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January 2005 fine-art market intelligence

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Fine art

Tate refused previous offer from Saatchi

theartnewspaper.com

The Art Newspaper reports that Tate’s Nicholas Serota said no to a formal 1998 gift offer of 100 works from Charles Saatchi, while still being open to purchasing major works. The article notes Saatchi’s later donation of 100 works to the Arts Council and mentions specific artists such as Langlands & Bell, Martin Creed, Chantal Joffe, Richard Billingham, Richard Wilson, and Glenn Brown.

Fine art

Reappears in Miami large-format oil by Diego Rivera

jornada.com.mx

Diego Rivera's large-scale oil In vinum veritas, measuring 1.11 by 2.71 meters, reappears in Miami after years of rumor about its history and owners. The painting, once linked to the Ciro's bar and the Reforma hotel, was auctioned at Sotheby's in 1986 with an alleged value of about $1.5 million, and later stored before resurfacing for exhibitions and private ownership.

Fine art

Venetian views offered in old master auction

nytimes.com

Carol Vogel reports from New York on the January old master paintings sales at Sotheby's and Christie's, noting the anticipated top lots by Canaletto, Guardi and Lippi and the broader market activity around Maastricht and the weak dollar.

Fine art

Matisse, Picasso draw crowds to Raleigh

eu.starnewsonline.com

The article reports that a show featuring works by Henri Matisse and Pablo Picasso at the North Carolina Museum of Art in Raleigh attracted large crowds. It states attendance figures (more than 87,000 viewing the show, revised to 110,000 by museum director Larry Wheeler), ticket price details ($12 general admission, $4.50 higher than prior prices), and a sales boost in museum memberships (nearly a 40 percent increase to about 14,000 members). It notes the show cost $1 million to bring from the Baltimore Museum of Art and that crowds may grow as the exhibition continues, with people often waiting in line and requiring timed tickets.

Fine art

Thief's mother admits chopping up 3bn in stolen art

smh.com.au

Mireille Breitwieser, the mother of Europe’s most prolific art thief, testified that she chopped up canvases her son Stephane Breitwieser stole and dumped them in a canal, in Strasbourg court proceedings. The son had admitted stealing hundreds of artworks across Europe, including a Lucas Cranach portrait valued at about A$11 million; he is already serving a Swiss prison sentence, and his mother faces charges of concealment and destruction of stolen goods.

Fine art

Guard sentenced for O'Keeffe art theft

upi.com

William Crumpton was sentenced to a year in jail and 5 years probation for burglarizing the Santa Fe County Treasurer's Office and attempting to steal a Georgia O'Keeffe painting, Red Canna 1919, from a New Mexico museum; he received credit for time served and was ordered to pay back $8,000.

Fine art

Raising London's crafts profile

nytimes.com

The article discusses the Daniel Katz Gallery in London and its contemporary glass sculptures, tied to the Collect fair at the Victoria and Albert Museum in South Kensington. It notes Collect's impact on promoting British applied art and cites figures such as Dan Klein and Mark Jones, as well as attendance and spending by visitors in 2004.

Fine art

Hirst shark sold for £7m

theguardian.com

Damien Hirst's pickled shark, The Physical Impossibility of Death In The Mind Of Someone Living, was sold for nearly £7 million to an unnamed US collector and likely donated to the Museum of Modern Art in New York; the sale involved Charles Saatchi, who paid £50,000 for the work in 1991 and £6,000 to acquire the dead animal from Australia.

Fine art

Hirsts shark heads for US

standard.co.uk

Damien Hirst's tiger shark suspended in formaldehyde, The Physical Impossibility Of Death In The Mind Of Someone Living, was sold by Charles Saatchi to an anonymous American collector and will be donated to the Museum of Modern Art in New York.

Fine art

Minister announces IMMA programme for 2005

imma.ie

Jasper Johns, Laurie Anderson, Dorothy Cross and Tony O’Malley are featured in IMMA's 2005 programme announced today by the Minister for Arts, Sport and Tourism. The year includes special shows for the White Stag Group and the Contemporary Irish Art Society, a full-colour publication of IMMA’s Collection, exhibitions by younger artists, an exhibition of Latin American art, a new schools programme with the Abbey Theatre, and lectures on contemporary music since the 1950s.

Fine art

Omagh royal art goes to tsunami aid

thetimes.com

Omagh royal art goes to tsunami aid. The article discusses a Windsor Castle North Aspect by Charles, donated after the Omagh bombing, and its sale/backing for tsunami relief; artists mentioned include Basil Blackshaw, Louis le Brocquy, Patrick Scott, William Crozier, Imogen Stuart, and Conor Fallon.

Fine art

Christie’s February Sales Bring Museum-Quality Impressionist, Modern and Surrealist Works to Market

Christie’s

Christie’s previewed February evening sales of Impressionist, modern and Surrealist art expected to total £36 million. The offering included major works by Soutine, Bonnard, Picasso, Magritte, Miró and Tanguy, led by Soutine’s Le pâtissier de Cagnes at £3 million–£4 million.

Fine Art

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