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January 2004 fine-art market intelligence

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Fine art

Sotheby’s to auction Whitney-owned paintings

bloodhorse.com

The Sotheby’s release states 44 paintings from the Greentree Foundation, established in 1982 by Mrs. John Hay Whitney after John Hay Whitney’s death, will be auctioned in New York on May 5 in a single-owner evening sale. The collection includes major works by Manet, Degas, Monet, Munnings, and Sargent, and Picasso’s Garçon à la Pipe, estimated to sell for over $70 million, with overall collection estimated in excess of $140 million.

Fine art

Whitney collection of art goes on the block

eu.tuscaloosanews.com

The article discusses Sotheby's sale of more than 40 Impressionist and modern paintings from the Whitney collection in New York, with an estimated price range of 140 million to 190 million dollars. It mentions works by Manet, Degas, Monet, and Sargent and a Picasso “Boy With a Pipe,” notes the Whitney heirs, and states proceeds will benefit the Greentree Foundation.

Fine art

Velázquez a precio récord | Fortuna | Cinco Días

cincodias.elpais.com

M. Paul reports that Alcalá Subastas is auctioning Velázquez's The Tears of Saint Peter, expected to start at eight million euros, the highest price ever for a Spanish artwork. The piece is linked to previous Velázquez references such as Santa Rufina sold by Christie’s for nearly $9 million in 1999 and Cabeza de apóstol sold by Alcalá Subastas for 2.4 million euros, neither of which affected the current bidding. The painting is an oil on canvas, 132 x 98.5 cm, with significant provenance and cultural status, declared inexportable and protected as a bien de interés cultural.

Fine art

Ship lost at Clark and missing records raise concerns, but establishment remains unaffected

artwatchinternational.com

The article discusses a 1932 photograph related to Turner’s Rockets and Blue Lights, which was used to support claims about the painting's restoration and authenticity. It mentions the involvement of dealers Knoedler, the Clark collection, and references to various copies and restorations of the artwork by Robert Carrick and Whistler.

Fine art

L.A. loses Velazquez portrait to Madrid

upi.com

The Prado in Madrid bought the Diego Velazquez portrait The Pope's Barber, which had been offered to the Getty Museum in Los Angeles but declined, for 27.4 million. The painting had been offered to the Getty for 36 million.

Fine Art

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