Heinz Berggruen sold his private art collection to the German Government at a signing ceremony with German Chancellor Gerhard Schröder. The collection features paintings by Picasso, Paul Klee, Henri Matisse, Vincent van Gogh and Paul Cezanne across multiple periods.
Picasso’s Femme aux bras croisés sold for $55.6-million at Christie’s in New York, setting a new record for the artist. The sale occurred during an otherwise flat auction where nearly half of the major works went unsold.
Picasso blue-period painting Femme aux Bras Croisés sold for a record $55m (£38.8m) at Christies in New York, twice its pre-sale estimate of £17m and the fifth most expensive painting sold at auction. The sale drew attention amid a price-fixing scandal involving Christie's and Sothebys, with 58% of lots sold and total sale value around £100m.
Christie’s international auction sales totaled $1.172 billion for January to June 2000, with the period’s results showing a 16 percent increase over the previous year. The top lot was Picasso’s Nature morte aux tulipes, which realized $28,606,000 at the Twentieth Century Art sale in Rockefeller Center.
Francis Bacon’s Tangled Web discusses the estate of Francis Bacon suing Marlborough Fine Art over alleged dealer chicanery, with details of Bacon’s Dublin studio installation and related art-world scrutiny. The article is by Michael Shnayerson and centers on the dispute eight years after Bacon’s death in 1992, as well as the process of cataloging his studio’s belongings by curators.
Caja Madrid acquired the Rubens painting Diana and her nymphs hunting for 4.5 million euros (about 750 million pesetas) at Christie’s in London and will loan it to the Prado Museum as tax payment. The work came from the Infantado ducal collection and was painted between 1636 and 1637 for King Felipe IV.
Publisher Si Newhouse resigns from the Museum of Modern Art board after buying a 1913 Cubist Picasso painting that had been deaccessioned. The artwork, Man with Guitar, was sold to raise funds and Newhouse reportedly purchased it for $10 million.
Nouveau succès pour Cheverny reports the annual sale at the château de Cheverny, featuring a Fauve painting by Vlaminck selling for 11.4 million francs and a Monet Etretat previously sold for 14 million francs in 1999, along with a Picasso drawing selling for 800,000 francs and antique furniture including a BVRB lacquer commode at 2.5 million francs and a amber goblet at 1.2 million francs.