In another victory for Lawrence Kaye at Herrick, another Kazimir Malevich will be offered at Sotheby’s—the same house that sold the $60m work previously restituted in this same process—later in June:
Sotheby’s will ask between $30 million and $45 million for a seminal abstract painting by Kazimir Malevich at an auction in June in the latest example of how artworks once stolen or unjustly sold during World War II and now being restituted are shaking up the market for blue-chip artists.
Sotheby’s on Monday confirmed the price range for “Suprematism, 18th Construction,” which will go on sale at the auction house’s Impressionist and Modern sales on June 24 in London. It is one of five restituted to Malevich’s roughly 35 heirs in 2008 by Amsterdam’s prestigious Stedelijk Museum after a 17-year legal tussle.
Sotheby’s Sets $30 Million to $45 Million Range for Restituted Painting (WSJ)
