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December 2017 Market Intelligence

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Fine art

Qi Baishi paintings set new $141m record for Chinese artist

artnews.conteart.com

Qi Baishi paintings set new $141m record for Chinese artist. The 12-panel ink-brush landscape set by Qi Baishi sold at Poly Auction Beijing for RMB931.5m ($141m), marking the highest auction price for a Chinese artist. The sale was part of Poly’s 12th Anniversary Sale at the Four Seasons Hotel Beijing, with other top lots including works by Cui Ruzhuo, Wu Changshuo, Zhao Mengtiao, and Li Keran.

Fine art

Newly discovered Artemisia Gentileschi painting sells for €2.4m at auction in Paris

artnews.conteart.com

Artemisia Gentileschi's Self-Portrait as Saint Catherine sold at Drouot in Paris for €2,360,600 (hammer €1.850m) with an estimate of €300,000-€400,000. The work dates to 1614-1616 and was discovered by auctioneer Christophe Joron-Derem; it is among several rediscoveries by the artist, including Magdalen in Ecstasy which sold at Sotheby’s Paris in 2014 for $1,179,832.

Fine art

Art historian finds missing Monet painting through a Google search

hyperallergic.com

Claude Monet, Effet de Brouillard (1872), was believed missing and surfaced to be shown in a National Gallery London exhibition after art historian Richard Thomson located it via Google search; the painting had previously circulated through an attorney sale in New Orleans and was sold in London in 2007 at Christie’s for £412,000 (~$550,000). The work was historically associated with Galerie Durand-Ruel and last exhibited in 1895 at Durand-Ruel Galleries in New York.

Walsworth obtains $27 million verdict in The Great Violin Caper breach of contract case

walsworthlaw.com

This article covers a Ventura County jury verdict of $27 million in a case titled The Great Violin Caper, involving defendants Museum of Global Antiquities and its president and alleging fraud and breach of contract related to purchasing valuable violins. The plaintiffs were awarded $20,585,000 (including punitive damages) plus $6,639,492 related to five promissory notes; the scheme allegedly involved loans and investments totaling several millions and non-existent violins attributed to the Stradivari family. The plaintiffs were represented by Anna Greenstin Kudla and John A. Kaniewski of Walsworth.

Fine art

Katz – Kummerlé (B) Restitutiecommissie recommends restitution for three NK paintings

restitutiecommissie.nl

The Restitutiecommissie issued RC 1.132-B regarding Katz – Kummerlé (B) and recommended restitution for three NK collection paintings: Woman Kneeling by a Bed of Tulips (NK 3754), Coastal Landscape by Pieter van der Croos (NK 3753), and Bathseba after the Bath, circle of Jan Steen (NK 3752). The paintings were part of the Netherlands Art Property Collection after being handed back by Germany on 4 March 2012; the report concerns the 8 May 2012 application by heirs of Abraham Katz for restitution.

Fine art

My highlight of 2017, Zao Wou-Ki’s 29.09.64

christies.com

Zao Wou-Ki’s 29.09.64, painted in 1964, sold for HK$152,860,000 at Christie’s Hong Kong on 27 May 2017. The article discusses the painting’s reappearance after being considered missing and the auction result that set a word-auction record for the artist.

Fine art

‘My highlight of 2017’ , Leonardo’s Salvator Mundi

christies.com

Leonardo da Vinci, Salvator Mundi, circa 1500, sold for $450,312,500 at Christie’s New York on 15 November 2017. The sale set a record for auctioned art and was described as a historic rediscovery in Christie’s coverage.

Fine art

Re-discoveries lead London Old Master auctions

artnews.conteart.com

The article discusses Rembrandt works and authentication issues, including Petronella Buys and her pendant portrait, and reports on auction results such as a Rembrandt sold for £3.4m and Joseph Wright of Derby’s An Academy by Lamplight selling for £7.3m, along with a newly discovered John Constable work, The Opening of Waterloo Bridge (Whitehall Stairs, June 18th 1817).

Fine art

Louvre Abu Dhabi to exhibit da Vinci’s Salvator Mundi

moralcompasstravel.info

Leonardo da Vinci’s Salvator Mundi, acquired by Abu Dhabi’s Department of Culture and Tourism, will be exhibited at Louvre Abu Dhabi alongside La Belle Ferronnière, loaned from the Louvre in Paris. The painting sold for $450.3 million at Christie’s in mid-November, making it the most expensive painting in history.

Fine art

Abu Dhabi to acquire Leonardo da Vinci's Salvator Mundi: Christie’s | Reuters

reuters.com

The report states that Christie's said Abu Dhabi's Department of Culture and Tourism is acquiring Leonardo da Vinci's Salvator Mundi, which sold for $450.3 million. It references a Wall Street Journal report about MbS being identified as the buyer in U.S. intelligence reports, which a Saudi official denied.

Fine art

Saudi Arabia’s US Embassy weighs in on fate of Leonardo da Vinci’s Salvator Mundi

news.artnet.com

Leonardo da Vinci’s Salvator Mundi is discussed as potentially being purchased by Prince Bader bin Abdullah bin Mohammed on behalf of the TDIC, with the Saudi embassy confirming the prince acted as intermediary purchaser for a hammer price up to $500 million, and the final price potentially reaching $562.5 million with buyer’s premium.

Fine art

Saudi prince revealed as buyer of Leonardo da Vinci’s Salvator Mundi

artnews.conteart.com

The article reports that the buyer of Leonardo da Vinci’s Salvator Mundi is Saudi Prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud, who purchased the work for $450.3 million. The piece references the New York Times and discusses implications for Saudi Arabia’s elite and the wider political context surrounding Crown Prince Mohammed bin Salman.

