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August 2017 Market Intelligence

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Fine art

Spiegel Collection Photographs Head to Christie’s October Auction

Christie’s

After Christie’s May sales of Post-War and Contemporary works from Emily and Jerry Spiegel, the house announced a dedicated October photography auction from their 100-plus-work collection, with published estimates up to $700,000.

Violin signed by Paul McCartney and Celine Dion goes to auction block

lohud.com

The article discusses a six-string Tucker Barrett Luma electric violin owned by Paul Peabody, featuring autographs from Paul McCartney, Celine Dion, Natalie Cole, Sting, Willem Dafoe, Kevin Kline, Phoebe Cates, and others. The instrument is on display at Beast With a Million Eyes Art Gallery in Nyack, with a silent auction closing September 13, and a certificate of authenticity.

Fine art

Stolen Willem de Kooning painting found in New Mexico antiques store

geneseorepublic.com

The headline reports that a Willem de Kooning painting, Woman-Ochre, stolen from the University of Arizona Museum of Art, was recovered after being found in an antiques store in Silver City, New Mexico. The article mentions David Van Auker, Buck Burns, and Rick Johnson of Manzanita Ridge Furniture & Antiques who purchased the painting at an estate sale and later returned it; the painting was valued at about $100 million. The story notes corrections about the antiques shop owner's name and states the painting was looted in 1985 and recovered recently.

Fine art

Stolen de Kooning returned to Arizona museum after nearly thirty-two years

artforum.com

The painting Woman-Ochre by Willem de Kooning, stolen from the University of Arizona Museum of Art, was returned after nearly 32 years. David Van Auker purchased furnishings from a home where the painting was hidden and notified the museum and the FBI; Meg Hagyard commented on the significance of the recovery.

Parksville man may have had a special violin

amnews.com

The article reports a Parksville man who bought a violin in 1910 and believed it might be made by Antonio Stradivarius. It notes the instrument was later examined and associated with Antonius Stradivarius, with discussion of the maker's life and the instrument’s potential value compared to other Stradivarius violins.

Cello played at court of King Louis XVI now impressing audiences in regional WA

abc.net.au

The article reports that a cello, dating to the 18th century and once used at the court of King Louis XVI, is now in Australia, loaned to solo cellist Michael Goldschlager who teaches at WAAPA. It provides history about the instrument, including its maker and royal provenance, and notes Goldschlager’s storytelling about its past and travel arrangements.

Fine art

Willem de Kooning painting stolen in 1985 returns to UA

azbigmedia.com

Willem de Kooning’s Woman-Ochre, stolen in 1985, has been returned to the University of Arizona Museum of Art by a Good Samaritan from New Mexico. Preliminary authentication confirms the work as de Kooning’s, and museum staff retrieved it from Silver City and brought it to Tucson.

Fine art

Priceless de Kooning painting recovered 31 years after being ripped from University of Arizona gallery

eu.indeonline.com

The stolen de Kooning Woman-Ochre painting, looted 31 years ago from the University of Arizona Museum of Art, has been recovered. Preliminary authentication confirms the artwork as Woman-Ochre by Willem de Kooning, with UA officials saying the FBI is investigating. The painting was found in an antiques shop in Silver City, New Mexico, and was traced after the store owner reported it following an estate-sale inquiry.

Woman caught trying to pawn £200,000 stolen violin for £50

standard.co.uk

The London Evening Standard reports that Dawn Henry, 37, attempted to sell a stolen 18th-century violin worth £200,000 at a Cash Converters shop for £50, two days after it was stolen from violinist Krysia Osostowicz. The instrument, made in Venice and valued at £175,000, was stolen from Osostowicz outside Brixton Tube station; the case and bows were valued separately at £600 and £24,500 respectively.

Fine art

Sotheby’s boosts private sales but loses ground on auctions in first half of 2017

news.artnet.com

Sotheby’s reported a 2 percent drop in aggregate auction sales for the first six months of 2017, to $2.41 billion, while private sales rose 34 percent to $333.8 million. Consolidated sales total was $2.83 billion, up 4 percent year over year. Sotheby’s noted strong growth in contemporary art, including a 37 percent rise in contemporary sales to $701.4 million and a higher rate of $3 million-plus lots, with Basquiat’s Untitled achieving a notable hammer price in May.

Rubato da albergo riccionese il violino di Benito Mussolini

ticinonews.ch

The Italian news story reports that a violin once owned by Benito Mussolini was stolen from an hotel in Riccione, Rimini. The instrument was kept in an antique cabinet in the owner’s office at the Promenade hotel, and valued near 400,000 euros. The owner, Gabriele Fabbri, filed a report with the Carabinieri, who are investigating; the thieves gained entry through a back door after forcing it. A Ming dynasty porcelain head was left behind, which helped raise the owner’s suspicions about the violin’s authenticity.

Fine art

Ninth Circuit applies the Holocaust Expropriated Art Recovery Act of 2016 to revive previously dismissed Nazi-era art appropriation case

wilmerhale.com

David W. Bowker is the author of the client alert about the Ninth Circuit applying the Holocaust Expropriated Art Recovery Act of 2016 to revive a Nazi-era art appropriation case in Cassirer v. Thyssen-Bornemisza Collection Foundation, 2017 U.S. App. LEXIS 12265 (9th Cir. Cal. July 10, 2017). The article discusses the district court’s dismissal in 2015 and the Ninth Circuit’s decision to revive the case, with implications for Nazi-era art litigation.

Fine art

Edward Albee Foundation Sends More Than 100 Works to Sotheby’s

Sotheby’s

The Edward F. Albee Foundation prepared more than 100 works from the playwright’s collection for a dedicated Sotheby’s New York auction, spanning Impressionist and avant-garde art, African sculpture, American post-war painting and prints.

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