09 September 2019

Europe

Leonardo Da Vinci May Have Painted Another ‘Mona Lisa.’ Now, There Is A Legal Battle Over Its Ownership: The “Isleworth Mona Lisa” bears an uncanny resemblance to her namesake in the Louvre. To some experts, these similarities suggest the painting is a mere copy, though a handful of art historians believe it to be an earlier, unfinished version by Leonardo da Vinci himself. This debate has lasted for decades. Today the portrait stands at the centre of a new dispute: an impending legal battle over its ownership.

07.09.2019, CNN Style: Leonardo Da Vinci May Have Painted Another ‘Mona Lisa.’ Now, There Is A Legal Battle Over Its Ownership

Sir Henry Price Grandsons Trace Joshua Reynolds Heirloom To Tokyo Museum: The heirs to a £1 million Joshua Reynolds painting have demanded its return from a Tokyo gallery. Two grandsons of Sir Henry Price have called on the Tokyo Fuji Art Museum (TFAM) to return the oil painting, which they say was stolen from the home of Lady Price in Newick, East Sussex, in 1984.

06.09.2019, The Times: Sir Henry Price Grandsons Trace Joshua Reynolds Heirloom To Tokyo Museum 

06.09.2019, The Art Newspaper: Art Recovery International Calls On Icom To Step In And Investigate ‘Stolen’ Reynolds Painting On Show In Japan 

07.09.2019, ARCA: The Interesting Fate Of Joshua Reynolds’ Painting “A Young Girl And Her Dog”, Stolen In 1984.  

Funding For Culture To Rise By 4.1% According To UK Government’s Spending Review: UK governmental funding for culture is to rise, following the recent spending review announcement by the Chancellor of the Exchequer, Sajid Javid. News of the one-year resource spending review, covering 2020-21, was overshadowed by the political crisis in Parliament over Prime Minister Boris Johnson’s Brexit plans.

05.09.2019, The Art Newspaper: Funding For Culture To Rise By 4.1% According To UK Government’s Spending Review 

Antiques Firms Urged To Register For EU Trade Permit As Potential No-Deal Brexit Looms: Trade associations are urging their members to apply for the required permit to continue importing and exporting with EU countries following Brexit on October 31.

03.09.2019, The Antiques Trade Gazette: Antiques Firms Urged To Register For EU Trade Permit As Potential No-Deal Brexit Looms 

Germany Returns Two Nazi-Confiscated Old Masters to the Heirs of a Renowned Jewish Art Collector: Germany has returned two late medieval panels to the heirs of a famous Jewish art collector. The religious paintings, which were in Berlin’s Gemäldegalerie (Old Master Gallery), originally formed part of the remarkable art collection of the Jewish businessman Harry Fuld Senior. They are the latest pieces of Nazi-looted art to have been successfully recovered by his heirs, although hundreds of items remain missing.

03.09.2019, Artnet: Germany Returns Two Nazi-Confiscated Old Masters to the Heirs of a Renowned Jewish Art Collector 

06.09.2019, Le Journal des Arts: L’Allemagne Restitue Deux Peintures Médiévales Confisquées Par Les Nazis 

How Ethical Can Museums Afford To Be?: Major UK museums are coming under increased scrutiny for accepting sponsorship and donations from sources that some regard as unethical. Recent high-profile protests have centred on funding from members of the Sackler family accused of profiting from the US opioid crisis, and the oil and gas giant BP.

03.09.2019, The Art Newspaper: How Ethical Can Museums Afford To Be?

Athens To Ask Boris Johnson For Elgin Marbles Loan In Swap Bid: The Greek government will appeal to Boris Johnson’s love of the ancient world to approve a loan of the Elgin Marbles to Athens in a temporary swap with other treasures.02.09.2019, The Times: Athens To Ask Boris Johnson For Elgin Marbles Loan In Swap Bid

United States

Restitution: Painting Of Ivan The Terrible By Artist Mikhail Panin: An oil painting, titled Secret Departure of Ivan the Terrible Before the Oprichina by artist Mikhail N. Panin, painted in 1911 will finally be going home almost 80 years after it went missing. The artwork had been stolen from the Ekaterinoslav City Art Museum during World War II and was only identified when it was consigned for sale in Alexandria, Virginia.

08.09.2019, ARCA: Restitution: Painting Of Ivan The Terrible By Artist Mikhail Panin

LAPD Seeks To Restitute Artwork Recovered From 1993 Hollywood Theft: The Los Angeles Police Department has found a trove of antiques and artworks, including pieces by Pablo Picasso and Joan Miró, that have been missing since a series of thefts that took place in Hollywood in 1993.

