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February 2023 Market Intelligence

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Fine art

Picasso and Magritte lead the 20th/21st century art London evening sales

christies.com

Pablo Picasso’s Femme dans un rocking-chair (Jacqueline) led the London Evening Sale with a price of £16,892,000. The 20th/21st Century: London Evening Sale totaled £128,952,500 and contributed to a combined evening total of £167,814,400, with seven artists setting auction records across the two sales. Other mentioned artists include Michaela Yearwood-Dan, Oscar Domínguez, Tyler Hobbs and Caroline Walker.

Fine art

Christie’s Market Update: ["OLD MASTERS TWO SALES TOTAL: $62,776,6660 - Christie's", 'OLD MASTERS TWO SALES TOTAL: $62,776,6660']

Christie’s

Christie’s documents the market development behind ["OLD MASTERS TWO SALES TOTAL: $62,776,6660 - Christie's", 'OLD MASTERS TWO SALES TOTAL: $62,776,6660']. Its account reports that françois de Poortere, Christie’s Head of Old Master Paintings, said, “The Old Masters market showed depth and strength today.

Rare 1731 violin Baltic up for auction in New York with potential to fetch over $10 million

economictimes.indiatimes.com

The article discusses the 1731 Guarneri del Gesù violin known as the Baltic, up for auction in New York as part of Tarisio's March edition, with presale estimates around $10 million and potential to reach higher. It notes the instrument's provenance, name origin from the Baltic family von Giese, and references to experts from Tarisio and Bloomberg about its rarity and auction records for Guarneri violins.

Fine art

Heirs of Nazi-persecuted collector hail justice in auction of Edvard Munch painting

timesofisrael.com

The Times of Israel reports that the heirs of Prof. Curt Glaser and those of Norwegian shipowner Thomas Olsen will auction Edvard Munch's Dance on the Beach in London, with an expected price of $15–$25 million. The painting was sold under duress after Hitler’s rise to power, and the provenance involves Glaser and Olsen, both patrons of Munch, with Max Reinhardt having commissioned the work.

Fine art

Kandinsky painting Amsterdam museum returned to Jewish family sold for €60 mil.

nltimes.nl

The Kandinsky painting Bild mit Häusern (1909) by Wassily Kandinsky was sold for over €60 million to a private collector after Amsterdam returned it to the heirs of its last Jewish owner. The sale was handled by a large auction house, with proceeds to be shared among the heirs and Mondex for looted art restitution.

Fine art

French court orders Musée d’Orsay to restitution of paintings stolen during World War II

smithsonianmag.com

Pierre-Auguste Renoir Marine Guernsey (1883) and a Renoir study (1908-1910) for the Judgment of Paris, Paul Gauguin Still Life With Mandolin (1885), and Paul Cézanne Undergrowth (1890-1892) are to be returned to the heirs of Ambroise Vollard. The four works were stolen during World War II and ended up at the Musée d’Orsay; a French court ordered restitution to Vollard’s heirs, with the state indicating it will not appeal.

Passenger forced to take an eight-hour bus after airline bars him from taking £4m violin as hand luggage

independent.co.uk

The Independent reports that Polish violinist Janusz Wawrowski was prevented by LOT from carrying his Stradivarius valued at about $5m (£4.1m) as hand luggage, forcing him to travel by bus for eight hours. He had to check the instrument into hold or abandon boarding, and ultimately took a bus home from Vilnius to Konin after the incident in February; LOT later apologised and refunded his flight.

Fine art

Phillips to Unveil Its New Asia Headquarters and Host Inaugural Sales in Hong Kongs West Kowloon Cultural District in Spring 2023

Phillips

Phillips’s preserved release documents Phillips to Unveil Its New Asia Headquarters and Host Inaugural Sales in Hong Kongs West Kowloon Cultural District in Spring 2023 and details the principal works, sale terms, or market results.

