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February 2021 Market Intelligence

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Fine art

Seattle Art Museum receives major gift of contemporary art collection valued at about $400 million

spokesman.com

The Seattle Art Museum will acquire 19 abstract expressionist and European masterworks from the Lang Collection, donated by Jane Lang Davis and Richard E. Lang, plus $10.5 million in dedicated funds. The collection is valued at about $400 million according to a Sotheby’s executive cited in the report, with works by Jackson Pollock, Willem de Kooning and others.

La musicista Francesca Dego registra un cd con il Cannone, il violino di Paganini

genovatoday.it

Francesca Dego presenta in prima mondiale il suo nuovo cd intitolato Il Cannone, inciso con il Guarneri del Gesù, noto come Cannone di Niccolò Paganini, a Palazzo Tursi. L’evento è stato accompagnato da dichiarazioni del sindaco Marco Bucci e dell’assessore Barbara Grosso e si inserisce in una collaborazione con gli Amici di Paganini di Genova.

Fine art

A gift of blue-chip Modern art comes to the Seattle Art Museum

theartnewspaper.com

The Art Newspaper reports on a donation to the Seattle Art Museum from the Friday Foundation, funded by the heirs of Jane Lang Davis and Richard E. Lang, comprising 19 works by artists including Bacon, Rothko, Krasner, Pollock, Frankenthaler, Kline and de Kooning.

Fine art

Exceptional 20th century art collection donated to the Seattle Art Museum to honor Jane Lang Davis and Richard E. Lang

prnewswire.com

Jane Lang Davis and Richard E. Lang donated a collection of 19 masterworks and $10.5 million to the Seattle Art Museum, with six works donated to the Yale University Art Gallery by the Friday Foundation. The gifts accompany prior monetary gifts of $9 million to nine Seattle arts organizations announced in October 2020. Artists mentioned include Lee Krasner (Night Watch, 1960), Clyfford Still (PH-338, 1949), Jane Lang Davis and Richard E. Lang (Lang Family Collection, 1973), and Philip Guston (The Painter, 1976).

Fine art

Christie’s Market Update: ["RELEASE: Christie's Post-War and Contemporary Art Online Sale Series Opens for Bidding February 25 - Christie's", "RELEASE: Christie's Post-War and Contemporary Art Online Sale Series Opens for Bidding February 25"]

Christie’s

Christie’s documents the market development behind ["RELEASE: Christie's Post-War and Contemporary Art Online Sale Series Opens for Bidding February 25 - Christie's", "RELEASE: Christie's Post-War and Contemporary Art Online Sale Series Opens for Bidding February 25"]. Its account reports that new York – Beginning February 25, Christie’s New York will host a series of four online only sales dedicated to the artists defining contemporary art today.

Fine art

A Vincent van Gogh landscape to go on the block in Paris could fetch nearly $10 million

news.artnet.com

Vincent van Gogh landscape Scène de rue à Montmartre (Impasse des deux frères et le Moulin à Poivre) (1887) is expected to sell for about $6 million to $9.7 million (€5 million to €8 million) at Sotheby’s and Mirabaud Mercier in Paris. The work has never been publicly exhibited and will be shown in Amsterdam, Hong Kong, and Paris before the March 25 auction.

New recording: Francesca Dego plays il Cannone, Paganini’s violin

belenalonsomanagement.com

Francesca Dego records works inspired by Niccolò Paganini using Paganini’s violin, il Cannone, made by Guarneri del Gesù in 1743. The recording, made in Genoa and released by Chandos on February 26, 2021, follows her earlier performance with the instrument in October 2019.

Fine art

Collection of an American visionary press release

sothebys.com

The press release from Sotheby’s announces the unveiling for sale of the private collection of Anne Marion, a prominent American philanthropist and art collector, with an estimated value around $150 million. It highlights masterworks by Andy Warhol, Richard Diebenkorn, and Clyfford Still as central to the collection.

The cellist in Haydn's concerto was a London Jew

slippedisc.com

The article discusses new research by Brinton Smith and others that clarifies the origins of Haydn’s 1783 D major cello concerto (Hob VIIb:2), showing it was composed for and premiered in London rather than for Anton Kraft. It notes the premiere soloist James Cervetto, son of Jacob Cervetto, and explains the London debut ads from March 24, 1784, as part of Willoughby Bertie’s Hanover Square concert series.

Fine art

Sales for Christo and Jeanne-Claude’s art collection fetch more than $9 million on first day

thenationalnews.com

Christo Javacheff and Jeanne-Claude's art collection was highlighted in Sotheby’s Paris sale Unwrapped, Part I: The Hidden World of Christo and Jeanne-Claude, with sales reaching $9.7 million across 28 lots on the first day. The auction surpassed its €2.5 million to €3 million estimate, and individual works by Christo and Yves Klein featured prominently, including a drawing for The Umbrellas and a blue monochrome by Yves Klein that far exceeded its €100,000–€150,000 estimate to sell for $52,

Fine art

A $9.8 million Sotheby’s Paris sale of Christo, Jeanne-Claude and friends doubles its estimate

news.artnet.com

Christo and Jeanne-Claude’s works and those by their artist friends sold for $9.8 million (€8 million) at Sotheby’s Paris, more than doubling the presale estimate. Notable results include The Umbrellas drawings by Christo selling for $2.1 million and $1.5 million, a work by Lucio Fontana, and other pieces such as Package and a Pont Neuf preparatory drawing. The sale was fully sold, with a private sale of preparatory drawings for The Gates reported.

