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Thursday, 18 October 2012 16:27

Getty Institute Buys Knoedler Gallery Archive

165 years ago, the Knoedler Gallery opened its doors in New York and went on to help create some of the country’s most celebrated collections including those of Paul Mellon, Henry Clay Frick, and Robert Sterling Clark. Throughout the years, top-notch works by artists such as van Gogh, Manet, Winslow Homer, John Singer Sargent, Louise Bourgeois, and Willem de Kooning passed through the gallery. When the Soviet government sold hundreds of paintings from the State Hermitage Museum in Leningrad in the 1930s, they chose to work with Knoedler to sell paintings by masters like Rembrandt, Raphael, and Velazquez.

Knoedler’s exemplary past is often forgotten as the gallery’s present has been mired in lawsuits and accusations that the company’s former president, Ann Freedman, was in the business of selling fakes. Last year, Knoedler Gallery closed its doors for good.

This week, Los Angeles’ Getty Research Institute announced that it had bought the Knoedler Gallery archive. Spanning from around 1850 to 1971, the archive includes stock books, sales books, a photo archive and files of correspondence, including letters from artists and collectors, some with illustrations. The Getty was interested in Knoedler’s archive because it offers an expansive glimpse into the history of collecting and the art market in the United States and Europe from the mid-19th century to modern times.

The archive was purchased from Knoedler’s owner, Michael Hammer, for an undisclosed amount. Meticulously preserved, the archive will be available to scholars and digitized for online research after the Getty catalogues and conserves it all.

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Thursday, 18 October 2012 13:16

$8 Million Miro Sells at FIAC

The International Contemporary Art Fair (FIAC) starts today in Paris and runs through Sunday, October 21. One of the largest forums for contemporary artists, galleries, and dealers, the FIAC encompasses a number of events across the city at the Grand Palais, the Louvre Museum, the Tuileries Gardens, and various other locations.

The Grand Palais portion of the FIAC is held on two floors and features 182 dealers of modern and contemporary art from around the world. Last night’s preview, which is considered a litmus test of the art market’s strength, hosted a number of notable sales. Joan Miro’s Surrealist abstract Peinture (Le Cheval de Cirque) (1927) was sold by Helly Nahmad Gallery (New York) for $8 million and Lucio Fontana’s Concetto Spaziale, Attese (1967–68) was sold by Paris’ Tornabuoni Arte for $2.36 million.

A number of high-profile collectors were in attendance including French billionaires Francois Pinault and Bernard Arnault, U.S. collector Alberto Mugrabi, and Turkish collector, Omer Koc. If the preview is any indication of the how the fair will proceed, it should be any exciting next few days in Paris.

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Major paintings by such artists as Pablo Picasso, Claude Monet, and Henri Matisse were stolen from Rotterdam’s Kunsthal Museum on Tuesday. The thieves, who ransacked the museum in the early hours of the morning made off with seven works that may total hundreds of millions of dollars.

The heist is the largest in years for the Netherlands and includes Picasso’s Tete d’Arlequin, Matisse’s La Liseuse en Blanc et Jaune, Monet’s Waterloo Bridge, London and Charing Cross Bridge, London, Gauguin’s Femme devant une fenetre ouverte, dite la Fiancee, Meyer de Haan’s Autoportrait, and Lucian Freud’s Woman with Eyes Closed.

The works belong to The Triton Collection, a private collection that is being shown to the public for the first time ever as part of the Museum’s 20th anniversary celebration. The Triton Collection was assembled over a twenty-year period and includes 150 works of modern art spanning from the 19th century to the present day.

The Kunsthal’s alarm went off at 3AM and Rotterdam police have secured evidence from the scene. The police are speaking with potential witnesses and investigators are looking into the security camera footage.