Fine art

Louvre Abu Dhabi claims ownership of Salvator Mundi by Leonardo da Vinci

hyperallergic.com

The article discusses Louvre Abu Dhabi claiming the Salvator Mundi painting is owned by the Abu Dhabi Department of Culture and Tourism, with reports linking the purchase to various Saudi figures. It notes Reuters confirming UAE ownership and describes initial reporting by major outlets such as the New York Times and Wall Street Journal. The piece mentions the painting’s potential display at Louvre Abu Dhabi and contextualizes the surrounding rumors and marketing.

Fine art

We acquired Leonardo's Salvator Mundi, Abu Dhabi says

theartnewspaper.com

Leonardo's Salvator Mundi is reported by Louvre Abu Dhabi to have been acquired for display in the new museum, with conflicting reports about the buyer being linked to Saudi Arabia. The article references previous reports from The Wall Street Journal and The New York Times identifying a Saudi connection and notes the work will be shown alongside La Belle Ferronnière.

Fine art

World's most expensive painting to be displayed at Louvre Abu Dhabi

thenationalnews.com

The National reports that Leonardo da Vinci's Salvator Mundi, which recently sold for $450 million, is to be displayed at Louvre Abu Dhabi. The piece is one of fewer than 20 known da Vinci paintings and was bought by a Saudi prince, with the sale setting a record for art auction prices.

Fine art

Leonardo painting heading to new Louvre museum, worth $450 million

apnews.com

The Leonardo da Vinci painting Salvator Mundi sold for $450 million to an anonymous buyer and is headed to a new Louvre Abu Dhabi museum. The work, one of fewer than 20 by Leonardo and the only one in private hands, was announced by Louvre Abu Dhabi; Christie’s previously sold it, and the buyer’s identity remains undisclosed. The previous record price for a artwork was $300 million for Willem de Kooning’s Interchange.

Fine art

Buyer of 450 million Leonardo da Vinci painting is a Saudi prince

bostonglobe.com

The buyer of Leonardo da Vinci's Salvator Mundi, reportedly purchased for 450.3 million dollars, is Bader bin Abdullah bin Mohammed bin Farhan al-Saud, a Saudi prince. The purchase is linked to palace intrigues involving Mohammed bin Salman and comes amid a sweeping corruption crackdown in Saudi Arabia.

Fine art

Saudi prince identified as buyer of $450.3 million Leonardo painting Salvator Mundi

hyperallergic.com

Leonardo da Vinci, Salvator Mundi (ca 1500), oil on panel, was purchased for $450.3 million. The buyer was Prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud, identified by David Kirkpatrick of the New York Times. The piece notes Prince Bader's connections and roles in Saudi business, media, and governance, and mentions that the painting will resurface at Louvre Abu Dhabi, with the Louvre Abu Dhabi later announcing acquisition by its Department of Culture and Tourism.

Fine art

Sotheby’s Market Update: Jacques Grange Collection Soars to €28.4 million in Paris

Sotheby’s

Sotheby’s documents the market development behind Jacques Grange Collection Soars to €28.4 million in Paris. Its account reports that sotheby’s two-day auction of the personal collection of renowned French interior designer Jacques Grange drew to a close in Paris this week with a total of €28,387,150 / $33,323,392.

MdV successo per Cremona a Firenze in occasione di String City. Stradivari davanti al David

welfarenetwork.it

The article reports on Cremona’s involvement in Strings City in Florence, highlighting violinist Kristof Baráti performing Stradivari’s violin in front of Michelangelo's David at the Gallerie dell’Accademia. It quotes Cremona’s mayor Gianluca Galimberti and mentions attendees including Cristina Giachi, Tommaso Sacchi, and Cecilia Hollberg; the instrument used is Stradivari ‘Lam, ex Scotland University’ 1734, loaned by Eva and Arthur Lerner-Lam to the Museo del Violino.

MDV Cremona and Stradivari protagonists at Strings City Firenze

welfarenetwork.it

The article reports that Cremona and the Museo del Violino participate in Strings City, a festival across Florence. On Sunday December 3, 2017, Hungarian violinist Kristóf Baráti will perform with the Antonio Stradivari violin ‘Lam, ex Scotland University’ 1734, on loan from Eva and Arthur Lerner-Lam, at the Galleria dell’Accademia in Florence beside Michelangelo’s David. The event links Cremona’s craftsmanship with Florence’s cultural heritage.

Fine art

An SFMOMA love affair: Robert Rauschenberg and Phyllis Wattis

sfmoma.org

This article discusses Phyllis C. Wattis and her influence on SFMOMA, including her support for the acquisition of Robert Rauschenberg works and the Erasing the Rules retrospective dedicated to Wattis. It references Rauschenberg and Wattis in relation to the museum’s expansion and collection, and mentions the exhibition Robert Rauschenberg, May 5–September 7, 1999; photo: © 1999 Sidney B. Felsen.

Oundjian's Brahms disappoints in Edinburgh

bachtrack.com

The review at Usher Hall in Edinburgh on 1 December 2017 discusses Peter Oundjian conducting, with Augustin Hadelich as violin soloist, along with Sarah-Jane Brandon and Roderick Williams, RSNO Chorus, and the Royal Scottish National Orchestra. The programme includes Fauré Pavane in F sharp minor, Op.50; Dvořák Violin Concerto in A minor, Op.53; and Brahms Ein deutsches Requiem, Op.45.

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