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January 2014 fine-art market intelligence

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Fine art

Christie’s Artful Conquest - Newsweek

newsweek.com

The article discusses Christie's record $691.6 million in art sold in one night, including Francis Bacon and Jeff Koons works, and outlines Christie’s strategy to dominate the secondary market. It features remarks by Marc Porter and provides historical context about Christie's founding and expansion.

Fine art

Remembering R. Crosby Kemper Jr.: banker, art collector, and philanthropist

artfixdaily.com

R. Crosby Kemper Jr., a banker, art patron, and philanthropist, is remembered for his extensive art collection, leadership in cultural institutions, and the founding of the Kemper Museum of Contemporary Art with his wife Bebe. The article details his six-decade involvement in collecting works by artists from Corot and Monet to Sargent, Warhol, Calder, Bourgeois, Thiebaud, and Chihuly, and notes his Kansas City origins and death in Indian Wells, California at age 86.

Fine art

Philadelphia Museum of Art to receive major gift from Keith and Katherine Sachs

inquirer.com

Keith L. and Katherine Sachs will donate the majority of their contemporary art collection to the Philadelphia Museum of Art, including about 97 works; the donation significantly strengthens the museum’s holdings of late-20th and early-21st-century art. Timothy Rub, the museum director, called the gift transformational and among the three greatest the museum has received.

Fine art

Renoir stolen in 1951 allegedly found in flea market, will return to Baltimore Museum of Art

pbs.org

The painting by Pierre-Auguste Renoir titled Paysage Bords de Seine or On the Shore of the Seine, was stolen from the Baltimore Museum of Art in 1951 and surfaced in 2012 at an auction after being bought in a flea market in Harper's Ferry, West Virginia for $7. A federal judge ruled the painting should be returned to the Baltimore Museum of Art; the artwork is valued between $22,000 and $100,000.

Fine art

Picture this: Judge orders Renoir returned to museum

mcclatchydc.com

Pierre-Auguste Renoir painting Paysage Bords de Seine, or On the Shore of the Seine, was ordered returned to the Baltimore Museum of Art by District Judge Leonie Brinkema. The painting, seized by the FBI after a dispute over ownership, surfaced at a flea market in West Virginia and was valued around $100,000. Saidie May and the Baltimore Museum of Art are central to the story.

Fine art

Denver Art Museum to acquire major paintings

durangoherald.com

The Denver Art Museum will acquire 22 masterworks by notable French impressionists, including works by Vincent van Gogh, Paul Cezanne, Claude Monet, Pierre-Auguste Renoir, Camille Pissarro, Eugene Boudin, and Edouard Manet, through a bequest from Colorado collector Frederic Hamilton. The donation could be worth as much as $100 million and will triple the museum’s holdings from the period, with ownership taking effect after Hamilton’s death.

Fine art

Sotheby’s to auction restituted Pissarro’s Boulevard Montmartre

itsartlaw.org

Sotheby’s to auction restituted Pissarro’s Boulevard Montmartre, matinee de printempts is discussed, with provenance tracing from Max Silberberg’s collection through 1999 to Gerta Silberberg and the Israel Museum. The article references Sotheby’s press materials and works by Manet, Monet, Renoir, Sisley, Cezanne, and van Gogh connected to Silberberg. No auction amount is stated in the page excerpt.

Fine art

Revealed: Buyer of 142.4 million Bacon painting

cnbc.com

Francis Bacon's Three Studies of Lucian Freud sold for $142.4 million at Christie's in New York, bought by Elaine Wynn, ex-wife of Steve Wynn. The work, a 1969 three-paneled triptych, carried a pre-sale estimate around $85 million and was the world's most expensive painting sold at auction at the time. The buyer reportedly lent the painting to the Portland Art Museum and could end up at the Los Angeles County Museum of Art.

Fine art

Zeng Fanzhi Retrospective Maps an Artist’s Reinvention

Sotheby’s

A report on Zeng Fanzhi’s Paris retrospective follows the stylistic changes that carried his work from early expressionism to internationally recognized painting.

Fine art

Local Patronage Shapes a Distinct Contemporary Collection

Sotheby’s

A collector profile shows how sustained engagement with nearby artists and institutions can produce a collection rooted in place rather than market fashion.

Fine Art

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