Fine art

Christie’s Market Update: Christie's to Offer the First Purely Digital NFT-Based Work of Art Ever Offered by a Major Auction House - Christie's

Christie’s

Christie’s documents the market development behind Christie's to Offer the First Purely Digital NFT-Based Work of Art Ever Offered by a Major Auction House - Christie's. Its account reports that nEW YORK – Christie’s is honored to present Everydays – The First 5000 Days by leading digital artist, Beeple, in a stand alone online-only sale open for bidding from February 25 - March 11, coinciding with First Open | Online.

Kansallisooppera sai lähes 300-vuotiaan viuluharvinaisuuden – yli puolen miljoonan euron huippusoitin hankittiin jättilahjoituksen turvin

yle.fi

The Finnish National Opera acquired a nearly 300-year-old Montagnana violin, dating from around 1740, as part of the Oopperan ja baletin tukisäätiön holdings. The instrument, donated through Hannele and Henrik von Wendt, is valued in the high hundreds of thousands to over half a million euros, depending on the assessment. Lilli Paasikivi notes the rarity and unique destiny of such instruments, and states the foundation now owns Montagnana as its first top-grade violin, with continued reliance on patrons for future acquisitions.

Fine art

Restituted Van Gogh portrait to be offered at Christie’s

artnews.com

Vincent van Gogh, La Mousmé (1888), a drawing from his final years, is set to sell at Christie’s New York as part of the drawing sale “A Family Collection: Works on Paper, Van Gogh to Freud.” Estimated at $7 million–$10 million, the work stems from the family collection of London dealer Thomas Gibson and depicts an anonymous young sitter.

Ricettazione, esportazione illecita e il violino Gand&Bernardel mai restituito

journalchc.com

The article discusses illicit seizures of valuable violins, including the Gand&Bernardel 1879 loaned by Teresina Tua and confiscated from the Conservatorio di Torino in 1988, which was sold in good faith in Berlin and not returned to Italy after legal proceedings; it mentions other violins such as Lorenzo Carcassi (1757, Canada), Giovanni Battista Guadagnini (1747, Switzerland), Girolamo Amati (1710, USA), and Nicolò Amati (1675, Japan) with attention to restitution and legal outcomes in various jurisdictions.

Defiantly alive Dvořák and joyful Schubert from the Nash Ensemble

bachtrack.com

Nash Ensemble performances of Dvořák Piano Quartet No. 2 in E flat major, Op. 87 and Schubert Piano Quintet in A major, The Trout, D. 667 at Wigmore Hall are reviewed. Performers listed: Nash Ensemble; Alasdair Beatson (piano); Stephanie Gonley (violin); Lawrence Power (viola); Adrian Brendel (cello); Graham Mitchell (double bass).

Fears for future of Romania's master violin makers

news24.com

The article discusses Romania's renowned luthiers facing competition from cheaper imports and difficulties passing the craft to new generations. It centers on Gliga's violin factory in Reghin and notes Romania exports many violins, with concern over sustaining the tradition.

Fine art

Christie’s Market Update: PRESS RELEASE: Sir Winston Churchill's Only Wartime Painting to be Offered in the Modern British Art Evening Sale, 1 March - Christie's

Christie’s

Christie’s documents the market development behind PRESS RELEASE: Sir Winston Churchill's Only Wartime Painting to be Offered in the Modern British Art Evening Sale, 1 March - Christie's. Its account reports that london – Christie’s Modern British Art Evening Sale on 1 March 2021 will be led by Sir Winston Churchill’s Tower of the Koutoubia Mosque (1943, estimate: £1,500,000-2,500,000), which is being offered from The Jolie Family Collection.

Fine art

Spanish government signs deal to keep Carmen Thyssen-Bornemisza Collection in Spain

theartnewspaper.com

The article reports that Spain reached a 15-year arrangement with Baroness Carmen Cervera to keep the Carmen Thyssen-Bornemisza Collection in Spain, including works by Monet, Sisley, Renoir, Degas, Rodin, Matisse and Picasso, with an annual fee of €6.5 million and a collection value of €1 billion.

Fine art

Sotheby’s raked in a robust $26.7 million with an auction of works owned by the eclectic late collector Hester Diamond

news.artnet.com

Sotheby’s Masters sales totaled $135.7 million hammer, with the single-owner sale Fearless: the Collection of Hester Diamond realizing $26.7 million. The Botticelli Portrait of a Young Man Holding a Roundel led the results with $92.2 million, the second-most-expensive portrait ever sold, surpassing several notable Old Master works. The Bernini sculpture Autumn brought $8.9 million.

Fine art

Case review: René Gimpel’s heirs fight for restitution by French museums (2020)

itsartlaw.org

The case concerns three paintings by André Derain that were restituted to the heirs of René Gimpel by the Paris Court of Appeals in 2020; the paintings were previously in national collections and later restituted to the heirs. The article notes the involved works and the December 2020-January 2021 restitution developments, including the mayor of Marseille restituting Pinède, Cassis.

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