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August 2013 fine-art market intelligence

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Fine art

RELEASE: Thinking BIG, London exhibition and auction 2013

press.christies.com

The page is a Christie's press release about Thinking Big, a London exhibition (12–20 October 2013) and auction (17 October 2013) organized with the Saatchi Gallery. The exhibition is at The Sorting Office, and the auction is at Christie's London. It mentions Francis Outred and notes that works will be offered without reserve, with participants including Tracey Emin, the Chapman brothers, and Berlinde de Bruyckere among others.

Fine art

Sotheby’s celebrates 40 years in Asia with auction of 20th century Chinese art

scmp.com

The South China Morning Post reports on Sotheby’s 40th anniversary in Asia and its upcoming Hong Kong sale of 20th-century Chinese art, including pieces from the Yageo Foundation Collection assembled by Pierre T. M. Chen. The event is described as potentially breaking records in line with Sotheby’s Asia anniversary celebrations.

Fine art

A gift of Gods as Worcester Art Museum gets a Veronese

archive.nytimes.com

The Worcester Art Museum in Massachusetts acquired a Veronese painting titled Venus Disarming Cupid, dated around 1560, after it was auctioned at Christie’s in 1990 and identified as a Veronese by experts. The work was donated by Hester Diamond to honor her stepdaughter Rachel Kaminsky, a museum board member, and will be displayed as part of Worcester’s old-master galleries re-installation beginning Sept. 21.

Fine art

Worcester Art Museum acquires Venus Disarming Cupid by Paolo Veronese

museumpublicity.com

Worcester Art Museum announced it had acquired Venus Disarming Cupid by Paolo Veronese, oil on canvas, about 1560, Gift of Hester Diamond, 2013.50. The work was sold for $2.9 million to Hester Diamond and donated to Worcester. The painting, based on a drawing by Parmigianino, has connections to various collections and exhibitions, and will go on view Sept. 21 as part of a re-installation of the old-master galleries.

Fine art

Johannes Vermeer: The 36th Painting

news.artnet.com

Johannes Vermeer: The 36th Painting discusses A Young Woman Seated at the Virginal, c.1670, which sold for US$30,140,259 at Sotheby’s London.

Fine art

Pennsylvania Academy plans to sell Hopper painting

inquirer.com

The Pennsylvania Academy of the Fine Arts plans to sell Edward Hopper's East Wind over Weehawken (1934) and use the proceeds for a fund to acquire contemporary art. Christie’s expects the work to fetch $22 million to $28 million.

Fine art

Museum of the Pennsylvania Academy of the Fine Arts to establish an endowment for the purchase of works of art

museumpublicity.com

Edward Hopper East Wind over Weehawken (1934) will be auctioned at Christie’s New York with a pre-sale estimate of $22–28 million to fund PAFA’s new acquisitions endowment; PAFA will retain Apartment Houses (1923) by Edward Hopper; PAFA’s history includes works by Thomas Eakins, George Bellows, Mary Cassatt, Winslow Homer, and others.

Fine art

Out with the Old, In with the New: Museum Will Sell Hopper to Buy Contemporary Art

hyperallergic.com

The Pennsylvania Academy of the Fine Arts will sell one of its two Edward Hopper paintings, East Wind Over Weehawken (1934), to fund an acquisitions endowment aimed at purchasing contemporary art. The sale, conducted through Christie’s with an estimated range of $22–28 million, will keep the more important Hopper work, Apartment Houses (1923). PAFA plans to hire a dedicated contemporary art curator and add two board members with contemporary expertise.

Fine art

Lawsuit against Sotheby’s claims $218 painting is actually a $16M Caravaggio

insurancejournal.com

The article discusses a painting purchased in 1962 for 140 pounds that may be worth up to 10 million pounds if proven to be a Caravaggio. The work, The Cardsharps, was authenticated as a Caravaggio by a descendant, Denis Mahon, prompting a lawsuit against Sotheby’s by Lancelot Thwaytes. The case questions the auction house’s valuation and the painting’s authenticity, amid broader commentary on art disputes and authentication techniques.

Fine Art

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