Monthly archive
11 headlines
Source-linked reporting
mg.co.za
The National Gallery in Berlin renounces any claim to Summer Day, a 1903 Edvard Munch painting that Nazi authorities condemned as degenerate and which Norwegian collector Thomas Olsen had sold abroad; Olsen's son Fred Olsen has 12 Munch works up for sale at Sotheby’s, with three Olsen Munch paintings shown in Germany before a London auction.
latimes.com
The Los Angeles County Museum of Art (LACMA) received a donation funded by Jane Nathanson and Marc Nathanson to purchase 156 Edward Ruscha prints, expanding the museum’s Ruscha holdings from 87 to a larger collection. The gift covers works from Ruscha’s career, with about two dozen pieces still to be found elsewhere, and includes Ruscha’s first print, Dorothy Ruscha (1960 woodcut). The announcement notes Ruscha’s prominence in printmaking and mentions past and potential auction values of his works.
nbcnews.com
Maria Altmann, heir to the Bloch-Bauer family, will have five Gustav Klimt paintings returned by Austria after an arbitration court ruling; the works include Adele Bloch-Bauer I, valued at about $150 million collectively, with exact paintings and their estimated worth discussed in connection with the case.
jta.org
The article discusses Gustav Klimt paintings valued at $200 million being won by Maria Altmann, the niece of Ferdinand Bloch-Bauer, after a lengthy legal battle. It mentions the famous Adele Bloch-Bauer portrait and notes that five Klimt paintings were awarded to Altmann and her heirs, with some works likely staying at the Austrian Gallery while others would be transferred after compensation.
antiquesandthearts.com
Jean Dufy, the French artist (1888-1964), is the top lot at Weschler’s December 3 sale, selling for $52,875. Also featured were Pablo Picasso and Angel Botello works, with Picasso’s etching and aquatint selling for $44,650 and Botello’s oil on panel bringing $39,950.
latimes.com
Maria Altmann, who now lives in Los Angeles, wins arbitration against Austria to recover five Gustav Klimt paintings valued at about $150 million, including the portrait of Adele Bloch-Bauer. The ruling, issued by an Austrian arbitration court, will be binding and requires Austria to return the artworks. The decision follows a long legal battle and prior U.S. Supreme Court involvement.
ocala.com
The article reports that an Austrian arbitration court ruled that Austria is legally obligated to return five Klimt paintings to Maria Altmann, the heir of the family that owned them before Nazi takeover in 1938. The works, including Adele Bloch-Bauer I, were valued at about $150 million and had been displayed in Vienna’s Belvedere castle.
cmc.edu
Professor Petropoulos at center of Klimt painting return. The article discusses Jonathan Petropoulos’s role in the return of five Klimt paintings to Maria Altmann following a legal and arbitration process in Austria and the United States.
insurancejournal.com
New Mexico’s Museum of Fine Arts acquired a 1923 Stuart Davis painting, New Mexican Peak, using $700,000 from an insurance settlement related to a 2003 O’Keeffe theft. The Georgia O’Keeffe Museum announced it acquired another Stuart Davis painting and works by eight other artists, plus O’Keeffe’s Ghost Ranch Landscape for its permanent collection.
artnews.com
The article reports that a three-member Austrian arbitration panel ruled that the Klimt paintings belong to the descendants of Ferdinand Bloch-Bauer, not Maria Altmann. The works, valued at about $200 million, include Adele Bloch-Bauer I (1907) and Adele Bloch-Bauer II (1912), Beechwood (1903), Apple Tree I (1911–12), and Houses in Unterach am Attersee (circa 1916), and are currently held by the Österreichische Galerie Belvedere in Vienna.
artnews.com
Rauschenberg’s combines are showcased at the Metropolitan Museum of Art in New York, highlighting their ongoing impact and high demand. The article notes how the works, once inexpensive, are now highly sought after, with major institutions and private collectors holding works and high-profile private sales illustrating the market strength.