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January 2023 Market Intelligence

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Fine art

Remarkable Rubens and Bronzino paintings lead Masters Week to $100M in sales

sothebys.com

The article discusses Sotheby’s Masters Week results highlighting a Fisch Davidson Collection sale totaling $49.6 million, led by Salome Presented with the Head of Saint John the Baptist by Sir Peter Paul Rubens which sold for $26.9 million, and a Bronzino portrait that sold for $10.7 million, setting a world record for the artist.

BREAKING | Elmar Oliveira International Violin Competition announces winners

theviolinchannel.com

The Elevar Foundation’s Elmar Oliveira International Violin Competition (EOIVC) announced the winners of the 2023 competition held at Lynn University in Boca Raton, Florida. The First Prize went to Hina Khuong-Huu, Second Prize to Gabrielle Després, Third Prize to Laurel Gagnon, with Zachary Brandon receiving Honorable Mention; all four finalists receive a PRESTO Impulse bow from SHAR Music.

Fine art

René Magritte’s Le retour (circa 1950) to be a leading highlight in Christie’s annual The Art of the Surreal Evening Sale

press.christies.com

René Magritte’s Le retour (circa 1950) is identified as a leading highlight for Christie’s The Art of the Surreal Evening Sale in London on 28 February 2023. The work is described as a lyrical gouache featuring the oiseau de ciel motif, and related works Le retour (1940) and Le baiser (1951) are referenced as pendant pieces; the painting had not been publicly seen since 2004 and will be shown in New York, Hong Kong, and London prior to the sale.

Fine art

Bronzino and Van Dyck works lead Sotheby’s Old Masters sales

artnews.com

Bronzino, Portrait of A Man, Facing Left, With A Quill and a Sheet of Paper, ca. 1527, sold for $10.7 million, setting a new record for Bronzino. Anthony Van Dyck painting found in a farm shed contributed to the sale, which totaled $74.5 million (or $89.5 million with fees) for Sotheby’s Old Masters sales. The event also featured works by female Old Masters and Rubens’ Head of Saint John the Baptist Presented to Salome selling for $26.9 million.

Fine art

Record-breaking Goya portraits lead the way at Christie’s muted $62.7m Old Masters auctions in New York

usaartnews.com

A Christie’s Old Masters sale in New York kicked off with 76 works from the Jacqui Eli Safra collection totaling $14.7m, followed by a various-owners session that grossed $36.4m. Notable top sellers included Aert de Gelder’s Esther at her Toilet, Joos van Cleve’s Portrait of a Gentleman holding gloves, Artemisia Gentileschi’s studio piece The Magdalene Renouncing Worldly Vanities, and Hendrick Ter Bruggen’s Unequal Lovers, achieving prices ranging from $150,000 to $750,000, with fees bringing higher totals.

Fine art

Renowned collections and important re-discoveries headline Sotheby’s annual Masters Week sale series in New York

connoisseurmagazine.co.uk

The article discusses Sotheby’s Masters Week sales in New York, led by ten Baroque works from the Fisch Davidson Collection and a Dutch 17th‑century group from the Theiline Scheumann Collection, plus newly rediscovered Bronzino and a newly attributed Titian work. It mentions a rare early Van Dyck sketch found in a farm shed and other notable rediscoveries and private collections.

Fine art

Jewish collectors’ heirs sue the Guggenheim for return of Blue Period Picasso

theartnewspaper.com

The heirs of Karl and Rosi Adler claim Pablo Picasso’s Blue Period work Woman Ironing (La repasseuse) (1904) was sold under duress and seek its return or up to $200 million in compensation; the painting is currently in the Solomon R. Guggenheim Foundation’s collection, via a 1938 sale and subsequent transfers.

Dalibor Karvay received a Stradivarius from the 17th century for use

dennikn.sk

Slovak violinist Dalibor Karvay, principal concertmaster of the Vienna Symphony, was assigned a Stradivarius violin from 1694 by the Austrian National Bank. The bank owns about 45 similarly valuable string instruments and the collection includes nine Stradivari violins, two Guarneri del Gesù violins, and a Jacob Stainer violin, with provenance research emphasized.

Fine art

Jewish collectors’ heirs sue the Guggenheim for return of Blue Period Picasso

usaartnews.com

The heirs of Karl and Rosi Adler seek the return or compensation for Pablo Picasso’s Blue Period painting Woman Ironing (La repasseuse) (1904), currently in the Solomon R. Guggenheim Foundation, claiming it is in wrongful possession. They value the work at between $100 million and $200 million and allege it changed hands under duress after Nazi persecution.

