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eu.tuscaloosanews.com
The article discusses Sotheby's sale of more than 40 Impressionist and modern paintings from the Whitney collection in New York, with an estimated price range of 140 million to 190 million dollars. It mentions works by Manet, Degas, Monet, and Sargent and a Picasso “Boy With a Pipe,” notes the Whitney heirs, and states proceeds will benefit the Greentree Foundation.
theartnewspaper.com
Roland Dumas and Jacques Tajan are ordered to trial for abuse of confidence related to proceeds from Giacometti estate sales. The case concerns funds allegedly retained by Tajan from 18 Giacometti estate pieces sold in the mid-1990s to cover costs, with Dumas as executor and implicated in overcharging fees.
artforum.com
The article discusses a deal between Boston’s Museum of Fine Arts and Bellagio hotel in Las Vegas, which guarantees the MFA at least one million dollars for loaning twenty-one Monet paintings. It notes the exhibition Monet: Masterworks From the Museum of Fine Arts, Boston has attracted strong attendance since January 30, with eighteen thousand visitors in the first ten days and potential for revenue to exceed a million dollars by the show’s September end.
wanafoto.blogspot.com
Ed Ruscha photographs were acquired by the Whitney Museum of American Art with the support of The Leonard and Evelyn Lauder Foundation, Tom and Diane Tuft, and a gift of unique early works. The collection encompasses 456 objects, including prints from Twentysix Gasoline Stations, Various Small Fires and Milk, Some Los Angeles Apartments, Thirty-Four Parking Lots in Los Angeles, Royal Road Test, Babycakes with Weights, and Real Estate Opportunities, plus over 300 vintage photographs from a 1961 Europe tour.
theartnewspaper.com
Ely Sakhai, owner of Art Collection and Exclusive Art near Union Square, was released on $1 million bail while facing forgery allegations. The complaint alleges he bought paintings by Chagall and Renoir, forged them, sold the forgeries, then sold the genuine works at public auction, effectively profiting twice. Notable cases cited include Chagall La nappe mauve and a Gauguin Vase de fleurs (lilas), with involvement at Christie’s London and Sotheby’s, and a later Paul Klee work "Palaste" linked to the forgery scheme.
theartnewspaper.com
The Art Newspaper reports that MoMA is selling nine works from its permanent collection at Christie’s New York on May 4 and 11, 2004, including pieces by Chagall, De Chirico, Léger, Magritte, Picasso and Pollock, with an estimated total of up to $27.9 million. The sales are framed as funding for new acquisitions, though they risk controversy and reflect MoMA’s ongoing deaccessioning under director Glenn Lowry.
thetimes.com
The Times article notes Jasper Johns as America’s greatest living artist and the most expensive living artist, with his Gray Numbers selling for $40 million. It also mentions Cy Twombly’s Lepanto selling for over $20 million, Lucian Freud’s Large Interior W11 (after Watteau) selling for $5.8 million in 1998, Robert Rauschenberg’s Factum II for $12 million, Brice Marden’s Cold Mountain painting for $10 million, Bruce Nauman’s Henry Moore Bound to Fail for $9.9 million, and Gerhard Richter’s works fetching $9–$10 million.
latimes.com
Pablo Picasso's Boy With a Pipe, a Rose Period portrait, is expected to fetch about $70 million at Sotheby’s in New York, potentially surpassing Vincent van Gogh’s Portrait of Dr. Gachet sold for $82.5 million in 1990. The painting’s provenance from the estate of John Hay Whitney and Betsey Cushing Roosevelt Whitney is noted as adding value, with auction houses banking on the Picasso’s high quality and collector interest.