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March 2023 Market Intelligence

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Teuerste Geige der Welt mit Osmium und Edelsteinen vorgestellt

krone.at

Irina Lino reports on the Osmium Violin 1.0, built by a Styrian maker and presented in Vienna; Elena Denisova, the renowned violinist and Wörthersee Classics intendant, comments on its sound and character. The instrument features 541 inlays of osmium and is valued at 3.5 million euros as the most valuable playable violin.

Fine art

Munich museum removes Picasso portrait amid restitution dispute

usaartnews.com

The Pinakothek der Moderne in Munich removed the Picasso portrait Madame Soler amid a restitution dispute involving the work's ownership. The piece was connected to Mendelssohn-Bartholdy and previously transferred to an art dealer across the Swiss border before ending up in Bavaria’s modern art collection; the museum maintains the sale was legitimate, while critics and heirs raise questions about Nazi-looted art and restitution principles.

Guarneri “Baltic” violin sets record at auction

symphony.org

The Baltic violin, made by Giuseppe Guarneri del Gesù in 1731, sold for $9.44 million (premium included) at Tarisio New York on March 16, approaching its $10 million estimate. The sale set a new record for a Guarneri instrument and was the star lot in an online auction of more than 100 rare instruments and bows conducted by Tarisio, contributing to over $11.1 million in total sales and 18 new auction records.

Fine art

A painting by Yusuf Grillo sets a new world record price at auction

artcentron.com

The Seventh Knot, a painting by Yusuf Adebayo Cameron Grillo, sold for £403,500 at Bonhams in London, setting a new world record price for the artist. Irma Stern’s Young Pondo Man also sold for £327,900 at the same sale, with her Girl With Jug achieving £176,700.

An exceptionally rare Guarneri violin named the Baltic sells for $9.44 million at auction

projecthighart.net

The Baltic, a centuries-old Guarneri violin crafted around 1731 by Giuseppe Guarneri del Gesù in Cremona, sold for $9.44 million at a Tarisio online auction in New York. The instrument, one of the most revered violins, set auction records and has a history including ownership by Sau-Wing Lam and prior ties to Dorotha Powers.

Guarneri violin worth £7.71 million becomes third most expensive instrument to sell at auction

classicfm.com

Sophia Alexandra Hall reports that a 292-year-old Guarneri violin nicknamed the Baltic, made by Bartolomeo Giuseppe Guarneri del Gesù in 1731, sold at Tarisio Auctions in New York for $9.44 million (£7.71 million), becoming the third most expensive instrument ever sold at auction. The sale was led by Tarisio, with the former owner’s family connection noted; previous records include a 1714 Stradivarius and a 1716 Stradivarius, which sold for higher amounts.

Guarneri Baltic violin sells for $9.44 million at auction

theviolinchannel.com

The circa 1731 Guarneri del Gesù known as the ‘Baltic’ was sold by Tarisio in the United States for $9.44 million, becoming the third most expensive stringed instrument sold at auction. The instrument was previously part of Sau-Wing Lam’s collection and has had several notable owners and dealers, with lineage including Steven Staryk, George Gad, Irving Levick, and Dorotha Powers.

Baltic Guarneri sold for €8.88 million

pizzicato.lu

The Baltic Guarneri del Gesù violin, made circa 1731, sold for €8.88 million ($9.44 million) at Tarisio, setting a new record for Guarneri instruments and marking the third-highest price for a musical instrument at auction.

The Baltic, a rare 292-year-old Guarneri violin, sells for $9.44 million at Tarisio New York

thatericalper.com

The article discusses the Guarneri del Gesù violin known as the Baltic, dated circa 1731, which sold for US$9.44 million at Tarisio New York on March 16, 2023. It notes this price set a new record for Guarneri instruments and places the Baltic among the most expensive stringed instruments sold at auction, and mentions the instrument’s lineage and exhibitions.

The Baltic Guarneri violin sells for $9.44 million at Tarisio New York

prnewswire.co.uk

The article reports that the rare 292-year-old Guarneri violin known as the 'Baltic' sold for US$9.44 million at Tarisio New York, setting a global record for any Guarneri instrument and marking the third-highest price for a musical instrument at auction. It notes the instrument was made circa 1731 by Giuseppe Guarneri del Gesù, its provenance from Sau-Wing Lam, and mentions past records including the Lady Blunt and the da Vinci Stradivari.

Guarneri del Gesù c.1731 Baltic violin sells for $9.44 million at auction

thestrad.com

The Strad reports that the c.1731 Baltic Guarneri del Gesù violin sold for $9.44 million (£7.78 million) at Tarisio on 16 March, setting a new record for the maker at auction. Carlos Tomé of Tarisio commented on the strong global demand for rare instruments, noting the sale followed Sau-Wing Lam's legacy as a benefactor and collector.

