Monthly archive
22 headlines
Source-linked reporting
press.christies.com
Mark Rothko’s No. 17 (1957) leads Christie’s New York Evening Sale of Post-War & Contemporary Art on May 10, 2016, with an estimate of $30-40 million. The work is described as a rare blue canvas emblematic of Rothko’s late-1950s development, connected to the Seagram Murals and Rothko’s 1961-1963 retrospective trajectory.
news.justcollecting.com
Mark Rothko's No. 17 is slated to lead Christie’s forthcoming sale of Post-War and Contemporary Art in New York, with estimated price range of $30-$40 million. The 1957 blue canvas was exhibited in 1961 during Rothko’s traveling retrospective and has a documented exhibition history including Whitechapel Art Gallery and Fondation Beyeler. This would mark the painting’s third sale in its history.
malaymail.com
Liu Yiqian pays a record US$35 million for a painting by Chinese master Zhang Daqian, titled Peach Blossom Spring, at a Sotheby’s sale in Hong Kong. The work fetched HK$270.7 million including buyer’s premium, marking the highest price for a Zhang Daqian piece at auction.
archive.nytimes.com
Zhang Daqian’s 1982 hanging scroll Peach Blossom Spring sold for 34.7 million dollars including buyer’s premium at Sotheby’s in Hong Kong, setting a world auction record for the artist. The sale occurred during the first part of Sotheby’s Fine Chinese Paintings sale in Hong Kong and attracted over 100 bids; the painting went to Liu Yiqian and Wang Wei, founders of the Long Museum.
apple-daily.eth.limo
The article reports Zhang Daqian’s Ink Splash painting Peach Blossom Garden (Taoyuan Tu) selling at Sotheby’s Hong Kong for 271 million HKD, setting a new record, with buyer Liu Yiqian of Shanghai Long Museum. It notes prior sale of a chicken-cup at 280 million HKD and provides context of Zhang Daqian’s market position and other high-priced China paintings at auction.
digitaljournal.com
The Leopold Museum in Vienna settled a dispute over five Nazi-plundered drawings by Egon Schiele with the descendants of the former owner. Two watercolors, including Schiele's self-portrait, were to be returned to Eva Zirkl, while three drawings remain at the museum. The settlement follows a history of restitution efforts in Austria, with prior notable cases including the 2006 Klimt restitutions and the 2010 Portrait of Wally settlement.
vice.com
The article discusses how the Panama Papers reveal connections between the art market and offshore tax havens, including a Modigliani portrait once thought looted from the grandson of a Jewish art dealer. It follows legal actions led by Philippe Maestracci and involves the Nahmad Gallery and an offshore entity connected to the Panama Papers investigation.
thelocal.at
Egon Schiele drawings were returned by the Leopold Museum to the descendant of Karl Maylaender, with two watercolors including a self-portrait going to Eva Zirkl and three remaining drawings staying with the museum. The settlement follows Austria’s restitution efforts and recalls past cases such as Portrait of Wally and Portrait of Adele Bloch Bauer I.
news.artnet.com
Pablo Picasso Les Femmes d’Alger (Version O), 1955, is discussed in relation to the Ganz Collection sale arranged in part by billionaire Joe Lewis. The $206 million Ganz Collection sale at Christie’s New York, including Picasso’s Women of Algiers (version O) at $31.9 million, is connected to the Panama Papers revelations about Lewis and the handling via Simsbury International Corp., and Spink & Son.
news.artnet.com
The Leopold Museum in Vienna will return two Egon Schiele watercolors looted from Karl Maylaender to his heir Eva Zirkl. The museum had previously considered five Schiele works in question and will keep three, following a restitution process that involved Austria’s Jewish Community. This case follows past Schiele restitution cases connected to the Leopold Museum, including Portrait of Wally, and parallels other restitution narratives involving Klimt works.
artforum.com
Swiss prosecutors seized Seated Man with a Cane, 1918, by Amedeo Modigliani from a Geneva storage facility linked to the Nahmad family, following a restitution dispute connected to Oscar Stettiner. The painting was confiscated after authorities audited Rodolphe Haller’s storage unit in Ports Francs Geneva.
bbc.com
Amadeo Modigliani's 1918 painting Seated Man with a Cane has been sequestered in Geneva amid Panama Papers revelations. The work is at the center of a dispute with the Nahmad family and the estate of Oscar Stettiner over ownership claimed to have been seized by Nazis; the IAC was named as a holder, and authorities began a criminal procedure.
npr.org
The article discusses how the Panama Papers shed light on the art market's opaque practices, including the 1997 Christie's auction of the Ganz collection featuring Picasso and other artists such as Amedeo Modigliani.
i24news.tv
The Modigliani painting allegedly looted by Nazis was sequestered in Geneva after the Panama Papers leak identified its current owner. The work is believed to be Seated Man With A Cane (1918), linked to Jewish art dealer Oscar Stettiner who fled Paris in 1939, and was reportedly valued at $25 million (22 million euros). The painting was associated with wealthy art collector David Nahmad via the offshore company International Art Center (IAC), amid revelations from the Panama Papers.
wunc.org
Elizabeth Blair reports on how the Panama Papers reveal insights into the art market's opacity, mentioning Pablo Picasso and a groundbreaking 1997 auction experience. The article discusses how offshore and opaque practices intersect with high-profile art dealings.
philly.com
The article discusses Marion Boulton "Kippy" Stroud's plan to sell portions of her art collection, including four Georgia O'Keeffe paintings, to fund the Fabric Workshop and Museum. The sale is coordinated through Christie's in New York on May 19, with O'Keeffe works expected to fetch $7.8 million to $12 million.
inquirer.com
Kippy Stroud’s estate will have a portion of her art collection sold to fund the Fabric Workshop and Museum, including four Georgia O’Keeffe paintings. Christie's in New York will auction some of the most valuable pieces on May 19 with estimates for O’Keeffe works between $7.8 million and $12 million.
news.artnet.com
Eric Turquin valued the painting at about €120 million ($137 million) and stated the work shows the light and energy typical of Caravaggio. Nicola Spinosa called the canvas a true original of the Lombard master, though some experts dispute Turquin's authentication and two Caravaggio experts questioned attribution to Caravaggio or Finson.
news.artnet.com
Paul G. Allen’s landscape-painting exhibition, Seeing Nature: Landscape Masterworks from the Paul G. Allen Family Collection, is presented across multiple US venues and features about 39 paintings from a private collection. The show is co-organized by the Portland Art Museum, Seattle Art Museum, and the Paul G. Allen Collection, with major support from the Paul G. Allen Family Foundation and Vulcan Inc.
reuters.com
The painting discovered in a southwest France attic is attributed to Caravaggio and could be worth 120 million euros (about 137 million USD). The work is believed to depict Judith beheading an Assyrian general and may have been painted in Rome in 1604-1605. Eric Turquin art expert agency commented on its exceptional condition and long-forgotten state.
en.yna.co.kr
A centuries-old Korean Buddhist painting sold for US$1.805 million at a Christie’s auction in New York. The work, from the 16th century and painted at the request of a wife of Jungjong, a Joseon Dynasty king, was the top bid for an ancient Korean painting at Christie’s. In the same auction, 27 ancient Korean art pieces were offered, with 25 selling and total sales at US$3.78 million.
Artnet News
Panama Papers reporting traced the disputed ownership of Basil and Elise Goulandris’s collection of more than 80 major works. A purported 1985 sale transferred 83 paintings to Wilton Trading for $31.7 million, while lawsuits and a criminal investigation examined the transaction and ownership.