Art Market Monitor

Global Coverage ~ Unique Analysis

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

Christie’s Follows Near-Record Van Gogh with Another Work in May

March 26, 2018 by Marion Maneker

Christie’s recently announced Vue de l’asile et de la Chapelle de Saint-Rémy, 1889, by Vincent van Gogh (estimate in the region of $35 million) as one of the lead lots for its Impressionist and Modern sales in New York this May. The work was once owned by Elizabeth Taylor whose father, art dealer Francis Taylor, bought the picture for her in 1963 at auction for £92,000.

The painting comes to market, in part as a response to Christie’s sale last November of van Gogh’s Laboureur dans un champ, from the Bass collection which made $81.3 million against its original estimate of $50 million. Because this price was was just shy of the auction record for the artist, the van Gogh market has perked up more than a bit. Christie’s makes clear in its marketing materials the relationship between the two works:

Approximately one month after depicting Laboureur dans un champ, which nearly eclipsed the artist’s record in November, Vincent painted Vue de l’asile et de la Chapelle de Saint-Rémy. Unlike the canvas of the ploughman, which had been rendered indoors and from memory, he painted the chapel en plein air.

This luminous painting was included in several of Van Gogh’s most important early exhibitions. These groundbreaking shows, including the 1905 retrospective at the Stedelijk Museum in Amsterdam, were instrumental in the formation of his posthumous reputation. Having seen this painting in the landmark 1905 Van Gogh retrospective at the Stedelijk Museum in Amsterdam, Paul Cassirer, the leading German gallerist of the time, placed it immediately afterwards in his own traveling exhibition, which alerted the German public, art critics, historians, and contemporary painters alike to the achievement of an artist who was rapidly achieving legendary status.

Van Gogh Museum Bought Signac at Christie’s in November

December 20, 2016 by Marion Maneker

signac-ponton-de-la-felicite-2-3m-2-887m-usd

The van Gogh Museum has revealed that it purchased Paul Signac’s Ponton de la Felicité during Christie’s recent Impressionist and Modern Evening sale in New York last month.

The work was bid upon by private dealer David Norman and sold comfortably between the estimates for $2.88m and will be on view in Amsterdam starting Thursday:Continue Reading

Museum Attributes Major New van Gogh Work

September 9, 2013 by Marion Maneker

Van Gogh, Sunset at Montmajour

Without saying who owns the newly attributed work of Vincent van Gogh, the artist’s museum has announced the discovery of  “Sunset at Montmajour,” a work painted in Arles in 1888:

Researchers at the Van Gogh Museum said they concluded the work was a van Gogh painting because the pigments correspond with those of van Gogh’s palette from Arles. Also, it was painted on the same type of canvas, with the same type of underpainting he used for at least one other painting, “The Rocks” (owned by the Museum of Fine Arts in Houston) of the same area at the same time. The work was also listed as part of Theo van Gogh’s collection in 1890, and was sold in 1901.

Bloomberg answers the key question:

The work is owned by private collectors who have asked not to be identified, the Van Gogh Museum said. They approached the museum to request an expert opinion of the painting.

The Times responds by contacting James Roundell for a market appraisal:

“One or two early van Goghs do sometimes come out of the woodwork now and again, but from the mature period it’s very rare,” said James Roundell, an art dealer and the director of modern pictures for the Dickinson Galleries in London and New York, one of the world’s leading Impressionist and modern galleries. “It’s an incredibly exciting moment and very exciting for the van Gogh to have something presented to it that turns out to be a missing van Gogh,” he added.

Mr. Roundell, who deals in museum-quality artworks from the 19th century, said it would be hard to predict precisely how much this work would fetch on the market. “You’re going to be talking in the upper ranges, in the tens of millions and quite a few of them,” he said. “It’s not the iconic status of something like the ‘Sunflowers’ or the ‘Portrait of Dr. Gachet,’ ” which sold at auction for $82.5 million in 1990. “This is an interesting landscape by van Gogh and landscapes do come up so you’re probably starting at $10 million and working up to 30, 40, or 50 million, but where this lies in that register it’ll be hard to say.”

Finally, the Wall Street Journal follows up with a separate story explaining how the painting was “lost” in the first place. Turns out the owners were told it was a fake:

But the Van Gogh Museum experts, in an article about their findings in the forthcoming edition of the art publication The Burlington Magazine, say that it was purchased, probably in 1908, by the Norwegian industrialist Nicolai Christian Mustad, whose family firm was involved in steel production.

After the French ambassador to Sweden said it was fake, however, Mr. Mustad hid it in the attic.

The “banishment was permanent; he never wanted to see the landscape again, and later photographs of his home confirm that it didn’t hang among his other pictures,” the experts wrote in the article.

After Mr. Mustad’s death in 1970, an art dealer also concluded that the painting wasn’t a real Van Gogh. Another owner in 1991 contacted the Van Gogh museum, and again the piece was judged to be fake.

Two years ago, the museum experts asked the owner if they could give it another try, after having identified the place the painting depicts.

With more-sophisticated scientific tools at their disposal this time, they were able to determine that the pigments used for “Sunset at Montmajour” correspond with those of Van Gogh’s palette from Arles, the museum said.

 

New Van Gogh Painting Unveiled in Amsterdam (NYTimes)

Van Gogh Painting Discovered, Amsterdam Museum Reports (Bloomberg)

Fake van Gogh in the Attic Turns Out to Be Real (Wall Street Journal)

Saffronart Imp-Mod Feb ’12 = $1.2m

February 16, 2012 by Marion Maneker

Saffronart’s first foray into Impressionist and Modern art was tough sledding with only 44% of the 73 lots finding buyers. Half of the sale value was entirely in one painting, the van Gogh above, that sold for $697k

van Gogh on 60 Minutes

October 17, 2011 by Marion Maneker

Next Page »
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...