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January 2025 fine-art market intelligence

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Fine art

The story of Gustav Klimt’s Adele Bloch-Bauer, the woman in gold

christies.com.cn

Gustav Klimt’s 1907 portrait Adele Bloch-Bauer I, known as Woman in Gold, is discussed in Christie's story about its restitution after Nazi looting and the subsequent legal battles leading to ownership in the United States and Austria. The article covers Adele Bloch-Bauer, Ferdinand Bloch-Bauer, Maria Altmann, Randol Schoenberg, Arnold Schoenberg, Ronald Lauder, and the Belvedere Museum, and mentions the arbitration in Vienna and the U.S. Supreme Court involvement.

Fine art

Sotheby’s names Masumi Shinohara to lead Asia operations

news.artnet.com

Masumi Shinohara is named managing director for Asia at Sotheby’s, moving from head of Japan. Nathan Drahi, ongoing Asia MD, will relocate to New York with details of his new role to be announced. The announcement notes Shinohara began January 1, reporting to CEO Charles Stewart, and relocating to Hong Kong from Tokyo, working with Asia leadership including Wendy Lin, Nicolas Chow, Jen Hua, and Jasmine Prasetio.

Fine art

Documentary on Jewish dealer Max Stern’s collection exposes answers and absurdity

theartnewspaper.com

The Art Newspaper reports on the documentary The Spoils (2024), which examines two exhibitions in Düsseldorf about Max Stern’s art collection, including Stern’s forced sale in 1937 and the subsequent restitution debates. The piece notes Stern’s persecution, the sells through Lempertz, and his eventual settlements in Montreal, with coverage of Düsseldorf’s exhibitions and the involvement of the Max Stern Art Restitution Project.

Fine art

The modernist portrait that set Constantin Brancusi’s auction record

heni.com

Constantin Brancusi’s La Jeune Fille Sophistiquée (portrait De Nancy Cunard) (1932) sold for $71 million at Christie's New York on May 15, 2018, setting a new auction record. The piece, conceived in 1928 and cast in 1932, was acquired directly from the artist and later involved figures such as Nancy Cunard, Tristan Tzara, Marcel Duchamp, and Elizabeth Stafford; previous record was La Muse Endormie (1909) sold for $57.37 million at Christie’s in 2017.

Fine art

The gold leaf painting that set Agnes Martin's auction record

heni.com

Agnes Martin, Grey Stone II (1961), sold for $18.72m at Sotheby's in New York on November 8, 2023. The work is one of only four paintings by Martin that used gold leaf. It helped set a new auction record for the artist, surpassing her previous record by $989,700.

Fine art

More Than $200 million worth of stolen paintings secured by French authorities

news.artnet.com

The Paris court secured 135 stolen paintings valued at over €200 million ($208 million) for the family of Uthman Khatib, part of a larger 1,800-piece collection purportedly taken from a German storage facility in 2019. The works include pieces attributed to Kazimir Malevich, Wassily Kandinsky, El Lissitzky, and Natalia Goncharova.

Fine art

The Woman With a Fan Who Set Gustav Klimt's Auction Record

heni.com

Gustav Klimt's Dame mit Fächer (Lady with a Fan) (1917-18) sold for $108.7m (£85.31m) at Sotheby's in London on June 27, 2023, to a Hong Kong collector after a ten-minute bidding war. The painting previously last sold at Sotheby’s in New York in 1994 for $11.66m, setting Klimt's prior auction record. The sitter's identity is unknown, with speculation it may be model Johanna Staude.

Fine art

The family portrait that set Lucian Freud's auction record

heni.com

Lucian Freud's Large Interior, W11 (after Watteau) (1981-83) sold for $86.27m at Christie's in New York on November 9, 2022. The painting, based on Watteau, features Freud's circle including Celia Paul, Suzy Boyt, her son Kai, and Bella; a girl named Star lies on the floor. The sale surpassed Freud's prior record of $56.16m set by Benefits Supervisor Resting (1994) at Christie’s in New York.

Fine art

Raising the curtain on Barry Humphries’s collection of art and literature — in which Wilde, Beardsley and Conder jostle for centre stage

Christie’s

The Australian showman was a passionate collector, with a particular fondness for the louche literati of 1890s London and the paintings of his fellow antipodean Charles Conder. Jonathan Bastable trains the spotlight on the objects he treasured

Fine art

The birth of modernism in Brazil: ‘A young, ambitious nation trying to express itself’

Christie’s

A new show at London’s Royal Academy, Brasil! Brasil!, charts the emergence of artists such as Tarsila do Amaral, Anita Malfatti, Djanira and Alfredo Volpi — inspired by their encounters with Europe’s avant-garde, but also channelling Brazil’s vibrant indigenous cultures

Fine art

The inside track on Outsider Art — the artists to know

Christie’s

Head of Outsider Art Cara Zimmerman profiles the most significant artists of the category. Their genre-defying works tell powerful stories of adversity and triumph

Fine Art

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