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November 2022 Market Intelligence

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One of the finest Guarneris in existence: the 1734 ‘Violon du Diable’

tarisio.com

The article discusses the 1734 Guarneri known as the Violin du Diable, famed as one of the finest Guarneri instruments. It mentions Fritz Kreisler, Alfred Hill, and J. B. Vuillaume praising the instrument, and notes its sale by Tarisio to a private collector. The piece also explains the name arising from the ballet Le Violon du Diable and provides historical context about the ballet and its figures.

Fine art

A German foundation is selling a Lichtenstein, Christo and more 1960s and ’70s art from West Berlin in two major sales

usaartnews.com

A German foundation, the Schering Stiftung, is selling works including a Roy Lichtenstein lithograph Peace Through Chemistry II (1970) and Christo’s Wrapped Reichstag collage (1977) from its West Berlin-focused collection in two sales, one a December 2 auction and a February selling exhibition at Grisebach. The sale highlights reflect West Berlin during the 1960s and 70s, with artists such as Karl Horst Hödicke, Peter Sorge, and Johannes Grützke represented in the collection.

Fine art

Paul Allen’s masterpiece collection sells for record-breaking $1.6 billion at Christie’s

artlawandmore.com

Paul Allen’s collection, spanning over 500 years and including works by Georges Seurat, Vincent van Gogh, Paul Cézanne and Jan Brueghel the Younger, sold in two Christie’s New York auctions for a combined total of $1.6 billion; the first sale brought £1.5 billion and the second totaled $116 million, with proceeds planned to be donated to philanthropic causes.

Fine art

The Detroit Institute of Arts was the first U.S. museum to buy a Van Gogh. Its new show explores why Americans were slow to warm to the artist

news.artnet.com

Vincent van Gogh, Self Portrait (1887) is in the Detroit Institute of Arts Collection, purchased in 1922. The article discusses how the DIA was the first U.S. museum to own a Van Gogh and a forthcoming show examining why Americans were slow to embrace the artist, highlighting works in U.S. and overseas collections.

Fine art

Washington, DC’s National Gallery of Art acquires Leonardo da Vinci drawing that helped inspire centuries of caricature artists

theartnewspaper.com

Leonardo da Vinci, Grotesque Head of an Old Woman, circa 1489-90, was acquired by the National Gallery of Art in Washington, DC. The drawing, which influenced caricature art through the centuries, was donated by Dian Woodner. It is one of ten Leonardo drawings in American public collections, with NGA owning one other sheet acquired in 1991; the work has not been planned for display but has appeared in NGA exhibitions since 1995.

Fine art

Christie’s sold more than $2 billion worth of art in New York, but its 20th and 21st century auctions had major disappointments

news.artnet.com

The article reports that Christie’s in New York sold $421.9 million during its 20th and 21st century auctions, contributing to a total of more than $2 billion in the bellwether sales. The top lot was Jean-Michel Basquiat’s Sugar Ray Robinson (1982), which sold for $32.7 million, below its $35 million estimate. Other notable results included a lack of bids for Willem de Kooning’s Untitled III, and failed sales of works by Paul Gauguin, Hans Hofmann, Dana Schutz, Robert Gober, and Albert Oehlen; a Clyfford Still painting was withdrawn.

Fine art

Modigliani and Basquiat push Christie’s New York double-header sales of 20th and 21st century art to $421.9m

theartnewspaper.com

The article reports Christie’s New York 20th and 21st century evening sales bringing in $421.9 million (with fees). It covers results for the 20th century sale totaling $255.2 million ($307.9 million with fees) and the 21st century sale totaling $95.2 million ($114 million with fees), with multiple artist records and third‑party guarantees noted. Artists mentioned include Jean‑Michel Basquiat, Amedeo Modigliani, Edouard Manet, Andy Warhol, Howardena Pindell, René Magritte; artworks referenced include Basquiat’s Sugar Ray Robinson (1982), Modigliani works implied in the context of the sale, and Magritte pieces such as L’autre son de cloche (1952) and Le monde visible (1963). The currency figures are in USD and the totals include fees.

