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February 2018 Market Intelligence

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Fine art

Christie’s London achieves 15 million euros for Picasso’s Mousquetaire et nu assis

artemagazine.it

Pablo Picasso’s Mousquetaire et nu assis (1967) sold at Christie’s in London for £13.7 million ($15.5 million). The painting was estimated at £12 million. Degas’s Dans les coulisses sold for £8.9 million, and Picasso’s Figure (1930) sold for £8.3 million. Monet’s Prairie à Giverny (1885) fetched £7.5 million. Christie’s total auction turnover that sale day was £149.5 million with 78% of lots sold. Sotheby’s would present Femme au béret et à la robe quadrillée (Marie-Thérèse Walter) on Feb 28 with an estimated $50 million.

Fine art

Picasso painting of a lover in a beret brings $69.4 million

nytimes.com

Pablo Picasso's 1937 painting Femme au Béret et à la Robe Quadrillée (Marie-Thérèse Walter) sold for £49.8 million with fees, about $69.4 million, at Sotheby’s in London. The sale was part of an 47-lot evening auction of Impressionist, modern and Surrealist art and was bought by a telephone bidder.

Fine art

Picasso portrait of his muse and future lover sells for record $69 million

dailysabah.com

Pablo Picasso's portrait of his muse Marie-Therese Walter with Dora Maar emerging from the shadows sold at Sotheby's in London for £50 million (€57 million, $69 million), a European auction record for a painting. The piece, dated 1937, is titled Femme au beret et a la robe quadrillee (Marie-Therese Walter).

Fine art

Discovery: a Russian avant-garde detective story

christies.com

Discovery: a Russian avant-garde detective story discusses how the painting Still Life with Teapot and Oranges, long believed to be by Mikhail Larionov, was reattributed to Natalia Goncharova after scholarship revealed the true authorship; the work was sold at Christie’s in November 2017 for £2.4 million.

Fine art

Artprice reports 2017 global art market growth with China leading the market

prnewswire.com

Artprice's 2017 Global Art Market Annual Report highlights the Top-500 artists by annual auction turnover, the Top 100 auction results, and the Artprice100 index, with China noted as the top marketplace at $5.1 billion and a global turnover increase of 20% in 2017. The report also mentions 502,900 artworks publicly sold in 2017 and an unsold rate of 34%. The full report is downloadable for free from Artprice.com.

Fine art

A Late Picasso Musketeer leads a healthy £149.6 million Impressionist & Modern sale at Christie’s London

news.artnet.com

Pablo Picasso, Mousquetaire et nu assis (1967) is highlighted as the top lot in Christie’s London Impressionist and Modern sale, selling for £13.7 million (low £12 million estimate). Edgar Degas, In the Wings (1882-85) is noted as the second top lot, previously bought in Paris in 1997 for £2.5 million and now guaranteed with an £8 million low estimate. The sale total reached £149.6 million, with 22% of lots unsold, and the event was part of a larger London auction fortnight expected to reach £782 million.

Fine art

Picasso’s final transformation

christies.com

Pablo Picasso’s 1967 work Mousquetaire et nu assis is highlighted as a late-career transformation where he depicts himself as a musketeer; the piece is offered in Christie’s London Impressionist and Modern Art Evening Sale on 27 February 2018 with an estimated £12,000,000–£18,000,000. The article also mentions Jacqueline, Picasso’s muse and wife, who accompanies the musketeer figure.

Fine art

Picasso painting expected to fetch £35m (€39.5m) at Impressionist and Modern sale at Sotheby’s

irishtimes.com

Pablo Picasso painting Femme au béret et à la robe quadrillée (Marie-Thérèse Walter) is reported to have an estimated value in the region of £35 million (€39.5 million) in Sotheby’s Impressionist and Modern sale, according to The Irish Times. The article appears in Fine Art & Antiques and discusses auction previews and estimates.

Fine art

George Condo’s Rainy Day Butler offered as a modern masterpiece by Sotheby’s

sothebys.com

George Condo’s Rainy Day Butler (2012) is highlighted by Sotheby’s as a defining work in the Contemporary Curated sale in New York on March 2. The piece follows the auction of Condo’s Compression IV in November 2017 and is part of a suite including Rescue Scene (1998) and Group of Women. The description emphasizes a fusion of drawing and painting, cubist strategies, and psychological intensity.