06.09.2019, Artforum: Lapd Seeks To Restitute Artwork Recovered From 1993 Hollywood Theft

04.09.2019, The Los Angeles Times: A Trove Of Art Stolen In The ’90s Has Turned Up. LAPD Is Looking For The Original Owners 

Sotheby’s Shareholders Vote to Approve Acquisition Deal, with Plan to Go Private by End of 2019: Sotheby’s shareholders voted on Friday morning in approval of the proposed acquisition of the auction house by Patrick Drahi, with 91 percent of voting shares counting in favor. An acquisition agreement was reached in June, for a deal that valued the company at $2.7 billion. Sotheby’s said the deal remains on track to close between October and the end of 2019.

05.09.2019, Art News: Sotheby’s Shareholders Vote to Approve Acquisition Deal, with Plan to Go Private by End of 2019 

06.09.2019, Le Journal des Arts: Les Actionnaires De Sotheby’s Adoubent Patrick Drahi

05.09.2019, Bloomberg: Sotheby’s Shareholders Approve $2.7 Billion Acquisition by Drahi 

Recovered: Stolen Portrait Of William Chester Of East Haddon Recovered After Almost 30 Years: Sometimes art is stolen with little public fanfare with the loss to owners never making newspaper headlines in quite the same way museum thefts do. This was the case almost thirty years ago when a thief or a group of thieves broke into the home of Judy Karinen in Hollywood Hills in 1991.  During that burglary, the culprit made off with a portrait of William Chester of East Haddon, painted around 1664, which Karinen had purchased for $4,000 in 1985.  

04.09.2019, ARCA: Recovered: Stolen Portrait Of William Chester Of East Haddon Recovered After Almost 30 Years 

A Billionaire Art Collector’s Lawsuit Against Gagosian Over Delayed Jeff Koons Works Can Proceed, a Judge Rules: Billionaire financier and Museum of Modern Art trustee Steven Tananbaum’s lawsuit against dealer Larry Gagosian over the delayed delivery of a multi-million-dollar sculpture by Jeff Koons can proceed, a New York state supreme court judge has ruled.

03.09.2019, Artnet: A Billionaire Art Collector’s Lawsuit Against Gagosian Over Delayed Jeff Koons Works Can Proceed, a Judge Rules 

US-China Trade War Expands To Books And Maps As Newly Increased Tariff Hits Art Imports: US and Chinese officials are struggling to schedule a meeting this month to continue their already fraught trade talks, but that did not stop a tariff on Chinese art and antiquities from going into effect on 1 September.

03.09.2019, The Art Newspaper: US-China Trade War Expands To Books And Maps As Newly Increased Tariff Hits Art Imports 02.09.2019, The Antiques Trade Gazette: US Tariffs On Chinese Art Widened To Include Books And Increased To 15%

World

Vote On ICOM’s New Museum Definition Postponed: After a long and divisive debate, the 25th General Assembly of the International Council of Museums (Icom) decided to postpone a vote on a new definition for museums. The decision was approved on 7 September in Kyoto by 70,4% of participants.

09.09.2019, The Art Newspaper: Vote On ICOM’s New Museum Definition Postponed 

Shanghai Himalayas Museum Founder Arrested For Illegal Lending Schemes: The Shanghai-based collector Dai Zhikang, founder of the $1.4 billion finance and real estate conglomerate the Zendai Group, surrendered himself to the police last week after being investigated for an embezzlement and illegal peer-to-peer lending scam involving Laocaibao, an online subsidiary of his firm.

06.09.2019, Artforum: Shanghai Himalayas Museum Founder Arrested For Illegal Lending Schemes

The Indonesian Economy Is Poised to Boom. Can Art Jakarta Capitalize on Its Potential?: The fairground of Art Jakarta was buzzing last week as crowds of collectors and art professionals from nearby and abroad filtered into the newly refurbished Jakarta Convention Center in the heart of the Indonesian capital.

05.09.2019, Artnet: The Indonesian Economy Is Poised to Boom. Can Art Jakarta Capitalize on Its Potential? 

MCH Group sells India Art Fair to Angus Montgomery Arts: After nearly a year of uncertainty, MCH Group, the Swiss-based owner of the Art Basel franchise, has sold its majority stake in India Art Fair (IAF) to Angus Montgomery Arts, making it the sole-owner of the Delhi event.

03.09.2019, The Art Newspaper: MCH Group sells India Art Fair to Angus Montgomery Arts 04.09.2019, Le Journal des Arts: Le Propriétaire d’Art Basel Cède Toutes Ses Parts Dans l’India Art Fair

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