Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Getty Has Staredown with Austerity-Strapped UK Over ‘Laughing Rembrandt’

July 18, 2013 by Marion Maneker

`Rembrandt Laughing' by Rembrandt van Rijn
`Rembrandt Laughing’ by Rembrandt van Rijn

The Los Angeles Times reports on the hold the UK’s Culture Minister put on the Getty’s $25.1m acquisition of this Rembrandy self portrait and estimates the recession-plagued economy’s chances of raising the same sum domestically. Here’s their recap of recent Getty v. UK showdowns:

In 2011, no one stepped forward to prevent one of the Getty’s most prized recent acquisitions, the$44.9-million purchase of J.M.W. Turner’s 1939 landscape, “Modern Rome – Campo Veccino.”

And Britain’s latest Getty-related export freeze was overcome last week when a three-month hold expired on a 15th century Flemish illuminated manuscript for which the Getty had bid about $5.8 million at auction.

The manuscript, “Roman de Gillion de Trazegnies,” which includes eight half-page miniature paintings by Lieven van Lathem, is expected to arrive at the Getty Center this month and go on view starting Sept. 3, spokesman Ron Hartwig said.

A report by the British secretary of state for culture on export freezes enacted during 2010-11 noted that seven works that had been “`starred’ as worthy of special effort to retain” had exited the nation because no U.K. buyers had stepped forward. They included Getty’s Turner painting and canvases by Nicolas Poussin and Frans Hals valued at about $23.1 million and $11.9 million, respectively.

U.K. is trying to thwart Getty’s $25-million Rembrandt purchase (LA Times)

More from Art Market Monitor

  • Asia Week Starts SlowAsia Week Starts Slow
  • In the Art World, “Capital Is Extremely Expensive Because It’s Extremely High Risk.”In the Art World, “Capital Is Extremely Expensive Because It’s Extremely High Risk.”
  • Thomas KinkadeThomas Kinkade
  • Qi Baishi Sells for $65m in Beijing AuctionQi Baishi Sells for $65m in Beijing Auction
  • Christie's Photo Sale: Berman Color LandscapesChristie's Photo Sale: Berman Color Landscapes
  • Polaroid Wants to Go to AuctionPolaroid Wants to Go to Auction

Filed Under: Museums

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...