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July 2021 Market Intelligence

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From Stradivarius violins to a Gibson Les Paul, antique instruments and vintage guitars are 2021’s smartest financial investment – really

scmp.com

The article discusses how antique stringed instruments, notably Stradivari violins, are seen as strong investments, with mentions of a 1742 Guarneri del Gesù and high prices such as US$30,000 for a vintage guitar and US$325,000 for a 1960 Gibson Les Paul. Florian Leonhard, an antique violin restorer and dealer, is quoted describing demand in the Far East and the rarity driving prices.

Fine art

the cox collection: the story of impressionism

press.christies.com

The Cox Collection: The Story of Impressionism is a Christie’s press release about one of the greatest American collections to appear on the market in November, featuring works by Caillebotte, Cézanne and van Gogh among 25 pieces, with a decorative arts sale online in December and an expected realization over $200 million.

BREAKING Prizes awarded at Stuttgart International Violin Competition

theviolinchannel.com

Eva Rabchevska of Ukraine won first prize at the 2021 Stuttgart International Violin Competition in Stuttgart, Germany, receiving €25,000 and use of a 1746 Guadagnini violin on loan from the Guadagnini Foundation. Hana Chang (US) and Anna Agafia Egholm (Denmark) won second and third prizes respectively (€15,000 and €10,000), with Gyehee Kim (South Korea) receiving fourth prize. Hana Chang also won a special prize of €3,000 for a performance of the commissioned work APOPLEX.

Fine art

France acquires two Fragonard paintings long thought to be missing

artnews.com

France acquired two Fragonard paintings, Le Jeu de la Palette and La Bascule, long thought to be missing, now displayed at the Musée Fabre in Montpellier. The works, ca. 1760–65, re-emerged in 2017 after a family found them while inventorying a castle in Normandy; their last record was a 1786 sale to Pierre Bergeret de Grandcourt. The French state reportedly paid an amount around €6 million in 2017 to keep them in France, with funding help from the Louvre.

Fine art

Rare female Māori statue fetches world record $3.7m at Christie's, Paris auction

nzherald.co.nz

The NZ Herald reports that a rare carved Māori statue of a tattooed woman fetched a world record $3.7 million at Christie's in Paris. The 37 cm high pou whakairo, previously owned by notable collectors and dealers, saw intense bidding and was initially catalogued with an estimate of EUR 400,000–600,000 (NZ$680,000–NZ$1m).

Fine art

6 Questions for Poly Auction Specialist Jamie Yu on a record-setting Nara, and what it means for his market

news.artnet.com

Jamie Yu leads Poly Auction Hong Kong's Modern and Contemporary Art department. Yoshitomo Nara’s Berlin Barack, Room 1 (2007) sold for HK$120 million in Poly’s Modern and Contemporary Art sale, a record for a three-dimensional Nara work and a high mark for the artist overall, followed by a June Philips-coordinated sale that set 17 new auction records. The article discusses Yu’s path to her role, the significance of Berlin Barack, Room 1, and the outlook for Nara’s market.

Bpoli-ka: violin left on train; owner relieved after discovery

presseportal.de

The Karlsruhe Bundespolizei reported that a traveler forgot a violin case on a train, which had already departed. Officers located the train with Deutsche Bahn and searched a storage area at Karlsruhe main station, recovering the case and the instrument. The 1923 instrument is valued at 100,000 euros, with three bows valued at 10,000 euros each, and the owner was contacted.

Fine art

Christie’s Market Update: RESULTS: THE ROGER FEDERER COLLECTION - THE ONLINE AUCTION

Christie’s

Christie’s documents the market development behind RESULTS: THE ROGER FEDERER COLLECTION - THE ONLINE AUCTION. Its account reports that christie’s Global – The Roger Federer Collection - Sold to Benefit The RF Foundation realised a combined total of £3,429,125 across The Live Auction (23 June) and The Online Auction (23 June – 14 July).

Fine art

Christie’s Market Update: CHRISTIE'S SALES TOTAL £2.5B / $3.5 B IN FIRST HALF 2021Second Best Total in the Last 6 Years - Christie's

Christie’s

Christie’s documents the market development behind CHRISTIE'S SALES TOTAL £2.5B / $3.5 B IN FIRST HALF 2021Second Best Total in the Last 6 Years - Christie's. Its account reports that founded in 1766, Christie’s is a world-leading art and luxury business with a physical presence in 46 countries throughout the Americas, Europe, Middle East, and Asia Pacific, and flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva.

