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May 2019 Market Intelligence

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Fine art

Zao Wou-Ki, one of the 20th century's most important painters

sothebys.com

Zao Wou-Ki, Years 1957 and 1967 are discussed, with highlights on Temps Calme (1957) and 3.12.67 (1967) as key works; the article previews four paintings by Zao Wou-Ki offered at Sotheby’s Paris Art Contemporain, including Temps Calme and 3.12.67 with estimated price ranges in euros.

Fine art

Christie’s Market Update: Spring auctions in Hong Kong total HK$2.55bn / US$327m

Christie’s

Christie’s documents the market development behind Spring auctions in Hong Kong total HK$2.55bn / US$327m. Its account reports that christie’s annual Hong Kong spring auctions, which spanned six days and 17 sales, saw a strong Asian interest in the largest offering of Western art to date.

Fine art

Louvre curators say Salvator Mundi was made by Leonardo da Vinci’s workshop

artsy.net

The article discusses Salvator Mundi (ca. 1500), the painting attributed to Leonardo da Vinci that sold for a record $450 million at Christie’s New York in November 2017. Louvre curators suggest it could be by Leonardo’s workshop rather than the master himself, potentially affecting its attribution and value.

Fine art

趙無極致敬莫奈與馬蒂斯之巨作 | Christie's

christies.com.cn

趙無極的巨作《三聯作1987-1988》在香港春季拍賣揭幕,估價為12,000,000-150,000,000港元;作品於2019年於佳士得香港呈獻,為該藝術家尺幅第二大的作品。該系列致敬馬蒂斯,並提及馬蒂斯是趙無極色彩大師的影響來源。

Fine art

Zao Wou-Kou pays homage to Monet and Matisse in a monumental triptych at Christie’s

christies.com

Zao Wou-Ki’s triptych from 1987-1988 leads Christie’s Hong Kong Spring Sale of Asian 20th Century and Contemporary Art. The work, titled Triptych 1987-1988, is noted as the artist’s second-largest triptych; it references artists Monet and Matisse, with Matisse appearing in the title of the work. The piece was offered at Christie’s Hong Kong and has a history of collection and provenance tied to European private holdings.

Fine art

«Триптих 1987-1988» sold by Christie’s in Hong Kong for HK$178 million

dianov-art.ru

The headline discusses the painting Triptych 1987-1988 by Zhao Wuji (赵无极), sold at Christie’s in Hong Kong for HK$178 million (US$22.8 million). The work was previously owned by a private European collection and acquired directly from the artist. The piece is described as a monumental abstraction in yellow and blue, reflecting admiration for Monet and Matisse, with a size of 200 x 486 cm, oil on canvas.

Fine art

Netherlands to restitute two paintings sold by Jewish businessman in Nazi era

theartnewspaper.com

Dirck Francoisz Hals and Dirck van Delen, Banquet Scene with Musicians and Shuffle Board Players in an Interior (1628); Jan Davidsz de Heem, Still Life with Glass, Glass Stand and Musical Instruments (17th century); the Dutch Restitutions Committee recommended returning these two Golden Age paintings to the heirs of Jacob Lierens.

Fine art

Sales results: at Christie’s, portrait by amy sherald marks artist’s auction debut, plus mickalene thomas and stanley whitney establish new records

culturetype.com

Amy Sherald’s portrait “Innocent You, Innocent Me” (2016) sold for $350,000 at Christie’s, marking her auction debut. Mickalene Thomas set a new artist record, and a painting by Stanley Whitney also established a new record during Christie’s Post-War and Contemporary Art Afternoon Session in New York. The report also notes works by Basquiat, Bradford, Rashid Johnson, Mutu, Pendleton, Taylor, Whitten, and two Colescott paintings featured in the sale.

Fine art

Claude Monet’s haystacks painting breaks records at auction & more art world headlines

wilsonelser.com

Claude Monet’s Haystacks painting The Meules (Haystacks) (1890) sold for over $100 million at auction in New York, setting a world record for the artist and for an Impressionist work. The article also references a California court ruling on a Pissarro work and a Virginia court decision regarding Charlottesville’s Confederate statues.