Appello sui social fa il miracolo, ladro pentito restituisce violoncello del '700 da 1,3 milioni

huffingtonpost.it

The violoncello dating to 1737, made by Francesco Goffriller in Udine and valued at 1.3 million euros, was retrieved after a social media appeal by Ophélie Gaillard. The instrument, once stolen in Paris, was recovered abandoned in a car following an anonymous post on Facebook; Gaillard had been performing as a soloist in the 2003 Victoires de la Musique and the cello was donated by Crédit Industriel et Commercial (CIC).

Stolen cello worth €1.3 million returned to French musician after Facebook appeal

france24.com

France 24 reports that a rare 18th century cello, stolen at knifepoint from Ophelie Gaillard in Paris, was returned after her Facebook appeal went viral. The instrument, valued at nearly €1.3 million and on loan from CIC bank, was made in 1737 by luthier Francesco Goffriller in Udine, Italy. Gaillard described the relief and described the theft as violent.

Stolen €1 million cello returned to French musician

thelocal.fr

The 18th-century cello, valued at nearly €1.3 million, was returned to French soloist Ophélie Gaillard after being stolen in Pantin, Paris. The instrument was made in 1737 by luthier Francesco Goffriller and was accompanied by a bow said to be by Jean Pierre Marie Persoit.

Australian Chamber Orchestra acquires rare 300-year-old Stradivarius violin

whatsonsydney.com

The Australian Chamber Orchestra announced that ACO Chairman Guido Belgiorno-Nettis AM and Michelle Belgiorno-Nettis purchased the 1726 Stradivarius violin for long-term loan to the orchestra. The instrument will be named the 1726 Belgiorno Stradivarius and will be played by ACO Principal Violin Satu Vänskä; it joins Australia’s other known Stradivarius, the 1728/29 violin acquired in 2011 and played by Glenn Christensen.

Fine art

Christie’s to offer the collection of Joan and Preston Robert Tisch

usaartnews.com

Joan Miró, Femme entendant de la musique, 1945. Estimate: $10,000,000–15,000,000 is highlighted among the works in Christie's planned sale of The Collection of Joan and Preston Robert Tisch, which includes over 40 objects and is expected to realize in excess of $80 million. Willem de Kooning, Untitled XVIII, 1976, is also featured with an estimate of $8,000,000 – 12,000,000.

Australian Chamber Orchestra acquires a Stradivarius

soundslikesydney.com.au

The Australian Chamber Orchestra has purchased a 1726 Stradivarius violin, to be named the 1726 Belgiorno Stradivarius, and loaned long-term to the ensemble. It will be played by ACO Principal Violin Satu Vänskä. The instrument joins Australia’s other Stradivarius, a 1728/29 violin acquired by the Instrument Fund in 2011 and played by Glenn Christensen.

Australian Chamber Orchestra acquires rare 300-year-old Stradivarius violin

sbs.com.au

The Australian Chamber Orchestra acquires a 300-year-old Stradivarius violin, one of only 650 made by Antonio Stradivari that still exist, and lends it to the orchestra on a long-term loan. Finnish violinist Satu Vänskä is preparing the instrument for its Australian debut performance in April, with Beethoven's Romance for Violin chosen for the debut.

Fine art

The Met can keep a Picasso masterwork sold by Jews fleeing the Nazis, a court rules

news.artnet.com

The article reports that a federal judge ruled the Met cannot be compelled to return Pablo Picasso’s The Actor (1904–05) to the Leffmann family. The Leffmanns had claimed they were forced to sell the painting in 1938 to escape Nazi-occupied Europe. The painting remained at the Metropolitan Museum of Art after the decision.

Fine art

Metropolitan Museum to keep Picasso painting sold by collector fleeing Nazis

artforum.com

Pablo Picasso’s The Actor, 1904–05, will remain at the Metropolitan Museum of Art after a New York court dismissed a lawsuit filed by Laurel Zuckerman, the heir of a Jewish collector who sold the painting in 1938 while fleeing Nazi persecution; The work is from Picasso’s Rose Period and its value could surpass Picasso’s auction record of $180 million.

Fine art

Dealer of works stolen by Jasper Johns's assistant can be charged with racketeering, court rules

theartnewspaper.com

Equinox Gallery of Vancouver sues New York dealer Fred Dorfman over stolen Jasper Johns works; court allows racketeering claim under RICO. The case involves about 37 unfinished or discarded Johns works allegedly stolen by James Meyer and sold by Dorfman+ gallery in Chelsea, with Meyer pled guilty in 2015 and Dorfman facing allegations of mail fraud, wire fraud, and interstate transport of stolen goods.

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