Fine art

Family Heirs Announce Restitution Agreement for Klimt Portrait

fineartconnoisseur.com

Ronald S. Lauder and the Beran family heirs announce a restitution agreement for Gustav Klimt's portrait The Black Feather Hat (1910). The work is described as oil on canvas, 31 1/8 by 24 13/16 inches, with provenance tracing back to Irene Beran and Alois Beran, including later exhibition history and current custodianship. No monetary amount is provided in the article excerpt.

Fine art

The Musée d’Orsay ordered to restitute paintings by Cézanne, Renoir, and Gauguin that were stolen during World War II

usaartnews.com

The article reports a French court ruling that the Musée d’Orsay must restitute four paintings by Paul Cézanne, Paul Gauguin, and Pierre-Auguste Renoir that were stolen and sold to the Nazis after Ambroise Vollard’s death. The works are Undergrowth by Gauguin (1890-1892), Still life with mandolin by Gauguin (1885), Marine Guernesey by Renoir (1883), and Judgment of Paris by Renoir (1908).

Fine art

Robert Colescott's Miss Liberty surpasses $4 million at Bonhams Post-War & Contemporary Art sale

invaluable.com

Robert Colescott's Miss Liberty (1980) sold for $4.5 million at Bonhams Post-War & Contemporary Art sale in Los Angeles. The work was acquired by the Art Bridges Foundation. Other highlights included Franz Klein Untitled (circa 1951) at $138,975, Janet Fish's Purple Pitcher, Cakes and Peonies (1982) at $126,375, two Liza Lou Kitchen pieces (Ruffles, circa 1995 at $17,850 and Smacks, 1997 at $21,675), and DeWain Valentine Concave Crystal (1986) at $101,175.

Fine art

The musée d’orsay ordered to restitute paintings by cézanne, renoir, and gauguin stolen during world war ii

news.artnet.com

The article reports that a French court ordered the musée d’orsay to restitute four paintings by cézanne, renoir, and gauguin that were stolen and sold to the nazis following the death of art dealer ambroise vollard. The works include renoir’s Marine Guernesey and Judgement of Paris, cézanne’s Undergrowth, and gauguin’s Still life with mandolin, and ownership will transfer to vollard’s heirs after a decade-long legal battle.

Fine art

Musée d’Orsay ordered to restitute Renoir, Cézanne, Gauguin works

artnews.com

Renoir’s Marine Guernesey (1883) and a study for The Judgment of Paris, plus Gauguin’s Still Life with Mandolin (1885) and Cézanne’s Undergrowth (1890-1892) are ordered to be restituted to the heirs of Ambroise Vollard. The ruling follows years of legal action and confirms the paintings were stolen during World War II; the French State will not appeal.

Fine art

Musée d’Orsay ordered by Paris court to return four masterpieces by Renoir, Cézanne and Gauguin stolen during Second World War

theartnewspaper.com

The Paris administrative court ordered the Musée d’Orsay to restitute four masterworks by Renoir, Cézanne and Gauguin to the heirs of Ambroise Vollard, who owned the works before they were stolen during World War II. The pieces include two Renoir paintings, Gauguin's Still life with mandolin, and Cézanne's Undergrowth, with the court confirming Vollard's heirs’ ownership and the French state indicating it will not appeal.

Tarisio Auctions to feature the Baltic, a rare Guarneri violin, at New York sale

newswire.ca

The Baltic, a 292-year-old Guarneri del Gesù violin, is being offered by Tarisio in New York in an online auction running to March 16, 2023, with an estimated sale value in excess of US$10 million. The instrument has a notable provenance tying it to Sau-Wing Lam and has been exhibited at New York's Metropolitan Museum on multiple occasions.

Era destinata ai mercatini della domenica la viola rubata al Politeama di Palermo

journalchc.com

The article reports the theft and recovery of a viola valued at 30,000 euros, crafted by Vienna luthier Martin Schwalb in 2022, along with its bow by H.R. Pfretzschner. The instrument belonged to musician Vytautas Martisius of the Politeama theater in Palermo and was recovered by the police with thanks to the questura and Falchi della Squadra Mobile.

