Monthly archive
23 headlines
Source-linked reporting
copyrightlitigation.blogspot.com
The page reports that Chief Judge Loretta Preska approved a settlement in the Portrait of Wally case, with the Leopold Museum paying $19 million and the Estate releasing its claim to the painting. The painting, by Egon Schiele, was stolen from a Jewish art dealer and collector by a Nazi agent. The settlement was announced by the Estate of Lea Bondi Jaray and approved by Judge Preska.
bbc.co.uk
Charles Saatchi is gifting more than 200 works and the Saatchi Gallery to the British public, valuing over £25m. The 70,000 sq ft Saatchi Gallery in Chelsea will become the Museum of Contemporary Art for London (MOCA London) and will be free and self-funded. The collection includes Tracey Emin, Jake and Dinos Chapman, Jitish Kallat, Kader Attia, Richard Wilson, Grayson Perry, and Emily Prince among others.
huffpost.com
Pablo Picasso's 1932 portrait Nude, Green Leaves and Bust, owned by Los Angeles collector Francie Brody, sold for $106.5 million at a Christie's auction, setting a new record for any artwork sold at auction. The piece, from Picasso's Marie Therese period, drew bidding from multiple participants in the room and by phone, with the auctioneer Christopher Burge effectively managing the intense bidding.
latimes.com
The article discusses the Getty Museum considering purchasing a J.M.W. Turner masterpiece for 44.9 million dollars if the British cannot match the price.
artforum.com
J. M. W. Turner’s Modern Rome, Campo Vaccino, 1839, was purchased by the J. Paul Getty Museum at Sotheby’s in London for $44.9 million, a new auction record for Turner. The sale was reported by Carol Vogel in the New York Times.
bbc.co.uk
Diana's Northamptonshire home Althorp raised £21.1m after a three day Christie’s London sale; notable lots included Sir Peter Paul Rubens’s A Commander being Armed for Battle which sold for £9m and Giovanni Francesco Barbieri’s King David which sold for £5.1m. Althorp is undergoing a £10m restoration project, with additional items from the Spencer Carriage Collection and attics, stables and cellars contributing to the total from 757 lots.
mutualart.com
J.M.W. Turner artwork sold for 45 million USD to the J. Paul Getty Museum. No additional artists, makers, or auction houses are explicitly named in the provided text beyond J.M.W. Turner and J. Paul Getty Museum.
countrylife.co.uk
A Turner painting of Rome was auctioned at Sotheby’s in London for a record price of almost £30 million.
sandiegouniontribune.com
A commission in Vienna recommended that four paintings from the Leopold Museum Private Foundation be returned because they were seized by the Nazis or donated under duress by former Jewish owners. The works include a painting by Egon Schiele, and three by Anton Romako, linked to Oskar Reichel and Jenny Steiner through the restitution discussion. The decision is nonbinding and part of Austria's restitution process under a 1998 law.
artsjournal.com
The article reports that the Estate of Lea Bondi Jaray and the United States Government reached a $19 million settlement with the Leopold Museum in the case United States of America v. Portrait of Wally, related to the Nazi-era ownership of Egon Schiele’s Portrait of Wally (1912). The settlement was announced by Herrick, Feinstein, and precedes a potential trial in federal court in Manhattan; the painting will be exhibited in New York before its return to the Leopold Museum.
oe24.at
The Leopold Foundation buys back Egon Schiele's Portrait of Wally for 19 million dollars (14.8 million euros). The work, seized in New York as the so-called 'Theft Property' and tied to Lea Bondi-Jaray heirs, returns to Vienna just before a scheduled court date in New York. The painting will be exhibited at the Jewish Museum New York before transport, and potential financing details involve Leopold Foundation possibly using other artworks as security.
bbc.co.uk
Egon Schiele’s Portrait of Wally was involved in a settlement where an Austrian museum agreed to pay $19m (£12m) to Lea Bondi Jaray’s estate after the painting, once loaned to MoMA, was found to have been stolen during World War II.