Fine art

Claude Monet’s haystacks painting breaks records at auction & more art world headlines

wilsonelser.com

Claude Monet’s Haystacks painting The Meules (1890) sold at auction in New York for a world-record price for the artist and for an Impressionist painting. The story collates related art-law headlines including a Spanish museum good title ruling on a Pissarro work, and Virginia court decisions about Confederate statues in Charlottesville.

Fine art

Record-breaking Monet leads $350M evening sale - Fine Art Connoisseur

fineartconnoisseur.com

Claude Monet, Meules, oil on canvas, 1890, is cited as the record for the artist and for any Impressionist work, with a price of $110,747,000. The article notes the record-breaking Haystacks painting leading Sotheby’s $350 million evening sale of Impressionist and Modern art, and lists other works by Gustave Caillebotte and Marc Chagall with their prices. Pablo Picasso’s Femme au chien, oil on canvas, 1962, is noted as an Auction Record for a 1960s Picasso at $54,936,000.

Fine art

Canada loses Steinberg art collection as works sell for more than $45-million at U.S. auction

theglobeandmail.com

The Globe and Mail reports that the Steinberg art collection from Montreal, including mid-century abstract American colour-field paintings, sold at Sotheby’s in New York for over $45 million. The sale highlighted two Mark Rothko works, Untitled (Red and Burgundy Over Blue) at $10.5 million and Untitled (Red on Red) at $8.2 million, as part of a collection once loaned to the Montreal Museum of Fine Arts. The Steinberg family faced multiple deaths that affected the collection’s disposition.

Fine art

Sotheby’s Market Update: Bacon and Rothko Propel Contemporary Art Auction to $341.8 Million

Sotheby’s

Sotheby’s documents the market development behind Bacon and Rothko Propel Contemporary Art Auction to $341.8 Million. Its account reports that he Contemporary Art Evening Auction totaled $341.8 million on the strength of outstanding prices for Mark Rothko's untitled masterwork and two paintings by Francis Bacon.

Fine art

Jeff Koons’s Rabbit Sells for $91.1 Million at Christie’s

Christie’s

Christie’s reports that Jeff Koons’s Rabbit sold for $91,075,000, making Koons the world’s most expensive living artist at auction as the house’s seasonal Post-War and Contemporary Art sales reached $631,949,875.

Fine art

Francis Bacon’s Screaming Pope and a string of artist records deliver Sotheby’s a robust $342 million contemporary sale

news.artnet.com

Francis Bacon’s Study for a Head (1952) is highlighted as the evening’s top seller, with Sotheby’s contemporary sale totaling just under $342 million and multiple records for artists including Carl Andre, Lee Krasner, Kenneth Noland, Charles Gaines, Barkley L. Hendricks, Rashid Johnson, and Dana Schutz.

Fine art

What does the $89 million sale of a prime robert rauschenberg at christie’s mean for the artist’s long-quiet market?

news.artnet.com

Robert Rauschenberg’s Buffalo II (1964) sold for $88.8 million at Christie’s, setting a new record that vastly exceeds his previous high. The article discusses how this sale fits into a broader, quieter market for Rauschenberg compared with contemporaries like Jeff Koons, Andy Warhol, Mark Rothko, and Cy Twombly, and what it suggests about museums, the art market, and fame shaping an artist’s legacy and value.

VC Young Artist Kevin Zhu Awarded Use of 1722 Ex Lord Wandsworth Stradivarius

theviolinchannel.com

Kevin Zhu, an 18-year-old VC Young Artist, has been granted long-term use of the 1722 Ex-Lord Wandsworth Stradivarius violin on loan from the Ryuji Ueno Foundation and Rare Violins In Consortium. The instrument was previously owned by Georges Chanot, Lord Sydney Stern Wandsworth, W.E. Hill & Sons, Karel Ondricek, and Edwin L. Wiegand.

VC Young Artist Blake Pouliot to replace Renaud Capuçon with Dallas Symphony

theviolinchannel.com

Blake Pouliot, a VC Young Artist, is announced to replace Renaud Capuçon for a series with the Dallas Symphony due to Capuçon’s illness. Pouliot will debut with Brahms Violin Concerto on May 16–19 under conductor Pablo Heras-Casado. Pouliot is a Colburn School alumnus and former first prize winner at the Montreal Symphony Orchestra Manulife Strings Competition; he currently performs on a 1729 Guarneri del Gesù loaned by the Canada Council for the Arts Musical Instrument Bank.

