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December 2005 fine-art market intelligence

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Fine art

Unique Turner painting rescued

nhmf.org.uk

The National Heritage Memorial Fund reports that J M W Turner’s last privately owned Lake District watercolour, Ullswater, Cumberland, was bought for £300,000 and is on display at the Wordsworth Trust in Grasmere. The work was funded by NHMF and several partners, and forms part of the Treasures of the Wordsworth Trust exhibition at the Wordsworth Museum near Dove Cottage.

Fine art

Gauguin and Impressionism at the Kimbell Art Museum

absolutearts.com

Gauguin and Impressionism is a 2005 exhibition at the Kimbell Art Museum in Fort Worth, Texas, United States, focusing on Paul Gauguin’s early career and his relationship to the wider Impressionist movement. The show runs from December 18, 2005, to March 26, 2006, and situates Gauguin among his Impressionist peers while highlighting his paintings and sculptural works within the movement.

Fine art

Sotheby’s captures record for American portrait at auction

antiquesandthearts.com

The article reports that Sotheby’s sale of American paintings, drawings and sculpture brought $62,979,600, with Gilbert Stuart’s Portrait of George Washington (The Constable-Hamilton Portrait) selling for $8,136,000, a new artist record at auction. It notes records for several major artists including Gilbert Stuart, Grant Wood, Stuart Davis, John Singleton Copley, Guy Rose, Charles Prendergast and Samuel F.B. Morse, among others.

Fine art

Jean-Pierre Lehmann and Gallery Resolve Quarrel

artnews.com

Jean-Pierre Lehmann and Gallery Resolve Quarrel discusses a two-year legal action between Manhattan art collector and gallery-back er Jean-Pierre Lehmann and art dealer Christian Haye of The Project gallery, resolved with confidential terms. The dispute originated from Lehmann loaning $75,000 to The Project and seeking discounts on Julie Mehretu works, with a prior court ruling awarding Lehmann $1.7 million in damages.

Fine art

Tate paid £3.2 million for art return

thetimes.com

The Times reports that Tate director Sir Nicholas Serota admitted paying a £3.2 million reward to recover two Turner masterpieces, claiming £3.5 million covered information and expenses. Legal documents indicate most of the money went to a German lawyer acting for criminals, with a portion possibly reaching the thieves; the paintings were recovered after negotiations that began in 1999.

Fine art

Tate admits to paying ransom for Turner paintings

artforum.com

The Tate has admitted paying £3.1 million ($5.4 million) to recover two stolen J. M. W. Turner paintings, Shade And Darkness: The Evening of the Deluge and Light And Colour (Goethe’s Theory): The Morning After the Deluge, both from 1843. The ransom was paid to German lawyer Edgar Liebrucks in 1999, contrary to earlier denials.

Fine art

National Gallery receives Broida gift

latimes.com

Edward R. Broida donated 62 works by 23 artists to the National Gallery of Art in Washington, D.C., including pieces by Vija Celmins, Philip Guston, Carl Andre, Claes Oldenburg, Mark di Suvero, Robert Morris and Susan Rothenberg. The donation, announced amid a broader list of acquisitions approved by the museum's board, follows Broida's earlier gift of 174 works to MoMA in New York.

Fine art

N C Museum Receives Rodin Gift From Cantor Foundation

antiquesandthearts.com

The North Carolina Museum of Art announced it has received an unprecedented gift of Auguste Rodin works from the Iris and B. Gerald Cantor Foundation, including 24 works with 22 bronze sculptures. The works will be displayed in new galleries as part of a planned $75 million expansion slated for completion in 2008, and a Rodin study center and Rodin gallery will be named in honor of the Cantor Foundation.

Fine art

Insurance helps Santa Fe museums with art acquisitions

insurancejournal.com

The Museum of Fine Arts in Santa Fe acquired Stuart Davis's 1923 painting New Mexican Peak using insurance funds from a 2003 theft settlement for an O’Keeffe work. The Georgia O’Keeffe Museum announced it acquired another Stuart Davis painting and works by eight other artists, along with O’Keeffe’s Ghost Ranch Landscape, donated by Jerome M. Westheimer.

Fine art

Arts, Briefly; Auction of MAD Artwork

nytimes.com

The article reports that the last original MAD Magazine artwork from its archives will be auctioned in 2006, starting with a January 21 sale at Heritage Galleries & Auctioneers in Dallas. Artists represented include Don Martin, Antonio Prohias, Sergio Aragonés, Jack Davis and Mort Drucker, with some works from the private collections of Dick DeBartolo and Richard Williams and the estate of George Woodbridge.

Fine Art

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