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April 2022 Market Intelligence

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Fine art

Sotheby’s sets new record for Zhang Daqian at auction with a ca. HK$370.495 million sale of a Jin-ting Qing-lue landscape imitating Wang Ximeng

sothebys.com

Zhang Daqian’s imitation of Wang Ximeng's Imperial Landscape fetched HK$370,495,000, the highest price for a Zhang Daqian Chinese painting at Sotheby’s in Hong Kong, during the Chinese paintings spring sale. The work is titled Zhang Daqian imitation of Wang Ximeng Thousand Miles of Rivers and Mountains, with a gold-green ink landscape motif painted in 1947 and sold after an eighteen-minute bidding war to a Asian private collector. Sotheby’s reported the overall sale total for Chinese paintings at HK$517,923,300 with a near 90% sell-through rate.

Fine art

By Land and By Sea: The Collection of Paul Yeou Chichong

Sotheby’s

Sotheby’s presents the Paul Yeou Chichong collection across its Modern Evening, Modern Day and Old Master sales, bringing together works spanning Old Masters, Impressionism and Post-Impressionism, with a central group by Paul Gauguin.

A violin auction in France likened to a Leonardo da Vinci painting

cnn.com

The article discusses a 1736 Guarneri violin owned by Regis Pasquier that could fetch up to 10 million euros at auction in France. Sophie Perrine of Aguttes compares the instrument to a Leonardo da Vinci painting, Rembrandt, or Goya, highlighting its significance; Pasquier bought it more than 20 years ago and has played it publicly at venues such as Carnegie Hall and the Opera Garnier.

Fine art

Three Evening Auctions at Sotheby’s Hong Kong realise a combined total of HK$1.74 billion / US$221.8 million

sothebys.com

The press release covers three evening auctions at Sotheby’s Hong Kong that together realised HK$1.74 billion / US$221.8 million, the highest total ever achieved in a single evening at Sotheby’s Hong Kong. It mentions notable sales including De Beers Blue Diamond at HK$451 million / US$57.5 million, Picasso’s Dora Maar at HK$169.4 million / US$21.6 million, Louise Bourgeois pieces including Spell-Binding Bronze Spider IV at HK$129 million / US$16.5 million, and engagement of artists like Wu Guanzhong, Chu Teh-Chun, Yoshitomo Nara, and Pablo Picasso.

Fine art

Picasso portrait brings Sotheby’s Hong Kong evening sales to $164.2 million

artnews.com

Pablo Picasso, Dora Maar, 1939 is highlighted in Sotheby’s Hong Kong modern and contemporary art evening sales which total $164.2 million, within the HK$927 million–1.4 billion ($118 million–$178 million) presale range. The auction featured high sell-through and records for 14 artists, including Anna Weyant, Louise Bonnet, Tomokazu Matsuyama, Robert Alice, Chris Huen Sin Kan, Michael Lau, Atsushi Kaga, and Peter McDonald.

Sonixinema releases Solo Viola instrument for Kontakt Player

rekkerd.org

The article reports that Sonixinema released Contemporary Soloist: Viola, a Kontakt Player powered library featuring articulations such as Legato, Sustains, Spiccato, Pizzicato, Tremolo, Col Legno, Arpeggio Crossings, Warped Sustains, Circular Bowing, Harmonic Falls, Harmonic Wavers, Harmonic Glissando and Seagull Screeches. It highlights performance by violist Bruce White, and notes the product is designed for modern cinematic sound with an intuitive interface, available at a 30% introductory discount (£69 GBP, regular £99 GBP). A bundle including Cello, Violin, and Viola is £227 GBP, and a free Contempory Viola: Freebie patch is offered for testing with the full version of Kontakt.

A rare Guarneri violin, handmade in 1736, could fetch $10M at auction

robbreport.com

The article discusses a 1736 Guarneri violin from Cremona, handmade by Giuseppe Guarneri, currently owned by Regis Pasquier, and valued at up to $10.6 million with a base estimate of $4.2–4.8 million. It notes that Guarneri violins are extremely rare and that no Guarneri Del Gesu violin has appeared at auction for more than a decade.

