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January 2012 fine-art market intelligence

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Fine art

As Chinese artist unseats Picasso, new collectors rise in China

hyperallergic.com

Zhang Daqian and Qi Baishi are named as top earners in 2011, surpassing Picasso in overall sales for the year according to Bloomberg and Artprice. The article discusses Daqian’s rising prominence, the role of Chinese collectors, and mentions portrait artist Zhang Xiaogang as a big name; it also profiles Yang Bing, a prolific Chinese contemporary art collector profiled by The Wall Street Journal.

Fine art

窃贼抢走估价3000万名画难出手 两年后完璧归赵

news.cntv.cn

Maegliete Museum reported the painting Olympia by Rene Magritte, valued at about 30 million euros (roughly 30 million yuan), was stolen in 2009 and returned two years later. The artwork discussed is Olympia, a canvas by René Magritte featuring a reclining female figure with a giant conch on her abdomen. The painting’s market value is cited as approximately 30 million euros. The museum and authorities later confirmed the work’s safe return and discussed whether to rehang it.

Fine art

Archived: ICE returns art stolen from French museum in 1981

ice.gov

The Fish Market monotype by Camille Pissarro, stolen from a French museum in 1981, is repatriated to France. The piece was seized by ICE HSI after being traced through Interpol and Sotheby's, and was officially forfeited to the United States before repatriation to France.

Fine art

Francis Bacon portrait of Henrietta Moraes featured in Christie’s London auction

luxuriousmagazine.com

Francis Bacon is mentioned as the artist, with the painting Portrait of Henrietta Moraes highlighted as part of Christie’s Post-War & Contemporary Art sale in London. The artwork is described as 65 x 56 inches (165 x 142 cm), oil on canvas, created in 1963, with the estimate listed as on request and sale number 8052.

Fine art

Sotheby’s Old Masters Week auctions total $73.1 million

auctionpublicity.com

Sotheby’s Old Masters Week in New York generated a total of $73,052,668. The Thursday sale of Important Old Master Paintings & Sculpture brought $62,081,477, led by Canaletto’s View of the Churches of the Redentore and San Giacomo from the Estate of Lady Forte at $5,682,500 and Lucas Cranach the Elder’s Lucretia at $5,122,500. The Old Master Drawings sale realized $5,640,813, including a Piero del Pollaiuolo portrait sold to the J. Paul Getty Museum for $1,398,500. Friday’s Masterworks and Old Master & 19th Century European Art added $5,330,387. The top ten works all exceeded $2 million, with broad international bidding and strong Italian painting demand.

Fine art

Elizabeth Taylor’s Art Collection Moves to Christie’s London

Christie’s

Christie’s announced 38 remaining works from Elizabeth Taylor’s collection for its London Impressionist and Modern sales, led by a Van Gogh view of Saint-Rémy.

Fine Art

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