30 July 2021

Art@Law | Constantine Cannon

Europe

Hitler’s bronze horses to become government property in legal settlement: Two bronze horses sculpted by Josef Thorak for Adolf Hitler’s New Reich Chancellery that were abandoned on a Soviet military base in East Germany will become government property after a legal settlement with the collector who acquired them, according to the German culture ministry.

27.07.2021, The Art Newspaper: Hitler’s bronze horses to become government property in legal settlement

French sales bouncing back after Covid impact: Sales figures or ‘bilan’ for the first half of this year have been released by some auction firms in France. They include Christie’s France which has reported sales totals of €205m including premium – representing a 137% increase over the €86.3m for the equivalent period in 2020 and a 147% increase over the €85.2m for the same period in 2019.

26.07.2021, The Antiques Trade Gazette: French sales bouncing back after Covid impact

German Nazi loot panel rejects heirs’ claim for Lovis Corinth portrait, keeping it in Berlin’s Stadtmuseum: A claim by the heirs of Robert Graetz, a Jewish textiles entrepreneur who died in the Holocaust, for a painting by Lovis Corinth in the collection of Berlin’s Stadtmuseum has been rejected by Germany’s Advisory Commission for Nazi-looted art. The commission said there was too little evidence that Graetz lost the work due to persecution and that there was a risk that a previous owner might have a stronger claim.

23.07.2021, The Art Newspaper: German Nazi loot panel rejects heirs’ claim for Lovis Corinth portrait, keeping it in Berlin’s Stadtmuseum

United States

New York court dismisses collector Michael Steinhardt’s lawsuit against Hirschl and Adler Gallery over a $12 million portrait: A New York Supreme Court judge has shot down a lawsuit filed by prominent collector and philanthropist Michael Steinhardt last fall. In his claim, Steinhardt accused the veteran Manhattan gallery Hirschl and Adler and its president, Stuart Feld, of fraud, breach of fiduciary duty, and unjust enrichment.

27.07.2021, Artnet: New York court dismisses collector Michael Steinhardt’s lawsuit against Hirschl and Adler Gallery over a $12 million portrait

Solar Project that threatened Michael Heizer’s double negative cancelled: Plans for a massive solar power plant that would possibly have occluded views from Michael Heizer’s 1969 Double Negative have been scrapped. The billion-dollar Battle Born Solar Project, which was to occupy 9,000 acres atop Mormon Mesa near Overton, Nevada, bowed out after residents campaigned against it, saying its impingement on the view from the iconic Land art work would deter tourists and thus (double) negatively affect the local economy. Those protesting worried that visitors to Double Negative, two fifty-foot-deep trenches spanning Mormon Mesa, remote natural plateau eighty miles north of Las Vegas, would have been able to apprehend the solar field within what is otherwise an unspoiled landscape.

26.06.2021, Artforum: Solar Project that threatened Michael Heizer’s double negative cancelled

What the US government sanctions of prominent Bulgarian art collector Vassil Bojkov mean for the art market: The US Treasury’s sanctioning of the prominent oligarch and art collector, Vassil Kroumov Bojkov, in June is the latest sign that international governments are showing increasing interest in the wealth moving around the art world.

23.07.2021, The Art Newspaper: What the US government sanctions of prominent Bulgarian art collector Vassil Bojkov mean for the art market

US galleries beginning to recover from pandemic: Galleries in the United States are beginning to see a glimmer of light at the end of the long, dark tunnel into which they were plunged last year, courtesy of Covid-19. According to the 2021 Covid-19 Impact Survey released today by the Art Dealers Association of America (ADAA), two-thirds of galleries surveyed said they planned to expand their rosters this year, with nearly half noting that their first-quarter 2021 earnings exceeded their expectations. Three-quarters of respondents said they planned to return to exhibiting at in-person art fairs.

20.06.2021, Artforum: US galleries beginning to recover from pandemic

World

Hermitage Museum to sell Monet, Leonardo paintings as NFTs: The State Hermitage Museum in St. Petersburg, Russia, is minting several masterpieces from its collection as NFTs. The sale of NFT versions of works by Claude Monet, Vincent van Gogh, and Leonardo da Vinci will take place at the end of August on the Binance online marketplace.

27.07.2021, Art News: Hermitage Museum to sell Monet, Leonardo paintings as NFTs

27.97.2021, The Art Newspaper: Hermitage museum mints Leonardo, Monet, Van Gogh NFTs to raise funds

Ancient rock art complex Hima listed as Saudi Arabia’s sixth Unesco World Heritage site: Saudi Arabia’s cultural credentials have been boosted further by the inclusion of Hima, one of the largest rock art complexes in the world, on Unesco’s World Heritage list. The site is the sixth to be enlisted in the country, joining the At-Turaif district in ad-Dir’iyah north-west of Riyadh and Hegra in Al-Ula, the sandstone landscape in the northwestern desert.

26.07.2021, The Art Newspaper: Ancient rock art complex Hima listed as Saudi Arabia’s sixth Unesco World Heritage site

Art market confidence hits seven-year high: Confidence in the market has reached its highest point since 2014, according to the industry analysis firm ArtTactic — welcome news as the art world heads into a still-uncertain summer break. Conducted in the first two weeks of July, the six-monthly survey of 113 industry insiders finds an overall confidence level of 80.6 (out of 100), up from 44.6 in November and an all-time low of 6 in May 2020. The report finds that the pandemic, while disruptive, has “also been a catalyst for transformational change in the art market, creating more resilient and innovative business models across the sector”.

22.07.2021, The Financial Times: Art market confidence hits seven-year high

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