16 September 2019

Europe

Maurizio Cattelan Golden Toilet Sculpture Stolen from Exhibition in England: Just a few days after it went on view to the public in England, Maurizio Cattelan’s 18-karat golden toilet has gone missing. In a statement posted on Twitter on Saturday morning, Blenheim Palace said that Cattelan’s America (2016) has been “stolen” from its current exhibition of the artist’s work, which opened last Thursday and is scheduled to close on October 27. 

14.09.2019, Art News: Maurizio Cattelan Golden Toilet Sculpture Stolen from Exhibition in England 

14.09.2019, The Art Newspaper: Police seeking Maurizio Cattelan’s gold toilet stolen from Blenheim Palace 

14.09.2019, Bloomberg: Golden Toilet Stolen From Winston Churchill’s Birthplace 

European Police Are Making Arrests in a String of High-Profile Old Master Forgeries of Cranach, El Greco, and Others: There has at last been an arrest in a high-profile string of suspected Old Master forgeries uncovered in 2016. An Italian painter, Lino Frongia, 61, was taken into custody in northern Italy earlier last week, while an arrest warrant has been issued for French art dealer and collector Giulano Ruffini, who sold the works in question.

13.09.2019, The Art Newspaper: European Police Are Making Arrests in a String of High-Profile Old Master Forgeries of Cranach, El Greco, and Others 

Is this $30m portrait the ‘last Botticelli’?: A Sandro Botticelli portrait of a Humanist poet is the latest trophy to test demand for brand-name Old Masters in the aftermath of the market-upending $450.3m bid in 2017 for Leonardo da Vinci’s Salvator Mundi.

12.09.2019, The Art Newspaper: Is this $30m portrait the ‘last Botticelli’? 

Donate art to cut tax bill, firms told: Embattled museums and galleries could get a helping hand if big business made use of an art donation tax break, it has been suggested. Edward Harley, who chairs the government’s acceptance in lieu panel, said that large companies had not participated in the cultural gifts scheme, which has been credited with providing institutions outside London with treasures that they would not be able to afford on the open market.

12.09.2019, The Times: Donate art to cut tax bill, firms told 

How resale right can apply to fresh-to-market lots from an artist’s estate: When a group of works consigned by LS Lowry’s estate appeared at Christie’s on June 18 they were marked in the catalogue as subject to ARR, even though they were billed as “a unique opportunity for collectors to acquire works directly from the artist’s ownership, which have been on long-term loan to museums and galleries since the artist’s death”. Both the auction house and the collecting agency DACS confirmed that auction consignments from artist’s estates attract ARR as they are regarded as ‘resales’ under the regulations.

09.09.2019, The Antiques Trade Gazette: How resale right can apply to fresh-to-market lots from an artist’s estate 

BADA sells majority stake in Chelsea fair to Masterpiece founders: BADA (The British Antique Dealers’ Association) has sold a majority stake in its annual Chelsea fair to the founders of the Masterpiece fair Thomas Woodham-Smith and Harry van der Hoorn.

09.09.2019, The Art Newspaper: BADA sells majority stake in Chelsea fair to Masterpiece founders 09.09.2019, The Antiques Trade Gazette: BADA sells its London fair

United States

A U.S. judge struck down a French court’s $2.2-million ruling in a copyright dispute over Picasso photos: A decades-long legal battle over photographs of Pablo Picasso’s work may have finally come to an end following a U.S. judge’s fair use ruling. The lawsuit revolved around a set of photographs of Picasso’s work taken by the artist’s friend and Cahiers d’Art founder Christian Zervos between 1932 and 1970. The images were published in a 33-volume catalogue raisonné of the artist’s work, commonly referred to as the Zervos Catalogue. In 1979, Yves Sicre de Fontbrune, a former director at Cahiers d’Art, acquired the intellectual property rights to the Zervos Catalogue. In the 1990s, art dealer and publisher Alan Wofsy included some of Zervos’s photographs in a two-volume book on Picasso, sparking De Fontbrune’s copyright infringement lawsuit and a winding legal battle.

13.09.2019, Artsy: A U.S. judge struck down a French court’s $2.2-million ruling in a copyright dispute over Picasso photos.

Tax Break for Blighted Areas May Help Billionaire Art Collectors: The 2017 Republican tax overhaul in the U.S. could provide relief for billionaire art collectors stung by the expiration of another major tax break. Art collectors may have a “once-in-a-generation opportunity” to invest capital gains in economically depressed areas around the country, according to Cresset Partners, an adviser to wealthy families. The government has designated more than 8,000 areas as “qualified opportunity zones” and is offering tax breaks on investments held there.

12.09.2019, Bloomberg: Tax Break for Blighted Areas May Help Billionaire Art Collectors 

Mercedes-Benz sues in dispute with artists over Detroit murals: Mercedes-Benz USA is asking a judge to protect it from legal action over its use of images of Detroit outdoor murals in social media posts. The company said four artists threatened to file a lawsuit after their works appeared last year in Instagram posts about the G 500 Series truck. Mercedes-Benz removed the posts, although it insists it didn’t infringe on copyrights and was entitled to fair use of the murals.

12.09.2019, CBC: Mercedes-Benz sues in dispute with artists over Detroit murals 

What Going Private Under Patrick Drahi Might Mean for Sotheby’s: On Sept. 5 shareholders of publicly traded Sotheby’s approved a $3.7 billion acquisition offer from French telecommunications tycoon Patrick Drahi. Come this November during the auctions in New York, clients bidding on treasures like Claude Monet’s Charing Cross Bridge will likely be raising their paddles inside the halls of a private company.

12.09.2019, Bloomberg: What Going Private Under Patrick Drahi Might Mean for Sotheby’s 

Appraising Inherited or Donated Artwork: People who inherit artwork, or donate a piece to a museum or other nonprofit face a common goal: Don’t run afoul of the Internal Revenue Service. Unfortunately, without a purchase price to guide them, tax filers can find themselves embroiled in a debate with the IRS about the value of inherited or donated work.10.09.2019, The Wall Street Journal: Appraising Inherited or Donated Artwork

World

Pushkin State Museum to take control of nine contemporary art centres across Russia: The Pushkin State Museum of Fine Arts in Moscow will soon take over the running of Russia’s National Centre for Contemporary Arts, whose nine branches extend from Kaliningrad on the Baltic Sea to Tomsk some 4,000km east. The merger, which follows plans to open a “Pushkin Modern” inspired by Tate Modern in London, confirms the museum’s broad ambitions in contemporary art.

12.09.2019, The Art Newspaper: Pushkin State Museum to take control of nine contemporary art centres across Russia 

13.09.2019, Artforum: Moscow’s Pushkin Museum To Merge With National Centre For Contemporary Arts

A looted Maya sculpture sparks a storm over its planned sale at auction: The sculpture was almost certainly stolen in the early 1960s from an ancient Maya site. It passed through the inventory of a prominent Los Angeles gallery on its way to Paris. Its illicit history is no secret, yet the sale in France is scheduled to proceed in broad daylight.

12.09.2019, The Los Angeles Times: A looted Maya sculpture sparks a storm over its planned sale at auction 13.09.2019, Le Journal des Arts: Suspension en France de la vente d’une pièce maya que le Guatemala veut rapatrier

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