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November 2003 fine-art market intelligence

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6 headlines

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Fine art

Henry Moore sculpture fetches record-breaking £3.9m at New York sale

independent.co.uk

Henry Moore sculpture, Three Piece Reclining Figure: Draped, sold at Christie's Rockefeller Center in New York for about £3.9m, setting a world record for British sculpture; pre-sale estimate was £3.1m. The work was conceived in 1975 and has a history with the Henry Moore Foundation and Luxembourg courts of justice before a private buyer acquired it in 1997.

Fine art

The Riopelle fire sale

theglobeandmail.com

The article discusses Jean-Paul Riopelle, his dramatic painting style, and biographical highlights from his early career to his death in 2002, including references to his time in Paris, his influence on Canadian art, and the impact anticipated from Riopelle estate executors. The piece mentions Riopelle’s sisters Sylvie and Yseult.

Fine art

Riopelle children halt auction of dad's art

cbc.ca

Jean-Paul Riopelle's children obtained a temporary injunction from Quebec Superior Court to halt the auction of Riopelle's paintings and sculptures, delaying the sale at the Ritz Carleton in Montreal. The injunction was granted by Justice Nicole Benard and concerns Riopelle's estate, with his wife and executors involved; the auction was planned for Wednesday night and aims to cover debts exceeding $14.5 million.

Fine art

Damien Hirst buys back his own work from Saatchi and others

nytimes.com

Damien Hirst is described as purchasing back a substantial portion of his early works from Charles Saatchi, with Jay Jopling (White Cube galleries) involved in the deal estimated at around $15 million for about 12 pieces. The article notes how owning early works could influence Hirst’s control over his market and mentions past prices and Hirst’s status as a Young British Artist.

Fine art

El Prado adquiere el barbero del Papa de Velázquez para completar todas las etapas del pintor

elpais.com

El Prado incorpora el cuadro El barbero del Papa, de Velázquez, pintado en 1650 durante su segundo viaje a Italia, comprado por 23 millones de euros. Con esta adquisición, el museo suma obras representativas de todas las etapas del pintor, dejando 47 de las 120 obras de Velázquez en su colección; el barbero del Papa quedará en la sala 14 de momento, tras análisis técnicos y restauración.

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