New Research Says Gurlitt Collection Could Include 91 Nazi-Looted Works: New research suggests that the controversial art collection inherited by the late Cornelius Gurlitt may include more Nazi-looted works than previously thought.
19.07.2016, Artnet News: New Research Says Gurlitt Collection Could Include 91 Nazi-Looted Works
18.07.2016, STL: Germany: 91 pieces in Gurlitt art trove likely looted art
Switzerland: legal dispute over Alberto Giacometti collection: On 24 February 2014, the State Prosecutor of the Canton of Graubünden seized as a precautionary measure a collection of Giacometti works from the Bündner Kunstmuseum. The Paris-based Fondation Alberto et Annette Giacometti had reported to the police that the collection had been “fraudulently stolen from the Foundation and was believed to be in the Kunstmuseum”.
18.07.2016, Institute of Art and Law: Switzerland: legal dispute over Alberto Giacometti collection
Nazi Art Loot Returned … to Nazis: Years after World War II, American officials here entrusted more than 10,000 confiscated artworks to Bavarian authorities to return to the rightful owners, many of them Jews whose property had been plundered. But new research in the yellowing archives here makes clear how relentlessly Nazi families pursued the Bavarian officials, badgering them, often successfully, to return art they brazenly continued to view as their property.
15.07.2016, The New York Times: Nazi Art Loot Returned … to Nazis
15.07.2016, Artnet News: Bavarian Parliament Will Investigate Claims that Looted Art Was Returned to Nazis
20.07.2016, The Jewish Voice: Descendants of Jewish Owners Continue to Pursue Nazi-Stolen Art
20.07.2016, The Telegraph: Bavaria to investigate looted art rescued by ‘Monuments Men’ and sold back to Nazi families
Experts shed light on Modigliani’s murky market with new research project: As demand for works by Amedeo Modigliani heats up, a group of respected experts has founded a research project and a long-promised catalogue raisonné is on the cards.
22.07.2016, The Art Newspaper: Experts shed light on Modigliani’s murky market with new research project
Trade associations aim for talks with new UK government: British Art Market Federation chairman Anthony Browne has written to Karen Bradley, the newly-appointed Secretary of State for Culture, Media and Sport, in the hope of arranging a face-to-face briefing.
19.07.2016, Antiques Trade Gazette: Trade associations aim for talks with new UK government
Bill in UK Parliament to return Elgin Marbles: No, your eyes are not deceiving you. The title of this post is correct. There is currently a Bill before the UK Parliament to return the Elgin Marbles (aka the Parthenon Marbles) to Greece. It received its first reading in the House of Commons on Monday, 11th July, and is scheduled for a second reading on 20th January 2017.
15.07.2016, Institute of Art and Law: Bill in UK Parliament to return Elgin Marbles
Christie’s sales down 27% – is this an art market slump?: Christie’s has experienced a sharp fall in overall sales. In figures released earlier today the company reported sales of £2.1bn for the first half of 2016, which compared to £2.9bn for the same period in 2015.
20.07.2016, Antiques Trade Gazette: Christie’s sales down 27% – is this an art market slump?
20.07.2016, Blouin Artinfo: Christie’s Sees Sales Volume Dip From Last Year
21.07.2016, Artnet News: Christie’s Reports Steep Drop in Sales for First Half of 2016
20.07.2016, Marketwatch: High-end art sales suffer global slump
Can Sotheby’s Earnings Survive a Sales Decline?: The art market can be extremely volatile, and auction house stalwart Sotheby’s (NYSE: BID) has seen plenty of favorable and unfavorable periods for sales of high-priced art and collectibles in its long history.
21.07.2016, Madison.com: Can Sotheby’s Earnings Survive a Sales Decline?
These Four Technologies May Finally Put an End to Art Forgery: Like method actors and bearded brewmasters, the best art forgers are obsessed with authenticity. But thanks to a handful of new authentication technologies, even history’s most painstaking efforts wouldn’t stump today’s art sleuths.
18.07.2016, Artsy: These Four Technologies May Finally Put an End to Art Forgery
22.07.2016, Artnet News: Art Demystified: How to Determine the Authenticity of a Contemporary Artwork
The Art Market: Oh you pretty things: Proof of a weakened art market is emerging as the auction houses begin to release their figures for the first six months of 2016. During this time, the value of sales at auction at Sotheby’s fell 24 per cent to $2.4bn.
15.07.2016, The Financial Times: The Art Market: Oh you pretty things
Insuring valuables in a changing world: the art and antiques market takes cover: Increased risk around compliance, global trade and even terrorism suggests antiques firms need to insure a wider range of activities. But how can they do so without breaking the bank?