Fine art

Ce chef-d'œuvre de Kandinsky pourrait établir un record

barnebys.fr

Wassily Kandinsky, Murnau avec église II (1910), est estimé à environ 45 millions de dollars et pourrait établir un record aux enchères à Londres, surpassant le précédent de White Line (1913) vendu par Sotheby’s en 2017.

Fine art

Guggenheim sued over ownership of a Picasso painting

theticker.org

The Adler family sued the Solomon R. Guggenheim Foundation over the ownership of Pablo Picasso’s Woman Ironing, which Adler’s family purchased in 1916 and later sold under pressure during Nazi persecution; the painting later came to the Guggenheim after Thannhauser’s death in 1976 and has been on display since 1978.

Fine art

Christie’s Old Masters total $62 million

salonprivemag.com

Christie’s offered Old Masters in January with two live sales; the Safra collection sale totaled $62,776,666. Top results included Jean-Baptiste Oudry drawings at $2.7 million, Turner and van Cleve pieces, and Goya’s Portrait of Doña María Vicenta Barruso Valdés and her mother at $16.42 million.

Pine, Fairfax Symphony give worthy advocacy to revived Price concerto

washingtonclassicalreview.com

Rachel Barton Pine performed Florence Price’s Violin Concerto No. 2 with the Fairfax Symphony Orchestra led by Christopher Zimmerman at George Mason University’s Center for the Arts. The piece, composed in 1952 and rediscovered in 2009, was described as driven by Price’s personal need to write a concerto, amid prejudices she faced as a Black woman.

Rarer than a Stradivarius, the 1731 violin set to sell for US$10 million plus and the late Chinese-American philanthropist and music lover who collected it

scmp.com

The article discusses a 1731 Guarneri violin known as the Baltic, likely to fetch over US$10 million at auction. It notes it was made by Giuseppe del Gesù Guarneri, its owner Lam Sau-wing (a late Chinese-American philanthropist who collected instruments), and mentions auction house involvement by Tarisio, with reference to cellist Jian Wang as one beneficiary of Lam’s philanthropy.

OUT NOW Arabella Steinbacher presents Bach and Pärt

theviolinchannel.com

The Violin Channel reports that Arabella Steinbacher released a new Pentatone disc featuring Bach and Pärt, performed with the Stuttgarter Kammerorchester and Christoph Koncz. The program includes Bach A minor, E major, and D minor double concertos, along with Pärt pieces Fratres and Spiegel im Spiegel.

Fine art

Ronald S. Lauder reaches agreement on Klimt painting with Jewish heirs

nytimes.com

Ronald S. Lauder reaches an agreement to restitute and repurchase Gustav Klimt's painting “The Black Feather Hat” with the heirs of Irene Beran, who owned it before World War II. The work will remain with Lauder, who has held it for about 50 years, and terms of the purchase were not disclosed.

Fine art

Sotheby’s March sales feature Kandinsky, Munch and Picasso

artsandcollections.com

The page discusses Sotheby’s London March sales featuring Kandinsky with Murnau mit Kirche II, Edvard Munch with Dance on the Beach and The Reinhardt Frieze context, and mentions the paintings’ histories and significance.

Fine art

A prized Kandinsky painting recently restituted to the heirs of a Jewish collector may fetch $45 million at Sotheby’s

news.artnet.com

Wassily Kandinsky's 1910 painting Murnau mit Kirche II is expected to fetch about $45 million at Sotheby’s London. The work was restituted to the heirs of its former Jewish owner, Johanna Margarete Stern, by the Van Abbemuseum after a 12-year dispute. The article notes the painting’s significance in Kandinsky’s development of abstract art and references the previous auction record of €33 million ($41.8 million).

Fine art

Recently Restituted Kandinsky expected to fetch $45 million at auction

artnews.com

Wassily Kandinsky, Murnau with Church II, 1910, is being auctioned by Sotheby’s after restitution to the original German-Jewish owners. The painting is expected to fetch around $45 million at Sotheby’s Impressionist and Modern Art Evening Sale in London on March 1. The work’s restitution involved Johanna Margarete Stern and Siegbert Samuel Stern’s heirs, with provenance traced to the Van Abbemuseum and a six-year legal battle; proceeds will support the Stern family’s remaining collection.

