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August 2003 fine-art market intelligence

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Fine art

Milwaukee to install O’Keeffe paintings

antiquesandthearts.com

A Milwaukee Art Museum installation will place 22 Georgia O’Keeffe works in the Bradley Galleries starting September 4. The project coincides with the exhibition tour “O’Keeffe’s O’Keeffes: The Artist’s Collection” and notes gifts from Mrs Harry Lynde Bradley and the museum’s development in the Bradley collection.

Fine art

Art theft cops and the loot of all evil

washingtonpost.com

The Washington Post article discusses Italy’s most wanted stolen art, notably Caravaggio's Nativity With SS. Francis and Lawrence, which was stolen from the Oratorio di San Lorenzo in Palermo in 1969. The piece notes the painting's value in the tens of millions of dollars and links the theft to the timing of Italy's creation of the world’s first SWAT team to combat art theft.

Fine art

Benefits / artists to finish, then auction works for Sonoma museum

sfgate.com

Catherine Bigelow reports on a Sonoma Valley Museum of Art benefit event featuring artists Roberta Alexander, Holly Blake, Stacia Brady, Will Combs, Sandy Lane, Brett Martin, Keith Wicks and others, where artists’ completed works will be auctioned; event details include a 5 p.m. reception at Atwood Ranch in Glen Ellen, with tickets priced at $125 or $1,250 for tables of 10.

Fine art

Doubt over rescue plan for Madonna of the Pinks

independent.co.uk

Raphael's Madonna of the Pinks, a 495-year-old painting, is at the center of a dispute over export restrictions tied to a proposed £34.9m sale by the Duke of Northumberland to the Getty Museum in California. The National Gallery and DCMS are negotiating a matching offer and potential export ban, with funding contributions including £11.5m from the Heritage Lottery Fund and £21m valuation from the National Gallery, while tax considerations and past valuations add complexity.

Fine art

£40m Leonardo is stolen from duke's art collection

independent.co.uk

Leonardo da Vinci's Madonna with the Yarnwinder, valued at £40m, was stolen from the Duke of Buccleuch's Drumlanrig Castle in Scotland. The theft occurred as two men overpowered a woman guide; the painting is part of a private collection that also includes Rembrandt and Holbein works.

Fine art

Museums: stolen Caspar David Friedrich painting returned

mz.de

The Hamburg Kunsthalle has taken back Caspar David Friedrich's Nebelschwaden, which was stolen in 1994 from the Schirn in Frankfurt during a 1994 art theft. The Kunsthalle stated no money was paid for the return of the painting, asserting it is authentic and in good condition. The work was previously on loan from Tate Gallery and the Turner paintings involved in the theft were returned to Tate in 2002.

Fine art

How tourist thieves stole duke’s £60m Madonna

thetimes.com

The Times reports that two art thieves posing as tourists stole the Madonna of the Yarnwinder, a £60 million Leonardo da Vinci painting, from Drumlanrig Castle in Dumfries and Galloway, England. A large police manhunt followed as investigators sought the white Volkswagen Golf GTi connected to the theft.

Fine art

Reward offered for stolen Da Vinci painting

artforum.com

The Telegraph reports a six-figure reward for the return of Leonardo da Vinci's Madonna with the Yarnwinder (c. 1510), stolen from Drumlanrig Castle in Scotland. The painting is valued at about twenty-five million pounds (forty million dollars) and is considered one of the UK's most important stolen artworks.

Fine art

The future of Raphael’s Madonna of the pinks still hangs in the balance

theartnewspaper.com

The article discusses the fate of Raphael’s Madonna of the pinks, including a lottery grant of £11.5 million to the National Gallery and competing offers of £21 million and £29.5 million. It notes the export licence deferral and the Getty Museum’s previous £35 million purchase, along with various donors contributing to the National Gallery bid.

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