A near three-century-old violin auctioned in France could fetch up to 10 million euros

reuters.com

Reuters reports a 1736 Guarneri del Gesù violin, owned by virtuoso Regis Pasquier and described as a ‘Leonardo da Vinci of violins,’ could sell for as much as €10 million at auction in Neuilly-sur-Seine, France. The instrument is crafted by Giuseppe Guarneri and is one of about 150 violins by the luthier; Sophie Perrine of Aguttes speaks to its significance.

A da Vinci of violins goes up for auction in France

inkl.com

The article discusses a near three-century-old Guarneri violin, praised as a Leonardo da Vinci of violins, which could fetch up to 10 million euros at auction in France. It was crafted in 1736 by Giuseppe Guarneri, owned by Regis Pasquier, and will go to auction on June 3 after a three-day viewing; base price is 4 to 4.5 million euros.

Fine art

Sotheby’s Hong Kong modern and contemporary evening sales set new records

news.artnet.com

Pablo Picasso’s portrait Dora Maar and Wu Guanzhong’s Plum Blossoms were among top lots that surpassed HK$100 million at Sotheby’s Hong Kong Modern and Contemporary evening sales on April 27, 2022, contributing to a total of $164.2 million for the two events. The sale featured strong Asian buyer participation and online bidding, with a De Beers diamond lot as a single-lot sale.

Fine art

Christie’s Market Update: ["Christie’s Announces 20/21 Marquee Week Day Sales - Christie's", 'Christie’s Announces 20/21 Marquee Week Day Sales']

Christie’s

Christie’s documents the market development behind ["Christie’s Announces 20/21 Marquee Week Day Sales - Christie's", 'Christie’s Announces 20/21 Marquee Week Day Sales']. Its account reports that nEW YORK – Christie’s is pleased to announce the Spring Marquee Week Day Sales taking place this May in New York.

Fine art

Restitution of Nazi looted art

russell.nl

Paul Russell writes about restitution of looted art from World War II, focusing on three cases involving the Flersheim family and artworks by Jan Toorop; the article discusses Dutch museums and restitution efforts, including Thames at London (Boijmans Van Beuningen) and Prayer Before the Meal.

Giuseppe Rocca violin returned after disappearance in the 1990s

theviolinchannel.com

The Giuseppe Rocca violin, an 1861 instrument from the Alessandro Scarlatti Conservatory collection, was recovered after disappearing during the 1990s. Police and conservatory officials coordinated the return, with involvement from curator Giovanni Paolo Di Stefano and Renato Meucci, among others.

Fine art

Christie’s Market Update: ["Christie's Launches Art Relief Initiatives for Ukraine - Christie's", "Christie's Launches Art Relief Initiatives for Ukraine"]

Christie’s

Christie’s documents the market development behind ["Christie's Launches Art Relief Initiatives for Ukraine - Christie's", "Christie's Launches Art Relief Initiatives for Ukraine"]. Its account reports that new York / London – This April and May, Christie’s will present an international program of exhibition and sales initiatives from London to New York to benefit Ukraine.

Fine art

Zao Wou-ki’s largest 1960s masterpiece to be offered at auction

press.christies.com

The press release discusses Zao Wou-ki’s painting 29.09.64., described as his largest and most valuable work from the 1960s, to be offered at Christie’s Hong Kong 20th and 21st Century Art Evening Sale on May 26 at the Hong Kong Convention and Exhibition Centre. The work is from the artist’s 1960s Hurricane Period and carries an estimated price of HK$220,000,000 – 280,000,000 (US$29,000,000 – 36,000,000).