Fine art

Jeff Koons reclaims the throne as world’s most expensive living artist

artsy.net

Jeff Koons’s Rabbit (1986) sold for $91.07 million with fees at Christie’s New York, surpassing David Hockney’s Portrait of an Artist (Pool with Two Figures) (1972) which sold for $90.3 million; the buyer was art dealer Robert Mnuchin.

Fine art

Jeff Koons' Rabbit sells for $91 million, a new record for a living artist

npr.org

Jeff Koons' Rabbit sold for more than $91 million at Christie's in New York, setting a record for the most expensive work by a living artist at auction. The buyer was represented by Robert Mnuchin on behalf of a client. The name of the artwork is Rabbit, a stainless steel sculpture by Jeff Koons.

Fine art

Rabbit hops to a record $91m at Christie's as Jeff Koons once again becomes the world's most expensive living artist

theartnewspaper.com

The Art Newspaper reports that Jeff Koons's Rabbit (1986) sold for $80m ($91m with fees) at Christie’s Post-war and contemporary evening sale in New York, restoring Koons as the world’s most expensive living artist. The sale also featured works from the Si Newhouse estate and included records for Louise Bourgeois and Jonas Wood.

Fine art

Sotheby’s Market Update: Record-Breaking $110.7 Million Monet Leads Impressionist & Modern Art Evening Sale

Sotheby’s

Sotheby’s documents the market development behind Record-Breaking $110.7 Million Monet Leads Impressionist & Modern Art Evening Sale. Its account reports that claude Monet’s Meules was the evening’s undoubted winner, with a winning bid of $110,747,000.

Columbus Symphony concertmaster to perform on violin once owned by Paganini

symphony.org

Columbus Symphony Orchestra concertmaster Joanna Frankel will perform on the violin once owned by Niccolo Paganini, on loan from Genoa, during a Wednesday concert at the Ohio Theatre. The instrument, known as the Il Cannone, was removed and tuned by Bruce Carlson, conservator of the instrument, with Frankel rehearsing prior to the performance. Frankel will solo on five pieces, including Cantabile and Caprice No. 11, said Music Director Rossen Milanov.

Fine art

Monet's glowing haystacks sets a new record at Sotheby’s Impressionist and Modern sale

theartnewspaper.com

Monet's Meules (1890) from his haystacks series sold for $97m at Sotheby’s New York, setting a world record for the artist. The sale total reached $300m ($349.9m with fees) with 91% of lots sold, and the report notes strong top-tier demand in Impressionist works; Picasso and Modigliani performances are also mentioned.

Fine art

Monet's Meules sells for astonishing $110.7 million, a new artist record

sothebys.com

Monet's Meules from the Haystacks series sold at Sotheby's Impressionist & Modern Art Evening Sale for $110,747,000, setting a new artist record for Claude Monet and the highest price for a Monet work. The piece is noted as the first time it had appeared at auction since 1986 and sold with a dramatic bidding contest.

Breaking: Russians seize violin from Tchaikovsky contestant

slippedisc.com

The article reports that customs officials at Moscow’s Domodedovo airport seized an 18th century violin from violinist Nikolai Managazze, who planned to compete in the Tchaikovsky Competition. The instrument, on loan from a Swiss foundation, prompted questions about whether it is part of Russia’s national heritage. Managazze, born in Moscow and based in Dubai, was detained for several hours.

Priceless Paganini violin arrives in Columbus

abc6onyourside.com

The historic Niccolo Paganini II Cannone Violin will be displayed at the Columbus Museum of Art in Columbus, Ohio for 10 days. The instrument was constructed in 1743 and is highlighted by local officials and museum staff as a significant cultural asset.

Fine art

Sotheby’s Market Update: Record-Breaking Kusama Leads Historical Contemporary Art Season in Asia

Sotheby’s

Sotheby’s documents the market development behind Record-Breaking Kusama Leads Historical Contemporary Art Season in Asia. Its account reports that this Spring, Sotheby’s Hong Kong Contemporary Art sales realized HK$802 million / US$102 million, achieving the highest totaling series of Contemporary Art sales ever staged in Asia.