The Baltic, a rare 292-year-old Guarneri violin, sold for $9.44 million at Tarisio New York

prnewswire.com

The Baltic Guarneri del Gesù violin, made circa 1731 by Giuseppe Guarneri del Gesù, sold for US$9.44 million at Tarisio New York, setting a new auction record for a Guarneri instrument and marking the third-highest price for any musical instrument at auction. The violin was previously in the family collection of Sau-Wing Lam and has been exhibited at New York's Metropolitan Museum of Art.

The Baltic violin sells for $9.44 million at Tarisio New York, setting a new Guarneri record

prnewswire.com

The Baltic, a 292-year-old Guarneri del Gesù violin made circa 1731, sold for US$9.44 million at Tarisio New York on March 16, 2023. The sale set a new auction record for any Guarneri instrument and was the third-highest price for a musical instrument at auction; it followed the Lady Blunt Stradivari and the da Vinci Stradivari in overall auction value by stringed instruments.

The Baltic, a rare 292-year-old Guarneri violin, sold for $9.44 million at Tarisio New York

newswire.ca

The Baltic, a 292-year-old Guarneri violin made circa 1731 by Giuseppe Guarneri del Gesù, sold for US$9.44 million at Tarisio New York, setting a new global auction record for any Guarneri instrument and the third-highest price for any musical instrument at auction. The violin was previously in the Lam family collection and has been exhibited at New York's Metropolitan Museum of Art.

Applications open for the Nippon Music Foundation's 2023 instrument loan project

theviolinchannel.com

The Nippon Music Foundation, based in Tokyo, is accepting applications for its Instrument Loan Project which loans 21 Stradivarius and Guarneri violins to notable soloists under 35. Current recipients include Timothy Chooi, María Dueñas, and Ray Chen. Loans are offered in three categories, with additional provision of the 1708 Huggins Stradivarius to the Queen Elisabeth Competition winner.

Fine art

Sotheby’s Market Update: In Focus: The $1m Chinese Traditional Paintings and Works of Art Market

Sotheby’s

Sotheby’s documents the market development behind In Focus: The $1m Chinese Traditional Paintings and Works of Art Market. Its account reports that with $287.9m in sales, Traditional Paintings – calligraphic works and landscapes executed in brush and ink – made up 22.3% of overall sales of $1m+ Chinese art between 2018 and 2022.

Furto su commissione rubati strumenti musicali eredità del liutaio Maraviglia

journalchc.com

The Journal of Cultural Heritage Crime reports that during the night of 7–8 March in Pistoia, about twenty string instruments made by luthier Guido Maraviglia (1908-2001) were stolen from his residence where he worked. The stolen instruments, inherited by his family, date from the late 1980s to the 1990s, with a cello possibly remaining due to its size. Maraviglia built over 900 instruments in a career spanning 75 years, and the workshop was housed in the attic of his home; the article also discusses Italian anti-money laundering rules affecting art traders and luthier instruments.

Fine art

Christie’s Market Update: ["SOLD ! SALE RESULTS FOR: Chagall et la Musique : Œuvres provenant de la succession de l’artiste - Christie's", 'SOLD !\nSALE RESULTS FOR:\nChagall et la Musique :\nŒuvres provenant de la succession de l’artiste']

Christie’s

Christie’s documents the market development behind ["SOLD ! SALE RESULTS FOR: Chagall et la Musique : Œuvres provenant de la succession de l’artiste - Christie's", 'SOLD !\nSALE RESULTS FOR:\nChagall et la Musique :\nŒuvres provenant de la succession de l’artiste']. Its account reports that christie’s regularly leads the auction world in market share across numerous categories, with record-breaking sales and a focus on great collections.

Fine art

Half of Van Gogh’s most expensive paintings have sold to Chinese collectors

theartnewspaper.com

The Art Newspaper reports that of the seven most expensive Van Gogh paintings sold at auction, at least three (and possibly more) went to Chinese buyers from mainland China, Hong Kong, and Taiwan, all sold in the past nine years for prices over $60 million. Examples include Vase with Poppies and Daisies (June 1890) sold for $62 million at Sotheby’s New York in 2014 to Wang Zhongjun; The Avenue of Les Alyscamps (November 1888) sold for $66 million at Sotheby’s New York in 2015, believed to be bought by Robert Wu; Labourer in a Field (September 1889) sold for $81 million at Christie’s New York in 2017.

Fine art

Leonardo’s Salvator Mundi heads to court in case against Sotheby’s

theartnewspaper.com

The Salvator Mundi, attributed to Leonardo da Vinci, is one of four works sold privately by Sotheby’s that are subject to the fraud-related claim. A New York federal judge allowed a jury trial in Dmitry Rybolovlev’s case against Sotheby’s, alleging fraud connected to purchases of multiple works including Salvator Mundi, Le Domaine d’Arnheim, Wasserschlangen II, and Tête.