diepresse.com
Egon Schiele's portrait Bildnis Wally, seized as looted art, returns to Austria from New York after a settlement worth 19 million dollars (about 14.8 million euros) to the heirs of Lea Bondi-Jaray. Raiffeisen Landesbank Wien-Niederösterreich provides pre-financing, with five Schiele gouaches pledged as collateral. The work is described as one of Schiele's most famous pieces and has been called the Mona Lisa of the 20th century by some observers.
thejc.com
The Austrian museum agreed to pay more than £12 million for the painting Portrait of Wally by Egon Schiele, which had been stolen from its Jewish owner Lea Bondi Jaray by the Nazis; the dispute began in 1999 and was settled outside of court, after plans for a trial.
diepresse.com
The article discusses the restitution case of Egon Schiele's painting Bildnis Wally, returning to Austria after twelve years in the United States. It parallels the earlier Klimt painting The Golden Adele, whose restitution and sale by Maria Altmann’s heirs are noted; the Leopold Foundation agreed to pay 19 million dollars to the heirs of Rudolf Leopold.
artnews.conteart.com
The article reports that Freeman’s was appointed by Lehman Brothers Holdings Inc. and Alvarez & Marsal to sell selected works from the Neuberger Berman and Lehman Brothers corporate art collections, subject to bankruptcy court approval. The sale, including more than 250 works from multiple U.S. offices, is part of a Modern and Contemporary Art auction in Philadelphia scheduled for November 7, 2010, with works by artists such as Robert Mangold, Alex Katz, Sol LeWitt, and Judy Pfaff.
artnews.com
The article reports that Jeanne Marchig filed a lawsuit against Christie’s alleging breach of fiduciary duty, breach of warranty and negligence over a drawing consigned to Christie’s in 1997 and sold in 1998 for $21,850. The drawing, initially attributed to an anonymous German artist and dated to the 19th century by Christie’s expert François Borne, has been reattributed by several experts to Leonardo da Vinci, with accompanying evidence cited in Marchig’s complaint. The case notes the drawing’s insurance value exceeding $100 million and involves proceedings in New York.
artnews.com
Sotheby’s total for the London Old Master and British paintings sale on July 7 was £53.5 million ($81 million), with 39 of 57 lots sold and a sold-by-value rate of 90 percent. The top lot, J.M.W. Turner’s Modern Rome–Campo Vaccino, sold for £29.7 million ($45 million), a Turner record, with bidding led by David Benrimon and John Morton Morris for the J. Paul Getty Museum.
mutualart.com
Ansel Adams lost negatives were authenticated as the work of Ansel Adams. The 65 photographic plates, bought for $45 at a garage sale, were authenticated by a group of experts and valued at $200 million, according to Rick Norsigian.
artnews.com
Sam Francis’s large color composition Deep Blue and Black, 1955, sold for CHF 2.7 million ($2.4 million) from a CHF 700,000 estimate, during Kornfeld’s modern art sale in Zurich, where Paul Gauguin’s Scène tahitienne, 1896, sold for CHF 5.5 million and Monet’s Chemin dans le brouillard, 1879, sold for CHF 1.2 million. The sale totaled CHF 42.5 million with about 90 percent coming from the 120 top modern art lots.
artnews.conteart.com
Elaborates on a lawsuit in the United States District Court for the District of Columbia seeking the return of artworks from the Herzog Collection, and a full inventory of looted art from Hungary, totaling over 40 works valued at more than $100 million. The collection belonged to Baron Mór Lipót Herzog and includes works by El Greco, Francisco de Zurbarán, and Lucas Cranach the Elder.
fineartpublicity.com
The Museum of Fine Arts, Houston (MFAH) announced the acquisition through gift and purchase of more than 160 works from the private decorative arts collection of Leatrice and Melvin Eagle of Potomac, Maryland. The Eagle Collection includes ceramics (notably California-based artists), fiber art, furniture, glass, jewelry, metalwork, sculpture, and works on paper, with a primarily American scope and some international artists.
Christie’s
Christie’s London reported £42.3 million for its Old Master and 19th Century evening sale, with ten works exceeding £1 million and multiple artist records.