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July 2019 fine-art market intelligence

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Fine art

Billionaire Tom Hill revealed as buyer of rediscovered Caravaggio

artsy.net

The article states that billionaire Tom Hill, former Blackstone CEO, is the buyer of the rediscovered Caravaggio painting Judith and Holofernes; the painting was found in Toulouse in 2014 and had been expected to sell at auction before Hill reportedly purchased it privately.

Fine art

Toulouse Caravaggio divides experts regarding its authenticity

archaeology.wiki

The article discusses the painting known as “Judith beheading Holofernes” attributed to Caravaggio and raises questions about its authenticity. Italian specialists and museum involvement are cited, with disagreement over whether the work is genuine or a fake; discussions reference its auction, restoration, and exhibition history.

Fine art

As His Market Explodes, KAWS parts ways with longtime dealer Perrotin to show exclusively with Skarstedt

news.artnet.com

KAWS at the Tribeca Ball. The article reports that graffiti artist-turned-market phenomenon KAWS has split with Perrotin and will be exclusively represented by Skarstedt Gallery in New York and London. It notes Perrotin’s long-term involvement with KAWS since 2008 and mentions upcoming Skarstedt show in London, Pharrell Williams as an early champion, and the record auction result of $14.8 million at Sotheby’s Hong Kong.

Fine art

RESULTS: Christie’s Classic Week Evening Sales realise £48,314,125 / $60,730,855 / €53,773,621

auctiondaily.com

Christie’s Classic Week Evening Sales produced a combined total of £48,314,125 / $60,730,855 / €53,773,621. The top lots were An Egyptian Brown Quartzite Head of The God Amen and David Teniers’ The Ham Dinner, each selling for £4,746,250, setting a new world record price for the artist. The Masterpieces from a Rothschild Collection sale realised £23,823,375 / $29,945,982 / €26,515,416.

Fine art

The $450 million question: where is Leonardo

en.kataeb.org

The article discusses Leonardo da Vinci’s Salvator Mundi, which sold for $450.3 million at Christie’s in New York, and samples theories about its current whereabouts, including storage in Geneva and a yacht owned by Mohammed bin Salman; it cites sources such as CNN International and The New York Times.

Fine art

Turner masterpiece saved by major grants, huge cultural coup for East Anglia

museumsandheritage.com

Turner’s Walton Bridges, painted in 1806, will stay in the UK and enter public ownership after grants from the National Lottery Heritage Fund and Art Fund. The work will tour East Anglia before joining the Norwich Castle Museum and Gallery collection, marking the first Turner oil painting in a public collection in the East of England.

Fine art

U.S. Court of Appeals finds the Met is rightful owner of Picasso’s The Actor

ial.uk.com

Pablo Picasso’s The Actor is at issue in a case involving the Leffmanns, heirs of a Jewish couple from Cologne. The Second Circuit upheld a lower court ruling in favor of the Metropolitan Museum of Art, which received The Actor as a gift in the 1950s. The court noted HEAR Act coverage but held the claims were not barred by laches and did not fall under HEAR Act.

Fine art

Press release – july 13, 2019 auction – Edmondson “Uplifted Lady” sculpture takes the high road at $240,000

caseantiques.com

Edmondson “Uplifted Lady” sculpture by William Edmondson sold for $240,000 at Case Antiques Auction on July 13. The top lot was “Miss Amy, an Uplifted Lady,” with prior record prices noted, including the $320,000 sale of “Miss Lucy.” The report highlights other notable results, including a Henry Moret harbor scene that realized $132,000.

Fine art

New York thrift store find turns out to be valuable Schiele drawing

theartnewspaper.com

Egon Schiele drawing Reclining Nude Girl (circa 1918) found at a Habitat for Humanity thrift store in Queens, New York, is authenticated and valued between $100,000 and $200,000. Jane Kallir of Galerie St Etienne authenticates the work, linking it to a sequence of related Schiele drawings and studies for a final lithograph.

Fine Art

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