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Sotheby’s hosted a number of sales in Hong Kong this past week. On October 7th, the Modern and Contemporary Southeast Asian paintings sale achieved $15.5 million, soaring past the pre-sale estimate of $5.8 million. The sale achieved the highest auction total for this category and the painting Fortune and Longevity by Lee Man Fong, an Indonesian modern master, set a record for any Southeast Asian painting when it sold for $4.4 million. The final price for the painting was almost three times the pre-sale estimate.

The Contemporary Asian Art sale totaled $15.1 million and Tiananmen No. 1 by Chinese symbolist and surrealist painter, Zhang Xiaogang, was the top lot at $2.69 million. Liu Wei’s Revolutionary Family Series – Invitation to Dinner was the second highest sale at $2.24 million, a world record price at auction for the Beijing-based artist who works in various mediums including video, installation, drawings, sculpture, and painting.

The 20th Century Chinese Art sale brought in $24.6 million and sold 90% by lot. Works from Europe, the United States, and around Asian sold well and many were above their pre-sale estimates. The top lot was Potted Chrysanthemums by the Chinese modern art pioneer, Sanyu, which sold for $3.99 million.

The following day, the Fine Chinese Paintings sale totaled $53.2 million, the highest of the four art auctions. Offering many works from private collections, the total sale was more than double the pre-sale estimate and sold 97.2% by lot. The two top lots at the auction, Zhang Daqian’s Swiss Peaks; Calligraphy in Xingshu and Fu Baoshi’s Lady at the Pavillion, both sold for $2,974,278.

Last year China beat out the United States as the world’s largest art and antiques market and the autumn sales reflect that power swap. There was a bit of controversy when a 60-year-old Taiwanese Buddhist sister demanded that a $1.65 million sale be halted at the Fine Chinese Paintings auction. Sotheby’s canceled the sale of a painting by Zhang Daqian after Lu Chieh-chien requested a court hearing to prevent bidding on Riding in the Autumn Countryside (1950) which she claims was the property of her family and had been consigned without consent.

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Concurrent Rockwell Kent (1882–1971) exhibitions will open at St. Lawrence’s University’s Richard F. Brush Art Gallery and Owen D. Young Library on October 15. An American painter, printmaker, illustrator, and writer, Kent spent most of his adult life living and working at Asgaard Farm in New York’s Adirondack Mountains. A prominent artist, author, activist, and adventurer, Kent was one of the most noted figures of his time.

The two St. Lawrence exhibitions will present key areas of Kent’s multi-faceted career as a painter and printmaker. A student of William Merritt Chase and Robert Henri, Kent’s early paintings exhibit an impressionistic style and simple three-plane composition that anticipated his later, more modern inclinations to simplify his paintings’ compositions. A select group of books highlight Kent’s preeminence as one of the finest illustrators of his time. The prints and drawings on view show Kent’s mastery of chiaroscuro and his knack for reworking original imagery into everything from commercial greeting cards and advertisements to seals and pottery.

Rockwell Kent: The Once Most Popular Artist includes nearly 75 works spanning Kent’s entire artistic career as well as his varied endeavors into different mediums. Kent specialist, Scott R. Ferris, who will also give a lecture at the exhibitions opening on October 15, curated the show. The Once Most Popular Artist will be on view through December 14, 2012.

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Starting in the 1950s, Rudolph and Hannelore Schulhof began building a 20th century art collection that has become the source of much speculation after the widowed Hannelore died this past February. Boasting nearly 350 works in total, Christie’s will auction 63 pieces from the collection including works by Joan Miro, Ellsworth Kelly, and Robert Indiana as part of its Impressionist and Modern Art Works sale and its Post-War and Contemporary Art sale in November. The sale is expected to bring in about $25 million. Christie’s will open the doors to the Schulhof’s Long Island mansion on Saturday, September 21 and Sunday, September 22 from 10AM to 5PM. Visitors will get a glimpse of an extraordinary, museum-quality collection. In fact, 100 of the works had previously been promised to three museums including the Peggy Guggenheim Collection in Venice as well as the Israeli Museum in Jerusalem and the Whitney Museum of American Art in New York.

