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December 2023 Market Intelligence

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Fine art

In 2023, blue-chip artists stumbled on the auction block

artnews.com

Christopher Wool and Jeff Koons are discussed as blue-chip artists whose works struggled in 2023 auctions. The piece notes Wool’s untitled 1993 painting with the phrase on the canvas and its auction result, as well as Koons’s market trajectory and gallery moves. The Christie’s Fineberg collection sale is cited as context for the market softness.

Stolen alert , cello stolen in San Francisco

theviolinchannel.com

The 2019 Tiberio Carroll cello was stolen Dec 17, 2023 in Japantown, San Francisco. The instrument, crafted by Roland Feller with serial number 1476, was valued at about $4,200 and found in a black soft case with a cello bow and a black music binder. The owner, Robbie Valdes, requests information to help recover it.

Fine art

$11.72 million Yuan dynasty vase from the Tianminlou collection sells at Christie’s Hong Kong

anthonywuart.com

The page reports Christie’s Hong Kong sale of a Yuan dynasty vase from the Tianminlou Collection for $11.72 million. The Tianminlou Collection was formed by Ko Shi Chao (葛士翹) (1911-1992) and later overseen by his son Ko See For 葛師科; the collection is noted for porcelain from the Yuan, Ming and Qing Dynasties and has connections to the Min Chiu Society.

Emily Sun loaned the Adelaide Guadagnini violin

citymusicfoundation.org

Emily Sun was loaned a Guadagnini violin known as “The Adelaide,” crafted in Milan between 1753 and 1757. The instrument is held in trust by UKARIA, purchased by the people of South Australia in 1955 and valued at over $1 million, with a history of Australian violinists connected to South Australia."

Fine art

Village baker hid 109 million Italian masterpiece in his basement: report

businessinsider.com

The page reports that a Botticelli painting, Madonna and Child, valued at $109 million, was handed over to Italian police. The painting, created in tempera on wood and possibly modeled on Simonetta Vespucci, had been kept hidden by Enrico Somma and family, reportedly in the basement of a bakery outside Naples; the work’s provenance traces back to the 15th century and ownership by the Medici family and Pope Sixtus IV.

Fine art

When Van Gogh’s Sunflowers was bought by the National Gallery it was snubbed as one of its top 100 acquisitions of the decade

theartnewspaper.com

The Art Newspaper reports that Van Gogh’s Sunflowers (August 1888) bought for the National Gallery in 1924 and later moved to the National Gallery, Trafalgar Square, was omitted from the National Gallery’s 1920s book A Record of Ten Years 1917-1927, which listed 102 acquisitions. The piece notes the Sunflowers were included in the National Gallery’s acquisition history and contrasts other works illustrated in the book.

Stolen alert , 1710 Amati violin

theviolinchannel.com

The Violin Channel reports that a rare 1710 Amati violin, owned by Rowland Weinstein and stolen from a Los Angeles residence on December 8, 2020, is the subject of a FBI public appeal for information. The instrument, historically valued at just over $500,000 at a 2013 Tarisio auction, could be worth more than $700,000 today.

300-year-old violin signed by John Lennon and Yoko Ono goes to auction

theviolinchannel.com

The article reports a J. N. Lambert violin dated 1700 that was signed by John Lennon and Yoko Ono for sale on Catawiki. The signing occurred after the owner played 'Yesterday' to Lennon and Ono in a hotel restaurant; the owner was Jose Eugenio Sanz Sampedro, a Spanish violinist and collector. The instrument also bears signatures of James Last and Carlos Arias Navarro, with bidding opening at €35,000 and the reserve not yet met.

Fine art

The Cleveland Museum of Art announces new acquisitions

clevelandart.org

The Cleveland Museum of Art announces new acquisitions including Aurelio Lombardo’s Dido, Giulio Romano drawing related to a frescoed ceiling, Gustave Caillebotte’s Study of a Man with Hands in His Pockets, four Barbara Jones-Hogu screenprints, four D’Angelo Lovell Williams photographs, and Zilia Sánchez’s Troyanas; the press release notes expanded holdings of African American artists and artists of color and Latin American contemporary works.

Fine art

The Cleveland Museum of Art acquires German Expressionist painting at auction

clevelandart.org

The Cleveland Museum of Art acquired Heinrich Maria Davringhausen's painting Der Krieg (War) from Ketterer Kunst in Munich in 2017; the work, painted in 1914, is linked to German Expressionism and to broader movements such as Futurism and Cubism, with references to Kandinsky and Otto Dix.

