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December 2004 fine-art market intelligence

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Fine art

The Thomas Kinkade Company acquires Maurizio Cattelan

fromthefloor.blogspot.com

Todd Gibson reports on From the Floor about The Thomas Kinkade Company acquiring Maurizio Cattelan, a move described as extending Cattelan’s brand presence in North America. The press release states TKC will acquire rights to all future production by Maurizio Cattelan for an undisclosed cash amount and notes a long-term contract for site-specific works with museums and biennials.

Fine art

Un cuadro de Sánchez Cotán se vende por 5,85 millones de euros en subasta en Londres

elpais.com

The Sánchez Cotán still life Cardo y francolín (c. 1600) sold at Christie’s in London for 5.85 million euros, a record for a Spanish still life. The buyer is an American private bidder whose identity was not disclosed. Also sold was El Greco’s The Baptism of Christ (ca. 1567–1570) to Creta, Greece, for 1.14 million euros.

Fine art

Gallery admits €5.5m art fraud

irishexaminer.com

The owner of Exclusive Art gallery in Manhattan, Ely Sakhai, and office manager Houshi Sandjaby admitted roles in a scheme involving forged paintings by artists such as Marc Chagall and Pierre-Auguste Renoir totaling €5.5 million (£3.8m). Sakhai agreed to pay €10m and forfeit 11 paintings, with a prison term of three to four years; Sandjaby faces up to five years. The forged works spanned at least 15 years and involved copying authentic paintings and aging coatings to look authentic.

Fine art

Manhattan art dealer pleads guilty to forged works in $7 million scam

nypost.com

Ely Sakhai, owner of Exclusive Art, pleaded guilty to wire fraud and conspiracy for commissioning forgeries of works by Marc Chagall, Amedeo Modigliani, Pierre-Auguste Renoir, Paul Klee and Paul Gaugin, and selling them for about $7 million over 15 years. He agreed to pay $12.5 million in restitution and to forfeit 11 paintings; gallery manager Houshi Sandjaby also pleaded guilty to one count of conspiracy.

Fine art

Forged Gauguin exposes artful dodger – The Mail & Guardian

mg.co.za

Gauguin, Renoir, Chagall, Modigliani, Klee, Cezanne. Artwork titles mentioned: Vase de Fleurs by Gauguin, Le Mont Kolsas by Monet (though Monet is named among artists, not artwork title), Le Roi David dans le Paysage Vert by Chagall. restitution $12,5-million, estimated $3,5-million illicit gains, original sale at Sotheby’s for £169 000. Museums/rooms: none. The page discusses Ely Sakhai’s fraud involving copies of paintings attributed to Gauguin and other artists, ultimate restitution, and auctions at Christie’s and Sotheby’s.

Fine art

Trustee’s donation a milestone for MOCA

latimes.com

Suzanne Muchnic reports that MOCA received a gift of 123 works by 78 artists from E. Blake Byrne, a MOCA trustee. The donation significantly expands the museum's holdings, including works by John Baldessari, Mike Kelley, Robert Gober, Ed Ruscha and Andy Warhol, and adds new names to the collection.

Fine art

The History of Art, in Baggy Jeans and Bomber Jackets

nytimes.com

The artist Kehinde Wiley is featured in a studio visit profile by Mia Fineman, published December 19, 2004, describing Wiley at his West 23rd Street studio ahead of Art Basel Miami Beach; the article notes his representation by major galleries in New York, Los Angeles and Chicago.

Fine art

St Petersburg: Rubens looted from Germany discovered at Hermitage

codart.nl

Willem van Haecht Apelles paints Campaspe is mentioned in the page; the main article discusses Peter Paul Rubens, Venus disarming Mars, and its discovery at the State Hermitage Museum in St Petersburg after being looted from Königsberg Castle in East Prussia in 1945, with discussion of ownership and potential return.

Fine art

Saatchi makes £6.2m profit on Hirsts shark

standard.co.uk

Damien Hirst's pickled shark could be heading out of the country after Charles Saatchi agreed to sell the artwork for £6.25 million. The deal will mean that Saatchi will make a £6.2 million profit on the work he bought 13 years ago for £50,000.

Fine art

Transforming the American Still Life

antiquesandthearts.com

Claude Hirst, born Claudine, is discussed in relation to the trompe l’oeil still life tradition in America at the turn of the twentieth century. Approximately 30 paintings by Hirst are featured in the Columbus Museum of Art exhibition Claude Raguet Hirst: Transforming the American Still Life, on view January 15–April 10 at 480 East Broad Street.

Fine Art

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