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April 2020 fine-art market intelligence

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Fine art

Mega-Gallery Hauser & Wirth pledges 10 percent of online sales to the World Health Organization

news.artnet.com

The article reports that Hauser & Wirth is donating 10 percent of its online sales proceeds to the World Health Organization. It notes that Iwan Wirth cofounder, Manuela Wirth, and Marc Payot discuss the initiative, and mentions upcoming online exhibitions by George Condo with solo shows by Lorna Simpson and Rashid Johnson, following an inaugural online show of Louise Bourgeois drawings.

Fine art

National Gallery of Art returns Picasso work to heirs of German banker

artnews.com

Pablo Picasso's pastel Head of a Woman, held by the National Gallery of Art in Washington, D.C., was returned to the heirs of banker Paul von Mendelssohn-Bartholdy to avoid potential litigation. The restitution follows a long-running case involving Picasso works and the Mendelssohn-Bartholdy family, including a 2009 settlement with MoMA and the Guggenheim and prior disputes over a Blue Period Picasso.

Fine art

A subversive little collection: the Arthur Jeffress Bequest to Southampton City Art Gallery and Tate

artuk.org

The article discusses Arthur Jeffress, his Red and White party in 1931, and his art collecting, including works such as Giorgio de Chirico's The Painter's Family (La Famille du peintre) (1926) and Francis Bacon's Three Studies for a Portrait of Isabel Rawsthorne (panel 3 of 3) (1965). It also mentions Deakin, Loraine Conran, and the Southampton Art Gallery connection leading to the bequest relationship with Tate. Amounts are not specified in the provided excerpt.

Fine art

The Many Lives of El Greco's Assumption

artic.edu

The article discusses El Greco’s The Assumption (1577–79), its commission for the church of Santo Domingo el Antiguo in Toledo, its scale as the central painting of the altar, and its later history including sale to Sebastián Gabriel de Borbón and the painting’s presence in later collections; it notes the work’s role in El Greco: Ambition and Defiance at the Art Institute of Chicago in spring 2020.

Fine art

Larry Gagosian to sell Picasso work subject to restitution claim

artnews.com

Larry Gagosian is selling Pablo Picasso’s 1903 drawing Head of a Woman for $10 million. The work was returned by the National Gallery of Art to the heirs of Paul von Mendelssohn-Bartholdy amid restitution discussions, and Gagosian claims the heirs approached him intending to sell the work.

Fine art

National Gallery of Art returns painting to Mendelssohn-Bartholdy heirs: Picasso from the Blue Period

tagesspiegel.de

The Mendelssohn-Bartholdy hereditary estate has received ownership rights to Pablo Picasso's pastel Head of a Woman (1903) from the Blue Period from the National Gallery of Art in Washington, DC. Julius H. Schoeps, founder of the Potsdam Moses Mendelssohn Center and heir to Ernst von Mendelssohn-Bartholdy, represents the family as spokesman for restitution claims dating back to NS-era seizures. The article covers provenance research and the historical context of Nazi-era expropriations that affected the Mendelssohn family.

Fine art

Caspar David Friedrich Nebelschwaden (1820) stolen in 1994 art robbery at Kunsthalle Schirn

kulturmeister.com

Caspar David Friedrich created Nebelschwaden in 1820, a 42.5 cm by 32.5 cm oil painting. It was stolen on July 28, 1994 during an exhibition at Kunsthalle Schirn in Frankfurt and reappeared in August 2003. The incident involved three thieves who overpowered a security guard; the paintings were valued at least 50 million Deutsche Marks.

Fine art

Three Transformative Acquisitions at OKCMOA

okcmoa.com

Three Transformative Acquisitions at the Oklahoma City Museum of Art discusses Kehinde Wiley: A New Republic, its impact on audience reach, and the museum’s subsequent acquisition of Wiley’s Jacob de Graeff (2018). The article mentions artists such as Charles Willson Peale, Thomas Lawrence, Pierre-Auguste Renoir, George Bellows, and Kehinde Wiley, and notes the museum's acquisition of Wiley’s work as a response to the exhibition.

Fine art

Inigo Philbrick and the disappearing art dealer profile

gq-magazine.co.uk

The British GQ piece discusses the art dealer Inigo Philbrick, recounting how he advised on investments for Fine Art Partners (FAP) and helped source Rudolf Stingel works, including a Picasso portrait sold through Stingel’s market and Philbrick’s flipping practices. It notes Philbrick’s rise as a prominent Young American dealer with galleries in London and Miami, and describes how these activities intersected with high-value contemporary art transactions and potential future valuations.

Fine art

Sotheby’s breaks record with George Condo piece at £1.03 million

freemalaysiatoday.com

George Condo created Antipodal Reunion, which sold for £1,035,000 in Sotheby’s online Contemporary Curated sale. The piece led the auction, with other notable results including Yayoi Kusama, Andy Warhol, Fahrelnissa Zeid, Monir Farmanfarmaian, Damien Hirst, Invader, and a multi-country participation, as Sotheby’s reported a record online painting sale total and multiple prices exceeding estimates.

Fine art

Robert Indiana’s “LOVE” at the center of a $150-million legal battle

artsy.net

Robert Indiana’s LOVE design is at the center of a $150-million legal dispute. The article discusses lawsuits filed by the Morgan Art Foundation against Jamie Thomas and Michael McKenzie, and a counterclaim by McKenzie alleging copyright issues and public-domain status for the LOVE design.

Fine art

Sotheby’s Market Update: SOTHEBY’S ONLINE SALE OF PRINTS & MULTIPLES ACHIEVES $3.4 MILLION Our Highest Total for an Online Auction of Prints

Sotheby’s

Sotheby’s documents the market development behind SOTHEBY’S ONLINE SALE OF PRINTS & MULTIPLES ACHIEVES $3.4 MILLION Our Highest Total for an Online Auction of Prints. Its account reports that nEW YORK, 29 April 2020 – Sotheby's Prints & Multiples online auction concluded yesterday with a total of $3.4 million and a strong 88% of lots sold.

Fine Art

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