A Roma suona il violoncello Stradivari recuperato dopo un naufragio nel Rio de la Plata, il Mara 1711 tra i più pregiati strumenti al mondo

cremonasera.it

The article reports that at Teatro Argentina in Rome a Stradivari cello from 1711, named Mara, survived a shipwreck in the Rio de la Plata and will be played by cellist Christian Poltera with pianist Kathryn Stott, in a program of Brahms, Chopin and Prokofiev for the Accademia Filarmonica Romana. The Mara cello, built by Antonio Stradivari in Cremona in 1711, is named after its first known owner Giovanni Mara, and has a detailed provenance through many notable owners before its recovery after a shipwreck; restoration in London took three years (1961-1963) after being submerged.

A cello by Stradivari from 1711 survives shipwreck used by Christian Poltera in Rome concert

agi.it

The Italian news piece reports that a Stradivari cello from 1711, named Mara, survived a shipwreck and will be played by Christian Poltera at Teatro Argentina in Rome, accompanied by Kathryn Stott. The instrument, recovered after a long restoration from a Rio de la Plata shipwreck in 1961, is now entrusted to Poltera for a program including Brahms, Chopin, and Prokofiev works.

Fine art

Christie’s Market Update: ["CHRISTIE’S ANNOUNCES INAUGURAL ART+TECH SUMMIT IN U.A.E AT ART DUBAI - Christie's", 'CHRISTIE’S ANNOUNCES INAUGURAL ART+TECH SUMMIT IN U.A.E AT ART DUBAI']

Christie’s

Christie’s documents the market development behind ["CHRISTIE’S ANNOUNCES INAUGURAL ART+TECH SUMMIT IN U.A.E AT ART DUBAI - Christie's", 'CHRISTIE’S ANNOUNCES INAUGURAL ART+TECH SUMMIT IN U.A.E AT ART DUBAI']. Its account reports that christie’s was an early leader in understanding the importance of the relationship between the art world and the tech sphere, presenting the first Art and Tech Summit in 2018 at its London headquarters.

Repairing a Stradivarius

roughlydaily.com

Elly Fishman reports on master craftsman John Becker repairing a Stradivarius owned by Joshua Bell, a 310-year-old instrument valued up to $15 million, with two other violinists noting repairs and future work.

Fine art

Christie’s Market Update: ["MEMORY OF A SURREAL JOURNEY: PROPERTY FROM AN IMPORTANT SAN FRANCISCO BAY AREA COLLECTION’COLLECTION OF 25 WORKS SHOWCASES POWERFUL DIALOGUE BETWEEN EUROPE, AMERICA AND LATIN AMERICA - Christie's", 'MEMORY OF A SURREAL JOURNEY: PROPERTY FROM AN IMPORTANT SAN FRANCISCO BAY AREA COLLECTION’COLLECTION OF 25 WORKS SHOWCASES POWERFUL DIALOGUE BETWEEN EUROPE, AMERICA AND LATIN AMERICA']

Christie’s

Christie’s documents the market development behind ["MEMORY OF A SURREAL JOURNEY: PROPERTY FROM AN IMPORTANT SAN FRANCISCO BAY AREA COLLECTION’COLLECTION OF 25 WORKS SHOWCASES POWERFUL DIALOGUE BETWEEN EUROPE, AMERICA AND LATIN AMERICA - Christie's", 'MEMORY OF A SURREAL JOURNEY: PROPERTY FROM AN IMPORTANT SAN FRANCISCO BAY AREA COLLECTION’COLLECTION OF 25 WORKS SHOWCASES POWERFUL DIALOGUE BETWEEN EUROPE, AMERICA AND LATIN AMERICA']. Its account reports that london – Christie’s will offer ‘Memory of a Surreal Journey: Property from an Important San Francisco Bay Area’, a collection of 25 works dedicated to showcasing the magical interpretations of the world by leading artists of the surrealist movement across Europe, Latin America, and America.

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