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January 2019 fine-art market intelligence

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Fine art

KAWS painting smashes auction record in Hong Kong at Sotheby’s

leonardsart.co.uk

The painting The Kaws Album (2005) by KAWS sold for $14.7 million at Sotheby’s in Hong Kong, setting a new auction record for the artist. The sale was part of the NIGOLDENEYE Vol. 1 sale and came from the collection of Nigo, contributing to nearly $28 million total across 33 lots.

Fine art

The famed Jewish art dealer who fought to retrieve 400 stolen works from the Nazis

artsy.net

Paul Rosenberg, a Jewish art dealer who popularized Picasso and Matisse, led efforts to recover 400 works stolen by the Nazis. The article discusses his role in building a premier gallery in Paris and his relationships with Picasso, Braque, Léger, and Matisse, as well as the impact of the Nazi era on his business.

Fine art

ICA Boston announces major acquisition of Yayoi Kusama Infinity Mirror Room

icaboston.org

Yayoi Kusama, LOVE IS CALLING, 2013. The work, a large Infinity Mirror Room consisting of inflatable, polka-dotted sculptures inside a mirrored space, was acquired with support from Barbara Lee/The Barbara Lee Collection of Art by Women and several donors. The piece joins a previous Kusama work in ICA Boston’s collection and is slated to go on view in Fall 2019.

Fine art

ICA Boston announces major acquisition of Yayoi Kusama Infinity Mirror Room

icaboston-staging.kudos.nyc

The article reports ICA Boston acquiring Yayoi Kusama's Infinity Mirror Room LOVE IS CALLING, a key work within Kusama's Infinity Mirror Rooms series, to become a new anchor in ICA Boston's collection. The piece mentions the work LOVE IS CALLING (2013) and notes acquisition details and gallery/ownership context.

Fine art

Discriminating Thieves: Nazi-Looted Art and Restitution Opens at Nelson-Atkins

nelson-atkins.org

The page reports the opening of Discriminating Thieves: Nazi-Looted Art and Restitution at the Nelson-Atkins Museum of Art in Kansas City, focusing on four looted works recovered after World War II. The exhibition highlights the Nazis' art thefts, the journey of the four works, and provenance research led by MacKenzie Mallon; it includes works by Nicolas de Largillière, Pierre Bonnard, Augustin Pajou, and Emil Nolde.

Fine art

Iconic paintings tie for first at Christie’s

antiquesandthearts.com

Ammi Phillips’s Girl in a Red Dress with a Dog and Edward Hicks’s Peaceable Kingdom both sold for $1,692,500 at Christie’s Important American Furniture, Folk Art, Silver and Prints auction in New York. Phillips’s work set an auction record for the artist, while Hicks’s piece sold for the same amount to a phone bidder; both were estimated at $800,000–$1,200,000.

Fine art

A blazing market star, Chinese-French painter zao wou-ki will receive a two-city extravaganza at kamel mennowr

news.artnet.com

Zao Wou-Ki is described as a blazing market star and will receive a two-city extravaganza at Kamel Mennour. The article notes a past auction record of Juin-Octobre 1985 (1985) selling for $65 million at Sotheby’s Hong Kong, and discusses the artist’s market activity posthumously, including a two-city solo show organized in collaboration with the Zao Wou-Ki Foundation in Paris and London.

Fine art

Guggenheim to sell Zao Wou-Ki painting at Sotheby’s Hong Kong in March

artnews.com

The Guggenheim Museum will deaccession a Zao Wou-Ki painting from 1958 that has been held by the institution for decades and intends to auction it at Sotheby’s Hong Kong in March for an estimated HK$60 million–HK$80 million (about $7.7 million–$10 million). The painting, from the artist’s Oracle Bone period, previously appeared at the Kootz Gallery in New York and was donated to the Guggenheim in 1964 by Judge and Mrs. Samuel I. Rosenman. Proceeds will support the museum’s art fund. A prior Zao record sale in Hong Kong yielded $65 million for Juin, Octobre 1985.

Fine art

Peter Paul Rubens drawing sells for record-setting $8.2 m. at Sotheby’s

artnews.com

Peter Paul Rubens’s Nude Study of Young Man with Raised Arms (1608) sold for $8.2 million at Sotheby’s New York Old Masters drawings auction, exceeding its $3.5 million high estimate. The work set a new record for a Rubens drawing at auction. The piece has long been in the family of King William II of the Netherlands.

Fine art

Il trionfo delle donne Vigée Le Brun a 7.2 milioni, nuovo record da Sotheby’s

artslife.com

Elisabeth-Louise Vigée Le Brun’s Portrait of Muhammad Dervish Khan, Full-Length, Holding His Sword in a Landscape sold for $7.1859 million, a record for the artist at auction and for a female artist of the pre-modern era. A drawing by Peter Paul Rubens titled Nude Study of Young Man with Raised Arms sold for $8.2 million, setting a new record for a Rubens drawing. Sotheby’s Masters Week in New York reported totals around $67.8 million across Old Master Drawings and Master Paintings.

Fine art

Sotheby’s Market Update: Humanity Revealed in Portraits and Property from a Distinguished Private Collection

Sotheby’s

Sotheby’s documents the market development behind Humanity Revealed in Portraits and Property from a Distinguished Private Collection. Its account reports that sotheby’s is honoured to offer this incredible private collection spanning all the way from Old Master Paintings and Drawings, to Impressionist and Modern, Contemporary Art, and Prints.

Fine Art

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