Fine art

Christie’s London Old Masters sale sets records for Georges de la Tour and six other artists

news.artnet.com

Christie’s London Old Masters sale brought in £45.3 million ($52.8 million) with 46 of 59 lots sold. The event included record prices for Georges de La Tour, Bernardo Bellotto, and Adriaen van de Velde. The sale featured five works with financial guarantees, and Sotheby’s offered £17.2 million ($23.8–$23.9 million) with a lower sell-through.

Violinist Yamen Saadi granted use of ex-Kreisler Stradivari

theviolinchannel.com

The article reports that Austrian-American violinist and composer Fritz Kreisler owned the 1734 'Lord Amherst of Hackney' Stradivari, and that Nazareth-born Yamen Saadi has been granted use of the instrument for three years. The loan is arranged via Stephan Jansen for a member of the Stretton Society. Saadi is a student of Chaim Taub, Mihaela Martin, and the Kronberg Academy, has won the Paul Ben Haim Competition, and has performed with major orchestras including the Staatskapelle Berlin, Jerusalem Orchestra, Orchestra de Valencia, and Haifa Orchestra. An album of Faure, Poulenc, and Ysaye recorded on this Stradivari is planned for later this year.

Fine art

Bellotto and de La Tour works lead Christie’s London Old Masters sale

artnews.com

Bernardo Bellotto’s View of Verona with the Ponte delle Navi (ca. 1745–47) and a work by Nicolas de La Tour headlined Christie’s London Old Masters Evening Sale, which totalled £37.3 million ($51.5 million) on the hammer (£36.7m–£56.2m pre-sale). A Leonardo da Vinci bear’s head drawing sold for £8.8 million with fees. The 59-lot sale had a 78% sell-through rate, with most bidding from Europe, the Middle East, and Africa.

Fine art

The exceptional sale Leonardo da Vinci head of a bear achieves a world auction record

press.christies.com

Leonardo da Vinci’s Head of a Bear, the leading lot in Christie’s Exceptional Sale in London, realized £8,857,500 (US$12,196,778; Euros 10,327,845), setting a new world record for a drawing by the artist. The work, a silverpoint study of a bear’s head, is one of fewer than eight surviving Leonardo drawings outside private hands, and measures 2 ¾ x 2 ¾ inches (7 x 7 cm).

Fine art

Van Dyck painting recovered by monuments men to sell at Sotheby’s

artnews.com

Anthony van Dyck painting recovered by the Monuments Men to be sold at Sotheby’s London; estimated price £1 million–£1.5 million ($1.4 million–$2 million). The work is a 17th‑century family portrait of Cornelis de Vos with his wife Suzanna Cock and their two children, painted when van Dyck was about 20, and is currently in a private collection after being returned to the Katz heirs in 1948.

Fine art

Picasso and Magritte works top Christie's recent $212.5 million sales

robbreport.com

Picasso and Magritte works led Christie’s marquee London and Paris sales which totaled $212.5 million across 82 lots. The highest-profile pieces included Picasso’s L’étreinte (1969); Magritte is referenced with La Vengeance (1936) among the featured works. The sale details mention a 90 percent sell-through and a pre-sale estimate of $128 million, with Banksy’s Love Is In The Air (withdrawn) noted in the London session.

Fine art

Three women, two cities, and a sea of Asian bidders christie's london to paris sale delivers 'strongest summer season' since 2017

theartnewspaper.com

The Art Newspaper reports on Christie's London to Paris sale, noting that 20th/21st century evening sales were conducted by multiple women auctioneers, and that Asian bidding was at historic levels. The sale, spanning London and Paris, achieved £153.6m (fees) with 90% sold by lot, and Christie's claimed its strongest summer season since 2017.

Fine art

Picasso, Giacometti anchor Christie’s $212.5 million London to Paris sales

artnews.com

Picasso and Giacometti anchor Christie’s London to Paris sales totaling $212.5 million with 82 lots sold. Giovanna Bertazzoni noted this result as the highest in the region since 2017. The London session included Banksy’s withdrawal and the sales featured marquee 20th/21st century works.

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