Displaying items by tag: consigned

This story is the stuff of film. An Auguste Rodin statue that was stolen from a Beverly Hills mansion 24 years ago was finally recovered after it popped up at a Christie's auction. The work, which was estimated to sell for around $100,000, had been consigned and was subsequently withdrawn.

Now, following a settlement brokered with the help of London-based Art Recovery Group led by CEO Christopher Marinello, the statue, Young Girl With a Serpent (circa 1886), will be consigned for sale this year, with no claims to hinder it.

A temporary export ban has been placed on an early 17th-century painting, one of the most refined of the paradise landscapes by Flemish artist Jan Brueghel the Elder, in an attempt to keep it in the UK.

"The Garden of Eden With the Fall of Man" (1613), an oil on copper work measuring just 23.7cm by 36.8 cm, was set to go overseas after selling at Sotheby’s in London in July for £6.8 million, more than double the top estimate. It had been acquired by Algernon Percy, the fourth Duke of Northumberland, in 1853 and had hung in Alnwick Castle but was recently consigned for sale by the present Duke of Northumberland.

Sometime after 1994, a former employee of Sweden’s National Library stole approximately 56 rare antique books once belonging to the country’s royal family. The thief, Anders Burius, eventually confessed to the theft, consigned the objects to the German auction house, Ketterer Kunst, and subsequently committed suicide.

In 1998, investigators were able to track 13 of the stolen volumes from Ketterer Kunst to the U.S. where Stephan Loewentheil, a Baltimore-based book dealer, bought two of the volumes, unaware that they were stolen. On Wednesday, July 24, 2013, the FBI were finally able to return the objects to the Swedish government, whereby officials honored Loewentheil for his assistance in recovering the books.

The recovered books include a 19^th century German volume about the Mississippi River by Henry Lewis and a 17^th century French book about the Louisiana territory by Louis Hennepin. The latter features the first published description of Niagara Falls and the first published landscape of the Louisiana Territory.

While Sweden and the National Library are thrilled to have the volumes back, a large portion of the works stolen by Burius are still missing.

In 2006 The Cardsharps was sold to the late collector and scholar Sir Denis Mahon for just over $65,000 at an auction at Sotheby’s in London. At the time of the sale, Sotheby’s identified the work as being by a “follower” of the Italian master, Caravaggio (1571-1610). However, after his purchase, Mahon identified the work as a Caravaggio original and obtained an export license for the work that put its value at $15.5 million according to a claim filed at London’s High Court of Justice.

Due to their failure to identify The Cardsharps as an authentic Caravaggio painting, Sotheby’s is being sued by Lancelot William Thwaytes, who consigned the work to the 2006 auction. Thwaytes is now seeking unspecified damages, interest, and costs relating to the price difference between the painting’s 2006 selling price and what he believes it was actually worth on the open market that year had it been properly attributed to Caravaggio. Thwaytes claims that Sotheby’s was negligent in its research prior to the work’s sale, leading to its extraordinarily low selling price.

However, Sotheby’s stands behind its belief that the painting is a copy and not a work by Caravaggio’s hand, citing Caravaggio expert Professor Richard Spear and several other leading scholars. Sotheby’s added that their view was supported by the market’s reception to the painting when it was put up for auction.

Mahon, who passed away in 2011, donated 58 works from his collection worth around $155 million to various U.K. galleries.

Sotheby’s hosted a number of sales in Hong Kong this past week. On October 7^th, 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 20^th 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.