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March 2020 fine-art market intelligence

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Fine art

Once attributed to a male artist, 'David and Goliath' painting identified as the work of Artemisia Gentileschi

smithsonianmag.com

Artemisia Gentileschi is identified as the creator of the painting David and Goliath, which had previously been attributed to Giovanni Francesco Guerrieri. The work underwent cleaning and analysis by Simon Gillespie Studio, revealing Gentileschi’s signature and stylistic details.

Fine art

Sotheby’s private-sales activity reached $1 billion last year, with about half from 30 works

news.artnet.com

Sotheby’s reported it reached $1 billion in private sales for the second year in a row. About half of that total came from roughly 30 transactions in the $5 million–$50 million range, with many works in the $1 million–$5 million tier. The article notes artists frequently involved in private sales at Sotheby’s include Jonas Wood, Yayoi Kusama, George Condo, Andy Warhol, Jean-Michel Basquiat, KAWS, and Alexander Calder, while the biggest sales skew toward more historical artists such as Pablo Picasso, Claude Monet, and Henri Matisse.

Fine art

Sotheby’s 2019 private sales near $1B; San Antonio museum acquires contemporary Latin American art

hyperallergic.com

Sotheby’s private sales in 2019 neared $1 billion, with significant activity in the Modern and Contemporary category led by artists such as Jonas Wood, Yayoi Kusama, George Condo, and Andy Warhol. The Getty Research Institute announced the acquisition of the archive of Simone Forti, a pioneering choreographer and performance artist.

Fine art

Property From The Estates Of Georgia O’Keeffe and Alfred Stieglitz drives Sotheby’s $17.2 million auction in New York

auctiondaily.com

The auction at Sotheby’s New York, led by works from the estates of Georgia O’Keeffe and Alfred Stieglitz, achieved a total of $17.2 million against a $13.3 million high estimate, with 87.4% of lots sold. The sale was highlighted by O’Keeffe’s Nature Forms – Gaspé (1932), which brought in $6.9 million, and a group of O’Keeffe sculptures led by Abstraction at $668,000.

Fine art

A prized Marc Chagall painting resurfaces at Israeli auction after years of disappearance

heritagefl.com

The article discusses Marc Chagall's painting Jacob's Ladder, which was stolen from Gordon Gallery in 1996 and later surfaced in an Israeli auction at Tiroche Auction House in Herzliya as Lot 99. The work was eventually found in Jerusalem in 2015 after being bequeathed by an elderly woman, and its authenticity is being verified by Comité Marc Chagall.

Fine art

Sotheby’s to offer Francis Bacon’s large-format triptych inspired by the Oresteia of Aeschylus this May in New York

sothebys.com

Francis Bacon’s large-format Triptych Inspired by the Oresteia of Aeschylus is highlighted at Sotheby’s Contemporary Art Evening Auction in New York on May 13, 2020 with an estimated price in excess of $60 million. The work, created in 1981, is part of Bacon’s series of large-format triptychs and is tied to the Oresteia trilogy; it follows his earlier work Three Studies for Figures at the Base of the Crucifixion from 1962. The piece was acquired by Norwegian collector Hans Rasmus Astrup in 1984 and has since been kept at Astrup Fearnley Museet in Oslo.

Fine art

She Was Part of the Postwar Avant-Garde. She Studied Under a Legend. She Even Adopted a Male Name. But Her Art Was Forgotten, Until Now

news.artnet.com

Michael West (Corinne Michelle West) is highlighted as a postwar avant-garde artist whose work is being reexamined at Hollis Taggart at the Armory Show 2020. The piece notes that she studied with notable peers and adopted a male name, and details the rediscovery and auction of her estate by Stuart and Roberta Friedman after her death in 1991.

