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January 2020 fine-art market intelligence

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Fine art

RELEASE The Art of the Surreal Evening Sale highlighted by René Magritte’s À la rencontre du plaisir

press.christies.com

René Magritte’s À la rencontre du plaisir (Towards Pleasure) is highlighted in Christie's press release about The Art of the Surreal Evening Sale. The painting, created in 1962 and estimated at £8,000,000-12,000,000, is being auctioned for the first time and was purchased directly from the artist and has remained in the same family collection. Olivier Camu, Deputy Chairman of Impressionist and Modern Art at Christie’s, discusses the significance of the work and its place in Magritte’s oeuvre.

Fine art

New evidence cited in restitution claim for Panama Papers Modigliani

theartnewspaper.com

The Art Newspaper reports that representatives of Oscar Stettiner’s grandson allege a Paris archive document strengthens the claim that Amedeo Modigliani’s Seated Man with a Cane (1918) is the same painting looted by the Nazis and currently in the possession of David Nahmad, with Nahmad asserting his painting is different. The claim references the Wildenstein Institute archive and notes the painting’s past ownership and recent deposition details.

Fine art

Restituted Pissarro and Signac at Sotheby’s and more art news

artnews.com

Restitution: Three works restituted to the heirs of Gaston Lévy with an estimated total of over $17 million will be sold at Sotheby’s in February, including two Signac port paintings and Camille Pissarro’s Gelée blanche, jeune paysanne faisant du feu which could reach $10.4 million. The Signac works include La Corne d’Or and Quai de Clichy. Temps Gris, and the Clichy painting’s provenance links to objects hoarded by Cornelius Gurlitt and returned by the German government. The Gelée blanche painting was in the Musée d’Orsay and was returned to the heirs in 2018.

Fine art

A Pointillist Masterpiece by Camille Pissarro leads an exceptional trio of restituted works

sothebys.com

Camille Pissarro's Gelée blanche, jeune paysanne faisant du feu is highlighted as the jewel of Sotheby’s restituted works in an Impressionist, Modern & Surrealist Art Evening Sale in February 2020. The article discusses restitutions to the heirs of Gaston Lévy and mentions related works by Signac and the provenance involving the Château des Bouffards and Hildebrand Gurlitt.

Fine art

Artworks Restituted to the Heirs of Collector Gaston Lévy press release

sothebys.com

Three works restituted to the heirs of Gaston Lévy are led by Camille Pissarro's Gelée blanche, jeune paysanne faisant du feu, which heads to auction as part of Sotheby’s Impressionist & Modern Art Evening Sale in London on 4 February. The package includes works with restitution history linked to the Nazi era, including pieces restituted from the Musée d’Orsay and a painting once in Hildebrand Gurlitt’s collection.

Fine art

RELEASE | Tamara De Lempicka's iconic portrait of Marjorie Ferry to highlight Impressionist and Modern Art Evening Sale

press.christies.com

Tamara de Lempicka’s Portrait de Marjorie Ferry (1932, estimate £8,000,000-12,000,000) is highlighted for Christie’s Impressionist and Modern Art Evening Sale on 5 February 2020 in London. The piece was commissioned by Marjorie Ferry’s husband and is described in the release as an iconic, vibrant Art Deco portrait that captures the sitter’s vitality.

Fine art

Painting found in Italian gallery’s walls verified as Klimt

pressherald.com

The painting identified as Gustav Klimt’s Portrait of a Lady was found hidden inside the Ricci Oddi Modern Art Gallery in Piacenza, Italy, and authenticated as Klimt’s work that had been missing since 1997. The gallery acquired the work in 1925 and it was reported missing in February 1997; authorities verified the painting after infrared and other non-invasive analyses. The piece is believed to be in good condition with minor edge damage likely from removal efforts.

Fine art

Portrait of a Lady painting found in wall confirmed as stolen Klimt

bbc.co.uk

Gustav Klimt's Portrait of a Lady, stolen in Piacenza in 1997, was found concealed in a wall of the Ricci Oddi Gallery of Modern Art. The artwork is valued at about €60 million (roughly $66 million). Experts confirmed its authenticity after infrared and ultraviolet tests; further verification will determine if it was concealed since the theft or placed there later.

Fine art

Portrait found in gallery’s walls verified as missing Klimt

lethbridgenewsnow.com

Gustav Klimt’s Portrait of a Lady, recovered from inside the Ricci Oddi Modern Art Gallery walls in Piacenza, Italy, is authenticated as the missing work stolen in 1997. The work was examined after a gardener found a hidden panel door and a plastic bag containing the painting.

Fine art

Experts confirm the authenticity of the stolen Klimt painting found hidden in a museum’s wall

news.artnet.com

Gustav Klimt’s Portrait of a Lady (1917) was authenticated after being found hidden in a wall at the Galleria d’Arte Moderna Ricci Oddi in Piacenza. The painting had been missing since February 1997 and was confirmed authentic by conservation experts and authorities after forensic analysis and examination, including infrared and x-ray imaging that revealed an earlier painting underneath.

