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February 2023 fine-art market intelligence

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Fine art

Recently Restituted Kandinsky expected to fetch $45 million at auction

artnews.com

Wassily Kandinsky, Murnau with Church II, 1910, is being auctioned by Sotheby’s after restitution to the original German-Jewish owners. The painting is expected to fetch around $45 million at Sotheby’s Impressionist and Modern Art Evening Sale in London on March 1. The work’s restitution involved Johanna Margarete Stern and Siegbert Samuel Stern’s heirs, with provenance traced to the Van Abbemuseum and a six-year legal battle; proceeds will support the Stern family’s remaining collection.

Fine art

A prized Kandinsky painting recently restituted to the heirs of a Jewish collector may fetch $45 million at Sotheby’s

news.artnet.com

Wassily Kandinsky's 1910 painting Murnau mit Kirche II is expected to fetch about $45 million at Sotheby’s London. The work was restituted to the heirs of its former Jewish owner, Johanna Margarete Stern, by the Van Abbemuseum after a 12-year dispute. The article notes the painting’s significance in Kandinsky’s development of abstract art and references the previous auction record of €33 million ($41.8 million).

Fine art

Sotheby’s March sales feature Kandinsky, Munch and Picasso

artsandcollections.com

The page discusses Sotheby’s London March sales featuring Kandinsky with Murnau mit Kirche II, Edvard Munch with Dance on the Beach and The Reinhardt Frieze context, and mentions the paintings’ histories and significance.

Fine art

Ronald S. Lauder reaches agreement on Klimt painting with Jewish heirs

nytimes.com

Ronald S. Lauder reaches an agreement to restitute and repurchase Gustav Klimt's painting “The Black Feather Hat” with the heirs of Irene Beran, who owned it before World War II. The work will remain with Lauder, who has held it for about 50 years, and terms of the purchase were not disclosed.

Fine art

Christie’s Old Masters total $62 million

salonprivemag.com

Christie’s offered Old Masters in January with two live sales; the Safra collection sale totaled $62,776,666. Top results included Jean-Baptiste Oudry drawings at $2.7 million, Turner and van Cleve pieces, and Goya’s Portrait of Doña María Vicenta Barruso Valdés and her mother at $16.42 million.

Fine art

Guggenheim sued over ownership of a Picasso painting

theticker.org

The Adler family sued the Solomon R. Guggenheim Foundation over the ownership of Pablo Picasso’s Woman Ironing, which Adler’s family purchased in 1916 and later sold under pressure during Nazi persecution; the painting later came to the Guggenheim after Thannhauser’s death in 1976 and has been on display since 1978.

Fine art

Ce chef-d'œuvre de Kandinsky pourrait établir un record

barnebys.fr

Wassily Kandinsky, Murnau avec église II (1910), est estimé à environ 45 millions de dollars et pourrait établir un record aux enchères à Londres, surpassant le précédent de White Line (1913) vendu par Sotheby’s en 2017.

Fine art

Musée d’Orsay ordered by Paris court to return four masterpieces by Renoir, Cézanne and Gauguin stolen during Second World War

theartnewspaper.com

The Paris administrative court ordered the Musée d’Orsay to restitute four masterworks by Renoir, Cézanne and Gauguin to the heirs of Ambroise Vollard, who owned the works before they were stolen during World War II. The pieces include two Renoir paintings, Gauguin's Still life with mandolin, and Cézanne's Undergrowth, with the court confirming Vollard's heirs’ ownership and the French state indicating it will not appeal.

Fine art

Musée d’Orsay ordered to restitute Renoir, Cézanne, Gauguin works

artnews.com

Renoir’s Marine Guernesey (1883) and a study for The Judgment of Paris, plus Gauguin’s Still Life with Mandolin (1885) and Cézanne’s Undergrowth (1890-1892) are ordered to be restituted to the heirs of Ambroise Vollard. The ruling follows years of legal action and confirms the paintings were stolen during World War II; the French State will not appeal.

Fine art

The musée d’orsay ordered to restitute paintings by cézanne, renoir, and gauguin stolen during world war ii

news.artnet.com

The article reports that a French court ordered the musée d’orsay to restitute four paintings by cézanne, renoir, and gauguin that were stolen and sold to the nazis following the death of art dealer ambroise vollard. The works include renoir’s Marine Guernesey and Judgement of Paris, cézanne’s Undergrowth, and gauguin’s Still life with mandolin, and ownership will transfer to vollard’s heirs after a decade-long legal battle.

Fine art

Robert Colescott's Miss Liberty surpasses $4 million at Bonhams Post-War & Contemporary Art sale

invaluable.com

Robert Colescott's Miss Liberty (1980) sold for $4.5 million at Bonhams Post-War & Contemporary Art sale in Los Angeles. The work was acquired by the Art Bridges Foundation. Other highlights included Franz Klein Untitled (circa 1951) at $138,975, Janet Fish's Purple Pitcher, Cakes and Peonies (1982) at $126,375, two Liza Lou Kitchen pieces (Ruffles, circa 1995 at $17,850 and Smacks, 1997 at $21,675), and DeWain Valentine Concave Crystal (1986) at $101,175.

Fine art

The Musée d’Orsay ordered to restitute paintings by Cézanne, Renoir, and Gauguin that were stolen during World War II

usaartnews.com

The article reports a French court ruling that the Musée d’Orsay must restitute four paintings by Paul Cézanne, Paul Gauguin, and Pierre-Auguste Renoir that were stolen and sold to the Nazis after Ambroise Vollard’s death. The works are Undergrowth by Gauguin (1890-1892), Still life with mandolin by Gauguin (1885), Marine Guernesey by Renoir (1883), and Judgment of Paris by Renoir (1908).

