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April 2019 Market Intelligence

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Fine art

The Brilliant Subtlety of Agnes Martin

sothebys.com

Agnes Martin, Untitled #12, is discussed in Sotheby’s overview of the Contemporary Art Evening Auction in New York, with an estimate of $4,000,000–6,000,000. The article notes the work’s delicate color bands and grid-like striations, its Minimalist lineage, and Martin’s influences from Taoism and Zen Buddhism, as well as her move to New Mexico in 1968.

Rare Violins of New York’s In Consortium loans two instruments

theviolinchannel.com

The Violin Channel reports that Oliver Neubauer and VC Artist Hina Khuong-Huu have been loaned two historic violins through Rare Violins of New York’s In Consortium program: a c.1722 Lord Wandsworth Stradivari and a c.1725 Milstein Guarneri del Gesù, both Cremona-made and loaned via the Ryuji Ueno Foundation.

Fine art

Sotheby’s Contemporary Curated sale offered look at rarely seen works by Faith Ringgold, Henry Taylor, Robert Colescott, Romare Bearden, Jack Whitten and more

culturetype.com

The Culture Type article covers Sotheby’s Contemporary Curated sale featuring rarely seen works by Faith Ringgold, Henry Taylor, Robert Colescott, Romare Bearden, and Jack Whitten among others. It notes notable pieces such as Henry Taylor’s 2002 Malcolm X portrait and Colescott interior scenes, and discusses the sale’s strong results, including Kerry James Marshall and Whitten leading prices and the overall sale exceeding its high estimate.

Fine art

Los Goyas de Zubieta at the Bilbao Fine Arts Museum, paintings by Francisco de Goya

meer.com

The Bilbao Fine Arts Museum presents three portraits by Francisco de Goya of members of the Adán de Yarza family, dating from the late 1780s. The works are shown publicly for the first time with their original canvases and stretchers, along with the crate in which they were transported from France in 1937, following evacuation during the Spanish Civil War. The exhibition includes a digital publication titled The Goyas of Zubieta and features scholarly analyses by Juliet Wilson-Bareau, Xavier Bray, Susana Serrano Abad, Mikel Urizar, and Francisco Javier Muñoz.

Guadagnini violin played by Joshua Bell to be sold this month at auction

theviolinchannel.com

The article reports that Tarisio Fine Instruments & Bows in New York will auction a 1750 Giovanni Battista Guadagnini violin once played by Joshua Bell. The instrument is owned by Indiana University’s Jacobs School of Music, and proceeds will benefit its students and faculty; a similar instrument sold by the maker in June 2018 fetched US $2.1 million.

Joshua Bell’s first concert career violin the 1750 Giovanni Battista Guadagnini to be auctioned by Tarisio starting April 24-May 16th

globenewswire.com

The 1750 Giovanni Battista Guadagnini violin, used by Joshua Bell during his formative teenage years, will be sold at auction by Tarisio on May 16, 2019. The instrument was loaned to Bell through Indiana University Jacobs School of Music, which received it in 1963 from an anonymous donor, and proceeds from the sale will benefit Jacobs School of Music students and faculty.

Fine art

Sotheby’s Market Update: History-Making Auction Results in Italy

Sotheby’s

Sotheby’s documents the market development behind History-Making Auction Results in Italy. Its account reports that the April Arte Contemporanea auction at Sotheby’s Milan took place during Design Week when the city throngs with collectors and enthusiasts of art and design.

Fine art

KAWS The KAWS Album sells for $14.7 million at Sotheby’s in Hong Kong

artcentron.com

KAWS The KAWS Album by KAWS sold for $14.7 million (HKD 115.966 million) at Sotheby’s Hong Kong. The work, based on the Fat Albert/Beatles Sgt. Pepper reference, set a new auction record for the artist, previously held by Untitled (Fatal Group) at $2.7 million.

Fine art

Foreign art can be nationally important to Canada and blocked from export, Federal Court of Appeal rules - The Globe and Mail

theglobeandmail.com

The Globe and Mail article discusses the Federal Court of Appeal ruling that foreign art can be considered of national importance to Canada and blocked from export, focusing on the 1892 Gustave Caillebotte painting Iris bleus, Jardin du Petit Gennevilliers sold by Heffel Gallery Ltd. It explains the role of the Canadian Cultural Property Export Review Board in delaying departures to allow purchase by Canadian museums and its use for tax-credit donations.

Fine art

The Invention of the Salvator Mundi

vulture.com

The article discusses the 2005 appearance of a painting titled Christ Salvator Mundi, attributed as After Leonardo da Vinci, with an initial suspected attribution to a student of Leonardo and the involvement of collectors Alexander Parish and Robert Simon. It notes the painting’s initial acquisition for $1,000 and its later sale for up to $127.5 million.