World-class fiddler joyfully reunited with violin after thief swiped it from car in downtown Portland

oregonlive.com

The article discusses world-renowned fiddler Alasdair Fraser reuniting with his violin and four bows after a thief stole them from his rental car in downtown Portland. The violin and bows were recovered within 24 hours at the David Kerr Violin Shop in Southeast Portland, and Fraser, along with cellist Natalie Haas, were able to reclaim the instruments.

Fine art

Zwirner reports a 9 million Marlene Dumas sale that has people talking for two reasons

news.artnet.com

Marlene Dumas's The Schoolboys (1986–87) sold for $9 million at Art Basel Miami Beach, a new personal high for the artist. The article notes prior auction high of $6.3 million in 2008 and places the sale in the context of other high-priced fair sales, including a claimed $20 million sale by Hauser & Wirth and multiple works by Gagosian exceeding $35 million; it also references that the Dumas sale was highlighted as the highest-priced work at the fair on Thursday, though not the second-most expensive reported sold at the fair.

Fine art

Dmitry Rybolovlev and Yves Bouvier settle nine-year legal feud

theartnewspaper.com

Dmitry Rybolovlev and Yves Bouvier have settled out of court in a nine-year dispute concerning art transactions. The case covered multiple jurisdictions, including Monaco, Singapore, New York and Hong Kong, with Rybolovlev accusing Bouvier of overcharging him €1.1 billion from the sale of 38 works of art between 2003 and 2014; Bouvier denies wrongdoing. The settlement details remain confidential due to a non-disclosure agreement, and Bouvier’s lawyer called it a complete victory for his client.

FBI seeks 313-year-old Amati violin stolen in 2020

local12.com

The FBI is seeking information about a 1710 Amati violin stolen from a car in Los Angeles in 2020. The instrument, crafted by Hieronymus Amati and valued in media reports at hundreds of thousands of dollars, was previously sold at Tarisio and insured; FBI photos and measurements are provided in releases.

FBI seeks 313-year-old Amati violin stolen in 2020

fox11online.com

The FBI is seeking information about a 313-year-old 1710 Amati violin stolen from a Los Angeles area property in 2020. The Los Angeles Times reported Rowland Weinstein purchased the instrument in 2013 at Tarisio for $507,436, and the instrument was insured; experts suggested it could have fetched $700,000 to $900,000. The FBI provided measurements and described the violin as crafted by Hieronymus Amati, noting its condition and appearance.

Fine art

The largest Velázquez painting on the art market could set a new record for an Old Spanish work

artprice.com

The article discusses a 1620s–1630s Velázquez portrait of Isabelle de Bourbon being sold at Sotheby’s in New York on 1 February 2024, with an estimated price around $35 million. It notes this could set a new auction record for Velázquez and the Old Masters market, surpassing the prior $17 million Saint Rufina sale in 2007.

FBI searching for a 313-year-old Amati violin stolen in 2020

kfoxtv.com

The FBI is seeking a 313-year-old 1710 Amati violin that was stolen from a car in Los Angeles in 2020. The Los Angeles Times notes Rowland Weinstein bought the instrument in 2013 at Tarisio for $507,436 and that it was insured; authorities estimate it could sell for $700,000 to $900,000. The instrument, crafted by Hieronymus Amati, is described as a glossy, curvaceous piece in excellent condition with specified measurements.

Fine art

A $20 million Philip Guston painting leads the reported sales from Art Basel in Miami Beach’s VIP day

artsy.net

The article reports a $20 million Philip Guston painting, Painter at Night (1979), leading the VIP-day sales at Art Basel in Miami Beach, sold by Hauser & Wirth. Other seven-figure sales include a Tracey Emin painting sold by Xavier Hufkens for £1.2 million ($1.5 million), a Alex Katz painting sold by Kasmin for $1.4 million, and multiple works sold by Thaddaeus Ropac, David Zwirner, and others, with prices ranging from about $1.25 million to $3 million per piece.

Fine art

Hubert Guerrand-Hermès Collection to Bring 1,000 Works to Auction in Paris

Sotheby’s

Sotheby’s profiled Hubert Guerrand-Hermès’s collection at the Hôtel de Lannion before a three-day December 2023 auction. The approximately 1,000 works ranged from eighteenth-century furniture and Duchesse de Berry material to paintings, photography and contemporary art.

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