Monthly archive
13 headlines
Source-linked reporting
apollo-magazine.com
Acquisitions of the Month: July 2015 discusses notable new additions to public collections in July, including Giovanni da Rimini works at the National Gallery, London, and MoMA’s acquisition Untitled (Havana 2000) by Tania Bruguera, among others.
20minutos.es
La obra incautada es Cabeza de mujer joven, de Picasso, perteneciente a Jaime Botín. La Aduana francesa interceptó el cuadro en Córcega, con valor de más de 25 millones de euros, cuyo destino era Suiza; estaba declarado como no exportable por España.
telegraph.co.uk
The painting Head of a Young Woman by Pablo Picasso, valued at more than €25 million, was seized from a British-registered yacht off Calvi, Corsica, amid an attempt to export it to Switzerland. The work belongs to Spanish billionaire Jaime Botin and was later linked to a dispute over its legality and ownership.
cnn.com
Pablo Picasso's painting Head of a Young Woman, valued at about 25 million euros (roughly $27 million), was seized by French customs on a yacht in Corsica. The work is owned by Spanish banker Jaime Botin and was allegedly being shipped illegally to Switzerland; authorities noted it was declared a cultural asset and should not have left Spain.
artnews.com
Pablo Picasso Head of a Young Woman (1906) was seized in Corsica. The painting, valued at $27.4 million, allegedly left Spain illegally and was en route to Switzerland; it is reported to be owned by Spanish banker Jaime Botín.
abc.net.au
The painting Head of a Young Woman by Pablo Picasso, valued at about $37-39.6 million, was seized by French customs off Corsica and transferred to the Reina Sofía Museum in Madrid. The work is owned by Jaime Botín and had been declared unexportable by Spanish authorities due to its cultural significance.
artforum.com
Sigmar Polke estate loses case against collector. The High Regional Court of Cologne ordered the return of a Polke painting, known as Propellerfrau, to a Cologne-based collector who had purchased the work in 2007 for about $111,455.
news.artnet.com
Elaine Wynn, known for her $142 million Francis Bacon triptych purchase at Christie’s, reportedly divided her personal art collection with ex-husband Stephen Wynn after their 2010 divorce. The artworks Wynn retained included a 1880 Édouard Manet pastel of Suzette Lemaire, an abstract painting by Joan Mitchell, and a textile work by Jim Hodges.
artnews.com
Elaine Wynn discusses her purchase of a Francis Bacon triptych of Lucian Freud for $142.5 million at a Christie’s auction in fall 2013. She recalls her initial reaction and notes her secrecy about the purchase, as well as her plans to possibly donate the painting to LACMA.
auctionpublicity.com
The Warhol portrait of Coco Chanel sold for $247,000 at an on-site auction of Lauri Mundi contents in Aberdeen, Mississippi, conducted by Stevens Auction Co. The piece measured 15 by 17.5 inches and bore the original Warhol estate stamp to a gallery label on the back.
bostonglobe.com
The article discusses Edward C. 'Ned' Johnson III, chairman of Fidelity Investments, quietly building a valuable art collection in New England and often donating or lending works to museums; it highlights a specific piece, Benjamin West’s “Devout Men Taking the Body of Saint Stephen,” acquired for $2.85 million and donated to the MFA. It also notes the Brookfield Arts Foundation, Johnson’s philanthropic arm, and its growing assets and art acquisitions.
news.artnet.com
Gailord Bovrisse, a French art dealer, and his New York entity Golden Trade Fine Art were ordered to pay $800,000 in a judgment won by Opera Gallery and Najell Investments over two fake Marc Chagall paintings. The July 28 ruling in the Central District of California also found breach of contract; plaintiffs sought about $2.4 million plus lawyers’ fees. The case notes that Bovrisse admitted lacking sufficient evidence of authenticity and failing to conduct due diligence.
news.artnet.com
The article reports that a Manhattan judge ruled Mount Sinai Beth Israel could retain donations including an Édouard Manet painting donated by heiress Huguette Clark. The painting, Pivoines dans une bouteille, later sold for $3.5 million at Christie’s New York. The court found the estate’s claims time-barred, while allowing separate claims against two doctors and a nurse.