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August 2004 fine-art market intelligence

6 headlines

6 headlines

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Category: Fine art

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6 headlines
Fine art

Armed robbers steal The Scream from Munch Museum in Oslo

aljazeera.com

The Al Jazeera article reports that two masked robbers forced a museum employee to remove The Scream and Madonna from the Munch Museum in Oslo at gunpoint, escaping in a car with a third man. The stolen works, valued at millions of dollars, were cut from their frames and later found discarded in another part of the city; a previous theft of The Scream from Norway’s National Gallery in 1994 is also noted.

Fine art

€59m painting robbery stuns art world

irishexaminer.com

The article reports a €59m raid at the Munch Museum in Oslo where The Scream by Edvard Munch and another painting were stolen at gunpoint; no injuries were reported and a nationwide manhunt was launched. It notes concerns about the security and potential ransom, and mentions previous thefts of different versions of The Scream.

Fine art

An embarrassment of burghers

starnewsonline.com

The Rijksmuseum acquired The Burgher of Delft and his Daughter (1655) by Jan Steen for $14.6 million from Lady Janet Douglas Pennant’s estate; the work is noted for depicting wealth and poverty in the Dutch Golden Age and is linked to Jan Steen and Johannes Vermeer, with context about The Embarrassment of Riches by Simon Schama.

Fine art

London Impressionist and Modern art sales report: Modigliani and Matisse overtake soft-focus Impressionists

theartnewspaper.com

London Impressionist and Modern art sales report: Modigliani and Matisse overtake soft-focus Impressionists. The article discusses Sotheby’s and Christie’s sales in June 2004, noting Modigliani, Matisse, Van Gogh, Picasso and Kandinsky as top performers, with Renoir, Sisley, Pissarro and Degas lagging. It mentions the highest price of the week for Matisse’s Odalisque au fauteuil noir at £6.6 million ($12 million) and a unsold Renoir piece at £5.9 million (est. £6/8 million), along with currency effects and buyer origins.

Fine art

Corbis to represent Warhol Foundation’s digital archive

theartnewspaper.com

The Art Newspaper reports that Corbis has signed a two-year contract to become the exclusive agent for digital images of Warhol and his work, launching a Warhol website with over 500 images. Gary Shenk comments on licensing, and the Warhol Foundation will receive royalties; Corbis already represents other archives and has various museum deals. Corbis’s revenue last year was around $140 million.

Fine art

Contemporary auction sales report British art makes the great leap

theartnewspaper.com

The Art Newspaper reports that Sotheby’s and Christie’s achieved strong totals in London for contemporary British art, with Bacon, Auerbach, Freud, and Kossoff among the standout names. The piece notes records and high demand, despite a weaker US dollar, and highlights buyer demographics at Christie’s and Sotheby’s.

Fine Art

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