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March 2024 Market Intelligence

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Schoolgirl reunites with treasured stolen violin

thestar.co.za

The article reports that Bailey Lottering, a Grade 7 pupil at Atholl Heights Primary, had her stolen violin recovered after a home invasion. The instrument was found during a police and security response, and Bailey, her mother Kate van Zyl, and music teacher Anita Blyth attend the recovery at SAPS Pinetown. Bailey plans to resume playing after minor repairs and new strings/bow.

For one night only, a $100 million orchestra takes the stage

wbur.org

The WBUR News piece discusses A Far Cry preparing to perform Stradivari Serenade with rare loaned violins from Reuning & Son Violins in Brookline. It highlights instruments by Stradivari and other Cremona luthiers and mentions violinists Clara Kim, Annie Rabbat, and Zenas Hsu as they select instruments for the concert.

Fine art

Christie’s Contemporary Edition: London and Prints and Multiples Sales Achieve £5 Million

Christie’s

Christie’s reports on CHRISTIE’S CONTEMPORARY EDITION: LONDON AND PRINTS AND MULTIPLES SALES ACHIEVE £5 MILLION. Its source account states that london – Christie’s Contemporary Edition: London and Prints and Multiples sales realised a combined total of £5,099,850.

Alexandra Tirsu loaned 1717 Reifenberg Stradivari

alexandra-tirsu.com

Alexandra Tirsu is loaned the 1717 Reifenberg Stradivari violin from the Stradivari Society of Chicago and will perform on the instrument in upcoming engagements. The instrument has previously been played by notable violinists including Jacques Thibaud, Nathan Milstein, Jaime Laredo, Salvatore Accardo, and Dmitry Sitkovetsky.

Reuning & Son Violins and A Far Cry to feature a $100 million instrument vault

theviolinchannel.com

The Violin Channel reports that Reuning & Son Violins and A Far Cry will reprise the Stradivari Serenade at New England Conservatory in Boston, featuring 18 instruments from Stradivari, Guarneri, and Amati valued at over $100 million from Reuning & Son’s vault. The concert, titled Stradivari Serenade, will be streamed on The Violin Channel on April 2, 2024, with tickets for the live event at Jordan Hall on March 29, 2024.

Fine art

Court orders Sotheby’s to reveal consignor, buyer of Tiepolo painting

artforum.com

Giovanni Battista Tiepolo, St. Francis of Paola Holding a Rosary, Book, and Staff, ca. 1730s, a painting sold at Sotheby’s in 2019 for $100,000, is the subject of a New York court ruling that requires Sotheby’s to publicly name the consignor and buyer; the heirs of Otto Fröhlich seek restitution for looted art lost during the Holocaust.

Fine art

Three contested Rubens paintings should stay in the U.K., advisory panel rules

news.artnet.com

The article reports that three paintings by Peter Paul Rubens should remain in the Courtauld Institute in London, following a decision by the U.K.’s Spoliation Advisory Panel. The works are St Gregory the Great with Ss Maurus and Papianus and St. Domitilla with Ss Nereus and Achilleus (1606-07), The Conversion of St. Paul (c.1610-12), and The Bounty of James I Triumphing Over Avarice (c.1632). The paintings’ ownership traces back to Franz Wilhelm Koenigs, who transferred them to a bank in 1940; they were later given to the Courtauld by Count Antoine Seilern. Koenigs’s heirs have pursued claims against ownership through multiple advisory panels over the years.

Fine art

Court tells Sotheby’s to reveal its auction clients in ‘Nazi-loot’ case

nytimes.com

The article reports a New York judge ordering Sotheby’s to disclose the identities of consignors and buyers involved in a Tiepolo sale from 2019, linked to a Holocaust-era claim brought by heirs of Otto Fröhlich. The piece notes concerns about transparency in the art market and ongoing discussions toward resolution.

Fine art

Will Rybolovlev’s courtroom loss be the art market’s gain?

theartnewspaper.com

The Art Newspaper reports on the Sotheby’s fraud trial verdict against Dmitry Rybolovlev, noting that experts expect little operational change in the art market despite the lengthy dispute. The article mentions four works at the heart of the case, including Salvator Mundi, Klimt’s Wasserschlangen II, Magritte’s Le Domaine d’Arnheim, and Modigliani’s Tête, all purchased for about $2 billion through Yves Bouvier between 2003 and 2014, and discusses the settlements reached with Bouvier in 2023 and Sotheby’s role in the case.

Extremely Brilliant Source illuminates Paganini’s favourite violin

cerncourier.com

The CERN Courier reports that the Extremely Brilliant Source has revealed the secrets of Paganini's favourite violin, Il Cannone, using synchrotron X-rays at ESRF. The study, conducted with the Municipality of Genoa and Premio Paganini, employed 3D X-ray microtomography to examine the violin’s wood and bonding, shedding light on its conservation and history.

