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April 2010 fine-art market intelligence

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Fine art

Kahlo painting of idol to reappear at auction

today.com

Frida Kahlo's painting Survivor, depicting a pre-Hispanic idol, is going on sale at Christie's Latin American art sale on May 26 after reemerging publicly for the first time in 72 years; Christie's Virgilio Garza discusses the work, its ex-voto framing, and Kahlo's late-relationship context with Diego Rivera. Christie’s estimates for Survivor are between $100,000 and $150,000.

Fine art

Phillips de Pury & Company to hold BRIC auctions at Saatchi Gallery

fineartpublicity.com

Phillips de Pury & Company will hold BRIC auctions at Saatchi Gallery in London on 23 and 24 April, featuring works from Brazil, Russia, India and China across Contemporary Art, Photography, Design and Editions. The sale will comprise about 450 lots and will be hosted at the Saatchi Gallery with free public admission.

Fine art

Atlanta collectors gift works to the High Museum

fineartpublicity.com

The High Museum of Art received a gift of 47 works, mainly prints and posters from Irene and Howard Stein, including works by Toulouse-Lautrec, Bonnard, Degas, Gauguin, Daumier and Signac, and sculptures by Xavery, Desjardins, Cordier and Dalou. The gift is connected with a forthcoming exhibition titled Toulouse-Lautrec and Friends: The Stein Collection opening January 2011.

Fine art

Elvgren, Vargas, Petty and other pin-up luminaries head to Beverly Hills for $3,000,000+ Heritage Auction

newswire.com

Elvgren, Vargas, Petty, Armstrong, Bolles, and Moran are highlighted as key artists in Heritage Auction Galleries’ Beverly Hills Illustration Art sale, part of the Charles Martignette Estate offerings. The auction is scheduled for May 7, 2010, with pieces such as Gil Elvgren's Bear Facts (A Modest Look; Bearback Rider) estimated at $50,000 to $75,000.

Fine art

Phillips will sell Halsey Minor’s art collection to satisfy bank loan

artnews.com

The article discusses Phillips de Pury & Company winning the right to auction 96 works from Halsey Minor to repay loans totaling more than $25 million from Merrill Lynch Private Finance (now Bank of America). The sale in New York on May 13 includes works by John Baldessari, Takashi Murakami, Richard Prince, Ed Ruscha, and Marc Newson, among others. Proceeds are intended to pay back the loan obligations.

Fine art

Published - Classical Returns of Chinese art

luxartasia.com

The article discusses a surge in interest in classical Chinese art and 20th-century masters, noting Wu Bin’s Eighteen Arhats at $24.8 million as 2009's top Chinese painting price, and compares it with the record for Ming-dynasty Qiu Ying in 2008. It cites Rupert Hoogewerf of the Hurun Report and references a broader shift back to classical ink paintings among Chinese collectors.

Fine art

Giuseppe Panza di Biumo dies at 87; art collector legitimized MOCA

latimes.com

Giuseppe Panza di Biumo, an Italian collector of American postwar art, died at 87 in Milan. He and his wife Giovanna sold 80 works by Mark Rothko, Robert Rauschenberg, Roy Lichtenstein and others to the Museum of Contemporary Art in Los Angeles, providing foundational support to MOCA. Paul Schimmel, MOCA’s chief curator, commented on Panza’s significant impact on artists, institutions, and Los Angeles’ international standing in the arts.

Fine art

Art dealer to plead guilty in fake $2M Picasso

sgvtribune.com

Tatiana Khan, a West Hollywood art dealer, agreed to plead guilty to making false statements to the FBI and witness tampering in connection with a $2 million sale of a fake Pablo Picasso pastel. The plea includes restitution to the purchaser identified only by the initials V.S. and surrender of a Willem de Kooning painting to the government for auction to reimburse the victim and cover prosecution costs.

Fine art

Shitao Album Valued at HK$120 Million for Christie’s Hong Kong

Christie’s

Christie’s valued Shitao’s eight-leaf Landscapes Inspired by Du Fu’s Poetic Sensibilities at HK$120 million, calling it the most valuable Chinese painting yet presented at auction in Hong Kong. The work led more than 400 paintings and calligraphy lots valued above HK$350 million.

Fine Art

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