Monthly archive
11 headlines
Source-linked reporting
latimes.com
J.M.W. Turner painting goes for record $47.5 million at auction reports that an 1835 Turner landscape sold for $47.5 million at Sotheby’s in London, setting an auction record for the artist.
press.christies.com
Christie’s press release discusses the Abbott-Guggenheim Collection, a Renaissance and Baroque sculpture, clocks and works of art collection to be sold during Christie’s Old Masters Week in January 2015. The collection was built by Dr. Peter Guggenheim and Dr. John Abbott, with provenance linking to institutions and notable collectors; approximately 120 lots are expected to exceed $11 million.
news.artnet.com
The Italian retiree Nicolo, a Fiat factory worker, purchased Paul Gauguin’s Fruits sur une table ou nature au petit chien (1889) and Bonnard’s La femme aux deux fauteuils, which were stolen in 1970. He has been awarded ownership of the paintings, which are valued at about €35 million ($43.5 million) and €600,000 ($747,000) respectively, after authorities confirmed their possession by him and efforts to return them to the rightful owner.
artatlaw.com
Rothko Revisited discusses a claim by Dallas art collector Marguerite Hoffman against L&M Arts, Studio Capital, and David Martinez over a confidential sales contract for a 1961 Mark Rothko painting titled Untitled. The case centers on a confidentiality clause and Hoffman’s loss of potential auction proceeds, with the painting later selling at Sotheby’s for $31,442,500 in 2010 and Hoffman receiving $1.2 million in damages. The defendants moved for judgment as a matter of law after the jury verdict.
artnews.com
Paul Cézanne, Vue sur L’Estaque et Le Château d’If, 1883-85, will be sold at Christie’s London in the Impressionist and modern evening sale on February 4. The work previously belonged to Samuel Courtauld and was purchased in 1936, after which it remained in his private collection; the painting carries an estimate of £8 million to £12 million ($12.5 million to $18.7 million).
news.artnet.com
Coline Milliard reports that the Los Angeles Police Department and the FBI recovered nine paintings worth about $10 million that were stolen from a collector’s Encino home in 2008. The paintings, which include works by Chaïm Soutine, Emil Nolde, Marc Chagall, and Diego Rivera, were being sold after an undercover sting in West Los Angeles in which a man identified as Raul Espinoza was arrested and charged with receiving stolen property.
web.archive.org
Paul Cézanne's La Montagne Sainte-Victoire vue du bosquet du Château Noir (1904) sold for $100 million, as reported in artnet News by Sarah Cascone on December 19, 2014. The sale was tied to the Edsel & Eleanor Ford House in Michigan, and details were reported in the Detroit Free Press during Detroit's bankruptcy context.
detroitnews.com
Paul Cézanne, La Montagne Sainte-Victoire vue du bosquet du Château Noir, sold for $100 million to a private buyer. The Ford House says the sale was kept quiet to avoid issues with the Detroit Institute of Arts during bankruptcy proceedings. The painting was bought by Edsel and Eleanor Ford, who originally paid $242,000.
news.artnet.com
Paul Cézanne La Montagne Sainte-Victoire vue du bosquet du Château Noir (1904) reportedly sold for $100 million; the buyer was an anonymous private collector believed to be Qatar, per Artnet News. The sale was through the Edsel & Eleanor Ford House in Grosse Pointe Shores, Michigan, and proceeds were designated to create an endowment for preservation and restoration of the Ford House collection.
vulture.com
The Miami Market Report a sales recap discusses how art dealers fared at Art Basel Miami Beach, noting celebrities shopping for art and strong sales of works on paper. It mentions a Frank Stella painting bought for just under $1 million, a Pablo Picasso fresco reportedly sold for around $1 million, and sales of Christopher Wool and Sigmar Polke works on paper for $1.5 million and $1 million respectively.
cnn.com
The CNN article reports that 12 paintings stolen in an Los Angeles home burglary were recovered, including works by Marc Chagall and Diego Rivera, with a total value around $12 million; the investigation involved the FBI and LAPD, and a reward was offered.