Displaying items by tag: inherited

Catherine Hutin-Blay, the daughter of Pablo Picasso’s (1881-1973) second wife, claims that a handyman stole over 400 of the artist’s sketches and watercolors from her. Hutin-Blay inherited a sizable chunk of Picasso’s oeuvre when her mother passed away as well as the home in the south of France where her stepfather and mother are buried.

Hutin-Blay believes that between 2005 and 2007 Freddy Munchenbach made off with 407 Picasso originals. She became suspicious after a number of works surfaced at auction in 2011. Munchenbach worked as a handyman for Hutin-Blay as well as the daughter of Picasso’s art dealer, who noticed pieces were missing from her own collection.  

The works, which are said to be worth less than $3,000 altogether, carry a much lower estimate than other Picasso works. The thief will most likely be unable to sell the works as collectors rarely buy art lacking authenticity, provenance and a legal title.

The Rijksmuseum in the Netherlands purchased a rare antique Japanese chest once used as a television stand for $9.5 million. London’s Victoria and Albert Museum had been searching for the 17^th century lacquer chest, one of only ten in the world, since 1941.

The saga of the chest began in 1640 when the head of the Dutch East India Company’s Japanese office commissioned the chest along with three others just like it. All four of the chests were later sold to a French diplomat who passed two of the works off to the British poet William Beckford. Beckford, whose daughter was married to the Duke of Hamilton, inherited the chests and they became part of the Hamilton Palace’s collection. During a sale in 1882 to raise funds for the palace’s upkeep, the Victoria and Albert Museum purchased one of the chests while the other eventually went missing. What the museum didn’t know was that an unassuming Shell Oil engineer had purchased the missing chest in 1970 for a mere $150. The elusive chest was used as everything from a television stand to a storage cabinet until auctioneer Philippe Rouillac and his brother, Aymeric, recognized it.  

While the Victoria & Albert Museum would have liked to have been able to bid on the chest when it went to auction, they simply didn’t have the funds. Julia Hutt, curator of the V&A’s East Asian department, said, “I was delighted to hear the Rijksmuseum had won the auction – it is a very fitting home for the chest.”

The children of the New York art dealer, Ileana Sonnabend, have donated Robert Rauschenberg’s mixed media assemblage, Canyon (1959), to the Museum of Modern Art in New York. While the acquisition is a welcomed addition to MoMA’s existing Rauschenberg collection, the work wasn’t always so warmly regarded.

The Sonnabend heirs received Canyon after their mother’s death in 2007 and the work was soon at the center of a battle between MoMA and the Metropolitan Museum of Art, where the piece had been displayed intermittently since 2005. MoMA ramped up its efforts and promised to add Ms. Sonnabend’s name to the Founders Wall in the museum’s lobby. Officials also vowed to mount an entire show devoted to Canyon as well as Sonnabend, an important player in the modern art movement. While the Met made offers of their own, the Sonnabend family ultimately decided that MoMA was the right home for the work considering the expansive Rauschenberg collection already in the institution’s possession.

Sadly, this is not the first dramatic episode Canyon has been involved in. When the Sonnabend children inherited the work five years ago, appraisers valued the assemblage at $0. The presence of a stuffed bald eagle, a bird that is protected by federal laws, halted any possible sales of trades involving the work. The I.R.S., on the other hand, shrugged this off and claimed that Canyon was worth $65 million and demanded that Sonnabend’s family pay $29.2 million in taxes and another $11.7 million in penalties.

Eventually, a settlement was worked out and I.R.S. dropped all tax charges. In order for this to happen, the Sonnabends were required to donate Canyon to a museum where it could be put on public display. Canyon will be on view at MoMA beginning today, November 28.