Archive for “Modigliani”

€6.5 million for a Modigliani at Sotheby’s

Paris, 5 December 2013, Art Media Agency (AMA).

The sale of Modern and Impressionist art which took place at Sotheby’s in Paris on 4 December realised a sales total of €23.7 million, including fees.

The major lot, a 1919 portrait by Italian painter Amedeo Modigliani, Portrait de Roger Dutilleul, sold for €6.5 million (€5.7 million hammer price), just below the given estimation of between €7 and €9 million. In June in London, another Modigliani portrait of the art dealer Paul Guillaume fetched €7.9 million, charges included.

Among the other important sales were a Kandinsky piece, Bunt im dreieck (Bigarrure dans le triangle), bought for €1.777 million including charges, and an oil on card by Picasso, Buste d’homme, which exceeded its pre-sale estimation, realising €1.665 million. Another work by the Spanish artist, Peintre et Modèle, surpassed its million-euro estimation, achieving €1.141 million, while Max Ernst’s Louve Romaine was bought for €1.081 million.

The sale also saw several pieces by Marc Chagall sold, as well as works by Paul Klee, René Magritte and Joan Miró.

Modern and Impressionist Art sale at Sotheby’s Paris

Paris, 27 November 2013, Art Media Agency (AMA).

Sotheby’s in Paris is to host an important sale of Modern and Impressionist Art on 4 December 2013.

The major lot in the sale is a Modigliani painting, Portrait de Roger Dutilleul (1919), estimated to fetch between €7 and €10 million. The painting of the visionary art collector is one of Modigliani’s last portraits before his death in 1920. Thomas Bompard, director of the Modern and Impressionist Art department at Sotheby’s France, has said of the piece: “We are convinced that the art market will react enthusiastically to this historic sale [...] it is the most important modern painting to ever be put under the hammer in Paris by Sotheby’s.”

Other lots in the auction, mainly coming from international private collections, are a Pablo Picasso drawing entitled French Kiss (1967), estimated between €250,000 and €350,000; one of Tamara de Lempicka’s first paintings, Deux nus en perspective (1925), estimated between €1,300,000 and €1,800,000; a Kandinsky piece, Bunt Im Dreieck (1927), valued between €1,200,000 and €1,800,000; a Joan Miró sculpture, Souvenir de la Tour Eiffel, expected to fetch between €1,400,000 and €1,800,000; alongside 6 Marc Chagall paintings and numerous Surrealist pieces.

Modigliani estbalishes new record in Israeli auction

Jerusalem, 9 July 2013, Art Media Agency (AMA).

A work by Italian artist Amadeo Modigliani Portrait de Anne Bjarne has been sold at an auction at Israel’s Matsart for a record price of $8.6m.

The piece was sold by Israeli businessman Meshulam Riklis. Though the transaction was made in Israel, the painting itself remained in New York, in order to avoid Israel’s 18% VAT charge.

Commenting on the sale in the  Times of Israël, Matsart’s Shmuel Bahagon,explained: “These days, when many individuals are unsure of what to do with their money, and don’t want to invest it in banks, this sale shows that art is an unparalleled channel of investment, especially over the past five years.”

The last record to be established at the Israeli auction house was for a work by Camille Pissarro, which sold for $1.2m. .

Christie’s sale of Impressionist, Modern and Surrealist art confirms previous success

London, 8 February 2103, Art Media Agency (AMA).

After the very successful 5 February sale, Christie’s announced another thriumphing auction, held on 6 February.

The London sale devoted to Impressionist, Modern and Surrealist art made a total turnover of €157.3m. Buyers participating in the auction came from 19 countries and five artists established new records. While the assembly of all works on offer was estimated between €104m and €153m, final result exceeded by far this forecast. 84% of lots was purchased and 94% of total sale value was achieved.

The most expensive artwork was the painting titled Jeanne Hébuterne (au chapeau) (1919) by Amadeo Modigliani (1884-1920) sold for €31.04m, fetching twice its original estimate. 32 works were purchased for more than £1m (€1.15m). Among the artworks that set new records we might mention a painting titled  Après le déjeuner (1881) by Berthe Morisot, which established the new auction record for a female artist, a sculpture by René Magritte and works by Alberto Magnelli, Kay Sage and Óscar Domínguez.

Other lots worth mentioning are: L’Ombrelle (1878) by Pierre-Auguste Renoir (1841-1919) estimated between €4.6m and €8m, finally sold for €11.1m, Nu accroupi (1960) by Pablo Picasso (1881-1973), purchased for €8.4m (previously valued between €3.5m and €5.8m).

