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December 2019 Market Intelligence

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Fine art

French court upholds ruling against Jeff Koons in plagiarism case

artnews.com

The Paris appeals court affirmed a 2017 ruling that Jeff Koons’s 1988 sculpture Naked plagiarized a photograph by Jean-François Bauret. The decision requires Koons’s studio and the Centre Pompidou to pay €20,000 and Koons’s studio €4,000 to Bauret’s family, with the Centre Pompidou and Gagosian declining to comment.

Fine art

The top ten auction results of 2019 and the art market trends they reveal

theartnewspaper.com

The article discusses the top ten auction results of 2019, led by Claude Monet's Meules (1890) sold at Sotheby’s New York for $110.7 million, and Jeff Koons’s Rabbit sold at Christie’s New York for $91 million, with a total worldwide auction turnover of $4.8 billion for Sotheby’s and a dominant New York focus. It notes trends such as New York surpassing London for high-value sales, a drop in large lots later in the year, persistent emphasis on male 20th-century masters, and the Christie’s/Sotheby’s duopoly.

Two men arrested in Novi Sad for theft of expensive violin described as the voivodinian Paganini

telegraf.rs

Nenad S. (50) from Temerin and Predrag J. (47) from Stara Pazova were arrested in connection with a heist of a valuable violin belonging to Serbian musician and composer Lajko Feliks in Bački Petrov Selo on November 1. The instrument, a Domenico Montano violin made in 1800, is estimated at half a million euros. Feliks is a renowned violinist in the region, often described by the media as a genius, a devilish violinist, and the ‘Voivodinian Paganini’.

Fine art

A Christmas present for the nation in quotes and claims

memorialfund.org.uk

The Finding of Moses by Orazio Gentileschi was purchased for the national collection with significant public donations; the painting will stay on free public display in the National Gallery in Trafalgar Square. The work was acquired for £22m gross, with a net cost to the National Gallery of £19,471,340 via private treaty sale through Sotheby’s and Pyms Gallery, and is linked to Artemisia Gentileschi’s Self Portrait as Saint Catherine of Alexandria.

Violina đavoljeg violiniste, vredna pola miliona evra, ukradena dok je bio na groblju

telegraf.rs

The article reports that Nenad S. (50) from Temerin and Predrag J. (47) from Stara Pazova were detained on suspicion of stealing a valuable 19th century violin from Lajka Feliz, a renowned musician from Bački Petrov Selo, while he was at a graveyard. The instrument, valued at about half a million euros, was recovered with two bows after police detained the suspects in Novi Banovci; Feliks is nicknamed Paganini by many. The violin was left in a car that the culprit did not lock, allowing the two to take it, and the suspect Predrag J. discarded the violin while fleeing.

Fine art

London’s National Gallery buys Orazio Gentileschi painting for $25.5 million

news.artnet.com

The National Gallery in London raised £19.5 million ($25.5 million) to purchase Orazio Gentileschi’s The Finding of Moses (early 1630s). The work was bought with a deal arranged with Sotheby’s London and Pyms Gallery and will remain on permanent display. The painting was previously purchased in 1995 by Graham Kirkham for £43,300.

Fine art

London's National Gallery buys Orazio Gentileschi masterwork

artnews.com

Orazio Gentileschi’s The Finding of Moses (ca. early 1630s) has been purchased by the National Gallery in London for £19.5 million (about $25.5 million). The painting has been on loan to the museum since 2002, with fundraising culminating in the acquisition that was announced by the gallery, following prior efforts since 1995.

Fine art

Sotheby’s Market Update: Inaugural Auction Dedicated to Aboriginal Art at Sotheby's New York Achieves $2.8 Million

Sotheby’s

Sotheby’s documents the market development behind Inaugural Auction Dedicated to Aboriginal Art at Sotheby's New York Achieves $2.8 Million. Its account reports that nEW YORK, 16 December 2019 – Sotheby’s Aboriginal Art auction, held in New York on 13 December 2019, achieved $2.8 million.

Fine art

$66 million Klimt painting stolen 20 years ago may have been found

abcnews.com

The Klimt painting Portrait of a Lady, valued at $66 million, was stolen from a gallery in northern Italy more than 20 years ago and may have been found hidden in the external wall of the Ricci Oddi gallery in Piacenza. Italian authorities planned high-tech X-rays to verify authenticity after discovery.

Fine art

Two Van Goghs sold from the recovered hoard of an Italian fraudster

theartnewspaper.com

Two Van Gogh pictures owned by Calisto Tanzi were sold in Milan on 29 October, with Pandolfini hosting Rediscovered Treasures: Impressionist and Modern Masterpieces from a Private Collection. The works trace to Tanzi, founder of Parmalat, whose fraud conviction sparked the recovery of a large art collection, including Pollard Willow, a Van Gogh watercolour from 1881.

Ludwig Bausch the German Tourte

corilon.com

The article discusses Ludwig Bausch (1805–1871), a German bow maker nicknamed the German Tourte for his bows modeled after François Xavier Tourte. It covers his life, development of his bow style, and his influence on German bow making, including the career path from apprenticeship to Dresden and Dessau, and his association with Louis Spohr. The piece notes the issue of faked Bausch marks and the esteem of genuine Bausch works among aficionados.

Fine art

Tiepolo and Giovanni di Paolo spark excitement in underpowered Christie’s Old Master sale

theartnewspaper.com

The Art Newspaper reports on Christie’s Old Master sale in London, noting Brexit-related jitters and a smaller 44-lot offering that included sculptures and drawings alongside paintings. The main highlights were two 15th-century predella panels by Giovanni di Paolo, restituted to the family of Harry Fuld, with Christie’s noting solid buyer interest and a 16% increase in value year over year.

Fine art

Museum quality public art calls the Miami Beach Convention Center home

artburstmiami.com

The article discusses the Miami Beach Convention Center hosting Art Basel events and featuring six permanent public artworks commissioned by the City of Miami Beach Art in Public Places, created by Franz Ackermann, Elmgreen & Dragset, Ellen Harvey, Joseph Kosuth, Joep van Lieshout, and Sarah Morris. It cites a $7 million municipal percent-for-art contribution and notes the center's $615 million renovation and its museum-quality art within the venue and surrounding spaces.

Fine art

Sotheby’s Market Update: The Ribes Collection | Auction Results

Sotheby’s

Sotheby’s documents the market development behind The Ribes Collection | Auction Results. Its account reports that on 11 and 12 December, Sotheby’s Paris will offer for sale a selection of historical pieces from the collection of the Count and Countess de Ribes.

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