piece notes authorities recovered Roman Totenberg's Stradivarius 35 years earlier and warns that genuine Stradivarius violins are rare and documented, with only about 650 believed to exist.

Fine art

Picasso portrait helps Sotheby’s put Taubman blues behind it

theartnewspaper.com

The Art Newspaper reports Sotheby’s Impressionist and Modern sale topped expectations after a Taubman sale earlier in the week, led by Pablo Picasso’s La Gommeuse (1901) sold for $67 million, a new Blue Period record. Other notable results included James Ensor’s Les Poissardes melancoliques (1892) at $7 million and Vincent van Gogh’s Le bébé Marcel Roulin (1888) at $7.6 million, with Paysage sous un ciel mouvementé (1889) selling for $54 million.

Fine art

Masterworks from Taubman Collection bring $377 million at Sotheby’s

antiquesandthearts.com

A. Alfred Taubman collection at Sotheby’s totaled $377 million, led by Amedeo Modigliani’s Portrait of Paulette Jourdain which sold for $42.8 million. Frank Stella’s Delaware Crossing sold for $13.7 million, Willem de Kooning’s Untitled XXI sold for $24.9 million.

Stolen alert: 2010 Cornelissen cello stolen in North Carolina

theviolinchannel.com

The Violin Channel reports a 2010 Marten Cornelissen cello stolen in Winston-Salem, North Carolina, on October 25. The instrument was valued at about US $40,000 and was in a silver Accord hard case with a Dacunha and an unlabelled cello bow inside; owner left it unattended outside the Renaldo House Museum of American Art.

1825 François Xavier Tourte bow sets world record auction price

limelight-arts.com.au

An 1825 silver and ebony mounted violin bow by luthier François Xavier Tourte sold at Beares in London for the equivalent of $288,960, the highest price ever paid for a bow at auction. The bow is believed to have been owned by Polish violinist Bronislaw Huberman and bears his engraved initials on the ferule. The same sale included 39 other musical items and the total raised exceeded $2.7 million.

New record set for world's most expensive violin bow

theviolinchannel.com

The Violin Channel reports Beares Auctions, London, set a world record for the most expensive violin bow sold at auction. The silver and ebony mounted bow by Francois Xavier Tourte was bought for US $288,960, and is believed to have been previously owned by Bronislaw Huberman, with BH engraved on the ferule.

This man fiddles with something worth $10m

timesofindia.indiatimes.com

This Times of India Jaipur article discusses Daniel Dodds, an Australian-born violinist and artistic director of Festival Strings Lucerne, who carries a 1717 Stradivarius violin worth upwards of Rs 65 crore and why such instruments are highly valuable and closely watched.

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