Fine art

A history of Rothko's priciest work, from billionaire to billionaire

artnews.com

Mark Rothko’s No. 6 (Violet, Green and Red) sold for $100 million in a private sale, following a previous $186 million sale to Dmitry Rybolovlev. The piece is highlighted as Rothko’s best work and appears on the cover of the artist’s catalogue raisonné by David Anfam.

Fine art

A complete set of Hokusai prints sells for $3.5 million, breaking the artist’s auction record

artsy.net

Artsy reports that a complete set of Katsushika Hokusai’s Thirty-six Views of Mount Fuji sold for $3,559,000, setting a new auction record for the artist. The sale occurred during Christie’s Asian Art Week in New York and was amassed over 11 years by collector Jitendra V. Singh. The article notes related strong results for other works, including The Great Wave print and pieces by Lee Ufan and Hiroshige.

Fine art

Three Rubens paintings to remain with Courtauld Institute after spoliation advisory panel ruling

artnews.com

Peter Paul Rubens paintings titled St Gregory the Great with Ss Maurus and Papianus and St. Domitilla with Ss Nereus and Achilleus (1606–07); The Conversion of St. Paul (1610–12); and The Bounty of James 1 Triumphing Over Avarice (ca. 1632) will stay with the Courtauld Gallery in London according to the UK Parliament’s spoliation advisory panel. The report discusses provenance, including ownership transfers involving Franz Wilhelm Koenigs and subsequent loans and sales, and notes the panel rejected three separate restitution claims.

Stolen Baroque violin with cash reward reported by Alan Choo

earlymusicamerica.org

The page reports that Alan Choo, concertmaster and assistant artistic director of Apollo’s Fire, has had his 2018 Jason Viseltear Baroque violin stolen from St. Paul’s Episcopal Church in Cleveland Heights, Ohio. A cash reward of $2,500 is being shared publicly to aid in recovery; the post also mentions a Louis Begin Baroque bow and a blue BAM contoured violin case.

Reward increased over $2,000 for return of violin stolen from Cleveland Heights church

cleveland19.com

The owner, Alan Choo, said a 2018 Jason Viseltear baroque violin was stolen from St. Paul’s Episcopal Church in Cleveland Heights. The instrument was taken during a rehearsal lunch break and was in a blue BAM contoured violin case with a Louis baroque bow; Choo’s AirPods were also stolen. The reward, which started at $400, was increased to $2,500. Contact 216-536-9852 with any information.

"Il Cannone" goes under the microscope

limelight-arts.com.au

Niccolò Paganini’s 1743 Giuseppe Guarneri violin, known as Il Cannone, is analyzed by scientists at ESRF in Grenoble to uncover details of its sound. The study aims to generate a precise 3D rendering to aid future repairs, with an estimated insurance value of nearly AUD 50 million.

Fine art

NEW YORK MARCH CONTEMPORARY ART SALES TOTAL $39,131,579 — Christie’s

Christie’s

Christie’s reports on NEW YORK MARCH CONTEMPORARY ART SALES TOTAL $39,131,579. Its source account states that new York - Friday, March 15, 2024, Chirstie’s New York concluded a successful series of contemporary art live and online sales: Latin American Art live and online, Post-War to Present, and Contemporary Edition: New York.

Paganini's violin undergoes X-ray study to uncover sound secrets

phys.org

Paganini's Violin, known as Il Cannone and made by Giuseppe Bartolomeo Guarneri del Gesu in 1743, is being X-rayed by French experts at ESRF in Grenoble to help create a detailed 3D model and study why its sound is so exceptional. The analysis aims for conservation and to understand the instrument’s sound, with the process expected to take several months and valued at about 30 million euros.

Fine art

Christie’s Impressionist and Modern Art Day and Works on Paper Sale Achieved £16.8 Million

Christie’s

Christie’s reports on CHRISTIE’S IMPRESSIONIST AND MODERN ART DAY AND WORKS ON PAPER SALE ACHIEVED £16.8 MILLION. Its source account states that london – Christie’s Impressionist and Modern Art Day and Works on Paper Sale achieved a total of £16,878,456 / $21,587,545 / €19,714,037, with strong sell-through rates of 92% by value and 88% by lot.

Fine art

By the numbers: a breakdown of results from Christie’s London 20th/21st Century Evening Auction, March 2024

news.artnet.com

The Christie’s London 20th/21st Century Evening Auction in March 2024 brought in £196.7 million ($251.8 million) including fees, with 87 works offered in the 20th/21st Century sale and a 79-percent sell-through rate. The leading lot was Francis Bacon’s Landscape near Malabata, Tangier (1963) at £16.8 million ($21.5 million), while David Hockney’s California (1965) hammered at £16 million ($20.3 million).

Fine art

London evening sales at Christie’s achieve £196,685,600 / $250,380,769 / €229,335,410

christies.com

René Magritte’s L’ami intime (The Intimate Friend) sold for £33,660,000 to lead the London Evening Sale. Francis Bacon, David Hockney and Claude Monet each surpassed £10 million, with notable performances for women artists such as Cecily Brown and Agnes Martin. The 20th/21st Century: London Evening Sale totalled £137,699,300 / $175,291,209 / €160,557,384, with strong demand and high sell-through.