Fine art

Supreme Court revives case of Nazi looted Pissarro painting

artnews.com

The U.S. Supreme Court revived a longstanding lawsuit over the ownership of Camille Pissarro’s Rue Saint-Honoré, Après-midi, Effet de Pluie, which the Cassirer heirs allege was sold under duress to a Nazi art appraiser and is now housed at the Thyssen-Bornemisza Museum in Madrid; the court’s decision centers on applying state law rather than federal law in the Foreign Sovereign Immunities Act case. The painting, valued in the tens of millions, was surrendered to the Nazis in 1939 and remains a restitution target for Lilly Cassirer’s heirs.

Fine art

US Supreme Court sends dispute over Nazi looted Pissarro back to California court, reopening door for restitution claim

theartnewspaper.com

The Art Newspaper reports that the US Supreme Court issued a unanimous decision on April 21, remanding the case over Camille Pissarro’s Rue St Honoré, apres-midi, effet de pluie (1897) to a California court. The painting, owned by Lilly Cassirer Neubauer and held by the Thyssen-Bornemisza Collection Foundation, involved a dispute over which law applies in FSIA-related expropriation claims.

Fine art

Supreme Court revives fight over painting stolen by Nazis

apnews.com

The Supreme Court unanimousy ruled to send back to lower courts the dispute over Camille Pissarro's Rue Saint-Honoré in the Afternoon, Effect of Rain, determining whether Spanish or California law should apply to restore the painting to the Cassirer family. The painting, valued at tens of millions and currently in a Spanish museum, was believed lost or destroyed by the Cassirer family for decades.

Fine art

Supreme Court sides with German Jewish heirs in case over art stolen by Nazis

thehill.com

The Supreme Court ruled unanimously in favor of the Cassirer family descendants, requiring a Spanish museum to turn over a Camille Pissarro painting that was stolen by the Nazis in 1939. Justice Elena Kagan wrote the decision, applying California law to the case despite the museum being operated by Spain; the painting is valued at about $40 million.

Fine art

International institutions to acquire artworks from Souls Grown Deep

artnews.com

The Souls Grown Deep Foundation and Community Partnership announced that Tate Modern in London, the National Gallery of Victoria in Melbourne, and the Pinault Collection in Paris and Venice will acquire artworks from Souls Grown Deep’s collection, marking the first time works from the collection are acquired internationally. The foundation holds the largest collection of artworks by Black artists from the Southern United States, with about 1,000 works by more than 160 artists.

Fine art

‘Eagles’ eyes for excellence’: the shared vision of Thomas and Doris Ammann

christies.com

Thomas and Doris Ammann built a renowned post-war and contemporary art collection and became respected art dealers. The collection includes works by Andy Warhol, Cy Twombly, Robert Ryman, Brice Marden and Sigmar Polke, with other talents such as Francesco Clemente, Ann Craven and Klaudia Schifferle. Christie’s is offering highlights from the collection in New York in May to benefit the Thomas and Doris Ammann Foundation.

Fine art

Mark Rothko and Yayoi Kusama highlighted in new acquisitions at Museum of Contemporary Art San Diego

seegreatart.art

Mark Rothko is mentioned alongside Yayoi Kusama and Yolanda López in MCASD's new acquisitions. Kusama's Dreaming Pumpkin (2012) is gifted by Joan and Irwin Jacobs for the lobby of the expanded La Jolla campus. Yolanda López's Runner: On My Own! (1977) will be shown at the MCASD Downtown campus. The article also lists additional acquisitions from Mely Barragán, Maren Hassinger, Richard Hunt, Isaac Julien, Anselm Kiefer, and Morris Louis, as MCASD expands its collection and presents its inaugural collection installation.

Paris. L'histoire improbable d'un violon à 100 000 euros volé dans un train et retrouvé près d'une poubelle

dna.fr

The violin worth about 100,000 euros owned by Enrico Tedde of the Orchestre des Champs-Elysées was stolen from a train between Paris and Poitiers and later found near a Paris trash bin by a passerby. The instrument, a late 19th-century violin, was recovered thanks to clues including the owner's passport and sheet music, and Tedde confirms the emotional impact of the loss and recovery.