Fine art

Family Heirs Announce Restitution Agreement for Klimt Portrait

fineartconnoisseur.com

Ronald S. Lauder and the Beran family heirs announce a restitution agreement for Gustav Klimt's portrait The Black Feather Hat (1910). The work is described as oil on canvas, 31 1/8 by 24 13/16 inches, with provenance tracing back to Irene Beran and Alois Beran, including later exhibition history and current custodianship. No monetary amount is provided in the article excerpt.

Fine art

French court orders Musée d’Orsay to restitution of paintings stolen during World War II

smithsonianmag.com

Pierre-Auguste Renoir Marine Guernsey (1883) and a Renoir study (1908-1910) for the Judgment of Paris, Paul Gauguin Still Life With Mandolin (1885), and Paul Cézanne Undergrowth (1890-1892) are to be returned to the heirs of Ambroise Vollard. The four works were stolen during World War II and ended up at the Musée d’Orsay; a French court ordered restitution to Vollard’s heirs, with the state indicating it will not appeal.

Fine art

Kandinsky painting Amsterdam museum returned to Jewish family sold for €60 mil.

nltimes.nl

The Kandinsky painting Bild mit Häusern (1909) by Wassily Kandinsky was sold for over €60 million to a private collector after Amsterdam returned it to the heirs of its last Jewish owner. The sale was handled by a large auction house, with proceeds to be shared among the heirs and Mondex for looted art restitution.

Fine art

Heirs of Nazi-persecuted collector hail justice in auction of Edvard Munch painting

timesofisrael.com

The Times of Israel reports that the heirs of Prof. Curt Glaser and those of Norwegian shipowner Thomas Olsen will auction Edvard Munch's Dance on the Beach in London, with an expected price of $15–$25 million. The painting was sold under duress after Hitler’s rise to power, and the provenance involves Glaser and Olsen, both patrons of Munch, with Max Reinhardt having commissioned the work.

Fine art

Picasso and Magritte lead the 20th/21st century art London evening sales

christies.com

Pablo Picasso’s Femme dans un rocking-chair (Jacqueline) led the London Evening Sale with a price of £16,892,000. The 20th/21st Century: London Evening Sale totaled £128,952,500 and contributed to a combined evening total of £167,814,400, with seven artists setting auction records across the two sales. Other mentioned artists include Michaela Yearwood-Dan, Oscar Domínguez, Tyler Hobbs and Caroline Walker.

Fine art

Christie’s Market Update: ["OLD MASTERS TWO SALES TOTAL: $62,776,6660 - Christie's", 'OLD MASTERS TWO SALES TOTAL: $62,776,6660']

Christie’s

Christie’s documents the market development behind ["OLD MASTERS TWO SALES TOTAL: $62,776,6660 - Christie's", 'OLD MASTERS TWO SALES TOTAL: $62,776,6660']. Its account reports that françois de Poortere, Christie’s Head of Old Master Paintings, said, “The Old Masters market showed depth and strength today.

Fine art

Phillips to Unveil Its New Asia Headquarters and Host Inaugural Sales in Hong Kongs West Kowloon Cultural District in Spring 2023

Phillips

Phillips’s preserved release documents Phillips to Unveil Its New Asia Headquarters and Host Inaugural Sales in Hong Kongs West Kowloon Cultural District in Spring 2023 and details the principal works, sale terms, or market results.

Fine art

Christie’s Market Update: ["CHRISTIE’S ANNOUNCES INAUGURAL ART+TECH SUMMIT IN U.A.E AT ART DUBAI - Christie's", 'CHRISTIE’S ANNOUNCES INAUGURAL ART+TECH SUMMIT IN U.A.E AT ART DUBAI']

Christie’s

Christie’s documents the market development behind ["CHRISTIE’S ANNOUNCES INAUGURAL ART+TECH SUMMIT IN U.A.E AT ART DUBAI - Christie's", 'CHRISTIE’S ANNOUNCES INAUGURAL ART+TECH SUMMIT IN U.A.E AT ART DUBAI']. Its account reports that christie’s was an early leader in understanding the importance of the relationship between the art world and the tech sphere, presenting the first Art and Tech Summit in 2018 at its London headquarters.

Fine art

Christie’s Market Update: ["MEMORY OF A SURREAL JOURNEY: PROPERTY FROM AN IMPORTANT SAN FRANCISCO BAY AREA COLLECTION’COLLECTION OF 25 WORKS SHOWCASES POWERFUL DIALOGUE BETWEEN EUROPE, AMERICA AND LATIN AMERICA - Christie's", 'MEMORY OF A SURREAL JOURNEY: PROPERTY FROM AN IMPORTANT SAN FRANCISCO BAY AREA COLLECTION’COLLECTION OF 25 WORKS SHOWCASES POWERFUL DIALOGUE BETWEEN EUROPE, AMERICA AND LATIN AMERICA']

Christie’s

Christie’s documents the market development behind ["MEMORY OF A SURREAL JOURNEY: PROPERTY FROM AN IMPORTANT SAN FRANCISCO BAY AREA COLLECTION’COLLECTION OF 25 WORKS SHOWCASES POWERFUL DIALOGUE BETWEEN EUROPE, AMERICA AND LATIN AMERICA - Christie's", 'MEMORY OF A SURREAL JOURNEY: PROPERTY FROM AN IMPORTANT SAN FRANCISCO BAY AREA COLLECTION’COLLECTION OF 25 WORKS SHOWCASES POWERFUL DIALOGUE BETWEEN EUROPE, AMERICA AND LATIN AMERICA']. Its account reports that london – Christie’s will offer ‘Memory of a Surreal Journey: Property from an Important San Francisco Bay Area’, a collection of 25 works dedicated to showcasing the magical interpretations of the world by leading artists of the surrealist movement across Europe, Latin America, and America.

Fine Art

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