Dagli alberi abbattuti dalla foresta Stradivari il violino Tempesta - il Giornale

ilgiornale.it

The article discusses wood from the Val di Fiemme used to craft high-value instruments like Stradivari violins, including a collection named Tempesta made from trees felled by cyclone Vaia. It mentions collaboration between FederlegnoArredo, the Comune di Cremona, and the Scuola di liuteria, and notes a presentation at Salone del Mobile in Milan 2019 with the first Tempesta violin created by students of Cremona’s international violinmaking school.

Fine art

Sotheby’s Market Update: The Collection of Joe R. & Teresa L. Long

Sotheby’s

Sotheby’s documents the market development behind The Collection of Joe R. & Teresa L. Long. Its account reports that sotheby’s is honored and privileged to present a significant number of works from the Collection of Joe R.

A look into the world of instrument theft

stringsmagazine.com

Antonio Stradivari is central to three theft cases cited in the article: Frank Almond’s $6 million 1715 ‘Lipiński,’ Min Kym’s stolen 1696 violin, and the still-missing ‘Davidoff-Morini.’ The article also recounts the recovery of John Walz’s $100,000 Mario Miralles cello, showing how publicity and specialist identification can determine whether a stolen instrument returns.

Fine art

Sotheby’s Market Update: 11 New Records Set at Sotheby's Modern & Contemporary African Art Sale

Sotheby’s

Sotheby’s documents the market development behind 11 New Records Set at Sotheby's Modern & Contemporary African Art Sale. Its account reports that sotheby’s April auction of Modern & Contemporary African Art saw a multitude of new records for artists from across the African continent, including the father of Congolese ‘Popular’ painting Chéri Samba, Moroccan master Hassan El Glaoui, and rising star Eddy Kamuanga Ilunga.

Viole, violini e violoncelli dalle foreste di Val di Fiemme

fortemalia.it

Andrea Conti writes about how almost three tons of red fir wood from Val di Fiemme forests will be used to create violas, violins, cellos and basses, with the Cremona Stradivari International School of Luthiery overseeing three years of seasoning before string instruments are produced.

Fine art

Sotheby’s Market Update: Sotheby’s Spring 2019 Hong Kong Sales Total HK$3.78 Billion / US$482 Million

Sotheby’s

Sotheby’s documents the market development behind Sotheby’s Spring 2019 Hong Kong Sales Total HK$3.78 Billion / US$482 Million. Its account reports that spring 2019 Hong Kong auction series concluded with a grand total of HK$3.78 billion / US$482 million, exceeding the pre-sale high estimate and establishing the second highest total in company history, second only to Sotheby’s landmark 40th anniversary sale total in Autumn 2013.

The ‘Josefowitz’ Guarneri viola, circa 1690

tarisio.com

The article discusses the rare 1690 Guarneri viola known as the ‘Josefowitz,’ mentioning its Cremona origin, its relation to other Guarneri violas such as the ‘Imai’ and the ‘Primrose,’ and notes that seven Guarneri violas survive. It is part of a discussion by Jason Price with historical provenance references.

Cremona, capitale dei liutai: restaurato il piccolo Storioni del 1793

ilgiorno.it

The article reports on the restoration of a small Storioni violin from 1793, created by Lorenzo Storioni, now housed in Cremona's Museo del Violino. It notes funding by the Fondazione Bracco and that the instrument is the only child-sized string instrument in Italy, with authentication via autographic cartouche. A historical, organological, and philological study conducted by the Museo del Violino and the Arvedi Laboratory at the University of Pavia supported the restoration.

Fine art

Bidding battle: #KAWS smashes record

sothebys.com

KAWS artwork based on The Beatles’ Sgt. Pepper album cover, populated with Simpsons characters, shatters record at Sotheby’s NIGO® Vol.1 in Hong Kong; the sale totaled HK$220 million / US$28 million with all 33 lots sold.

Fine art

KAWS painting sets new auction record in Hong Kong at Sotheby’s

artnews.com

KAWS painting The Kaws Album (2005) sold for 115.9 million HKD (about $14.7 million) at Sotheby’s Hong Kong, setting a new record for the artist. The sale was part of Sotheby’s NIGOLDENEYE Vol. 1, with other notable works including three Simpsons riffs by KAWS and pieces from Nigo’s collection.

Charles Castleman donates million dollar J. B Guadagnini violin to Frost School

news.miami.edu

Charles Castleman donated his 1748 Joannes Baptista Guadagnini violin to the Frost School of Music, celebrated during Frost Music Live on April 12, 2019 at UM’s Gusman Hall. The instrument is insured for one million dollars and joins the Frost collection alongside a prior donation of a Guarneri violin valued at $1.1 million (the Sue Miller violin).

Fine art

Sotheby’s hoped for a $1 million sale for a KAWS painting of The Simpsons, but it sold for $14.7 million

news.artnet.com

The article reports that Sotheby’s in Hong Kong sold KAWS’s THE KAWS ALBUM for HK$115.9 million ($14.8 million) setting a new artist record. The work appears in the NIGOLDENEYE Vol. 1 sale and references KAWS’s alter ego Kimpsons, with The Simpsons characters reimagined. The piece marks a major jump in KAWS’s market activity, following recent milestones including earlier record sales at Phillips London.

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