Fine art

Pablo Picasso’s Buste d’homme dans un cadre from the Estate of Sir Sean Connery to lead Christie’s Hong Kong 20th and 21st Century Art Evening Sale

press.christies.com

Pablo Picasso’s Buste d’homme dans un cadre from the Estate of Sir Sean Connery is highlighted as a lead work for Christie’s Hong Kong 20th and 21st Century Art Evening Sale, scheduled for 26 May at the Hong Kong Convention and Exhibition Centre. The work is described as one of Picasso’s finest late paintings with an estimated value in the region of HK$150 million/US$19 million.

Fine art

Modern Art Sale Sets Record at Clars

clars.com

Loie Hollowell Point of Entry (Blood-Orange Moon Over Orange Sac) sold for $1,050,000, setting a new record for Hollowell in the United States; Pablo Picasso Etudes VII (d’apres Manet) sold for $150,000; Maria-Mela Muter Fishing Town with Women on Beach/Seascape with Trees sold for $106,250 in Clars’ modern and contemporary sale in Oakland, California.

Fine art

$25 million Monet painting to be sold at Christie’s New York in May

artnews.com

Claude Monet’s La Mare, effet de neige (1874–75) will be offered at Christie’s New York in May as part of an evening sale of 20th century art. The work is being sold as part of a restitution settlement for its original German Jewish owner, with proceeds split between the owner’s heirs and the current French owners; the price is expected to be between $18 million and $25 million. Monet’s previously set auction record of $110.7 million was achieved at Sotheby’s in New York in 2019.

Fine art

Anonymous buyer pays over $1 million for invisible art

smithsonianmag.com

The piece by Yves Klein, selling receipts for invisible zones, fetched over $1 million at auction; the buyer paid with cryptocurrency for the first time at Sotheby’s, with the piece once tied to a ritual of burning receipts and half the payment dumped into the Seine. The receipt, signed by Klein in 1959, was owned by Jacques Kugel and later Loïc Malle before auction; the sale surpassed its estimated range of $300,000 to $550,000.

Torna al Conservatorio il violino più prezioso rubato a Palermo alla fine degli anni ’90 (VIDEO)

blogsicilia.it

BlogSicilia reports that 26 valuable instruments were stolen from the Conservatorio Alessandro Scarlatti in Palermo at the end of the 1990s and early 2000s, with the most important piece recovered being the Giuseppe Rocca violin from 1861, valued at 350,000 euros. The instrument was returned to the conservatory by the Carabinieri in the presence of directors and curators, after lengthy investigations and international legal steps.

Violino Rocca del 1861 restituito dai carabinieri al Conservatorio Alessandro Scarlatti di Palermo

comunicalo.it

The 1861 Giuseppe Rocca violin, stolen in the late 1990s, was returned to the Conservatorio di Musica Alessandro Scarlatti in Palermo during a ceremony on April 8, 2022. The return involved Magg. Gianluigi Marmora and was witnessed by university and museum officials, following a lengthy investigation that traced the instrument through restitution and a 2007 private sale in Germany, with a total value cited around 350,000 euros.

Fine art

Phillips to Host at the Crossroads a Collection of Works by Lee Jaffe

Phillips

Phillips’s preserved release documents Phillips to Host at the Crossroads a Collection of Works by Lee Jaffe and details the principal works, sale terms, or market results.

Fine art

Christie’s presents masterworks from the Alana Collection

press.christies.com

Christie’s announces Old Masters | New Perspectives: Masterworks from the Alana Collection, featuring Italian Old Master paintings, sculptures, and Antiquities. The sale, comprising over 50 works, will be held in a single-owner live auction at Rockefeller Plaza on June 9, 2022, with a global tour to London, Hong Kong, New York, and Los Angeles; proceeds will benefit a charitable arts and education organization. The collection highlights Gothic, Italian Renaissance, and Baroque works led by Fra Angelico, Orazio Gentileschi, and El Greco.