Fine art

Public institutions and private collectors clamor for works from the estates of Georgia O’Keeffe and Alfred Stieglitz at Sotheby’s New York

sothebys.com

The auction Alfred Stieglitz, Georgia O’Keeffe, Juan Hamilton: Passage at Sotheby’s New York achieved a total of 17.2 million, surpassing the high estimate of 13.3 million and with 87.4% of lots sold. Works and personal effects from Georgia O’Keeffe and Alfred Stieglitz, including pieces from artist Juan Hamilton’s collection, were offered, highlighting O’Keeffe’s career and Stieglitz’s influence; notable items included Nature Forms – Gaspé (1932) which sold for 6.9 million, and various O’Keeffe-related memorabilia and archives.

Fine art

Sotheby’s O’Keeffe/Stieglitz sale nets strong $17.2 million total

artnews.com

Georgia O’Keeffe, Nature Forms – Gaspé (1931) sold for $6.9 million, and Abstraction (1946) sold for $668,000 at Sotheby’s New York auction of the estates of Georgia O’Keeffe and Alfred Stieglitz, which totaled $17.2 million. The sale included 95 items and achieved an 87 percent sell-through rate, with Beinecke Library acquiring a grouping of photographs and literature through private sale for the Stieglitz/O’Keeffe archival collection.

Fine art

How my father’s Brillo Box made $3 million

christies.com

Lisanne Skyler explains that her father bought Warhol’s Brillo Box (3ȼ Off) for $1,000 in 1969 and that it later sold for $3 million at Christie’s, a record at the time. The article discusses the film about the story and related events, including a 2010 Christie’s lot: Warhol’s Brillo Box (3ȼ Off) sold for $3,050,500 in New York.

Fine art

Clyfford Still to lead Harry W. and Mary Margaret Anderson Collection sale

salonprivemag.com

Clyfford Still is highlighted in Sotheby’s sale Property from the Collection of Harry W. and Mary Margaret Anderson, a 26-work selection led by Still’s 1947-Y-No.1. The sale is part of Sotheby’s marquee 1 auctions in May in New York and is estimated to sell for over $55 million across Contemporary Art Evening and Day Auctions on May 13–14. The collection emphasizes post-war American art and includes works gifted to institutions like the Clyfford Still Museum; the collection is previewed in New York with traveling highlights to Los Angeles, San Francisco and London.

Fine art

The US Supreme Court's silence on Nazi art theft fails Holocaust survivors

theartnewspaper.com

The US Supreme Court refused to hear an appeal over ownership of Pablo Picasso's The Actor (1904-05), a painting donated to the Metropolitan Museum of Art in 1952. The piece, valued at about $100 million, is tied to the Holocaust Expropriated Art Recovery Act (HEAR Act) of 2016, which opened a six-year window for victims and heirs to pursue Nazi-looted art. The article discusses the act's limitations and the broader challenges of recovering art stolen or looted during 1933-1945.

Fine art

La collezione di Georgia O’Keeffe e Alfred Stieglitz totalizza 17,2 milioni

artslife.com

Georgia O’Keeffe and Alfred Stieglitz collection sells for 17.2 million dollars at Sotheby’s New York on March 5, comprising 95 works and ephemera; Nature Forms – Gaspé (1931) sold for 6.9 million, Abstraction by O’Keeffe sold for 668,000, a white and black dress sold for 25,000, marriage certificate for 15,000, Yale Library acquisition includes writings about their decade-long relationship.

Fine art

Georgia O'Keeffe's art and other belongings sell for over $17 million at Sotheby's

antiquetrader.com

Georgia O'Keeffe's art and personal belongings from her and Alfred Stieglitz estate sold at Sotheby’s New York for a total of $17.2 million, with Nature Forms ~ Gaspé selling for $6,870,200 and other items including Abstraction sculpture for $668,000, Untitled (Trees) for $106,250, and clothing pieces such as a dress at $25,000.