Fine art

Kandinsky reaches new heights in London

apollo-magazine.com

Wassily Kandinsky’s Murnau mit Kirche II (Murnau with Church II; 1910) is highlighted as the auction headline lot ahead of Sotheby’s Modern and Contemporary sale in London, with a record price of £37.2m setting a new artist record and beating the previous £29.2m from 2017 for Bild mit weissen Linien (Painting with White Lines) (1913).

Fine art

The Back Room: The Doig Defection

news.artnet.com

The article discusses Peter Doig leaving Michael Werner Gallery to go independent, noting his gallery history and auction records. It mentions Doig’s solo show at the Courtauld Gallery and confirms he is no longer represented by a commercial dealer, with Parinaz Mogadassi of Tramps Gallery providing context.

Fine art

Wassily Kandinsky's Murnau Mit Kirche II fetches $45 million at London auction

economictimes.indiatimes.com

Wassily Kandinsky's 1910 painting Murnau Mit Kirche II sold for $45 million (42 million euros) at a London auction, a record for the artist, via Sotheby's. The work was recovered by the descendants of its Jewish owners, the Sterns, who were persecuted by the Nazis. The painting was identified in Eindhoven and returned to the heirs last year; proceeds will be shared among 13 Stern survivors.

Fine art

Looted Kandinsky work restored to Jewish heirs fetches $45M

krcgtv.com

Wassily Kandinsky painting "Murnau mit Kirche II" sold at Sotheby’s in London for 37.2 million pounds ($44.9 million). The work was returned to the descendants of German Jewish collectors Johanna Margarete Stern and Siegbert Samuel Stern, whose family fate during the Holocaust led to restitution. Proceeds will be shared among 13 Stern heirs and funding for further research on the family’s collection.

Stravinsky: Violin Concerto review – period instruments bring clarity and gutsy depth

theguardian.com

The Guardian review discusses Isabelle Faust performing Stravinsky’s Violin Concerto with the period-instrument ensemble Les Siècles conducted by François-Xavier Roth, highlighting sharper focus and visceral impact. It notes the performers use original instruments, aligning with historically informed practices showcased across The Firebird, Petrushka, and The Rite of Spring in their recordings and performances.

Fine art

Kandinsky makes £37m auction record at a procedural but solid Sotheby's London evening sale

theartnewspaper.com

Kandinsky makes £37m auction record at Sotheby’s London evening sale, led by Wassily Kandinsky's Murnau With Church II (1910) with a three-way tie to an irrevocable bid, as part of two-part auctions that total £147m. Edvard Munch's Dance on the Beach (1906-07) opened the sale with £14.5m, amid a broader sale that included The Now selling for £10.9m and the Modern and contemporary section totaling £136.9m.

Fine art

Recently discovered Kandinsky work fetches record $45 million

dailysabah.com

Wassily Kandinsky's 1910 painting "Murnau Mit Kirche II" sold for $45 million, setting a new record for the artist at Sotheby’s. The work was recovered by descendants of its previous owners, Jewish collectors who were victims of the Nazi regime. (Auction details mention other items including Edvard Munch and Frantisek Kupka works.)

Fine art

Picasso dispute over Madame Soler looted art debated by Bavarian collections

dw.com

The article discusses Picasso's portrait Madame Soler (1903) and the dispute over ownership between the heirs of Paul von Mendelssohn-Bartholdy and the Bavarian State Painting Collections. It explains the question of whether the painting was sold under duress during Nazi persecution and mentions the Limbach Commission as a possible non-binding recourse for restitution claims.

Fine art

Christie’s Market Update: ["OLD MASTER & BRITISH DRAWINGS SALES TOTAL $6,198,012 - Christie's", 'OLD MASTER & BRITISH DRAWINGS SALES TOTAL $6,198,012']

Christie’s

Christie’s documents the market development behind ["OLD MASTER & BRITISH DRAWINGS SALES TOTAL $6,198,012 - Christie's", 'OLD MASTER & BRITISH DRAWINGS SALES TOTAL $6,198,012']. Its account reports that gRAND TOTAL FOR DRAWINGS IN TWO SALES: “REMASTERED: OLD MASTERS FROM THE COLLECTION OF J.E.

Peter White – #269 Violin by Antonio Strad Violin

stradviolin.com

Peter White – #269 Violin is listed for $12,000.00. The instrument is based on Guarneri del Gesu’s form, made in 2020, with arching contours, corners, and purfling matching del Gesu; it contrasts with Stradivari bee-sting corners. The varnish is a deep red over a golden undercoat, developed by Peter White in New Mexico and Krakow education listed.

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