20.07.2016, Antiques Trade Gazette: Insuring valuables in a changing world: the art and antiques market takes cover
Google’s Sprawling New Art App Has Grand Ambitions But Is Still Pretty Clunky: In the latest move in Google’s attempt to spellbind the world into submission, the Internet search giant yesterday upped the ante in its art offerings. Specifically, it debuted a spiffy new version of Google Arts & Culture, a website and app that promises to give you access to the world’s museums at a click.
20.07.2016, Artnet News: Google’s Sprawling New Art App Has Grand Ambitions But Is Still Pretty Clunky
Kiev Calls For Boycott of Russian Museums Exhibiting Crimean Art: Moscow is accused of illegally exporting art from Crimea.
19.07.2016, Artnet News: Kiev Calls For Boycott of Russian Museums Exhibiting Crimean Art
Spend and be merry: Fair director urges buyers to do their part for the UK economy: A letter from Ingrid Nilson, the director of the Antiques Dealers Fair Ltd (ADFL), published in Financial Times encourages buyers to stave off economic crisis by continuing to spend.
13.07.2016, Antiques Trade Gazette: Spend and be merry: Fair director urges buyers to do their part for the UK economy
Damien Hirst’s formaldehyde works are not harmful after all: Author retracts report claiming works shown at Tate Modern were a risk.
18.07.2016, The Art Newspaper: Damien Hirst’s formaldehyde works are not harmful after all
Prosecutors Expose Jho Low’s Secret Schemes to Illicitly Acquire $137 Million in Art: Following a press conference in Washington, D.C. this morning announcing a planned $1 billion asset seizure from troubled Malaysian financier Jho Low, the U.S. Department of Justice (DOJ) released detailed—and frequently mind-boggling—documents showing how hundreds of millions of dollars were inappropriately transferred from Low’s 1MDB fund, to personal accounts or unrelated business entities and in some cases, used to pay for tens of millions worth of art work.
19.07.2016, Artnet News: Prosecutors Expose Jho Low’s Secret Schemes to Illicitly Acquire $137 Million in Art
20.07.2016, Artnet News: US To Seize $1 Billion in Misappropriated Funds Connected to Malaysian Collector Jho Low
Gagosian Gallery to Pay New York State $4.3 Million: The Gagosian Gallery, one of the most successful art dealerships in the world, failed to pay New York State sales tax on hundreds of art transactions over a decade, according to Eric T. Schneiderman, the New York State attorney general, who on Tuesday announced an agreement to collect $4.28 million in back taxes, interest and penalties from the business.
19.07.2016, The New York Times: Gagosian Gallery to Pay New York State $4.3 Million
19.07.2016, Bloomberg: Gagosian Gallery to Pay $4.28 Million in Tax Settlement
20.07.2016, Artnet News: Gagosian Gallery Will Pay $4.3 Million in New York Back Taxes
Bill to Prohibit Export of Native American Artifacts Introduced by US Senator: Following a meeting on July 5 with tribal leaders at the Indian Pueblo Cultural Center in Albuquerque, US Senator Martin Heinrich, a Democrat representing New Mexico, introduced the Safeguard Tribal Objects of Patrimony (STOP) Act with the leaders’ support.
19.07.2016, Art Forum: Bill to Prohibit Export of Native American Artifacts Introduced by US Senator
MTA’s $27 Billion Spending Plan Will Bring New Art to 31 Stations: New Yorkers pretty much have a love-hate relationship with the Metropolitan Transportation Authority (MTA), but hopefully that will get better under Governor Andrew Cuomo’s new five-year, $27 billion spending plan, announced on July 18. In addition to new “open gangway” style subway trains that allow passengers to move freely between cars, the plan also will bring new art to 31 stations across the system slated to undergo renovations.
19.07.2016, Artnet News: MTA’s $27 Billion Spending Plan Will Bring New Art to 31 Stations
Record for Latin American art as Phillips negotiate private deal for Rivera painting: Phillips have negotiated the private sale of ‘Baile en Tehuantepec’ by Diego Rivera (1886-1957) for $15.75m (£12m), a price which they claim is a record for any piece of Latin American art.
15.07.2016, Antiques Trade Gazette: Record for Latin American art as Phillips negotiate private deal for Rivera painting
Sotheby’s Reports Half-Year Asia Sales Are Up 22 Percent: Sotheby’s released a report highlighting the strength of its sales in Asia for the first six months of 2016, noting the growing presence of Asian collectors in its salerooms around the world.
21.07.2016, Artnet News: Sotheby’s Reports Half-Year Asia Sales Are Up 22 Percent
Authenticity of Vietnamese rare paintings is on debate: VietNamNet Bridge – Museum officials, artists and experts announced after attending a private meeting on Tuesday that 17 paintings of collector Vu Xuan Chung displayed at the recent exhibition Paintings Returned from Europe at the HCM City Fine Arts Museum appeared to be inauthentic and signed by artists who had not painted the works.
17.07.2016, Vietnamnet: Authenticity of Vietnamese rare paintings is on debate
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