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November 2020 fine-art market intelligence

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17 headlines

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Fine art

Dutch Jewish family experience setback in attempt to recover masterpiece stolen by Nazis

algemeiner.com

A Jewish family seeking the return of a $35 million painting stolen during the Nazi occupation of the Netherlands accuses the Netherlands’ restitutions committee of bias after it ruled against them. Lawyers for the heirs to Robert Lewenstein claimed there was an appearance of partiality and a conflict of interest in the committee that advises on art restitution.

Fine art

A dispute over a Pissarro painting looted by Nazis was settled four years ago. Now, it’s going back to court

news.artnet.com

The article concerns Camille Pissarro's La bergère rentrant des moutons (Shepherdess Bringing in Sheep), looted during the Nazi era. Léone Meyer reached a settlement with the Fred Jones Jr. Museum of Art that would split the painting’s display between the U.S. and France, but Meyer now seeks to alter those terms and has filed a lawsuit in France to bar the painting’s return to the United States. The involved institutions include the Fred Jones Jr. Museum of Art (University of Oklahoma) and the Musée d’Orsay, with legal comments from Ron Soffer and statements from university leaders.

Fine art

Sotheby’s live-streamed evening sales set records for de Chirico, Italian design

antiquesandthearts.com

Giorgio de Chirico's Ariadne’s Afternoon sold for $15.9 million in the Impressionist & Modern evening sale, a new auction record for the artist. A Carlo Mollino dining table sold for about $6.18 million in the Contemporary Art evening sale. Sotheby’s total for the evening across Contemporary, Impressionist and Modern art was $283.9 million.

Fine art

Review of Sotheby’s New York’s Impressionist, Modern & Contemporary Evening Auctions, 28th October 2020

olivershuttleworth.com

The page covers Sotheby’s New York Impressionist, Modern & Contemporary Evening Auctions on 28 October 2020, noting strong overall results with notable sales such as Frank Stella’s Concentric Squares (over 8m USD with premium) and Matthew Wong’s Dialogue (1.7m USD with premium), while Brice Marden’s ‘3’ and Clyfford Still’s ‘1957-G’ were withdrawn from the Contemporary sale and a Rothko remained unsold at 25m USD; the author comments on market vitality and the role of back-guarantee bids.

Fine art

These Joan Mitchell paintings could sell for $19M at Phillips

thecollector.com

Two Joan Mitchell paintings, Untitled (1953–54) and Two Pianos (1979), are expected to fetch more than $19 million at a Phillips auction in New York on December 7, 2020. The sale also includes works by Ruth Asawa, Jean-Michel Basquiat, Pablo Picasso, René Magritte, Barkley Hendricks, Mickalene Thomas, and Amy Sherald, as part of Phillips’ 20th Century and Contemporary Art Evening Sale.

Fine art

Strauss & Co’s NORTH/SOUTH sale topped by Irma Stern, but new trends emerge

straussart.co.za

Strauss & Co’s NORTH/SOUTH sale, held in Cape Town and Johannesburg, achieved R98.6 million with 628 lots sold and a 70% sell-through. World records were set for Sydney Kumalo, Mustafa Maluka, and Neil Rodger; Irma Stern was among top lots. The sale highlighted new buyers and emerging artists in the secondary market.

Fine art

US museums groups raise concerns as settlement deal over Nazi-looted Pissarro heads back to court

theartnewspaper.com

Camille Pissarro’s La Bergère Rentrant des Moutons (1886) is at the center of a dispute after Léone-Noëlle Meyer, the French heiress who agreed in 2016 to share the painting with the University of Oklahoma’s Fred Jones Jr Museum of Art, changed her mind and sought to prevent the work from returning to Oklahoma for three years. US museum groups including the AAM and AAMD expressed concern that the settlement provisions be honored to avoid undermining Nazi-era restitution efforts.

Fine art

Carphone Warehouse billionaire David Ross bought the Royal Opera House Hockney and now loans it back

theartnewspaper.com

The Art Newspaper reports that David Ross, Carphone Warehouse co-founder and chair of the Royal Opera House board, purchased David Hockney's Portrait of Sir David Webster for £12.8 million (with fees) at Christie's. The portrait will be loaned back to the Royal Opera House immediately and then to the National Portrait Gallery for its 2023 reopening exhibition before returning to ROH on long-term loan.

Fine art

Nazi looted painting should return to OU, federal judge rules

knoxnews.com

Nuria Martinez-Keel reports that a federal judge ruled a Nazi-looted painting should be returned to the University of Oklahoma and that Leone Meyer must stop litigating in France. The 1886 painting “Shepherdess Bringing in Sheep” by Camille Pissarro, which Meyer agreed to share with OU in 2016, is alternated between the Musee d’Orsay and OU’s Fred Jones Jr. Museum of Art. The court ordered Meyer to comply with the 2016 settlement and cease litigation in France.

Fine art

Brett Whiteley painting Henri's Armchair smashes Australian art auction record

brisbanetimes.com.au

Brett Whiteley’s Henri's Armchair from the Lavender Bay series sold at Menzies Art Auctioneers in Kensington for 6.136 million including premium, surpassing the previous Australian art record of 5.4 million for a Sidney Nolan Ned Kelly painting. The painting was auctioned by Justin Turner to a private Sydney collector for 5 million prior to premium.

Fine art

Whiteley’s Henri’s Armchair sets Australian auction record

reuters.com

Brett Whiteley’s Henri’s Armchair sold for A$6.25 million ($4.6 million) at auction in Sydney, surpassing the previous Australian record of A$5.4 million. The sale underscores strong interest in art as an investment during the pandemic, with Coralie Stow of Menzies Art Brands noting increased bidding as people spend more time at home.

Fine art

Phillips Announces Highlights from December 20th Century & Contemporary Art Sales

Phillips

Phillips’s preserved release documents Phillips Announces Highlights from December 20th Century & Contemporary Art Sales and details the principal works, sale terms, or market results.

Fine art

Christie’s Market Update: RELEASE | Quentin Blake: 200 Drawings Sold to Benefit House of Illustration – Online, 2 to 16 December 2020 - Christie's

Christie’s

Christie’s documents the market development behind RELEASE | Quentin Blake: 200 Drawings Sold to Benefit House of Illustration – Online, 2 to 16 December 2020 - Christie's. Its account reports that lONDON: Christie’s Classic Week presents Quentin Blake: 200 Drawings, open for browsing from 25 November and bidding from 2 to 16 December.

Fine Art

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