Claude Monet's Nympheas is seen at Sotheby's auction house in New York. The painting is expected to sell for 16,000,000 to 20,000,000 USD. The article also mentions the European Commission fining Sotheby's 20.4 million euros on October 30.
The Duke of Northumberland plans to sell Raphael's Madonna of the Pinks to the J Paul Getty Trust in Los Angeles for about £35m, as reported by a New York art magazine. The National Gallery hopes to secure the painting for the nation, and an export licence has not yet been granted. The duke says the sale is necessary to maintain his estate, including Alnwick Castle, and the painting was likely painted in Florence around 1507.
Carol Vogel reports that Thomas Weisel, San Francisco investment banker and trustee of MoMA and SFMOMA, is selling 21 of his 700 works from a private collection in an upcoming Sotheby’s sale; the piece references Gorkys, Klines, and Thiebaud
Pablo Picasso's Le peintre et son modèle, 1964, sold for $889,500 at Christie’s Impressionist and Modern Art day sale in New York. The top lot was followed by Andre Derain’s Le jardin at $592,500 and Marc Chagall’s La piste du cirque at $526,500.
Roy Lichtenstein's 1964 painting 'Happy Tears' sold for $7.1 million at Christie’s New York, setting a record for the artist. The sale was part of a $66.9 million auction of postwar and contemporary art that also saw records for seven other artists, including David Hockney and Laura Owens.
Comic Tears by Roy Lichtenstein sold for $7.1 million in New York, a new record. The sale also noted a high price for David Hockney's Portrait of Nick Wilder at $2.8 million and a record sum for Barnett Newman’s White Fire I at $3.8 million in relation to the Tate Modern exhibition.
Egon Schiele painting Wayside Shrine seized by Austrian police; authorities cite possible Nazi-era ill-gotten ownership connected to a Jewish collector, with heirs of Dr. Heinrich Rieger involved in restitution efforts.
Egon Schiele painting seized by Austrian police after allegations it was once owned by a Jewish collector who was forced to relinquish it in 1938 to a gallery owner connected to the Nazis, according to Peter S. Green in the New York Times.
The Guardian article discusses the discovery of a long-lost Lorca manuscript, its authentication by Christie's, and a subsequent court battle between Federico Garcia Lorca's heirs and Mexican actress Manola Saavedra over ownership.
Kenneth Thomson is expected to donate $50-million in cash for a new AGO expansion and contribute much of his art collection; the donation centers on the AGO's $170-million expansion led by Frank Gehry, with Matthew Teitelbaum as director. Included works reportedly include Rubens' The Massacre of the Innocents, purchased for $117-million in London in July. The AGO, marking its 100th anniversary, positions itself among North America's top art museums.
The Sunday Times reports that Glasgow council will admit that a still life painting, Le Pâté de Jambon, in the Burrell collection was possibly wrongfully obtained. The repatriation group is expected to offer compensation to the German family instead of returning the painting, with estimates around £25,000 to £100,000 depending on whether the work is by Chardin. The painting, once thought to be by Jean-Baptiste-Siméon Chardin, is now believed by experts to be by an imitator after his death, and documents indicate it was auctioned in 1936 to settle a Nazi-era tax bill.
The article reports that the government has temporarily barred the export of Study of a Mourning Woman by Michelangelo, a £7.5 million drawing found pasted into an album at Castle Howard, Yorkshire. A temporary export bar was also placed on a portrait by Benjamin West of the Lt.-General, the Hon Robert Monckton, assessed at £775,000. The measures will last at least until 28 January 2003.