Detroit Institute of Arts buys $1m Whistler painting
artnews.com
James McNeill Whistler. Artwork discussed: Violet and Blue: Among the Rollers, 1893. $1.01 million purchase price (including buyer’s premium).
Monthly archive
February 2007 fine-art market intelligence
12 headlines
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12 headlinesRecord £14m for Bacon's 'Pope'
telegraph.co.uk
Francis Bacon's painting Study for Portrait II from his Pope series sold for £14m at Christie's, with Sophia Loren noted as the seller; the sale followed a week of major art auctions in London.
£6m sale for an artist who actually paints
thetimes.com
Peter Doig’s White Canoe sold for £5.73 million at Sotheby’s, a record for a living European artist, as part of a sale that totalled £45.76 million; other works by Andy Warhol and Roy Lichtenstein also featured in the sale.
Bacon painting sells for record £14m at Christie’s to New York dealer
independent.co.uk
Francis Bacon's Study for Portrait II, painted in 1956, sold at Christie’s for £14m, a new record and the second-most expensive postwar work at auction. The painting was bought by New York art dealer Andrew Fabricant for the Richard Gray Gallery.
Bacons pope painting fetches record price
cbc.ca
Francis Bacon's 1956 Study for Portrait II, a painting of Pope Innocent X, sold for £14 million ($32 million CAD) at Christie's, setting a record for a Bacon work and the second-highest price for a post-1945 artwork. The portrait is based on Diego Velazquez's 1650 painting of Pope Innocent X and is part of Bacon's pope series.
Settlement would allow Fisk University to sell 2 paintings from its Stieglitz collection
heraldtribune.com
Georgia O’Keeffe’s Radiator Building – Night, New York and Marsden Hartley’s Painting No. 3, two paintings from Fisk University’s Stieglitz collection, could be sold under a settlement that requires Fisk to seek donor support to keep them; if no donor steps forward within 30 days, the Georgia O’Keeffe Museum will buy Radiator Building for $7 million and Fisk may sell Hartley’s painting.
Settlement would allow Fisk University to sell two paintings from its Stieglitz collection
nytimes.com
The New York Times reports Fisk University in Nashville will be allowed to sell two Stieglitz-related paintings, Radiator Building , Night, New York by Georgia O’Keeffe and Painting No. 3 by Marsden Hartley, if no donor is found to keep them. Each work is appraised at $8.5 million, and the settlement requires Fisk to seek donations to retain them; if no donor steps forward within 30 days, the Georgia O’Keeffe Museum will purchase Radiator Building for $7 million and Fisk may auction the Hartley.
Settlement would allow Fisk University to sell 2 paintings from its Stieglitz collection
eu.starnewsonline.com
Fisk University will be allowed under a settlement to sell two paintings from its Stieglitz collection if no donor can be found to keep them, with one painting to be purchased by the Georgia O’Keeffe Museum for $7 million and Fisk potentially selling the Marsden Hartley piece. Each painting is appraised at $8.5 million, and Fisk must seek donations to keep one or both works; court approval would be required for any sale.
Phillips Contemporary makes a strong showing at London sale
artnews.com
Phillips, de Pury & Company held a 92-lot contemporary art sale in a Bloomsbury ballroom, featuring 40 works from Kika Borghese’s Chinese collection. The auction realized £5.28 million ($10.4 million) with six Western records and notable prices for Zhang Xiaogang, Tang Zhigang, Mark Handforth, Keith Tyson, Michael Elmgreen & Ingar Dragset, Wim Delvoye, José María Cano, and Martin Kippenberger across participating galleries.
Monet, Degas sales may make history
latimes.com
Monet and Degas paintings were sold by Rohrer Fine Art to a California collector, with each piece selling for several million dollars, in what could be one of Laguna’s highest-priced art transactions. The gallery, opened in 2006, is co-owned by Jim Carona and Chip Tom and operates with a Palm Desert sister gallery, Heather James Art & Antiquities, listing artists such as Warhol, Rauschenberg, Tamayo, Zuniga, Toulouse-Lautrec, Picasso, van Gogh, Matisse, Renoir, Frida Kahlo and Lichtenstein in its network.
$66 million in Picasso paintings stolen in Paris
nbcnews.com
Two Pablo Picasso paintings, a portrait of his daughter Maya and a portrait of his second wife Jacqueline, were stolen from Picasso’s granddaughter Diana Widmaier-Picasso in Paris. The two works are valued together at about $66 million.
Picasso works stolen from granddaughter’s home
artforum.com
Two Picasso paintings, Maya a la poupee (1938) and Portrait de femme, Jacqueline (1961), were stolen from the home of Picasso’s granddaughter Diana Widmaier-Picasso in Paris; the theft involved signs of breaking and entering and totaled nearly sixty-six million dollars in value.