The Sculhofs met in Vienna right before the start of World War II and married in Brussels in 1940. After traveling to the United States with extended family, Rudolph launched what would become a fine art reproduction company. When the couple first started collecting they tended to go after established names but were cajoled by the art dealer, Justin Thannhauser, to consider the art of their own time. As the Schulhof’s company had an office in Milan, they would frequent the city’s galleries as well as the Venice Biennale on their visits to Italy. It was on one of these trips that the Schulofs met the prominent American art collector, Peggy Guggenheim. A longtime friendship ensued, resulting in rapports with the artists themselves and the couple’s generous posthumous gift of 83 works to Guggenheim’s Venice institution. Another 200 artworks will remain in the Schulhof’s home and the family will decide on distribution in the future.

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Tuesday, 11 September 2012 17:14

The Market for Surrealism is Sizzling

As the wider Impressionist and modern market slowly withers on the auction vine — the victim of a paucity of first-rate material — the international market for Surrealism has started to sizzle. Interest in the erotically preoccupied mid-century movement languished for decades as collectors lavished money and attention on Impressionist and Fauve art. Yet in the last two years, works by the handful of brand name artists associated with Surrealism — Salvador Dalí, Max Ernst, René Magritte, and Joan Miró — are taking center stage.

In June at the Christie’s London Impressionist and modern sales, for example, Magritte’s darkly menacing “Les jours gigantesques,” 1928, depicting a violent struggle between a clothed man and a naked woman and remarkable for the illusionistic effect of one body superimposed on and merging with the other, sold to the New York financier Wilbur Ross for £7.2 million ($11.3 million) on an estimate of £800,000 to £1.5 million. Ross outgunned a posse of competitors, including London dealer Daniella Luxembourg.

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When was the last time an expert from a top auction house dispensed with longtime allegiances and joined forces with someone from the enemy camp? In the fiercely competitive world of Sotheby’s and Christie’s, such an occurrence is rarer than a prized Vermeer.

But for months now there have been rumors that a new powerhouse partnership was in the works, one that would replace Giraud, Pissarro, Ségalot, the superprivate superdealer that pulled off so many big transactions and whose business began winding down soon after Franck Giraud, one of its partners, announced that he was leaving to “explore options inside the art world and out.”

The players making up this new venture, however, had been something of a guessing game.

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A prophet in the wilderness of modernity, the photographer Robert Adams has devoted almost five decades to decrying what fecklessly industrious humans have done to the landscape of the American West.

“Robert Adams: The Place we Live,” a splendid retrospective exhibition of more than 250 prints dating from the 1960s to 2009 at the Yale University Art Gallery here, surveys an oeuvre that is as compelling for its understated style as for its moral ferocity. Accompanied by a beautiful three-volume catalog produced by Yale University Press in collaboration with Mr. Adams, the exhibition was organized by Joshua Chuang, the gallery’s assistant curator of photographs, and Jock Reynolds, its director.

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Wassily Kandinsky, the Russian-born painter famous for his vibrant colors and early abstract techniques, is set to break records at Christie's this November. His 1909 painting "Study for Impression 8" was recently announced as the "first star lot" of the auction house's upcoming Impressionist and Modern Art sale, boasting an estimated price tag of $20-$30 million, according to Reuters.

"Study for Impression 8" is being sold by the Volkart Foundation, the charitable trust of 160-year-old Swiss commodities trading firm Volkart Brothers. After having spent time on loan to numerous art museums like London's Tate Modern and Musée des Beaux-Arts in Montréal, it's now poised to become Kandinsky's most expensive masterpiece, beating out his "Study for Improvisation 3," which sold for a whopping $16.9 million at Christie's in 2006, and the reigning auction record holder "Fugue," which went for $20.9 million at Sotheby's in 1990.

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