This exceptional sale offered as well works by Kandinsky, Miró and Matisse.

Lawsuit for Modigliani authentication

New York, 7 February 2013, Art Media Agency (AMA).

In a recent lawsuit case, Edinburgh Investments has sued Sidney Tenoudji. Tenoudji would have withheld, after demanding a fee of $500,000, access to documents that might authenticate a Modigliani painting.

In 1988, Michael Dingman, a representative of Edinburgh Investments purchased a Modigliani painting, Portrait de Femme, signed and dated by the artist, from Perls Galleries in New York City for $1.44 million.

In 2010, Sotheby’s experts inspected his artwork to value it, and labelled Modigliani’s work “Pending Authentification”, explaining that a lot of fake Modiglianis were in circulation and therefore needed further research. During the investigation, led by the current accepted authority on Modigliani Marc Restellini, it was revealed that the painting came from the collection of Edmond Cohen-Tenoudji, a well-known French film producer and collector of 19th and 20th century artwork. But the information on the provenance prior to the sale was still missing.

It was after contacting Cohens’ son, Sidney Tenoudji that things festered. Tenoudji’s attorney revealed the existence of several documents that could reconstruct the entire story of the painting, but would not reveal their substance. Tenoudji believed the value of the documents should be based on a percentage of the sale price of the painting and threatened to destroy them if not payed. He revealed that the painting could actually be worth $30M, and was willing to sell the documents for $500,000.

The issue of the trial is yet unknown.

Modigliani Expert Arrested in Italy

Rome, 16 January 2013, Art Media Agency (AMA).

Christian Parisot, President of the Modigliani Institute in Rome, is involved in an international forgery investigation involving the deceased painter. The art expert and close friend of the artist’s family is accused of providing false certificates of authenticity for over €6.65 million worth of counterfeit Modigliani works, according to The Financial Times.

Parisot was apprehended last month in connection with an investigation that dates back to 2010, when 22 fake Modigliani paintings were removed from an exhibition he organised at the Archeological Museum of Palestrina. He and art dealer Matteo Bignapiano were put under house arrest after the Police seized 59 artworks thought to be falsely attributed to the artist as well as fake certificates of authenticity.

Parisot’s long story with the Modigliani family has not only been succumbed by this arrest. In fact in 2008 he had already been arrested for producing forged copies of drawings by Modigliani’s mistress, Jeanne Hebuterne. His case ended with a sentence of two years of jail, a verdict that he required to appeal before the 2010 investigation began.

Christie’s Impressionist and Modern art sale set to raise €120m

London, 15 January 2013, Art Media Agency (AMA).

A paintings auction, featuring some of the masters of 20th century art is expected to raise around €120m (£100m). Works by Pablo Picasso, Amedeo Modigliani and Henri Matisse will all go on sale at Christie’s auction house in London on 6 February 2013, on the occasion of the Impressionist and Modern art sale.

The highlight of this sale is Modigliani’s Jeanne Hebuterne (au chapeau) – a 1919 portrait of his lover, estimated to fetch between €19m and €26.5m. Two works by Picasso, a 1960 female nude called Nu accroupi and Minotaure aveugle conduit par une petite fille are estimated to reach €6m and €4.2m respectively.

Christie’s International director and head of the Impressionist and Modern art evening sale Jay Vincze said: “Buyers continue to be hungry for the best and rarest works of impressionist and modern art. We have ensured that this sale focuses on significant works by the most important artists and are proud to present a rich and focused offering which spans figuration to abstraction, presenting international collectors and institutions with rare and exciting opportunities.”

Modigliani at Bonhams London

London, 18 May 2011, Art Media Agency (AMA).

Bonhams will be hosting its modern and impressionist art sale on 21 June 2011.  Included in the selection of works is a Modigliani.

Portrait de Femme, dated 1917-1918, is valued at 1.5 to 2.5 M£.  On 2 November 2010, Nu assis sur un divan (la belle romaine), also painted in 1917, set a new record for the artist and was sold for £38,351,400.  The sculpture, Tête, Modigliani’s second highest record, was purchased for £32.066.650 on 14 June 2010.

Picasso’s study for  Demoiselles d’Avignon will also be on sale and is estimated at 3 to 5 M£.  Other works by the Spanish painter will be Tête de matador, £150,000 to £200,000; Femme nue assise at £165,000 to £175,000 and Personnages, £20,000 to £30,000.

L’Écuyère bleu au coq rouge by Marc Chagall has been estimated at £60,000 to £80,000.  A Chagall sketch book will also be on sale at Bonhams on 17 June 2011.

Works by Carlos Nadal and Oscar Dominguez will also be on auction.