Fine art

Vincent van Gogh self-portrait authenticated after decades of debate

artsy.net

Vincent van Gogh Self-Portrait (1889) from the National Museum Oslo, previously questioned since 1970, has been authenticated after research by Norway’s National Museum and Van Gogh Museum. The work is tied to Van Gogh’s psychotic period and is linked to his letters describing the piece as an attempt from when he was ill.

Fine art

Portrait found hidden in a garden wall is an authentic Klimt

artlawandmore.com

Gustav Klimt's Portrait of a Lady (1917) resurfaced 24 years after theft from the Galleria d’Arte Moderna Ricci Oddi in Piacenza and has been confirmed authentic. The painting, once owned by Giuseppe Ricci Oddi, was found hidden inside a wall at the Ricci Oddi Museum in December 2019 with verification announced January 17, 2020.

Fine art

Less Than a Month After the Louvre Hired a Nazi Loot Expert to Investigate Its Collection, She Found 10 Ill-Gotten Works Hiding in Plain Sight

web.archive.org

_ARTICLE_ discusses the Louvre hiring Emmanuelle Polack, a Nazi-loot expert, to investigate its collection and identify 10 works that belonged to a Jewish lawyer and were looted during the Nazi era; these works are now the subject of a restitution claim. The piece mentions the 2017 galleries for orphaned works and polack's prior work, including a 1942 auction in Nice and involvement of René Huyghe in acquiring 12 pieces for the Louvre.

Fine art

Pissarro masterpiece to lead Sotheby’s Impressionist & Modern Art sale

salonprivemag.com

The article discusses Sotheby’s Impressionist & Modern Art Evening Sale on 4 February featuring three restituted works tied to Gaston Lévy, including a Pissarro Pointillist work, Gelée blanche, jeune paysanne faisant du feu, and other works by Signac.

Fine art

Less than a month after the Louvre hired a Nazi loot expert to investigate its collection, she found 10 ill-gotten works hiding in plain sight

news.artnet.com

Artnet News reports that the Louvre hired Emmanuelle Polack to investigate suspect acquisitions during the Vichy regime. Polack identified 10 works in the Louvre’s collection that belonged to a Jewish lawyer before a forced sale, with a restitution claim from his heirs. The effort follows previous Louvre steps toward restitution of looted works from the Nazi era.

Fine art

Sotheby’s highlights for Impressionist, Modern & Surrealist art include restitued works and Léger debut paintings

sothebys.com

Sotheby’s press release highlights three restituted works by Camille Pissarro, Paul Signac, and Signac, including Gelée blanche, jeune paysanne faisant du feu (1888) estimated £8,000,000–£12,000,000 and Corne d’Or, matin (1907) estimated £5,000,000–£7,000,000, as well as Signac’s Quai de Clichy. Temps gris (est. £600,000–£800,000) details the provenance involving Gaston Lévy and the Nazi-era looting and restitution. Fernand Léger figures with Nature morte (1923) estimated £2,200,000–£2,800,000, marking the auction debut of Léger works from Roger Dutilleul’s collection.

Fine art

Paintings by Alma Thomas, Norman Lewis, and Charles White set auction records at New York evening sales, Culture Type

culturetype.com

Alma Thomas, Norman Lewis, and Charles White each reached new auction highs in New York evening sales, with Thomas's A Fantastic Sunset (1970) achieving a record; Christie’s and Sotheby’s were the auction houses involved. The article notes records and prior high benchmarks for the artists, including Thomas’s earlier sale of Azaleas (1969) at Sotheby’s.

Fine art

Sotheby’s Masters Week auctions in New York achieve $94.3 million

sothebys.com

Giovanni Battista Tiepolo’s Madonna of the Rosary with Angels sold for $17.3 million, setting a record; Andrea Mantegna’s The Triumph of Alexandria sold for $11.7 million, a new drawing record; the auction total across 4 sales was $94.3 million; 338 lots sold, 15 exceeded $1 million.

Fine art

Led by a dazzling Tiepolo altarpiece, Sotheby’s Old Masters sales in New York raked in more than $76 million

news.artnet.com

The article reports that Sotheby’s Old Master paintings evening sale and daytime drawings in New York together brought in about $76 million, led by a Tiepolo altarpiece. It highlights Andrea Mantegna’s The Triumph of Alexandria selling for a record $11.7 million and Bernardino di Betto di Biagio (Pinturicchio) Madonna and Child selling for $920,000, among other results.

Fine art

Sotheby’s Market Update: Iconic Works by Sir Alfred J. MunningsTo Lead Sotheby’s 19th Century European Art Auction 31 January

Sotheby’s

Sotheby’s documents the market development behind Iconic Works by Sir Alfred J. MunningsTo Lead Sotheby’s 19th Century European Art Auction 31 January. Its account reports that nEW YORK, 17 January 2020 - Sotheby’s is pleased to unveil highlights from the 19th Century European Art sale on 31 January in New York.

Fine Art

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