Fine art

Basquiat, Rothko and Modigliani lead Christie’s 20th and 21st Century Evening Sales

christies.com

Basquiat’s Sugar Ray Robinson sold for $32,679,000 in the 21st Century Evening Sale. Mark Rothko’s Untitled and Amedeo Modigliani’s Beatrice Hastings (devant une porte) each realised $17,565,000 as top lots of the 20th Century Evening Sale. The combined 20th and 21st Century Evening Sales totalled $422,036,700, with the entire week reaching $548,287,704 and the Paul G. Allen Collection sale contributing to a weekly total of $2,170,537,204.

Fine art

Chagall painting stolen by Nazis sells for $7.4 million at U.S. auction

ynetnews.com

Marc Chagall's 1911 oil on canvas, The Father, sold for $7.4 million at a Phillips auction in New York. The painting was owned by Polish-Jewish violin maker David Cender, who lost it during the Holocaust and later recovered portions of its provenance before entering the Pompidou and the Museum of Jewish Art and History in Paris.

Fine art

Record-breaking Mondrian leads an evening of mixed results at Sotheby’s marquee Modern art sales in New York

usaartnews.com

The Sotheby’s sale in New York featured a strong single-owner Solinger collection and a quieter Modern evening sale. The Solinger collection delivered a hammer total of $116.3 million ($137.9 million with fees) against a pre-sale estimate of $86.7 million to $118 million, while the Modern evening auction totaled $336.3 million ($391.2 million with fees).

Fine art

Five years since the 450m Salvator Mundi sale: a first-hand account of the nonsensical auction

theartnewspaper.com

Scott Reyburn reports on the five-year reflection of the 2017 Salvator Mundi sale at Christie’s New York, detailing a chaotic 18-minute bidding process that culminated in a $450.3m result with fees; the article recounts the author’s perspective as a journalist present at the auction and references the prior private sale by Sotheby’s and subsequent litigation involving Dmitry Rybolovlev, Yves Bouvier, and others.

Fine art

Masterpiece by Rubens to lead one of greatest collections of old master paintings assembled in living memory

salonprivemag.com

The page highlights a Rubens painting, Salome presented with the severed head of Saint John the Baptist, as the lead work in Sotheby’s Master’s Week Auctions, tied to the Fisch Davidson collection which includes works by Guercino, Bernardo Cavallino, Valentin de Boulogne, Orazio Gentileschi and Rubens. It notes the rediscovery of the Fisch Davidson Rubens and quotes Sotheby’s executives on the collection’s significance.

Fine art

The Back Room: One Point Five Billion Dollars

news.artnet.com

The article covers Christie’s billion-dollar evening sale of Paul G. Allen’s collection in New York, noting the hammer total of $1.3 billion and the $1.5 billion in fees after premiums. It references Lucian Freud’s Large Interior, W11 (after Watteau) and discusses the broader market context and first-person takeaways from the sale.

Fine art

A Van Gogh record: landscape of orchard with cypresses soars to $117m at Paul Allen auction

theartnewspaper.com

The Art Newspaper reports that Van Gogh's Orchard with Cypresses (Verger avec cyprès) from April 1888 sold at Christie’s New York for $117,180,000 at Paul Allen’s collection sale, setting a new record for the artist. The hammer price was $102,000,000 with buyer’s premium bringing the total to $117,180,000; three bidders on phones participated, with the winning bid anonymous.

Fine art

Microsoft co-founder Paul Allen's collection brings record-smashing $1.5bn at Christie’s evening sale in New York

theartnewspaper.com

Paul Allen's collection sold at Christie’s in New York for a record $1.5 billion in an evening sale. The auction total was $1.296 billion with all 60 lots sold, including notable works like Georges Seurat’s Les Poseuses, Ensemble (Petite version) and Pablo Picasso’s Quatre baigneuses, as well as a Calder stabile; the sale set a new single-session, single-owner record.

Fine art

Paul G. Allen collection sale sets auction record as biggest in history

christies.com

Georges Seurat's Les Poseuses, Ensemble (Petite version) sold for $149,240,000 in Visionary: The Paul G. Allen Collection Part I at Christie’s New York, part of a sale totaling $1,506,386,000 for 60 works; overall sale proceeds reached $1,622,249,500 across Part I and Part II, with 5 paintings above $100 million and the collection described as the most valuable private collection in history.

