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September 2020 fine-art market intelligence

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Fine art

Jackson Pollock original worth millions to be auctioned off to support minority artists at Syracuse museum

syracuse.com

The painting by Jackson Pollock, titled Red Composition (1946), is in the Everson Museum of Art’s collection and will be auctioned to diversify the collection and support minority artists. The piece, donated in 1991, is estimated at $12 million to $18 million and will be offered by Christie’s in its Evening Sale of 20th and 21st Century Art on October 6, 2020.

Fine art

A New York museum sells its only Jackson Pollock painting at Christie’s to fund acquisitions of work by women and artists of color

news.artnet.com

The Everson Museum in Syracuse, New York, plans to sell Jackson Pollock’s Red Composition (1946) at Christie’s for an estimated $12 million to $18 million to fund acquisitions of work by artists of color and women artists. The painting, Pollock’s early drip technique centerpiece and final work of 1946, was donated to the museum in 1991 and has strong provenance including Peggy Guggenheim; Pollock’s auction record is $58.4 million for Number 19 (1948) at Christie’s New York.

Fine art

Status of $4.8m Modigliani painting challenged as legal battle over artist's catalogues raisonnés ramps up

theartnewspaper.com

Marc Restellini claims that Beatrice Hastings Seated (1915) underwent modifications not mentioned by Christie’s in 1997 or 2019. The article discusses a legal dispute with the Wildenstein Plattner Institute over Modigliani attributions and the reliability of Ceroni’s catalogue raisonné, including a painting sold by Christie’s in 1997 and 2019.

Fine art

Collector’s Picks: JINGART, ART021 Co-Founder Kylie Ying Highlights Her Top Works from Art of Tomorrow

sothebys.com

Kylie Ying discusses her top picks from Art of Tomorrow: Works Sold to Benefit the Chu Foundation, a sale benefiting the Chu Foundation with proceeds supporting the Chu Residency at Tateyama in Japan. The feature highlights her role as co-founder of ART021 Shanghai Contemporary Art Fair and JINGART, and notes that 34 works are offered across Sotheby’s Contemporary Art Evening and Day Sales in October.

Fine art

Picasso's Dora Maar portrait with $20 million estimate heading to auction

artnews.com

Pablo Picasso’s Femme dans un fauteuil (1941), a portrait of Dora Maar, is slated for Christie’s New York sale with an estimated range of $20 million to $30 million. The work, measuring 51⅛ by 38 inches, is part of Picasso’s wartime series created in Paris during World War II and marks its first auction appearance.

Fine art

Artprice presents five Covid proof artists

newswire.ca

George Condo (1957) is highlighted as a Covid-proof artist, with mention of his works Antipodal Reunion (2006) and Force Field (2010) achieving online and auction records; the article notes solid performances from several artists during the health crisis and discusses market dynamics in H1 2020 including Sotheby’s and Christie’s turnover figures.

Fine art

Gerhard Richter’s Abstraktes Bild (649-2) leads Sotheby’s Hong Kong contemporary art autumn sales 2020

sothebys.com

Gerhard Richter, Abstraktes Bild (649-2), 1987, oil on canvas, 200 by 200 cm, leads Sotheby’s Hong Kong Contemporary Art Autumn Sales 2020 with the highest estimated Western contemporary work to come to auction in Asia. The press release to be held in Hong Kong highlights top-tier works by David Hockney, Adrian Ghenie, Yayoi Kusama, Liu Ye and Kazuo Shiraga, plus major works debuting in Asia by Francis Bacon, Marlene Dumas and Ellsworth Kelly, and Asian masterpieces by Yayoi Kusama, Liu Ye, Kazuo Shiraga and Takeo Yamaguchi. It also notes two collections from Johnson Chang and the Chu Foundation.

Fine art

Court-ordered auction of works from disgraced Brazilian banker’s collection prompts new controversy

theartnewspaper.com

The Art Newspaper reports on an auction of works from the collection of Edemar Cid Ferreira, former president of Banco Santos, with the Museum of Contemporary Art at the University of São Paulo claiming it is owed 3.6 million USD for conserving and storing around 1,600 works. The auction, organized by James Lisboa Auction House, includes about 1,968 paintings, sculptures, and photographs by artists such as Frank Stella and Tarsila do Amaral, and runs from September 21 to October 2, 2020.

Fine art

Linda Hickox v Simon Dickinson judgment overview

vlex.co.uk

The case concerns Linda Hickox bringing a Part 8 claim under Norwich Pharmacal jurisdiction to uncover information about the oil painting Calanque de Canoubier (Pointe de Bamer) by Paul Signac (1896). The painting is alleged stolen by Timothy Sammons. Defendants are art dealers/advisors in London; the Second Defendant acted as agent for a purchaser. The judgment by Ms Clare Ambrose in the High Court of Justice (Chancery Division) addresses disclosure of the painting’s current location, current possessor, and related provenance or transaction information.

Fine art

Sotheby’s Market Update: SOTHEBY’S ASIA WEEK ACHIEVES $36.4 MILLION IN NEW YORK

Sotheby’s

Sotheby’s documents the market development behind SOTHEBY’S ASIA WEEK ACHIEVES $36.4 MILLION IN NEW YORK. Its account reports that nEW YORK, 24 September 2020 – Sotheby’s bi-annual Asia Week sale series in New York achieved $36.4 million this week – significantly above the series’ high estimate of $29.1 million, and all sales surpassing their high estimates.

Fine art

Sotheby’s Market Update: New Buyers Prove Art Market Resiliency and More Key Insights

Sotheby’s

Sotheby’s documents the market development behind New Buyers Prove Art Market Resiliency and More Key Insights. Its account reports that new Buyers Prove Art Market Resiliency and More Key Insights](https://www.sothebys.com/en/articles/key-data-trends-from-art-auctions-during-the-pandemic).

Fine art

Sotheby’s Market Update: Tipping Point: Pandemic Propels Art Market into a New Era

Sotheby’s

Sotheby’s documents the market development behind Tipping Point: Pandemic Propels Art Market into a New Era. Its account reports that tipping Point: Pandemic Propels Art Market into a New Era](https://www.sothebys.com/en/articles/tipping-point-pandemic-propels-art-market-into-a-new-era-1).

Fine art

Sotheby’s Market Update: Wu Guanzhong and Sanyu's Museum Quality Works to Lead Sotheby's Hong Kong Modern Art Autumn Sales Series 2020

Sotheby’s

Sotheby’s documents the market development behind Wu Guanzhong and Sanyu's Museum Quality Works to Lead Sotheby's Hong Kong Modern Art Autumn Sales Series 2020. Its account reports that sotheby’s Hong Kong Modern Art Evening and Day Sales on 5-6 October will present a remarkable group of modern and post-war artworks.

Fine Art

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