Muncie musician's valuable violin recovered by police for a second time

thestarpress.com

The Muncie Star Press reports that police recovered a valuable 1948 Gaetano Gadda violin stolen from a member of Orchestra Indiana, traced to a residence in Anderson, Indiana, and returned to its owner. The instrument had been stolen in 1984 and previously recovered in 2008; authorities say it has sentimental and monetary value, possibly approaching six figures.

Fine art

Jeff Koons X BMW art car sells at Christie’s charity auction for $475,000

designboom.com

Jeff Koons created the BMW art car THE 8 X JEFF KOONS, which sold at Christie’s charity auction for 475,000 dollars, with proceeds going to the International Centre for Missing & Exploited Children (ICMEC). The one-of-a-kind BMW M850i xDrive Gran Coupé edition was signed by Koons and is part of a limited run of 99.

Fine art

Christie’s Market Update: ["Christie’s Presents a Rediscovered Drawing by Michelangelo - Christie's", 'Christie’s Presents a Rediscovered Drawing by Michelangelo']

Christie’s

Christie’s documents the market development behind ["Christie’s Presents a Rediscovered Drawing by Michelangelo - Christie's", 'Christie’s Presents a Rediscovered Drawing by Michelangelo']. Its account reports that paris – Christie's is honoured to announce the sale of a previously unknown drawing by Michelangelo, A nude young man (after Masaccio) surrounded by two figures , executed early in his career.

Fine art

Remarkable infrared images reveal buried underpaintings in Picasso’s Blue Period works

news.artnet.com

Pablo Picasso, The Blue Room (1901) is discussed in the context of infrared imaging that revealed hidden underpaintings in Blue Period canvases. The research, linked to the exhibition Picasso: Painting the Blue Period at the Phillips Collection, builds on prior scans of The Blue Room by John Delaney and colleagues at the National Gallery of Art.

Chamber Music Society to present sextets by Brahms and Tchaikovsky

palmbeachdailynews.com

The Chamber Music Society of Palm Beach will perform its penultimate program of the season, “Spectacular Sextets,” at the Norton Museum of Art featuring Brahms String Sextet No. 1 in B-flat, Op. 18 and Tchaikovsky Souvenir de Florence. The ensemble includes Arnaud Sussmann, Chad Hoopes, Matthew Lipman, Tien-Hsin Cindy Wu, Nicholas Canellakis and Colin Carr.

Regina musician’s 18th-century violin stolen

globalnews.ca

The article reports that Katie Gannon, a violinist with the Regina Symphony Orchestra, had her rare 18th-century Italian-made violin stolen during a burglary at her Cathedral area home. The instrument was handcrafted in 1795 and was bought for $18,000 about 15 years ago.

Fine art

Philip Guston’s 1950s Abstract Expressionist Nile to make auction debut at Sotheby’s this May

sothebys.com

Philip Guston Nile, a 1958 Abstract Expressionist work, is headed to Sotheby’s in its first public auction debut in decades, alongside other works from his later figurative period. The piece will be offered in Sotheby’s Modern Evening Auction in May to benefit the O’Donnell Foundation and coincides with the Philip Guston Now retrospective at the Museum of Fine Arts Boston.

Fine art

How much does it cost to acquire a viral Yayoi Kusama infinity room? The answers may surprise you

news.artnet.com

Yayoi Kusama’s Infinity Mirrored Room My Heart Is Dancing into the Universe (2018) is noted as being on view at the Hirshhorn Museum. The article discusses the cost range of Infinity Rooms, stating prices have risen from under $1 million to six figures up to many millions, and mentions comparisons to artists like Jeff Koons and Andy Warhol. It also highlights museum attendance statistics related to the Kusama installation.

Fine art

Squish! The Louvre puts the kibosh on the $26.8 million sale of Chardin’s record-setting strawberry painting

news.artnet.com

Jean-Baptiste-Simeon Chardin's Basket of Wild Strawberries sold for €24.4 million ($26.8 million) at Artcurial in Paris, but the Louvre has moved to acquire the painting and classify it as a national treasure to prevent export. The sale set a new auction record for Chardin and for an 18th-century French painting, with Artcurial handling the auction in Paris.

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