Fine art

Christie’s Market Update: ["The Paul G. Allen Collection at Christie’s Totals $1.62 Billion - Christie's", 'The Paul G. Allen Collection at Christie’s Totals $1.62 Billion']

Christie’s

Christie’s documents the market development behind ["The Paul G. Allen Collection at Christie’s Totals $1.62 Billion - Christie's", 'The Paul G. Allen Collection at Christie’s Totals $1.62 Billion']. Its account reports that bonnie Brennan, President, Christie’s Americas , said, “ What a week we’ve had at Christie’s in New York City.

Fine art

A Seurat painting owned by Paul Allen sold for $149 million at Christies

artnews.com

Georges Seurat, Les Poseuses, Ensemble (Petite version), 1888-1890, from the Paul Allen collection, sold for $149 million at Christies in New York. The painting previously changed hands from John Quinn and set a new artist record, with a final price including fees.

Fine art

Visionary: The Paul G. Allen Collection Part I totals $1.5 billion in a single night

press.christies.com

The press release discusses Christie’s Visionary: The Paul G. Allen Collection, Part I, at Rockefeller Center in New York on November 9, 2022, which achieved a total of $1,506,386,000. Alberto Giacometti’s Femme de Venise III set a world record at $25,007,500, and five paintings exceeded $100 million each with multiple top lots for the sale; Georges Seurat, Paul Cezanne, and Vincent van Gogh are named among highlighted works.

Fine art

Late tech billionaire Paul Allen's collection brings $1.5 billion at Christie's

artnews.com

Paul Allen's collection at Christie’s in New York fetched $1.5 billion with fees, the highest ever for a single-owner sale. The event surpassed prior records set by Sotheby’s Macklowe collection and Christie’s David Rockefeller sale. 60 lots were offered with financial guarantees and strong bidding, raising expectations and highlighting continued demand for blue-chip art.

Fine art

The Ann and Gordon Getty Collection totals in excess of $150 million

salonprivemag.com

The Ann & Gordon Getty Collection totals in excess of $150 million across ten auctions at Christie’s, with four artist records set and a breakdown of global participation (55% Americas, 13% APAC, 32% EMEA). The sales included four live auctions and six online sales, all lots sold, and proceeds benefiting the Ann and Gordon Getty Foundation for the Arts. Notable highlights include the Venice, the Grand Canal looking East with Santa Maria della Salute by Canaletto in Volume 1 and Mary Cassatt’s Young Lady in a Loge Gazing to Right as the top lot at $7,489,000.

Fine art

The Rumor that LVMH is buying Gagosian just won’t die. There may be something to it, but not what you think

news.artnet.com

The article discusses rumors that LVMH could acquire or financially back the Gagosian gallery, with a speculative scenario of a $1 billion line of credit forming the basis of a Larry and Bernard LLC arrangement. It notes public denials by Gagosian and LVMH, and references past sales such as Warhol’s Shot Sage Blue Marilyn reportedly bought by Gagosian for $195 million at Christie’s in May. The piece frames the rumor as persistent but unverified, citing sources and commentary from industry insiders.

Fine art

Inside Paul Allen’s billion-dollar art auction

forbes.com.au

Paul Allen’s posthumous art collection, featured alongside works by Botticelli, Cezanne, Seurat, Monet and Hockney, is set to go on the block at Christie’s. The auction aims to exceed previous records, with presale pieces like Georges Seurat’s Les Poseuses noted as a talisman of the collection and a presale estimate above $100 million.

Long-lost Stradivarius violin looted by Nazis is found in France

thetimes.com

The Times reports that a violin in France has been tentatively identified as the Lauterbach Stradivarius, a Stradivarius made in 1719 and looted from the Warsaw National Museum in 1944. Corinne Hershkovitch suggests strong presumption the instrument is the long-lost Lauterbach Stradivarius, with wood analysis supporting its manufacture date.

Nazi looted Stradivarius recovered by a French researcher

slippedisc.com

The article reports that a Lauterbach Stradivarius violin, dated 1719, looted from the National Museum in Warsaw in 1944, was tracked down by Pascale Bernheim and featured on the front page of Le Parisien. Pascale Bernheim's Musique et Spoliations aims to restore the looted instrument to its rightful owner; the hunt for the rightful owner has begun.

I like your tone: research suggests why older violins sound so good

theguardian.com

The Guardian article reports on Italian research finding that antique and higher-quality violins produce stronger and more audible phantom tones when two notes are played together. It notes these bell-like third sounds may be more discernible on older instruments. The piece quotes Linda Geddes, science correspondent, and discusses Stradivari violins and the value placed on antique instruments.

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