11 October 2021

Art@Law | Constantine Cannon

Europe

Another Botticelli hits the market: Sotheby’s to sell Botticelli’s The Man of Sorrows for in excess of $40m: Sotheby’s has announced that it will be selling The Man of Sorrows, a half-length panel painting of the resurrected Christ, thought to date from around 1500, which its marketing ambitiously claims is “the defining masterpiece of Botticelli’s late career.”

06.10.2021, The Art NewspaperAnother Botticelli hits the market: Sotheby’s to sell Botticelli’s The Man of Sorrows for in excess of $40m

Long-lost Klimt painting set to be exhibited in Italy for the first time following recovery: Gustav Klimt’s painting Portrait of a Lady (1917) will be exhibited for the first time following its dramatic discovery within the walls of the gallery from which it was stolen nearly 23 years ago. The painting was found in 2019 when a gardener working for Ricci-Oddi Modern Art Gallery in Piacenza, Italy, removed a metal panel on the venue’s exterior, revealing the Klimt, which had presumably been stowed away in the aborted theft.

05.10.2021,ARTnews: Long-lost Klimt painting set to be exhibited in Italy for the first time following recovery

$35 M. Peter Doig work could set auction record in November: As the market gears up for major sales next month, Christie’s has unveiled a consignment that could break a record for one of the biggest names in contemporary art, Peter Doig. Doig’s painting Swamped (1990), an example of the British artist’s merging of the abstract and figurative, features a single white boat floating amid pond weeds and tree stumps. Secured with a guarantee, it will hit the block in November during Christie’s contemporary art evening sale, where it is expected to fetch a price in excess of $35 million.

01.10.2021, ARTnews: $35 M. Peter Doig work could set auction record in November

Art collector sues NFT platform Nifty Gateway over Beeple auction: Amir Soleymani, who has had his Nifty account and assets frozen, has accused the platform of changing its terms of sale.

01.10.2021, The Art NewspaperArt collector sues NFT platform Nifty Gateway over Beeple auction:

United States

If passed, Bipartisan Bill offers $300 M. in grants for artists and public arts programming: The Creative Economy Revitalization Act (CERA), a new bipartisan bill that was introduced in August and brought before the Senate, will bring $300 million to workers in the creative economy if it is passed.

05.10.2021, ARTnews: If passed, Bipartisan Bill offers $300 M. in grants for artists and public arts programming

05.10.2021, The Art Newspaper: ‘Build back beautifully’: new bill aims to support arts jobs with $300m federal grants and commissions programme

Antiquities dealer pleads guilty for role in sale of looted items: The dealer, Nancy Wiener, acknowledged in court that she used fake provenances to cover for the murky histories of some items she sold.

05.10.2021, The New York Times:Antiquities dealer pleads guilty for role in sale of looted Items

A judge paves the way for scholar Marc Restellini’s lawsuit over ownership of valuable Modigliani research to move forward: A federal judge overseeing a complex lawsuit centered on the legacy of Italian artist Amedeo Modigliani handed a victory to scholar Marc Restellini amid a tense standoff with the New York-based Wildenstein-Plattner Institute (WPI).

04.10.2021, Artnet: A judge paves the way for scholar Marc Restellini’s lawsuit over ownership of valuable Modigliani research to move forward:

‘There is no reasonable doubt here’: a research team at Yale proves that the 15th-century Vinland Map is a 20th-century fake: The Vinland Map, once believed to be the earliest cartographic depiction of the New World, has been proven to be a modern forgery, confirming long-held suspicions. A team of conservators and scientists at Yale University in New Haven, Connecticut, conducted an in-depth analysis of the purported 15th-century map, determining that it was drawn with 20th-century inks.

04.10.2021, Artnet: ‘There is no reasonable doubt here’: a research team at Yale proves that the 15th-century Vinland Map is a 20th-century fake

The duo that invented the art world’s first crypto platform in 2014 is back with a tool to help galleries launch their own NFT marketplaces: The NFT bonanza has come full circle. In 2014, Monegraph became the first startup to give artists blockchain-backed tools to monetize their digital works. Today, Monegraph officially launched a new product that allows traditional galleries, auction houses, and artists to do everything that major third-party NFT marketplaces like OpenSea and Rarible do—only on their own websites and their own terms.

30.09.2021, Artnet: The duo that invented the art world’s first crypto platform in 2014 is back with a tool to help galleries launch their own NFT marketplaces

Legal battle over Frida Kahlo trademark dismissed in the US: A long-raging legal battle over the rights to Frida Kahlo’s legacy and image—which escalated in 2018 following the release of a Barbie doll made in the Mexican painter’s likeness—has come to a close in the US after being dismissed in the US District Court for the Southern District of Florida.

29.09.2021, The Art Newspaper: Legal battle over Frida Kahlo trademark dismissed in the US

World

NFTs drive sales of contemporary art to record £2.7bn: Contemporary art auctions rebounded to an all-time high of $2.7bn over the past year, boosted by online sales and the arrival of digital art in the form of “NFTs”, according to an annual report by Artprice.

04.10.2021, The Guardian: NFTs drive sales of contemporary art to record £2.7bn

Mexican special crime unit to hunt down illegally trafficked artworks: Mexico is to form a special crime unit dedicated to finding and repatriating looted artworks and antiquities, the Mexican president Andres Manuel López Obrador has said. The announcement was made during the opening of the exhibition La Grandeza de México at the Museo Nacional de Antropología this week following the successful recovery of various archeological pieces due to be sold in Italy.

01.10.2021, The Art Newspaper: Mexican special crime unit to hunt down illegally trafficked artworks

Met Museum to return ancient sculpture to Nepal: The Metropolitan Museum of Art announced that it will return a religious sculpture from the 10th century to Nepal after researchers found gaps in its provenance record. Experts of the region’s cultural history said that the icon was likely stolen from a temple shrine in the Kathmandu Valley nearly 50 years ago.

29.09.2021, The New York TimesMet Museum to return ancient sculpture to Nepal

30.09.2021, ARTnews: Met Museum to return 10th-century Sculpture to Nepal

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