Monthly archive
11 headlines
Source-linked reporting
news.artnet.com
Phillips reported $542.7 million in sales for the first six months of 2021, a 25 percent increase over the same period in 2019. Private sales totaled $90.7 million, up 107 percent from 2019, while auction sales reached $452 million, up 15 percent. The report highlights growth in Asia and notes several “white glove” sales in New York, Geneva, and Hong Kong.
auctiondaily.com
PAI’s 84th Rare Posters Auction LXXXIV on July 20th totals $1.9M in sales. Alphonse Mucha is highlighted as the star of the sale, with top lots including The Stars (1902) at $120,000 and Gismonda / Théâtre de la Renaissance (1894) at $50,400.
news.artnet.com
The Spanish government signed a lease worth €97.5 million ($115.4 million) to keep Carmen Cervera’s collection on view in Madrid for 15 years, with the state obtaining preferential acquisition rights on all or part of the works. The collection includes works by Picasso, Matisse, Monet, Canaletto, among others, and has historically been housed at the National Thyssen-Bornemisza Museum in Madrid.
news.artnet.com
Eileen Kinsella reports on Tiffany & Co.’s About Love campaign featuring a robin’s egg blue Basquiat painting, Equals pi (1982), reportedly acquired by the Arnault family for a price in the range of $15 million to $20 million. The painting’s blue hue is associated with Tiffany, and Arnault discusses potential homage while the work is slated to appear at Tiffany’s Fifth Avenue flagship.
apnews.com
Wassily Kandinsky's 1909 painting, Painting With Houses, will be returned by Amsterdam to the Lewenstein family heirs after years of legal wrangling. The painting currently hangs in the Stedelijk Museum and Amsterdam had previously ruled it did not have to be returned, a decision now being overturned.
localnews8.com
The Amsterdam municipality says it will return the 1909 Kandinsky painting Painting With Houses to the heirs of a Jewish family that originally owned it, resolving years of legal wrangling over the looted work sold at auction in 1940; the painting is currently housed at the Stedelijk Museum in Amsterdam.
artnews.com
Pablo Picasso and Jean-Michel Basquiat led the comeback in the auction market as Christie’s, Sotheby’s, and Phillips returned to pre-pandemic sale levels across New York, London, and Paris. The period analyzed covers 13 modern and contemporary sales from April through July, totaling $1.7 billion, up from $1.1 billion in 2020.
artnews.com
Wassily Kandinsky painting Painting with Houses (1909) from the Stedelijk Museum will be returned to the heirs of its original Jewish owner, Irma Klein and Robert Lewenstein. The decision ends a years-long legal dispute; the painting was in the Stedelijk Museum collection since 1940 and is valued at about $22 million.
robbreport.com
Wassily Kandinsky Painting with Houses (1909) will be transferred from the Stedelijk Museum in Amsterdam to the heirs of its original Jewish owners, Irma Klein and Robert Lewenstein. The decision ends a years-long dispute over the painting’s restitution; the work was in the museum since 1940 and is now valued at about $22 million, with the original sale during the Nazi invasion cited in the court rulings.
Christie’s
Christie’s documents the market development behind Christie's announces the Collection of Lois B. Torf - Christie's. Its account reports that new York – Christie’s is pleased to present the collection of Lois B.
Christie’s
Christie’s documents the market development behind KEITH HARING’S UNTITLED (1984) WILL BE THE FIRST TANGIBLE ARTWORK TO BE OFFERED BY A MAJOR AUCTION HOUSE IN EUROPE AND THE AMERICAS WITH THE OPTION OF PAYING THE FINAL PURCHASE PRICE IN CRYPTOCURRENCY - Christie's. Its account reports that christie’s has a physical presence in nearly 50 countries throughout the Americas, Europe, Middle East and Asia Pacific, with flagship international salerooms in London, New York, Hong Kong, Paris and Geneva, offering free, public pre-sale exhibitions of objects being offered.