Monthly archive
14 headlines
Source-linked reporting
news.artnet.com
This article reports that industrialist Hans Peter Haselsteiner agreed to finance a new company to purchase the Essl Collection from Karlheinz Essl for about €115 million (roughly $151 million). The deal involves Haselsteiner taking a 60 percent stake in SE-Sammlung Essl GmbH, with 42 banks as creditors and 40 percent held by Essl’s foundations; 44 works will be sold at Christie’s London on October 13.
news.artnet.com
Peter Paul Rubens’s The Rape of the Daughters of Leucippus (1610–1611) is identified as genuine by Nico Van Hout and will be included in a London Royal Academy exhibition; the work was previously considered a fake by Julius Held in 1950, and is linked to Rubens’s broader legacy from Van Dyck to Cézanne.
news.artnet.com
Adolph von Menzel’s gouache on paper Stehende Rüstungen (1886) was restituted to the heirs of Adele Pächter and will be auctioned at Villa Grisebach in Berlin for an estimated €100,000–€150,000. Adele Pächter, Jewish, was persecuted by the Nazis and forced to dispose of her husband Hermann Pächter’s collection; she later died in Theresienstadt. Other works by von Menzel found in the Pächter family’s holdings were also identified as having been sold under Nazi coercion.
press.christies.com
Christie’s announces a stand-alone evening auction in London on Monday, 13 October 2014 featuring 44 works from The Essl Collection, including pieces by Gerhard Richter, Georg Baselitz, Martin Kippenberger, Sigmar Polke, Neo Rauch, Cindy Sherman, Frank Stella, Louise Bourgeois, Morris Louis, Friedensreich Hundertwasser and Maria Lassnig; pre-sale estimate £40,000,000-60,000,000.
news.artnet.com
Gustav Klimt Adele Bloch-Bauer II (1912) is loaned to MoMA from a private collector. The painting is one of two formal portraits of Adele Bloch-Bauer and has a history involving Nazi seizure and eventual restitution; Adele Bloch-Bauer I was purchased by the Neue Galerie for $135 million and Adele Bloch-Bauer II sold for $88 million to a private collector.
news.artnet.com
Marguerite Hoffman sued David Martinez and L&M Arts over a Rothko sale and confidentiality terms; a Dallas judge dismissed the suit after ruling L&M acted without Martinez’s authority, effectively exonerating Martinez. The case involves a Mark Rothko that sold at Sotheby’s for $31.4 million after an initial $19 million purchase.
news.artnet.com
Gustav Klimt Portrait of Gertha Loew (1902) is at issue in a dispute led by Loew’s granddaughter Andrea Felsovanyi. The Klimt Foundation may sell the painting, which could fetch more than $30 million, with proceeds potentially split between Felsovanyi and the Foundation; Sotheby’s and Christie’s valuations cited range from $18 million to $25 million.
fadmagazine.com
Damien Hirst’s Signification (Hope, Immortality and Death in Paris, Now and Then) (2014) is part of Paddle8’s cabinet of curiosities drawn from Deyrolle, with proceeds benefiting Victim and Deyrolle. The project includes 50 additional lots and a Wunderkammer-style cabinet displayed at Deyrolle in Paris, with online bidding on Paddle8 from October 14 to October 28.
artnews.com
Sotheby’s Contemporary Curated sale in New York brought in $28.3 million. Vija Celmins’s Burning Plane, 1965, sold for $3.41 million, exceeding its high estimate and Celmins’s previous sale record. Other notable results included Keith Haring’s Untitled (1988) at $2.74 million, John Baldessari’s 18th and Highland, National City at $509,000, and Philip Guston’s Magician’s Table at $653,000.
news.artnet.com
Sandro Botticelli (and studio) Madonna with Child, John the Baptist and Angel, ca. 1475 is up for auction at van Ham in Cologne. The painting, formerly part of the Nardus collection labeled as Nazi enemy property, was restituted after provenance research and is estimated to fetch €250,000–€300,000.
news.artnet.com
Vincent van Gogh, Still Life, Vase with Daisies and Poppies (1890) is described as a rare still life with an estimated price of $30–50 million to be offered at Sotheby’s in New York on November 4. The article notes the painting’s provenance, including its connection to Dr. Gachet and its ownership history through Gaston-Alexandre Camentron, Paul Cassirer Gallery, Anson Goodyear, and the Albright-Knox Art Gallery, and mentions that Van Gogh’s Portrait of Dr. Gachet holds the auction record for the artist.
news.artnet.com
The article reports that an anti-corruption court in the Philippines ordered the Marcos family to return eight paintings by Pierre Bonnard, Michelangelo, Bernard Buffet, Paul Gauguin, Francisco de Goya, Joan Miro, Pablo Picasso, and Camille Pissarro, on the grounds that they were purchased with illegally obtained public funds. The paintings seized are La Baignade Au Grand Temps (Pierre Bonnard), Madonna and Child (Michelangelo), Vase of Red Chrysanthemums (Bernard Buffet), Still Life with Idol (Paul Gauguin), Portrait of the Marquesa de Santa Cruz (Francisco de Goya), L’aube (Joan Miro), Femme Couche VI (Pablo Picasso), and Jardin de Kew press de la Serre 1892 (Camille Pissarro). The article notes the Marcos family’s alleged embezzlement during Ferdinand Marcos’ rule (1965–1986) and that roughly half of an over $11 billion illicit wealth amount has been recovered so far.
Christie’s
Christie’s opened an 83-lot online auction of luxury handbags and accessories, including Hermès and Chanel designs with estimates up to £25,000.
Sotheby’s
Sotheby’s profiles NIGO’s collecting practice and a group spanning contemporary art, design and objects tied to the visual culture that shaped his career.