Fine art

Japan insurer Sompo sued by heirs for $1.44 billion over allegedly wrongful ownership of Van Gogh Sunflowers painting

caproasia.com

The Caproasia page reports that heirs are suing Sompo for $1.44 billion over the alleged wrongful ownership of Vincent van Gogh's Sunflowers painting, which was bought at a 1987 Christie’s auction in London. The heirs claim the painting was forcibly taken from Jewish owner Paul von Mendelssohn-Bartholdy in Germany in 1934.

Fine art

Painter Peter Doig wins $2.5 million in sanctions against a gallery that tried to force him to take credit for another artist’s work

news.artnet.com

Peter Doig won a $2.5 million sanctions ruling in federal court against the Chicago gallery Bartlow Gallery Ltd. and its lawyer, William Zieske, and gallery owner Robert Fletcher, related to a dispute over a painting Doig disavowed. The article notes the original 2016 trial and identifies the actual artist behind the work as an inmate at Thunder Bay Correctional Center, with the painting later linked to Doig. The court reduced and allocated fees and expenses, and Doig stated he would donate any proceeds to a nonprofit supporting incarcerated artists.

Fine art

Heirs of German-Jewish banker sue for restitution of one of van Gogh’s most famous paintings

jta.org

The heirs of Paul von Mendelssohn-Bartholdy sue Sompo Holdings for the return of Vincent van Gogh’s painting Sunflowers or at least $750 million in punitive damages. The filing alleges the 1934 sale was forced by Nazi-era laws and coercion of Jews from the German economy and society; the painting was purchased at a 1987 Christie’s auction for $39.9 million and has since been displayed in Sompo’s Tokyo museum.

Fine art

A seminal four-metre-long painting by Edvard Munch exploring love, life and death on the Oslo Fjord

sothebys.com

Edvard Munch’s Dance on the Beach from the Reinhardt Frieze is discussed in a Sotheby’s press release. The painting, just over four metres wide, was created for Max Reinhardt’s Berlin theatre and is the only Reinhardt frieze work in private hands. It will be offered at Sotheby’s Modern & Contemporary Evening Sale in London on 1 March with an estimate of $15-25 million; previews run in London, Hong Kong, and New York.

Scottish violin from the early 1800s appears on eBay with £500k price tag

heraldscotland.com

The Herald article discusses a violin crafted by Edinburgh maker Matthew Hardie in the early 1800s, touted as the 'Scottish Stradivari'. The eBay listing shows a buy it now price of $995,000 AUD, about £566,000, with the instrument dated circa 1800 and certified by Andreas Woywod. Hardie violins are rare, with a historical record of high prices for his instruments.

Fine art

A prized Van Gogh was sold under Nazi threat, say the heirs of a Jewish banker who are suing to reclaim the painting from a museum

news.artnet.com

Vincent van Gogh, Sunflowers (1888) from the collection of the Sompo Museum of Art, Tokyo, is disputed in a lawsuit filed by the heirs of Paul von Mendelssohn-Bartholdy against Yasuda/Sompo. The painting, once sold in 1934 under Nazi pressure, was purchased at Christie’s London in 1987 for £25 million and later became part of Sompo Holdings, which currently owns it.

TOKYO Nippon Music Foundation began loaning Spanish violinist María Dueñas a Stradivarius Camposelice

m-festival.biz

The Nippon Music Foundation began loaning Spanish violinist María Dueñas a 1710 Stradivarius Camposelice. The Foundation had previously loaned a 1736 Guarneri del Gesu Munz since July 2019. Camposelice was purchased by the Foundation in 2004 and is named after the duke who bought it in 1884. Isabella Stewart Gardner owned it from 1894 to 1925, later passing to Váša Příhoda and others. Dueñas, aged 20, is from Granada, Spain, and has won several major violin competitions, including the 2018 Vladimir Spivakov International Violin Competition, the 2021 Victor Tretyakov International Violin Competition, and the Yehudi Menuhin International Competition in succession; she studies with Boris Kuschnir.

An Italian classic comes to the symphony – Letter V

letterv.blog

The Richmond Symphony’s concertmaster Daisuke Yamamoto will play a classic Italian violin, a 1705 Rogeri, on permanent loan from an unnamed investor to support Music Director Valentina Peleggi’s vision for the ensemble’s sound. The Rogeri instrument was chosen by Yamamoto, Peleggi, and Ellen Cockerham Riccio from a dealer-selected group brought to Richmond for tryouts, and is described as having playability, depth, and resonance.

Fraud arrest: violinist busted for lying about sick kid, collected thousands in donations

cbs12.com

The article reports that Giovani Radu, 22, was arrested by the Palm Beach County Sheriff’s Office on Organized Fraud for allegedly playing the violin to collect donations for a sick child, but authorities say he had tens of thousands of dollars in the bank. The incident occurred December 23, 2022, in Royal Palm Beach, and Radu allegedly collected about $80,000 in the last year using a fake nonprofit, with signs of structuring to evade reporting requirements.

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