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January 2013 fine-art market intelligence

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Fine art

Art and Design: Record Prices, and Some Duds

hccart.blogspot.com

The page reports record prices for old master paintings at Christie’s and Sotheby’s in New York, including Batoni’s Susanna and the Elders selling for 11.4 million and Rockefeller Madonna selling for 10.4 million, while noting numerous works by Goya, Bassano, and Guercino unsold; it also mentions Koons’s Tulips and dealer bidding dynamics.

Fine art

RELEASE: David Hockney’s Egyptian vision a landmark painting, London

press.christies.com

David Hockney’s Great Pyramid at Giza with Broken Head from Thebes (1963) is featured in a Christie’s press release dated 7 January 2013, London, announcing it will be offered for sale with an estimate of £2,500,000-3,500,000. The painting commemorates Hockney’s first trip to Egypt in 1963 and is described as a watershed in his career.

Fine art

Stolen Matisse artwork recovered 25 years after heist, says Art Loss Register

mg.co.za

Matisse's Le Jardin, valued at about six million crowns ($916,200), was recovered by Christopher Marinello of the Art Loss Register. The painting was stolen in May 1987 from Moderna Museet in Stockholm during a night-time break-in. The artwork’s recovery followed an art dealer in Britain checking with the Art Loss Register before a sale. The Moderna Museet remains missing a Georges Braque painting from a 1993 theft. Reuters reports context on stolen art and the prevalence of recoveries and thefts.

Fine art

Stolen Matisse recovered, painting valued at $1m returned to the UK

bbc.co.uk

The painting Le Jardin by Henri Matisse, valued at $1m, was recovered in London after being stolen from the Stockholm Museum of Modern Art in 1987. The recovery involved an art dealer, the Art Loss Register, and ALR director Christopher Marinello, with the work due to be returned to Stockholm.

Fine art

David Hockney Egypt painting to appear at auction for the first time

observer.com

David Hockney, Great Pyramid at Giza with Broken Head from Thebes, 1963, is set to appear at auction for the first time at Christie’s postwar and contemporary sale in London. The work, inspired by Hockney’s first trip to Egypt at age 26, has been in an important British collection for 40 years and is estimated at £2.5 million to £3.5 million (about $4.1 million to $5.7 million).

Fine art

Henri Matisse's Le Jardin recovered in Essex, 25 years after theft

huffingtonpost.co.uk

The Matisse painting Le Jardin, stolen in 1987 during a raid at the Museum of Modern Art in Stockholm, has been recovered in Essex 25 years later. The recovery was aided by art dealer Charles Roberts and the Art Loss Register, with ARL executive director Christopher Marinello commenting on the case and the broader issue of stolen artworks resurfacing.

Fine art

Matisse found 25 years after theft

spokesman.com

The Henri Matisse painting Le Jardin, stolen in 1987 from a Swedish museum, was recovered after a British dealer checked it against the Art Loss Register and found it in possession of a Polish owner; the painting is valued at about $1 million and will be returned to Stockholm’s Moderna Museet.

Fine art

Bacon, Richter, Basquiat to highlight Sotheby’s auction

theartwolf.com

Jean-Michel Basquiat Untitled (Pecho/Oreja) is listed with an estimate of £7-9 million. The sale also features Francis Bacon’s Three Studies for a Self-Portrait estimated at £10-15 million, Gerhard Richter works including Abstraktes Bild (769-1) estimated at £7.5-9.5 million and Wolke (Cloud) estimated at £7-9 million, among others, as Sotheby’s London prepares a contemporary art auction on February 12, 2013.

Fine art

Sudbury art dealer recovers stolen Matisse worth £1m

eadt.co.uk

Le Jardin by Henri Matisse, valued at £1m, was recovered after being stolen from the Museum of Modern Art in Stockholm in 1987. Charles Roberts of Charles Fine Art in London facilitated the return with assistance from the Art Loss Register and its executive director Christopher Marinello.

Fine art

Panza Collection at MOCA: Collecting in Grand Style

cartwheelart.com

The Panza Collection at MOCA describes acquisitions from Count Giuseppe Panza and details MOCA's 81-piece purchase from the Panza collection, highlighting Panza’s collecting focus and the integration of works into MOCA Grand Avenue in 1984.

Fine art

International art appeal boosts Christie’s sales; Asian clients significant bidders

wealthbriefing.com

Christie’s worldwide art sales rose 10 percent to $6.27 billion in 2012, with Asian clients representing 19 percent of registered bidders. The firm also reported private sales of $1 billion, a 26 percent increase, and participation from bidders in 136 countries. Highlighted sales included Rembrandt’s A Man in a Gorget and Cap at 13.2 million pounds in London, and Chu Teh-Chun’s La forêt blanche II in Hong Kong, which set a world auction record for the artist.

Fine art

The Trials of Art Superdealer Larry Gagosian

vulture.com

The article centers on Larry Gagosian, a leading art dealer, and Alberto Mugrabi as they navigate a 2009 Sotheby’s sale in London involving Warhol works and a strategy to protect the value of their collections; it credits Gagosian with creating the posthumous market for mid- and late-career Warhols and notes the Mugrabis’ extensive holdings.

Fine art

Zhang Daqian's splashed color landscape fetches 250 million yuan, refreshing Chinese painting records

finance.ifeng.com

The painting by Zhang Daqian, Splashed Color Mountain and Water, was auctioned for 250 million yuan, after starting at 50 million and rising to 1.75 billion yuan before being won by an outbid bidder. The sale surpassed the previous record for Chinese painting and calligraphy set in 2010. Other works by Li Guchin and Guan Shanyue also sold for 14 and 14.5 million yuan respectively.

Fine art

Stolen Matisse painting returns to Sweden

thelocal.se

Henri Matisse’s oil on canvas from 1920, titled Le Jardin, stolen from the Museum of Modern Art in Stockholm in 1987, has been returned and will be acclimatised for 24 hours; the painting is valued at about $1 million. The artwork was identified by the Art Loss Register after a dealer attempted to sell it in London.

Fine art

Batoni, Goya and a newly discovered Memling lead Sotheby’s January 2013 Old Masters Sale

nordonart.wordpress.com

Batoni leads with Lot 73, Pompeo Batoni, Susanna and the Elders, estimated $6-9 million and hammer price $10.1 million. The sale also features a late Goya portrait, gold-ground paintings, a newly discovered Memling, a Caravaggesque still life, and numerous large-scale Italian, German, and French mythological paintings. Sotheby’s January 2013 Old Master paintings sale was notable for results including some strong performances and others that did not meet expectations.

Fine art

First Andy Warhol online auction launched by Christie's

fadmagazine.com

Andy Warhol (1928-1987) is mentioned with Self-Portrait with Fright Wig, screenprint on t-shirt, circa 1986. Christie’s launches Andy Warhol@Christie’s, the first online-only sale, featuring 125 works with estimates from $600 to $70,000.

Fine art

Abramovich buys Kabakov collection

en.vijesti.me

Billionaire Roman Abramovich purchased a collection of Ilya Kabakov works, including about 40 paintings and installations. The asking price ranged from 30 to 60 million dollars, with experts estimating the collection could be around 60 million dollars. The previous owner was John L. Stewart.

Fine art

Botticelli and Batoni fetch record auction prices

nytimes.com

Sotheby’s and Christie’s in New York reported record prices for Fra Bartolommeo, Sandro Botticelli, Pompeo Batoni and Hans Memling, with Botticelli’s Rockefeller Madonna selling for $10.4 million and Batoni’s Susanna and the Elders bringing $11.4 million.

Fine Art

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