Fine art

Francis Bacon leads Christie’s $177.3m 20th/21st Century: London Evening Sale in London

heni.com

Francis Bacon’s Landscape near Malabata, Tangier (1963) led Christie’s 20th / 21st Century: London Evening Sale in London, selling for $25m as part of a $177.3m total. The star lot was backed by a guarantee and the sale included 70 works sold across 87 announced lots, with a buy-in of 10 works and 7 withdrawn prior to the sale.

Fine art

William Kentridge leaves Marian Goodman Gallery to join Hauser & Wirth

news.artnet.com

William Kentridge leaves Marian Goodman Gallery to join Hauser & Wirth, while continuing to show with Goodman Gallery in Johannesburg and London and with Galleria Lia Rumma in Naples. Hauser & Wirth will host a solo show in New York next year after earlier exhibitions in Gstaad and Hong Kong.

Fine art

Sotheby’s London contemporary sale brings in $126.6 million in a restrained performance

artnews.com

The Sotheby’s London sale of modern and contemporary art, including The Now auction, brought in $126.6 million (including fees) with a presale low estimate of $95.3 million. The evening featured record-setting results for women artists such as Takako Yamaguchi, Jadé Fadojutimi, and Etel Adnan, and included notable performances by George Condo, Victor Man, and Mohammed Sami; five works sold for over $6 million.

Fine art

Louvre acquires Chardin’s Strawberries painting thanks to 10,000 individual donors

theartnewspaper.com

The Louvre has raised the final €1.3m needed to acquire Jean Siméon Chardin's Basket of Wild Strawberries (1761), funded by almost 10,000 donors contributing over €1.6m. The painting, sold for €24.3m at Artcurial in 2022, will tour France before being exhibited at the Louvre-Lens, the Museum of Fine Arts Brest, and the Roger-Quilliot museum in Clermont-Ferrand.

Fine art

Sotheby’s Examines Impressionism’s Legacy Alongside London Auctions

Sotheby’s

Sotheby’s assembled an editorial package on Impressionism’s impact, featuring a discussion with curator Christopher Riopelle, Signac scholar Charlotte Hellman Cachin, artist Erik Madigan Heck and Sotheby’s Helena Newman. The package accompanied London Modern and Contemporary auctions held on 6–7 March 2024.

Fine art

Meet the sellers of $407 million worth of art hitting the block in London

news.artnet.com

The article discusses the March auction previews in London for Impressionist, modern, and contemporary art with presale estimates around £321 million ($407 million). It compares current estimates to previous years and notes changes at Christie’s, Sotheby’s, and Phillips, while revealing consignors for top lots including Francis Bacon, Landscape near Malabata, Tangier, 1963 from Christie's, with an estimate of £15 million–£20 million ($18.8 million–$25 million).

Fine art

Art Institute of Chicago accused of holding onto Nazi-looted Egon Schiele

theartnewspaper.com

Egon Schiele, Russian War Prisoner, 1916 is involved in a restitution dispute at the Art Institute of Chicago, which is accused by the Manhattan District Attorney’s office of willful blindness regarding Nazi-looted provenance. The investigation and filing relate to the drawing purchased in 1966 for $5,500 and valued by investigators at upwards of $1.2 million, with heirs of Fritz Grünbaum asserting a claim.

Fine art

The Louvre secures a prized Chardin after record fundraising campaign

news.artnet.com

Jean-Baptiste-Siméon Chardin, Le Panier de fraises des bois. Courtesy of ArtCurial. The Louvre Museum raised funds to acquire Le Panier de fraises (Basket of Wild Strawberries) (1761) by Jean Siméon Chardin, after it was auctioned by Artcurial in 2022 to the Kimbell Art Museum for €24.4 million. A public campaign, including support from LVMH, donors, and the Society of Friends of the Louvre, enabled the Louvre to reach the sale price and keep the work in France; the painting will be shown at the Louvre Lens and then tour to other French museums.

Concert review prodigious: the trout & four seasons

flyinginkpot.com

Derek Lim reviews PRODIGIOUS: The Trout & Four Seasons at Victoria Concert Hall, featuring Edward Tan, Martin Peh, Lin Juan, Julian Li, Shaun Choo for Schubert’s Trout Quintet and Yuto Lim, Sophia Fang, Jacob Cheng, Mark Chia with Yang Shuxiang leading re:Sound for Vivaldi’s The Four Seasons.

Six Concerts with multiple instruments by the London Handel Players at Wigmore Hall

planethugill.com

Planet Hugill reports on the London Handel Players under Adrian Butterfield performing Bach, Vivaldi and Telemann concertos in a multi-instrument format titled Six Concerts avec plusieurs instruments. The Wigmore Hall concert on Friday 1 March 2024 featured six concertos for varied instrumental combinations including Telemann’s concerto in E, Vivaldi’s Il Proteo, o il Mondo al Rovescio, and Bach’s oboe, violin and strings concerto in C minor.

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