Fine art

Sotheby’s Georgia O’Keeffe and Alfred Stieglitz sale achieves $17.2 million

salonprivemag.com

Sotheby’s New York sale Alfred Stieglitz, Georgia O’Keeffe, Juan Hamilton: Passage brought in $17.2 million, well above its high estimate of $13.3 million, with 87.4% of lots sold. The event highlighted works from the estates of Georgia O’Keeffe and Alfred Stieglitz and featured pieces from artist Georgia O’Keeffe as well as sculptures like Abstraction. The auction also showcased Nature Forms – Gaspé, which sold for $6.9 million.

Fine art

Swiss museum settles claim over art trove acquired in Nazi era

nytimes.com

The Basel Kunstmuseum agreed to pay an undisclosed sum to the heirs of Curt Glaser, a Jewish museum director and critic who fled Nazi Germany and sold his collection. The museum retains works by Matisse, Beckmann, Rodin, Chagall, Kokoschka, Kirchner, Heckel, and two Munch lithographs, including Self Portrait and Madonna.

Fine art

Sotheby’s Contemporary Curated Sale in New York brings in $32 million

salonprivemag.com

Sotheby’s Contemporary Curated sale in New York totalled $32 million with 79% of lots sold, including notable results for Wayne Thiebaud, Donald Judd, Lee Bontecou, Yoshitomo Nara, and David Hockney; Simone Leigh set a new auction record, with strong bids for Lisa Yuskavage, Elizabeth Peyton, and Julie Curtiss.

Fine art

In a dramatic about-face, the Kunstmuseum Basel will compensate the heirs of a Jewish collector for disputed works in its collection

news.artnet.com

The Kunstmuseum Basel has agreed to a settlement with the heirs of Jewish collector Curt Glaser regarding works purchased in 1933. The collection includes pieces by Matisse, Beckmann, Rodin, Chagall, Kokoschka, Kirchner, Heckel, and Munch, with an undisclosed settlement amount. The dispute centers on whether Glaser’s acquisitions were made under fair market conditions amid Nazi persecution.

Fine art

Kunstmuseum Basel reaches settlement over Nazi-era artworks

art-critique.com

Kunstmuseum Basel has reached a settlement with Curt Glaser’s heirs over works that Glaser once owned, with the case previously rejected by Basel but now reversed after new findings. The dispute involves prints and drawings by artists including Henri Matisse, Auguste Rodin, Marc Chagall, and Edvard Munch. The settlement follows scrutiny of looted-art provenance and revealed evidence from investigations and media reports describing sale conditions and prices.

Fine art

Swiss museum agrees to pay restitution to heirs of Nazi-looted art

jta.org

The Kunstmuseum Basel in Switzerland has agreed to pay the heirs of Jewish art collector Curt Glaser for 200 works he sold as he fled Nazi Germany in 1933; the museum had previously defended its purchases as market value. The museum will retain works on paper valued at over $2 million by artists including Henri Matisse, Max Beckmann, Auguste Rodin, Marc Chagall, Oskar Kokoschka, Ernst Ludwig Kirchner, and Erich Heckel, and plans a comprehensive exhibition in 2022 in consultation with Glaser’s heirs.

Fine art

National Gallery of Art returns Picasso work to settle claim

nytimes.com

Pablo Picasso's Head of a Woman, a 1903 Blue Period pastel, is being returned by the National Gallery of Art to the heirs of Paul von Mendelssohn-Bartholdy, a German-Jewish banker who sold the work under duress after the Nazi rise to power; the gallery cites avoiding litigation costs in the transfer. The painting was acquired by the museum as a donation in 2001, and the heirs claim it was part of assets confiscated or sold under Nazi pressure.

Fine art

Sotheby’s Market Update: Post sale results: Modern & Contemporary African & Middle Eastern Online Auctions

Sotheby’s

Sotheby’s documents the market development behind Post sale results: Modern & Contemporary African & Middle Eastern Online Auctions. Its account reports that total: Recently converted from a live to an online-only auction, Sotheby’s sale of Modern and Contemporary Middle Eastern art totalled £2,193,625 / $2,679,294, towards the high end of its pre-sale estimate of £1,714,000-2,371,000, with 60% of lots exceeding their pre-sale high estimates, often…

Fine Art

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