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September 2018 Market Intelligence

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Fine art

Abstract Zao Wou-Ki painting fetches $65m in Sotheby’s auction

thenationalnews.com

The article reports that a ten-metre-long triptych by Zao Wou-Ki, titled Juin-Octobre 1985, sold for $65 million at Sotheby’s Hong Kong, setting a world auction record for the Chinese-French artist. It notes the work was commissioned by IM Pei and mentions prior record prices including a Christie's sale of 29.01.64 for $26 million.

Korean cello maker wins gold medal at prominent international competition

en.yna.co.kr

Jung Ga-wang, a 28-year-old cello maker from South Korea, won the gold medal in the cello category at the 15th International Triennale Violin Making Competition Antonio Stradivari in Cremona, Italy. He is the first South Korean to win gold in this competition and the youngest award winner ever at the event; he also received awards for best luthier under 30 and best non-Italian crafter.

Korean cello maker wins gold at major competition

koreajoongangdaily.joins.com

Korean cello maker Jung Ga-wang won the gold medal in the cello category at the 15th International Triennale Violin Making Competition Antonio Stradivari in Cremona, Italy, with his teacher Francesco Toto during the award ceremony on Sept. 26, as reported by Korea JoongAng Daily.

Fine art

A judge sentences disgraced dealer Ezra Chowaiki to 18 months in prison for fleecing high-profile art collectors of millions

news.artnet.com

Ezra Chowaiki was sentenced by a US district judge to 18 months in prison for wire fraud related to an investment scam that defrauded high-profile collectors, including Helly Nahmad and Baby Jane Holzer, of millions. The court also imposed three years of supervised release and an order to forfeit interests in more than 20 artworks and to pay restitution to victims. Chowaiki founded a gallery on Park Avenue and staged exhibitions by Picasso, Calder, Chagall, and Degas; he pleaded guilty in May to wire fraud.

Korean cello maker wins gold at an international competition in Cremona

koreaherald.com

The article reports that Jung Ga-wang, a 28-year-old South Korean cello maker, won the gold medal in the cello category at the 15th International Triennale Violin Making Competition Antonio Stradivari in Cremona, Italy, becoming the first South Korean gold medalist and the youngest award winner in the event’s history. Park Ji-hwan also won silver in cello and bronze in violin at the same competition.

Steven Isserlis loaned the Marquis de Corberon Stradivari cello to Wigmore Hall audience

tarisio.com

Steven Isserlis is associated with the 1726 Stradivari cello named the Marquis de Corberon. The article discusses characteristics of the Forma B model and notes the loan of the instrument to Isserlis by the Royal Academy of Music in 2011, with prior connection to Curtis Price. The page is part of Tarisio’s digital exhibition and includes commentary by Jason Price and credits for photographs.

Fine art

Sotheby’s Market Update: The History of Now: The Collection of David Teiger

Sotheby’s

Sotheby’s documents the market development behind The History of Now: The Collection of David Teiger. Its account reports that 14 November 2018 \| 6:30 PM EST \| New York](https://www.sothebys.com/en/auctions/ecatalogue/2018/the-history-of-now-the-collection-of-david-teiger-n09990/lot.1T.html).

Fine art

Sotheby’s Market Update: Creating a Stage: The Collection of Marsha and Robin Williams

Sotheby’s

Sotheby’s documents the market development behind Creating a Stage: The Collection of Marsha and Robin Williams. Its account reports that creating a Stage: The Collection of Marsha and Robin Williams](https://www.sothebys.com/en/auctions/2018/creating-a-stage-collection-of-marsha-and-robin-williams-n09977.html).

Fine art

Damien Hirst’s former financial manager sells collection at Sotheby’s London tops £10 million

news.artnet.com

Damien Hirst’s former manager Frank Dunphy’s collection sold at Sotheby’s London, grossing more than £10 million ($13.2 million) and surpassing its £5.2 million–£7.3 million ($6.8 million–$9.5 million) pre-sale estimate. The sale included works primarily by Hirst and YBA contemporaries, with notable pieces by Lucio Fontana and Andy Warhol, and 98 lots with a 92 percent sell-through rate.

Fine art

Salvator Mundi’s patchwork provenance now includes a 50-year stop in Louisiana

theartnewspaper.com

Salvator Mundi, attributed to Leonardo da Vinci, spent about 50 years in Baton Rouge, Louisiana. The painting was later identified as a Leonardo and reauthenticated, with its provenance tracing back through families and dealers; the Wall Street Journal reports the Louisiana stop and prior ownership details.

Indianapolis violin competition winner in 2018: Richard Lin

amp.indystar.com

The article reports that Richard Lin won the 10th Quadrennial International Violin Competition in Indianapolis, receiving a Carnegie Hall recital debut, $30,000 and a recording contract, with the Stradivarius violin loan option. It also notes other prizewinners: Risa Hokamura won silver, Luke Hsu won bronze, and Anna Lee, Ioana Cristina Goicea and Shannon Lee placed fourth to sixth.

Fine art

Looted Renoir returned to French heir in New York

theartnewspaper.com

Sylvie Sulitzer, granddaughter of Alfred Weinberger, received Renoir's Two Women in a Garden (1919) at a restitution ceremony in New York. The painting had been looted by the Nazis and linked to Weinberger, a Jewish art collector who fled Paris. The event was attended by Robert Morgenthau and marked a pivotal restitution moment.

Fine art

The Largest Ever Work by Zao Wou-Ki Leads Sotheby’s Hong Kong Autumn Sales

sothebys.com

The artwork discussed is Zao Wou-Ki's Juin-Octobre 1985, an oil on canvas triptych, which Sotheby’s states will lead the Hong Kong Autumn sales with an estimated value in excess of HK$350 million ($45 million). The article notes the work’s commission by I. M. Pei for Raffles City in Singapore and provides context on Zao Wou-Ki’s international recognition.

This Stradivarius violin story about an Indy 500 driver and a prize worth millions

thespectrum.com

The piece discusses a 1683 Stradivarius known as the Martinelli-Gingold, owned by a Parisian nobleman and a millionaire Indy 500 driver, described as a jealous mistress and a prize for a major violin competition in Indianapolis. Glen Kwok of the International Violin Competition of Indianapolis is quoted on the instrument's expressive potential; the gold medalist can use the Strad for four years as the competition selects the next top six players after two weeks of performances.

This Stradivarius violin: a jealous mistress, a prize worth millions

indeonline.com

The article discusses a Stradivarius violin known as the Martinelli-Gingold, made in 1683, and its status as the prize for the International Violin Competition of Indianapolis. It notes the violin’s storied history and mentions key figures such as Glen Kwok, executive director of the competition, and Antonio Stradivari as the maker.

Fine art

Rolling with the punches: how the art market bounced back

theartnewspaper.com

Damien Hirst's 2008 sale at Sotheby’s and Lehman Brothers' collapse are cited as catalysts for a decade-long look at the art market's rebound. The article discusses the post-recession recovery, including Clare McAndrew’s figures on global sales and the emergence of the Chinese market, and references contemporary artists such as Damien Hirst, Jeff Koons, Richard Prince, and Takashi Murakami.

This Stradivarius violin story centers on a prize worth millions

eu.yorkdispatch.com

The article discusses a 1683 Stradivari violin known as the Martinelli-Gingold, owned by a Parisian nobleman and an Indy 500 driver, described as a jealous mistress and prize for an international competition in Indianapolis. It mentions Glen Kwok of the International Violin Competition of Indianapolis and details about the competition awarding the Stradivarius for four years.

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