The Art Market: in an uncertain climate: The art market crept unwillingly back to school this week with many unsure of what to expect in the coming months. Sales volumes fell considerably before the summer break, while the unknown impact of Brexit and the now-looming US election mean that sellers are still biding their time.
09.09.2016, The Financial Times: The Art Market: in an uncertain climate
Art Auction Houses Want to Deal: With the market likely soft in the fall, sellers with valuable artworks can negotiate for incentives.
11.09.2016, The Wall Street Journal: Art Auction Houses Want to Deal
Heirs of a Matisse Subject Sue National Gallery London for Return of Allegedly Stolen Portrait: A portrait by Henri Matisse hanging in the National Gallery of London is the subject of a lawsuit by the subject’s heirs, who claim that the painting was looted during World War II. They filed a suit in US District Court, Southern District of New York, for return of the painting on September 6, and claim damages in excess of $30 million.
09.09.2016, Artnet News: Heirs of a Matisse Subject Sue National Gallery London for Return of Allegedly Stolen Portrait
Spain’s Most Established Pop Artist Faces Authorship Lawsuit: The artist Antonio de Felipe, arguably Spain’s most established contemporary Pop artist, is facing one of the most challenging moments of his career: Fumiko Negishi, a Japanese artist based in Spain, has launched a lawsuit claiming she has painted 221 canvases signed by De Felipe.
13.09.2016, Artnet News: Spain’s Most Established Pop Artist Faces Authorship Lawsuit
Germany Proposes New Fund to Acquire Nationally Significant Art: German culture minister Monika Grütters has outlined plans for the creation of a national multimillion Euro fund for the acquisition of culturally significant artworks.
12.09.2016, Artnet News: Germany Proposes New Fund to Acquire Nationally Significant Art
Sotheby’s Agrees With Largest Shareholder on Search for Director: Sotheby’s agreed with its largest shareholder, China’s Taikang Insurance Group, to find an independent director for the auction house’s board.
09.09.2016, Bloomberg: Sotheby’s Agrees With Largest Shareholder on Search for Director
12.09.2016, Artnet News: Sotheby’s In Search of Independent Director With Help From Major Investor
How the disapproval of ivory affects the art trade: A new ban on ivory sales in France has riled antique dealers, who think that the complex rules governing the trade in certain materials are becoming a hindrance rather than a help.
09.09.2016, The Financial Times: How the disapproval of ivory affects the art trade
Vendor of ‘unworked’ ivory tusk trophy prosecuted: The vendor of the ‘unworked’ elephant tusk trophy that Christie’s offered for sale against CITES rules in 2015, has himself been prosecuted.
09.09.2016, Antiques Trade Gazette: Vendor of ‘unworked’ ivory tusk trophy prosecuted
Bonhams increase buyer’s premium thresholds: Bonhams have followed Christie’s in increasing their buyer’s fees by adjusting their premium thresholds.
09.09.2016, Antiques Trade Gazette: Bonhams increase buyer’s premium thresholds
The Art Dealers Finding Alternatives to the Gallery Model: The gallery business has transformed immensely.
04.09.2016, Artnet News: The Art Dealers Finding Alternatives to the Gallery Model
Nazi-Looted Art Restored Through Passage of HEAR Act: U.S. Senator Charles Schumer announced Thursday the passage of the Holocaust Expropriated Art Recovery (HEAR) Act. The act, which facilitates the return of artwork looted by the Nazis during the Holocaust to its rightful owners, was unanimously passed by the Senate Judiciary Committee.
15.09.2016, JP Updates: Nazi-Looted Art Restored Through Passage of HEAR Act
15.09.2016, The Hill: Senate panel approves Nazi-stolen art recovery bill
Alec Baldwin Files Suit Accusing Art Dealer of Fraud: The actor and celebrity Alec Baldwin sued the art dealer Mary Boone in New York State Supreme Court on Monday, asserting in court papers that he had been defrauded in the purchase of a painting from Ms. Boone in 2010.
12.09.2016, The New York Times: Alec Baldwin Files Suit Accusing Art Dealer of Fraud
13.09.2016, Artnet News: Alec Baldwin Sues Gallerist Mary Boone Over Swapped Painting
Did Degas Make This Plaster? An Expert Now Says Yes: In a twist to a longstanding debate that for years has riveted a corner of the art world, one of the leading experts on Degas has decided that a long-disputed plaster of that artist’s “Little Dancer,” which shows the ballerina in a slightly different pose, is indeed an earlier model of his famous 1881 sculpture “Petite Danseuse de Quatorze Ans.”
12.09.2016, The New York Times: Did Degas Make This Plaster? An Expert Now Says Yes
US Government Sues Museum Owner in Bizarre Case Over Lighthouse Lenses: In what is likely one of the first cases of its kind, the US government – acting on behalf of the US Coast Guard (USCG) – is suing a maritime museum and its owner for the return of two rare and valuable lighthouse lenses that it estimates are worth $600,000 together.
13.09.2016, Artnet News: US Government Sues Museum Owner in Bizarre Case Over Lighthouse Lenses
‘Sopranos’ Actor Slapped With Lawsuit Over Unpaid PR Bills for $10 Million Guercino Discovery: According to a news item posted on Art Daily, Castelluccio is being sued by his former publicist, James Sliman, for payment. Over the last two-and-a-half years, Silman was tasked with promoting a newly-discovered painting of Saint Sebastian by Giovanni Francesco Barbieri, best-known as Guercino, thought to be worth $10 million.
14.09.2016, Artnet News: ‘Sopranos’ Actor Slapped With Lawsuit Over Unpaid PR Bills for $10 Million Guercino Discovery
16.09.2016, artdaily.org: Sopranos actor Federico Castelluccio being sued over work on Guercino painting
Australia bans UK-based collector from taking home painting bought at auction: The private collector, who remains anonymous, bought Australian artist Herbert Badham’s Snack Bar at a Deutscher and Hackett auction in Melbourne last year for A$465,000 (£265,000).
14.09.2016, Antiques Trade Gazette: Australia bans UK-based collector from taking home painting bought at auction
Can foreign collectors and museums sustain Brazil’s art market?: The country is in the doldrums, but its artists have never before enjoyed such critical acclaim abroad.
13.09.2016, The Art Newspaper: Can foreign collectors and museums sustain Brazil’s art market?
Globally, the Indian art scene has never been so vibrant: Yamini Mehta: Yamini Mehta, international head of Indian and South Asian Art at the auction house Sotheby’s, says that the global market for Indian art “has never been more vibrant”.
06.09.2016, livemint.com: Globally, the Indian art scene has never been so vibrant: Yamini Mehta
Art Basel Parent Company MCH Takes Co-Ownership Stake in India Art Fair: Back in March, MCH—the company that owns Art Basel—announced that it would be creating a portfolio of regional fairs through “partnerships with experienced partners and could include joint ventures, acquisitions, and new art fair launches.” Today, the first such partnership has been announced, with MCH taking a co-ownership stake in India Art Fair, alongside the event company Angus Montgomery.
12.09.2016, Artnet News: Art Basel Parent Company MCH Takes Co-Ownership Stake in India Art Fair
Auctioneer Phillips’ expansion extends to Hong Kong, with first art sale announced: Phillips, the 220-year-old London auction house that is expanding internationally under Russian ownership, is to hold its first major sales in Hong Kong in spite of continuing macroeconomic uncertainties that may curb collectors’ enthusiasm.
15.09.2016, South China Morning Post: Auctioneer Phillips’ expansion extends to Hong Kong, with first art sale announced
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