Fine art

Sotheby’s Market Update: The David Teiger Collection Returns to Auction

Sotheby’s

Sotheby’s documents the market development behind The David Teiger Collection Returns to Auction. Its account reports that featuring works by Jenny Saville, Mark Grotjahn, Jeff Koons and more, the Collection of David Teiger returns to auction in New York the week of 13 May in the Contemporary Art Evening and Day Auctions and the Art of Africa, Oceania and the Americas Auction.

239 year old violin presented to Ulster Youth Orchestra Leader Samuel Kane by Arts Council of Northern Ireland

lovebelfast.co.uk

The article reports that Samuel Kane, a violinist from Loughgall, County Armagh, has been named the Leader of the Ulster Youth Orchestra and was presented with the Milton Violin, a 239-year-old instrument made by Joseph Gagliano, by the Arts Council of Northern Ireland. The violin was donated to the Arts Council by Professor Alan Milton in 1980.

The World’s Most Famous Violin Comes To Columbus This Weekend

wosu.org

The article discusses the 18th-century Guarnerius del Gesù violin nicknamed “Il Cannone,” owned by Niccolò Paganini, visiting Columbus and to be displayed at the Columbus Museum of Art from May 11–19. Joanna Frankel, concertmaster of the Columbus Symphony Orchestra, will perform as soloist with the orchestra on May 15 at 8 p.m. in the Ohio Theatre, conducted by Rossen Milanov, with pieces by Saint-Saëns, Massenet, Tchaikovsky, and Paganini.

Fine art

Canadian couple’s art collection worth $50-million heads to U.S. auction amid debate over cultural exports

theglobeandmail.com

The Globe and Mail reports that the estate of Arnold and Blema Steinberg from Montreal is dispersing at international auctions, including two Mark Rothko paintings valued in the tens of millions, with sales in New York starting May 14 and Canadian works by Jean-Paul Riopelle offered in Toronto on May 29. The piece notes the collection’s significance in Canada and the potential renewal of debates over keeping important art in Canada; it mentions permits allowing international touring and references ARTNews’s 2013 list of the Steinbergs as prominent collectors.

One of a kind violins and cello repurposed as art for Lethbridge youth music fundraiser

globalnews.ca

The Global News article by Kaylen Small covers a University of Lethbridge Conservatory of Music fundraiser where Alberta artists painted seven violins and one cello from the conservatory’s collection. The project, meant to support youth music programs, features artists such as Kari Lehr, Karen Tamminga-Paton, and Tony Partridge. The fundraiser is scheduled for May 11.

Fine art

Sotheby’s Market Update: Masterworks of Contemporary Art Come to Auction

Sotheby’s

Sotheby’s documents the market development behind Masterworks of Contemporary Art Come to Auction. Its account reports that he most important collection of Color Field paintings ever to appear at auction will highlight our Contemporary Art auctions this spring, emerging from the triumphant collection of Blema & H.

Violinist Charles Castleman donates $1 million Guadagnini to Frost School of Music

theviolinchannel.com

The Violin Channel reports that American violinist Charles Castleman donates his 1748 Joannes Baptista Guadagnini violin, valued at over $1 million, to the Frost School of Music at the University of Miami. The article notes Castleman’s lineage as a student of renowned teachers and his past competition prizes, and mentions a second donation of a rare early 18th century Guarneri violin by the Miller family.

Fine art

Sotheby’s Market Update: Krasner, Bacon, Rothko & More Blue-Chip Contemporary Artists Come to Auction

Sotheby’s

Sotheby’s documents the market development behind Krasner, Bacon, Rothko & More Blue-Chip Contemporary Artists Come to Auction. Its account reports that masterworks by the biggest names in Contemporary Art highlight the upcoming Contemporary Art Auctions in New York on 16–17 May.

Fine art

La judge rules Spanish museum can keep Nazi-looted painting

wildabouttrial.com

Camille Pissarro painting Rue St.-Honore, Apres-Midi, Effet de Pluie was ruled to be legally owned by the Thyssen-Bornemisza Museum in Madrid by U.S. District Judge John F. Walter, rather than the survivors of Lilly Cassirer; the decision cites Spanish law and notes the painting’s looted history during the Nazi era, with commentary on due diligence and moral implications.

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