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July 2024 Market Intelligence

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Nippon Music Foundation announces results of 30th instrument loan committee

theviolinchannel.com

The Nippon Music Foundation announced the 2024 recipients of its 30th instrument loan committee. VC Young Artist Maria Dueñas received Stradivarius 1710 Violin Camposelice; Minami Yoshida received Stradivarius 1716 Violin Booth; Zlatomir Fung and Michiaki Ueno received instruments including cellos; the Goldmund Quartet received Stradivarius Paganini Quartet; Dmytro Udovychenko was loaned the 1708 Huggins Stradivarius as part of his Queen Elisabeth Violin Competition prize. The Foundation now holds 21 string instruments including 15 Stradivarius violins, 1 viola, 3 cellos, and 2 Guarneri del Gesu violins.

Fine art

Another Schiele work returned to the heirs of Fritz Grünbaum

theartnewspaper.com

This article reports the restitution ceremony in New York where a Nazi-looted drawing by Egon Schiele, Seated Nude Woman (1918), was returned to the heirs of Fritz Grünbaum. The work had been in the possession of the Papanek family before they sought out Grünbaum’s heirs to return it.

Stauffer Academy Cremona appoints new cello professor

theviolinchannel.com

The Violin Channel reports that Frans Helmerson has been appointed Professor of the Advanced Cello Course at Cremona’s Stauffer Academy, succeeding Antonio Meneses. Helmerson will lead the Advanced Cello Course starting in the 2024/25 academic year, with masterclasses involving Nicolas Altstaedt, Enrico Dindo, and Giovanni Sollima.

Fine art

US feds recover Picasso and other artworks tied to 1MDB scandal

artnews.com

The US Justice Department reached an agreement with Jasmine Loo Ai Swan to recover a Picasso drawing that sold at Christie’s in 2014, tied to 1MDB funds. The forfeiture order also涉及 works by Picasso, Monet, van Gogh, Basquiat, and Arbus connected to Low Taek Jho, with specific artworks including van Gogh’s La Maison de Vincent à Arles, Picasso’s Nature morte au crâne de taureau, Basquiat’s Redman One, Arbus’s Boy with the Toy Hand Grenade, and Monet’s Saint-Georges majeur, along with €25.3 million from Monet’s second work sale.

Fine art

Summer in Aspen: an art lover’s essential guide

Christie’s

Ahead of Aspen ArtWeek and ArtCrush, discover the picturesque city’s premier art institutions, architectural gems and more places for the art world to convene

Fine art

Ambassador Trevor Traina’s collection chronicles the post-war evolution of photography

Christie’s

The comprehensive collection of more than 130 photographs showcases the medium’s development from the post-war era to present

Fine art

Summer in the Hamptons: an art lover’s essential guide

Christie’s

Whether you prefer cutting-edge conceptual sculptures, tongue-in-cheek photography or meditative ceramics, there’s no shortage of exceptional shows to see out east

Fine art

Christie’s Classic Week sees record sales for Old Masters and artefacts

salonprivemag.com

Titian’s Rest on the Flight into Egypt sold for £17,560,000 ($22,178,280 / €20,633,000), a new world auction record for the artist. Quentin Metsys’s The Madonna of the Cherries realized £10,660,000 ($13,463,580 / €12,525,500), a new world auction record for the artist. The Old Masters Part I Sale total was £43,594,800 ($55,060,232 / €51,223,890) and Christie’s Classic Week London running total reached £53,609,182 ($67,708,397 / €62,990,789).

Fine art

Picasso, Chagall, Dali: bringing international artists to Indian buyers

forbesindia.com

The article discusses AstaGuru's upcoming July auction and private exhibition featuring international icons such as Salvador Dali, Pablo Picasso, Marc Chagall, Damien Hirst, Jeff Koons and Amedeo Modigliani, highlighting growing Indian interest in global art at comparable price levels.

Fine art

Stolen Titian, once found at a London bus stop, sells for a record $22 million

news.artnet.com

The Titian painting Rest on the Flight into Egypt (ca. 1508–10) sold for £17.6 million ($22.1 million) including fees at Christie’s Old Masters sale in London, setting a new auction record for Titian. The work, measuring 18 by 25 inches, has a storied provenance and was stolen twice, with its most recent theft in 1995 from Longleat; it previously appeared in collections including Archduke Leopold Wilhelm of Austria and is now in the Prado via a kunstkammer series.

Fine art

Old Master Titian painting sells for record $22.1 million at Christie’s in London

artnews.com

Titian's Rest on the Flight into Egypt (c.1510) sold for $22,178,280 at Christie’s London, setting an auction record for the artist. The piece is a wooden panel painting measuring 18 by 25 inches and depicted Mary with Jesus and Joseph; it was estimated at $20-30 million. Christie’s notes the work has passed through major European collections and was once owned by the 4th Marquess of Bath.

Fine art

Titian masterpiece stolen and found at bus stop sells for €20m

euronews.com

Titian’s painting The Rest on the Flight into Egypt sold for €20.6m at Christie’s in London, setting a new world record for Titian. The work was stolen multiple times, including from Longleat House, and was recovered from a plastic bag at a London bus stop by Charles Hill.

Stolen alert for 1754 Giovanni Battista Gabrielli violin

theviolinchannel.com

The Violin Channel reports a 1754 Giovanni Battista Gabrielli violin was stolen on a train in Belgium on June 21, 2024, around 9:00–10:20 AM on IC 3130 between Antwerp and Bruxelles Midi. The instrument was in a black carbon GEWA violin case with multiple stickers, accompanied by two bows: one by Claude Thomassin (made 1910–1920) and another marked Penzel; ownership is listed as Valerie Leopold, with Leopold’s name on the case handle. Contact information for tips is provided.

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