Monthly archive
11 headlines
Source-linked reporting
vivrearia.blogspot.com
The page reports that Christie’s will auction a previously undocumented Mark Rothko painting, Untitled #17, at the Post-War and Contemporary Art Evening Sale in New York on May 11, with an estimate of $18,000,000–$20,000,000. The work, one of only 10 paintings to come to light since the 1998 Rothko catalogue raisonné, has been in private hands since 1965 and was acquired directly from Rothko by the present owner.
luxartasia.com
The article reports that Sotheby’s Meiyingtang Collection of Chinese ceramics sold poorly, with only about 70 percent of lots sold and total auction receipts of $51.2 million, roughly half of the pre-sale estimate; two post-sales boosted the total to $88.4 million. It notes strong competition from J.T. Tai ceramics as a counterpoint and mentions reserve prices not met. A 18th-century Qing Dynasty vase and a blue and white Palace Bowl later sold post-sale for $25.6 million and $11.5 million respectively.
artnews.conteart.com
Mark Rothko’s undisclosed 1961 painting Untitled #17, oil on canvas, 93 x 76 inches, is the highlight of Christie’s Post-War and Contemporary Art Evening Sale in New York on May 11, 2011, with an estimate of $18,000,000–$22,000,000. The work comes from a private collection and is one of only ten paintings to come to light since the Rothko catalogue raisonné was published in 1998, and will be included in the supplement to the catalogue raisonné.
artnews.conteart.com
The article reports that Spanish investigators recovered two stolen paintings, Goya's The Apparition of the Virgin of Pilar and El Greco's The Annunciation, which had been missing for 14 years. It notes the works were privately owned at the time of theft and recovered from a private house near Alicante; it also mentions a 2004 El Greco auction at Christie’s in London for 789,250 pounds.
latimes.com
The Los Angeles County Museum of Art (LACMA) acquired eight artworks for roughly $2.7 million as part of its Collectors Committee Weekend fundraising. Notable purchases include Christian Marclay’s video work The Clock and Ai Weiwei’s 2006 spherical sculpture bought for $400,000.
seattletimes.com
The painting, Litzlberg am Attersee by Gustav Klimt, is owned by MdM Salzburg and worth up to euro30 million ($44 million). Nazi seizure and restitution discussions involve Amalie Redlich’s heir Georges Jorisch, with Salzburg authorities evaluating restitution.
artforum.com
According to AFP, Salzburg’s Museum of Modern Art will return a 1915 Gustav Klimt painting, Litzlberg am Attersee, to the Canadian descendant Amalie Redlich. Georges Jorisch, Redlich’s heir, plans to donate nearly $2 million from sales of the work to the Salzburg museum; the painting was stolen by Nazis.
gallerix.org
The Austrian museum must return Gustav Klimt's painting Litzlberg am Attersee to the heir of its original owner after investigations concluded the work was confiscated by the Nazis. The piece, now in MdM Salzburg, is valued at about €30 million (roughly $44 million).
auctionpublicity.com
The article reports Sotheby’s London offering The Duerckheim Collection, a major collection of German art from the 1960s and 1970s, in the Contemporary Art Auction Series in June. It highlights works by Georg Baselitz, Gerhard Richter, Sigmar Polke and other artists, noting 59 artworks expected to realise in excess of £33 million across Contemporary Art Evening and Day Auctions on June 29–30, 2011.
theglobeandmail.com
The Globe and Mail reports that Cherkley Court in Surrey, England was sold to Longshot, a consortium of 14 English investors, with plans to convert the estate into a hotel and golf club; the sale price was not disclosed, and the deal follows a legal settlement involving Beaverbrook U.K. Foundation and the Beaverbrook Gallery.
Christie’s
Christie’s announced two Hong Kong sales comprising more than 400 classical and modern Chinese paintings and calligraphy works valued above HK$330 million. The consignments included private collections from several countries and many works appearing publicly for the first time.